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Correvio's heart drug fails to win FDA panel backing

Independent experts to the U.S. Food and Drug Administration on Tuesday voted against Correvio Pharma Corp’s drug to correct irregular rhythm in the upper chambers of the heart in adult patients. Brinavess, currently available in 41 countries including the European Union and Canada, aims to restore normal heart rhythm in patients experiencing erratic rhythm due to a condition known as atrial fibrillation, or AFib. …read more […]

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Kura Oncology, Inc. (KURA): Hedge Funds Can’t Make Up Their Minds

We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds’ top 3 stock picks returned 41.7% this year and beat […] …read more […]

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Peloton Falls as Citron Takes Aim at ‘Unrealistic Valuation’

(Bloomberg) — Peloton shares tumbled on Tuesday, dropping as much as 8.3% after Citron Research wrote that increasing competition and a high valuation could result in a massive sell-off in 2020.The firm sees “clear flaws in the Peloton business model” and wrote that the stock could fall to $5 next year. Based on the Monday close of $34.77, that target represents downside of more than 85%. At current levels, Peloton is up nearly 12% since its September initial public offering.Peloton’s current valuation is “unrealistic” and “disconnected from all reality,” the firm wrote in a report, adding that the fitness company …read more […]

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A Tale of 3 Cannabis Stocks – 2 to Avoid, and 1 to Buy

Public opinion on cannabis is changing quickly, growing ever more lenient. In a short span, less than a lifetime, we’ve seen a series of decriminalization and partial legalization regimes take hold in the US. While the drug remains fully illegal at the Federal level, it is fully legal in 11 states and legalized for medical use in another 15. The result of this patchwork is that Canada, which enacted full legalization nationwide in October 2018, has become the center of North America’s cannabis industry.Most of the large cannabis companies – the growers and suppliers – are based in Canada. US-based …read more […]

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Are Hedge Funds Behind J.C. Penney Company (JCP)’s Fourth Quarter Gains?

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing more than 750 13F filings submitted by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of September […] …read more […]

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What is the FCC’s “5G FAST” Plan?

5G, the coming fifth-generation wireless network, promises huge disruptions around the world. Some people even believe it could launch the next industrial revolution.
Many countries have had their foot on the 5G infrastructure buildout accelerator pedal for years already. The U.S. has only recently stepped up its 5G network buildout.
I’m not surprised. For decades, the U.S. has lagged behind other countries in building out next-generation mobile networks.
That could all change with the deployment of 5G.
America’s Catch-Up Plan
President Trump has repeatedly said the U.S. must win the race to 5G. Several U.S. mobile operators already have a few limited 5G deployments.
But in …read more […]

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The Cautionary Tale of Argentina

In today’s political discourse, there’s a major focus on wealth and poverty. Are socialist policies the answer to economic inequality?
Nicholas Vardy examines Argentina’s success (and failure) to find out.

“Those who don’t learn from history are condemned to repeat it.”
– George Santayana, Philosopher
The secret to economic prosperity is no secret at all.
Start with the rule of law, respect for property rights and low taxes. Support them with a stable, commercially minded government… And you have a fail-safe recipe for prosperity.
As recently as the 1960s, the “Asian Tigers” – Singapore, South Korea, Taiwan and Hong Kong – were dirt-poor.
In 1960, Singapore had …read more […]

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U.S., China trade negotiators plan to delay December tariffs: RPT

U.S. and China trade negotiators are reportedly planning to delay tariffs that are set to go into effect on December 15th, but it turns out the market may have already priced it in. Paul Schatz, Heritage Capital President, joins Yahoo Finance’s Adam Shapiro, Julie Hyman and Rick Newman to discuss. …read more […]