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Pharma sector requests raw ingredient customs breaks, packaging VAT breaks. PLUS: pharma monopolies beware, Menthum + CI Capital, Palm Hills Developments, Kraft Heinz
Around 90% of the raw materials used in the pharma industry are imported
Fed chief signals September rate cut as economic risks shift
US inflation fell under the 3% mark in July for the first time since March 2021
Gold soars as investors pencil in September rate cuts and a weakening USD
Gold prices are up 22% in 2024 so far
Investors rush back into equity markets as market confidence returns
The rebound follows a brutal sell-off that took place earlier in August
Startups are increasingly going bust as funding dries up
The number of startups closing their doors rose 58% y-o-y during 1Q 2024
Investors lose access to key data as China stops sharing daily flows data
China is expected to see its first annual outflow from its bourse since 2016
Global stocks record best week in nine months as US data calm recession fears
This comes as markets rebound from a “brutal” sell-off during the first week of August
Analysts are penciling in rate cuts after US inflation cools to lowest level in years
US inflation dropped to its lowest level in three years
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