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How To Play The Bezos vs. Musk Space Feud

On September 1, 2016, Elon Musk’s Falcon 9 rocket burst into flames under mysterious circumstances.
Musk called it “the most difficult and complex failure we had in 14 years,” and it triggered an internal investigation into what caused the massive…

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On September 1, 2016, Elon Musk’s Falcon 9 rocket burst into flames under mysterious circumstances.

Musk called it “the most difficult and complex failure we had in 14 years,” and it triggered an internal investigation into what caused the massive explosion.

Elon Musk even went as far as to have his team shoot a rifle at his own rockets to determine whether a SpaceX competitor like Amazon founder, Jeff Bezos, may have sabotaged this critical launch.

The investigation revealed that Bezos didn’t play a hand in the explosion, but it was instead traced back to a failure related to an increasingly rare substance.

While this rare gas nearly unleashed a storm between the world’s richest men 5 years ago…

A global shortage now threatens Bezos, Musk, and every other Big Tech giant today.

This element is critical to the success of Elon Musk and his SpaceX rockets.

In fact, it’s estimated that just one space rocket launch alone uses up to $12 million worth of this substance.

But it stretches far beyond just space travel.

The rare gas touches every single corner of the tech landscape, even playing into the global chip shortage which has captured headlines more and more over the last year

 

That’s because it’s needed to create the tiny computer chips we find in every electronic device.

That includes everything from smart toasters to important medical equipment like MRIs and pacemakers.

It even powers the internet itself through the production of the fiber optic cables we need in order to build the information superhighway.

A shortage of this gas could soon threaten the entire tech industry, as demand has spiked for helium at a time when the largest supplier just pulled its name from the race.

The New York Times recently reported, “The global helium shortage is real.”

And the BBC reported, “The prices just keep going up and up.”

That’s one reason why Avanti Energy Inc. (TSX:AVN.V; OTCMKTS:ARGYF) a small helium exploration company, has seen shares jump for 249% gains since just the beginning of the year.

With a 12-month target price at $3.80, analysts at Beacon Securities have been predicting this could be just the start though as they are now preparing to break ground on the most exciting point in their upcoming project.

Now, the race is on as Avanti just signed the contract to begin drilling, scheduled to start just weeks from now in early December.

From 30 Top Prospects to the #1 Play

Avanti Energy’s (TSX:AVN.V; OTCMKTS:ARGYF) team has been hard at work in preparation, reviewing over 30 properties on their quest to find the next big helium discovery.

After narrowing that down to the 10 biggest opportunities, they moved to acquire the Greater Knappen project just a few months back.


Avanti’s Greater Knappen project spans ~69,000 acres, straddling the border of northern Montana and southern Alberta.

The team has already identified 10 structures for possible drill targets, and early estimates put the undiscovered, unrisked resource potential under the surface at between 1.4 billion and 8.9 billion cubic feet of helium.

To put that into context, if Avanti scaled up to 5 billion cubic feet, the net present value (NPV10) at the property would work out to about $1 billion.

That’s incredible upside potential for a company sitting at a market cap of around $70 million at the moment.

Those familiar with the space, already know how easy it is for exploration companies to report on potential alone.

But in Avanti Energy’s (TSX:AVN.V; OTCMKTS:ARGYF) case, a competitor located less than 10 km north of the property helps give us a glimpse into what could lie in store starting next month.

Avanti’s competitor is currently producing up to 55,000 cubic feet of helium per day.

To do the math, 55,000 cubic feet per day at $150/1,000 cubic feet adds up to roughly $3 million per year.

If they could keep producing at that rate for 5 years at its peak, and even continue to produce another 10 years at a lesser rate, that would put potential revenue in the tens of millions.

If this holds true for Avanti, they could produce those kinds of potential profits in a single zone.

Those kinds of returns are simply unheard of at a time when the helium shortage has sent prices soaring.

