This gives the company the go-ahead to conduct a Phase 2 study on adult patients, an important next step in the development of the drug. “But for too long, the narrative has excluded Black and Latinx communities and the ways in which this debt has exacerbated deeply entrenched racial and economic inequities in our nation. The acquisition of Varian Medical Systems by Siemens Healthineers AG for $16.4 billion or $177.50 per share in cash. Siemens Healthineers agreed to buy Varian Medical Systems for about $16.4 billion in cash in the biggest medical acquisition of the year. The stock recently traded at 38 times estimated earnings, compared with a multiple of 18 for the S&P 500 Health Care Index. ... the environment, this is, for example, antitrust. Antitrust & Competition ... L.L.C. International players have shown increasing interest in HCLS — … Can I buy a home right before retirement? The Stock Could Go to Zero. Antitrust Counseling on Competitor Collaborations and Price Gouging during COVID-19. Investors Have Shunned Utilities Despite Their Steady Dividends. German healthcare group Siemens Healthineers has offered concessions in a bid to secure EU antitrust approval for its $16.... Siemens Healthineers offers concessions on Varian deal to secure EU green light Siemens Healthineers expects its industry-leading $16.4 billion acquisition of Varian Medical to close in the first half of 2021. To this end, Raja rates CNSP a Buy, and his $10 price target implies room for a stunning 350% upside potential in the next 12 months. This number included one patient who showed a ‘Durable Complete Response,’ defined as a demonstrated lack of detectable cancer. Based on the potential of the company’s asset in glioblastoma, and with its share price at $2.22, several analysts believe that now is the time to buy. Siemens Healthineers, which spun off from German parent company Siemens in 2018, is set to acquire U.S. rival Varian for $16.4 billion in what is one of the largest M&A deals of the year to date. Electric Aircraft Startup Archer to Go Public at Multibillion Dollar Valuation via SPAC – Sources, Lawmakers Call On Biden To Cancel $50,000 Of Student Debt Immediately, These Stocks Could Soar As The U.S.-China Electric Vehicle War Heats Up. In this way, assets would flow into the ETF, but volumes associated with the transaction would not show up on the exchange.The latest data show a similar trade also cycled through BlackRock’s $251 billion iShares Core S&P 500 ETF (IVV) this week. Worldwide, Varian has 50 percent and Siemens has 35 percent. Connect with friends faster than ever with the new Facebook app. It said that the acquisition is expected to close in the first half of 2021, and requires the approval of regulators and Varian shareholders. And there’s very little that you can garnish a social security check for, but right now there are over 100,000 Americans whose social security checks are garnished to pay student loan debt.” Student debt is also notoriously difficult to discharge even in bankruptcy, due to an exemption in personal bankruptcy law passed in the 1970s. “Canceling student loan debt would help close the Black-white wealth gap by 28 points,” she continued, saying that the wealth gap between whites and Latinx people would narrow by a similar amount. Dealreporter, 08.17.2020. “A disproportionate burden of student debt falls on people of color,” said Schumer. Varian Associates Inc. filed a lawsuit against Applied Materials Inc., accusing the largest maker of semiconductor-production equipment of antitrust violations. These cancers, while rare, are almost always terminal, and CNS is working a new therapy designed to more effectively cross the blood-brain barrier to attack glioblastoma. Here Are 6 to Consider for Yield. BERLIN - German health group Siemens Healthineers said on Sunday it would acquire Varian Medical Systems Inc in a deal that values the U.S. maker of devices and software for cancer treatments at $16.4 billion. (To watch Jallah’s track record, click here) Other analysts are on the same page. It set a Feb. 19 deadline for its ruling during the preliminary review. They are the consequences of generations of systemic racism, discrimination, and what I call policy violence that has systemically denied Black and Latinx families the opportunity to build wealth, forcing our families to take on greater rates of student debt for the chance at the same degree as our white counterparts.” “Take the 2008 financial crisis for example, when lawmakers bailed out Wall Street and abandoned Black and brown communities who lost everything,” she continued. The company supplies informatics software for managing comprehensive cancer clinics, radiotherapy centers and medical oncology practices. Siemens Healthineers, in which industrial conglomerate Siemens holds a majority stake, said it will buy all shares in Varian Medical Systems, Inc. for $177.50 per share in cash. “Until now, the inability of anthracyclines to cross the blood brain barrier prevented its use for treatment of brain cancers. In a three-part series, “Mastering Your Money,” MarketWatch editors and reporters speak with panelists to help people get a handle on their finances. The next two sessions, held on Feb. 10 and Feb. 17, will include sessions about