2 October 2024 | 7:13AM EDT _ Global Market Views: Easing Reduces Risk (Wilson/Trivedi) 1. Fed easing for "risk management" should ease macro volatility. The large 50bp cut from the Fed in September surprised markets on the day, but in the medium term such a front-footed approach should reduce macro and market volatility. With the post-Covid inflation surge rapidly receding in the rear-view mirror, it makes sense for policymakers to move rates back to neutral as soon as possible and avoid taking unnecessary ...

BioNTech SE (NASDAQ:BNTX) Company Conference Call October 1, 2024 9:00 AM ET Company Participants Karim Beguir - Chief Executive Officer, InstaDeep Uğur Şahin - Chief Executive Officer, BioNTech Ryan Richardson - Chief Strategy Officer, BioNTech Nacef Labidi - Head of Infrastructure, InstaDeep Alex Laterre - Head of Research, InstaDeep Alex Graves - Research Scientist, InstaDeep Bora Guloglu - Research Scientist, InstaDeep Julia Gimbernat - Product Manager, InstaDeep Arnu Pretorius - Research Scientist, In ...

Editas Medicine, Inc. (NASDAQ:EDIT) Chardan's 8th Annual Genetic Medicines Conference October 1, 2024 3:45 PM ET Company Participants Erick Lucera - CFO Cristi Barnett - VP Corporate Communications and IR Conference Call Participants Geulah Livshits - Chardan Geulah Livshits I'm Geulah Livshits, a biotech analyst at Chardan and it’s my pleasure to introduce Erick Lucera, our CFO; and Cristi Barnett, VP Corporate Communications and IR at Editas. Thank you both for joining us today. Question-and-Answer Sessio ...

Plug Power Inc. (NASDAQ:PLUG) Wolfe Research Utilities, Midstream & Clean Energy Conference October 1, 2024 8:50 AM ET Company Participants Julian Nebreda - CEO of Fluence John Berger - CEO of Sunnova Jose Luis Crespo - General Manager of Fuel Cell Applications Conference Call Participants Unidentified Analyst On to our next panel, continuing on the Clean Theme. This morning we have some of the kind of key leaders in the Clean Energy Space. I will finish with the mics here first. So to my left, Julian Nebr ...

Takuho Morimoto (81-3) 6736-6682 takuho.morimoto@jpmorgan.com Japan Economic Research Benjamin Shatil (81-3) 6736-1730 benjamin.shatil@jpmorgan.com JPMorgan Securities Japan Co., Ltd. Ayako Fujita (81-3) 6736-1172 ayako.fujita@jpmorgan.com Japan • BoJ stands pat as expected • Ueda's comments continue to emphasize gradual approach to future hikes • August export volumes rise on tech cycle support • Next week: Tokyo underlying core CPI to firm in Sep; PMI turns up The BoJ kept the policy rate unchanged at 0.2 ...

September 24, 2024 05:53 AM GMT M Foundation Video | Japan | --- | --- | --- | |-------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Key Themes and Industry Insights **1. Autonomous Driving**: * **Problem**: High road fatalities and increasing demand for multiple incomes. * **Forecast**: L5 autonomous vehicles expected by 2030, with L1/2 cars still dominating. * **Implications**: Waymo could capture 4-3% market share in Phoenix and SF by 2025. **2. Multi-Earning Agents**: * **Problem**: Housing affordability worsened, under-30s living with parents increased, and record number of Americans require multiple incomes. * **Forecast**: Generative AI applications to save time and money, leading to increased income for individuals. * **Implications**: $400bn income TAM for small businesses. **3. Humanoid Robots**: * **Problem**: High number of work-related deaths and injuries, and aging population leading to labor shortages. * **Forecast**: Humanoid robots to become cost-effective in domestic US food preparation and logistics by 2030. * **Implications**: $1trn TAM in 2050 for humanoid robots. **4. AI Sovereignty**: * **Problem**: Limited control of raw inputs for AI models by the US and Europe. * **Forecast**: Reshoring of critical infrastructure, including semiconductors and clean energy components. * **Implications**: Increased investment in data centers and grid infrastructure. **5. Negative Power Prices**: * **Problem**: Increasing solar power leading to negative energy prices at peak loads. * **Forecast**: 10% of annual hours could have negative power prices by 2027. * **Implications**: CATL could benefit from increased battery storage demand. **6. Nuclear Renaissance**: * **Problem**: Limited venture funding for nuclear power compared to other sectors. * **Forecast**: Nuclear power to contribute 5% more to electricity supply by 2030. * **Implications**: Strong prospects for uranium and nuclear enablers. **7. Obesity**: * **Problem**: Growing obesity rates and associated health complications. * **Forecast**: 25% CAGR in prescriptions for obesity medications by 2030. * **Implications**: Novo Nordisk and Eli Lilly well positioned for the future. **8. Smart Chemotherapy**: * **Problem**: Traditional chemotherapy still accounts for over 37% of cancer prescriptions. * **Forecast**: Antibody Drug Conjugates (ADCs) to become a $140bn market. * **Implications**: Companies like Daiichi Sankyo, AstraZeneca, and Pfizer well positioned. **9. AI Assisted Fertility**: * **Problem**: Declining fertility rates and increasing difficulty in conception. * **Forecast**: AI models to improve embryo selection accuracy. * **Implications**: Companies like Cooper Companies and Google well positioned. **10. The Rise & Rise of Private Capital**: * **Problem**: Private equity-backed businesses surpassing publicly listed companies. * **Forecast**: $13tn of private capital assets under management. * **Implications**: Private equity-backed businesses to continue growing at a double-digit pace.

M Asia Pacific Insight September 24, 2024 08:00 PM GMT Jiangsu Changjiang Electronics Tech Slow recovery with share loss; downgrade to UW | --- | --- | --- | --- | --- | --- | --- | |-----------------------|--------------------|-------|-------------------------------------------------|-------|------------------------------------|-----------------------------| | Rating \nPrice Target | What's Changed \n | | Jiangsu Changjiang Electronics Tech (600584.SS) | | From \nEqual-weight \nRmb28.00 | To \nUnderweight ...

M Update Enterprise Storage | North America September 24, 2024 04:01 AM GMT Telecom & Networking Equipment North America Industry View In-Line IT Hardware North America Industry View In-Line CQ2 Storage Market Data Update CQ2 Storage Market update shows stronger external storage growth (+10% Y/Y) and AFA growth (+23% Y/Y), which was largely not seen in CQ2 company results for our coverage. Data most positive for NTAP (of names in our coverage), reflecting success of new product releases. Key Takeaways CQ2 e ...

Morgan Stanley September 24, 2024 04:01 AM GMT September 24, 2024 | --- | --- | --- | --- | --- | |---------------------------------------------------------------|-------|-------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | North America Freight Transportation \nParcel Industry Update | | | | M ...