The Billion Dollar Team Flocks to a New Up-and-Comer

With the potential being proved up just 10 km away from their property, the real reason for excitement comes from examining the team behind Avanti Energy (TSX:AVN.V; OTCMKTS:ARGYF) itself.

For starters, the team’s pedigree stems back to the $10 billion oil and gas giant, Encana (now Ovintiv).

CEO, Chris Bakker, and VP of Subsurface, Genga Nadaraju, were both instrumental in identifying and developing a multi-billion dollar project there in the Montney Formation.

Plus, add to that the two geologists joining Avanti with an additional 50+ years of experience, and you’ve built a veritable dream team guiding the operations.

For those not familiar, the Montney Formation is North America’s largest natural gas play.

The natural gas from the property currently makes up 45% of Western Canada’s gas supply, according to analyst Wood Mackenzie, and that could rise to an estimated 65% by 2030.

The Montney has seen at least 9 major deals worth roughly C$2.3 billion in the past year.

Take that back to the past 15 years since beginning development, and that number quickly moves into the tens of billions.

With Avanti’s CEO, VP of Subsurface, and two geologists being critical pieces of developing a multi-billion project, that’s brought about an obvious question.

Why did a team with a multi-billion-dollar track record and decades of experience leave the oil and gas giant to join this small company with a market cap of about $70 million?

It’s hard to be sure, but that could help explain why analysts at Beacon Securities set their 12-month target price for Avanti at $3.80.

From current prices of under $1.50 per share, there could be even more potential if they make a discovery at Greater Knappen that’s even a small percentage of the size of the Montney.

Finding a team with their level of experience and success is extremely rare, and that gives good reason to be excited about the prospect that Avanti may be onto something major here.

What Comes Next?

As excitement has continued building in recent months, Avanti is now within weeks of breaking ground on the ~69,000 acres in Greater Knappen.

They have their sights set on drilling up to 6 wells between December 2021 and May 2022.

 

Results from the first well are expected to come sometime early in the New Year.

As Avanti Energy plans to continue drilling another well each month through the spring, that spells a flurry of activity and news coverage over at least the next 6 months.

However, that could be just the beginning as they’ve identified no fewer than 17 potential drill targets.

Now, as Avanti Energy Inc. (TSX:AVN.V; OTCMKTS:ARGYF) prepares to spud their first well in the coming weeks, eyes will be on them when they break ground amidst a helium shortage with implications for the biggest players in the tech world.

Other companies to watch capitalizing on the “new” resources:

As a global leader in hydrogen fuel cell technology, Ballard Power Systems (NASDAQ:BLPD) a Canadian company, with headquarters in Montreal is pushing for progress on the hydrogen car front. They design and manufacture fuel cell products that have helped make their mark across several industries including transportation where they are making strides towards greening our cities by helping reduce emissions from both private vehicles as well public transit buses to help save money at home or abroad!

In a recent release, the company stated, “In the starting phase of work under the framework agreement, a demonstration platform with a fuel cell powertrain solution will be co-developed, with Ballard providing the fuel cell subsystem and Linamar providing the rolling chassis, tanks, enclosures, cradles and other balance of plant. Following successful testing of the demonstration platform, Ballard and Linamar expect to form a joint venture”

For those looking for an alternative energy source, Enphase Energy (NASDAQ:ENPH has been leading the industry with its innovative power monitoring technology. The company was founded by four engineers from Silicon Valley who were trying to create a more efficient and affordable solar panel system that could be used by all sorts of people across America - not just techies like them! Nowadays they don't even need rooftops anymore: their products are tiny enough so you can put one on your desk at work or in any room as needed without blocking access points where other equipment might go

Enphase has remained a favorite on Wall Street throughout the year. Year-to-date, Enphase has seen its share price rise by leaps and bounds. And it’s only just getting started. As the renewable push kicks into high gear, and with the United States expected to spend over $1.7 trillion on green energy initiatives over the next decade, Enphase might just emerge as one of the biggest winners.

