Tag: Billion

The $120 Billion Idea Behind This Year’s Nobel Prize in Economics

(Bloomberg Businessweek) — You know that feeling of elation when you win an auction—say, a bidding war for a house—and how it’s immediately followed by that sinking feeling that you overpaid? That’s the winner’s curse. It’s a real thing. Once you stop to think, you realize there’s probably a good reason other people weren’t willing to pay as much as you did. By winning, you just lost.

Loading...

Load Error

Understanding the winner’s curse, and how to avoid it, is part of the reason Stanford University economists Robert Wilson and Paul Milgrom won this year’s Nobel Prize in economics—formally called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (PDF).

Wilson’s and Milgrom’s work is unusual in that it’s both theoretical and highly practical. The U.S. Federal Communications Commission raised more than $120 billion for taxpayers from 1994 through 2014 by selling off wireless frequencies using an auction

Read More

Healthcare Consulting Services Market to Reach $15.88 billion by 2023 With Increasing Demand for Digital Consultancy

According to the new market research report“Healthcare Consulting Services Marketby Type of Service (Strategy Consulting, Digital Consulting, IT Consulting, Operations Consulting, Financial Consulting, HR Talent Consulting), End User & Region – Global Forecast to 2023“, published by MarketsandMarkets™, the global Healthcare Consulting Services Market is projected to reachUSD 15.88 billionby 2023 fromUSD 9.76 billionin 2018, at a CAGR of 10.2%.

Don’t miss out on business opportunities inHealthcare Consulting Services Market.

The Healthcare Consulting Services Market is primarily driven by significant growth in the geriatric population, rising importance of value-based care, and technological advancements in healthcare.

Based on the type of service, the digital consulting service segment is projected to register the highest growth (value) during the forecast period

Based on the type of service, the market is segmented into digital consulting, IT consulting, strategy consulting, operations consulting, financial consulting, and HR & talent consulting. The

Read More

The $700 billion Hispanic business market in the U.S. is now at the tipping point

  • As gridlock over another round of stimulus for small business in Washington continues, 5 million Latinos are at risk of bankruptcy, a new study reveals on Sunday.
  • Pre-pandemic they were the fastest-growing cohort on Main Street and contributed 4% to U.S. GDP.
  • Latino companies that applied for the Paycheck Protection Program have seen a 21% drop in revenue since February while their costs for PPE and other safety measures rise.



a group of people walking on a city street: Small businesses line Bagley Avenue in the Mexicantown neighborhood of Southwest Detroit, Michigan.


© Provided by CNBC
Small businesses line Bagley Avenue in the Mexicantown neighborhood of Southwest Detroit, Michigan.

As gridlock over another round of stimulus for small business in Washington continues, 5 million Latinos are at risk of bankruptcy, a new study reveals on Monday. Pre-pandemic they were the fastest-growing cohort on Main Street and contributed 4% to U.S. GDP. Their demise portends a troubling trend that can upend communities across America.

Statistics reveal the story. Latino companies that applied

Read More

Business Intelligence Market Witness the Growth of $33.3 Billion by 2025 | Oct 5, 2020

Northbrook, IL — (SBWIRE) — 10/05/2020 — According to a research report “Business Intelligence Market by Component (Solutions and Services), Solution (Dashboards and Scorecards, Data Integration and ETL), Business Function (Finance, Operation), Industry Vertical (BFSI, Telecom and IT), and Region – Global Forecast to 2025”, size to grow from USD 23.1 billion in 2020 to USD 33.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period. Various factors such as the growing focus on digital transformation, rising investments in analytics, rising demand for dashboards for data visualization, increase in adoption of cloud, and increase in data generation are expected to drive the growth of the business intelligence market.

Browse 232 market data Tables and 54 Figures spread through 280 Pages and in-depth TOC on “Business Intelligence Market- Global Forecast to 2025”

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1048

Business Intelligence solutions and services providers are witnessing

Read More

EU unveils 9 billion euro investment plan for the Balkans

The European Union says it will invest up to 9 billion euros ($10.6 billion) in the Western Balkans to help develop transport and energy infrastructure and spur economic growth and employment in six countries of the volatile region

BRUSSELS — The European Union said Tuesday that it will invest up to 9 billion euros ($10.6 billion) in the Western Balkans to help develop transport and energy infrastructure and spur economic growth and employment in six countries of the volatile region.

