June 7, 2024
Within Our Network
William J. Kridel Jr. and Dr. Mitchell Ng launched the Hippocrates Opportunities Fund that will be investing in life sciences, focusing on gene editing and immuno-oncology. Congrats, Bill!
LATAM Highlights
Brazil
Spain and Brazil push to accelerate EU-Mercosur agreement talks.(América Economía)
Colombia
Natural gas shortages threaten Colombia’s economic growth.(Oil Price)
Argentina
Surge in peso demand in Argentina after Milei’s dollarization plan.(Bloomberg)
Chile
New EU agreement leaves 99% of Chilean exports tariff-free.(América Economía)
Peru
Peru’s Boluarte to visit China’s Xi after June trip gets congressional green light.(Reuters)
Ecuador
Ecuador and IMF reach deal to reform subsidies for economic stability.(América Economía)
Venezuela
Venezuelan and US representatives discuss Citgo auction in recent meeting.(Reuters)
Mexico
Claudia Sheinbaum makes history as Mexico’s first female president. (WSJ)
Notable Transactions
Xcimer Energy, a startup developing low-cost, high-energy laser technology for fusion energy, raised a $100M Series A led by Hedosophia.
Brazil-based EB Capital is in talks with Saudi investors for a $600M fund to invest in Brazilian climate and energy.
Clean Energy Ventures raises $305M for second fund.
Essential Read
Japan's largest nuclear plant remains inactive despite rising energy demands. Reported by The Big Take from Bloomberg, the debate over restarting the plant will determine if Japan can reduce its reliance on expensive imported fuels after the 2011 tsunami halted its nuclear plans.
Podcast Spotlight
Join us as we reexamine traditional perspectives on energy shifts, exploring historical patterns of energy accumulation. Insights into JET's fusion progress, with updates on US-Russian uranium bans and China's small modular reactor advancements, all from World Nuclear News.
Stat of the Week
As of May 2024, Saudi Aramco is the only oil company among six trillion-dollar firms worldwide. This graphic compares its $1.9T market cap to other top oil companies. Click here to learn more.
Our LinkedIn Updates and Posts
- For deeper insights into the surge of global investment in green ammonia research and development, click here.
- Energy security concerns are reshaping Japan's 2040 plan, particularly in favor of nuclear energy, click here to learn more.
- China's SPIC invests $147 million in Brazilian wind farms and launches solar parks. Read the complete article here.
Meme of the Week
