> ## Content Index > Fetch the complete content index at: https://newsletters.qs.com/llms.txt > Use this file to discover other available public pages before exploring further. # πŸ’° $1.1B EV Funding. Pharmaceuticals Gains 8%. - URL: https://newsletters.qs.com/1-1b-ev-funding-pharmaceuticals-gains-8/ - Published: 2024-03-04T12:05:39.000Z - Updated: 2024-03-05T05:37:18.000Z - Description: Impact Capital Markets #41 looks at our Pharmaceuticals stock index, major impact deals, M&A, and upcoming economic releases. - Author: QS - Tags: Deals **Mālō e lelei** 🌴 πŸ“‰ **Today's Global Economic Update:** Euro Area Inflation Data released last Friday [revealed a YoY decline to 2.6% in February 2024](https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Inflation%5Fin%5Fthe%5Feuro%5Farea&ref=newsletters.qs.com), down from 2.8% in January. The decrease was primarily driven by price stabilization in the energy sector, which saw a 3.7% fall in energy prices from -6.7% in January. πŸš— **Deal of the Day:** iM Motors, a China-based electric vehicles manufacturer, raised a [$1.1B Series B](https://equalocean.com/news/2024030120550?ref=newsletters.qs.com) to develop new models and expand market channels. **What's New?** - πŸ’Š **Pharmaceuticals**. Pharmaceuticals Index gains 8% - **πŸ’° Funding.** iM Motors raises $1.1B + biopharmaceutical & mental health deals - πŸ’Ό **M&A.** Solar energy, waste management, wind power & pest control - πŸ“… **Economics.** Major balance of trade data, unemployment data, US inflation data + more *For unlimited access to more deals and economic updates,* [*request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.qs.com) ## **πŸ’Š** Pharmaceuticals Index Gains 8% ![](https://storage.ghost.io/c/f1/d4/f1d411df-6f49-4c75-a302-f8c9e9f59495/content/images/2024/03/HolonIQ_HolonIQ_Pharmaceutical_HIQPHARM_HCHYK7ZTCIF4P2SV2I5W--1-.png) HolonIQ’s Pharmaceuticals Index has experienced an 8% increase over the past year. Major stocks in the index have risen, with Eli Lilly & Co. ($743B MCap) increasing 145%, Novo Nordisk ($420B MCap) rising 69% and Merck & Co. ($322B MCap) gaining 14%. The pharmaceutical industry has seen many opportunities over the last year, with the weight-loss market buoyed by the success of GLP-1 medications like Ozempic and Rybelsus, offering breakthroughs. Eli Lilly & Co and Novo Nordisk are two companies benefiting from this, with the success of products such as Mounjari and Zepbound resulting in significant boosts to their share values. However, the industry has also encountered challenges, with inflation driving up costs and affecting consumer demand, particularly affecting smaller sponsor-owned firms operating within tight margins. Mounting regulatory pressures concerning drug pricing and reimbursement policies, such as the [Inflation Reduction Act ](https://www.hhs.gov/inflation-reduction-act/index.html?ref=newsletters.qs.com)and potential Medicare pricing changes, could also present hurdles for industry players in the near future. ## **πŸ’°** Funding πŸš— **iM Motors,** a Chinese electric vehicles manufacturer, raised a [$1.1B Series B](https://equalocean.com/news/2024030120550?ref=newsletters.qs.com) from Bank of China Financial Assets Investment. The funding will be used to develop new models and expand market channels. πŸ’Š **FogPharma,** a Massachusetts-based clinical-stage biopharmaceutical company, raised a [$145M Series E ](https://www.finsmes.com/2024/03/fogpharma-raises-145m-financing.html?ref=newsletters.qs.com)from Nextech Invest for ongoing clinical developments. 