taxes, insurance, estate planning and retirement savings. The Index has seen more turmoil than usual recently, with the exit of Lufthansa AG after 32 years, and Commerzbank AG. Omar, who has student loan debt herself, mentioned that the problem doesn’t just affect young Americans. Oktober 2020, 23:59 ET, erfüllt wurde. Siemens Healthineers has offered concessions in an effort to secure EU antitrust approval for its $16.4 billion acquisition of Varian Medical Systems, as reported Fidelity on Monday. Also announced recently, is that data from aTyr's Pulmonary Sarcoidosis program, will be reported in 3Q21… the success of either of these studies could result in a doubling or more of the market cap as these opportunities appear to barely be accounted for by investors.” In line with his optimistic approach, Jallah gives LIFE shares a Buy rating and his $15 price target suggests an impressive 277% potential upside for the coming year. See how your 401(k) savings stacks up against your peers. The deal will be financed with debt and equity and will close in the first half of 2021. “It won’t be a short-term topic, but one we can look at next year,” Schmitz said. TC Energy Corp.’s Keystone XL would ship more than 800,000 barrels a day of crude from Alberta’s oil sands to U.S. refineries.The project’s demise prompted TC Energy to let go of about 1,000 union workers on both sides of the border.Biden’s Keystone XL Cutoff Shocks Town Where Population DoubledAfter the U.S. president’s decision on his first day in office, Kenney said that Alberta would consider legal action and urged Canadian Prime Minister Justin Trudeau to impose trade sanctions if the Biden administration didn’t negotiate.In 2016, TC Energy sought $15 billion in compensation under Nafta after President Barack Obama rejected the project the previous year on environmental grounds, but the case was dropped after President Donald Trump approved the project early in his term. “This is the moment of reckoning, and the president must heed our calls,” said Pressley. The deal would give Healthineers a sizable market share in the rapidly growing field of cancer treatment where it has little presence currently. Though lawmakers say they have spoken with Biden at length on the matter, there isn’t yet a firm timeline on when debt cancellation could happen — whether in a few weeks or a few months. Atlantic American stock rockets nearly four-fold toward 34-year high, with no news released. Does the 4% rule work? Its acquisition of Varian Medical Systems for $16.4bn in cash is the biggest healthcare deal of 2020, and a bold move at a time of investor apprehension about procedure volumes in the near future. Bharat, in return, will be eligible for 55% of U.S. sales’ profits, with Ocugen retaining the other 45%. For more articles like this, please visit us at bloomberg.com, Like us on Facebook to see similar stories, CDC director says guidance on reopening schools to be released in the coming week, Maryland’s first coronavirus mass testing location morphs into vaccination site. Siemens Healthineers agreed to buy Varian Medical Systems for about US$16.4 billion in cash in the biggest medical acquisition of the year, reported Bloomberg. I mean this is a very, very complementary portfolio. The company’s shares are little changed this year, compared with a 3.4% advance in the S&P health index, leaving Varian with a market value of about $13 billion. The two will work together on COVAXIN, Bharat’s Covid-19 vaccine, for the U.S. market. Respected economists were quick to point out the lack of demand for money relative to rapidly expanding supply, slack in the lockdown economy, and prevailing expectations for deflation based on recent history. Siemens Healthineers AG (Siemens Healthineers) entered into an agreement to acquire Varian Medical Systems, Inc. (Varian), a global leader in cancer care. The company also expects full-year earnings per share of between 1.54 euro and 1.62 euro, compared with 1.57 euro last year. Revenue in the third quarter was 3.31 billion euros while earnings before interest and taxes reached 461 million euros, the company said Sunday. CPI - August 3, 2020. It just got it all back and more.The $194 billion Vanguard S&P 500 ETF (ticker VOO) added $8.7 billion on a single day this week, about two months after that record withdrawal. “We believe we have a very strong case for damages, and we’ll be continuing to work with TC Energy on that.”The pipeline cancellation dealt another blow to an oil-dependent province that was already reeling from two crude-market crashes since 2014. The implication for investors? The company supplies informatics software for managing comprehensive cancer clinics, radiotherapy centers and medical oncology practices. Siemens Healthineers has thereby successfully completed a step in the financing of the Varian acquisition with a mix of debt and equity as announced on August 2, 2020. Varian recently traded at 38 times estimated earnings, compared with a multiple of 18 for the S&P 500 Health Care index. Palo Alto, CA 94304 . The second half of the year saw continued deal activity in HCLS, including Siemens Healthineers US$16.4 billion acquisition of Varian and the sale of German-Spanish pharmaceutical producer Neuraxpharm. The deal was