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Alphabet is making three big changes in how it reports earnings on Monday

“When Alphabet posts its first quarter results on Monday, investors should be prepared to see three changes to how it reports its earnings” writes unknown author for cnbc.com. The changes, which Alphabet announced earlier this month, will likely lead to a decrease in revenue in Alphabet’s “Other Bets” category and more volatility for its “other income and expenses,” while also providing a new way to measure the success of its ads on third-party websites. Source: cnbc.com Share This:

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Biogen boosts investment in neurology with $1 billion Ionis deal

“(Reuters) – U.S. drugmaker Biogen Inc rolled out part of its $37 billion investment warchest on Friday, signing a $1 billion deal that seeks to expand on the strength of an existing partnership with Ionis Pharmaceuticals Inc” reports businessinsider.com. The deal with Ionis adds to previous investments in brain disorder drugs, including a deal with Pfizer Inc that could near $600 million.The deal, which comes ahead of Biogen’s first-quarter earnings report on Tuesday, includes a $625 million equity investment in Ionis and a $375 million upfront payment to the smaller…

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News Platforms 

Alibaba invests $717.2M in e-commerce platform Huitongda, which serves rural Chinese consumers, as Alibaba seeks to expand sales outside major cities

“As e-commerce sales to city dweller approaches saturation, Internet companies are turning to the almost 600 million Chinese who live in rural area for growth” reports chinamoneynetwork.com. China’s e-commerce giant Alibaba Group Holding will invest RMB4.5 billion (US$717.2 million) in Huitongda Network Co., an e-commerce platform serving rural consumers, in a bid to expand its sales outside major cities. Source: chinamoneynetwork.com Share This:

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Retired? You may feel young, but your investments should reflect your age

“Suddenly, at age 76, he had a stroke; his wife took care of him for 8 years during which time no one attended to the investment portfolio” writes Melody Juge for marketwatch.com. Risk tolerance is a key factor in successful self-investing and applies in today’s investment environment more than ever, especially for those over age 60. 3.When you are 42 it is not a usual thought to be concerned about who will take over your investment portfolio should you be unable to continue.Timely decision making, as it relates to the…

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VCs hold contest for best augmented reality pitch

“Twenty-seven venture capital funds and investors are uniting to hold the Global AR Online Pitch Event, a contest aimed at identifying stellar augmented reality startups” writes Dean Takahashi for venturebeat.com. Gree’s investment fund, dubbed the GFR Fund, organized the event with Super Ventures and the Venture Reality Fund.Eight startups will be selected as finalists to present at the online pitch event, which will take place live before investors.The deadline for contest entries is April 23, and contestants will submit their entries online to an audience of accredited global AR investors…

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Venture capital firm Fort Ross aims to bring more U.S. startups to Russia

“Fort Ross Ventures announced its new venture fund on Thursday” writes Midwest Communications Inc for 95kqds.com. In 2017, a year after Fort Ross’s investment, Uber agreed to sell its operations to the local competitor, Yandex. SAN FRANCISCO (Reuters) – A venture capital firm aiming to bring more U.S. startups to Russia has raised a $200 million fund, hoping to use the fresh pool of money to help Silicon Valley companies deliver their services to Russia’s biggest corporations and its millions of internet-connected consumers.Fort Ross has offices in Silicon Valley, Israel…

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AI-Powered Drug Developer Hits $2 Billion Valuation, Plans Hires

“Mulvany said Benevolent AI algorithms identified five compounds that it believed would help treat ALS and that had not been used in any existing drugs” writes unknown author for bloomberg.com. The company is currently working to create a drug to treat motor neuron disease based on the fifth compound.”We want to own the whole process from target identification to chemistry through clinical and pre-clinical development to marketing,” Mulvany said.In February, the company acquired a drug development lab in Cambridge for an undisclosed amount.One of the compounds didn’t work and three…

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News Oil 

Exclusive: Brazil’s Petrobras near deal with China’s CNPC to swap refinery investment for oil

“The Comperj deal would not be the first in which Petrobras offered oil to attract Chinese funding” writes Midwest Communications Inc for 95kqds.com. CNPC and Petrobras signed a memorandum of understanding last year to reach a strategic partnership in oil exploration and production.CNPC has already partnered with Petrobras in the Libra field of the Santos basin, one of the largest discoveries in Brazil’s prolific pre-salt oil area.The second source said talks with the Chinese intensified recently and a deal could be only a few weeks away. Source: 95kqds.com Share This:

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News Stocks 

Spotify Listed on the New York Stock Exchange

“As of April 3, Swedish music streaming service Spotify is finally trading on the New York Stock Exchange under the ticker symbol SPOT. Spotify, unlike most other companies, did a direct listing, meaning that its shares are now available without any underwriting from investment banks” writes Please Enter Your for ucsb.edu. Not only did it list directly, but also Spotify sold company shares owned by others and it live-streamed the investment presentation to the public instead of giving access only to Wall Street analysts.For the time being, stock and finance…

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A new satellite project to livestream the Earth says it’s backed by SoftBank, Airbus and Bill Gates

“The EarthNow investment round comes amid broader excitement about the space industry in private markets” writes unknown author for cnbc.com. Representatives of SoftBank and Bill Gates did not immediately respond to a request to confirm the investment, but Airbus confirmed its role in the round.Satellites have become a cornerstone of SoftBank’s flush Vision Fund, beginning with a 2016 investment in OneWeb, which also backs EarthNow. Source: cnbc.com Share This:

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