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๐Ÿ“– Publishers Index Rises 21%. $25M+ VC Funding.

Impact Capital Markets #126 looks at our Publishers Stock Index, major impact deals, M&A, and upcoming economic releases.

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๐Ÿ“ˆ Today's Global Economic Update: The annual inflation rate in France decreased to 2.1% in June 2024, the lowest since August 2021, from 2.3% in May, driven by lower increases in food and energy prices. The data comes as financial markets have seen volatility due to the ongoing French elections.

๐Ÿงฌ Deal of the Day: Waypoint Bio, a New York-based cell therapy company, raised a $14.5M Seed to advance product development.

What's New?

๐Ÿ“– Publishers. Publishers index rises 21%
๐Ÿ’ฐ Funding. Cell therapy, healthcare workflow management, and bio startups
๐Ÿ’ผ M&A. Elara caring acquires caregivers home health
๐Ÿ“… Economics. US inflation, Euro Area inflation, balance of trade + more

๐Ÿ“– Publishers Index Rises 21%

HolonIQโ€™s Publisher index has experienced a 21% rise over the past year. The industry's recovery from COVID-era challenges driven by the shift towards digitalization, has increased sales of ebooks and online subscriptions. AI adaptations by firms have significantly impacted the index, with investors expressing mixed views about these changes. Pearson ($8B MCap) announced that it will expand its generative AI study tools into their ebooks & learning platforms for university students internationally. Informaโ€™s ($14B MCap) stock prices increased alongside a deal with Microsoft to provide data access to improve the tech company's AI capabilities. Both Pearson & Informa expanded its share buyback programs supported by strong financial performance.

AI poses significant challenges for smaller publishing companies and individual publishers, with content creators increasingly worried about copyright protection. The incorporation of AI into Google's search features, Microsoft's Copilot, and OpenAI offers users direct answers to queries rather than directing them to original content. As a result, paid subscription numbers are declining, significantly affecting publishing company sales. Given the mixed market sentiment and the rising demand for study materials fueled by advancements in EdTech, the index is expected to grow, though it's likely to experience periods of volatile movements.

๐Ÿ’ฐ Funding

๐Ÿงฌ Waypoint Bio, a New York-based cell therapy company, raised a $14.5M Seed from Hummingbird Ventures to advance product development.

๐Ÿฉบ Synthpop, a New York-based AI-driven healthcare workflow platform, raised a $5.6M Seed to hire additional engineers and enhance software development.

๐Ÿ’ก Helical, a Luxembourg-based AI-for-bio startup, raised $2.4M to build an open-source platform for large language models trained on DNA and RNA data.

๐Ÿ’ผ M&A

๐Ÿ  Elara Caring, a Texas-based multi-state home health provider, acquired Caregivers Home Health, a Virginia-based home health services company.

๐Ÿ“… Economic Calendar

US Inflation, Euro Area Inflation, Balance of Trade + More

Monday, July 1st 2024

๐Ÿ‡ฉ๐Ÿ‡ช Germany Inflation Data (Preliminary), June
๐Ÿ‡บ๐Ÿ‡ธ US ISM Manufacturing PMI, June

Tuesday, July 2nd 2024

๐Ÿ‡ช๐Ÿ‡ฆ Euro Area Inflation Data, June
๐Ÿ‡บ๐Ÿ‡ธ US JOLTs Job Openings Data, May

Wednesday, July 3rd 2024

๐Ÿ‡จ๐Ÿ‡ฆ Canada Balance of Trade, May
๐Ÿ‡บ๐Ÿ‡ธ US ISM Services PMI, June
๐Ÿ‡ฆ๐Ÿ‡บ Australia Balance of Trade, May

Friday, July 5th 2024

๐Ÿ‡จ๐Ÿ‡ฆ Canada Employment Data, June
๐Ÿ‡บ๐Ÿ‡ธ US Employment Data, June
๐Ÿ‡จ๐Ÿ‡ฆ Canada Ivey PMI s.a, June

Monday, July 8th 2024

๐Ÿ‡ฉ๐Ÿ‡ช Germany Balance of Trade, May
๐Ÿ‡ฆ๐Ÿ‡บ Australia Westpac Consumer Confidence Change, July
๐Ÿ‡ฆ๐Ÿ‡บ Australia WNAB Business Confidence Index, June

Tuesday, July 9th 2024

๐Ÿ‡จ๐Ÿ‡ณ China Inflation Data, June

Thursday, July 11th 2024

๐Ÿ‡ฌ๐Ÿ‡ง UK GDP Data, May
๐Ÿ‡บ๐Ÿ‡ธ US Core Inflation Data, June
๐Ÿ‡บ๐Ÿ‡ธ US Inflation Data, June

Friday, July 5th 2024

๐Ÿ‡บ๐Ÿ‡ธ US PPI Data, June
๐Ÿ‡บ๐Ÿ‡ธ US Michigan Consumer Sentiment (Preliminary), July
๐Ÿ‡จ๐Ÿ‡ณ China Balance of Trade, June


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