Oklahoma reached a $250M settlement with AmerisourceBergen (ABC), McKesson (MCK) and Cardinal (CAH) to resolve claims that the drug distributors fueled the opioid crisis."Money…
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Oklahoma Attorney General John O’Connor said on Monday his state reached a $250 million settlement with Amerisource Bergen Corp, Cardinal Health Inc and McKesson Corp to resolve allegations the drug distributors contributed to the opioid epidemic in the state. (Reporting by Tom Hals in Wilmington, Delaware)
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We''ve reached the tail end of earnings season. However, there are still a handful of notable stragglers left to report – including memory chipmaker Micron Technology ( MU , $58.71), slated on the earnings calendar to unveil its fiscal third-quarter results after the June 30 close. Micron, like so many of its fellow semiconductor stocks , has struggled on the charts in the first half of 2022, down 37% for the year-to-date. SEE MORE The 15 Best Stocks to Buy for the Rest of 2022 Still, MU remains a "top pick in semis" for UBS Global Research analyst Timothy Arcuri (Buy). "Amid macro concerns, we believe investors continue to overlook several key factors," Arcuri says. The analyst points to lower supply amid raw material shortages and a delay in equipment lead times, as well as demand that will be buoyed by a ramp up in new cloud server platforms in 2023. Arcuri says MU also remains the leader in NAND. "Given all of these industry and MU-specific factors, we expect MU''s [earnings per share] EPS to hold up very well," he adds.
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AmerisourceBergen (NYSE: ABC ) has outperformed the market over the past 10 years by 2.86% on an annualized basis producing an average annual return of 14.13%. Currently, AmerisourceBergen has a market capitalization of $30.43 billion. Buying $1000 In ABC: If an … Full story available on Benzinga.com
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AmerisourceBergen is one of the big three distributors of pharmaceuticals in the United States. Read more to see why ABC stock is good to be on your watch list.
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AmerisourceBergen (NYSE: ABC ) has outperformed the market over the past 20 years by 3.28% on an annualized basis producing an average annual return of 10.4%. Currently, AmerisourceBergen has a market capitalization of $30.65 billion. Buying $100 In ABC: If an … Full story available on Benzinga.com
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Let''s check the charts and indicators….ABC
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Upgrades According to Jefferies, the prior rating for Arch Resources Inc (NYSE: ARCH ) was changed from Hold to Buy. In the first quarter, Arch Resources showed an EPS of $13.08, compared to $0.40 from the year-ago quarter. The current stock performance of Arch Resources shows a 52-week-high of $183.53 and a 52-week-low of $49.55. Moreover, at the end of the last trading period, the closing price was at $159.85. According to Jefferies, the prior rating for BHP Group Ltd (NYSE: BHP ) was changed from Hold to Buy. NoneAt the moment, the stock has a 52-week-high of $80.50 and a 52-week-low of $51.88. BHP Group closed at $66.78 at the end of the last trading period. Evercore ISI Group upgraded the previous rating for Exxon Mobil Corp (NYSE: XOM ) from In-Line to Outperform. For the first quarter, Exxon Mobil had an EPS of $2.07, compared to year-ago quarter EPS of $0.65. The stock has a 52-week-high of $99.78 and a 52-week-low of $52.10. At the end of the last trading period, Exxon Mobil closed at $98.84.
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AmerisourceBergen Corporation found using ticker (ABC) have now 11 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 187 and 155 with a mean TP of 171.09. Now with the previous closing price of 148.21 this indicates there is a potential upside of 15.4%. The 50 day MA is 156.3 and the 200 moving average now moves to 135.96. The company has a market capitalisation of $30,797m. Visit the company website at: https://www.amerisourcebergen.com [stock_market_widget type="chart" template="basic" color="green" assets="ABC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $35,552m based on the market concensus. AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and alternate site pharmacies, and other customers.
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AmerisourceBergen Stock Slides Following Investor Day
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AmerisourceBergen (ABC) shares are down ~3% in Wednesday afternoon trading as the company provided future projections at its investors day.
