Trading Ideas

Under the deal, Catalent will provide manufacturing services for an initial 100 million doses starting in the third quarter at its facility in Bloomington, Indiana. It will also provide other packaging and labeling, storage and distribution services at its facilities in Philadelphia, Pennsylvania to support Moderna’s late-stage vaccine trial, which is expected to begin in July. Drugmakers including Johnson & Johnson and AstraZeneca Plc have also signed agreements to boost manufacturing capacity for their experimental vaccines even before having adequate evidence of their efficacy. …read more […]

The European Medicines Agency (EMA) said on Thursday its human medicines committee (CHMP) recommended the drug’s use in adults and adolescents from 12 years of age with pneumonia who require oxygen support. In the United States, it could be priced up to $5,080 per course, while Indian generic drugmakers will sell the treatment between 5,000 rupees to 6,000 rupees ($66.13-$79.35). The EMA endorsement, which comes just weeks after a speedy review, means physicians can prescribe the Gilead drug, to be branded Veklury, in Europe once approved by the European Commission, which usually follows CHMP recommendations. …read more […]

The oil industry’s inroads to cutting supply are “dwarfed by the by the cuts that we’ve seen in demand,” even as states re-open their economies amid the coronavirus pandemic, says one oil expert. …read more […]

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The once high-flying payments firm Wirecard files for insolvency after a €1.9bn accounting scandal. …read more […]

From deploying experts amid global travel restrictions to managing extreme storage conditions, and even inventing new kinds of vials and syringes for billions of doses, the path is strewn with formidable hurdles, according to Reuters interviews with more than a dozen vaccine developers and their backers. Any hitch in an untested supply chain – which could stretch from Pune in India to England’s Oxford and Baltimore in the United States – could torpedo or delay the complex process. Col. Nelson Michael, director of the U.S. Army’s Center for Infectious Disease Research who is working on the government’s “Warp …read more […]

Hashtag Investing is an exclusive social media network offering a community and tools for DIY investors. In this review of Hashtag Investing, we’ll take you inside the platform and let you know the pros and cons.

What Is Hashtag Investing?
Hashtag investing is a social media tool specifically designed for Do-It-Yourself (DIY) investors. Like other social media tools, it helps to connect people all over the country and even internationally. But what differentiates this one is that its sole focus is on investing.
The point is to connect DIY investors and stock traders with other people who are interested in investing. The community …read more […]

We’ve been missing the sea a lot these days.
In our younger years, we spent hundreds of days rising up and down on the swells far beyond the sight of land.
It’s a beautiful thing, way out there.
Perhaps we love it because the ocean doesn’t show the wear of time.
It’s like no other place on earth.
The waves and the water today look the same as they did a century ago… two centuries ago… and far longer.
For ages, man has cut his wake through the sea.
In that instant, the water splashes and boils behind him. Behind his craft, the stir is a hellish …read more […]

(Bloomberg) — Wirecard AG’s main banks are facing potential losses on about 1.6 billion euros ($1.8 billion) of loans to the scandal-hit fintech after it started insolvency proceedings.A group of about 15 banks led by ABN Amro Bank NV, Commerzbank AG and ING Groep NV had been negotiating next steps with the firm on a 1.75 billion-euro facility that was about 90% drawn, people with knowledge of the matter said earlier this week. Talks on next steps with lenders came to an abrupt halt with the insolvency filing that surprised some of the banks, people with knowledge of the matter …read more […]

Top news and what to watch in the markets on Thursday, June 25, 2020. …read more […]

* Founded in 1999, Munich-based Wirecard has 5,800 employees in 26 countries around the world. * Wirecard’s expansion was driven by its long-serving chief executive and leading shareholder Markus Braun, an Austrian who led the company since 2002 until he resigned last Friday. * In Feb. 2019, Singapore police said they were looking into reports by the Financial Times of alleged financial irregularities at Wirecard’s local office, allegations that had driven its shares sharply lower. …read more […]

(Bloomberg) — Wirecard AG filed for insolvency proceedings on Thursday after a massive accounting scandal brought the payments company to its knees.Wirecard management cited over-indebtedness as the reason behind the decision to seek for court protection in Munich, according to a statement. The company also said is considering whether the insolvency proceedings should also be applied to its subsidiaries.The company’s rapid fall from grace comes after it admitted that 1.9 billion euros ($2.1 billion) went missing from its balance sheet, and is a major setback for Germany’s burgeoning tech scene and a debacle for investors. In less than a week, …read more […]

Wirecard said on Thursday it was filing for insolvency after disclosing a $2.1 billion financial hole in its accounts, becoming the first sitting member of Germany’s blue-chip share index to go out of business. Shares were suspended by the Frankfurt Stock Exchange before the news. Wirecard said in a two-paragraph statement that its new management had decided to apply for insolvency at a Munich court “due to impending insolvency and over-indebtedness”. …read more […]

(Bloomberg) — Deutsche Lufthansa AG’s biggest stockholder said he’d vote in favor of a 9 billion-euro ($10 billion) government bailout, giving the rescue plan a shot of momentum and boosting the airline’s shares and bonds on the eve of a crunch vote.Billionaire Heinz Hermann Thiele told Frankfurter Allgemeine Zeitung that he’d support the package at Thursday’s special shareholder meeting, ending days of frenzied speculation about his intentions. He had earlier criticized a steep discount being granted to the German government on a 20% stake, and held the votes to single-handedly stop the share sale.“I will vote in favor of the …read more […]

(Bloomberg) — Germany’s financial watchdog took more than a year to report Wirecard AG for suspected market manipulation after receiving a tip-off from a whistle-blower about irregularities at the payments company.BaFin received documents on Wirecard from an anonymous source in late January 2019 and evaluated them along with a Financial Times report on alleged accounting issues at the company, Germany’s Finance Ministry said in a written response to questions from lawmakers.The ministry’s reply, which is dated April 9, didn’t specify what the documents contained and on what day BaFin received them.The German regulator has come under intense criticism for its …read more […]