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Honda Motor Co. and Nissan Motor Co. are preparing to start negotiations on a possible merger, which ultimately could be expanded to include Mitsubishi Motors Corp., Japan’s Nikkei reported Tuesday. Such a deal would create an automotive rival to Toyota Motor Corp. that would effectively consolidate the Japanese auto industry into two camps. It would also provide Honda and Nissan with more resources to compete with larger peers after downsizing long-held global partnerships with other carmakers: France’s Renault SA for Nissan and General Motors Co. for Honda. The move toward a merger would follow a decision by the two companies earlier this year to work together on electric vehicle batteries and software. At that time, Honda Chief Executive Officer Toshihiro Mibe floated the possibility of a capital tie-up with Nissan. While Honda and Nissan stopped short of confirming Tuesday’s report, both automakers issued statements that reiterated their previous pledges for further future cooperation. “We will inform our stakeholders of any updates at an appropriate time,” Honda said in its statement. Taking on Tesla The two major Japanese carmakers plan to sign a memorandum of understanding to discuss shared equity stakes in a new holding company under which the combined company would operate, the Nikkei said, without citing sources. The merger would help the manufacturers compete against rivals in electric vehicles such as Tesla Inc. and Chinese automakers, it said. It also puts them in a better position to compete at home and abroad with Toyota, the world’s largest automaker. Toyota has taken stakes in Subaru Corp., Suzuki Motor Corp. and Mazda Motor Corp., creating a powerhouse of brands backed by its top-notch credit rating. Honda, Nissan and Mitsubishi combined sold about 4 million vehicles globally in the first six months of the year, well shy of the 5.2 million that Toyota sold on its own. Honda’s valuation stood at 6.8 trillion yen ($ 44.4 billion) as of the close of trading in Tokyo on Tuesday, well above Nissan’s 1.3 trillion yen market capitalisation. But even their combined value is dwarfed by Toyota’s 42.2 trillion yen. Honda has long struggled to keep up with bigger capitalised rivals when it comes to investments in new technologies. It recently has shifted gears to boost hybrid gas-electric vehicles even as it spends billions of dollars on all-electric production. Honda’s arms-length partnership with GM has been weakened bit by bit, most recently earlier this month when their self-driving car partnership ended. Meanwhile, GM has strengthened its ties with South Korea’s Hyundai Motor Co. Unwinding Renault Alliance Nissan has partially unwound its complex 25-year strategic partnership with Renault, a fixation of former Chair Carlos Ghosn. Rivalries and mutual suspicion mounted over the years and came to a head when Ghosn openly contemplated a merger, contributing to his downfall. The former chairman and CEO, who has filed a suit against his former company for ousting him in 2018, warned of a “disguised takeover” of Nissan by Honda in an August interview with Automotive News. Nissan also has stepped up restructuring efforts to cope with stalled revenue growth and lower profits. It faces pressure from an activist shareholder and a daunting debt load that has led to speculation in credit markets about its investment grade rating. The reported merger talks come after the Financial Times said last month that Nissan was looking for an anchor investor to replace part of Renault’s equity holding and that it hadn’t ruled out having Honda buy some of its shares.As the applause died down and Jack Ma left the stage, a sense of anticipation hung in the air. What would the future hold for this legendary figure and his company? Only time would tell, but one thing was certain - Jack Ma's return had reignited hope and excitement for what lay ahead.In the coming weeks, all eyes will be on the proceedings as Zhang Jizhong's ex-wife pursues forced execution of the court's judgement. The outcome of the case will undoubtedly have far-reaching implications for both parties involved, as well as for the broader legal landscape in China.fortune gems 。

