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GS Jun 2022 230.000 call

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  • Oil Falls as Inflation Hits Sentiment and Colonial Pipe Restarts
    Bloomberg

    Oil Falls as Inflation Hits Sentiment and Colonial Pipe Restarts

    (Bloomberg) -- Oil snapped a four-day gain as markets broadly retreated on inflation concerns and a key U.S. fuel pipeline restarted.West Texas Intermediate lost 2.1%, while Brent retreated too. China’s Premier Li Keqiang urged the country to deal effectively with the commodity price surge and its impact, according to a state television report, echoing previous comments from officials. Inflation fears continued to dominate wider markets, though U.S. equity futures erased an earlier loss.In the U.S., the Colonial Pipeline -- a key source of gasoline for the East Coast -- is returning to service after a cyberattack last Friday. That’ll bring relief to motorists after panic-buying emptied out some gas stations and retail prices topped $3 a gallon. In futures markets, profits to produce the fuel slumped after news of the restart.Oil is among a number of commodities that have rallied hard this year as investors wager that the economic recovery from the coronavirus outbreak will spur consumption. The IEA said in its monthly report the supply glut created by the pandemic has cleared. Still, Covid-19 flare-ups in many parts of Asia, particularly India, continue to cloud the outlook for consumption.“Lack of recent conviction in higher prices is obvious and understandable,” said Tamas Varga, an analyst at PVM Oil Associates Ltd. “Concerns are growing that the untamed spread of the coronavirus in India and in South East Asia will dent oil demand.”While the Colonial Pipeline has restarted, fuel shortages are still lingering. The Biden Administration has lifted a mandate on using exclusively U.S. ships in order to help ease a crunch on gasoline supplies.Separately, Yemen’s Shiite Houthi rebels claimed a drone and missile attack against targets in Saudi Arabia including oil facilities, according to a statement on a rebel-run television channel. Such attacks have risen this year, though they rarely cause much damage.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Goldman Sachs Announces New Advisory Council Members and Partners for Initiative to Commit $10 Billion in Investment Capital and $100 Million in Philanthropic Capital To Impact The Lives of One Million Black Women
    Business Wire

    Goldman Sachs Announces New Advisory Council Members and Partners for Initiative to Commit $10 Billion in Investment Capital and $100 Million in Philanthropic Capital To Impact The Lives of One Million Black Women

    The Goldman Sachs Group, Inc. (NYSE: GS) today announced new developments for the One Million Black Women initiative, which has committed more than $10 billion to advance racial equity and economic opportunity by investing in Black women.

  • Bloomberg

    Tencent-Backed Miaoshou Weighs $500 Million Hong Kong IPO

    (Bloomberg) -- Beijing Yuanxin Technology Co., which runs pharmaceutical e-commerce platform Miaoshou Doctor, is weighing a Hong Kong initial public offering that could raise at least $500 million, according to people familiar with the matter.The company, which counts Tencent Holdings Ltd. and Qiming Venture Partners among its backers, is working with CLSA Ltd. and Goldman Sachs Group Inc. on the potential share sale, the people said. An offering could happen as soon as this year, said the people, asking not to be identified as the information isn’t public.Separately, Miaoshou Doctor is also looking to raise about $200 million to $300 million in a funding round before the first-time share sale, they said.Details of the IPO including size and timeline could still change as deliberations continue, the people said. Representatives for CLSA and Goldman Sachs declined to comment, while a representative for Miaoshou Doctor didn’t immediately respond to requests for comment.Founded in 2014, Miaoshou Doctor is an online platform that enables patients to consult with doctors remotely and get prescription recommendations. Customers can also purchase over-the-counter medicine through the website. Besides Tencent and Qiming, the company’s investors also include Sequoia China and CITIC Securities Co.Miaoshou Doctor is among a number of health-care technology companies looking to transform China’s health system and take advantage of strong investor demand. Companies marrying technology and health care have sought to benefit from greater use of online services since the start of the coronavirus pandemic.WeDoctor, another Tencent-backed medical platform, is also planning a Hong Kong IPO that could raise as much as $3 billion, Bloomberg News has reported. In January, Yidu Tech Inc., which offers artificial intelligence and big data products to the health-care industry, raised $610 million in a Hong Kong listing and has seen its share price go up about 43% since.(Adds details of Miaoshou’s backers in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.