Financial markets are platforms or systems where buyers and sellers engage in the trading of financial assets such as stocks, bonds, currencies, and derivatives. They serve as a mechanism for raising capital, transferring risk, and facilitating price discovery. Financial markets can be classified into various categories, including capital markets (for long-term investment), money markets (for short-term funding), and foreign exchange markets (for currency trading). They play a crucial role in the economy by allocating resources efficiently, enabling liquidity, and providing investors with opportunities to earn returns on their investments. These markets are influenced by factors such as economic indicators, interest rates, and geopolitical events, and they operate through regulated exchanges or over-the-counter (OTC) transactions.
BioNTech, based in Mainz, is transitioning from a COVID-19 focus to pioneering cancer therapies, despite financial challenges. Fourth-quarter 2024 profits dropped, but results beat market expectations, highlighting resilience. The company…