approved by Varian shareholders on Oct. 15 and gained U.S. antitrust approval a week later. The purchase will bring together two partners that have collaborated for more than a decade in areas such as radiotherapy diagnostics for cancer treatments. Healthineers will finance the acquisition through a 15.2 billion-euro ($17.9 billion) bridge loan from Siemens AG, followed by a capital increase this year that the parent company will not participate in. “Therefore,” the analyst summed up, “We believe COVAXIN has the potential to deliver significant upside in the next 6-12 months.” As a result, Ramakanth upgraded Ocugen’s rating from Neutral (i.e. Bloomberg was first to report the offer on Saturday. (To watch Ramakanth’s track record, click here) Ramakanth’s colleagues back up his call, as all 3 other recent Ocugen reviews say Buy. The share placement represents the largest ABB transaction ever executed by a German company outside the banking sector and the largest ABB transaction executed so far worldwide in 2020. The Atlanta-based insurance holding company's stock, up 272% in afternoon trading, was the biggest gainer trading on major U.S. exchanges. The Dow Jones Industrial Average rallied 100 points as Johnson & Johnson rose on vaccine news and the Senate approved a relief package. Covering LIFE for Roth Capital, 5-star analyst Zegbeh Jallah noted, “We like the risk profile here, with two shots on goal, and updated data details from the COVID study is expected in the coming months. Overall, of the patients dosed in this manner, 83% saw recovery in less than one week. While the new Biden Administration is busy reversing many Trump policies, at least for now the economy is rebounding. Olivier N. Antoine is a partner in Crowell & Moring's Antitrust & Competition Group in the firm's New York office.. Olivier's practice involves antitrust counseling on a broad range of competition and antitrust law matters in the United States and abroad, with particular focus on mergers, acquisitions, and joint ventures, as well as U.S. and international monopolization and cartel matters. “Compared to COVID-19 vaccines currently authorized under EUA, COVAXIN could induce more broad immunity targeting multiple viral proteins, potentially resulting in better protection against emerging mutant viruses, such as the UK and South African variants,” the 5-star analyst noted. Results of the current study are expected in 3Q21, and will inform further trials of ATYR1923, including against other forms of inflammatory lung disease. Under the agreed transaction, Siemens Healthineers will acquire all shares in Varian for $177.50 each in cash, representing a 24% premium to the U.S. company's closing price on Friday. “And I know how young people struggle to pay this debt. Deal Updates: On July 25, 2020, Tiffany received an additional regulatory approval necessary for the completion of its proposed acquisition by LVMH Moët Hennessy-Louis Vuitton. Rep. Pressley called the resolution a chance for Biden to “be bold and responsive to the movement that elected him.” “Let me be clear — the student debt crisis has always been a racial and economic justice issue,” she said. Currently, the federal minimum wage remains at $7.25 per hour, established back in 2009. Antitrust Mix by CPI. Varian has entered into a definitive agreement to combine with Siemens Healthineers. Hold) to Buy with a $4.5 price target. If the vaccine is granted an EUA, Bharat anticipates supplying the U.S. market’s initial COVAXIN doses. Zoom Video: Short Interest Falls Amid Cash Raise; Is Acquisition Coming? The combination of Varian and Siemens Healthineers is nothing left but a leap in ... the environment, this is, for example, antitrust. Siemens Healthineers, the 2018 medical spinoff from Siemens, announced on August 1, 2020 the acquisition of Varian Medical Technologies Inc. of Palo Alto, California for an astounding $16.4 billion. By John Jannarone and Jarrett Banks Electric aircraft startup Archer Aviation Inc. plans to go public by merging with a special purpose acquisition company, or SPAC, in a deal that will give the company a multibillion dollar valuation, according to people familiar with the matter. Like what you see? Not content with being the largest group in medical imaging, Siemens Healthineers is now on course to become the leader in radiotherapy, too. “I’m a former college professor of 40 years,” she said. Siemens Healthineers To Buy Varian Medical Systems For $16.4B. Germany-based Siemens Healthineers says it will buy U.S. cancer therapy and research company Varian Medical Systems in a deal worth around $16.4 billion By … (See OCGN stock analysis on TipRanks) To find good ideas for healthcare stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. How about some more R29 goodness, right here?Why Are People Upset About Canceling Student Debt?Real People On Having Student Debt During COVID-19Biden Is Making Sweeping Changes To Minimum Wage. Siemens Healthineers, the 2018 medical spinoff from Siemens, announced on August 1, 2020 the acquisition of Varian Medical Technologies Inc. of Palo Alto, California for an astounding $16.4 billion. The personal finance guru says plan now for the new $1,400 payment that may be coming. 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