POS RDC GY : *** RDC/DOCM - the fixum increase is finally "approved" by the cabinet. Consequently, the fixum will be raised to €9/Rx drug redemption from July 1st and to 9.50 from Jan 1st. This marks a big relief for online pharmacies as the discussions were ongoing for months. Should bode well for both names.
https://t.co/9K5kT9X2SZ
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IRAN'S FARS NEWS AGENCY CITING SOURCE CLOSE TO NEGOTIATIONS: THE UNFREEZING OF IRAN'S FUNDS IS THE LAST SERIOUS STICKING POINT WITH U.S. BEING RESOLVED THROUGH QATAR MEDIATION, NO OFFICIAL CONFIRMATION
UKRAINE - Russian Secretary of Foreign Affairs told Marco Rubio to evacuate US diplomats and US citizens from Kyiv over potential heavy strikes. (Watch out defense stocks today) maybe :-)
Hedge Funds Double Down on AI, Semiconductors: Goldman Sachs
By Julien Ponthus
(Bloomberg) -- Hedge funds doubled down on their investments in artificial intelligence, with their largest quarterly increase to the information technology sector on record, according to Goldman Sachs strategists.Hedge funds increased their net tilt to tech by 853 basis points, the team including Ben Snider says
Funds also added to communication services while reducing exposure to almost every other sectorOutside of the TMT sector, the only segment where hedge funds added net exposure to was financials
Within long portfolios, funds carry a 90th percentile tilt to the momentum factorRecord 10% portfolio weight in semiconductors
Smallest weight in software since 2019
The average equity long/short hedge fund has returned 7% this year through May 21Hedge fund net exposure is now at a 1-year high.
Gross leverage ranks in the 94th percentile versus the last 5 years
Median S&P 500 short interest has climbed to its highest level since 2011
NOTE: Goldman’s report is based on the holdings of 1,059 hedge funds with $4.6 trillion of gross equity positions at the start of 2Q
TRUMP’S RISKY MILITARY OPTIONS TO BREAK IRAN DEADLOCK - FT
From air strikes to a naval operation, the US president has no simple way to force Iran to yield
https://t.co/piWhwcXKyw
Peak :WSJ : OpenAI is Preparing to File For an IPO Very Soon
The artificial-intelligence giant is working with bankers at Goldman Sachs and Morgan Stanley
US and Israel planned to install Ahmadinejad as Iranian leader, NYT says
Summary by Bloomberg AI
The United States and Israel went into war on Iran intending to replace the regime's leadership with hardline former President Mahmoud Ahmadinejad, according to The New York Times.
Ahmadinejad's "current whereabouts and condition are unknown" after he was reportedly wounded on the first day of the war by an Israeli strike on his home in Tehran.
The US-Israeli plan "quickly went awry" as Ahmadinejad changed his mind about the regime change plan after the strike, and he has not been located since, according to US officials who spoke to the Times.
POS RDC GY: - The governing coalition parties and the Federal Ministry of Health have reportedly agreed on a two-step increase in the fixed pharmacy fee (“Fixum”).
The fee would rise:
from €8.35 to €9.00 on July 1
and then to €9.50 at the beginning of next year.
The changes are connected to the Pharmacy Supply Development Act (ApoVWG), which is currently being discussed in the Bundestag’s Health Committee. The law is expected to pass its final readings in parliament on Friday.
The regulation is expected to be sent to the Bundesrat (upper house), which could vote on them on June 12.
https://t.co/ndFPy2rbM3
WATCH OUT MBG GY: Anti-Union Campaign in the USA
"Mercedes-Benz Has Violated Every Rule"
Threats against employees and hundreds of thousands of dollars spent on campaigns: The international trade union organization IndustriALL levels serious allegations against the German automaker Mercedes—and terminates a joint agreement. https://t.co/SP1pQaN1lR