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# 💰 $470M+ VC Funding Day. Publishers Index Ends Flat.
- URL: https://newsletters.qs.com/470m-vc-funding-day-publishers-index-ends-flat/
- Published: 2024-04-19T11:00:50.000Z
- Updated: 2024-04-19T11:00:49.000Z
- Description: Impact Capital Markets #75 looks at our Publishers stock index, major impact deals, M&A, and upcoming economic releases.
- Author: QS
- Tags: Deals

[**Ciao**](https://en.wikipedia.org/wiki/Ciao?ref=newsletters.qs.com) 🍕

📉 **Today's Global Economic Update:** Japan's Inflation Data released yesterday revealed a [decrease in inflation to 2.7% from February's 2.8%, aligning with expectations](https://www.stat.go.jp/data/cpi/sokuhou/tsuki/index-z.html?ref=newsletters.qs.com). Prices for goods and services slowed, while energy prices declined less due to subsidy reductions. Core inflation fell slightly below forecasts at 2.6%, and monthly consumer prices increased by 0.2%, the highest since October.

🔬 **Deal of the Day:** Metsera, a clinical-stage biopharmaceutical company launched with [$290M in Series A and seed](https://metsera.com/news?ref=newsletters.qs.com) financing.

**What's New?** 
  
**📖 Publishers.** Publishers index ends flat  
**💰 Funding.** Biopharma, EV charging, geothermal energy + more  
💼 **M&A.** Health tech & laboratory analytics  
📅 **Economics.** US GDP, Japan inflation & interest rate decision + more

## **📖** Publishers Index Ends Flat

![](https://storage.ghost.io/c/f1/d4/f1d411df-6f49-4c75-a302-f8c9e9f59495/content/images/2024/04/HolonIQ_HolonIQ_Publishers_HIQPUBL_HCHVANXVLLF092R3XG89--2-.png)

HolonIQ’s publisher index retraced gains seen earlier in the quarter, now showing a gain of less than 1%. Significant stocks within the index, including News Corp. ($14B MCap), Informa Plc ($13B MCap), and Pearson Plc ($8B MCap), reported quarterly returns of 1%, 6%, and 5%, respectively. Yearly index gains have also been partially reversed during the quarter, currently settling at \~9%. 

The widespread adoption of generative AI can have a significant impact on the publisher index. Publishers like News Corp have reportedly engaged in discussions with OpenAI to potentially license their content, amidst legal concerns surrounding the utilization of third-party content for training artificial intelligence systems. Last month, News Corp completed a share buyback in March while Pearson unveiled intentions to repurchase shares worth over $200M, and Informa expanded their stock buyback to $1.5B, which could be a positive sign for shareholders. With the market adapting to the new valuations, publishing companies are also enhancing their AI study tools, suggesting prospective growth for the index ahead.

## 💰 Funding  

🔬 **Metsera,** a New York-based clinical-stage biopharmaceutical company launched with [$290M in Series A and seed](https://metsera.com/news?ref=newsletters.qs.com) financing.

🚗 **SWTCH Energy,** a Canadian electric vehicle charging solutions company, raised a [$27.2M Series B](https://www.finsmes.com/2024/04/swtch-energy-raises-27-2m-in-series-b-funding.html?ref=newsletters.qs.com) from Blue Earth Capital to accelerate charging in multi-tenant buildings.

🩺 **Pathios Therapeutics,** a UK-based biotech company, raised [$25M Series B](https://www.prnewswire.com/news-releases/pathios-therapeutics-raises-25m-in-first-close-of-series-b-financing-to-advance-first-in-class-immunotherapy-approach-into-clinic-302119653.html?ref=newsletters.qs.com#:~:text=About%20Pathios%20Therapeutics&text=To%20date%2C%20Pathios%20has%20raised,investment%20from%20Bristol%20Myers%20Squibb.) from Bristol Myers Squibb to support its novel cancer immunotherapy.

🚀 **Orbex,** a UK-based spaceflight company, raised a [$20.7M Series D](https://dailybusinessgroup.co.uk/2024/04/orbex-funding-will-boost-rocket-development/?ref=newsletters.qs.com) to accelerate the advancement of its rocket designed for launching small satellites.

🌋 **GA Drilling,** a Texas-based geothermal drilling company, raised [$15M](https://www.globenewswire.com/news-release/2024/04/18/2865467/0/en/GA-Drilling-Announces-First-Close-of-15M-to-Accelerate-the-Delivery-of-Deep-Geothermal-Energy.html?ref=newsletters.qs.com) to accelerate the delivery of geothermal tech to replace fossil fuels.

