🍃 ADNOC Acquires Covestro For $12.92B. $130M+ VC Funding.
Daily Impact Deals #195 looks at major deals and M&A in impact industries and upcoming economic releases.
Zdravo 🍷
📈 Today's Global Economic Update: Job openings increased by 329K to 8.04M in August 2024, surpassing expectations, with notable gains in construction (+138,000) and state and local government (+78,000). Meanwhile, job quits fell to 3.084M, the lowest since August 2020.
🌿 Deal of the Day: ADNOC International, signed a definitive agreement to acquire German chemical manufacturer Covestro for $12.92B.
What's New?
🌍 Climate. Chemical manufacturing & sustainable metal manufacturing
💻 Technology. Augmented AI
📅 Economics. US inflation, UK GDP, balance of trade data + more
🌍 Climate
🍃 ADNOC, through its subsidiary ADNOC International, signed a definitive agreement to acquire Covestro, a German sustainable materials company for $12.93B.
🧪 Mstack Chemicals, a Houston-based specialty chemical manufacturing platform, raised a $40M Series A from Lightspeed and Alpha Wave to expand its geographic presence.
♻️ Sun Metalon, a Japanese-American startup, raised a $21M Series A to accelerate the circular economy in metal manufacturing and 3D printing industries.
💻 Technology
🤖 Crescendo, a California-based augmented AI customer experience provider, raised $50M to expand operations and its development efforts.
📅 Economic Calendar
US Inflation, UK GDP, Balance of Trade Data + More
Friday, October 04th 2024
🇨🇦 Canada Balance of Trade Data, August
🇺🇸 US Employment Data, September
Monday, October 07th 2024
🇦🇺 Australia RBA Meeting Minutes
Tuesday, October 08th 2024
🇨🇦 Canada Balance of Trade Data, August
🇦🇺 Australia Westpac Consumer Confidence Data, October
Wednesday, October 09th 2024
🇩🇪 Germany Balance of Trade Data, August
Thursday, October 10th 2024
🇺🇸 US Core Inflation Data, September
🇺🇸 US Inflation Data, September
Friday, October 11th 2024
🇬🇧 UK GDP Data, August
🇨🇦 Canada Employment Data, September
🇺🇸 US PPI Data, September
🇺🇸 US Michigan Consumer Sentiment Prel, October
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