First Solar (NASDAQ:FSLR) a global renewable energy company headquartered in Tempe Arizona with over 27 years of experience and expertise designing photovoltaic products for residential use or large scale power plants, is now one of the most recognizable brands across all industries within their industry. The FirstSolar headquarters are where they manufacture thin-film modules made from cadmium telluride which can be used as an alternative to traditional silicon based cells on rooftops around America's cities allowing homeowners more options when it comes time to decide how much dough they want to put into solar panels themselves!

FirstSolar has been removed from Goldman Sachs; Conviction List mainly due to lower exposure to fast-growing solar markets in China, India, and Asia(75% of the company’s orders come from the United States). Others like Raymond James have moved to the sidelines on fears that First Solar might come under pressure if Biden repeals Section 201 tariffs that Trump placed on imported solar modules from China, while Morgan Stanley and J.P. Morgan have downgraded the stock after its recent run-up to multiyear highs.

DuPont Corporation (NYSE:DD)is a global science company with more than 60,000 employees. DuPont’s motto of “Better Living Through Chemistry” was applied to the development of products that help make agriculture sustainable and improve our daily lives. The company has introduced nylon, Lycra (spandex), Kevlar fiber, Tyvek home insulation and other new fibers as well as innovative solutions for existing materials such as color TV tubes, paints and coatings. DuPont developed some of the world's most important innovations in chemistry – like Teflon®, Corian® solid surfacing material, Kevlar®, Tyvek®, Nomex® protective clothing fabric and Sulfinol® fuel cells.

Over 20 years ago, DuPont was already knee-deep in the fuel cell game, forming an entire division dedicated to hydrogen fuel cell technology. Richard J. Angiullo, then-VP of DuPont Fluoroproducts explained, ``Increasing global energy requirements and the desire for new, alternative energy sources in many markets make fuel cells an exciting new growth opportunity for DuPont.” adding, “Fuel cells are a natural fit for DuPont technology and capabilities. More than 50 percent of a PEM fuel cell stack, the real transactional center of a fuel cell, can be made from DuPont materials.”

Bloom Energy (NYSE:BE) is a company that has been working on clean energy solutions for the world. The company was founded in 2001 and their mission statement is to "bring affordable, renewable power to homes and businesses everywhere." Their main product is called Bloom Box, which converts natural gas into electricity with a cleaner process than traditional methods. They have recently signed contracts with major companies such as Google, Wal-Mart, FedEx and Staples.

Bloom Energy's goal is to provide cheaper rates for both residential and commercial customers while also being environmentally friendly by using less fossil fuels. Their next steps are expanding globally so they can help as many people as possible get access to affordable power sources.

Another thing to consider in the fuel cell race is that Bloom Energy is targeting different markets than some of its competitors. They make large fuel cells for commercial buildings, whereas Plug and Ballard are mainly materials-handlers who supply forklifts, buses, trucks - similar vehicles with small transportation needs. This is key because it’s still a largely untapped market that Bloom can get in on early.

Even old-school fossil fuel producers are getting in on the clean energy race. Suncor (TSX:SU) might be known mostly for its oil production. But it’s one of the few majors really pushing the boundaries. In fact, it has pioneered a number of high-tech solutions for finding, pumping, storing, and delivering its resources. When the rebound in crude prices finally materializes, giants like Suncor are sure to do well out of it. While many of the oil majors have given up on oil sands production – those who focus on technological advancements in the area have a great long-term outlook. And that upside is further amplified by the fact that it is currently looking particularly under-valued compared to its peers.

Though that’s just one part of its business. Suncor is also a world leader in renewable energy innovations. Recently, the company invested $300 million in a wind farm located in Alberta. Additionally, as Canada moves away from oil, Suncor is well-positioned to take advantage of another one of the country’s resource reserves; Lithium. The best part? It doesn’t even have to move very far. In fact, Alberta’s oil sands are a major hotspot for lithium production.

