October 2023 – Mayfair International Capital Limited

Logitech stock rose as the company reported a profit increase as it cut costs.

Logitech International (LOGI) stock jumped after the PC equipment provider announced a surge in earnings and upped its estimate based on decreased expenditures.

Merck and Daiichi Sankyo Reach Cancer Drug Agreement Worth Up to $22 Billion

Merck (MRK) agreed to pay Daiichi Sankyo $5.5 billion for the rights to develop and sell three of the Japanese company’s potential cancer treatments jointly.

AMD will buy Nod.AI, expanding its open-source AI software capabilities.

Advanced Micro Devices (AMD) announced the purchase of Nod.AI, an artificial intelligence (AI) software business, on Tuesday in an effort to expand its open-source AI products and services.

Midday market gains as weaker-than-expected private sector hiring alleviates rate hike fears.

At lunchtime, US markets were higher after a data suggesting a slowdown in private sector hiring alleviated concerns that a healthy job market would encourage the Fed to continue raising interest rates to combat inflation. The Dow, S&P 500, and Nasdaq all increased.