Market (@MarketNewsUpdate) on getquin

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗣𝗵𝗮𝗿𝗺𝗮, 𝗔𝘂𝘁𝗼 𝘂𝗻𝗱 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺

𝗜𝗣𝗢𝘀 🔔

Biofrontera AG ($B8F) - The US subsidiary Biofrontera Inc. is going public. This is expected to raise gross proceeds of approximately $18 million.

The Leverkusen-based company specializes in dermatological pharmaceutical products and markets a drug for photodynamic therapy.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, Blackstone Group ($BBN1 (+4.27%)), Citigroup ($TRVC (+1.84%)), Hasbro ($HAS (+1.95%)), Texas Instruments ($TII (+1.13%)), Evertec ($2EV (+1.45%)), Kinder Morgan ($2KD (+0.37%)), Oneok ($ONK (+1.05%)) and Banco Santander ($BSD2 (-3.64%)) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, Air France-KLM ($AFR), Bank of China ($BOF (+0.91%)), BNP Paribas ($BNPQY), Caixabank ($48CA (-3.75%)), Chevron Corporation ($CHV (+1.06%)), Daimler AG ($DAI (+1.05%)), FORTEC Electronics ($FEV (-1.33%)), W. W. Grainger ($GWW (+1.58%)), Nomura Holdings ($NSE (+1.25%)), PetroChina ($PC6 (+0.15%)) and Weyerhaeuser ($WHC (+2.22%)) presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Daimler ($DAI (+1.05%)) - Despite a massive slump in sales, Daimler was able to post surprisingly good figures in the past quarter. Thanks to rising prices, the group was able to keep its revenue almost stable and even increase its profit. The share price has risen in recent weeks from 70 euros in mid-September to just under 84 euros. Net profit increased by 21 percent and now stands at 2.47 billion euros. Analysts expect the share price to rise, as Daimler has proven to be robust and resilient.

Facebook / Meta ($FB2A (+0.15%)) - The group is renaming itself "Meta." This is intended to create a brand that unites all of the Group's companies and products. The reason for this name is the planned metaverse that the Group wants to build.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Ethereum ($ETH-USD (-2.49%)) - After the successful launch of the Altari Beacon Chain Upgrade, ETH was able to reach a new all-time high of $4,400.97 last night. Said upgrade paves the way for ETH 2.0, which will then be based on proof-of-stake rather than proof-of-work. ETH has been able to maintain bullish momentum since Julie, when the price of it was still at $1,780. Ethereum has particularly benefited from the DeFi & NFT boom in recent months.