Jefferson keeps seeing double as Vikings aim to stay focused on overall offensive productionHaryana governor reviews Int’l Gita Mahotsav preparationshas faced accusations his government has stripping cash from pensioners in the Budget. Labour peer Lord Sikka even suggested enough money could be raised to cancel the party’s highly controversial winter fuel payment cut and scrap the much-criticised two-child . The row centres on the Rachel Reeves’ decision to last month. The move has led to howls of protest from businesses, charities and even GPs, who stand to be affected. But members of limited liability partnerships (LLPs) escaped the tax raid. Many law, accountancy, architects and private equity firms structure themselves as LLPs, and their members are treated as self-employed for national insurance purposes, meaning they pay the lower Class 4 rate – despite often earning large salaries. It was thought they government may look to close this loophole in October’s Budget, although such measures were not announced by the chancellor. Lord Sikka, a former accountancy professor, said that the government had “let off accountancy, architects (and) private equity firms.” He also suggested that the Treasury could have taken in £4bn from just four of the largest law firms, “enough to cancel (the) two-child benefit cap (and the ) winter fuel payment cut”. Lord Sikka told there seemed to be “no political will” to change the situation. Tax expert Dan Neidle called two years ago for the system to be changed and warned: "The UK taxes high-earning lawyers less than bankers. That’s irrational – and illustrates a wider problem with the tax system. It’s hard to change, but we’d all benefit if we taxed all income in the same way." s after Labour blamed the last Conservative government for . Ministers have pledged to protect less well-off pensioners and urged them to apply for pension credit, under which they would still be eligible for the £200-300 payout this winter. But they have faced accusations they risk forcing older people to choose between heating and eating. Ministers said last month that they planned to who they feared would miss out on the payments after the changes – but many face delays in having their applications for pension credits processed. Labour faced its first backbench revolt over the two child cap, which affects 1.6 million children, earlier this year. Charities, opposition parties and some Labour MPs all urged Sir Keir to abolish the cap, brought in as an austerity measure under the Conservative coalition government. Introduced by the then-chancellor George in 2015, the policy limits child welfare payments to the first two children in most families. The charity Action for Children has called the measure “cruel” and said it “creates and entrenches child poverty”. The Treasury has been approached for comment.

NoneIn the end, after days of deliberation, the panel announced their decision. Manchester City was found guilty of some of the allegations, while others were dismissed due to lack of concrete evidence. The club was handed a significant fine and a ban from European competitions for a number of seasons. The ruling was met with a mix of relief and disappointment from both supporters and critics.

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Daiwa Securities Group Inc. trimmed its position in shares of Incyte Co. ( NASDAQ:INCY – Free Report ) by 4.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,649 shares of the biopharmaceutical company’s stock after selling 1,060 shares during the period. Daiwa Securities Group Inc.’s holdings in Incyte were worth $1,365,000 at the end of the most recent reporting period. Other hedge funds have also recently added to or reduced their stakes in the company. Kennedy Capital Management LLC acquired a new position in Incyte in the first quarter valued at approximately $463,000. Greenwood Capital Associates LLC acquired a new position in shares of Incyte in the 3rd quarter valued at $433,000. Andra AP fonden grew its position in shares of Incyte by 35.2% in the 2nd quarter. Andra AP fonden now owns 247,800 shares of the biopharmaceutical company’s stock valued at $15,022,000 after buying an additional 64,500 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in Incyte by 19.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 152,452 shares of the biopharmaceutical company’s stock worth $8,652,000 after acquiring an additional 24,328 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Incyte by 54.0% in the second quarter. SG Americas Securities LLC now owns 67,936 shares of the biopharmaceutical company’s stock valued at $4,118,000 after acquiring an additional 23,817 shares during the last quarter. Institutional investors and hedge funds own 96.97% of the company’s stock. Incyte Stock Performance Shares of INCY stock opened at $74.59 on Friday. The firm has a market capitalization of $14.37 billion, a price-to-earnings ratio of 532.82, a price-to-earnings-growth ratio of 8.70 and a beta of 0.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.82 and a current ratio of 1.87. The company has a 50 day moving average price of $70.76 and a 200 day moving average price of $65.11. Incyte Co. has a one year low of $50.35 and a one year high of $83.95. Insider Activity In related news, EVP Jonathan Elliott Dickinson sold 8,450 shares of Incyte stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $62.36, for a total transaction of $526,942.00. Following the sale, the executive vice president now owns 36,390 shares of the company’s stock, valued at $2,269,280.40. The trade was a 18.