Coinbase, one of the world’s largest cryptocurrency exchanges, is about to make its public debut later today on the Nasdaq stock exchange. Stage set for today’s debut Yesterday, Nasdaq set a reference price of $250 per share to provide the crypto business a valuation of $65.3 billion. This is lower than the $350 per share that shares of the company were trading in the private market last month, according to Bloomberg. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Some market analysts believe that the set price is far too low for a company that will become the first major US-based cryptocurrency business to go public via a direct listing. #Coinbase gets reference price of $250 from Nasdaq ahead of Wed's direct listing, which would value comp ~$65bn on diluted basis. Reference price seems ridiculously low as Coinbase shares changed hands at $350/share in early March. So odds are high Coinbase doubles on opening day pic.twitter.com/uTFlU0omwK— Holger Zschaepitz (@Schuldensuehner) April 13, 2021 Renowned CNBC analyst Jim Cramer already warned retail investors not to expect to buy shares of Coinbase at $300 per share. Although the set reference price is only indicative i.e. Coinbase stock price can open higher or lower today, the price may reflect some concerns that investors have about the company’s high dependence on its core business – crypto brokerage. Lisa Ellis, an analyst at
NEW YORK, April 30, 2021 /PRNewswire/ -- Medscape Education is being recognized as the Multiple Sclerosis Association of America's (MSAA) Corporate Honoree at their Improving Lives Benefit to be hosted virtually on May 13. As the leading provider of continuing medical education, Medscape Education is being awarded this honor for its continued collaboration with MSAA and its commitment to creating and delivering education on topics aimed at improving the care of patients with multiple sclerosis (MS). Over the past 5 years, Medscape Education developed nearly 100 educational interventions focused on MS, for patients and providers. Since 2013, Medscape Education and MSAA have joined forces to educate and engage Medscape's provider membership on topics highly relevant to MS care. "We are proud of our collaboration with the MSAA and the innovative clinician and patient education that we have delivered together to our members. Through these programs, we have reached thousands of neurologists, primary care providers, nurses, and other members of the MS care team and made a positive impact in the lives of their patients living with MS. We look forward to our continued and expanded partnership with the MSAA," said Douglas Kaufman, Group Vice President, Medscape Education. According to MSAA, nearly one million individuals in the United States are living with MS, which is often diagnosed between the ages of 15 and 50. Women make up over 70% of MS cases in the US, with other factors including geographical location and race and ethnic background influencing a person's risk of developing the disease.MSAA is a leading resource for the MS community, providing vital services and support, including:
My MSAA Community, a peer-to-peer online forum A helpline and online chat with trained MSAA specialists Safety and mobility equipment In-person educational programs MRI Access FundMedscape Education and MSAA are currently collaborating on a program devoted to the impact of ethnicity and race on MS care–a vital component of Medscape Education's Elevating Health Equity Learning Center initiative. Gina Ross Murdoch, MSAA President & CEO, explains, "For the past several years, MSAA has had the great pleasure of partnering with Medscape Education. This vital collaboration has enabled us to share our expertise and provide critical information to both medical professionals and members of the MS community. As we transform our Improving Lives Benefit into our first-ever virtual event, we are extremely proud to recognize Medscape Education as our Corporate Honoree. This recognition is well-deserved, given their dedication to medical professionals as well as to individuals with MS, along with their high degree of educational excellence."For more information about the MSAA Improving Lives Benefit, click hereFor more information about Medscape MS Education, click hereAbout Medscape Education
Medscape Education (medscape.org) is the leading destination for continuous professional development, consisting of more than 30 specialty-focused destinations offering thousands of free CME and CE courses and other educational programs for physicians, nurses, and other healthcare professionals. View original content to download multimedia:https://www.prnewswire.com/news-releases/medscape-education-and-multiple-sclerosis-association-of-america-collaborate-to-raise-awareness-and-support-of-patients-with-multiple-sclerosis-301281354.htmlSOURCE Medscape Education
French economist Benoît Cœuré (L) and Irish economist Philip Lane (R), Members of the Executive Board of the ECB
Corbis Images/Getty ImagesEuropean governments are spending trillions to protect their economies against the coronavirus pandemic, but their debt burden is sustainable, according to European Central Bank chief economist Philip Lane.
"Yes, there will be more public debt at the end of this, but in fact that is the correct response to this type of pandemic emergency," Lane told Portuguese broadcaster RTP3 in an interview on Monday.
Low interest rates in the eurozone mean the cost of payments on this debt burden will be contained for years to come, Lane said.
Visit Business Insider's homepage for more stories.
European governments are racking up debt in order to shield their economies from the impact of the coronavirus pandemic, but low interest rates mean this burden is sustainable, in stark contrast to conditions a decade ago that triggered the region's borrowing crisis, European Central Bank chief economist Philip Lane said on Monday.
Lane told Portuguese broadcaster RTP3 in an interview that while the pandemic was a large shock, it was temporary in nature and fiscal support - in the form of cheap borrowing conditions - was the correct response.
"Yes, there will be more public debt at the end of this, but in fact that is the correct response to this type of pandemic emergency," Lane said, according to a transcript of the interview.
Coronavirus has killed well over a quarter of a million people across the whole of Europe and plunged the region into recession. In response, the ECB has kept interest rates at zero in order to keep credit flowing to businesses and households, while national governments are spending trillions in employment support schemes and other benefits to prevent total economic collapse.
Read More: JPMorgan shares 35 European stocks across 10 sectors that you need to own in the rotation to value — including one that could see EPS growth of almost 700% next year
Even though public debt across the euro zone will easily reach 100% of gross domestic product, the prospect of a repeat of the sovereign debt crisis of 2010-2012 is very remote, Lane said.
"Across Europe there will be significant increase in public debt, but when you look at the very low interest rates right now, the cost of making the payments on this debt in the years to come will be quite contained. If you look at the market, the market also thinks that this can be handled," Lane said.
"There is no reason to believe that this has some kind of intrinsic dynamic that will lead us to a return of the conditions of ten years ago," he added.
Yields on German 10-year bonds, widely regarded as the safest in the region, are around -0.55%, while those on nations perceived to be riskier, such as Italy or Greece, are trading at between 0.60 and 0.70%. At the height of the crisis in late 2011, the yield on Italian bonds was closer to 7.0% and that on Greek debt hit 38%.
"We heard from the ECB Chief Economist Philip Lane overnight as he reaffirmed that the ECB will provide enough monetary stimulus at its next meeting to make sure governments, companies and households have access to cheap credit throughout the coronavirus crisis. He added that, "Our orientation is to keep financing conditions favorable," Deutsche Bank strategist Jim Reid said in a note.
The ECB's €1.35 trillion bond-buying programme, together with a number of other policy tools also helps provide a safety net for sovereign issuers.
Read More: Barclays details its ultimate strategy for picking stay-at-home market winners for a post-COVID world — and shares 2 stocks all investors should own before the recovery accelerates