Profitloss Centerstage Events

The world's largest single dish telescope of 500 meters in China took center stage on Saturday, 24th September 2016 among all major events across the globe, and remains the highlight of this week's list of center stage events.
Picture Courtesy: Profit loss

Centerstage events of week 3

Allergan announces its acquisition of Tobira Therapeutics, a biopharmaceutical company...

Allergan announces its acquisition of Tobira Therapeutics, a biopharmaceutical company specializing in liver disease therapies. The deal, valued at up to $1.7 billion, focuses on treating nonalcoholic steatohepatitis (NASH), a liver disease associated with obesity and type-2 diabetes. NASH affects approximately 5% of the U.S. population and currently has no approved treatments. Allergan aims to address the growing prevalence of NASH, considering it a future epidemic-level chronic disease.

Monday, 19 September, 2016

Postal Savings Bank of China raises $7.4 billion in the...

Postal Savings Bank of China raises $7.4 billion in the world's largest initial public offering (IPO) in two years. As the youngest among China's major state-owned commercial banks, it operates through 40,000 branches, primarily located within post offices across China. The bank's IPO received significant support from Beijing. This move highlights China's ongoing efforts to strengthen its financial sector and expand its presence in global markets.

Tuesday, 20 September, 2016

Canada and China announce free-trade talks with the goal of...

Canada and China announce free-trade talks with the goal of doubling bilateral trade by 2025. In 2015, the two-way trade between the countries amounted to approximately CAD 60.37 billion (USD 46.08 billion), making it the third largest for Canada after the U.S. and the European Union. This initiative aims to deepen economic ties, enhance market access, and create new opportunities for businesses in both nations.

Wednesday, 21 September, 2016

Airbnb raises $850 million in a funding round, valuing the...

Airbnb raises $850 million in a funding round, valuing the home-rental company at $30 billion. Alphabet's investment arm participates in this funding round. In addition to the new cash infusion, long-term employees have the opportunity to sell common shares as part of the deal. Roughly $200 million worth of employee stock was sold. This funding further solidifies Airbnb's position as a major player in the sharing economy.

Thursday, 22 September, 2016

China's Five hundred meter Aperture Spherical Telescope (FAST) in Guizhou...

China's Five hundred meter Aperture Spherical Telescope (FAST) in Guizhou province becomes the world's largest single-dish telescope. FAST allows scientists to explore the universe, search for extraterrestrial life, and study celestial objects in greater detail. With its advanced capabilities, FAST represents China's commitment to space exploration and scientific advancement.

Friday, 23 September, 2016

Chinese billionaire Wang Jianlin's Dalian Wanda Group is in talks...

Chinese billionaire Wang Jianlin's Dalian Wanda Group is in talks to acquire control of Dick Clark Productions for approximately $1 billion. This potential deal adds to Wanda Group's growing entertainment empire, which includes AMC Entertainment Holdings and Legendary Entertainment. Acquiring Dick Clark Productions would expand Wanda Group's presence in Hollywood and demonstrate its ambition to become a major player in the global entertainment industry.

Saturday, 24 September, 2016

Colombian President Juan Manuel Santos and FARC guerrilla leader Rodrigo...

Colombian President Juan Manuel Santos and FARC guerrilla leader Rodrigo Londoño, known as Timochenko, sign a peace accord in Cartagena, marking the end of the longest-running armed conflict in the Western Hemisphere. The final agreement will undergo a popular referendum on October 2 for ratification.

Sunday, 25 September, 2016