Trading Ideas

No Picture
Trading Ideas

NextEra Tried for Record U.S. Utility Deal With Bid For Duke

September 30, 2020 admin Comments Off on NextEra Tried for Record U.S. Utility Deal With Bid For Duke

(Bloomberg) — NextEra Energy Inc., the world’s largest utility owner by market value, recently made an unsuccessful bid to take over power giant Duke Energy Corp. in what could have been largest utility deal in American history, according to people familiar with the matter.NextEra, based in Juno Beach, Florida, is still interested in pursuing a deal and is working with banks to help arrange financing for a potential transaction, said the people, who asked not to be identified because the details aren’t public.A merger of America’s two largest utility owners would create a powerhouse dictating where more than 13 million …read more […]

No Picture
Trading Ideas

Goldman Sachs Predicts Over 40% Rally for These 3 Stocks

September 30, 2020 admin Comments Off on Goldman Sachs Predicts Over 40% Rally for These 3 Stocks

A new wave of optimism is splashing onto the Street. Investment firm Goldman Sachs just gave its three-month stock forecast a boost, lifting it from Neutral to Overweight, with it also projecting “high single-digital returns” for global stocks over the next year.What’s behind this updated approach? Goldman Sachs strategist Christian Mueller-Glissmann cites the impressive rebound in global earnings growth and reduced equity costs as the drivers of the estimate revision. On top of this, a “broader procyclical shift” in stocks and other assets could take place during the remainder of this year.“We have shifted more cyclical on sectors and themes …read more […]

No Picture
Trading Ideas

U.S. court voids $448 million award against AbbVie, AndroGel partner

September 30, 2020 admin Comments Off on U.S. court voids $448 million award against AbbVie, AndroGel partner

Ruling in a case brought by the Federal Trade Commission, the 3rd U.S. Circuit Court of Appeals in Philadelphia said the lower court judge who ordered the disgorgement by AbbVie and Besins Healthcare Inc lacked authority under applicable federal law. The appeals court also upheld an order finding AbbVie and Besins liable for monopolization, based upon its holding that they had filed a sham patent infringement lawsuit against Perrigo Co to delay the launch of generic AndroGel. …read more […]