Month: August 2022

NEW YORK–(BUSINESS THREAD)–Schrödinger, Inc. (Nasdaq: SDGR), the physics-based software platform transforming the way therapeutics and materials are discovered, today announced the appointment of Geoffrey Porges, MBBS., as Chief Financial Officer. Dr. Porges brings to Schrödinger more than 30 years of experience in executive, advisory and investment roles within the biopharmaceutical industry. As Schrödinger’s CFO, he will lead all aspects of the company’s financial operations and investor relations and corporate affairs activities. He will also oversee the business development and strategic planning of the company’s pharmaceutical and biopharmaceutical partnerships. “Geoff is a proven leader in the biopharmaceutical and investment industries and…

Share the market news today | Sensex, Nifty, Stock Prices LIVE: Domestic stock market benchmarks BSE Sensex and NSE Nifty 50 ended marginally lower on Thursday, a weekly F&O expiry day. BSE Sensex ended up 38 points or 0.06 percent at 60,298, while NSE Nifty rose 12.25 points or 0.07 percent to settle at 17,956. Shares of Kotak Mahindra Bank, L&T, Bharti Airtel, UltraTech Cements, Power Grid Corporation of India, IndusInd Bank, State Bank of India (SBI), ITC, Asian Paints, Tech Mahindra were among the top gainers on the Sensex. On the other hand, Dr Reddy’s laboratories, Wipro, Infosys, Mahindra…

Some whistleblowers are forced to wait more than a month for their cases to pass to the appropriate department of the Financial Conduct Authority. Andy Agathangelou, founder of campaign group Transparency Task Force, said these delays were “unacceptable”. Of the 68 cases sitting with the watchdog’s whistleblowing team as of June 29, 15 were more than 30 days old, according to figures obtained by Financial News under the Freedom of Information Act. “Given the emotional turmoil many whistleblowers find themselves in, it’s an agonizingly long wait,” he said. The FCA has already faced criticism for failing to act on reports…

Low-cost airline SpiceJet and Swiss firm Credit Suisse AG told the Supreme Court on Thursday that they have settled their financial dispute. The apex court then allowed SpiceJet to withdraw its appeal against a Madras High Court verdict ordering the airline’s liquidation over alleged non-payment of dues to Credit Suisse AG. “There is an agreement which has been reached on May 23, 2022 as per the terms of the consent. In view of this, both the parties are satisfied with the agreement and wish to withdraw the SLP (Special Leave Petition) filed by petitioner “Accordingly, the application is allowed,” an…

A platform that helps asset managers launch exchange-traded funds is expanding its offering into the crypto space, saying the sector has the potential to integrate. HanETF, which was created by former WisdomTree executives Hector McNeil and Nik Bienkowski in 2017, says it has received more than 50 approaches over the past year from asset managers and other financial services firms looking to launch crypto products. HanETF, which provides a white-label service for ETF product development, fulfillment, marketing and distribution services, has around 20 clients and more than 40 ETFs and exchange-traded products, including gold ETCs and carbon-backed, ETF-like products that…

By Zenebou Sylla, CNN The one from New York 9/11 Tribute Museum closed its lower Manhattan location on Wednesday, less than a month before the 21st anniversary of the 9/11 terrorist attacks, citing financial losses during the pandemic. “Financial difficulties, including the loss of revenue caused by the pandemic, prevent us from generating sufficient funding to continue operating the physical museum,” Jennifer Adams, co-founder and CEO of the museum, said in a press release. The museum opened in 2006 and provided information about 9/11 and the “unprecedented rescue and recovery operations and the rebuilding of both Lower Manhattan and people’s…