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Bayer Discusses Settling Roundup Claims for $10 Billion

(Bloomberg) — In an effort to settle tens of thousands of claims that Bayer AG’s Roundup weedkiller causes cancer, lawyers for some plaintiffs are discussing with the company deals that could lead to a total payout of about $10 billion, according to people with direct knowledge of the negotiations.In some discussions, Bayer’s lawyers have said the chemical maker will set aside $8 billion to resolve current cases and reserve $2 billion for future claims, the five people said. Roundup has been blamed for ailments including non-Hodgkin’s lymphoma, which can take years to be diagnosed. Bayer declined to comment on the …read more […]

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Intel’s Bullish Sales Forecasts Powered by Data Center Revival

(Bloomberg) — Intel Corp. gave bullish quarterly and full-year revenue forecasts, suggesting personal-computer demand remains strong and purchasing by data center owners has come surging back. The shares jumped as much as 7.2% in late trading.Revenue in the current period will be roughly $19 billion, and profit will be about $1.23 a share, excluding certain items, Intel also said. That compares with average analysts’ estimates of $17.2 billion and $1.04 a share.Sales in 2020 will be about $73.5 billion, the company said late Thursday in a statement. Analysts were looking for $72.2 billion on average, according to data compiled by …read more […]

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3 “Strong Buy” Energy Stocks to Catch on Oil Demand Growth

Oil may be a necessity in today’s economy, but that doesn’t mean oil prices always go up. In recent years, supply has outpaced demand, putting downward pressure on prices. The fracking revolution in the US oil industry, which opened up previously non-viable or unavailable reserves in shale formations, has turned the US into the world’s largest oil producer and, for now, a net exporter of crude oil products.The effect on prices has been long-term macro-level volatility. Prices troughed four years ago, in January 2016, climbed steadily to peak in September 2018, and have been unable to regain highs since, in …read more […]

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Gilead assessing Ebola drug as possible coronavirus treatment

Gilead Sciences Inc said on Thursday it was assessing whether its experimental Ebola treatment could be used to treat coronavirus infection. “Gilead is in active discussions with researchers and clinicians in the United States and China regarding the ongoing Wuhan coronavirus outbreak and the potential use of remdesivir as an investigational treatment,” a company spokesman said in an emailed statement. …read more […]

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7 Ways to Invest for Income

Income investors have choices. Investing for income is an appealing concept for investors of all kinds. Regardless of your age, strategy or portfolio value, income investing is an important area that should be at least a small part of how you allocate your money. …read more […]

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Prospects of Federal Legalization in 2020

Pot stock investors want to leave 2019 in the rearview mirror.
We suffered through the worst bear market in the industry’s nascent history. And that was painful for investors.
But we can’t forget all the major milestones achieved.
We saw the first piece of proposed legislation to end prohibition in the U.S. clear the House of Representatives. Two months later, a sweeping criminal justice reform bill cleared a House committee.
In the U.S., we now have 11 states that have legalized adult-use, as well as 33 states that have greenlit medical use. And it appears that a change at the federal level is eventually …read more […]

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Goldman Sachs: These 3 Stocks Are Poised to Surge by at Least 15%

The stock analysts at Goldman Sachs have been busy. The bank – one of the world’s largest and most influential investment and financial services organizations, with alumni in government positions throughout the major Western nations – maintains a cadre of Wall Street experts, who keep close tabs on the constant shiftings of the stock markets. The result is a wealth of expert opinion, backed by data, on the current go-to investments.All of this is bread and butter for TipRanks, a platform that makes financial recommendations accountable, and expensive institutional datasets available, to all investors. We’ve pulled up three of Goldman’s …read more […]

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How Much Do I Need to Retire?

Planning for retirement begins with one question: “How much do I need to retire?” This is a question that haunts many people as they creep closer to 65. However, it doesn’t have to.
By preparing earlier in life, you can put yourself in a position to retire comfortably with the lifestyle you desire. While many Americans miss the mark in retirement savings, you can get a step ahead by following the guidelines below.

How Much Do I Need to Retire Comfortably?
Fidelity suggests that you aim to save 15% of your pre-tax income each year for retirement. This includes any contributions from your …read more […]