Month: September 2020

The head of the United States Food and Drug Administration’s vaccine advisory committee has recused herself from the panel due to her involvement in supervising the clinical trial of Moderna Inc’s (NASDAQ: MRNA) COVID-19 vaccine, Reuters reported Wednesday.What Happened: Hana El Sahly, an associate professor of virology and microbiology at the Houston-based Baylor College of Medicine, assumed the chair of FDA’s Vaccines and Related Biological Products Advisory Committee last year.The panel of outside experts is tasked with recommending whether COVID-19 vaccines should get the approval of the agency.El Sahly also took charge as one of the three principal investigators for …read more […]

(Bloomberg) — HSBC Holdings Plc’s tumbling stock price is testing the patience of even the bank’s most loyal investors.Choi Chen Po-sum, a former vice chair of Hong Kong’s exchange who has owned HSBC shares for more than 40 years, now calls her investment a mistake. Simon Yuen, a money manager who has lobbied unsuccessfully for the bank to reinstate its dividend, says the stock’s slump to a 25-year low may have further to go. Ping An Insurance Group Co., HSBC’s biggest shareholder, has passed on opportunities to express confidence in the bank, saying only that its holding is a “long-term …read more […]

CrowdStrike Holdings has agreed to acquire Preempt Security in a cash-stock deal valued at $96 million. Under the terms of the transaction, the cloud-based cybersecurity provider would pay approximately $86 million in cash and the remaining $10 million in its common stocks. The company expects the acquisition to be completed during its third-quarter fiscal 2021.With the acquisition, CrowdStrike (CRWD) expects to offer enhanced Zero Trust security capabilities. Moreover, the company plans to strengthen its Falcon platform. Founded in 2014, Preempt is the first cybersecurity firm to offer “Zero Trust and Conditional Access solution for continuously detecting and preempting threats based …read more […]

Spot gold was down 0.4% to $1,855.72 per ounce by 0351 GMT, extending falls into a fourth session. U.S. gold futures were down 0.3% to $1,863.60. The dollar index held firm near a more than eight-week high against rival currencies, as signs of an economic slowdown in Europe and the United States revived concerns about the fallout from a second wave of COVID-19 infections. …read more […]

The technology is improving online shopping via a virtual try-on approach. …read more […]

Gilead Sciences, Inc (NASDAQ: GILD) has agreed to pay $97 million to settle allegations that it illegally paid for Medicare co-pays for its own pulmonary arterial hypertension drug Letairis through a charitable entity.What Happened: The Foster City, California-based drugmaker allegedly used a conduit foundation named Caring Voice Coalition (CVC) even though it was prohibited from doing so under the Anti-Kickback Statute, according to a statement issued by the U.S. Department of Justice.”Gilead used CVC to cover the patients’ co-pays in order to induce those patients’ purchases of Letairis,” the Justice Department claimed. “Gilead knew that the prices it set …read more […]

Volkswagen AG (OTC: VWAGY) held a “digital world premier” for its ID.4 electric SUV on Wednesday.What Happened: The electric SUV has a range of almost 320 miles and a top speed of nearly 100 miles per hour, Volkswagen said in a statement. The suggested retail price for the vehicle in the United States is $40,000, according to The Verge. Rival Tesla Inc (NASDAQ: TSLA) prices the “long range” Model 3 sedan at $40,690, as per its website. That vehicle delivers a range of 322 miles and a top speed of 145 miles per hour.The lowest-cost version of the yet to …read more […]

(Bloomberg) — From building Hong Kong’s largest shopping mall to constructing a sprawling $3.9 billion sports center, Adrian Cheng has been one of the most aggressive property investors in town. It’s a costly expansion strategy that’s now poised to test one of the city’s oldest real-estate empires.Cheng, 40, became chief executive officer of New World Development Co. in May, cementing his position after taking over from his father Henry a few years ago. But even as he ascended to the top, Cheng championed ambitious real-estate developments in the financial and tourism hub worth about $5 billion. Conceived on the assumption …read more […]

The large fine would lift a regulatory shadow that has hung over the bank for several years and mark a signature victory for the government’s efforts to clamp down on illegal trading techniques, such as spoofing, especially in the precious metals markets. JPMorgan has said in public filings https://jpmorganchaseco.gcs-web.com/node/338201/html that it was in discussions with authorities about resolving the investigations. The settlement with the Department of Justice, the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) could come as soon as this week and is not expected to result in any restrictions on the …read more […]

Gilead Sciences Inc has agreed to pay $97 million to resolve U.S. government claims it used a purportedly independent charity to pay illegal kickbacks to cover Medicare patients’ out-of-pocket costs for its pulmonary arterial hypertension drug Letairis. The U.S. Department of Justice said on Wednesday the settlement resolves allegations that Gilead improperly used the Caring Voice Coalition as a conduit to cover thousands of patients’ co-payment obligations. “Gilead used data from CVC that it knew it should not have, and effectively set up a proprietary fund within CVC to cover the co-pays of just its own drug,” U.S. …read more […]

Aggressive investors who know how to balance risk and reward are likely to be the biggest winners as oil prices rebound from record lows …read more […]

Today I’ll share one of the most important aspects of trading you will ever learn…
In fact, it may make the difference between staying in the game and going home broke!
It’s a really simple strategy to make sure you live to trade another day.
This can fundamentally alter how you trade stocks or options… forever.

P.S. Our strategies make The War Room something unique and profitable. We’ve handed members an insane 76.72% win rate since we launched! Over that time frame, we’ve had a 10.14% average gain with an average holding period of just over seven days. And this year alone, on average, …read more […]

Stock futures traded mixed Wednesday evening, but mostly hugged the flat line as equity investors took a pause from the heavy selling earlier in the day. …read more […]

Tasha Keeney, an analyst at ARK Invest, joined The Final Round to recap Tesla’s battery day, discuss her biggest takeaways, and her outlook for the stock through the rest of the year. …read more […]

(Bloomberg) — Gold’s slump this week is forcing investors to ask whether the haven asset is taking a breather or facing an even sharper decline.Unprecedented global stimulus, negative real rates and a weakening dollar pushed bullion to a record high above $2,075 an ounce in early August. While some banks, including Goldman Sachs Group Inc. and Bank of America Corp., forecast even higher prices, a resurgent dollar has seen gold give up some of its gains.Is this merely a temporary setback for the precious metal? Here are five charts that provide hints as to where gold goes next:Dollar DominanceThe key …read more […]