Sunday, 24 Nov 2024

BridgeBio boosts shares to be sold in IPO by 33%

Man arrested over woman’s death in Dublin

A man in his 30s has been arrested following the death of a woman in Dublin.

The woman, also in her 30s, was injured in an apartment in the Bonham Street area, Dublin 8, on Wednesday night at about 03:40 BST.

She was pronounced dead after being taken to St. James’s Hospital.

Gardaí (Irish police) have confirmed the man is being held at Kevin Street Garda station over the incident.

The scene remains closed off.

Iraqi PM denies allegations attack drones targeting Saudi pipeline took off from Iraq

Iraq’s prime minister is denying allegations that drones which targeted Saudi oil pipelines last month could have taken off from Iraq, rather than Yemen.

The attack — claimed by Yemen’s Iranian-backed Houthi rebels who are at war with Saudi Arabia — was part of a series of incidents that escalated tensions in the Persian Gulf amid a crisis between Washington and Tehran.

Prime Minister Adel Abdul-Mahdi told reporters in Baghdad late on Tuesday that American officials contacted the Iraqis recently, alleging the drones may have taken off from Iraq.

He said Iraqi military and intelligence haven’t confirmed such claims.

The May 14 attack on a Saudi pipeline forced a brief shutdown but caused no casualties.

Iraq hosts more than 5,000 U.S. troops, and is also home to powerful Iranian-backed militias.

Eli Lilly: FDA Grants Fast Track Designation To Empagliflozin – Quick Facts

Boehringer Ingelheim and Eli Lilly and Company (LLY) said the FDA has granted Fast Track designation to empagliflozin for the ongoing EMPEROR program, which will evaluate the effect of the tablet on cardiovascular death and hospitalization for heart failure in adults with chronic heart failure with reduced or preserved ejection fraction. The EMPEROR phase III studies are part of the empagliflozin chronic heart failure program.

Empagliflozin is marketed as Jardiance in the U.S. Jardiance is a registered trademark of Boehringer Ingelheim.

German Football Club Spielvereinigung Unterhaching Reveals IPO Plans

German football club Spielvereinigung Unterhaching Wednesday said it has increased its equity by around 4 million euros in a financing round with various investors.

The club further announced plans to go public on the Munich Stock Exchange in the summer of 2019. With the move, the club aims to create a solid financial foundation for its structural and sporting development.

The issue will be accompanied by Portfolio Control GmbH.

Spielvereinigung Unterhaching said it is securing its budget for the next three seasons. The club would be debt-free, and could continue to invest in the junior performance centre and the “Sportpark Unterhaching” stadium.

The traditional Munich club founded in 1925 said it could consistently pursue its medium-term goal of promotion to the 2nd Bundesliga. The club noted that the economic gap between the 3rd league and the 2nd Bundesliga is very large. Spielvereinigung Unterhaching expects to be able to achieve a considerable annual surplus in the 2nd Bundesliga.

Managing Director Manfred Schwabl said, “The IPO is attractive for investors and for us. We will be able to plan financially for the coming years. We can further develop our nfrastructure and management in a targeted manner and prepare for sustainable success in the 2nd Bundesliga. Without debt or dependence on a patron.”

US election 2020: Democratic candidates kick off campaigning

The Democrats are preparing for the 2020 US presidential election, drumming up support and defining their messaging.

    US President Donald Trump has already kicked off his re-election campaign for the 2020 presidential election.

    Now the Democrats are kicking off their campaign efforts, mobilising support and defining their messaging.

    This week 20 candidates will lay out their policies during televised debates.

     

    Al Jazeera’s Andy Gallacher reports from Miami, Florida

    DR Congo attacks: Struggle to get aid to those in need

    Aid arrives in Uganda for people fleeing fighting in the DRC with nothing but their lives.

      International food aid has begun arriving in Uganda for refugees who have been forced from their homes by fighting in the eastern Democratic Republic of the Congo.

      Aid workers are struggling to reach tens of thousands of others trapped in areas where militias have been attacking villages.

      Fighting in the last three weeks has killed hundreds of people and left hundreds of thousands displaced.

      Al Jazeera’s Catherine Soi reports from neighbouring Uganda, where many have fled.

      BridgeBio boosts shares to be sold in IPO by 33%

      BridgeBio Pharma LLC BBIO, +0.00% increased the number of shares it will be offering in its initial public offering by 33% to 20 million from 15 million, according to a filing with the Securities and Exchange Commission on Wednesday. The number of shares to be outstanding after the IPO increased to 120 million shares from 115 million. The expected pricing of the IPO remains at $14 to $16 a share, so the drug discovery company will now be looking to raise up $320 million and will be valued at about $1.92 billion, before the lead underwriters exercise any options to buy up to 3 million additional shares. The company said its stock has been approved to list on the Nasdaq under the ticker symbol "BBIO." The company increased its share offering at a time the Renaissance IPO ETF IPO, -2.35% has gained 1.8% over the past three months and the S&P 500 SPX, -0.95% has tacked on 3.5%.

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