SHANGHAI, Oct. 8, 2020 /CNW/ — CBC Group (“CBC”), a healthcare-dedicated investment platform, today celebrates the initial public offering (IPO) of Everest Medicines (“Everest”) (1952. …read more […]
Novavax (NVAX) is back in the news again, only this time, it’s not because of its COVID-19 vaccine candidate. During the 2020 World Vaccine Congress Washington last week, the vaccine maker presented data from the Phase 3 respiratory syncytial virus (RSV) and NanoFlu programs, with the latter attracting significant attention from the Street.The incremental cell-mediated immunity (CMI) data for NanoFlu, its seasonal quadrivalent influenza vaccine candidate, demonstrated that the asset was able to induce substantially higher polyfunctional CD4+ T cell responses than what had been previously reported for other “enhanced” influenza vaccines in older adults.The Phase 3 NanoFlu program was …read more […]
(Bloomberg) — Kelcy Warren, the Dallas billionaire known for controversial pipelines and aggressive dealmaking, is stepping down as chief executive officer of Energy Transfer LP. But if the move is anything like those of fellow moguls in the pipeline industry, he isn’t going far.The company late Thursday named Chief Operating Officer Mackie McCrea and Chief Financial Officer Tom Long as co-CEOs. Warren, 64, will stay on as executive chairman and remains the top investor. He’ll also retain a majority stake in the so-called general partner that controls Energy Transfer’s board.Warren appears to be following a playbook employed by his billionaire …read more […]
Ready, set, launch. After much anticipation, Apple (AAPL) announced that its iPhone 12 launch will take place virtually on October 13, with the phones becoming available for purchase in late October.Weighing in on the development for Wedbush, 5-star analyst Daniel Ives sees a spike around production and pent up demand for the lineup of iPhone 12 models (four new models are expected) set to be unveiled.This is especially apparent when it comes to AAPL’s Asian suppliers, which are anticipating major demand for the larger 6.7-inch model, “raising the overall iPhone 12 expectations heading into this ‘once in a decade’ potential …read more […]
It has been a blowout year for Nvidia (NVDA). The chip giant’s relentless forward march has been boosted by strong macro driven performances from its two main breadwinners – gaming and data center – and an increasing focus on rising secular trends, including autonomous vehicle technology and artificial intelligence (AI).It also completed the takeover of data specialist Mellanox and, pending regulatory approval, has the $40 billion acquisition of UK-based chip designer ARM lined up next.It is the latter’s anticipated addition, along with its implications on Nvidia’s growing AI opportunity, which has Needham analyst Rajvindra Gill laying out the bull case …read more […]
A few weeks ago, War Room members jumped into Bausch Health Companies (NYSE: BHC). This morning shares jumped more than 12% when the company announced its expected upcoming revenues and earnings.
Here’s an excerpt from Dow Jones & Company:
Bausch Health Cos. said it expects reported revenue for the third quarter to be more than $2.1 billion, down about 3% from the comparable quarter a year ago. For the year, the company said it expects revenue “to be around the midpoint of” its current guidance ranges of $7.8 billion to $8 billion. It expects adjusted earnings before interest, taxes, depreciation and amortization …read more […]
On March 31, I took you behind the scenes of what I thought was the trade of the year.
Now I believe that it was actually the trade of the decade, if not the century.
Here’s how it played out…
On March 3, hedge fund manager Bill Ackman notified investors in his publicly traded investment vehicle Pershing Square Holdings (OTC: PSHZF) that he was extremely worried about COVID-19 creating an economic catastrophe.
More importantly, he told investors that he had placed a trade that would protect Pershing Square’s investments from this catastrophe and position him and his investors to profit.
Here’s exactly what he did…
In …read more […]
Stock futures traded higher Thursday evening as investors continued to mull chances of a virus-relief package amid mixed signals from officials as to what size of a proposal they might support. …read more […]
The so-called F.A.A.M.G. stocks have been the target of Washington DC’s ire all year. But Microsoft – no stranger to Congressional inquiries in years past – has largely managed to escape the glare. …read more […]
WAKEFIELD, Mass., Oct. …read more […]
(Bloomberg) — Oil climbed to the highest in more than a month as Hurricane Delta forces operators to shut in nearly 92% of crude output in the Gulf of Mexico.Futures in New York rose 3.1% as Gulf of Mexico producers shut in 1.7 million barrels a day of production ahead of Delta, which is forecast to slam into the already battered Louisiana coast on Friday as a Category 2 hurricane. Prices also gained as an oil-workers strike in Norway threatens almost a quarter of its output. Meanwhile, some members of OPEC+ may be reconsidering plans to boost output in the …read more […]
On Thursday, House Speaker Nancy Pelosi went on record to say that there would be no standalone bill for airlines if there was not going to be larger coronavirus stimulus. Yahoo Finance’s Jess Smith joins The Final Round panel to discuss the latest happenings down in Washington D.C. …read more […]
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