As demand for energy continues to explode in a post-pandemic China, CNOOC Limited (TSX:CNU) will likely be one of the biggest winners in this boom. It’s the country’s most significant producer of offshore crude oil and natural gas and may well be one of the most controversial oil stocks for investors on the market. A label that has nothing to do with its operations, however.

Recently, U.S. regulators announced their intention to de-list Chinese companies from the New York Stock Exchange, going back on their announcement just a few days later. The sustained negative press surrounding Chinese companies, however, has put CNOOC in an uncomfortable position for investors. While many analysts see the company as significantly undervalued, it is still struggling to gain traction in U.S. markets. Though that could be changing as Biden works to ease tensions with China

The Descartes Systems Group Inc. (TSX:DSG) is a Canadian multinational technology company specializing in logistics software, supply chain management software, and cloud-based services for logistics businesses. Recently, Descartes announced that it has successfully deployed its advanced capacity matching solution, Descartes MacroPoint Capacity Matching. The solution provides greater visibility and transparency within their network of carriers and brokers. This move could solidify the company as a key player in transportation logistics which is essential-and-often-overlooked in the mitigation of rising carbon emissions.

Mogo Finance Technology Inc. (TSX:MOGO) is a new spin on unsecured credit, which is a burgeoning sub-segment of FinTech. Providing loan management, the ability to track spending, stress-free mortgages, and even credit score tracking, Mogo is at the forefront of an online movement to assist users with their financial needs.

Mogo’s software analyzes borrowers instantly and greatly reduces the traditionally cumbersome underwriting process for loans. It’s online only, so there’s very low overhead and a ton of cash to spend on marketing. Labeled as “the Uber of finance” by CNBC, Mogo is definitely turning heads. With increasing membership growth and revenue lines continuing to improve, and a platform which many banks have failed to offer, Mogo could well become an acquisition target in the near future.

Canada’s renewable energy push is gaining speed, as well. Boralex Inc. (TSX:BLX) is one of Canada’s premier renewable energy firms. It played a major role in kickstarting the country’s domestic renewable boom. The company’s main renewable energies are produced through wind, hydroelectric, thermal and solar sources and help power the homes of many people across Canada and other parts of the world, including the United States, France and the United Kingdom.

** IMPORTANT NOTICE AND DISCLAIMER -- PLEASE READ CAREFULLY! **

PAID ADVERTISEMENT. This article is a paid advertisement. OpeningTrades.com and its owners, managers, employees, and assigns (collectively “the Publisher”) is often paid by one or more of the profiled companies or a third party to disseminate these types of communications. In this case, the Publisher has been compensated by Avanti Energy Inc. (“Avanti” or “AVN”) to conduct investor awareness advertising and marketing. Avanti paid the Publisher to produce and disseminate five similar articles and additional banner ads at a rate of Twenty Eight thousand US dollars per article. This compensation should be viewed as a major conflict with our ability to be unbiased.

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This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position. The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser. This communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results. This communication is based on information generally available to the public and on interviews with company management, and does not (to the Publisher’s knowledge, as confirmed by Avanti) contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher cannot guarantee the accuracy or completeness of the information.

SHARE OWNERSHIP. The Publisher owns shares and / or options of the featured company and therefore has an additional incentive to see the featured company’s stock perform well. The Publisher does not undertake any obligation to notify the market when it decides to buy or sell shares of the issuer in the market. The Publisher will be buying and selling shares of the featured company for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.