🛡️ **Allen Control Systems,** a Texas-based defense technology company, raised a [$12M Seed](https://www.finsmes.com/2024/04/allen-control-systems-raises-12m-in-seed-funding.html?ref=newsletters.qs.com) from Craft Ventures to expand operations.

🧬 **Outrun Therapeutics,** a UK-based biotechnology company, raised a [$10M Seed](https://www.finsmes.com/2024/04/outrun-therapeutics-raises-10m-in-seed-financing.html?ref=newsletters.qs.com) from M Ventures and MP Healthcare Venture Management to expand operations and its R&D efforts.

## 💼 M&A  
  
[](https://www.facebook.com/sharer.php?u=https%3A%2F%2Ftech.eu%2F2024%2F04%2F11%2Fjobcannon-acquires-adsme-a-new-era-in-ai-driven-recruitment%2F)[](https://twitter.com/intent/tweet?text=JobCannon+acquires+Adsme+to+transform+AI-driven+job+recruitment&url=https%3A%2F%2Ftech.eu%2F2024%2F04%2F11%2Fjobcannon-acquires-adsme-a-new-era-in-ai-driven-recruitment%2F&via=tech%5Feu&ref=newsletters.qs.com)[](https://www.linkedin.com/cws/share?url=https://tech.eu/2024/04/11/jobcannon-acquires-adsme-a-new-era-in-ai-driven-recruitment/&ref=newsletters.qs.com)

💻 **DrFirst,** a Maryland-based health tech company, [acquired](https://drfirst.com/press-releases/drfirst-acquires-myndshft-technologies-to-revolutionize-medication-management-by-addressing-both-pharmacy-and-medical-benefits/?ref=newsletters.qs.com) Myndshft Technologies, an Arizona-based healthcare IT solutions provider.

🔬 **Analytical Instrument Management,** a Colorado-based lab equipment supplier, [acquired](https://www.prnewswire.com/news-releases/analytical-instrument-management-acquires-psi-laboratories-302120480.html?ref=newsletters.qs.com) PSI Labs, a Michigan-based full-service analytical laboratory.

## **📅** Economic Calendar

US GDP Data, Japan Inflation & Interest Rate Decision + More

### Friday, April 19th 2024

🇬🇧 [UK Retail Sales Data, March](https://www.ons.gov.uk/?ref=newsletters.qs.com)

### Tuesday, April 23rd 2024

🇩🇪 [Germany HCOB Manufacturing PMI (Flash), April](https://www.pmi.spglobal.com/public?ref=newsletters.qs.com)  
🇦🇺 [Australia Inflation Data, Q1](https://www.abs.gov.au/?ref=newsletters.qs.com)

### Wednesday, April 24th 2024

🇩🇪 [Germany Ifo Business Climate Index, April](https://www.ifo.de/?ref=newsletters.qs.com)  
🇺🇸 [US Durable Goods Orders Data, March](https://www.census.gov/?ref=newsletters.qs.com)

### Thursday, April 25th 2024

🇩🇪 [Germany GfK Consumer Confidence Index, May](https://www.gfk.com/de/home?ref=newsletters.qs.com)  
🇺🇸 [US GDP Growth Data, Q1](https://www.bea.gov/?ref=newsletters.qs.com)  
🇯🇵 [Japan BoJ Interest Rate Decision](https://www.boj.or.jp/?ref=newsletters.qs.com)

### Friday, April 26th 2024

🇺🇸 [US Core PCE Price Index, March](https://www.bea.gov/?ref=newsletters.qs.com)  
🇺🇸 [US Personal Income & Spending, March](https://www.bea.gov/?ref=newsletters.qs.com)

[](https://www.bea.gov/?ref=newsletters.qs.com)

[](https://www.ifo.de/?ref=newsletters.qs.com)

[](http://www.sca.isr.umich.edu/?ref=newsletters.qs.com)

[](https://www.ifo.de/?ref=newsletters.qs.com)

[](https://www.bea.gov/?ref=newsletters.qs.com)

[](https://www.ifo.de/?ref=newsletters.qs.com)

[](http://www.sca.isr.umich.edu/?ref=newsletters.qs.com)

[](https://www.ifo.de/?ref=newsletters.qs.com)

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