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Life Insurance Corporation of India and Allstate Corp report 25% growth China Life Insurance and Ping An Insurance Group lose over 15% Berkshire Hathaway maintains top position for the last seven quarters The aggregate market capitalization (MCap) of the top 25 global insurers grew by 2.7% to $2.79 trillion quarter-on-quarter (QoQ) during the fourth quarter […]
Bud Light dominates alcoholic beverages sport sponsorship in Americas region in 2023, reveals GlobalData
Across the Americas region (North America, South America, Central America, and the Caribbean), American football has by far the greatest value in sponsorship with alcoholic beverages brands and is staggeringly $388.83 million ahead of baseball in terms of revenue. The major contributor to this is Bud Light’s deal with the National Football League (NFL), worth […]
Obesity care needs greater revolution, says GlobalData
Novo Nordisk and Eli Lilly have been dominating the obesity scene in the past year with the approval of their glucagon-like peptide-1 receptor (GLP-1R) agonists Wegovy and Zepbound. Although medicines with other mechanisms of actions are available on the market, GLP-1R agonists seem to have a greater impact on weight loss and the patient’s life. […]
Predictive maintenance plays crucial role in oil and gas industry, says GlobalData
Maintenance strategies in the oil and gas industry have gradually transformed from their early days in the nineteenth century. To achieve operational longevity, timely maintenance is necessary to prevent expensive repair works and unplanned production outages. Technologies, such as AI, machine learning, and the internet of things (IoT) add enormous value to predictive maintenance strategies, […]
WEF24 sparks intense social media debate on AI, sustainability and global challenges, reveals GlobalData
At the ongoing 54th World Economic Forum (WEF24) in Davos-Klosters, critical global issues from artificial intelligence (AI) advancements to geopolitical tensions ignited vibrant discussions on the social media platform “X”. Influencers delved into topics like cybersecurity, sustainability, economic challenges, and climate change, highlighting the urgent need for responsible innovation and collaborative solutions in a rapidly […]
Zosurabalpin may end 50-year antibiotic discovery stalemate against Acinetobacter baumanni, says GlobalData
Zosurabalpin, a novel antibiotic currently in Phase I development by Roche, has recently showed promise in ending a 50-year drought in effective treatment against carbapenem-resistant Acinetobacter Baumanni (CRAB), which is categorized by the World Health Organisation (WHO) as a “priority 1 pathogen.” Demonstrating efficacy in vitro and in mouse models, zosurabalpin targets a critical bacterial […]
First-in-class Minerval shows promise in patients with advanced brain tumors, says GlobalData
Laminar Pharmaceuticals’ first-in-class autophagy inducer Minerval (LAM561, 2-hydroxyoleic acid (2-OHOA)) has reportedly demonstrated encouraging activity in the difficult-to-treat malignant braintumor patient population, placing it as a potential candidate for the treatment of glioma and other solid tumor malignancies. With a unique membrane-level targeting approach and encouraging early-stage clinical trial data, Minerval holds potential to address […]
Startups drive blockchain adoption in Southeast Asia’s gaming sector, says GlobalData
The Southeast Asian digital entertainment scene is undergoing a rapid transformation thanks to the integration of blockchain technology with gaming. Startups are leading this revolution, ensuring asset security, genuine digital ownership, player-centric ecosystems, and innovative gaming experiences. This shift is reshaping the conventional gaming market and elevating player engagement, says GlobalData, a leading data and […]
China reproductive health devices market to reach $450 million in 2030, forecasts GlobalData
China has been witnessing an increasing demand for various reproductive health tests and devices due to several factors such as a growing population, rising awareness about reproductive health, improving healthcare infrastructure, and changing lifestyles. Against this backdrop, China’s reproductive health devices market is expected to reach $450 million in 2030, forecasts GlobalData, a leading data […]
APAC deal activity down by 20.4% in 2023, finds GlobalData
In line with the global trend, the deal activity in the Asia-Pacific (APAC) region remained subdued in 2023. A total of 14,193 deals (mergers & acquisitions (M&A), private equity (PE) and venture capital (VC)) were announced in the region during 2023, a decline of 20.4% compared to the 17,824 deals announced during the previous year, […]
