As millions of Americans battle food insecurity during the pandemic, a particular crisis is hitting those with autoimmune diseases and food allergies/intolerances and unfortunately, charitable and government food programs offer very limited options.
Government raises Rs161b through PIBs
Auctions three to ten-year bonds to commercial banks
KARACHI:
The government on Wednesday raised financing of Rs161 billion through the auction of three to 10-year Pakistan Investment Bonds (PIBs) to commercial banks against the target of Rs125 billion, adding to domestic debt which is already at high levels.
More importantly, banks - whose deposits grew 16% to Rs17.95 trillion in May compared to the same month of last year - offered three times the amount to buy PIBs at Rs376 billion compared to the government’s target to raise Rs125 billion through the auction.
The banks higher participation suggests they have ample liquidity, as shown by growth in deposits, and are desperate to invest it even at a low rate of return.
Initial public offerings scheduled to debut next week
June 4, 2021
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Week of June 7
1stdibs.com - New York, 5.8 millions shares, priced $18-$21, managed by BofA Securities/Barclays. Proposed Nasdaq symbol DIBS. Business: Online marketplace for art, jewelry, antiques and other luxury goods.
Alzamend Neuro - Tampa, Fla., 2.5 million shares, priced at $5, managed by Spartan Securities. Proposed Nasdaq symbol ALZN. Business: Preclinical biotech developing therapies for Alzheimer s disease.
Grove - Henderson, Nevada, 2.2 million shares, priced $4.50-$5.50, managed by Kingswood Capital Markets. Proposed Nasdaq symbol GRVI. Business: Makes and sells CBD products.
LifeStance Health Group - Scottsdale, Ariz., 40 million shares, priced $15-$17, managed by Morgan Stanley/Goldman Sachs. Proposed Nasdaq symbol LFST. Business: Provides outpatient mental health services.
Denver BBQ Festival Returning this Fall
If 8,000 pounds ribs, 5,000 pounds of brisket, 3.000 pounds of chicken and 2,000 pounds of beans gets you excited, then there is an event coming to Denver for you.
The 2021 Denver Barbecue Festival is returning to Empower Field at Mile High from September 17th through 19th.
The weekend will bring pit masters local and from around the nation together for BBQ, beer, drinks, BBQ tutorials, demonstrations, and family games.
“The Denver BBQ Fest is a celebration of award-winning BBQ,” Director of Business Development of Empower Field at Mile High
Chuck Olney said. “We’re bringing the best pit masters from right here in Denver and around the country to our backyard at Empower Field at Mile High for everyone to enjoy.”