The latest analyst coverage could presage a bad day for Protagonist Therapeutics, Inc. (NASDAQ:PTGX), with the… …read more […]
Guido Rasi, the Executive Director of the European Medicines Agency (EMA), has suggested that Gilead’s (GILD) Covid-19 treatment remdesivir could be conditionally approved in Europe as soon as this week.“It might be that a conditional market authorization can be issued in the coming days,” Rasi revealed to an EU Parliament hearing in Brussels on May 18.Conditional marketing authorizations are valid for one year and can be renewed annually. They are granted by the EMA for medicines where the benefit of immediate availability outweighs the risk of less comprehensive data than normally required.Indeed, remdesivir has already received the green light from …read more […]
Two weeks ago, we got up early to see several friends had sent messages to our phone overnight.
One sent a picture.
Another sent a link to an article.
They had read about “murder hornets” and were concerned. They know we’ve got hives and wanted to ensure we weren’t the next victim of these homicidal bees.
We laughed and told them to stop watching so much TV. Their brains are getting gooey.
The next day, we saw another grand headline…
“Coronavirus found in men’s semen. Can it spread through sex?”
Golly. We wonder.
Last we checked, the sensuous stuff requires breaking all current social distancing guidelines… and …read more […]
Top news and what to watch in the markets on Monday, May 18, 2020. …read more […]
Spot gold was up 1% at $1,758.55 an ounce by 0931 GMT and U.S. gold futures rose 0.8% to $1,770.70. “The market continues to speculate about negative interest rates in the U.S. and extremely low interest rates and cheap money all over the world,” said Commerzbank analyst Eugen Weinberg. “Also, fears of economic crisis are unfolding given the very weak data in the United States and elsewhere.” …read more […]
(Bloomberg) — Huawei Technologies Co. warned the latest U.S. curbs on its business will inflict a “terrible price” on the global technology industry, inflaming tensions between Washington and Beijing while harming American interests.China’s largest technology company said it will be “significantly affected” by a Commerce Department decree barring any chipmaker using American equipment from supplying Huawei without U.S. government approval. That means companies like Taiwan Semiconductor Manufacturing Co. and its rivals will have to cut off the Chinese company unless they get waivers — effectively severing Huawei’s access to cutting-edge silicon it needs for smartphones and networking gear.Washington’s decision drew …read more […]
(Bloomberg) — Hong Kong’s Hang Seng Index will include dual class shares and secondary listings, allowing Chinese giants such as Alibaba Group Holding Ltd. into the city’s benchmark to provide a potential boost for passive investors who have for years struggled with lackluster returns.Hang Seng Indexes Co., announced the long-awaited change on Monday in Hong Kong, a step that will help move the benchmark away from a heavy dominance of financial shares. Dual class and secondary listings will each be subject to a 5% weighting cap, surprising some investors who had been hoping for a 10% weighting for Alibaba, for …read more […]
The Hang Seng Index made rule changes on Monday to allow it to incorporate Chinese internet giants Alibaba, Xiaomi and Meituan Dianping, a move set to shake up the composition of the 50-year-old index. “There is a perception that local indices like Hang Seng aren’t necessarily reflective of the opportunity set available out there,” said Michael Lai, China equities portfolio manager at Franklin Templeton. Companies from Greater China with a secondary listing in Hong Kong and those with two classes of shares carrying different voting rights will be included in the index, starting from August, with a weighting …read more […]
Uber Technologies Inc.’s (UBER) latest stock offer for rival food delivery company GrubHub Inc. (GRUB) is said to have been rejected as merger talks continued over the weekend.The Wall Street Journal reported that talks between Grubhub Chief Executive Officer Matt Maloney and Uber CEO Dara Khosrowshahi on Sunday indicated that Uber’s latest offer of 1.9 of its shares for each GrubHub share is too low. Khosrowshahi said he might see room to bump up the offer to 1.925 Uber shares. However, that is still well below the price GrubHub had been seeking, the report said.Discussions are still ongoing with an …read more […]
May.18 — Ryanair Holdings Plc Chief Executive Officer Michael O’Leary says that support by German and French governments for their airline industries is “illegal” and will “distort the market.” He made the comments after Europe’s biggest low-cost carrier boosted its liquidity with a 600 million-pound ($726 million) loan backed by the U.K. government. He speaks on “Bloomberg Markets: European Open.” …read more […]
But the airline says it will weather the coronavirus crisis and emerge stronger afterwards. …read more […]
May.18 — April’s rally in stock markets “was a classic case of a bear market rally,” according to Rebecca Chesworth, senior equities strategist at State Street Global Advisors. She speaks on “Bloomberg Markets: European Open.” …read more […]
(Bloomberg) — When English vineyards started producing sparkling wine that aficionados lauded as a rival to Champagne, Jack McIntyre took note.“England was suddenly growing grapes that typically grew in warmer climes,” said McIntyre, a three-decade investment veteran at Philadelphia-based Brandywine Global Investment Management. “No doubt temperatures are rising — how you properly price climate change in rates markets though, I have no answer for yet.”He’s not alone.Across continents, bond investors are struggling to answer what Deutsche Bank AG strategists dubbed “the question of our age” — how much societies are willing to sacrifice in economic growth to counter climate change, …read more […]
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