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There's a $1 trillion opportunity brewing in the stock market — and it's got nothing to do with AI [Business Insider]
Last biogen inc. earnings: 4/22 07:12 am
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US:NASDAQ Investor Relations: biogen.com/en_us/investors.html
Americans over the age of 75 are expected to make up 10% of the population by 2030, analysts said. Spending by the cohort, meanwhile, is expected to grow by over $1 trillion in the next five years. There's a $1 trillion opportunity brewing in the stock market . It's not artificial intelligence, but another kind of AI. The trend of "aging intelligence" was flagged this week by Mizuho's US team. The Japanese bank says it expects big things to come out of the aging population in the US. Specifically, older people will make a bigger portion of total consumer spending — a key theme for investors to tap into, Mizuho said in a report. "Key opportunity — seniors will become a larger piece of the consumer spending pie, representing a ~1T opportunity," analysts wrote. "Essentially, spending by the 75+ cohort will grow at 2x the US average." The number of Americans over 75 is expected to grow 4% each year, and is on track to make up 10% of the total population by 2030, Mizuho estima
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- Biogen (NASDAQ:BIIB) was given a new $156.00 price target on by analysts at Morgan Stanley.[MarketBeat]
- Canadian HTA Assessments Recognize Therapeutic Value of QALSODY™ (tofersen injection) and its Potential to Modify Disease Progression in Individuals Living with SOD1-ALS [Yahoo! Finance][Yahoo! Finance]
- Biogen (NASDAQ:BIIB) was downgraded by analysts at Hsbc Global Res from a "hold" rating to a "moderate sell" rating.[MarketBeat]
- Biogen (NASDAQ:BIIB) had its price target raised by analysts at Wells Fargo & Company from $155.00 to $190.00. They now have an "equal weight" rating on the stock.[MarketBeat]
- Biogen (NASDAQ:BIIB) was downgraded by analysts at HSBC Holdings plc from a "hold" rating to a "reduce" rating.[MarketBeat]
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