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Ahead of its investor day on Wednesday, pharmaceutical distributor AmerisourceBergen (ABC) disclosed its plans to repurchase up to $1B of its outstanding shares of common stock.The…
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AmerisourceBergen Corp. said Wednesday that it set a new $1 billion stock repurchase program. That represents 3.1% of the pharmaceutical and health care products company''s market capitalization of $32.42 billion at Tuesday''s stock closing price. As of May 31, the company said it had $321 million remaining from the buyback program it set in May 2020. The company also reiterated its fiscal 2022 guidance for earnings per share of $10.80 to $11.05, which compares with the current FactSet consensus of $10.93. The stock, which is still inactive in premarket trading, has rallied 16.5% year to date, while the S&P 500 has declined 13.3%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Barclays has revised its ratings on medical distributors AmerisourceBergen (ABC) and Cardinal Health (CAH) with a focus on their exposure to specialty drug distribution
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Upgrades According to Citigroup, the prior rating for Hoegh LNG Partners LP (NYSE: HMLP ) was changed from Sell to Neutral. In the first quarter, Hoegh LNG Partners showed an EPS of $0.49, compared to $0.61 from the year-ago quarter. The stock has a 52-week-high of $18.17 and a 52-week-low of $3.77. At the end of the last trading period, Hoegh LNG Partners closed at $8.99. For Alignment Healthcare Inc (NASDAQ: ALHC ), B of A Securities upgraded the previous rating of Neutral to Buy. For the first quarter, Alignment Healthcare had an EPS of $0.23, compared to year-ago quarter EPS of $0.37. The stock has a 52-week-high of $27.92 and a 52-week-low of $6.14. At the end of the last trading period, Alignment Healthcare closed at $10.86. According to Evercore ISI Group, the prior rating for Canadian National Railway Co (NYSE: CNI ) was changed from In-Line to Outperform. Canadian National Railway earned $1.04 in the first quarter, compared to $0.97 in the year-ago quarter. The current stock performance of Canadian National Railway shows a 52-week-high of $137.19 and a 52-week-low of $100.66.
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At the close on the New York Stock Exchange, the Dow Jones fell 0.33% to hit a 52-week low, the S&P 500 index fell 0.13%, and the NASDAQ Composite index rose 0.06%. The leading performer among the components of the Dow Jones index today was Home Depot Inc, which gained 6.73 points (2.38%) to close at 289.69. Quotes of 3M Company rose by 3.18 points (2.17%), closing the auction at 149.59. Merck & Company Inc. rose 1.64 points or 1.84% to close at 90.83. The losers were Boeing Co shares, which fell 6.25 points or 4.83% to end the session at 123.14. American Express Company was up 3.84% or 6.12 points to close at 153.27, while Apple Inc was down 2.69% or 3.94 points to close at 142. 56. Leading gainers among the S&P 500 index components in today''s trading were Tapestry Inc, which rose 15.50% to 30.63, DISH Network Corporation, which gained 14.60% to close at 20.01, and shares of Etsy Inc, which rose 12.92% to end the session at 87.86. The losers were shares of Synchrony Financial, which fell 6.51% to close at 33.03.
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Dutch Bros BROS -39% on Q1 earnings release.Eargo (EAR) -24%.Beyond Meat BYND -28% on Q1 earnings release.Evaxion Biotech EVAX -17% on Q1 earnings release.Senseonics Holdings…
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On Thursday, 95 companies set new 52-week highs. Interesting Highlights From Today''s 52-Week Highs: The largest company by market cap to break to a new 52-week high was Chevron (NYSE: CVX ) . The smallest company by market cap to hit a new 52-week high was Center Coast Brookfield (NYSE: CEN ) . Indonesia Energy Corp (AMEX: INDO ) ''s stock made the biggest move upwards, moving 45.82% to reach a new 52-week high. Here are all the stocks that set new 52-week highs during the first half-hour of trading on Thursday: Chevron (NYSE: CVX ) shares hit a new 52-week high of $157.11. The stock traded up 1.21% on the session. Coca-Cola (NYSE: KO ) stock set a new 52-week high of $62.92 Thursday morning. Over the session, the stock traded up 0.4%. Union Pacific (NYSE: UNP ) stock on Thursday broke to a yearly high of $261.45. Shares traded up 3.43%. Altria Group (NYSE: MO ) shares hit a new 52-week high of $53.32. The stock traded up 0.37% on the session. Enbridge (NYSE: ENB ) shares hit a yearly high of $44.71.
