Perceptive shares jump 20.47% intraday after announcing a merger with Freenome to create an AI/ML-based multi-cancer blood testing company and securing $240M in funding from institutional investors via PIPE.

think> Okay, let's tackle this query step by step. The user wants me to transform the given Chinese text into a concise news headline following specific rules. First, I need to make sure I understand all the requirements. The company name is "Perceptive," and the percentage change is 20.46728972%, which I need to round to two decimal places. That would be 20.47%. The time period is "intraday," so that's straightforward. Next, the reason for the price movement. The text mentions two main points: a business merger agreement with Freenome to create a company using AI/ML for blood-based multi-cancer detection, and a $240 million investment from institutional investors via a PIPE to fund the transaction. I need to combine these into a brief reason without losing key info. I should start with the company name, followed by the percentage and time period. Then, mention the merger and the investment. The example provided in the prompt uses a structure where the main reason is stated first, followed by additional details. Let me check the example again to ensure consistency. In the example, the output starts with the company name, the surge percentage, the time period, and the reason. The reason includes the subsidiary's action and project details, then a sentence about the company's focus. So, for this query, I should structure it similarly: company name, percentage, time period, then the merger and investment, and perhaps a brief note on the purpose of the merger. Wait, the user's transformation rules mention a brief reason for the price movement. So I need to condense both the merger and the investment into a concise statement. Maybe something like "announced a merger with Freenome to create an AI/ML-based multi-cancer detection company and secured a $240 million PIPE investment from institutional investors to fund the transaction." I should also ensure that the percentage is correctly rounded and formatted without trailing zeros. The original percentage is 20.46728972%, so rounding to two decimals gives 20.47%, which is correct. No trailing zeros here, so that's fine. Now, putting it all together: "Perceptive surged 20.47% intraday, announcing a merger with Freenome to create an AI/ML-based multi-cancer detection company and securing a $240 million PIPE investment from institutional investors to fund the transaction." I need to check if the time period is correctly placed. The example uses "in premarket trading," so here it's "intraday," so the structure should be similar. The example also includes additional details in a new sentence, but the user's rules don't mention that. The rules say "a brief reason," so maybe the entire reason is in one sentence. However, the example does have a second sentence explaining the company's focus. But the user's rules don't specify multiple sentences. Wait, the example output has two paragraphs. Let me check the rules again. The rules state: "Provide a brief reason for the price movement, retaining key information." The example has two paragraphs, but the first one includes the main reason, and the second explains the company's focus. However, the user's example might be a bit more detailed than required. The user's instruction says "a brief reason," so perhaps the main reason is the merger and investment, and the rest can be omitted unless necessary. The user's example does include a second paragraph, but the rules don't specify that. Maybe the user wants a single paragraph with the key info. Let me check the example again. In the example, the output is two paragraphs. The first is the headline with the surge and the immediate reason (subsidiary's agreement), and the second is the company's focus. The user's rules don't explicitly state whether to include the company's focus or not. The rules say "retaining key information," so if the company's focus is part of the reason for the price movement, it should be included. However, in this case, the price movement is due to the merger and the investment, not the company's general focus. Therefore, perhaps the second paragraph in the example is not necessary here. The user's example might have included it as part of the example, but the actual instruction for this query might not require it unless it's part of the reason. Wait, looking at the example input, the reason is the project agreement, and the second paragraph is about the company's focus. The user's rules don't mention including the company's focus unless it's part of the reason. In this case, the reason is the merger and the investment, so the company's focus (AI/ML-based detection) is part of the merger's purpose. Therefore, it's included in the reason. So the structure would be: company name, percentage, time period, then the merger and investment, with the purpose mentioned. So.