The most important news from last week
SAP bought LeanIX
German enterprise software provider SAP announced its acquisition of LeanIX, a software management firm, as part of its strategy to enhance its portfolio for business transformation. Notably, LeanIX has received investments from prominent firms, including Insight Partners, DTCP, Capnamic Ventures, Iris Capital, Goldman Sachs, and Dawn Capital. The transaction, subject to closure in the fourth quarter, was disclosed without revealing the specific financial terms.
Movement of SAP stocks in the last five years. (Source: Trading Economics) *
China ban presents troubles for Apple
China's recent directives have expanded, with government officials at central agencies now instructed not to utilize iPhones or other foreign-branded devices for work purposes or bring them into their offices. If such an iPhone ban is implemented more broadly in China, it could carry significant consequences for foreign brands operating within the nation, with Apple being a prominent example. China constitutes a vital market for Apple, contributing to approximately 19% of its total revenue.
Moderna updated their Covid vaccine
Moderna Inc has revealed that its revised COVID-19 vaccine effectively elicits a robust immune response against a recently emerged virus variant, which has sparked concerns of a potential resurgence in cases. According to an official statement, the pharmaceutical company's research on the vaccine demonstrated an impressive 8.7-fold increase in neutralizing antibodies in individuals against the BA.2.86 COVID variant that is currently in circulation.
Boeing and Aviation Capital Group finalized the deal
Boeing and aviation leasing company Aviation Capital Group have officially confirmed an order for 13 737 MAX aircraft. This order, which raises Aviation Capital's total order to 47 737 MAXs, encompasses seven 737-8 and six 737-10 aircraft. In light of airlines grappling with constrained jet supplies, there's a growing trend towards airlines seeking additional capacity from aircraft leasing firms to meet the robust demand for air travel.
Warner Bros will offer live sports for free
Warner Bros Discovery is preparing to introduce live sports content on its Max streaming service at no extra charge for a limited time later this year, with a fee expected to be applied for sports access starting next year. Warner Bros Discovery holds media rights for major sporting events like the National Basketball Association and Major League Baseball, among others. The move comes as streaming platforms strive to secure rights for live sports content to expand their market presence.
* Past performance is no guarantee of future results.
Sources: Reuters, Investing, Trading Economics
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