Asian shares lumbered lower on Wednesday as the Sino-U.S. trade talks produced nothing but a stream of conflicting messages, while concerns about a glut of supply saw oil prices suffer their biggest spill in seven weeks.
U.S. House of Representatives Speaker Nancy Pelosi on Tuesday conditioned her support for a new U.S.-Mexico-Canada trade deal on better enforcement of its labor provisions, defying pressure by the Trump administration to get the deal done quickly.
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.
Buoyed by optimism over the label expansion of Amarin’s (AMRN) flagship drug, Vascepa, the fish oil drug maker’s stock has run off to the races — up over 60% year-to-date. But how long can that last? This afternoon, US investment giant Oppenheimer predicted an imminent crash in Amarin shares.Oppenheimer analyst Leland Gershell and his team joined a small, but vocal camp of bearish folks waving investors away from Amarin stock. Gershell initiated coverage on AMRN with an “underperform” rating and a $7.00 price target, predicting the stock will drop about 70% in the next 12 months. (To watch Gershell’s track …read more […]
Update on the guru’s new buys for the quarter Continue reading… …read more […]
Alibaba will raise up to $12.9 billion in its Hong Kong secondary listing, two sources with direct knowledge of the matter said.
The Chinese e-commerce giant has given guidance to prospective institutional investors that its shares will price at $HK176 each, which is a 2.8 per cent discount to the shares’ closing price in New York on Tuesday. Alibaba did not immediately respond to a Reuters request for comment. …read more […]
Qualcomm Inc expects global smartphone makers to ship 450 million 5G handsets in 2021 and another 750 million in 2022, the world’s largest supplier of mobile phone chips said on Tuesday. Qualcomm said 5G adoption will be faster than 4G due to the timing of commercialization of the technology in China and availability of chipsets across different price tiers. Going by Qualcomm’s previous forecast of a range between 175 million and 225 million 5G devices for next year, the 2021 forecast suggests 125% growth from the midpoint of the 2020 outlook. …read more […]
The American Medical Association (AMA) on Tuesday called for a total ban on all e-cigarette and vaping products that are not approved by the U.S. Food and Drug Administration as smoking cessation tools. The AMA is urging regulators and legislators at the state and local levels to ban the sale and distribution of all e-cigarette and vaping products, and stipulates that those products should only be available by prescription. …read more […]
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 […]
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 […]
The U.S. Federal Reserve said on Tuesday it approved a merger between BB&T Corp and SunTrust Banks Inc , sealing the biggest tie-up of banks since the 2007-2009 global financial crisis.
U.S. House of Representatives Speaker Nancy Pelosi said on Tuesday an agreement with the Trump administration on the U.S.-Mexico-Canada trade deal can be reached if it is enforceable.
(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 […]
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.
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