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LAKE COUNTY, Calif. Lawsuits brought by thousands of state and local governments against the opioid industry could soon be settled, but Lake County officials dont yet know how the outcome will impact the effort to address the crisis at the local level. California Attorney General Rob Bonta on Wednesday announced the historic $26 billion settlement that officials said will help bring desperately needed relief to people in California and across the country who are struggling with opioid addiction. Nothing can undo the devastating loss of life caused by the opioid epidemic, or stop the grief it has caused for its victims and their families, but this proposed settlement represents one step in the process of healing our communities, said Attorney General Bonta. Along with our coalition partners, our office has worked to hold accountable bad actors who fueled this public health crisis including those who produced, distributed and marketed these dangerous drugs. The settlement includes Cardinal, McKesson and AmerisourceBergen the nations three major pharmaceutical distributors and Johnson & Johnson, a company that manufactured and marketed opioids.
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Video source: YouTube, CNBC Television By Nate Raymond A group of state attorneys general unveiled on Wednesday a landmark $26 billion settlement with large drug companies for allegedly fueling the deadly nationwide opioid epidemic, but the deal still requires support from thousands of local governments. Under the settlement proposal, the three largest U.S. drug distributors McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp are expected to pay a combined $21 billion, while drugmaker Johnson & Johnson would pay $5 billion. The money is expected to be used on addiction treatment, family support, education and other social programs. "There''s not enough money in the world, frankly, to address the pain and suffering," said Connecticut Attorney General William Tong, but added that the money will "help where help is needed." The deal represents the second-largest cash settlement ever, trailing only the $246 billion tobacco agreement in 1998. Attorneys general from 15 states were involved in negotiating the deal, as were lead lawyers for local governments.
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A group of state attorneys general unveiled on Wednesday a landmark $26 billion settlement with large drug companies for allegedly fueling the deadly nationwide opioid epidemic, but the deal still requires support from thousands of local governments. Under the settlement proposal, the three largest U.S. drug distributors McKesson Corp, Cardinal Health Inc and AmerisourceBergen []
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A group of state attorneys general unveiled on Wednesday a landmark, $26 billion settlement resolving claims that the three largest US drug distributors and drugmaker Johnson & Johnson helped fuel a deadly nationwide opioid epidemic. Under the settlement proposal, distributors McKesson, Cardinal Health and AmerisourceBergen are expected to pay a combined $21 billion, while Johnson
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(RTTNews) - A council of state attorneys general said on Wednesday that a landmark $26 billion settlement has been decided upon, thus settling claims that the three largest U.S. drug distributors, namely McKesson Corp. (MCK), Cardinal Health (CAH) and AmerisourceBergen (ABC) along with drug maker Johnson & Johnson (JNJ) were responsible for a
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Minnesotas share of a settlement with a settlement with major opioid manufacturer Johnson & Johnson and the nations three major pharmaceutical distributors Cardinal, McKesson and AmerisourceBergen could reach $337 million. Minnesota was among the states agreeing to the $26 billion settlement. Minnesota Attorney General Keith Ellison said the agreement will bring much-needed relief []
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Shares of Johnson & Johnson were up 0.3% in trading on Wednesday after a dozen or so state attorneys general announced an opioid settlement that requires J&J to pay $5 billion over nine years, including $3.7 billion in payments over the first three years. The company is also required to stop selling opioids for 10 years, and it cannot fund or provide grants to organizations that promote opioids or lobby on opioids during that time period. The agreement resolves around 4,000 opioid-related lawsuits in both federal and state courts. As part of the deal, which has been in the works for several years, AmerisourceBergen Corp. , Cardinal Health Inc. , and McKesson Corp. will pay $21 billion. J&J''s stock is up 7.4% so far this year, while the broader S&P 500 has gained 15.2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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AmerisourceBergen (NYSE: ABC), Cardinal Health (NYSE: CAH) and McKesson (NYSE: MCK) announced today that they have negotiated a comprehensive proposed settlement agreement which, if all conditions are satisfied, would result in the settlement of a substantial majority of opioid lawsuits filed by state and local governmental entities. While the companies strongly dispute the allegations made in
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AmerisourceBergen (ABC) shares soared 3.5% in the last trading session to close at $116.49. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stocks 3.5% loss over the past four weeks. AmerisourceBergen saw a strong price increase following the New York Attorney [] The post AmerisourceBergen (ABC) Soars 3.5%: Is Further Upside Left in the Stock? appeared first on UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News .