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website . Also, EVP Barry P. Flannelly sold 3,680 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $79.68, for a total transaction of $293,222.40. Following the completion of the transaction, the executive vice president now owns 58,042 shares in the company, valued at $4,624,786.56. This represents a 5.96 % decrease in their position. The disclosure for this sale can be found here . In the last 90 days, insiders have sold 12,702 shares of company stock valued at $856,166. Company insiders own 17.60% of the company’s stock. Wall Street Analysts Forecast Growth INCY has been the topic of several research reports. Oppenheimer raised their price objective on Incyte from $81.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Citigroup lifted their price target on Incyte from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Guggenheim boosted their price objective on Incyte from $86.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, September 16th. StockNews.com upgraded shares of Incyte from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of Incyte in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Incyte has an average rating of “Hold” and a consensus price target of $77.16. Check Out Our Latest Report on Incyte About Incyte ( Free Report ) Incyte Corporation, a biopharmaceutical company, engages in the discovery, development, and commercialization of therapeutics for hematology/oncology, and inflammation and autoimmunity areas in the United States and internationally. The company offers JAKAFI (ruxolitinib) for treatment of intermediate or high-risk myelofibrosis, polycythemia vera, and steroid-refractory acute graft-versus-host disease; MONJUVI (tafasitamab-cxix)/MINJUVI (tafasitamab) for relapsed or refractory diffuse large B-cell lymphoma; PEMAZYRE (pemigatinib), a fibroblast growth factor receptor kinase inhibitor that act as oncogenic drivers in liquid and solid tumor types; ICLUSIG (ponatinib) to treat chronic myeloid leukemia and Philadelphia-chromosome positive acute lymphoblastic leukemia; and ZYNYZ (retifanlimab-dlwr) to treat adults with metastatic or recurrent locally advanced Merkel cell carcinoma, as well as OPZELURA cream for treatment of atopic dermatitis. Featured Articles Want to see what other hedge funds are holding INCY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Incyte Co. ( NASDAQ:INCY – Free Report ). Receive News & Ratings for Incyte Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Incyte and related companies with MarketBeat.com's FREE daily email newsletter .KNOXVILLE, Tenn. (AP) — Nico Iamaleava threw for 209 yards and four touchdowns to lead No. 10 Tennessee to a 56-0 victory over UTEP on Saturday. The Volunteers (9-2) overcame a sluggish start to roll up the impressive win. Both teams were scoreless in the first quarter, but Tennessee found its rhythm. Grad student receiver Bru McCoy, who hadn't caught a touchdown pass this season, had two. Peyton Lewis also ran for two scores. Tennessee's defensive line, which had no sacks in last week's loss to Georgia, had three against the Miners. UTEP (2-9) struggled with two missed field goals and three turnovers. Tennessee's offense came alive with 28 points in the second quarter. In the final four drives of the quarter, Iamaleava completed 11 of 12 passes for 146 yards and touchdowns to Squirrel White, Ethan Davis and McCoy. UTEP was the dominant team in the first quarter. Tennessee managed just 37 offensive yards and, thanks to an interception near the end zone and a missed field goal by the Miners, both teams were scoreless after 15 minutes. POLL IMPLICATIONS Tennessee’s convincing victory, coupled with losses by Mississippi and Indiana, should put the Volunteers in a good position when the next College Football Playoff poll is released. The Vols were ranked No. 11 going into this week’s games. THE TAKEAWAY UTEP: The Miners will head into a very winnable game against New Mexico State having won two of their last five games. First-year coach Scotty Walden will try to build on that success in the offseason to help enhance his roster. Tennessee: Even a lopsided win won’t carry much weight where it means the most — in the College Football Playoff rankings. The Vols will have to rely on a convincing win against Vanderbilt next week, a team that has shown a lot of improvement this season, to help their standing for those coveted spots. UP NEXT UTEP: The Miners will finish their season at New Mexico State Saturday. Tennessee: The Vols will finish their regular season at Vanderbilt next Saturday. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football