CPI

EQS-News: CPI PROPERTY GROUP publishes financial results for the first quarter of 2024

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суббота, июня 1, 2024
EPRA, CPI, Holocene, S&P Global, S&P, Investment, Capital expenditure, Hotel, NAV, FX, Growth, RCF, WAULT, ICR, LTV, Security (finance)

CPI PROPERTY GROUP (“CPIPG” or the “Group”), a leading European landlord, hereby publishes unaudited financial results for the three-month period ending 31 March 2024.

Key Points: 
  • CPI PROPERTY GROUP (“CPIPG” or the “Group”), a leading European landlord, hereby publishes unaudited financial results for the three-month period ending 31 March 2024.
  • The Group has closed more than €600 million of disposals year-to-date (€340 million in Q1 2024).
  • In addition, more than €600 million of signed disposals are expected to close in the coming months.
  • Net LTV is 49.7% pro forma only for disposals closed post-reporting date or to be closed in the coming months.

ImCheck to Present Promising ICT01 Data from the EVICTION Study at ASCO 2024

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четверг, мая 30, 2024
Patient, CPI, Pembrolizumab, Therapy, Safety, Cytokine release syndrome, ASCO, Poster, Society, Pharmaceutical industry

The poster will provide new data from the study assessing ICT01, a humanized anti-BTN3A monoclonal antibody that selectively activates γ9δ2 T cells, in combination with checkpoint inhibitor (CPI) pembrolizumab.

Key Points: 
  • The poster will provide new data from the study assessing ICT01, a humanized anti-BTN3A monoclonal antibody that selectively activates γ9δ2 T cells, in combination with checkpoint inhibitor (CPI) pembrolizumab.
  • “Our objective with the EVICTION study is to validate ICT01’s promise as an innovative therapy and inform the next steps of its clinical development.
  • The data presented at ASCO further define ICT01’s therapeutic potential, in particular in combination with pembrolizumab, where we see promising data in CPI-refractory patients.
  • Data from EVICTION presented at ASCO will include full safety data from all cohorts and preliminary efficacy data from ongoing assessments performed every 8 weeks in patients with metastatic melanoma.

Meeting of 10-11 April 2024

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вторник, мая 28, 2024
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We quantify both the direct and the portfolio re-balancing impact, emphasizing the role of investor heterogeneity.

Key Points: 
  • We quantify both the direct and the portfolio re-balancing impact, emphasizing the role of investor heterogeneity.
  • We use proprietary security-level data on asset holdings of different investors.
  • We measure the direct impact on security level, finding that it is smaller for securities predominantly held by more price-elastic investors, funds and banks.

The quantity theory of money, 1870-2020

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вторник, мая 28, 2024
Theta, Money, Social science, Economy, Canadian International Council, Moderated mediation, GDP, M1, L3, Monetarism, Credit, Private sector, Institute of Economic Affairs, Common, Ben Bernanke, American Economic Review, Statistics, CSD, Deutsche Bundesbank, Federal Reserve Bank, Journal, Section 2, Counter-revolutionary, 1940, University, YRT, World war, OTM, AMG, World War II, Bank of France, Research Papers in Economics, Real, Congress, Central bank, Quarterly Journal, ECB, Developed country, Filter (signal processing), Reproduction, L1, R.E, Behavior, Rot, Table, Great Moderation, COVID-19, QTM, Environmental economics, Forecasting, McCandless, Quantity, International, VAR, CIPS, Springer, CPI, Website, University of Chicago Press, Bank, Equation, Growth, The Economic Journal, ADF, Observation, IPAT, B23, Journal of Econometrics, Methodology, JEL, PMG, Causality, Chapter, Nicolaus Copernicus, Comparison, Bordo, Journal of Political Economy, 1970, Quarterly Journal of Economics, World War I, RT, Pure, EDS, Baumol–Tobin model, Elasticity, Post-war, Bound, B16, PDF, Section 4, Exercise, Bias, XT, Assenmacher, EQ, Science, D11, Band-pass filter, Note, E50, Periodicity, Art, E40, Cross-sectional study, Oxford University Press, European Central Bank, Literature, Chief Justice of India, ARDL, DJI, Politics, Research, Eastern Economic Journal, Panel data, Gold standard, University of Oxford, Data, Uji, CDP, Palladium

Working Paper Series

Key Points: 
    • Working Paper Series
      Alexander Jung

      The quantity theory of money,
      1870-2020

      No 2940

      Disclaimer: This paper should not be reported as representing the views of the European Central Bank
      (ECB).

