The USD/JPY gained downward momentum after the U.S. Federal Reserve's FOMC Statement, indicating a change in monetary policy. Interest rate cuts are now expected in spring 2024. The currency pair is currently trading near 141.800, testing values last seen in late July. Traders should be cautious as conditions remain volatile. Breaking below 143.000 and sustaining values below would signify further downward momentum. Support levels to watch are 142.000, 141.500, and 141.000.
Hmmm.... interestingly #AndyBurnham has decided to reduce emissions in #Manchester by using a carrot not a stick.... out goes the plan for a clean air charging zone, to be replaced by major investment in #pubictransport to encourage people out of their (commuter) cars.
It'll be interesting to see how this plays out, as many cities have plans for new zones to cut emissions.... if Burnham's pivot gets results, might we see a ramping up of #investment in (and subsides for) public transport?
According to CB Insights, venture investments in A.I. are declining each quarter in 2023, with the number of venture deals reaching a low level not seen since 2017.
Biden Wants to Make This Big Change to #IRA Rollovers
“President #Biden spoke… on what the White House has called a crackdown on “junk fees” in retirement planning. Such fees chip away at account balances over time, leading to lifetime savings that are up to 20% less than if advisors were held to the highest standards.”
Antibody/Gene Therapy Biotech Gains $138 Million in Early Funds
A developer of synthetic antibodies for neurodegenerative disorders delivered like gene therapies is raising €129 million ($US 138 million) in its first venture funding round.
Life Science Incubator Gains $100M in Start-Up Funds
A new-business accelerator program, begun earlier this year to advance and commercialize biomedical research discoveries from academic labs, is receiving a $100 million founding grant.
The province has increased the capacity of the #Alberta#Indigenous Opportunities Corporation, taking the amount available for loan guarantees for #investment in projects in the #naturalresources industry and other sectors to $3 billion.
The bump signals to companies planning “monumental transactions” that Alberta is “committed” to support such projects long term.
The province wants #Canada to set up a similar program for Trans Mountain equity.
A life science venture investor is merging two of its biotechnology portfolio companies to form a single developer of nanoscale medications with programmable properties.
Venture investments in U.S. life science and biotechnology start-ups in the third quarter of 2023 rose from the previous two quarters to reach pre-pandemic levels.
#ClimateDiary There is no question that #COP28 will be the most important yet. The #GlobalStocktake will be the “biggest accountability moment in history”, and on its basis leaders will need to make crucial key decisions about fiscal and policy commitments. With less than two months to go, we need to all be as well informed as possible and put pressure on leaders as much as we can. I thought I would start a 🧵that I will keep going in the run up 1/n
Hard as it may be to believe, since April SSE's #windfarms have been under-performning by around a fifth in the #energy fed into the national grid.
The claim is that 'adverse weather conditions' reduced their ability to generate #windpower... by which I assume they mean not windy enough?
Of course, we cannot know how realistic or otherwise their projections were (they may have been hyped for #investment purposes?), but as a #cyclist in the NW, let me tell you its been windy enough here!
An alliance of academic labs and venture investors is starting a new research enterprise to speed development of treatments for rare diseases in the U.S. and U.K.
With a tenth of the population and workforce, they think they are owed half the country’s CPP. This should be a last straw insult. Canada should have its own referendum on kicking Alberta out, land-lock them, stop subsidies and payments, impose its own charges for anything flowing out, sue for all damages from excessive emissions and say good riddance.
The method is: if the #province had not joined #CPP, but instead maintained its own plan (like Quebec), had exactly the same #contributions as it did with CPP, got the same rate of return on #investment as CPP, minus everything paid out of CPP? The reports actually went further and discounted the value of those payouts to get the lower number, even though it's not in the formula.
@cazabon a different interpretation suggests 16% is more realistic, including the potential risks involved. This one doesn’t include trying to take advantage of the rest of Canada.