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The Agricultural Mowers Market will grow by $ 425.00 mn during 2021-2025
Former Pride FC champion and current Bellator fighter Fedor Emelianenko has been hospitalized in Russia after contracting COVID-19. Fedor is being treated at Clinical Hospital No. 52 in the Russian capital, according to RT Sport. Though no details of his health were released by the hospital, Fedor posted an encouraging message to his official Instagram account. "Thank you all who are sincerely worried about my health. I am feeling well now, I am on the mend," he wrote. "I am grateful to the doctors and medical staff for their care and your hard work." Though he considered offers from the UFC, Fedor never inked a deal with the world's foremost mixed martial arts promotion. Nearing his retirement, Fedor instead opted to fight for Bellator MMA, whose president, Scott Coker, is a longtime friend of Fedor's dating back to his Strikeforce tenure. Fedor has been on something of a retirement tour after losing to Ryan Bader in the Bellator Heavyweight Grand Prix. He defeated Quinton "Rampage" Jackson in the first round at Bellator 237 in December of 2019, but his tour stalled out in 2020 because of the global coronavirus pandemic that causes COVID-19. Pending Fedor's recovery from COVID-19, Coker has been hoping to have him continue his retirement tour, culminating in a marquee bout on his home turf in Russia. Fedor got his start in the famed Rings tournaments in the early 2000s before becoming one of the most dominant figures in mixed martial arts history with his run in Pride FC in Japan. He has fought for numerous other organizations since Pride was purchased by the UFC, but could never come to satisfactory terms with UFC officials in order to fight in the Octagon. TRENDING > Conor McGregor faces multi-million dollar lawsuit, as UFC 257 approaches View this post on Instagram A post shared by Федор Емельяненко (@fedoremelianenkoofficial)
Instead, Volkswagen is limiting our Mk 8 consumption to the high performance GTI and Golf R. If you do want a base Golf, VW says it’s produced enough model year 2021 Golfs at the Puebla, Mexico plant to sustain sales through the end of the year. If you want to wait for the Mk 8 GTI and Golf R, Volkswagen confirmed yet again that those models are on track for a 2022 model year launch.
(Bloomberg) -- Alcoa Corp. shares fell the most in three months after the company warned that higher costs may weigh on its earnings this quarter, muting optimism from better-than-expected results at the end of 2020.The biggest U.S. aluminum maker “anticipates lower quarterly performance” because of rising costs in its alumina business and lower selling prices for bauxite, it said in a statement Wednesday. Analysts also raised concern about the company’s free cash flow, which was negative last quarter. Alcoa shares dropped as much as 10%.The caution signal comes as Alcoa works to recover from coronavirus shutdowns at automakers and other customers that crimped demand earlier last year. The company said that while the magnitude and duration of the pandemic is unknown, it expects aluminum shipments of 2.7 million to 2.8 million metric tons this year, a drop from the 3 million tons the company shipped in 2020.Alcoa’s free cash flow remains “elusive,” and its near-term headwinds collectively mitigate the benefits from higher aluminum and alumina prices, BMO Capital Markets analyst David Gagliano said in a note.Alcoa shares fell 9.1% to $20.76 at 10:23 a.m. in New York, after falling to as low as $20.55. The manufacturer has set a high bar for stock performance going into 2021, with its shares almost doubling in the final three months 2020, the best quarterly performance in records going back to 1980. Investors have bet that mending global economies and a receding pandemic will stoke metal consumption.Alcoa said on a conference call Wednesday that it expects less volatility and improved markets in 2021, and projected global aluminum consumption to rise 7% in 2021.Benchmark aluminum prices posted the biggest gain in the second half of a year since 2010 as manufacturers worldwide started to recover from the virus shutdowns. The metal had fallen to a four-year low in April as the pandemic crimped demand from automakers and other customers.Fourth QuarterAlcoa reported fourth-quarter earnings that beat analysts’ expectations on the aluminum-price surge and as sales continued to improve from the reopening of economies. Earnings before interest, taxes, depreciation and amortization of $361 million, according to the statement Wednesday. That was higher than the $348.2 million average estimate of six analysts surveyed by Bloomberg.“First-quarter guidance was maybe slightly weak based on cost items,” Alexander Hacking, an analyst at Citigroup Global Markets, said in a note to clients. “We remain Neutral with Alcoa’s about 5% attributable free-cash-flow lower than other names in the sector.”Alcoa said on the conference call with analysts that sustaining $375 million in capital expenditures is “reasonable” the next few years. The company also said it’s keeping its $2 billion-$2.5 billion net-debt target.The company said in late 2019 that it intended to pursue sales of non-core assets that would generate $500 million and $1 billion in net proceeds. It managed to get within that range after selling a rolling-mill business for $670 million and a waste-management facility for $250 million.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
YouTube is embracing the hashtag. The company has been quietly working on a new feature that allows users to better discover content using hashtags -- either by clicking on a hashtag on YouTube or by typing in a hashtag link directly. Before, these actions would return a mix of content related to the hashtag, but not only those videos where the hashtag had been directly used.
As many as 72 players are confined to their hotel rooms for two weeks and are unable to train for the Feb. 8-21 Grand Slam after some passengers on three charter flights ferrying them to Australia tested positive for the novel coronavirus. Badosa, 23, arrived in Melbourne after playing in Abu Dhabi earlier this month and was on her seventh day in quarantine when she said her test came back positive.