🧠 **Matter Neuroscience,** a NYC-based well-being monitoring company, raised [$26M](https://www.finsmes.com/2024/03/matter-neuroscience-raises-26m-in-funding.html?ref=newsletters.qs.com) from Polaris Partners. The funding will be used to develop solutions to improve mental health. ## πŸ’Ό M&A β˜€οΈ **1komma5Β°,** a German solar tech developer, [acquired ](https://www.pv-magazine.com/2024/03/01/1komma5-acquires-australian-battery-installer/?ref=newsletters.qs.com) Arkana Energy Group, an Australian solar energy company that offers solar solutions for commercial and residential sectors. πŸ”„ **Univar Solutions,** an Illinois-based chemical distributor, [acquired](https://www.indianchemicalnews.com/supply-chain/univar-acquires-chemical-distributor-valley-solvents-chemicals-20848?ref=newsletters.qs.com) Valley Solvents & Chemicals Company, a Texas-based distributor of industrial solvents & chemicals. 🌬️ **AFRY,** a Swedish engineering services company, Carelin Oy, entered into an agreement to [acquire](https://news.cision.com/afry/r/afry-acquires-carelin-oy--a-finnish-market-leader-in-renewable-energy-project-management,c3938797?ref=newsletters.qs.com)aFinnish company that offers services to the wind power industry. 🐜 **Senske Lawn & Tree Care,** a Washington-based consumer services company focusing on pest control and grounds maintenance, [acquired](https://www.prnewswire.com/news-releases/senske-services-expands-into-maine-with-acquisition-of-turf-doctor-302076724.html?ref=newsletters.qs.com) Turf Doctor, a Maine-based lawn care and pest control company. ## **πŸ“…** Economic Calendar Major Balance of Trade, Unemployment Data, US Inflation Data + More ### Tuesday, March 5th 2024 πŸ‡ΊπŸ‡Έ [US ISM Services PMI, February](https://www.ismworld.org/?ref=newsletters.qs.com) ### Wednesday, March 6th 2024 πŸ‡¦πŸ‡Ί [Australia GDP Growth Data, Q4](https://www.abs.gov.au/?ref=newsletters.qs.com) πŸ‡©πŸ‡ͺ [Germany Balance of Trade, January](https://www.destatis.de/?ref=newsletters.qs.com) πŸ‡¨πŸ‡¦ [Canada BoC Interest Rate Decision](http://www.bankofcanada.ca/?ref=newsletters.qs.com) πŸ‡¨πŸ‡¦ [Canada Ivey PMI, February](https://www.ivey.uwo.ca/?ref=newsletters.qs.com) πŸ‡ΊπŸ‡Έ [US JOLTs Job Openings, January](https://www.bls.gov/?ref=newsletters.qs.com) ### Thursday, March 7th 2024 πŸ‡¦πŸ‡Ί [Australia Balance of Trade, January](https://www.abs.gov.au/?ref=newsletters.qs.com) πŸ‡¨πŸ‡³ [China Balance of Trade, Jan-Feb](http://www.customs.gov.cn/?ref=newsletters.qs.com) πŸ‡ͺπŸ‡¦ [Euro Area Deposit Facility Data](https://www.ecb.europa.eu/?ref=newsletters.qs.com) πŸ‡ͺπŸ‡¦ [Euro Area ECB Interest Rate Decision](https://www.ecb.europa.eu/?ref=newsletters.qs.com) πŸ‡¨πŸ‡¦ [Canada Balance of Trade, January](https://www.statcan.gc.ca/?ref=newsletters.qs.com) πŸ‡ͺπŸ‡¦ [Euro Area ECB Press Conference](https://www.ecb.europa.eu/home/html/index.en.html?ref=newsletters.qs.com) ### Friday, March 8th 2024 πŸ‡¨πŸ‡¦ [Canada Unemployment Data, February](https://www.statcan.gc.ca/?ref=newsletters.qs.com) πŸ‡ΊπŸ‡Έ [US Non-Farm Payrolls, February](https://www.bls.gov/?ref=newsletters.qs.com) πŸ‡ΊπŸ‡Έ [US Unemployment Data, February](https://www.bls.gov/?ref=newsletters.qs.com) ### Tuesday, March 12th 2024 πŸ‡¦πŸ‡Ί [Australia NAB Business Confidence, February](http://business.nab.com.au/?ref=newsletters.qs.com) πŸ‡¬πŸ‡§ [UK Unemployment Data, January](https://www.ons.gov.uk/?ref=newsletters.qs.com) πŸ‡ΊπŸ‡Έ [US Core Inflation Data, February](http://www.bls.gov/?ref=newsletters.qs.com) πŸ‡ΊπŸ‡Έ [US Inflation Data, February](https://www.bls.gov/?ref=newsletters.qs.com) ### Wednesday, March 13th 2024 πŸ‡¬πŸ‡§ [UK GDP Data, January](https://www.ons.gov.uk/?ref=newsletters.qs.com) ### Thursday, March 14th 2024 πŸ‡ΊπŸ‡Έ [US PPI Data, February](https://www.bls.gov/?ref=newsletters.qs.com) πŸ‡ΊπŸ‡Έ [US Retail Sales Data, February](https://www.census.gov/?ref=newsletters.qs.com) ### Friday, March 15th 2024 πŸ‡ΊπŸ‡Έ [US Michigan Consumer Sentiment (Preliminary), March](http://www.sca.isr.umich.edu/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) --- **Like getting this newsletter?* For unlimited access to more deals and economic updates,* [*request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.qs.com)*.* --- **Thank you for reading. 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