By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
DRI Healthcare bets $316M on Parkinson's drug royalty, pending FDA approval
DRI Healthcare Trust has agreed to pay $316 million for a share of future US sales of tavapadon, an experimental Parkinson's treatment. The
JPMorgan and Qatar's sovereign fund plan $20 billion investing partnership
JPMorgan and Qatar's sovereign wealth fund have agreed to a $20 billion investing partnership covering public and private markets in equitie
Saudi stocks slip as Hormuz shipping traffic drops sharply
Saudi Arabia's Tadawul index closed 0.63% lower as vessel traffic through the Strait of Hormuz fell from 37 to 17 ships in a week. Brent cru
Oura's IPO targets $15.6B valuation as smart ring maker tests IPO market
Oura, known for its health-tracking smart rings, is heading to the Nasdaq under the ticker OURA. The company seeks a $15.62 billion valuatio
Priority Technology CEO-led group offers $8.05 per share in $1.6B buyout
Priority Technology announced a CEO-led investor group's $1.6 billion buyout offer at $8.05 per share, a 38% premium. The deal would take th
ADARx aims for $1.74B valuation in Nasdaq IPO with AbbVie backing
ADARx Pharmaceuticals, a San Diego biotech developing RNA-based medicines, is aiming for a valuation of up to $1.74 billion in its Nasdaq IP
Asian stocks climb as Xi's US visit and falling oil lift sentiment
Hong Kong and Shanghai stocks gained while Brent crude slid 2.5% after state media said Xi Jinping will visit the US from Sept. 23-25. Inves
Emerging market stocks rise 1.45% as oil slips and AI leads
Emerging-market stocks rose 1.45% Monday as oil prices slipped on possible US-Iran talks, while currencies stayed flat. Tech-heavy Asian mar
Softcat's GDT deal opens a route into the US market
Softcat's purchase of US IT services firm GDT could give the UK company a foothold in the world's largest tech market. Berenberg raised its
Bechtle's margin roadmap keeps Berenberg's buy rating and €40 target intact
Bechtle's capital markets day centered on a margin roadmap rather than a 2030 revenue target. Berenberg kept its buy rating and €40 price ta
Singapore shares edge up as unemployment dips to 1.9%
Singapore's Straits Times Index closed 0.3% higher as oil price jitters cooled. A drop in unemployment to 1.9% in Q2 2026 added to the posit
Anthropic weighs new AI model launch ahead of IPO as OpenAI gains ground
Amazon-backed Anthropic is weighing a new AI model launch ahead of its planned IPO, after Reuters reported pressure from OpenAI's GPT-6 Astr