This lawsuit focuses on 80 topical generic drugs, including creams, gels and ointments, which have billions in dollars of U.S. sales. It accuses Novartis unit Sandoz, Teva generic unit Actavis, Mylan Inc, Pfizer and other companies of breaking antitrust law by dividing up markets and rigging bids, according to statements from the attorneys general. …read more […]
Boeing Co is aiming to conduct a key certification test flight on its grounded 737 MAX jet in late June, two people briefed on the matter said on Wednesday.
Treasury Secretary Steven Mnuchin believes the U.S. economy will need more help to pull out of the recession, but said the next round of support should be more targeted to the hardest hit parts of the economy. Congress has already approved close to $3 trillion in support to deal with the impact of the coronavirus, which has resulted in millions of layoffs and has pushed the country into recession. “There is no question that small businesses in many industries will need more help,” Mnuchin said. …read more […]
(Bloomberg) — Elon Musk wasn’t about to let a revenue-less manufacturer of zero-emission semi trucks steal the spotlight from Tesla Inc.The chief executive officer sent an email to employees before the market opened Wednesday declaring that it is “time to go all out” and put Tesla’s Semi into volume production. Musk didn’t give a time frame for when he expects mass output to actually happen. Just six weeks ago, Tesla said it was postponing initial deliveries to 2021, roughly two years later than initially planned.If Musk was looking to regain the attention of any investors whose eyes had wandered toward …read more […]
Miller Value Partners recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Miller Value Partners Opportunity Equity Fund posted a return of -38.4% for the quarter (net of fees), underperforming its benchmark, the S&P 500 Index which returned -19.6% in the same quarter. You should check out Miller […] …read more […]
A raft of small cap stocks has soared by hundreds of millions of dollars in value in recent weeks as frenzied retail traders piled in to a blistering stocks rally.
Investors are betting a weaker U.S. dollar will further boost a rally that has seen stocks, emerging market currencies and other risky assets soar in recent weeks.
Boeing Co is aiming to conduct a key certification test flight on its grounded 737 MAX in late June, two people briefed on the matter said. The 737 MAX has been grounded since March 2019 after two fatal crashes killed 346 people. Boeing told airlines it hopes to conduct the flight in late June and also notified them of a fix to address safety concerns about the placement of wiring bundles, the sources said. …read more […]
The S&P 500 and Dow slipped on Wednesday, as losses in financial stocks outweighed a boost from technology, with focus shifting to the Federal Reserve’s first projections on the economy since the coronavirus outbreak.
U.S. consumer prices fell for a third straight month in May and underlying inflation was weak as demand for goods and services remained subdued amid a recession caused by the COVID-19 pandemic.
DoubleLine Capital CEO and billionaire bond investor Jeffrey Gundlach sees a potential “wave of more higher-end unemployment’ hitting white-collar workers. Yahoo Finance’s On The Move panel weighs in. …read more […]
The Federal Reserve completes its latest policy meeting on Wednesday with attention turning from its massive response to the coronavirus pandemic and toward its still-developing plans to strengthen and lengthen a nascent economic recovery.
The Mexican unit of U.S. retailer Walmart said on Wednesday a shareholder meeting would discuss the absorption of two internal units, Holding de Restaurantes y Servicios and Tiendas Wal-Mart.
Tesla Inc’s stock jumped above $1,000 a share on Wednesday after Chief Executive Elon Musk told his staff it was time to bring the Tesla Semi commercial truck to “volume production.”
Diamond Hill Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Diamond Hill Small Cap Fund posted a return of -36.17% for the quarter, underperforming its benchmark, the Russell 2000 Index which returned -30.61% in the same quarter. You should check out Diamond Hill Capital’s top 5 […] …read more […]
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