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Stocks Drop With U.S. Stimulus Plan Still Pending: Markets Wrap

March 11, 2020 admin Comments Off on Stocks Drop With U.S. Stimulus Plan Still Pending: Markets Wrap

(Bloomberg) — U.S equity futures retreated and Asian equities opened lower as investors awaited details from the Trump administration on planned stimulus to counter the coronavirus impact. S&P 500 futures fell about 1.5%, following a strong rally on Wall Street. President Donald Trump didn’t appear at a White House briefing on the outbreak after promising a day earlier that he would hold a news conference to announce a “major” economic aid package. The yen clawed back some of a steep overnight retreat, while Japanese and Australian shares opened lower. The S&P 500 Index earlier closed up almost 5% to end …read more […]

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How Close Are Biotechs To Bringing A COVID-19 Treatment To Market?

March 10, 2020 admin Comments Off on How Close Are Biotechs To Bringing A COVID-19 Treatment To Market?

The COVID-19 virus has sent the market and the global economy into a tailspin. The Organisation for Economic Co-operation and Development slashed its global growth forecast for 2020 Monday by 0.5 points to 2.5% versus already-weak 2.9% growth in 2019.Global banks have begun talking up the economy with the promise of stimulus injection.As the world and China in particular battle the deadly pandemic, a small batch of biotechs and a handful of big pharma companies are racing against time to bring to the market potential treatment and/or vaccines to combat the virus.Rocky R&D Pathway For Coronavirus Products Investors scurrying for …read more […]

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The Other Side of the Oil Trade

March 10, 2020 admin Comments Off on The Other Side of the Oil Trade

Today most people are focused on the oil crash, but there are other moving parts they should pay attention to…
To start, many smaller exploration and production companies are surviving on thin air and a bunch of loans. With oil prices so low, most of these companies can’t meet their debt service, and that means problems for more than just the companies with the loans.
The banks that made those loans could be in trouble as well!
Unfortunately, banks love bad investments.
Just look back to the mortgage crisis of 2008 or the savings and loan crisis in the late ‘80s. If you think …read more […]

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PG&E Strikes Deal With FEMA Over $3.9 Billion in Fire Claims

March 10, 2020 admin Comments Off on PG&E Strikes Deal With FEMA Over $3.9 Billion in Fire Claims

(Bloomberg) — PG&E Corp. reached a deal with the U.S. Federal Emergency Management Agency over $3.9 billion in relief Washington provided after the utility’s power lines sparked devastating wildfires.The settlement, which requires court approval, calls for FEMA to reduce its claim to $1 billion and allow victims of wildfires blamed on PG&E equipment to be paid in full first, lawyers for the two sides said outside a bankruptcy hearing Tuesday in San Francisco.The California Governor’s Office of Emergency Services has agreed to withdraw its claims. Details of the agreement will be filed with the court in the coming days, lawyers …read more […]