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NEW YORKThe three largest U.S. drug distributors agreed mid-trial to pay up to $1.18 billion to settle claims by New York state and two of its biggest counties over their role in the nationwide opioid epidemic, the states attorney general said on Tuesday. McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp settled as state attorneys []
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NEW YORK: The three largest U.S. drug distributors agreed mid-trial to pay up to $1.18 billion to settle claims by New York state and two of its biggest counties over their role in the nationwide opioid epidemic, the states attorney general said on Tuesday. McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp settled as state attorneys general prepare to announce as soon as this week a landmark $26 billion deal with the distributors and drugmaker Johnson & Johnson resolving cases nationwide. The deal with New York Attorney General Letitia James and the populous Long Island counties of Nassau and Suffolk came three weeks into the first jury trial accusing companies of profiting from a flood of addictive painkillers that devastated communities. While no amount of money will ever compensate for the millions of addictions, the hundreds of thousands of deaths, or the countless communities decimated by opioids, this money will be vital in preventing any future devastation, James said.
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Get Free Sample PDF (including full TOC, Tables and Figures) of Pharmacy Dispensing Machines Market: https://www.reportsnreports.com/contacts/requestsample.aspx?name=4533718 #Key Players- RMI Pharma Logistics ARxIUM ScriptPro McKesson Swisslog Omnicell Becton Dickinson AmerisourceBergen Cerner Corporation Willach Pharmacy Solutions MedAvail Technologies RxSafe Segment by Type Pharmaceutical []
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The three largest U.S. drug distributors agreed mid-trial to pay up to $1.18 billion to settle claims by New York state and two of its biggest counties over their role in the nationwide opioid epidemic, the states attorney general said on Tuesday. McKesson, Cardinal Health and AmerisourceBergen settled as state attorneys general prepare to announce
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New York reached a $1.1 billion settlement on Tuesday with three of the country''s largest drug distributors for their alleged role in the opioid epidemic, New York Attorney General Letitia James said. The big picture: The settlement comes as the three companies McKesson, Cardinal Health, and Amerisource Bergen as well as Johnson & Johnson near a $26 billion deal with states and municipalities that would settle thousands of lawsuits related to the opioid crisis, the New York Times reports . Tuesday''s agreement in New York is the only deal that has been formally settled to so far, per the Times. New York last month reached a separate $230 million settlement with Johnson & Johnson over its role in the opioid crisis. Driving the news: According to Tuesday''s settlement, the three distributors will spread their payments out over the next 17 years. The companies will also participate in a tracking system that is designed to control the amount of opioids sold and shipped to pharmacies across the country.
