Pfizer Follows Lilly With Site Selling Directly to Patients

Aug 27, 2024 | Markets

While lawmakers assail drug prices, Pfizer embraces its brand Company struggles with post-Covid lull, bridge to new drugs Struggling with plunging demand for its Covid products, Pfizer Inc. has a new plan to reach potential customers: Using telehealth to sell drugs...

US Home-Price Gains Outpace Inflation With 5.4% Annual Increase

Aug 27, 2024 | Markets

Listings are ticking up but affordability remains an obstacle In June, New York prices rose fastest, followed by San Diego Home-price gains in the U.S. slowed in June as buyers pulled back from the market while listings started to climb. A national measure of prices...

Not Just ‘Bottom-Feeders’: Aimco Sees Boom in Private Equity Secondary Deals

Aug 27, 2024 | Markets, Private Markets

‘Discounts are starting to stabilize,’ CIO Puffer says PJT forecasts secondaries may hit record $145 billion in 2024 Smaller investors are beginning to test the secondary market for private equity holdings, providing greater stability to pricing, according to...

PDD’s $55 Billion Stock Crash Sends Warning on China Economy

Aug 27, 2024 | Markets

PDD’s stock plunges 29% after a disappointing sales outlook Beijing has been struggling with slowing economic growth One of the last remaining bright spots for Chinese consumption is rapidly fading, as the nation’s economic malaise takes a toll on demand for even the...

Hedge Fund Arbitrage Tactic Sees Payoff in PDD’s Record Plunge

Aug 27, 2024 | Markets

Strategy involves buying convertibles and selling shares short Gains on short position more than offset drop in bond price PDD Holdings Inc.’s record stock slide delivered gains to a popular hedge-fund strategy that seizes on the disconnect between the stock and...