Business Fundamentals

FDA approval of Leqembi attracts mixed opinions from Twitter influencers, reveals GlobalData

Leqembi, the Alzheimer’s drug from Eisai and Biogen, has recently received the Food and Drug Administration’s (FDA) approval. Subsequently, Twitter influencer conversations around Leqembi witnessed a significant spurt, reveals the Social Media Analytics Platform of GlobalData, a leading data and analytics company. Shreyasee Majumder, Social Media Analyst at GlobalData, comments: “Influencers in the pharmaceutical business […]

Global deal activity down by 23.7% YoY during H1 2023, reveals GlobalData

A total of 28,151 deals (mergers & acquisitions (M&A), private equity and venture financing deals) were announced globally during the first half (H1) of 2023, which was a 23.7% decline compared to the announcement of 36,873 deals during the same period in 2022, reveals GlobalData, a leading data and analytics company. An analysis of GlobalData’s […]

Business Fundamentals

Banking and payments industry takes center stage in AI discussions during Q2 2023, reveals GlobalData

Artificial intelligence (AI) continues to influence the way we live and work, generating a lot of discussions across different industries. The banking and payments industry had the highest discussions about AI after technology during the second quarter (Q2) of 2023, reveals the Company Filings Analytics Database of GlobalData, a leading data and analytics company. Misa […]

Business Fundamentals

Inflation law drives biologic drugs to outpace small molecules in venture financing in US, finds GlobalData

Biotechs located in the US received 19% or $7.6 billion more venture financing from 2018-2023 (YTD) for biologic innovator drugs compared to small molecule innovator drugs, driven by the enactment of the inflation law in the country to drive down prescription drug prices, reveals GlobalData, a leading data and analytics company. According to GlobalData’s Pharma […]

Business Fundamentals

India economy set for robust growth in 2023, driven by domestic consumption and infrastructure boost, says GlobalData

Amidst a gloomy global economic scenario, India emerges as a ray of hope and is positioned to achieve the highest GDP growth rate among major economies in 2023. The growth will be driven by robust private consumption and investment, supported by government efforts to enhance infrastructure, logistics, and the overall business climate. However, a decline […]

Business Fundamentals

Global M&A activity down by 21% YoY during January-May 2023, reveals GlobalData

The global merger and acquisitions (M&A) activity witnessed a significant year-on-year (YoY) decline from January to May 2023 in comparison to the corresponding period in the previous year. The total number of M&A deals announced globally during January-May 2023 amounted to 12,619, marking a decline of 21.4% compared to the 16,055 M&A deals announced during […]

Business Fundamentals

Asia-Pacific M&A deal activity down by 16.3% YoY during January-May 2023, reveals GlobalData

A total of 2,765 mergers and acquisitions (M&A) deals were announced in the Asia-Pacific (APAC) region during January to May 2023, a decline of 16.3% compared to the 3,304 M&A deals announced during the same period in the previous year, finds GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database […]

Business Fundamentals

GlobalData upgrades UK economic growth projection for 2023

The UK is poised for a modest economic upturn due to lower energy prices, government support measures, and a robust labor market. However, trade prospects may remain lacklustre due to the sluggish economies of major trading partners. Businesses also face a high cost of financing which remains another area of concern. In line with this […]

Business Fundamentals

VC investment in India tumbles 74.6% YoY to $3.4 billion during January-May 2023, reveals GlobalData

India’s venture capital (VC) funding landscape faced a harsh funding winter during the first five months of 2023, witnessing a substantial 46.1% year-on-year (YoY) drop in VC deals volume and a massive 74.6% decline in funding value during the period, reflecting the challenging funding environment, according to GlobalData, a leading data and analytics company. An […]

Business Fundamentals

China venture capital funding sees decline, yet remains a force in global market, reveals GlobalData

The China venture capital (VC) funding landscape experienced a decline in both deal volume and value during January to May 2023 compared to the previous year, attributed to geopolitical tensions and recession concerns. However, China remains a dominant player in the Asia-Pacific (APAC) region and globally, showcasing its continued significance in VC funding activities, reveals […]

