Year: 2020

Readers hoping to buy CVS Health Corporation (NYSE:CVS) for its dividend will need to make their move shortly, as the… …read more […]

Top news and what to watch in the markets on Friday, October 16, 2020. …read more […]

We feel now is a pretty good time to analyse Aurinia Pharmaceuticals Inc.’s (TSE:AUP) business as it appears the… …read more […]

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(Bloomberg) — Stocks in Europe gained on the back of positive corporate news, while U.S. equity-index futures fluctuated as investors considered the economic impacts of fresh restrictions to curb the coronavirus pandemic and the stalemate over U.S. stimulus.Volvo shares rose after the car maker’s results beat analysts’ estimates. Thyssenkrupp surged more than 20% after a report that Liberty Steel will make a multi-billion-euro bid for its steel unit. Shares slipped in Tokyo and Seoul but climbed in Hong Kong. Treasuries edged up and the dollar was steady, while crude oil retreated.The British pound held Thursday’s drop versus the euro, with …read more […]

(Bloomberg) — Europe’s top aviation regulator said he’s satisfied that changes to Boeing Co.’s 737 Max have made the plane safe enough to return to the region’s skies before 2020 is out, even as a further upgrade his agency demanded won’t be ready for up to two years.After test flights conducted in September, EASA is performing final document reviews ahead of a draft airworthiness directive it expects to issue next month, said Patrick Ky, executive director of the European Union Aviation Safety Agency.That will be followed by four weeks of public comment, while the development of a so-called synthetic sensor …read more […]

Shares in Zynerba Pharma (ZYNE) jumped 6.4% in Thursday’s trading, and continued to climb 1.6% after-hours, after new data from the Phase 2 Bright trial showed the potential for Zygel (ZYN002) to improve behavioral symptoms of autism alongside stable standard of care in children and adolescents with moderate-to-severe autism spectrum disorder (ASD).“The Phase 2 BRIGHT trial provides the first clinical evidence of the potential for Zygel to improve behavioral symptomology in a group of highly symptomatic pediatric and adolescent patients with ASD,” said Helen Heussler, principal investigator in the trial.“In these children receiving Zygel, the observed changes from baseline are …read more […]

Shares in Amarin (AMRN) popped 4% in Thursday’s after hours trading after the company presented encouraging data on Vascepa (icosapent ethyl) in patients with prior PCI [percutaneous coronary intervention] at the virtual Transcatheter Cardiovascular Therapeutics (TCT) Connect conference.The REDUCE-IT PCI analysis looked at 3,408 (41.7%) of patients enrolled in REDUCE-IT who had undergone a prior PCI.Compared with placebo, Vascepa significantly reduced primary composite first and total MACE (major adverse cardiovascular events) in post hoc exploratory analyses of patients with a history of PCI by 34% and 39%, respectively, and key secondary composite first hard MACE, comprised of heart attacks, stroke …read more […]

Hewlett Packard Enterprise shares rose 2.5% in extended trading on Thursday after it provided FY21 EPS outlook in the range of $1.56 to $1.76, much higher than the analysts’ expectations of $1.46. The FY21 EPS outlook is also 10% higher year-over-year at the mid-point.Hewlett Packard Enterprise (HPE) also projects FY21 free cash flow in the range of $0.9 billion to $1.1 billion, up 65% year-over-year at the mid-point.At the same time, the enterprise information technology company laid out a three-year financial outlook and expects currency-adjusted annualized revenues to grow in the range of 1% to 3% through 2023. The company …read more […]

Ford Motor Company (NYSE: F) released its sales results for the third quarter in China on Thursday, ahead of the planned earnings release scheduled for Oct. 28.What Happened: The automakers reported it sold 164,352 vehicles between July and September in China, marking the largest year-over-year sales growth in nearly four years. Compared to Q3 2019, the current sales figures represent a 25.4% upsurge and a 3.6% increase against the second quarter of 2020.Ford operates in China through its joint ventures with companies like Chongqing Changan Automobile (Changan Ford), Jiangling Motor Corporation (JMC), and the Taiwanese automaker Lio Ho Group (Ford …read more […]

(Bloomberg) — Ant Group plans to increase the valuation target for its initial public offering to at least $280 billion due to strong demand, charging ahead with the sale even as the Trump administration weighs restrictions on the Chinese fintech giant, according to people familiar with the matter.The Hangzhou-based company is lifting the target by at least 12% from a previous estimate of $250 billion after initial discussions with investors, the people said, requesting not to be identified because the matter is private. Ant aims to raise about $35 billion in the sale, people familiar said.Despite the U.S. headwinds, Jack …read more […]

The Caribbean refinery’s owner, Limetree Bay Ventures, has spent at least $2.7 billion restoring the facility, initially hoping to tap rising demand for low-sulfur fuels and markets in Latin American and Caribbean. BP Plc invested in the plant with an agreement to supply its crude and market the fuels produced in anticipation of a late 2019 startup. Limetree owners EIG Global Energy Partners and Arclight Capital Partners embarked on the overhaul in expectation of a surge in demand for marine fuels that comply with new maritime rules for low sulfur content. …read more […]

Nikola Corporation (NASDAQ: NKLA) CEO Mark Russell took distance from the company’s electric pickup truck Badger in an interview with the Financial Times on Thursday. What Happened: Russell sought to diminish the role Badger plays in the company’s business — a stance diametrically opposite to Nikola founder and former Executive Chairman Trevor Milton, who had announced the truck in June, FT reported.”The Badger was an interesting and exciting project to some shareholders, but our institutional shareholders are mostly focused on the business plan,” Russell said.The CEO added that Nikola’s “core business plan since before we became publicly listed always focused …read more […]

(Bloomberg) — Overseas investors should look to invest in Indian digital to consumer sector companies now as the economic fallout of the coronavirus pandemic makes valuations of businesses attractive, Asia’s richest banker said.“I have always believed you have to invest in India when things look more challenging,” Uday Kotak, the managing director of Kotak Mahindra Bank Ltd. said in a conversation with David Rubenstein, the co-founder of Carlye Group Inc. at the Bloomberg India Economic Summit Thursday. “That’s the best time to put your money to work.”With half a billion Internet users and growing, overseas investors had been pouring money …read more […]

Spot gold was down 0.1% to $1,906.80 per ounce by 0320 GMT, losing 1.2% so far in the week. U.S. gold futures were up 0.2% at $1,912.20. “There’s some further upside for the dollar and that’s been a major headwind for gold, in addition to the ongoing (U.S.) stimulus negotiations which have yielded no progress,” said Edward Moya, a senior market analyst at OANDA. …read more […]