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Following the news that ESPN, a subsidiary of The Walt Disney Company, FOX and Warner Bros. Discovery have agreed to form a new joint venture (JV) to create a sports-oriented streaming video service; Tammy Parker, Principal Analyst of Global Telecom Consumer Services at GlobalData, a leading data and analytics company, offers her view: “This is […]
US and China dominate global high value VC funding deals volume with 70% share in 2023, reveals GlobalData
Global deal activity, encompassing venture capital (VC) funding, remained subdued in 2023. Key markets such as the US, China, India and the UK also registered decline in VC funding deal volume and value. However, despite suffering setbacks, the US continued to account for the highest share of high value* VC deals in 2023 followed by […]
Tech sector navigating layoffs while riding generative AI wave, says GlobalData
The tech industry is witnessing substantial changes in 2024, including layoffs by big companies like Google, Amazon, and Meta. This trend started last year, affecting over 191,000 employees due to factors like post-COVID-19 pandemic adjustments and a focus on emerging tech like AI. Despite these challenges, there is a positive outlook for AI roles, especially […]
Companies prioritize efficiency, innovation, and team synergy in hiring strategies, reveals GlobalData
Companies across various industries are increasingly prioritizing efficiency, product development, and business expansion in their hiring strategies. This approach aims to bolster organizational effectiveness. There is also a concerted effort to elevate customer experience, foster innovation and drive performance. Meanwhile many organizations are consolidating departments to create new unified, synergistic teams, reveals GlobalData, a leading […]
Catalent to help Novo Nordisk address production demands for Ozempic and Wegovy, observes GlobalData
Following the news that Novo Holdings, the parent company to Novo Nordisk, has agreed to acquire contract development and manufacturing organization (CDMO) Catalent for $16.5 billion; Costanza Alciati, Pharma Analyst at GlobalData, a leading data and analyst company, offers her view: “Novo Nordisk has been struggling to meet the demand related to its GLP-1R agonists […]
Merck seeks to develop novel T-cell engager therapies with TriTAC platform, says GlobalData
Merck has recently agreed to acquire cancer drug developer Harpoon Therapeutics for about $680 million. The deal includes promising compounds undergoing Phase II trials for malignancies and access to the Tri-specific T cell Activating Construct (TriTAC) platform, positioning the US-based pharmaceutical giant for significant advancements in therapeutic innovation. The focus lies on contesting the evolving […]
RNAs as biomarkers in lupus nephritis patients may improve diagnosis, says GlobalData
A groundbreaking study may revolutionize the diagnosis of lupus nephritis (LN) by unveiling unique microRNAs (miRNAs) in the blood serum of systemic lupus erythematosus (SLE) patients with LN. As vital regulators of gene expression, miRNAs show promise as potential predictors for LN in SLE patients, offering a more efficient alternative to current diagnostic methods involving […]
Boston Scientific exceeds Q4 expectations, looks strong for 2024, says GlobalData
Boston Scientific, a stalwart in the medical sector, has reported net sales of $3.725 billion during the fourth quarter of 2023, affirming its resilience and growth in a dynamic market. The remarkable 14.9% year-on-year (YoY) growth rate underscores the company’s adaptability, driven by strategic initiatives and product innovations. With a robust net income of $504 […]
Diagnostic imaging to see advances in AI, imaging agents, and ultrasound technology in 2024, says GlobalData
The surging global aging population and escalating disease prevalence, notably cancer, are propelling a heightened demand for imaging. Diagnostic imaging is undergoing a transformative R&D phase, with a focus on software, hardware, and consumables tailored for early disease diagnosis and personalized medicine applications. The recent strides in artificial intelligence (AI), imaging agents, and ultrasound technology […]
Fiber will continue to dominate APAC fixed communication services market through 2028, forecasts GlobalData
Fixed communications service revenue in Asia-Pacific (APAC) is set to increase at a compound annual growth rate (CAGR) of 1% from $368 billion in 2023 to $386.9 billion in 2028, supported by the growing fixed broadband service adoption, particularly in the emerging markets of the region, forecasts GlobalData, a leading data and analytics company. An […]