2024 will be an intriguing year for cloud-based collaboration, says GlobalData
While generative artificial intelligence (GenAI) significantly influenced cloud-based collaboration in 2023, it was not the sole factor defining the field. As 2024 approaches, the excitement continues. The year is set to be marked by AI’s sustained influence, the transformation of contact center environments, and an intensified emphasis on customer experience. In an era of hybrid […]
GlobalData highlights transformative impact of immersive technologies across sectors
The growing demand for immersive experiences is driving the evolution of advanced platforms and technologies. These innovations are set to transform how people engage with content and their environment, offering captivating virtual worlds and enhancing education, training, and various sectors like healthcare, consumer, retail, automotive, travel & tourism, and gaming, says GlobalData, a leading data […]
Gout market across 7MM set to reach $10.8 billion in 2032 fueled by novel ULTs and rising prevalence, reveals GlobalData
The sales growth of gout therapies across the seven major markets (7MM: the US, 5EU, and Japan) is set to increase at a compound annual growth rate (CAGR) of 8.8% from $4.6 billion in 2022 to $10.8 billion in 2032, in line with the steadily increasing disease prevalence and the entrance of novel agents, according […]
Global travel and tourism sector deal activity plunges 31.9% in 2023, finds GlobalData
Global travel and tourism sector witnessed the announcement of a total of 723 deals (mergers & acquisitions (M&A), private equity (PE), and venture capital (VC)) during 2023, a decline of 31.9% compared to the 1,062 deals announced during the previous year, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Deals […]
Global deal activity shrinks by 24.5% in 2023, reveals GlobalData
Deal volume down by 24.5% in 2023 All deal types under coverage suffered setback Deal making was notably down for PE/VC firms Grappled with several challenges and uncertainties, 2023 remained a disappointing year for deal activity with a massive drop in volume. A total of 52,534 deals (mergers & acquisitions (M&A), private equity (PE) and […]
Juniper Networks acquisition will bolster Hewlett Packard Enterprise AI and security offerings, says GlobalData
As global tech companies obsess about artificial intelligence (AI), Hewlett Packard Enterprise’s (HPE) proposed acquisition of Juniper Networks for $14 billion will give HPE a respected AI platform for infrastructure, more security capabilities and a stronger stake in the telecom equipment market, says GlobalData, a leading data and analytics company. Steven Schuchart, Principal Analyst, Enterprise […]
Rabbit r1 innovative design faces skepticism, yet holds hope for future evolution, finds GlobalData
Rabbit Inc, a Santa Monica-based AI startup, has unveiled a custom-built consumer AI device running on a natural-language operating system “r1” that acts like a walkie-talkie with a camera at the Consumer Electronics Show (CES) 2024. It offers some of the smartphone-free solutions for tasks such as booking flights, ordering meals, and arranging transportation. In […]
J&J acquisition of Ambrx bolsters cancer ADC portfolio amidst big pharma’s growing investment trend, says GlobalData
Following the news that Johnson & Johnson (J&J) has entered into a definitive agreement to acquire clinical-stage biopharmaceutical company Ambrx Biopharma for $2.0 billion; Israel Stern, MSc, Oncology & Hematology Analyst at GlobalData, a leading data and analytics company, offers his view: “J&J will have the rights to antibody-drug conjugate (ADC)-focused biotech, which includes anvatabart […]
Bluebird second reimbursement deal provides valuable advantage for Lyfgenia in upcoming battle for market share, says GlobalData
Following the news that Massachusetts-based biotechnology company bluebird bio Inc (bluebird bio) has signed a second outcomes-based reimbursement deal with a large commercial payer for its sickle cell disease gene therapy, Lyfgenia (lovotibeglogene autotemcel); Nancy Jaser, Senior Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “Combined with its first coverage […]
US non-farm payroll for Dec-2023 forecasted at 174,000, lower than 199,000 in Nov-2023, says GlobalData
The US non-farm payroll (NFP) for December-2023 (to be released on 05 January 2024) is expected to show a payroll addition of 174,000, slightly above the consensus expectation of 170,000 but below the November 2023 reading of 199,000, a fall of 12% month-on-month, according to GlobalData, a leading data and analytics company. GlobalData’s US Active […]