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‘Buying stuff like it’s going out of fashion’: Biotech M&A on track for best year since pre-Covid

Global biopharma M&A is experiencing a sharp uptick, putting the sector on track for its strongest year since the pre-pandemic peak seven years ago. Driven by looming patent cliffs, newly buoyant public markets, and Big Pharma's race to beef up their pipelines, dealmaking so far in 2026 amounted to $106 billion over 201 deals, according to PitchBook data. If the current pace of biopharma M&A holds up for the rest of the year, the industry could be on track to notch more than $250 billion in...

CNBC 6d ago

Is attention truly all we need? An empirical study of asset pricing in pretrained RNN sparse and global attention models

Announce Type: replace-cross Abstract: This study investigates the pre-trained RNN attention models with the mainstream attention mechanisms, such as additive attention, Luong's three attentions, global self-attention and sliding window sparse attention, for the empirical asset pricing research on the top 420 large-cap US stocks. This is the first paper on the large-scale state-of-the-art (SOTA) attention mechanisms applied in the asset pricing context. They overcome the limitations of the...

arXiv CS 5d ago

Indians remained 3rd largest Schengen visa applicants in 2025; numbers climb in tough travel year

Indians remained the third largest applicants for Schengen visas globally in CY 2025, with 11.5 lakh did so with a rejection rate of 15.8%. Chinese were the largest applicants at 18 lakh with a rejection rate of 4.1%, followed by nationals of Turkey (12.5 lakh) with a rejection rate of 14.6%, according to data released by the European Commission (EC). “The top five applicant countries remained largely unchanged,” the EC says, with applicants from Russia (6.8 lakh) and Morocco (6.2 lakh)...

Times of India 9d ago

Australia's economic slowdown is just beginning, the experts warn

Australia's economic slowdown is just beginning, economists warn, as recession risks rise Thu 4 Jun 2026 at 5:16am Australia's economic slowdown is just beginning, economists warn, as interest rate rises and cost-of-living pressures weigh on households. The economy grew just 0.3 per cent in the first quarter of 2026, the Australian Bureau of Statistics revealed on Wednesday, but the figures only captured the first month of the Middle East war. "Surging inflation, sky-high oil prices and...

ABC Australia 7d ago

CNA Explains: How airlines avoided a jet fuel shortage amid the Iran conflict

CNA Explains: How airlines avoided a jet fuel shortage amid the Iran conflict Despite warnings of a looming jet fuel supply crunch amid the Iran war, major airlines are now saying that they have enough fuel for the next few months. The conflict in Iran has sent jet fuel prices soaring, as the prolonged closure of the Strait of Hormuz choked exports from Gulf refineries that supply a significant share of the world’s jet fuel. The war, which began with United States-Israeli strikes on Iran on...

Channel News Asia 5d ago