FORWARD LOOKING STATEMENTS. This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that prices for helium will significantly increase due to global demand and use in a wide array of industries (including key technology sectors) and that helium will retain its value in the future due to the demand increases and overall shortage of supply; that the Avanti team will be able to develop and implement helium exploration models, including their own proprietary models, that may result in successful exploration and development efforts; that historical geological information and estimations will prove to be accurate or at least very indicative of helium; that high helium content targets exist in the Alberta and both Montana projects; and that Avanti will be able to carry out its business plans, including timing for drilling and exploration. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that demand for helium is not as great as expected; that alternative commodities or compounds are used in applications which currently use helium, thus reducing the need for helium in the future; the degree of success of the coming drilling campaign; the accuracy of the initial estimates of helium on the land; the commercial viability of any obtainable helium, the ability to get any helium obtained to market; the accuracy of the production timeline estimates; that the Avanti team may be unable to develop any helium exploration models, including proprietary models, which allow successful exploration efforts on any of the Company’s current or future projects; that Avanti may not be able to finance its intended drilling programs to explore for helium or may otherwise not raise sufficient funds to carry out its business plans; that geological interpretations and technological results based on current data may change with more detailed information, analysis or testing; and that despite promise, there may be no commercially viable helium or other resources on any of Avanti’s properties. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

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Spread & Containment

A dog has caught monkeypox from one of its owners, highlighting risk of the virus infecting pets and wild animals

The monkeypox virus can easily spread between humans and animals. A veterinary virologist explains how the virus could go from people to wild animals in…

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A dog in Paris has become the first case of a pet contracting monkeypox from its owners. Cavan Images via Getty Images

A dog in Paris has caught monkeypox from one of its owners, both of whom were infected with the virus, according to a scientific paper published on Aug. 10, 2022. This is the first case of a dog contracting the monkeypox virus through direct contact with skin lesions on a human.

I am a veterinary pathologist and virologist who has been working with poxviruses for over 20 years. I study how these viruses evade the immune system and am working on modifying poxviruses to prevent infection as well as treat other diseases, including cancer.

With monkeypox spreading in humans throughout the world, my colleagues and I have begun to worry about the increased risk of monkeypox spreading from humans to animals. If monkeypox spreads to wildlife species in the U.S. and Europe, the virus could become endemic in these places – where it has historically been absent – resulting in more frequent outbreaks. The report of the infected dog shows that there is a decent chance these fears could become a reality.

A microscope image of a bunch blue circles in a brown-colored cell.
The monkeypox virus – the blue circles in this image of an infected cell – is a poxvirus similar to smallpox and cowpox and can easily infect many different species. NIAID/Wikimedia Commons, CC BY

A species-jumping virus

Monkeypox is a poxvirus in the same family as variola – the virus that causes smallpox – and cowpox viruses and likely evolved in animals before jumping to humans. Monkeypox causes painful lesions in both humans and animals and, in rare cases, can be deadly. Researchers have found the monkeypox virus in several species of wild rodents, squirrels and primates in Africa, where the virus is endemic. Monkeypox does not need to mutate or evolve at all to be able to infect many different species. It can easily spread from animals to people and back again.

Though there is a fair bit of research on monkeypox, a lot more work has been done on cowpox, a similar zoonotic poxvirus that is endemic in Europe. Over the years, there have been several reports of cowpox infection spreading from animals to humans in Europe.

From people to animals

Until recently, most monkeypox infections occurred in specific areas of Africa where some wildlife species act as reservoirs for the virus. These outbreaks are usually contained quickly through isolation of infected individuals and vaccinating people around the infected individual. The current situation is very different though.

With nearly 40,000 cases globally as of Aug. 17, 2022 – and more than 12,500 cases in the U.S. alone – monkeypox is now widespread within the human population. The risk of any one person transmitting the virus to an animal – particularly a wild one – is small, but the more people are infected, the greater the chances. It’s a numbers game.

There are a number of ways viruses can transfer from animals to people – called spillover – and from people back to animals – called spillback. Since monkeypox is most easily spread through direct skin-to-skin contact, it is a bit more difficult to transmit between species than COVID-19, but certainly possible.

