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Drug Stocks Slide as Never-Ending Political Worry Gathers Steam

(Bloomberg) — Once-untreatable cancers and rare diseases are being vanquished. Medical breakthroughs have put Ebola and HIV on the back foot, even as new viruses emerge. Drug stocks have touched record highs after a decade of gains.But at the industry’s biggest annual gathering, a San Francisco investor meeting that draws in thousands from biotechnology, pharmaceutical and insurance companies, plus investors, bankers and consultants, there was a sense of uncertainty, even worry.“The model is broken in the U.S.,” Sanofi Chief Executive Officer Paul Hudson said in an interview.Despite record scientific and market returns, the health-care industry’s future in the U.S. has …read more […]

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The Fed Is Not Invincible

The basic idea behind “Don’t fight the Fed” is that you should buy stocks when the Federal Reserve is “easing” (keeping monetary conditions loose).
And this has been fantastic advice for the last decade. We’ve been in one of the longest sustained periods of easy money in history. The stock market has gone almost straight up.
Now some people are starting to say this situation can last… forever. For example, Bob Prince, one of the top executives at Bridgewater (the biggest hedge fund in the world), was recently interviewed at the World Economic Forum in Davos, Switzerland. When discussing how the Federal …read more […]

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3 Catalysts That Could Drive Aphria (APHA) Stock Higher in 2020

The most recent earnings report from Aphria (APHA) was underwhelming, as it continues to experience heavy losses. While its earnings were up, they still failed to meet already mild expectations.It’s no secret cannabis companies based in Canada are going to continue to experience weak growth over the next couple of quarters. Even so, in the case of Aphria, if it is able to successfully execute in several segments, it could surprise to the upside throughout calendar 2020.Recreational potA potentially major catalyst for Aphria will be if it can continue to increase market share in Ontario, which is by far the …read more […]

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Boeing Mulls Another Cut to 787 Output in New Threat to Cash

(Bloomberg) — Boeing Co. is considering another cut to production of its marquee 787 Dreamliner as the aerospace giant contends with sluggish demand, people familiar with the matter said.Executives are studying whether to trim monthly output by two planes to 10 a month from a reduced pace that was announced in October, the people said. While no final decision has been made, a new production schedule for the twin-aisle jet could be announced as early as next week when the company reports earnings.Boeing is grappling with slowing sales for wide-body aircraft in a market glutted with used models. The manufacturer …read more […]

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US STOCKS-Wall St slides on coronavirus fears, Intel offers support

Intel Corp stood out with an 8.4% gain after the chipmaker forecast better-than-expected 2020 earnings, joining many of its peers to signal a recovery in chip demand. After a record open for the Nasdaq, Wall Street’s main indexes lost ground as U.S. health officials confirmed a second U.S. case of the coronavirus in a Chicago woman and said as many as 63 potential cases were being investigated. …read more […]

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Strategist: Prepare for the great unwind

Stocks continue to climb as 2019’s market rally extends into 2020. PineBridge Investments’ Head of Multi Asset Investments, Michael Kelly joins On the Move to discuss how investors seeing less of a risk in the U.S. economy could lead to “The Great Unwind.” …read more […]

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How the National Media Makes Americans Poorer

The national media promotes a narrative that our capitalist system is “rigged,” making it impossible for normal Americans to achieve wealth.
Today, Alexander Green explains why this is untrue, and how you can wake up, take responsibility and get on your way to wealth.

In a recent column, I pointed out that most Americans fail to achieve financial independence, thanks in part to the “master narrative” peddled by the mainstream media.
That narrative is entirely skewed, grossly out of context, highly partisan and relentlessly negative.
Polls show, for instance, that the majority of Americans believe that poverty is rising, violence is increasing, global inequality …read more […]