ADARx Pharmaceuticals went public on Nasdaq with an IPO valued at $446.3 million. AbbVie invested an additional $89 million in the company. ADARx develops drugs based on RNAi technology, with onvuzosiran as its most advanced project.
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The Polish government, ElectroMobility Poland, and Taiwan's Foxconn are finalizing negotiations to be concluded within weeks. Minister of State Assets Wojciech Balczun announced the agreement will be signed in autumn, with construction of an electric car factory in Jaworzno beginning in spring 2027. The deal is to include technology transfer and development of Poland's semiconductor industry cluster.
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Treasury bond yields are reaching exceptionally high levels worldwide, raising borrowing costs for governments. Poland faces the same challenge — while Polish bond yields are lower than in Brazil, Mexico or South Africa, rating agency Moody's has already given Poland a "yellow card" that should not be dismissed lightly.
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Next year's total mandatory insurance and fund contributions are set to reach 663.3 billion zloty, averaging over 38,500 zloty annually per working Polish citizen. Economists point out that the complex and opaque fund system makes it difficult for people to assess how much they actually pay the state and how these funds are spent.
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The yield on 10-year US Treasury bonds has surged to levels unseen in years. Financial market historians warn that rapid interest rate increases have almost always preceded serious turbulence — "something always breaks". Analysts fear negative consequences for financial markets.
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Orlen has begun production from the Idun Nord field on the Norwegian continental shelf, where gas reserves are estimated at over 4 billion cubic meters. Two more locations are already in queue, aimed at strengthening Poland's energy security. This is another step by Orlen in expanding extraction operations beyond Poland's borders.
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Orlen confirmed it has filed a complaint with prosecutors over actions by the company's previous management. The issue concerns a long-term contract that Orlen considers flawed — failure to execute it could cost the group a $1.2 billion penalty. Energy Minister Miłosz Motyka commented on the matter.
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Interest rates on U.S. mortgages have risen above 7% — for the first time in over a year. Since the U.S. began military action against Iran, rates have increased by more than one percentage point.
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PGE Energia Ciepła laid a cornerstone on September 24 for a new gas cogeneration source at Kraków's heat and power plant. The nearly 900 million zloty investment will replace existing coal units, fitting into the transition away from coal. The project is being carried out by a company within the PGE Group.
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Leading German economic institutes significantly raised growth forecasts for Europe's largest economy, an unexpected positive development for Chancellor Friedrich Merz. The upturn provides temporary relief to a government facing numerous challenges. Economists warn, however, that serious threats on the horizon could slow growth.
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Gas prices in European contracts rose more than 3 percent in recent hours, reaching about 326 PLN per MWh. This is more than twice the price from a year ago. The increase is driven by lack of progress in negotiations between the US and Iran, stoking market fears about commodity supply.
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Oracle's share price fell after reports that the company sent a notice of force majeure to a contractor regarding the Jupiter data center project. Oracle wants to delay payments if the project does not go online as planned by 2028. The matter has sparked investor concerns about the company's ability to execute major infrastructure contracts.
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Polimex Mostostal signed a contract with Polish Nuclear Power Plants to build two halls for assembling reactor modules at a nuclear power plant. The contract is valued at approximately 292.2 million zloty net. The total value of contracts signed with Polish enterprises as part of the project has already exceeded 2.2 billion zloty.
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Construction began on a battery energy storage facility with a capacity of 600 MW and 2.4 GWh in Zbuczyn municipality in Mazovia — one of the largest such investments in Polish energy. Greenvolt Power, the investor, plans to launch the installation by the end of 2027.
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The Finance Ministry plans to implement an "e-VAT" system and National e-Cash Register (KeKR) that will enable automatic transmission of sales data to tax offices. The ministry acknowledges that the current process of replacing old cash registers with online ones is too slow. New regulations will force entrepreneurs to upgrade equipment faster.
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Guardian journalists revealed that America's largest convenience store chains — 7-Eleven and Circle K — regularly charge customers more than prices displayed on shelves and at fuel pumps. A customer in McAllen, Texas bought a snack priced at $3.99 but paid $4.19; an employee refused to honor the shelf price and threatened to call police. The practices affect both food items and fuel. Consumers are filing complaints with state prosecutors.
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A decade after China acquired German robot maker Kuka, Europe has dramatically fallen behind China in robotics and artificial intelligence. For every industrial robot manufactured in Germany, there are 14 Chinese robots. European companies and governments are trying to accelerate technological transformation to catch up and unlock robotics and AI potential.
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Coffee prices are soaring — a kilogram of popular Lavazza now costs around 130 zloty, and forecasts point to a possible price increase of up to 332%. For many Poles, coffee has become a product they must wait for on sale or hunt for cheaper offers online. Experts compare the current situation to the communist era, when coffee was a luxury commodity that was hard to obtain for the average consumer.
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OECD economists have warned bluntly in their latest report of serious turbulence in global stock markets. In a pessimistic scenario, they predict that in 2027 there could be the deepest stock market decline since the 2008 financial crisis. The forecast is based on three key risk factors detailed in the report.
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