The case of the dog in Paris provides a clear example of how cuddling or being close to a pet can spread the virus. Previous studies on poxviruses like monkeypox have shown that they can stay active in fecal matter. This means that there is a risk of wild animals, likely rodents, catching it from human waste.

A grey rat.
There are a number of species that host monkeypox in Africa – like this gambian rat. Monkeypox can spread from humans to many other animals, including dogs and likely cats and other species of rodents. Louisvarley/Wikimedia Commons, CC BY-SA

The monkeypox virus is also present in saliva. While more research needs to be done, it is potentially possible that an infected person could discard food that would then be eaten by a rodent.

The chances of any one of these events happening is extremely low. But I and other virologists worry that with more people becoming infected, there is a greater risk that rodents or other animals will come into contact with urine, feces or saliva that is contaminated with the virus.

Finally, there is the risk of people giving monkeypox to a pet, which then passes it on to other animals. One case study in Germany described an outbreak of cowpox that was caused when someone took an infected cat to a veterinary clinic and four other cats were subsequently infected. It is feasible that an infected household pet could spread the virus to wild animals somehow.

How to help

One of the key reasons that the World Health Organization was able to eradicate smallpox is that it only infects people, so there were no animal reservoirs that could re-introduce the virus to human populations.

Monkeypox is zoonotic and already has several animal reservoirs, though these are currently limited to Africa. But if monkeypox escapes into wild animal populations in the U.S., Europe or other locations, there will be always be potential for animals to spread it back to humans. With this in mind, there are a number of things people can do to reduce the risks with regard to animals.

As with any infectious disease, be informed about the signs and symptoms of monkeypox and how it is transmitted. If you suspect you have the virus, contact a doctor and isolate from other people.

As a veterinarian, I strongly encourage anyone with monkeypox to protect your pets. The case in Paris shows that dogs can get infected from contact with their owners, and it is likely that many other species, including cats, are susceptible, too. If you have monkeypox, try to have other people take care of your animals for as long as lesions are present. And if you think your pet has a monkeypox infection, be sure to contact a veterinarian so they can test the lesion and provide care when needed.

Even though monkeypox has been declared a public health emergency, it is unlikely to directly affect most people. Taking precautionary steps can protect you and your pets and will hopefully prevent monkeypox from getting into wildlife in the U.S., too.

Amy Macneill does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

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International

A-levels: A grades are up compared to pre-pandemic results

The pandemic has has a serious impact on school pupils – but a record number have applied to university.

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Fewer students are getting their first choice of university than in 2021. Monkey Business Images/Shutterstock

The 2022 A-level results are in, and the number of students receiving A or A* grades has fallen – down by 8.4% on 2021.

For the first time since 2019, A-level results are being decided by formal exams. Students were warned that grades were likely to be lower than in 2020 and 2021, when cancelled exams and teacher assessments in A-levels led to record high results. Nevertheless, the proportion of students receiving A grades is up from pre-pandemic levels in 2019.

A busy end to the admissions round is under way for universities and students, and the next steps for students still living with the impact of the pandemic are becoming clearer.

In 2021, some universities were over subscribed and had to offer significant incentives for students to defer their places. While the number of students in 2022 accepted on a UK university course – 425,830 – is higher than in 2019 and the second highest on record, it is 2% lower than in 2021. Just a few days before the results were out, thousands of students did not yet hold an offer of an university place.

Over the past two years, students studying qualifications, whether BTEC, T-level or A-level, have had to cope with the consequences of the pandemic for a significant proportion of their course. This has included school closures and remote lessons, social isolation, illness and increased levels of mental stress.

Highest number of applications

Nevertheless, 2022 has seen the highest ever numbers of applications to higher education, with 44% of 18 year olds applying. This number includes record numbers of students from areas of the country with historically low participation in higher education. It demonstrates that many young people believe higher education can make a difference to their future opportunities.

For the lucky ones who get the grades to gain a place at their first choice of university, planning for their degree course starts right away. A record number of Scottish students have already been accepted to their first choice of university.

