⛽ Helmerich & Payne Acquiring KCA Deutag For 1.9B. 50M+ VC Funding.
Daily Impact Deals #146 looks at major deals and M&A in impact industries, and upcoming economic releases.
Ahoj 🍺
📈 Today's Global Economic Update: The Bank of Canada has reduced its key policy rate by 25 basis points for the second consecutive month, lowering it to 4.5%. It indicated that more cuts could follow if inflation continues to decline.
💊 Deal of the Day: ReviR Therapeutics, a California-based biotechnology company, raised a $30M Series A to advance its proprietary oral genetic medicines.
What's New?
🌍 Climate. Energy, oil & gas
🩺 Health. Monitoring, biotech
📅 Economics. Euro Area GDP, US Fed interest, inflation data + more
🌍 Climate
⚡ Greenely, a Stockholm-based energy company, raised a $8.7M Series A funding led by a Belgian investment firm to expand operations.
☢️ Kyoto Fusioneering, a Japanese company developing key components for fusion reactors, raised a $7.2M Series C extension round led by US venture capital firm Lux Capital to accelerate investment in tech development.
🛢️ Helmerich & Payne, an Oklahoma-based company drilling oil and gas company, is acquiring KCA Deutag for $1.9B, an Aberdeenshire-based drilling services firm.
🩺 Health
💊 ReviR Therapeutics, a California-based biotechnology company, raised a $30M Series A from Lapam Capital to advance its proprietary oral genetic medicines for multiple CNS disorders.
📉 CoachCare, a New York-based remote patient monitoring (RPM) and virtual care management company raised $48M from Integrity Growth Partners to remain founder-led while leveraging strategic support and resources.
📅 Economic Calendar
Euro Area GDP, US Fed Interest, Inflation Data + More
Tuesday, July 30th 2024
🇫🇷 France GDP Growth Data (Preliminary), Q2
🇩🇪 Germany GDP Growth Data Flash, Q2
🇮🇹 Italy GDP Growth Data, Q2
🇪🇦 Euro Area GDP Growth Data Flash, Q2
🇩🇪 Germany Inflation Data (Preliminary), July
🇺🇸 US JOLTs Job Openings, June
🇦🇺 Australia Monthly CPI Indicator, June
🇨🇳 China NBS Manufacturing PMI, July
Wednesday, July 31st 2024
🇯🇵 Japan BoJ Interest Rate Decision
🇯🇵 Japan Consumer Confidence Index, July
🇫🇷 France Inflation Data (Preliminary), July
🇪🇦 Euro Area Inflation Data Flash, July
🇮🇹 Italy Inflation Data (Preliminary), July
🇺🇸 US Fed Interest Rate Decision
🇦🇺 Australia Balance of Trade Data, June
🇨🇳 China Caixin Manufacturing PMI, July
Thursday, August 1st 2024
🇬🇧 BoE Interest Rate Decision
🇺🇸 ISM Manufacturing PMI, July
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
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