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Capital Markets Demand Trends

MORGAN STANLEY · 2026-08-25 · Importance 34 · Surprise 42

Geothermal developer Eavor hired Morgan Stanley to evaluate routes to becoming a public company. Options include a traditional IPO or a SPAC merger. The mandate follows Eavor’s initial geothermal project missing expectations and a subsequent overhaul of its business model, while the company remains one of the sector’s best-funded developers.

Key facts

• MORGAN STANLEY projected a 15% net price compression from China's new lab-fee reform and estimated FY27 EBIT exposure for EU diagnostics companies, ranking bioMérieux highest at 5%, DiaSorin at 2%, and Siemens Healthineers and Qiagen both at 1%. source
• MORGAN STANLEY increased its stake in Black Stone Minerals LP by 2,123,101 shares on August 6, 2026, bringing its total ownership to 5.20% at a transaction price of $14.18 per share. source
• Kaushik Goswami, a director of Morgan Stanley Investment Management Inc., resigned from the Delegated Sponsor board of the Morgan Stanley Bitcoin Trust effective August 19, 2026, as disclosed in an SEC Form 8-K filed August 25, 2026. source
• MORGAN STANLEY raised its price target for ExxonMobil to $177, predicting the stock will surpass its previous record high. source