Upstream Bio, ein bisher privates Unternehmen aus dem Portfolio von HBM Healthcare Investments, legte laut Mitteilung einen erfolgreichen Start an der Nasdaq. Das Unternehmen nahm 255 Millionen Dollar an neuem Kapital auf. Der Aktienkurs stieg am ersten Handelstag fast 30 Prozent und so wird Upstream Bio schon mit 1.1 Milliarden Dollar bewertet.

Die Konsolidierung im Tessin schreibt ein weiteres Kapitel. Eine Familienbank im Lugano expandiert seit geraumer Zeit in grossen Schritten.

The official theme song of the Kamala Harris presidential campaign is “Freedom” by Beyonce. But a more accurate theme would be the Rolling Stones classic, Under my Thumb. Vice President Harris is seeking the presidency as the greatest champion of freedom in modern times. But Kamala-style freedom will only unleash the government, not private citizens.The original Bill of Rights created a row of bulwarks for citizens to prevent government oppression. In the era of the...

Die Kapitalerhöhung des Immobilienfonds SF Retail Properties Fund ist laut Mitteilung erfolgreich verlaufen. Die Bezugsrechte wurden vollumfänglich ausgeübt. Durch die Emission fliessen dem Fonds Neugelder in der Höhe von 56,2 Millionen zu.

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Die Kantone haben in den vergangenen Wochen ihre Budgets für 2025 vorgelegt. Die Situation präsentiert sich sehr unterschiedlich. Das grösste Defizit weist der Kanton Waadt auf, mit einem Minus von 303 Millionen Franken.

Cries of “Trump is Hitler!” and attempted assassinations have dominated coverage of the upcoming presidential elections. This deprives an intriguing issue of attention. An August 24th New York Times article by culture columnist Claire Cain Miller states the issue: “In some ways, this presidential election has become a referendum on gender roles.” Gender gaps between how men and women vote are not new. But “it is now close to, or certainly in the ballpark of, the...

[This article is adapted from Murray Rothbard’s 1977 keynote address to the Libertarian Party.]I used to think that adopting the victory of liberty as the overriding goal must be almost self-evident to all libertarians — until I began to find those who turned pale and fled when the word “victory” was mentioned. For there are all too many libertarians who apparently believe that the point of the whole enterprise is not triumph in the real world, but all sorts of other...

As we enter the final quarter of 2024, there are a lot of questions facing investors. There are, of course, always a lot of questions because investors are always dealing with the future, but today’s environment does seems to have more than usual. Some of these questions concern short-term considerations and while they are important, it is more important to remain focused on the long-term trends. Here’s what I’m thinking about lately: Let’s get the one everyone is...

Die Anleger in China zeigten sich uneins über den Umfang der am Wochenende von der Regierung in Peking angekündigten Konjunkturmassnahmen, die zwar weitreichend, im Detail aber vage blieben. Immobilienaktien profitierten von den in Aussicht gestellten Hilfen für den krisengebautelten Sektor. Insgesamt war die Reaktion der Märkte jedoch verhalten. «Die meisten inländischen Investoren halten Pekings Entscheidung, die Schulden der Lokalregierungen und des Immobiliensektors mit Geldern der...