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Pfizer weighs working with BioNTech on potential coronavirus vaccine – R&D head

Pfizer Chief Scientific Officer Mikael Dolsten was one of the pharmaceutical executives who attended a meeting with U.S. President Donald Trump to discuss possible vaccines and treatments for the fast-spreading virus on Monday. Dolsten said that Pfizer, which already collaborates with BioNTech on the development of mRNA-based vaccines for influenza, is also interested in the company’s efforts in coronavirus. …read more […]

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Nokia says Alcatel compliance review ongoing, risks limited

Nokia is continuing its own investigation, and cooperating with the authorities, over compliance issues at its Alcatel-Lucent business, the Finnish firm said in its annual report to the U.S. Securities and Exchange Commission. The telecoms network equipment maker flagged the investigation a year ago in its 2018 annual report, news which hit its shares in March 2019. Nokia did not unveil details, but said the risks were limited. …read more […]

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China first-quarter economic hit from coronavirus looking more severe: Reuters poll

It has also doused expectations for a global economic rebound and triggered an unscheduled U.S. interest rate cut this week, the biggest since the global financial crisis. The March 3-5 poll of more than 40 economists, based both in and outside mainland China, forecast growth to fall to a median of 3.5% this quarter from 6.0% in the fourth quarter of 2019, a full percentage point lower than predicted in a Feb. 14 poll. Under a worst-case scenario, the median forecast for Q1 was 2.4%, compared with 3.5% in the previous poll – essentially meaning the worst-case view …read more […]

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Oil Steadies as Market Waits for Clarity on OPEC Production Cut

(Bloomberg) — Oil clawed back some lost ground in Asian trading as investors sought clarity on whether Russia would agree to OPEC’s proposal for a large production cut to combat the impact of the coronavirus.Futures in New York were up 0.4%, after dropping 1.9% Thursday. OPEC ministers extended their initial proposal for a 1.5 million-barrel-a-day supply reduction to year-end, according to delegates, but the reduction is still contingent on Russia’s support, which is so far not evident. OPEC Secretary-General Mohammad Barkindo’s offered reassurance of the group’s commitment to stabilizing oil markets, but sentiment remains fragile.The U.S. crude benchmark is still …read more […]

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Hedge Funds Have Never Been This Bullish On Micron Technology, Inc. (MU)

Coronavirus is probably the 1 concern in investors’ minds right now. It should be. We estimate that COVID-19 will kill around 5 million people worldwide and there is a 3.3% probability that Donald Trump will die from the new coronavirus (read the details.). In these volatile markets we scrutinize hedge fund filings to get a […] …read more […]

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Hedge Funds Have Never Been This Bullish On NIKE, Inc. (NKE)

Coronavirus is probably the 1 concern in investors’ minds right now. It should be. We estimate that COVID-19 will kill around 5 million people worldwide and there is a 3.3% probability that Donald Trump will die from the new coronavirus (read the details.). In these volatile markets we scrutinize hedge fund filings to get a […] …read more […]

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Hedge Funds Have Never Been This Bullish On United Technologies Corporation (UTX)

Is United Technologies Corporation (NYSE:UTX) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after […] …read more […]

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Here is What Hedge Funds Think About The Boeing Company (BA)

Is The Boeing Company (NYSE:BA) a good bet right now? We like to analyze hedge fund sentiment before conducting days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy League graduates, expert network advisers, and supply chain tipsters working or consulting for them. There is not a shortage […] …read more […]

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Hedge Funds Have Never Been This Bullish On Johnson & Johnson (JNJ)

Coronavirus is probably the 1 concern in investors’ minds right now. It should be. We estimate that COVID-19 will kill around 5 million people worldwide and there is a 3.3% probability that Donald Trump will die from the new coronavirus (read the details.). In these volatile markets we scrutinize hedge fund filings to get a […] …read more […]

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Trump Is Warned on Security Risk in Infineon’s Cypress Deal

(Bloomberg) — U.S. national security officials are recommending that President Donald Trump block Infineon Technologies AG’s proposed acquisition of Cypress Semiconductor Corp., according to people familiar with the matter.The officials are concerned that Infineon’s $8.7 billion deal for the American chipmaker poses a risk to national security, said three people familiar with the matter. Infineon, a German semiconductor maker with substantial Chinese revenue, has tried to negotiate an agreement with the government that would let the takeover proceed, but hasn’t been able to reach a deal, one of the people said. All of the people asked not to be named …read more […]

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Inovio Pharmaceuticals’ vaccine for coronavirus could be ready by year’s end

Since news of the coronavirus outbreak emerged, in contrast to the sell-off in the broader market, companies associated with the COVID-19 space have seen valuations significantly increase.This week, the baton was handed over to Inovio Pharmaceuticals (INO). Shares of the infectious disease warrior have shot up nearly 130% this week, following the announcement of development timelines for its COVID-19 vaccine (INO-4800) using its DNA vaccine platform.Inovio’s COVID-19 vaccine, INO-4800, was developed in just 3 hours once the COVID-19 sequence was deposited in data banks for public access. This, according to Maxim’s Jason McCarthy, is testament to the company’s ability to …read more […]

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Coronavirus Triggers Equity Sell-Off and Gold Spike

Editor’s Note: Today’s Wealthy Retirement comes from our good friend Rich Checkan, president of Asset Strategies International and an expert in gold investing.
As you know, Wealthy Retirement is published by The Oxford Club. Asset Strategies International is one of The Oxford Club’s trusted Pillar One Advisors, vetted experts who we defer to when we have specific questions or concerns.
Rich and his team at Asset Strategies International are our go-to experts on gold and precious metals. Given the recent market correction, we asked Rich if now was the time to invest in gold.
So, today and tomorrow, Rich will offer his take …read more […]