Psychedelic trips could soon be part of therapy — here’s what those sessions will look like

Investors are opening their minds and wallets to the possibilities of psychedelic-assisted therapies. Three biopharmaceutical companies aiming to make psychedelic drugs to treat mental health disorders have gone public in recent months: Peter Thiel-backed Atai Life Sciences IPO'd in June and now has a market cap of $2.6 billion; MindMed went public in April and now has a market cap […]

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Zomato’s blockbuster listing boosts start-up ecosystem

For large start-ups the US market is considered to be a preferred destination, as Indian investors were seen as hesitant to pay the kind of valuation private equity investors or the US markets pay. However, Zomato’s listing has quashed these notions. The enthusiastic response to Zomato’s initial public offering (IPO) and the listing day surge is likely to act as […]

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U.S. Stocks Move Modestly Lower After Seeing Early Strength

After moving modestly higher early in the session, stocks have turned mostly lower over the course of the trading day on Wednesday. The major averages have pulled back well off their highs of the session and into negative territory. Currently, the major averages are posting modest losses. The Dow is down 41.67 points or 0.1 percent at 34,847.12, the Nasdaq […]

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U.S. Stocks May See Initial Strength On Powell Comments

Following the pullback seen in the previous session, stocks may move back to the upside in early trading on Wednesday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 16 points. Early buying interest may be generated in reaction to Federal Reserve Chair Jerome Powell’s prepared remarks before […]

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Flexicap emerges as a hot segment in Rs 11 trn equity MF space

At the end of June, the assets under management in the flexi-cap segment stood at Rs 1.76 trillion, the second highest after the large-cap category. The recently-created flexi-cap fund category is emerging as the hottest segment in the Rs 11-trillion equity mutual funds (MFs) space. Buoyed by the success of ICICI Prudential Flexicap Fund, other MFs are lining up new […]

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Apple Delays Employees’ Return To Office Amid Covid Surge

Apple has told employees that they won’t be expected to return to the office until October 1 at the earliest, according to multiple reports. The world’s largest company previously had set employees’ return for early September. In an email sent to staff Monday, Apple said the new date could shift again depending on the spread of the virus. It promised […]

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US Reports Highest Daily Count In COVID Cases In 2 Months

32765 new coronavirus infections were reported in the United States on Monday, which is the highest daily count since May 8. The seven-day average is 23025. The sudden surge in numbers may be attributed to addition of backlogs due to reporting delay at the weekend. With this, the national total number of cases has increased to 33,888,739, as per the […]

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Israel-based Spyware Pegasus Into The Headlines

Israel-based software firm The NSO group-owned spyware Pegasus has raised havoc across the globe, after the software is reported to have collected data from about 50 thousand smartphones, including those of activists, journalists, business executives, and politicians around the world. According to reports, numbers of Indian cabinet ministers, scientists, high-ranking government officials, and famous journalists have also ended up in […]

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