The EU’s executive arm, the European Commission, said the funds will be invested in Albania, Bosnia-Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia from 2021-2027. The countries have ambitions to join the EU and the funds will help bring their economies into line with the bloc’s standards

The plan will see money funneled into 10 main areas, including road and rail networks,

Read More

Online Dating Market Size is Projected to Reach USD 3.592 Billion by 2025 – Valuates Reports

BANGALORE, India, Oct. 6, 2020 /PRNewswire/ — According to the Latest Market Research Report “Online Dating Market on the Basis of Services (General Online Dating Services, Merging Online Dating Services, Niche Online Dating Services, Relationship Services, and Social/Event Networking Sites), Basis of Age Group (18 to 24 Years, 25 to 34 Years, 35 to 44 Years, 45 to 54 Years, and 55 to 64 Years) Basis of Product (Apps and Website) Basis of Subscription (Non-Paid Online Dating Services and Paid Online Dating Services) and Based on Region – Global Forecast to 2025“, published on Valuates Reports

The Global Online Dating Market Size is expected to grow from USD 2.230 Billion in 2019 to USD 3.592 Billion by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 8.26%.

In 2020, revenue growth for the dating services industry is likely to see substantial increases,

Read More

Mexico unveils private-backed $14 billion investment plan to lift ailing economy

By Dave Graham

MEXICO CITY (Reuters) – Mexico’s government presented an almost $14 billion infrastructure investment plan on Monday as President Andres Manuel Lopez Obrador seeks to repair rocky relations with business leaders and lift the struggling economy.

The package, mostly privately financed, is the first clear sign of corporate bosses’ readiness to invest under Lopez Obrador since the coronavirus pandemic plunged Latin America’s no. 2 economy into its biggest slump since the Great Depression.

Ranging from a concession to revive a planned train link between Mexico City and the central city of Queretaro, to investments for state oil firm Petroleos Mexicanos (Pemex), the raft comprises some 39 projects, the government said.

Unveiling the plan, worth over 297 billion pesos ($13.83 billion), at a news conference, Lopez Obrador extended a hand to corporate bosses with conciliatory language.

“We have no problem with business leaders. On the contrary, they deserve our

Read More

Pacific Oak Strategic Opportunity REIT and Pacific Oak Strategic Opportunity REIT II Complete Merger to Form $2 Billion Company(1)

LOS ANGELES, Oct. 5, 2020 /PRNewswire/ — Pacific Oak Strategic Opportunity REIT, Inc. announced today the completion of its previously announced merger with Pacific Oak Strategic Opportunity REIT II, Inc.  in a stock-for-stock transaction, creating a combined company with in excess of $2 billion(1) in gross real estate and real estate-related assets. The combined company has retained the name “Pacific Oak Strategic Opportunity REIT, Inc.” and the merger is expected to qualify as a tax-free reorganization.

“We appreciate the trust and confidence of our stockholders and thank them for their support and votes in favor of the merger,” said Keith D. Hall, chief executive officer and a director of Pacific Oak Strategic Opportunity REIT. “We believe the merger creates a stronger and more robust company, and provides significant benefits to stockholders, including improved access to capital markets and reduced operating costs.”

Under the terms of the merger,

Read More

K+S signs agreement for $3.2 billion sale of Morton Salt business

Updates with latest statement, adds details

BERLIN, Oct 5 (Reuters)K+S SDFGn.DE has signed an agreement to sell its North and South American salt business to Stone Canyon Industries Holdings and affiliates for $3.2 billion, the German minerals miner said in a statement on Monday.

Shares in K+S SDFGn.DE rose 19% percent earlier in the day after the company confirmed it was in advanced talks to sell its salt business in the Americas.

The closing of the transaction is expected to occur in summer 2021 and the purchase price will be paid in cash, according to the statement.

Bloomberg News previously reported the negotiations with Kissner, a producer and supplier of salt controlled by holding company Stone Canyon Industries.

K+S put its Americas salt business on the block in March as part of plans to sell its debt and focus on potash fertiliser products.

K+S closed at 6.98

Read More

Bristol Myers Expands Heart Drug Business With $13 Billion Deal for MyoKardia | Investing News

(Reuters) – Bristol Myers Squibb Co

said on Monday it would buy MyoKardia Inc

for about $13 billion to bolster its portfolio of heart disease treatments, ahead of the potential loss of sales exclusivity of some of its blockbuster drugs.

The deal comes close on the heels of Bristol Myers’ $74 billion acquisition of Celgene last year, which was aimed at creating an oncology giant and shielding itself from fierce competition for its cancer immunotherapy, Opdivo, from Merck & Co’s

Keytruda.

Shares of MyoKardia, which have nearly doubled in value this year, surged another 57.8% to $220.31, just shy of the offer of $225 per share.

The deal will also help Bristol Myers reduce some of its dependence on cancer drugs and give it access to Myokardia’s lead heart drug candidate with blockbuster potential, mavacamten, adding to its existing portfolio of heart drugs that includes blood thinner Eliquis.

Eliquis, which

Read More