Valuing SpaceX for a public market listing requires confronting the absence of close comparables. The company combines a satellite internet business that most closely resembles a telecommunications infrastructure operator, a launch services business that operates as aMonopolyin the most demanding mission categories, and a …
Dominion Energy's recent trading history is a useful lesson in how markets can mispriceAssetswhen the frame of reference is wrong. For much of the past three years, investors had evaluated Dominion through the lens of a utility that had sold its gas transmissionBusiness, exited …
The creation of the world's largest regulated electric utility through the NextEra-Dominion combination is not merely a financial engineering exercise. It is a strategic response to a demand shift of a magnitude the utility sector has not experienced since the electrification of American industry …
The relationship between oil prices and equity markets is not constant; it depends on the reason for the oil move. When oil falls because globalDemandis collapsing, lower energy prices are a symptom of economic weakness rather than a cause of financial market strength, and …
The False Claims Act, originally enacted during the Civil War to combat contractor fraud against the federal government, has in the modern era become the primary legal vehicle for enforcement against healthcare fraud. Its qui tam provision allows private individuals, typically current or former …
Merck's Keytruda has established itself as the defining immuno-oncology therapy of the past decade through a combination of broad efficacy, a first-mover advantage that allowed it to establish itself as the standard of care across multiple tumour types, and an extraordinary clinical development programme …
Key HighlightsGoldman Sachs set a new price target on Biogen, reflecting revised assumptions about the commercial trajectory of its Alzheimer's diseaseFranchisefollowing the latest clinical and market data.Biogen's Alzheimer's programme, centred on the amyloid-targeting antibody Leqembi developed with Eisai, represents one of the most commercially …
There is a pattern to market openings in the spring of 2026 that traders have come to recognise with a weary familiarity. Oil prices, elevated by the Iran conflict's persistentSupplydisruption, move overnight in response to whatever the most recent geopolitical development happens to be. …
Qatar occupies a position in the global natural gas market that has no precise analogue in any otherCommodity. The country's North Field, the world's largest single natural gas reservoir, has for two decades supplied LNG to buyers across Asia, Europe, and the Americas at …
The markets conversation about artificial intelligence has been dominated by semiconductor stocks, foundation model companies, and the hyperscalers building the data centres that house them. Less attention has been paid to the power infrastructure layer that makes all of it physically possible. Without reliable, …