To The Moon

May 22 (Reuters) - Sanofi will acquire Vigil Neuroscience, a clinical-stage biotech company in a $470 million deal, the companies said on Thursday, as the French drugmaker seeks to boost its neurologi

Wild trading in meme stocks such as GameStop and AMC Entertainment has once again captured the imaginations of individual investors, but the frenzy of YOLO trading hasn't lifted the fortunes of the fund industry.Assets in U.S. thematic funds peaked at nearly $200 billion in 2021 and have since dropped to $120 billion, according to Morningstar Direct, even though major stock indexes are trading near records.Thematic funds are struggling to bring in investors even as total fund flows have been strong in 2024. Investors have pulled money from U.S.-based thematic funds for nine consecutive quarters, according to Morningstar Direct, with outflows over that period totaling almost $20 billion. Quarterly inflows to the category peaked at $35.8 billion in the first quarter of 2021, when the meme-stock frenzy kicked off in earnest.Investors who took that risk were rewarded with eye-catching gains during "the post-Covid everything bubble," Lamont said. But the funds struggled mightily after the F