Business Fundamentals

AI advancements propel NVIDIA to elite trillion-dollar club, says GlobalData

Riding on the growing demand for generative artificial intelligence (AI) tools, US-based semiconductor giant Nvidia had briefly vaulted past the $1 trillion market capitalization mark. In the process, it has become the seventh US company to achieve this milestone, joining Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla. The only non-US company in the club is […]

Business Fundamentals

High inflation and borrowing costs cloud Norway’s economic outlook for 2023, says GlobalData

Despite the challenges from the energy crisis faced by several European countries, Norway’s economy exhibited strength in 2022, supported by a sharp increase in its hydrocarbon revenue. However, elevated inflation and tighter monetary policies are anticipated to have a negative impact on private consumption, household spending, and investments in the country, potentially resulting in a […]

Business Fundamentals

Malaysia economy growth in 2023 to surpass last five years average, forecasts GlobalData

Malaysia’s economic growth in 2023 is predicted to be fuelled by easing inflationary pressure, a stronger job market, and solid growth in private consumption. Nevertheless, weak external demand poses a downside risk that could affect trade prospects. Against this backdrop, Malaysia’s economic growth is set to reach 4% in 2023, surpassing the average growth of […]

Business Fundamentals

Medical devices companies discussion revolve around exploring AI to deliver new diagnostics tools, says GlobalData

Artificial intelligence (AI) is a popular topic of conversation in companies’ filings with the potential to revolutionize many industries and it is not surprising that AI has generated a lot of discussion in the medical industry. The medical industry is among the top five industries which have the most discussions about AI in Q1 2023, […]

Business Fundamentals

Apple Vision Pro headset sparks mixed reactions on Reddit over high price, gaming limitations, reveals GlobalData

Apple’s Vision Pro, the mixed-reality headset unveiled at the June 2023 Worldwide Developers Conference, has created a substantial buzz in the tech industry. This excitement translated into a notable increase in Reddit discussions during the second week of June. Among Redditors, there is a divergence of opinions regarding the device. While some are enamored with […]

Business Fundamentals

Belgium’s economic growth to decelerate to 0.4 % in 2023, forecasts GlobalData

Economic prospects for Belgium remain uncertain as businesses face cost pressures and tighter financial conditions, and the residential construction sector is burdened by high financing costs. Elevated inflation is expected to impact domestic demand, while muted global trade prospects will weigh on its net exports. Against this backdrop, the Belgian economy is projected to grow […]

Business Fundamentals, Uncategorised

VC investment in US plunges 50.2% YoY to $55.3 billion during January-May 2023, reveals GlobalData

Venture capital (VC) funding activity in the US experienced a significant decline during January to May 2023. A total of 3,532 VC funding deals of worth $55.3 billion were announced in the US during the period. This represents a year-on-year (YoY) decline of 36.4% in terms of volume announced and a massive 50.2% in terms […]

Business Fundamentals

UK startups raised $6.3 billion in VC funding during January-May 2023, finds GlobalData

The UK venture capital (VC) funding landscape saw a decline in deal activity during the first five months of 2023 compared to the same period in 2022. The total volume of VC deals in the UK fell by 28.7% from 819 deals in January-May 2022 to 584 deals in January-May 2023. The corresponding value of […]

Business Fundamentals

Travel and tourism industry deal activity plummets by 41% YoY in January-May 2023, reveals GlobalData

The travel and tourism industry has witnessed a massive 41% year-on-year (YoY) decline in deal activity from 475 deals announced during January-May 2022 to 282* during the first five of months of 2023, reveals GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The decline in deal activity in the […]

Business Fundamentals

Asia-Pacific deal activity decline by 25% YoY during January-May 2023, reveals GlobalData

The Asia-Pacific (APAC) region witnessed a 25% year-on-year (YoY) decline in deal activity during January to May 2023, in line with the global trend of economic uncertainties impacting deal activity. The decline was seen across all types of deals (mergers & acquisitions, private equity, and venture financing deals) and major markets in the region, reveals GlobalData, […]

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