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Belarus Protests Continue, Pressure Grows on President Lukashenko

Mass protests continue in Belarus, where workers called for an election rerun on Monday. As the president trades barbs with exiled opposition leader Svetlana Tikhanovskaya, risks of a fight for influence between Russia and the West have grown. Photo: Tatyana Zenkovich/Shutterstock, Nikolai Petrov/Associated Press …read more […]

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Covid-19 Vaccine Push Lacks a Key Ingredient: Trust

(Bloomberg Opinion) — In the war against the coronavirus, only one weapon has the potential to ease the conflict quickly: a vaccine. With about 164,000 Americans dead from Covid-19, the economy battered and communities forced into recurring lockdowns, the federal government has made a $10 billion wager that public funds and expertise wedded to private research and production can jump-start a vaccine’s arrival — possibly by early next year.Operation Warp Speed, launched in April, is administered by the Department of Health and Human Services, the Biomedical Advance Research and Development Authority, and the Department of Defense, along with several other …read more […]

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Time to Get a Second Passport… If You Can Afford It

We’re perfectly happy on our farm.
We study the markets by day, muse about our thoughts on it all and then go relax by sweating the night away as the sun goes down.
We worked hard to get it. It’s home.
We don’t intend to leave.
So is it “un-American” or disrespectful to our land if we have our eye on another land? You know… just in case.
Second Passports
It’s a hot topic these days. As America locks up, melts down and jumps from right to left, record numbers of citizens are eyeing up a second passport.
Demand is up fivefold this year.
It’s a heck of …read more […]

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Goldman Boosts S&P 500 Target by 20% as Strategists Catch Up

(Bloomberg) — Goldman Sachs Group Inc. is the latest firm to boost its year-end price target for the S&P 500, as a relentless rally off the March lows leaves strategist predictions in the dust.David Kostin raised his forecast for the benchmark U.S. gauge to 3,600 from 3,000, joining the likes of Yardeni Research founder Ed Yardeni and RBC Capital Markets’ Lori Calvasina who’ve upped their forecasts in recent weeks. The rally has caught many investors by surprise, with the S&P 500 now sitting at 3,372.85 — 51% off its March lows — and threatening to eclipse its February closing record. …read more […]

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Sanofi to Buy Principia Biopharma in $3.4 Billion Deal

Aug.17 — Sanofi has agreed to acquire Principia Biopharma Inc. in a $3.4 billion deal. The move comes as the French drug maker pivots toward innovative therapies to spur growth. The all-cash deal will see Sanofi taking full control of the U.S. autoimmune drug maker. Bloomberg’s James Paton reports on “Bloomberg Markets: European Open.” …read more […]

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Morgan Stanley Sees Stocks Hit in Bond Rout as Bull Market Forms

(Bloomberg) — This month’s selloff in U.S. government bonds could spark a correction in equity markets before a new cycle of stock gains, according to Morgan Stanley.“There is growing evidence that long term nominal yields are making a secular trough with several near term catalysts that may extend last week’s rise,” strategists including Michael Wilson wrote in a note on Monday. “Such a development could prove to be very challenging to many equity portfolios that likely embed higher long duration risk than may be appreciated.”Ultimately, a selloff in equities would likely kickstart a new bull market in stocks, the note …read more […]

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`Bit Odd’ to See Dollar So Weak, Saxo Bank’s Hardy Says

Aug.17 — John Hardy, head of FX strategy at Saxo Bank, discusses U.S.-China tensions, the Presidential election and the dollar which has been under increasing pressure since late March after the Federal Reserve pledged unlimited liquidity to support an economy hurt by the coronavirus pandemic. Hardy speaks on “Bloomberg Markets: European Open.” …read more […]