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3 “Strong Buy” Biotech Stocks That Recently Went Public

This year has seen more than its share of successful IPOs – and some giant flops. The extremes should have been expected, in a year with a record number of new public offerings. The second quarter was the best quarter for IPO activity in the last four years, with 62 companies raising $25 billion – and bringing in an average return of 30%. The tech and biotech sectors led the way.IPO activity has continued in the second half, but with lesser returns. Tech startups have been underperforming the general market, returning about 5% against the S&P year-to-date average of 22%. …read more […]

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UPDATE 1-Boeing orders sink as customers opt to swap MAX

Boeing Co took 10 new plane orders last month, but saw some customers swapping the U.S. planemaker’s grounded 737 MAX planes in favor of more expensive wide-body planes as doubts lingered about the MAX’s return to service. The numbers included what Boeing called a “conversion” by Air Lease Corp of 15 MAX orders into five 787 Dreamliners. Air Lease, which had 135 outstanding orders for the 737 MAX as of October, down from 150 orders in September, has said the conversion reflected greater demand from airline customers for the 787 in future years. …read more […]

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Boeing orders sink as customers opt to swap MAX

The numbers included what Boeing called a “conversion” by Air Lease Corp of 15 MAX orders into five 787 Dreamliners. Air Lease, which had 135 outstanding orders for the 737 MAX as of October, down from 150 orders in September, has said the conversion reflected greater demand from airline customers for the 787 in future years. Boeing’s orders and deliveries have lagged Airbus this year due to the prolonged grounding of its best-selling MAX jets following two fatal crashes that have killed hundreds of people. …read more […]

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UPDATE 1-Disney+ launch marred by glitches as demand overwhelms

Walt Disney Co said demand for its much-anticipated streaming service, Disney+, was well above its expectations in a launch on Tuesday marred by complaints from users about glitches and connection problems. Disney+ is relying on its extensive library of movies and TV shows as well as a new slate of content to take on market-leader Netflix Inc and Apple TV+, Apple Inc’s newly launched streaming service. Shares of Disney were up 1.5%, while Netflix shares were down nearly 2%. …read more […]

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UPDATE 1-Warren proposes 'corporate perjury' law related to industry-funded research

U.S. Senator Elizabeth Warren on Tuesday proposed a new “corporate perjury” law that she would pursue if elected to the White House, inspired by Exxon Mobil Corp’s past failure to share accurate climate change research with government regulators. “No one would be liable for mistakes, for submitting research in good faith that turns out to be wrong, or for raising honest disagreements,” Warren wrote on the website Medium. “ExxonMobil has continuously and publicly researched and discussed the risks of climate change, carbon life-cycle analysis and emissions reductions,” Exxon’s Scott Silvestri said. …read more […]