(Bloomberg) -- The world’s first actively managed exchange-traded fund that invests in blank-check companies is doubling down on the red-hot SPAC market at the expense of its other strategy, merger arbitrage.The Accelerate Arbitrage Fund was launched in April by Julian Klymochko, the founder and chief executive of Calgary-based Accelerate Financial Technologies. The firm invests in special purpose acquisition companies, or SPACs, before they’ve announced deals, and also incorporates merger arbitrage, which aims to capitalize on the spread between a target’s stock price and the offer price before a deal closes.SPAC investing has become “so lucrative,” according to Klymochko, that the Arbitrage fund has curbed its exposure to merger arbitrage in favor of SPACs, of which it now holds 150. “It’s real hard to get excited about merger arbitrage these days,” Klymochko said.The ETF, which trades on the Toronto Stock Exchange, has returned about 43% since its April 7 launch compared to an almost 11% gain for the S&P Merger Arbitrage Total Return Index over the same period. It’s only actively-managed rival, The SPAC and New Issue ETF, ticker SPCX, launched in December on the New York Stock Exchange, surpassing $25 million in assets under management earlier this month and up 15% since its debut. Michael Klein’s Churchill Capital Corp IV is SPCX’s top holding, according to Matthew Tuttle, chief executive officer of Tuttle Tactical Management LLC, the ETF’s adviser.Meanwhile, The Defiance NextGen SPAC Derived ETF, ticker SPAK, which debuted on the NYSE in October, has returned about 16% since its launch. De-SPAC holdings account for most of SPAK’s portfolio, according to data compiled by Bloomberg, and is passively-managed.See more: SPACs Joining Red-Hot IPO ETFs May Extend Category’s BreakoutKnown as blank-check companies, SPACs raise money from investors and then look to acquire another business, usually a private one. A record 237 SPACs debuted on U.S. exchanges in 2020, raising nearly $79 billion, and at least 54 have already begun trading this year.Examples of high-profile SPAC deals include gambling company DraftKings Inc., which went public through a reverse merger with Diamond Eagle Acquisition Corp. in April, and electric-vehicle maker Nikola Corp., which merged with VectoIQ Acquisition Corp. in June.Accelerate’s launch was aided by a shift in Canadian security regulations, which allowed mutual funds and ETFs to use complex liquid alternative strategies that were previously limited to high-net-worth and institutional investors.SPAC listings could slow to a couple a week versus dozens per day, though the wave isn’t over, Matt Waddell, a New York-based managing director at United First Partners, told Bloomberg. Quality and maturity of companies may come under more scrutiny as the SPAC market develops, he added.Downside RiskIn cases where traditional mergers and acquisitions fall through, there can be “material downside risk” of about 25% to the investment, whereas a SPAC can be redeemed at a set net asset value plus accrued interest if it’s unable to close a deal, Klymochko said.For now, Klymochko isn’t keen on holding SPACs post-deal, such as DraftKings. The fund’s strategy is to get a piece of the IPO, or to capture the potential gain if a SPAC announces a deal. He is eyeing soon-to-be listings, including John Malone’s Liberty Media SPAC, Liberty Media Acquisition Corp., and the fund recently added a “very small allocation” of SoftBank Group Corp.’s SPAC, SVF Investment Corp., which began trading earlier this month.Accelerate Financial declined to give its assets under management, though it said the firm’s AUM has grown more than 1,100% year-over-year.(Updates ETF performance and adds U.S.-listed SPCX reference)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The "Asia Games Country Report - Japan" report has been added to ResearchAndMarkets.com's offering.
Sarah Michelle Gellar, who came to fame playing the fearless titular heroine on "Buffy The Vampire Slayer" for seven seasons, hasn't forgotten Buffy Summers. In fact, the 43-year-old actress wished the character a happy 40th birthday earlier this week. "I just realized that today is Buffy Summers 40 bday," Gellar wrote Tuesday on Instagram.
Dr. Salomon Melgen once held political fundraisers at his palatial Florida home, hung out with prominent Democrats including New Jersey Sen. Bob Menendez and made millions of dollars through his eye care practice. The problem, according to federal prosecutors, was that Melgen was also bilking Medicare out of at least $73 million by persuading numerous elderly patients to undergo tests and get treatment for diseases they did not actually have. A White House statement credited Menendez with supporting clemency for Melgen, who was a donor to Democratic politicians and a longtime friend of the Cuban-American New Jersey senator.
Russia plans to produce a form of its Sputnik V coronavirus vaccine that can be transported and stored at normal fridge temperatures as opposed to -18 Celsius, Health Minister Mikhail Murashko said on Thursday. Such a move could help Russia in the global vaccine race by making it cheaper to store and transport Sputnik V, easing the logistical challenges posed by needing a colder supply chain and making it easier for developing nations to handle. Murashko said one of six of its manufacturers had developed a form of the vaccine that was stable at a temperature of 2-8 Celsius in liquid form, though he gave no timeline for its production.
The Worthy Farm event has been scrapped for a second year running due to the global pandemic.
With the big addition of George Springer to the Toronto Blue Jays, check out the changes to the betting odds for the New York Yankees to win the AL East in 2021.
Poland will be coached by former Portuguese international and Bordeaux coach Paulo Sousa at the delayed Euro 2020 finals this year, the head of the country's football federation (PZPN) said on Thursday.
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Vinco Ventures executes agreement to complete a plan of merger with ZASH to form new media and entertainment platform
Pasternack, an Infinite Electronics brand and a leading provider of RF, microwave and millimeter wave products, has just launched a new line of Yagi antennas that are ideal for use in utility, energy, SCADA, LoRa and RFID inventory tracking applications.
The "Global Antiretroviral Therapy Market (NRTI, NNRTI, Protease Inhibitors & Integrase Inhibitors): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering.
Faster sales growth and rising profit margins have generated a flood of cash from P&G's business.