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The two health care leaders share a commitment to improving health outcomes through accreditation The two health care leaders share a commitment to improving health outcomes through accreditation
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McKesson Corporation (NYSE: MCK ), Cardinal Health Inc (NYSE: CAH ), and AmerisourceBergen Corp (NYSE: ABC ) have agreed to pay up to $1.179 billion to settle claims by New York state and two of its biggest counties over their role in the U.S. opioid Full story available on Benzinga.com
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New York''s attorney general has reached a $1.1 billion settlement with three of the nation''s largest drug distributors linked to their alleged role in the prescription opioid epidemic. "Over the course of these past two decades, McKesson, Cardinal Health, and Amerisource Bergen distributed these opioids without regard to the national crisis they were helping to fuel," New York Attorney General Letitia James said in a statement sent to NPR. The companies, which rank among the largest corporations in the U.S., will spread their payments out over the next 17 years. They will also admit no wrongdoing. This development came as the companies faced the prospect of a lengthy civil trial in New York. A separate trial against the drug distributors is underway in West Virginia, with closing arguments expected next week. As part of the New York settlement, the companies have agreed to take part in a new tracking system designed to better control the amount of opioids sold and shipped to pharmacies nationwide.
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(RTTNews) - AmerisourceBergen (ABC), Cardinal Health (CAH) and McKesson (MCK) agreed to pay up to $1.179 billion in a settlement with the State of New York and its participating subdivisions, including Nassau and Suffolk Counties, to settle opioid-related claims. The agreement calls for the three major drug distributors to pay the combined
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NEW YORK , July 20, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ABC, HCA, IBM, AMC, and AMZN. Full story available on Benzinga.com
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New York likely to announce $1 billion deal with AmerisourceBergen, Cardinal and McKesson on Tuesday
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U.S. states attorneys general are expected to conclude the $26B settlement with three drug distributors and Johnson & Johnson (NYSE: JNJ ) this week over several opioid-crisis lawsuits against them. What Happened: Drug distributors McKesson Corporation (NYSE: MCK ), AmerisourceBergen Corp (NYSE: ABC ), and Cardinal Health Inc (NYSE: CAH ), and JNJ have been negotiating the settlement for more than two years to Full story available on Benzinga.com
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Techstars has launched London, UK-based Launchpool Web3 Techstars Accelerator. The new program, which runs in partnership with Alphabit Fund, a regulated cryptocurrency and digital asset investment fund, and Launchpool, a regulatory compliant investment platform that offers private seed guaranteed investment opportunities to 35,000 members in its community, focuses on working with entrepreneurs to build blockchain [] The post Techstars Launches Blockchain-Focused Accelerator in London appeared first on FinSMEs .
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A new research document is added in HTF MI database of 144 pages, titled as ''Global Diagnostic Specialty Antibodies Market 2020-2027 by Type (Monoclonal, Polyclonal, Others), Application (Oncology, Hepatitis, Infectious, Dengue), End User (Hospitals, Diagnostic Labs), and Region: Trend Outlook
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Een langverwacht megaproces tegen de keten van bedrijven achter de opiatenepidemie in de Verenigde Staten, is dinsdag begonnen.Sinds 1999 zijn een half miljoen Amerikanen overleden aan hun verslaving aan pijnstillers. New YorkDe winsten schoten omhoog en onze gemeenschappen raakten verwoest, sprak advocaat Jayne Conroy in haar pleitrede. De eerste zitting van het megaproces had niet plaats in een rechtszaal, maar vanwege de hoge opkomst in een collegezaal van een rechtenopleiding in Long Island. De opiatenfabrikanten hadden een leger aan advocaten laten uitrukken. Juryleden luisterden aandachtig, mondkapjes op.De zaak is aangespannen door de staat New York en de districten Suffolk en Nassau. De makers van de medicijnen en de opiatenverslaafden leven in een parallel universum, vervolgde advocaat Conroy, namens Suffolk. De zeven verdachten zouden de pijnstillers (oxycodon, tramadol, morfine en fentanyl) zeer agressief op de markt hebben gebracht en tegen beter weten in consumenten hebben misleid, door te ontkennen hoe verslavend de pillen waren.