    • Abstract
      This study re-assesses the validity of the quantity theory of money (QTM) for the very long sample,
      1870 to 2020, for 18 industrial countries using the dataset from Jord? et al.
    • ECB Working Paper Series No 2940

      1

      Non-technical summary
      The quantity theory of money (QTM) is a central tenet of monetary economics.

    • Second, panel regressions confirm the presence of long and variable lags in the monetary policy
      transmission, as predicted by Milton Friedman.
    • Introduction
      The quantity theory of money (QTM) is a central tenet of monetary economics and became the
      workhorse model of the Monetarist school in the 20th century.
    • 1 It postulates a stable long-run link
      between the quantity of money and prices and implies that money growth is a key driver of inflation
      over longer horizons.
    • Lucas (2006) emphasized that the monetary pillar of central bank policy decisively
      contributed to reducing inflation when it was too high.
    • In the 1970s and 1980s, central bankers and
      researchers paid much attention to the quantity equation, and many countries pursued monetary targeting
      as their monetary policy strategy (see Table 1).
    • Towards the end of the 20th century, severe velocity
      shocks occurred, thus violating the constant money velocity assumption of the quantity theory.
    • *** insert Table 1 here ***
      This study provides a reassessment of QTM based on panel approaches and using the dataset from
      Jord? et al.
    • (2017) for 18 industrial countries that allow to conduct tests for the very long sample from
      1870 to 2020.
    • The results show that an I(2) modeling strategy is not
      indicated (Juselius, 2021; Assenmacher and Beyer, 2020; Jung and Carcel Villanova, 2020).
    • Within this
      approach, I examine time variation by estimating the regressions for different subsamples and providing
      rolling window regressions of the CCEPMG estimator.
    • Second, panel regressions confirm the presence of long and variable lags in the monetary policy
      transmission, as predicted by Milton Friedman.
    • Notable exceptions are studies based on
      country approaches for the United States and the United Kingdom (e.g., Benati, 2005; Sargent and
      Surico, 2008).
    • Section 4 provides empirical results on the long-run link between excess
      money growth and inflation and section 5 concludes.
    • A well-known implication of the quantity theory is that in the long run (i.e., if V and Yr are fixed),
      the price level is proportional to the money stock, and there is no link between money growth and real
      variables.
    • The empirical literature has focused on the point that ?a given change in the quantity of money
      induces ? an equal change in the rate of price inflation? (Lucas, 1980).
    • The literature suggests that excess money growth, i.e., nominal money in excess of real GDP, is
      more closely related to inflation.
    • Lucas (1980 and 1996) suggested that the link between money growth and inflation may not be
      found in the data owing to statistical noise.
    • Chart 2 illustrates the long-run comovement between money growth and
      inflation for 18 industrial countries between 1900 and 2000.
    • whether a given change in the quantity of money induces
      an equal change in nominal rates of interest.
    • McCandless and Weber (1995) also examined the link between money
      growth and real GDP growth and found no correlation.
    • Testing the validity of the quantity theory may also face some limitations concerning the correct
      measurement of money growth or inflation.
    • Famous researchers have argued that the Divisia approach to calculating monetary aggregates
      would be best suited to test the quantity theory (Barnett, 1980; Lucas, 2000).
    • Long-run Evidence on the Quantity Theory of Money.
    • The quantity theory of money: Its historical evolution and role in policy debates.
    • Two illustrations of the quantity theory of money.
    • ), A journey
      from theory to practice ? an ECB colloquium held in honour of Otmar Issing, 16-17 March 2006, 168171.
    • Two illustrations of the quantity theory of money: breakdowns and revivals.
    • The dashed line illustrates a coefficient of 1, as stipulated by the quantity theory of money; for
      broad money, no data for Belgium was available until 1980.

