BlackRock's Michael Gates recommends a modest 1-2% Bitcoin allocation in investment portfolios, viewing it as a complementary diversifier alongside traditional assets. Meanwhile, BlackRock's Robbie Mitchnick attributes Bitcoin's recent underperformance to a capital rotation toward artificial intelligence investments, which are drawing more investor interest than cryptocurrencies and other assets. Despite current outflows from Bitcoin and Ethereum ETFs, Mitchnick believes this trend is temporary and macroeconomic factors could improve Bitcoin's outlook. BlackRock also launched the iShares Bitcoin Premium Income ETF, combining Bitcoin exposure with a covered-call strategy to provide monthly option premiums to investors.
Mesoblast Limited has drawn $50 million from a new five-year loan facility provided by a shareholder, replacing higher-cost short-term debt. This move strengthens Mesoblast's balance sheet by lowering interest costs and removing short-term obligation...
HUTCHMED announced positive Phase II trial results for fanregratinib in treating advanced intrahepatic cholangiocarcinoma (ICC) with FGFR2 fusion/rearrangement. The study showed a 42.5% objective response rate and median overall survival of 16.6 mont...
Western Union and Intermex announced that regulatory approvals for Western Union's acquisition of Intermex have been received from 51 U.S. states and international jurisdictions, with only one U.S. state, New York, pending approval. Both companies ar...
Modern Therapy Group has introduced a virtual intensive outpatient program (IOP) designed for adults dealing with depression, anxiety, trauma, and other mental health issues. This program offers structured, clinician-led treatment five days a week vi...
Taysha Gene Therapies announced a public offering of 32.5 million common shares at $6.00 each and pre-funded warrants for 833,333 shares at nearly $6.00 each, aiming to raise about $200 million before expenses. The offering includes a 30-day option f...
