Articles by admin

AstraZeneca Plc (NYSE: AZN) CEO Pascal Soriot said during a conference call with investors Wednesday that a person experiencing symptoms related to a rare neurological disorder caused its global COVID-19 vaccine trials to pause, Stat reported. What Happened: Soriot revealed that the trial participant, a woman in the United Kingdom, suffered symptoms consistent with a spinal inflammatory disorder called transverse myelitis, according to Stat.The diagnosis wasn’t confirmed and the woman could to be discharged from the hospital as soon as Wednesday, according to the executive.A board overseeing safety and data components of the trial reportedly confirmed that the participant was …read more […]

(Bloomberg Opinion) — The British pound has been on a losing streak in recent days as the likelihood increases the U.K. will leave the European Union without a trade agreement. Given the potential disastrous economic consequences of such a fractious departure, the question arises as to why traders haven’t punished sterling even harder.The answer probably lies in the fault lines that bedevil the pound’s peers. But its resilience may not last.The U.K. government said this week it’s prepared to break international law “in a very specific and limited way,” introducing legislation on Wednesday designed to dodge parts of the EU …read more […]

Lucid Motors on Wednesday unveiled the Lucid Air electric sedan in a web broadcast, its answer to Tesla Inc’s (NASDAQ: TSLA) Model S vehicle.What Happened: The deliveries of the new electric sedan are slated to begin early spring next year, the Newark, California-based company said in a statement.”With the Lucid Air, we have created a halo car for the entire industry, one which shows the advancements that are possible by pushing the boundaries of EV technology and performance to new levels,” Lucid CEO Peter Rawlinson said.”We are building the best car in the world, the numbers simply speak for themselves,” …read more […]

Boeing Co is submitting to an independent review of its compliance and ethics practices, according to an agreement struck with NASA and the U.S. Air Force and seen by Reuters, part of widening fallout from its behavior in bidding to supply lunar landing vehicles. The agreement, signed in August, comes as federal prosecutors continue a criminal investigation into whether NASA’s former human exploration chief, Doug Loverro, improperly guided Boeing space executive Jim Chilton during the contract bidding process. By agreeing to the “Compliance Program Enhancements”, the aerospace heavyweight staves off harsher consequences from NASA and the Air Force …read more […]

J.C. Penney Co Inc reached a tentative deal with landlords and lenders valued at $1.75 billion (1.35 billion pounds) to rescue the beleaguered department store chain from bankruptcy proceedings, averting a liquidation that would have threatened roughly 70,000 jobs and represented one of the most significant business collapses following the coronavirus pandemic, a company lawyer said. Mall owners Simon Property Group Inc and Brookfield Property Partners LP have teamed up to acquire J.C. Penney’s retail operations and are putting the finishing touches on an agreement, Joshua Sussberg, a Kirkland & Ellis LLP lawyer representing the company, said during a …read more […]

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […] …read more […]

2020 has been good so far for the semiconductor sector. The SOX (PHLX Semiconductor Index) – the industry’s overall barometer – is up by 18%, way in front of the S&P 500’s 5% uptick. One chipmaker that has gotten attention lately is Broadcom (AVGO). A strong showing in the company’s latest quarterly statement has just received widespread approval from Street analysts.Count Rosenblatt analyst Hans Mosesmann among those impressed. Following the earnings report, the 5-star analyst reiterated a Buy rating and raised his price target from $370 to $430. The implication for investors? Upside of 19% from current levels. (To watch …read more […]

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […] …read more […]

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […] …read more […]

(Bloomberg) — The owner of the Triple Crown-winning horse American Pharaoh filed for personal bankruptcy protection, seeking to discharge more than $19 million of debts.Ahmed Zayat’s Chapter 7 bankruptcy case, filed in New Jersey, lists around $1.9 million of assets and $19.4 million of liabilities, most of which are business obligations, court records show. Zayat’s stables are listed as insolvent in the papers filed Tuesday.Zayat’s attorney Jay Lubetkin didn’t immediately respond to messages seeking comment. A Chapter 7 bankruptcy allows a borrower to liquidate certain assets to compensate creditors without filing a repayment plan.The filing lists between 100 and 199 …read more […]

Why should Bryan have all the fun?
Given the popularity of our video series, it’s about time that I jumped on the bandwagon.
And today I’ll give you one of the most important trading lessons ever…
I’ll tell you the one thing you should never do when placing a trade.
It’s so simple – and can save you so much money – yet I see traders making this mistake time and time again.
Never do this when trading. Check it out below…

For real-time guidance, trade recommendations, market insights and more… join me in The War Room now!
P.S. Join me and Bryan at Cliff House in …read more […]

Just eight days after AstraZeneca (AZN) announced the expansion of clinical trials of its AZD1222 vaccine against coronavirus into randomized, double-blind, placebo-controlled Phase 3 in the U.S., disaster struck. Medical journal Stat reported (and this report was later confirmed by AstraZeneca itself) “a suspected serious adverse reaction in a participant in the United Kingdom” Phase III trial conducted by AstraZeneca and the University of Oxford.AstraZeneca gave no further details on the adverse reaction in question. Indeed, in reporting on the news, J.P. Morgan analyst Cory Kasimov characterized AstraZeneca’s brief comments on Stat’s article as containing “zero details” on precisely what …read more […]

Tesla Inc (NASDAQ: TSLA) rebounded by 11% on Wednesday after logging its worst day in history on Tuesday. Tesla shares are now down 27% in September, and option market activity on Wednesday suggests some deep-pocketed traders are taking notice.The Tesla Trades: On Wednesday morning, Benzinga Pro subscribers received 13 alerts related to unusually large Tesla option trades. Here are the largest: * At 9:30 a.m. ET, a trader sold 308 Tesla call options with a $300 strike price expiring on Friday. The contracts were sold near the bid price at $57.717 and represented a $1.77 million bearish bet. …read more […]

If you think plastic pollution is a problem only on roadsides and beaches, consider the old adage “What goes around, comes around.”
A recent study found that sea salt around the world has been tainted by plastic. These particles have been identified in sea salt in China, France, Spain, the U.K. and the U.S.
Other studies have found high plastic levels in shellfish, beer and water – both bottled and from taps.
That’s a big concern. It means microplastics are now in the human food chain.
The average American could be swallowing more than 660 pieces of microplastic annually from sea salt. And the …read more […]

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