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Morgan Stanley pushes advisers to boost revenue in 2020 pay plan -sources

Morgan Stanley told financial advisers on Tuesday that they could be paid less if they do not generate more revenue or get customers to sign up for comprehensive financial plans next year, people familiar with the bank’s 2020 compensation plan said. Morgan Stanley made several changes to the incentive structure, including its 16-tier “pay-out grid” that determines what percentage of fees and commissions brokers get to take home. Anyone generating less than $5 million in annual revenue will have to deliver another 10% to reach the payout they received in 2019, according to material reviewed by Reuters. …read more […]

Newsmakers

CytoDyn’s (OTC: CYDY) Lead Product Candidate Leronlimab (PRO 140) Inhibits Colon Carcinoma Metastases to Liver and Lung in Preclinical Studies

CytoDyn will file for expanded access IND for patients with pancreatic, prostate, lung, breast, liver and melanoma cancers VANCOUVER, Washington, Nov 19, 2019  — CytoDyn Inc. (otc.qb:CYDY), (“CytoDyn” or the “Company”), a late stage biotechnology […]

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Kylie Jenner-Coty Deal Led by Little-Known Adviser Tiger Chark

(Bloomberg) — A deal by one the world’s largest makeup brands to back a venture by a member of reality television’s royal family was a coup for a little-known firm that advised Coty Inc.When Coty announced its $600 million investment for the majority stake in Kylie Jenner’s cosmetics company this week, it said it tapped Tiger Chark LLC, an adviser that had not been publicly connected to a deal before.Tiger Chark acted as a matchmaker connecting Coty to Kylie Jenner, a member of the Kardashian-Jenner clan, and also as a brand consultant, people familiar with the matter said, asking not …read more […]

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Business News

NTSB cites Uber, distracted backup driver in fatal self-driving crash

The U.S. National Transportation Safety Board (NTSB) on Tuesday took Uber to task for what it said were weaknesses in its approach to safety as it laid out its findings in the investigation of the first-ever death involving a self-driving vehicle, which also cited the vehicle’s back-up safety driver.

…read more […]

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UPDATE 1-California toughens drilling oversight in setback for industry

California, the seventh-biggest U.S. oil-producing state, on Tuesday unveiled new regulations for drillers as it seeks to wind down its reliance on fossil fuels. The regulations, which were applauded by environmental groups, sent shares of California-based oil drillers Berry Petroleum Corp and California Resources Corp down sharply. The announcement by Governor Gavin Newsom underscored the sharp differences between the heavily Democratic state and the Trump administration’s energy dominance agenda, which has sought to ease oil and gas regulations and boost U.S. production. …read more […]

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3 Reasons to Be Bullish on THIS Market

Cue Rita Coolidge and the theme song from Octopussy.
U.S. stocks hit a series of their own “all-time highs” last week, and they seem poised to continue higher in the near term.
A number of things have stirred the animal spirits on Wall Street, including…
1. The Fed
You might not like what the Fed is doing. I could argue there was no need for the recent round of rate cuts, especially with the unemployment rate so low.
But the phrase “don’t fight the Fed” is a cliché for a reason.
The Fed’s October rate cut was its third since June. When the Fed previously cut …read more […]

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INTERVIEW: TCV Partner Woody Marshall Explains the Key to a Winning Technology Growth Story

Woody Marshall, General Partner at TCV By John Jannarone Investing in a growth company requires a view that a business can be fundamentally profitable over an extended time horizon. But in some cases, public-market investors simply don’t have the patience to see a business blossom. That’s according to Woody Marshall, General Partner at Menlo Park-Based […] …read more […]