💊 AbbVie Acquired Cerevel For $8.7B. $60M+ VC Funding.
Daily Impact Deals #150 looks at major deals and M&A in impact industries, and upcoming economic releases.
Zdravo 🍷
📈 Today's Global Economic Update: Italy's economy grew by 0.2% in Q2 2024 and 0.9% YoY. Q1 quarterly growth was confirmed at 0.3%, with the YoY rate revised to 0.6%. This steady growth suggests a gradual economic recovery, though the pace remains modest.
⚕️ Deal of the Day: Healx, a UK-based AI-enable biotech company, raised a $47M Series C to use the proceeds to advance its pipeline of medicines.
What's New?
🌍 Climate. Logistics, petroleum
🩺 Health. BioTech, pharmaceuticals
📅 Economics. Balance of trade data, employment data, inflation data + more
🌍 Climate
📦 Onepak, a Boston-based digital supply chain and reverse logistics platform for IT hardware and e-waste, raised $20M from Nuveen to expand operations.
⛽ Occidental Petroleum, a US-based oil company acquired CrownRock, L.P. for $12B, to bolster its Permian Basin operations.
🩺 Health
⚕️ Healx, a UK-based AI-enable biotech company, raised a $47M Series C from R42 Group and Atomico to use the proceeds to advance its pipeline of medicines.
💊AbbVie, an Illinois-based pharmaceutical company, acquired Cerevel Therapeutics for $8.7B, a Massachusetts-based biopharmaceutical company.
👨⚕️ Otsuka, a Japanese pharmaceutical company, acquired Jnana Therapeutics for $800M, a Massachusetts-based biotech company.
📅 Economic Calendar
Balance of Trade Data, Employment Data, Inflation Data + More
Friday, August 2nd 2024
Monday, August 5th 2024
Tuesday, August 6th 2024
Wednesday, August 7th 2024
🇩🇪 Germany's Balance of Trade
🇨🇦 Canada Ivey PMI, July
🇦🇺 NAB Business Confidence Index, July
🇨🇳 China Balance of Trade, July
Thursday, August 8th 2024
🇨🇦 Canada Balance of Trade, June
🇨🇳 China Inflation Data, July
Friday, August 9th 2024
🇨🇦 Canada Employment Data, July
Monday, August 12th 2024
🇦🇺 Australia Westpac Consumer Confidence Data, August
Tuesday, August 13th 2024
🇬🇧 UK Unemployment Data, June
🇩🇪 Germany ZEW Economic Sentiment Index, August
🇺🇸 US PPI MoM, July
Wednesday, August 14th 2024
🇬🇧 UK Inflation Data, July
🇺🇸 US Inflation Data, July
🇯🇵 Japan GDP Data (Preliminary), Q2
🇨🇳 China Industrial Production Data, July
🇨🇳 China Retail Sales Data, July
Thursday, August 15th 2024
🇬🇧 UK GDP Data, June
🇺🇸 US Retail Sales Data, July
Friday, August 16th 2024
🇬🇧 UK Retail Sales Data, July
🇺🇸 US Building Permits Prel, July
🇺🇸 US Michigan Consumer Sentiment Prel, August
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