Household inflation expectations: an overview of recent insights for monetary policy

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вторник, мая 28, 2024
Diamond, Directorate, Investment, Section 3, Sum, Canadian International Council, Journal of Consumer Affairs, Q&A, Motivation, American Economic Journal, European Economic Review, NBER, Credit, Vol, Long Shadow, Thumb, Trust, Semantics, Optimism, Research, American Economic Review, Journal of Monetary Economics, Disinflation, Central bank, Paper, Statistics, University of Chicago, Doepke, Movement, Economic Inquiry, Consumer protection, Collection, Topa, Federal Reserve Bank, Journal, Isabella Tree, Clinical study design, Section 2, International Economic Review, Cross, UC, Consumer confidence index, Prevalence, University, Suite, Overweight, Quarterly Journal of Economics, Appendix, Diffusion, DNB, Knowledge, Economy, Hand, Journal of Economics, German reunification, Macmillan Inc., Blinder, News, Risk, Emotion, International finance, Monetary economics, Quarterly Journal, Elsevier, Figure, FOMC, ECB, Importance, International economics, Journal of Financial Economics, Pessimism, Shleifer, Housing, Deutsche Bundesbank, Communication, 2022–23 Feyenoord season, Journal of Economic Literature, R.E, Behavior, Expected shortfall, Journal of International Economics, Skill, Consumer, COVID-19, Economic methodology, Employment, Macmillan Publishers, Forecasting, Bank, Fed, Policy, Attention, HICP, Memory, Patzelt, Communism, Environment, Acceleration, Female, CPI, Political economy, Working paper, Code, E31, Bank of England, Woman, Small business, Male, European, The Journal of Finance, See, Growth, American Economic Association, Observation, Electricity, Thought, Noise, RCT, Supermarket, Food, Persistent, Section 5, General Public, Probability, Synthetic control method, Social capital, Transmission, IMF Economic Review, Annual Review of Economics, National academy, Shock, Financial economics, Literacy, SCE, Journal of Political Economy, Second, George Selgin, Lane, Parent, Television, Intuition, SPF, Econometric Society, Inflation, Federal Open Market Committee, Cambridge University Press, Transport, Manuscript, Section 4, Bias, Maurice Vellekoop, Social media, Mishkin, FIRE, European Economic Association, Erosion, Academic Press, University of California, Berkeley, Learning, Neutral, Lighting, De Nederlandsche Bank, Internet, Traction, European Commission, Face, Methodology, European Central Bank, Data collection, Literature, Rate, Politics, New Keynesian economics, Radio, Ball, Journal of Economic Psychology, ELB, African Americans, CES, Acquisition, Logic, Cryptocurrency
Key Points: 

    Cullinan Therapeutics to Present First Data for CLN-619, a Novel Anti-MICA/B Antibody, in Combination with a Checkpoint Inhibitor and Updated Monotherapy Data at ASCO 2024

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    четверг, мая 23, 2024
    Patient, Doctor of Philosophy, CPI, Pembrolizumab, Therapy, Safety, EGFR, FACP, IRR, MBA, MD, Cancer, Fatigue, Pharmaceutical industry

    CAMBRIDGE, Mass., May 23, 2024 (GLOBE NEWSWIRE) -- Cullinan Therapeutics, Inc. (Nasdaq: CGEM), a biopharmaceutical company focused on developing modality-agnostic targeted therapies, today announced first clinical data from its Phase 1 dose escalation cohort of CLN-619 in combination with checkpoint inhibitor (CPI) pembrolizumab and updated results from the monotherapy dose escalation cohort in patients with advanced solid tumors. Findings from the clinical trial will be shared at the 2024 American Society of Clinical Oncology (ASCO) Annual Meeting as a poster presentation during the “Developmental Therapeutics—Immunotherapy” session (Abstract #2588, Poster Bd 67) on June 1, 2024, 9:00 AM-12:00 PM Central Time.

    Key Points: 
    • TRAEs reported in ≥10% of safety-evaluable patients (combination: n=22; monotherapy: n=42) were infusion-related reactions (IRRs) (combination: 18.2%; monotherapy: 28.6%) and fatigue (combination: 18.2%; monotherapy: 9.5%).
    • The only grade ≥3 TRAE reported in >5% of patients in any group was increased AST (combination: 0; monotherapy: 7.1%).
    • One patient in each cohort discontinued study treatment due to TRAEs (4.5% combination and 2.4% monotherapy).
    • Consistent with prespecified criteria and based on initial safety and efficacy observations, Cullinan has initiated monotherapy and combination expansion cohorts in NSCLC.