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Global venture fund network Techstars announced a new crypto- and blockchain-focused accelerator program yesterday, as per a release. The program will run in partnership with Alphabit Fund, the first regulated cryptocurrency and digital asset investment fund, and Launchpool, a regulatory compliant investment platform that offers private seed guaranteed investment opportunities to its 35,000 member community. The post Techstars signs on Alphabit and Launchpool to start a crypto accelerator in London appeared first on CryptoSlate .
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Zvikomborero Parafini, Court Reporter A BancABC relationship officer was yesterday dragged to court to answer to allegations of violating the Money Laundering and Proceeds of Crime Act. Primrose Tendai Nyamugara, 32, was not asked to plead when she appeared before Harare magistrate Dennis Mangosi who released her on $50 000 bail. Mangosi also ordered []
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LONDEN--(BUSINESS WIRE)--Techstars, het wereldwijde netwerk dat ondernemers helpt slagen, heeft vandaag een opwindend nieuw acceleratorprogramma aangekondigd. De Launchpool Web3 Techstars Accelerator richt zich op het werken met ondernemers om blockchain-technologie en tokenisatie protocollen te bouwen om de gedecentraliseerde toekomst van financiën te bereiken. Het programma loopt in samenwerking met Alphabit Fund, het eerste gereguleerde investeringsfonds voor cryptocurrency en digitale activ
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LONDON--(BUSINESS WIRE)-- #Alphabit--Techstars partners with Alphabit Fund and Launchpool to launch Launchpool Web3 Techstars Accelerator, a new blockchain-focused accelerator in London.
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LONDEN--(BUSINESS WIRE)--Techstars, het wereldwijde netwerk dat ondernemers helpt slagen, heeft vandaag een nieuw acceleratorprogramma aangekondigd, de Launchpool Web3 Techstars Accelerator. Het programma zal samenwerken met ondernemers die blockchain-technologie en tokenisatie protocollen bouwen die op weg zijn naar de gedecentraliseerde toekomst van financiën. Het programma zal worden uitgevoerd in samenwerking met Alphabit Fund, het eerste gereguleerd investeringsfonds voor cryptocurrency en
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Techstars announces a new accelerator program, the Launchpool Web3 Techstars Accelerator.
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AmerisourceBergen Corporation found using ticker (ABC) have now 13 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 156 and 114 with the average target price sitting at 131.85. Now with the previous closing price of 115.48 this indicates there is a potential upside of 14.2%. The 50 day MA is 117.6 while the 200 day moving average is 111.51. The market capitalisation for the company is $24,130m. You can visit the company''s website by visiting: /> [stock_market_widget type="chart" symbol="ABC" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, outsourced compounded sterile preparations, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers.
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New published report on worldwide Antibody Services Market analysis and Forecast from 2021 to 2026 delivering key insights and providing a competitive advantage to clients through an in depth report. Additionally, the report focuses on Antibody Services industry key players,
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Zimbabwe Shared Services (ZSS), is one of the countrys leading financial services provider. They offer services that range from e-banking solutions to cloud services. Basically, ZSS is a company that enables banks through providing technologies to meet customer needs and demands. ZSS, has in a statement, notified customers that a number of its services are [] The post ZSS outage affecting BancABC and others appeared first on Techzim .
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Construction materials giant Adbri has started a 24-month trial in SA to power its cement-manufacturing capability at Birkenhead with fuel derived from kerbside waste.
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Source: Im an accidental banker | The Standard\ BANCABC Zimbabwe chief executive officer Lance Mambondiani, a lawyer by training, says he became a banker by accident. Mambondiani (LM), who has worked as a top executive at local and international financial institutions, narrated how he transitioned from being a lawyer to a top banker in a [] The post Im an accidental banker appeared first on Zimbabwe Situation .
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Precision Business Insights published a research report "Multiplex Biomarker Imaging Market: By Product Type (Instrument, Reagents and Kits, Software), By Imaging Technique (Tissue Microarray (TMA), Toponome Imaging System (TIS), Fluorescent In The Situ Hybridization (FISH), Immunofluorescence Assay (IF), Immunohistochemistry Assay
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