News Results

  1. Cerevel Therapeutics Announces Pricing of $300 Million Private Offering of Convertible Senior Notes and Concurrent $254 Million Public Offering of Common Stock
    GlobeNewswire | 08/12/22 06:00 AM EDT

    Cerevel Therapeutics Holdings, Inc. (CERE), a company dedicated to unraveling the mysteries of the brain to treat neuroscience diseases, announced today the pricing of its previously announced private offering of $300.0 million aggregate principal amount of 2.50% convertible senior notes due 2027 to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securi...

  2. Cerevel Therapeutics Announces Pricing of $254 Million Public Offering of Common Stock and Concurrent $300 Million Private Offering of Convertible Senior Notes
    GlobeNewswire | 08/12/22 06:00 AM EDT

    Cerevel Therapeutics Holdings, Inc. (CERE), a company dedicated to unraveling the mysteries of the brain to treat neuroscience diseases, announced today the pricing of its previously announced underwritten public offering of 7,250,000 shares of its common stock at a public offering price of $35.00 per share, or approximately $253.8 million of shares of its common stock.

  3. Poor Pay More: Food Inflation is Hitting Developing Countries Harder, Tridge Study Finds
    GlobeNewswire | 08/11/22 11:32 PM EDT

    Food inflation is hitting developing countries twice as hard as developed countries, causing a devastating discrepancy, particularly in developing countries that already allot higher percentages of their income to food, according to Tridge, an agricultural intelligence and trading platform.

  4. Fairfax Announces Pricing of Senior Notes Offering
    GlobeNewswire | 08/11/22 06:06 PM EDT

    Fairfax Financial Holdings Limited (FRFHF) announces that it has priced a private offering of US$750,000,000 of Fairfax?s Senior Notes due 2032 at an issue price of 99.856%. The Notes will be unsecured obligations of Fairfax and will pay a fixed rate of interest of 5.625% per annum.

  5. Freddie Mac Updates Results of Tender Offer for Certain STACR Debt Notes
    GlobeNewswire | 08/11/22 02:05 PM EDT

    Freddie Mac today updated the tender results of its previously announced offer to purchase any and all of the STACR? Debt Notes listed below. The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated August 2, 2022 and related Notice of Guaranteed Delivery dated August 2, 2022.

  6. Freddie Mac Discloses Dodd-Frank Act Stress Test Results
    GlobeNewswire | 08/11/22 10:39 AM EDT

    Freddie Mac today posted the results of its 2022 stress test for the severely adverse scenario conducted under the Federal Housing Finance Agency?s implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

  7. Mortgage Rates Jump Up
    GlobeNewswire | 08/11/22 10:00 AM EDT

    Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing that the 30-year fixed-rate mortgage averaged 5.22 percent. ?The 30-year fixed-rate went back up to well over five percent this week, a reminder that recent volatility remains persistent,? said Sam Khater, Freddie Mac?s Chief Economist.

  8. Georgia Fintech Academy to Host Raphael Bostic, President of the Federal Reserve Bank of Atlanta on Georgia State University Campus
    GlobeNewswire | 08/11/22 09:00 AM EDT

    Raphael Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta, will meet with students and faculty for a conversation on financial inclusion August 31 during a visit to Georgia State University arranged by the?Georgia Fintech Academy?of the University System of Georgia.

  9. Poptential? Free Economics Curriculum Adds Content to Explain Today?s Inflation, Recession Woes
    GlobeNewswire | 08/11/22 07:15 AM EDT

    With inflation reaching a 40-year high and talk of a looming recession, high school students are coming of age during one of the most challenging economies in recent history. ?The last couple of years, and this year in particular, have seen huge shifts in U.S. and world economies that will have implications for years to come,? said Julie Smitherman, director of content management at Poptential.

  10. Cerevel Therapeutics Announces Proposed Private Offering of Convertible Senior Notes
    GlobeNewswire | 08/10/22 04:01 PM EDT

    Cerevel Therapeutics Holdings, Inc. (CERE), a company dedicated to unraveling the mysteries of the brain to treat neuroscience diseases, announced today that it has commenced a private offering of $250.0 million aggregate principal amount of convertible senior notes due 2027 to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as a...

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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