    Affimed Announces Positive Early Efficacy and Progression Free Survival Results of AFM24-102 Study in EGFR Wild-Type Non-Small Cell Lung Cancer at the Annual Meeting of the American Society of Clinical Oncology 2024

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    четверг, мая 23, 2024
    Patient, Progression-free survival, CPI, CDT, Lung cancer, EDT, EGFR, NSCLC, PD-1, Cancer, Attention, ASCO, Poster, Society, Platinum, Webcast, Yonsei University, Pharmaceutical industry

    Patients in the study are treated with the combination of AFM24, Affimed’s innate cell engager (ICE®), and atezolizumab, Roche’s checkpoint inhibitor (CPI).

    Key Points: 
    • Patients in the study are treated with the combination of AFM24, Affimed’s innate cell engager (ICE®), and atezolizumab, Roche’s checkpoint inhibitor (CPI).
    • One patient showed a confirmed complete response, and three patients showed confirmed partial responses (PR).
    • In addition, seven patients achieved stable disease, resulting in a disease control rate of 73.3% (11/15 patients).
    • To access the call by phone, please use link: https://register.vevent.com/register/BIff607338e5d247f99b548240be2ad413 , and you will be provided with dial-in details and a pin number.

    Gaming and Leisure Properties Announces the Acquisition of Three Casino Resorts in South Dakota and Nevada for $105 Million and Establishes New Tenant Relationship With Strategic Gaming Management

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    четверг, мая 16, 2024
    Partnership, Restaurant, CPI, GLPI, Rapid City Regional Airport, Tenant, Food, Sale, Growth, Acquisition, Gaming and Leisure Properties, DMG, Environment, I-90, Casino

    Simultaneous with the acquisition, GLPI and affiliates of Strategic Gaming Management, LLC (“Strategic”) will enter into two cross-defaulted triple-net lease agreements, each for an initial 25-year term with two ten-year renewal periods.

    Key Points: 
    • Simultaneous with the acquisition, GLPI and affiliates of Strategic Gaming Management, LLC (“Strategic”) will enter into two cross-defaulted triple-net lease agreements, each for an initial 25-year term with two ten-year renewal periods.
    • GLPI also provided $5 million in capital improvement proceeds at the closing of the transactions for a total investment of $110 million.
    • Located in Deadwood, South Dakota, DMG is an 11 acre gaming property that offers 141 slots and 8 table games.
    • Citizens JMP Securities acted as financial advisor to Gaming and Leisure Properties.

    Kineta Reports First Quarter 2024 Financial Results and Provides Update on its Ongoing Phase 1/2 VISTA-101 Clinical Trial and Corporate Activities

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    среда, мая 15, 2024
    Patient, CPI, Pembrolizumab, VISTA, Workforce, NK, Clinical trial, Lung cancer, Bone marrow, AACR, Safety, Kineta, Cytokine release syndrome, CD27, AML, Cancer, Research, Chemokine, Biomarker, Infrared spectroscopy correlation table, Combination, Public expenditure, Failure, Acute myeloid leukemia, Pharmaceutical industry

    “The Company announced additional clinical updates on the progress of the KVA12123 monotherapy and combination therapy results during the first quarter of 2024.

    Key Points: 
    • “The Company announced additional clinical updates on the progress of the KVA12123 monotherapy and combination therapy results during the first quarter of 2024.
    • We continue to be pleased with these early clinical results as well as the accompanying biomarkers and immune cell data sets.
    • We look forward to sharing additional clinical updates in the second quarter and we will continue to explore strategic alternatives,” said Craig Philips, President of Kineta.
    • Announced positive KVA12123 monotherapy safety data from its ongoing Phase 1/2 VISTA-101 clinical trial in patients with advanced solid tumors.

    Nexus Industrial REIT Announces First Quarter 2024 Financial Results and Annual Meeting Voting Results

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    среда, мая 15, 2024
    Nexus, CPI, Analysis, Class, News, Trustee, Park Street, Tenant, Bank statement, Sale, REIT, Growth, Circular, NOI, Table, Public expenditure, Real estate

    See Appendix A of this earnings release for a reconciliation of the non-IFRS financial measures to the primary financial statement measures.

    Key Points: 
    • See Appendix A of this earnings release for a reconciliation of the non-IFRS financial measures to the primary financial statement measures.
    • The REIT is focused on delivering total unitholder return through profitable long-term growth, and by pursing its strategy as a Canada-focused pure-play industrial REIT.
    • In the first quarter of 2024, the REIT finalized construction at its Savage Rd.
    • In the late fourth quarter of 2024, the REIT expects to complete the 240,000 sq ft Dennis Rd.