Risk-On Back On?, Buy or Bail, and Tech-Tonic Shifts 2/2/23
The Exchange
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Is M&A a Big Driver for the NASDAQ?
M&A is going to be a big driver this year. People are moving out of large cat farm and biotech into riskier assets. Madrigal, which is developing a disease for obesity-related liver failure, just completed their phase three. That's an incredible asset already approved, ready for acquisition. We're still very interested in antivirals. COVID is over for a little bit, but I think we'll see a lot of resurgence.
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