Netflix sentiment soars in 2023 with new ad plan, gaming expansion and strategic moves, reveals GlobalData
Netflix‘s sentiment soared in 2023, fueled by strategies including a new advertising plan, the introduction of paid sharing options, and a dynamic expansion into the gaming sector. This surge is underpinned by a remarkable increase in monthly active users (MAUs) and the successful diversification of its entertainment offerings, reveals GlobalData, a leading data and analytics […]
AstraZeneca and Sanofi Beyfortus to dominate RSV market in China, says GlobalData
AstraZeneca and Sanofi’s Beyfortus (nirsevimab), a long-acting monoclonal antibody (mAb), has been approved in China for the prevention of respiratory syncytial virus (RSV) lower respiratory tract infection (LRTI) in neonates and infants entering or during their first RSV season. With the first approved preventive option for RSV, AstraZeneca and Sanofi will dominate the market in […]
Mobile service revenue to increase at 4.1% CAGR over 2023-2028 in China, forecasts GlobalData
The total mobile services revenue in China is poised to increase at a compound annual growth rate (CAGR) of 4.1% from $146.4 billion in 2023 to $179.1 billion in 2028, mainly driven by the robust growth in mobile data services segment, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest China Mobile Broadband Forecast […]
Mazdutide positive phase III results to help Innovent gain widespread adoption in China obesity market, says GlobalData
Innovent Biologics has recently made a significant breakthrough in obesity treatment with mazdutide, showcasing promising Phase III (GLORY-1) results. Poised to enter the Chinese market, mazdutide heralds a new era in obesity management, reflecting the China-based biotech company’s commitment to innovative healthcare solutions and addressing the growing need for effective obesity treatments in one of […]
Next-generation sequencers market will reach $5.1 billion in 2033, forecasts GlobalData
Next-generation sequencing (NGS) has revolutionized the in vitro diagnostics (IVD) market by providing enhanced diagnostic capabilities and expanding the market scope. The next-generation sequencers market is poised to grow at a compound annual growth rate (CAGR) of 10.3% from $1.9 billion in 2023 to $5.1 billion in 2033, forecasts GlobalData, a leading data and analytics […]
Influencers cautiously upbeat on cloud and AI prospects amid Microsoft record earnings, reveals GlobalData
Microsoft’s Q4 2023 results reveal a record-breaking revenue of $62 billion, indicating an impressive 18% year-over-year surge that surpasses financial forecasts and sets a new high. However, despite these accomplishments, influencers on the “X” platform express cautious optimism, considering the company’s achievements in the cloud services sector and the challenge of meeting high investor expectations. […]
Telecom and pay-TV services revenue in Thailand to increase at 3.2% CAGR over 2023-2028, forecasts GlobalData
The total telecom and pay-TV services revenue in Thailand is expected to increase at a compound annual growth rate (CAGR) of 3.2% from $10.9 billion in 2023 to $12.8 billion in 2028, primarily driven by the mobile data and fixed broadband segments, according to GlobalData, a leading data and analytics company. GlobalData’s Thailand Telecom Operators […]
Despite argenx Vyvdura approval, quest for definitive myasthenia gravis cure persists in Japan, says GlobalData
Japan has recently approved argenx’s Vyvdura (efgartigimod alfa and hyaluronidase-qvfc) subcutaneous (SC) injection for the treatment of adult patients with generalized myasthenia gravis (gMG), who do not have sufficient response to steroids or non-steroidal immunosuppressive therapies (ISTs). While introducing a novel subcutaneous administration route, Vyvdura adds to Japan’s myasthenia gravis (MG) treatment options. However, differentiation […]
Goldman Sachs and RBC Capital Markets top M&A financial advisers in oil & gas sector in 2023
Goldman Sachs and RBC Capital Markets were the top mergers and acquisitions (M&A) financial advisers in the oil & gas sector in 2023 by value and volume, respectively according to the latest financial advisers league table by GlobalData, a leading data and analytics company. An analysis of GlobalData’s Deals Database reveals that Goldman Sachs achieved […]
White & Case and Kirkland & Ellis top M&A legal advisers in oil & gas sector in 2023
White & Case and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the oil & gas sector in 2023 by value and volume, respectively according to the latest legal advisers league table by GlobalData, a leading data and analytics company. An analysis of GlobalData’s Deals Database reveals that White & […]