The best advice for those students who don’t receive confirmation that they have been accepted by their first choice university is to ring the university, who will have staff on hand to explore their options.

For students who haven’t got a university place, it is still possible to explore options though clearing – which allows students without offers to find places on university courses that haven’t been fully subscribed. Students in this position should try to keep calm, write down their options and avoid quick decisions.

For those young people who do go to university, there will be challenges. With the cost of living for all rising rapidly, people on a lower income – as many students are – will feel the pinch of higher bills for food or rent.

Support from universities

The pandemic saw a serious and concerning rise in mental health issues affecting young people. Universities need to be ready to give holistic support to students as they transition into university and settle into undergraduate life. This means support for academic transition needs to be delivered in the context of good available support for mental health and wellbeing.

However, Universities UK, an advocacy groups for universities, has recently pointed out the wide range of benefits for those who study for a degree, including the £9,500 more per year on average graduates in England earn compared with non-graduates. It also draws attention to the value of degrees to improve the life chances of young people, to build skills and to contribute to society.

For many young people, getting a degree gives them access to a vocation such as teaching or working as a health professional. For others it is a path to travel and adventure. For many, the university journey is a place where young people find their tribe and begin to understand their identity.

For the class of 22, making it to university might mean life-changing opportunities. Given the challenges and restrictions of the last few years, this has never been more important.

Helena Gillespie receives funding from the European Union.

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Government

Pfizer Inc (NYSE: PFE) To Acquire Global Blood Therapeutics For $5 Billion

According to sources familiar with the matter, the Wall Street Journal reported that Pfizer Inc (NYSE: PFE) was in advanced discussions to acquire pharmaceutical…

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According to sources familiar with the matter, the Wall Street Journal reported that Pfizer Inc (NYSE: PFE) was in advanced discussions to acquire pharmaceutical company Global Blood Therapeutics (NASDAQ: GBT) for $5 billion.

Pfizer, too, acquired Global Blood Therapeutics 

Pfizer wants to close a deal soon, but there are still other interested parties, according to the article.

Global Blood Therapeutics, which manufactures Oxbryta, the blood disorder medication, saw its shares jump 44%  on Friday afternoon to a two-year high. As of Thursday’s closing, the company’s market cap was $3.12 billion.

A spokesman for Global Blood stated the company does not “comment on market rumors or speculation,” while Pfizer declined to respond on the matter.

With plenty of cash left over after selling its COVID-19 vaccine, New York-based Pfizer is searching for deals that may generate billions of dollars annual sales by 2030.

Its $11.6 billion acquisition of migraine medication manufacturer Biohaven Pharmaceutical Holding (NASDAQ: BHVN) in May was the most recent in a series of purchases that also included Trillium Therapeutics and Arena Pharmaceuticals in recent years.

Oxbryta received approval last year for sickle cell disease management 

In 2019, the US government approved Global Blood’s Oxbryta to manage sickle cell disease in individuals aged 12 and over. The oral medication was approved in December 2021 to treat the illness in younger children. The drug’s sales increased by almost 50% to $194.7 million in 2021.

After a gloomy start to the calendar year, when a lack of significant purchases and clinical-stage treatment failures lowered investor morale and restricted funding, the biotech dealmaking pace has recently picked up again.

Also, Amgen Inc (NASDAQ: AMGN) also decided to purchase ChemoCentryx Inc on Thursday for $3.7 billion to obtain access to a possible breakthrough medication for inflammatory illnesses. AstraZeneca’s $39 billion acquisition of Alexion Pharmaceuticals in 2020 has put the realm of immune diseases in the limelight. The deal, which was announced before trading opened, will also give the corporation control of at least two investigational immune disorders medicines.

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The post Pfizer Inc (NYSE: PFE) To Acquire Global Blood Therapeutics For $5 Billion appeared first on Wall Street PR.

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