By Samuel Indyk
Investing.com – At 07:28GMT, FTSE 100 futures are trading higher by 0.7% at 7384.5.
Daily COVID cases in England hit another record high of 117,093 over the festive period but the surge in cases has, so far, not led to a similarly large increase in hospital admissions. The government has so far refrained from introducing new restrictions in England on hospitality and large events.
AstraZeneca (LON:AZN) – Closed global development and commercialisation deal with Ionis Pharmaceuticals for eplontersen. The upfront payment from AstraZeneca to Ionis is $200 million. AstraZeneca will make additional conditional payments of up to $485 million following regulatory approvals. It will also pay up to $2.9 billion of sales-related milestones, plus royalties in the range of low double-digit to mid-twenties percentage depending on the region.
Anglo American (LON:AAL) – Held preliminary discussions with Vale about the possibility to jointly develop Vale’s Serpentina iron ore resource that is contiguous to Anglo American’s integrated Minas-Rio iron ore operation in Brazil.
Fresnillo (LON:FRES) – Provides update on Juanicipio project. The team delivered the project for plant commissioning on schedule. However, the ‘Comisión Federal de Electricidad’, the state-owned electrical company, has notified Fresnillo that approval to complete the tie-in to the national power grid cannot yet be granted and the mill commissioning timeline will therefore be extended by approximately six months.
Diversified Energy Company (LON:DEC) – Closed the sale of its predominantly undeveloped Haynesville acreage in Texas for a total cash consideration of approximately $67.4 million.
UK pre-market stocks update – AstraZeneca, Anglo American, Fresnillo
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