The Editorial Team |

Immunome Discovers Antibodies Capable of Neutralizing Multiple SARS-CoV-2 Variants

LAGOS (Capital Markets in Africa) – Immunome, Inc. (Nasdaq: IMNM), a biopharmaceutical company that utilizes its human memory B cell platform to discover and develop first-in-class antibody therapeutics, announced today that its discovery engine has isolated potent antibodies capable of neutralizing several SARS-CoV-2 variants, including the South African Variant (B.1.351), in pseudovirus testing. This effort is part of the company’s ongoing program to develop a cocktail of antibodies targeting spike and non-spike proteins that can…

Bitcoin Hits Record as Mastercard, BNY Mellon Embrace Crypto

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LAGOS (Capital Markets in Africa ) — Bitcoin jumped to a record high after Mastercard Inc. and Bank of New York Mellon Corp. moved to make it easier for customers to use cryptocurrencies. The largest digital asset rose as much as 8.1% to $48,663, surpassing the all-time high reached Monday after Tesla Inc. announced it would hold $1.5 billion of the cryptocurrency on its balance sheet. The wider Bloomberg Galaxy Crypto Index also touched a record. “Bitcoin…

Miami Pushes Crypto With Proposal to Pay Workers in Bitcoin

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LAGOS (Capital Markets in Africa) — Miami Mayor Francis Suarez proposed paying municipal workers and collecting taxes in Bitcoin, expanding a campaign to promote cryptocurrencies. The mayor wants to allow the City of Miami’s workers to choose to receive all or a portion of their pay in Bitcoin, according to a resolution passed by the city’s governing commission. In addition, the mayor proposed allowing people to pay all or part of property taxes or city fees in…

Trump Begins Defense in Impeachment Trial Eyeing an Acquittal

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LAGOS (Capital Markets in Africa) — Donald Trump’s lawyers begin their defense of the former president in his Senate impeachment trial on Friday after House Democrats spent two days portraying him as a lawless, unrepentant inciter of the Jan. 6 insurrection at the U.S. Capitol who shouldn’t hold public office again. Lawyers for the former president are expected to argue that he didn’t provoke the violence and will show video footage of prominent Democrats using…

Climate Change Is Forcing Us to Adapt to a New World: Bill Gates

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LAGOS (Capital Markets in Africa) — Adapted from “How to Avoid a Climate Disaster: The Solutions We Have and the Breakthroughs We Need,” publishing on February 16 from Alfred A. Knopf. We need to get to zero emissions, and we’re going to need a lot of innovation to do it. But innovation doesn’t happen overnight, and it will take decades for green products to reach a big enough scale to make a significant difference. In the…

Paris Club Sees Private Creditor Relief Varying in G-20 Plan

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LAGOS (Capital Markets in Africa) — Debt relief provided by private creditors for the world’s poorest nations under a Group of 20 restructuring plan will hinge on each borrower’s situation and might not necessarily reduce any money owed, according to the chair of the Paris Club. Emmanuel Moulin, the head of the French Treasury, said in an interview on Wednesday that debtor countries participating in the so-called G-20 common framework will need to get private…

Lagos Bank Stocks Take a Beating as Traders Chase High Yields

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LAGOS (Capital Markets in Africa) — Nigerian investors are switching out of stocks to position for higher yields in the fixed-income market, with banks emerging as the worst-hit sector. An index of the top 10 banking stocks extended its decline to a fourth day in Lagos Thursday, dropping 3% to a nine-week low. Guaranty Trust Bank Plc led declines in the sector, falling 5.1%, while Union Bank of Nigeria Plc slid 8%. “The market is reacting to…

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