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Tesla's Event-Filled Shareholder Meeting, Toyota On Damage-Control Mode, Lucid Comes Up Short, Romeo Finds Suitor And More: Week's Biggest EV Stories

Benzinga

Most electric vehicle stocks finished the week ending Aug. Stocks were reacting mostly to earnings news flow, tax credit proposals that are being discussed as part of a broader bill, and M&A news flow. As expected, shareholders approved splitting the shares in the ratio of 3:1.

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Redx and Jounce Announce Recommended Business Combination

Benzinga

Chief Executive Officer and President of Jounce Therapeutics commented: "I am very proud of the work we have achieved at Jounce and today's news is testament to the accomplishments of our team's efforts. This announcement follows the earlier news 1 that Jounce plans to reduce its workforce by approximately 57%.

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Tesla's Trillion Dollar Moment: A Valuation Revisit!

Musings on Markets

While these valuations led me to different assessments of value, there were common themes across time: At its core, Tesla has been an automobile company : In my 2016 post on Tesla , I described it as the ultimate story stock, driven less by news about its most recent financial performance, and more by news that alters its story trajectory.

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Convertible Arbitrage Hedge Funds: The Perfect Combination of Investment Banking and Sales & Trading?

Brian DeChesare

Convertible Arbitrage Definition: Convertible arbitrage is a relative value strategy in which a hedge fund profits based on the pricing discrepancy between a company’s convertible bonds and its underlying stock; the fund exploits changes in volatility, credit quality, and interest rates to make money while minimizing overall market risk.

Banking 67
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Tesla in November 2023 : Story twists and turns, with value consequences!

Musings on Markets

I was planning to start this post by telling you that Tesla was back in the news, but that would be misleading, since Tesla never leaves the news. Some of that attention comes from the company's products and innovations, but much of it comes from having Elon Musk as a CEO, a man who makes himself the center of every news cycle.

Start-ups 114
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Managing across the Corporate Life Cycle: CEOs and Stock Prices!

Musings on Markets

One of the big news stories of last week was Jack Dorsey stepping down as CEO of Twitter, and the market's response to that news was to push up Twitter's stock price by almost 10%. 2150, was close to my value, the stock price collapsed in the days after to less than ? 1400 and has languished at about ? 1700 since.

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The Daily Biotech Pulse: AstraZeneca Goes Shopping, TYME Technologies & Syros Pharma Merger, FDA Clears Vertex Pharma's Stem Cell-Based Diabetes Therapy Study

Benzinga

Here's a roundup of top developments in the biotech space over the last 24 hours: Stocks In Focus. AstraZeneca Strengthens Its Hematological Cancer Pipeline With TeneoTwo Acquisition.