tybs
Schrodinger Inc. sold by David Shaw (DE Shaw): $76.61m-Sept 17-30
Gates Foundation also sold $129.48m-August 14 & 17-cap#3
https://www.finviz.com/insidertrading.ashx?oc=1166559&tc=7
from Sept. 17, 2020
Schrödinger : Schrödinger Announces Closing of Public Offering
Schrödinger, Inc. (the “Company”) (Nasdaq: SDGR), whose differentiated, physics-based software platform enables discovery of high-quality, novel molecules for drug development and materials applications, today announced the closing of its underwritten public offering of 5,750,000 shares of its common stock at a public offering price of $66.00 per share. The offering consisted of 5,250,000 shares sold by the Company, including 750,000 shares of common stock issued upon the exercise in full by the underwriters of their option to purchase additional shares, and 500,000 shares sold by a selling stockholder. The gross proceeds to the Company in the offering were $346.5 million. The Company did not receive any of the proceeds from the sale of the shares by the selling stockholder.
Morgan Stanley, BofA Securities, Jefferies and BMO Capital Markets acted as joint book-running managers for the offering.
https://www.marketscreener.com/quote/stock/SCHRODINGER-INC-102588712/news/Schrodinger-Schrodinger-Announces-Closing-of-Public-Offering-31133398/
Schrodinger, Inc. provides computational software solutions for drug discovery to the biopharmaceutical industry. The Company operates through two segments: Software and Drug Discovery. The Software segment is focused on licensing the Company’s software for molecular discovery. The Drug Discovery segment is focused on building a portfolio of preclinical and clinical drug programs, internally and through collaborations. Its platform integrates solutions for predictive modeling, data analytics and collaboration. Its wholly-owned programs include SDGR1, SDGR2, SDGR3, SDGR4 and SDGR5. SDGR1 and SDGR2 drug discovery programs are focused on targets that mediate deoxyribonucleic acid (DNA) repair, cell cycle regulation, replication stress responses, and apoptosis, or programmed cell death. SDGR3, SDGR4 and SDGR5 drug discovery programs are focused on genetically-defined cancers. Number of employees : 394 people.
https://www.marketscreener.com/quote/stock/SCHRODINGER-INC-102588712/company/
David Elliot Shaw (born March 29, 1951) is an American billionaire, scientist and former hedge fund manager. He founded D. E. Shaw & Co., a hedge fund company which was once described by Fortune magazine as "the most intriguing and mysterious force on Wall Street". A former assistant professor in the computer science department at Columbia University, Shaw made his fortune exploiting inefficiencies in financial markets with the help of state-of-the-art high speed computer networks. In 1996, Fortune magazine referred to him as "King Quant" because of his firm's pioneering role in high-speed quantitative trading. In 2001, Shaw turned to full-time scientific research in computational biochemistry, more specifically molecular dynamics simulations of proteins.
In 1986, he joined Morgan Stanley, as vice president for technology in Nunzio Tartaglia's automated proprietary trading group. In 1994, Shaw was appointed by President Clinton to the President's Council of Advisors on Science and Technology, where he was chairman of the Panel on Educational Technology. In 2000, he was elected to the board of directors of the American Association for the Advancement of Science served as its treasurer 2000–2010. In 2007, Shaw was elected as a fellow of the American Academy of Arts and Sciences. In 2009, he was appointed by President Obama again to the President's Council of Advisors on Science and Technology. In 2012, he was elected to the National Academy of Engineering and in 2014 was elected to the National Academy of Sciences. In 1988 he started his own hedge fund, D. E. Shaw & Co, which employed proprietary algorithms for securities trading. In 2018, Forbes estimated his net worth at $6.2 billion. He is also a senior research fellow at the Center for Computational Biology and Bioinformatics at Columbia University, and an adjunct professor of biomedical informatics at Columbia's medical school. Shaw is chief scientist of D. E. Shaw Research, which conducts interdisciplinary research in the field of computational biochemistry.
https://en.wikipedia.org/wiki/David_E._Shaw
https://www.deshaw.com/who-we-are/our-people
https://www.finviz.com/insidertrading.ashx?oc=1023870&tc=7&b=2
EVAL17 US Army AH-64E Apache ne from Ft. Bliss, TX
The AH-64E attack helicopter is the latest version of the AH-64, used by the US Army. It is also known as Apache Guardian. Until 2012 it was designated as AH-64D Block III. It has a number of improvements and upgrades, including more powerful engines, upgraded transmission and other improvements. This gunship might be also fitted with updated Longbow fire control radar. The US Army plan to upgrade a total of 634 AH-64D helicopters to AH-64E standard. It is planned that another 56 helicopters will be newly built. Deliveries to the US Army began in 2011. This attack helicopter has been approved for export. Export operators are India, Saudi Arabia and Taiwan. India ordered 22 of these gunships. Deliveries commenced in 2019. Also this helicopter has been ordered by other countries. Indonesia ordered 8 of these gunships, Qatar 24, South Korea 36, and the United Arab Emirates 30. In 2014 Iraq ordered 24 of these helicopters, but later cancelled this order. In 2015 the United Kingdom has requested to remanufacture 50 of its WAH-64D Apache Longbow helicopters of this latest AH-64E standard.
http://www.military-today.com/helicopters/ah_64e.htm
Infrastructure bank to invest $10B in priority areas for COVID recovery
Prime Minister Justin Trudeau outlined Thursday how the Canada Infrastructure Bank intends to invest $10 billion in projects meant to create 60,000 jobs and contribute to the fight against climate change. "We will continue to do what it takes to support Canadians through this crisis, safely get our economy back up and running, and get people back to work," Trudeau said in a release accompanying the announcement. The list does not include specific projects or any new money but highlights priority areas in which the bank intends to invest.
That includes $1.5 billion for agricultural infrastructure in Western Canada and $2 billion for broadband to expand access to high-speed internet service across the country. It also includes $2.5 billion for clean power, $1.5 billion for zero-emission buses and $2 billion to retrofit buildings for energy efficiency. The announcement includes $500 million to help speed up the things that need to be done before starting construction, such as studies and technical reports. Trudeau was joined by the new chair of the bank's board, Michael Sabia, and Infrastructure Minister Catherine McKenna. The Liberals say the investment plan is part of the government's promise in last week's throne speech to create one million jobs and help revive an economy ravaged by the COVID-19 pandemic.
It is also intended to help the government meet its goal of net-zero carbon emissions by 2050. Trudeau's government launched the infrastructure bank in 2017 with the authority to spend $35 billion over 10 years. The idea was for the bank to entice funding from private-sector partners, particularly big institutional investors like pension funds, to pay for what the government called "transformational" infrastructure projects. However, the bank has been criticized for the relatively few investments it has made thus far, in just nine projects. During last fall's federal election campaign, both the Conservatives and the NDP promised to abolish the bank if elected.
The bank has invested $1.28 billion in the REM automated light rail network in Montreal. It's pledged up to $2 billion to expand GO Transit service between Toronto and Hamilton and up to $300 million to increase container-handling capacity at the port of Montreal. Other investments are small (such as $55 million to Via Rail for the development of plans for an eventual high-speed rail corridor between Toronto and Quebec City), are for consulting or advisory services, or are just at the stage of memorandums of agreement. Sabia, the former head of Quebec's pension fund, was named chairman of the board in April amid a shakeup of the bank's senior executives.
At that time, he and the government predicted that the bank would play a major role in stimulating the economy after the pandemic.
https://www.bnnbloomberg.ca/infrastructure-bank-to-invest-10b-in-priority-areas-for-covid-recovery-1.1502035