Year: 2020

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It has been a volatile ride for investors of DraftKings (DKNG). Since closing at an all-time high of $63.78 on October 2, the share price has dropped by 32%. However, the stock is showing signs of upward movement, as good news is once again taking hold of the narrative.The presidential election results might still be at an impasse, but election night handed a 3-0 victory to the sports betting sector. Maryland, Louisiana, and South Dakota all voted to approve legalized sports betting in 2021.Oppenheimer analyst Jed Kelly is in no doubt as to what it means for the fledgling industry.“We …read more […]

No blue wave under a possible Biden presidency may make it harder to pivot towards a greener economy — keeping fossil fuels around for longer, says one oil analyst.

“The president, if it is indeed Biden, he could scale back drilling on public lands — that is a possibility. There’s other measures that he could take to stop the progress of fossil fuels … but in general, green energy will struggle with a Republican Senate ” said Bob Yawger director of energy futures at Mizuho Securities. …read more […]

Despite the recent pullback, Trevena (TRVN) stock has had an excellent 2020 with shares rocketing 182% year-to-date. According to H.C. Wainwright analyst Douglas Tsao, there’s a lot of fuel left in the tank.Tsao’s confidence is based on the imminent launch of Olinvyk, the company’s recently approved opioid agonist for the treatment of moderate to severe acute pain in adults. Olinvyk has been designated Schedule 2 status by the DEA and will hit the market this month.Trevena has just revealed its price plan for the drug; Olinvyk will be sold in three sizes: 1 and 2mg vials for bolus dosing costing …read more […]

CALGARY, AB, Nov. 5, 2020 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL) (NYSE: PBA) announced today that its Board of Directors declared a common share cash dividend for November 2020 of $0. …read more […]

(Bloomberg Opinion) — Jack Ma was right: You can’t use rules for a railway station to run an airport. Or, regulate a cutting-edge online lending platform like a traditional bank.Chinese authorities effectively took the founder of e-commerce behemoth Alibaba Group Holding Ltd. to task for such views by suspending the $35 billion initial public offering of its fintech offspring, Ant Group Co., just before the scheduled launch. The move follows the release of new draft regulations on increasingly popular online consumer lending that will squeeze profits and raise the cost of compliance for fintech pioneers.The measures essentially put the up-and-comers …read more […]

Solid results continue to demonstrate the Company’s resilienceAll financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures that are not defined by Generally Accepted Accounting Principles (“GAAP”), including net revenue, adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”), cash flow from operating activities per common share, adjusted cash flow from operating activities and adjusted cash flow from operating activities per common share. …read more […]

DUBLIN, Nov. 5, 2020 /CNW/ — Endo International plc (NASDAQ: ENDP) today reported financial results for the third-quarter ended September 30, 2020. …read more […]

COVID-19 is changing the way Americans eat.
Before the pandemic, Americans spent more of their food budgets on away-from-home dining than on food retail.
(Food retail comprises all non-restaurant food purchased at a location and consumed off premises, such as food from grocery stores and convenience stores.)
In 2018, U.S. consumers spent $931 billion on away-from-home dining. And 73% of that went to restaurants. That was up almost 30% from the decade before.
But quarantine lockdowns have shifted that trend. As you can see below, more than 40% of shoppers say they are cooking more meals at home than they were pre-pandemic.

In March, “monthly …read more […]

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The race to be first to market with a Covid-19 vaccine is already in advanced stages with several names deep into their candidates’ Phase 3 trials.While several “big pharma” representatives are among the leading pack, the coronavirus has also provided several small cap biotechs a platform on which to gain traction.A latecomer to the race is VBI Vaccines (VBIV). The company certainly won’t make it across the finish line first, but as the pandemic evolves, could have a role to play further down the line.VBI recently secured $42 million in funding from the Canadian government to advance development of its …read more […]

Record Annual Recurring Revenues (ARR) and Cloud Revenue, Announces 15% Dividend IncreaseWATERLOO, ON, Nov. 5, 2020 /CNW/ –First Quarter HighlightsTotal Revenues(in millions) Annual Recurring Revenues(in millions) Cloud Revenues(in millions) ReportedConstant Currency ReportedConstant Currency ReportedConstant Currency $804. …read more […]

Most Americans still manage their finances using brick-and-mortar banks, brokerages, and insurance companies.
But so-called “fintech” companies are slowly chipping away at these traditional businesses. Soon even your local bank branch and ATM may be relics of the past.
“Fintech” is short for the “financial technology” sector. It consists mostly of startups that have developed digital technologies to provide cheaper and faster financial services to tech-savvy consumers.
Fintech services include payment processing, online and mobile banking, online and peer-to-peer (P2P) lending, and even brokerages like Robinhood.
Fintech is still a small part of the overall global banking and financial sector. But it is snowballing. …read more […]

State and local cases against Trump will get a boost. But don’t expect a Biden administration to prosecute Trump soon–or ever. …read more […]

(Bloomberg Opinion) — Nov. 3 was a sad, sad day for China. Not because America’s election changes anything about its hawkish stance toward Beijing — that’s bipartisan — but because China lost a golden investment opportunity by shooting itself in the foot. Looking purely at the numbers, China is in a sweet spot right now. Its bonds are attractive, as the yield differential with U.S. Treasuries hovers near a five-year high. Beijing’s virus-containment strategy is working, and the economy has bounced back. Meanwhile, President Xi Jinping’s latest five-year economic blueprint, which favors innovation and domestic consumption, is a win for …read more […]