Month: November 2019

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Trading Ideas

UPDATE 1-Treasury yields drop on reports trade deal may not come this year

November 20, 2019 admin Comments Off on UPDATE 1-Treasury yields drop on reports trade deal may not come this year

Treasury yields dropped on Wednesday on news a “phase one” U.S.-China trade deal may not be completed this year, according to Reuters sources. Negotiations to finalize a deal may extend into next year, trade experts and people close to the White House said, as Beijing presses for more extensive tariff rollbacks, and as the Trump administration counters with heightened demands of its own. Benchmark 10-year Treasury note yields were last down 5.6 basis points at 1.730%. …read more […]

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Hedge Fund Innovator Joseph Edelman Doubles Down on These 3 Biotech Stocks

November 20, 2019 admin Comments Off on Hedge Fund Innovator Joseph Edelman Doubles Down on These 3 Biotech Stocks

More than 500 biotech companies operate in the US, doing their part to make it the world’s hub for innovation. Only about 20 of them turn a profit, though, highlighting the dangers of the biotech sector. High overhead, long research terms, and the uncertainties of clinical testing and regulatory approval all weigh on them, making biotech at once the riskiest and most potentially profitable of the stock market’s segments.Enter Joseph Edelman. The hedge fund veteran started Perceptive Advisors back in 1999 with just $6 million, and his hedge has grown to hold over $5 billion in assets under management today. …read more […]

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UPDATE 1-Alnylam's rare genetic disorder drug gets early U.S. approval

November 20, 2019 admin Comments Off on UPDATE 1-Alnylam's rare genetic disorder drug gets early U.S. approval

Alnylam Pharmaceuticals Inc on Wednesday received an early U.S. approval for its gene silencing drug to treat patients with a rare genetic disorder that can cause severe pain. The drug, Givlaari, uses a mechanism known as RNA interference to target and “silence” specific genetic material, blocking the production of the protein that causes the disease called acute hepatic porphyria. …read more […]

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Business News

GM sues Fiat Chrysler, alleging bribery of union officials cost it billions of dollars

November 20, 2019 admin Comments Off on GM sues Fiat Chrysler, alleging bribery of union officials cost it billions of dollars

General Motors Co on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival engaged in bribery over many years to corrupt the bargaining process with the United Auto Workers (UAW) union and gain wage and work practices advantages, costing GM billions of dollars.

…read more […]

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Tesla needs safeguards to prevent drivers from sleeping on 'Autopilot' -U.S. senator

November 20, 2019 admin Comments Off on Tesla needs safeguards to prevent drivers from sleeping on 'Autopilot' -U.S. senator

Democratic U.S. Senator Ed Markey asked Tesla Inc on Wednesday to disable its “Autopilot” driver-assistance system until it installs new safeguards to prevent drivers from evading system limits that could let them fall asleep. Markey cited a local news report that said a driver had fallen asleep behind the wheel as a Tesla drove 14 miles on Autopilot. Other unconfirmed videos on social media appear to show drivers sleeping behind the wheel of Tesla vehicles. …read more […]

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Business News

‘Phase One’ U.S.-China trade deal may not be completed this year: trade sources

November 20, 2019 admin Comments Off on ‘Phase One’ U.S.-China trade deal may not be completed this year: trade sources

Completion of a “phase one” U.S.-China trade deal could slide into next year, trade experts and people close to the White House say, as Beijing presses for more extensive tariff rollbacks, and the Trump administration counters with heightened demands of its own.

…read more […]