Day: January 8, 2018

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Volkswagen to use NVIDIA AI into new electric microbus

VW taps Nvidia to build AI into new electric microbus 

Nvidia pullback after Q2 beat a buying opportunity. See Stockwinners.com Market Radar for more
VW taps Nvidia to build AI into new electric microbus

Volkswagen (VLKAY) and NVIDIA (NVDA) shared their vision for how AI and deep learning will shape the development of a new generation of intelligent Volkswagen vehicles using the NVIDIA DRIVE IX platform to create new cockpit experiences and improve safety.

At the kickoff of CES 2018, Volkswagen CEO Herbert Diess and NVIDIA founder and CEO Jensen Huang discussed on stage how AI is transforming the auto industry and highlighted the new I.D. Buzz, Volkswagen’s rebirth of the iconic VW MicroBus, reimagined in electric car form and infused with AI technology for the cockpit and self-driving.

The VW I.D. Buzz will use DRIVE IX technology to create “Intelligent Co-Pilot” applications, which will include convenience and assistance systems based on processing sensor data from both inside and outside of the car.

The I.D. Buzz is part of the I.D. family with which Volkswagen will launch its electric car campaign and gradually introduce autonomous driving starting in 2020. More than 20 fully electric vehicle models are planned by 2025, as the automaker works toward its goal of becoming the world leader in this area.

These new models are based on the completely new MEB car architecture that is consistently geared toward zero-emission, digital mobility and making use of the electric drive’s overall package benefits.

NVDA closed at $215.40. It last traded at $221.04.

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Novo Nordisk offers to acquire Ablynx

Novo Nordisk offers to acquire Ablynx

 

 Novo Nordisk offers to acquire Ablynx. Stockwinners.com
Novo Nordisk offers to acquire Ablynx

Novo Nordisk (NVO) confirms that it made a proposal on December 22, 2017 to acquire Ablynx (ABLX) for EUR 28.00 per share in cash and one CVR with total potential cash payments over time of up to EUR 2.50 per share.

This proposal implies a total equity valuation of approximately EUR 2.6 billion for Ablynx and represents a premium of up to 60% over Ablynx’s share price as of December 6, 2017 of EUR 19.12, which was the day prior to our first proposal, and up to 66% over Ablynx’s 3 month VWAP of EUR 18.39 as of 5 January 2018.

Novo Nordisk has made a concerted and good faith effort to engage in discussions with Ablynx.

This proposal is the second proposal that Novo Nordisk has made to Ablynx’s Board of Directors and represents up to approximately a 14% increase over the first proposal. Novo Nordisk regrets that the Board of Directors of Ablynx has so far declined to engage in any discussions, despite the proposals which have been put forward.

Novo Nordisk has conducted a deep analysis of Ablynx’s business and product portfolio, based on publicly available information, including caplacizumab, ALX-0171, vobarilizumab, its other pipeline products and partnerships.

Following that analysis, Novo Nordisk has concluded that combining Ablynx’s caplacizumab with Novo Nordisk’s strong global haematology franchise and extensive worldwide resources is a compelling opportunity and provides the clearest path to realizing full potential of Ablynx’s portfolio in the best interests of all stakeholders, including patients and physicians.

The proposed transaction would combine Novo Nordisk’s regulatory, scientific and commercial expertise with Ablynx’s strong existing medical teams to optimise the development and global commercialisation of caplacizumab.

ABLX closed at $25.91.

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December international rig counts rise

Baker Hughes reports December international rig count 954

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Rig Counts Rise – See Stockwinners.com Market Radar to read more

Baker Hughes (BHGE), a GE company, announced that the Baker Hughes international rig count for December 2017 was 954, up 12 from the 942 counted in November 2017, and up 25 from the 929 counted in December 2016.

The international offshore rig count for December 2017 was 191, up 8 from the 183 counted in November 2017, and down 19 from the 210 counted in December 2016.

The average US rig count for December 2017 was 930, up 19 from the 911 counted in November 2017, and up 296 from the 634 counted in December 2016.

The average Canadian rig count for December 2017 was 205, up 1 from the 204 counted in November 2017, and down 4 from the 209 counted in December 2016.

The worldwide rig count for December 2017 was 2,089, up 32 from the 2,057 counted in November 2017, and up 317 from the 1,772 counted in December 2016.

WTI crude last traded at $61.65 per barrel, up 21 cents.  Brent crude is up 16 cents to $67.78 per barrel.

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