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Gelonghui, February 10th | Eli Lilly announced that it will acquire biotechnology company Orna Therapeutics for up to $2.4 billion in cash. Orna Therapeutics' main candidate drug, ORN-252, is intended to treat B cell-driven autoimmune diseases and is currently in the early stages of development.

Glonghui, February 10th｜As part of a massive debt issuance plan, Google’s parent company Alphabet has planned to issue an extremely rare century bond, marking the first time since the late 1990s that a global technology company has auctioned such ultra-long-term debt. According to media reports citing informed sources, this 100-year bond will be denominated in British pounds, and there will be four other bonds with different maturities also denominated in this currency. The source added that this is Alphabet’s first issuance of pound-denominated bonds, which could be priced as early as Tuesday. KBRA European macro strategist Kerr stated: “They (Google) want to tap every potential investor, from structured finance investors to ultra-long-term investors.” He pointed out that the main buyers of century bonds will be insurance companies and pension funds, and “the people underwriting this deal may no longer be around when the debt is repaid.”

Mark T. Uyeda, a commissioner of the U.S. Securities and Exchange Commission (SEC), stated at the 2026 Asset Management Derivatives Forum that the SEC has approved the registration of two new clearing agencies, CME Securities Clearing and ICE Clear Credit, providing market participants with more clearing options. According to data from the Office of Financial Research, if the Treasury clearing rules are implemented in the first eight months of 2025, U.S. global systemically important banks could free up an average of $34.5 billions in balance sheet space. Regarding the tokenization of securities markets, Uyeda emphasized that the SEC has shifted from an enforcement-led approach to promoting limited-scope pilots through regulatory guidance and exemption orders, and pointed out that SEC rules should remain technologically neutral, focusing on outcomes rather than processes, while ensuring investor protection measures.