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EU Stops the Clock on Review of Boeing Deal With Embraer

(Bloomberg) — European regulators halted their in-depth antitrust probe into Boeing Co.’s plan to invest in Embraer SA, saying they hadn’t received sufficient information from the planemakers.The European Commission has been investigating the venture, warning that the deal could remove Embraer as the third-largest global competitor to both Boeing and Airbus SE, which “may therefore result in higher prices and less choice.” The commission, one of the world’s toughest merger regulators, said Monday that it “stopped the clock” and a review can only be restarted once it gets the answers it needs.The heightened scrutiny puts new pressure on Boeing’s plan …read more […]

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UPDATE 1-FDA rejects Lipocine's testosterone drug for third time

The U.S. Food and Drug Administration on Monday declined to approve Lipocine Inc’s oral drug to treat a condition that results in lower production of male sex hormone for the third time, sending the drug developer’s shares down 34%. The company said a letter from the regulator indicated the application could not be approved in its present form as Lipocine’s trial did not meet three secondary goals that were designed to assess if higher levels of testosterone in patients could raise safety concerns. The decision marks the third regulatory setback in over three years for Lipocine’s Tlando, which …read more […]

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3 Market-Beating Stocks for Your 2020 Radar

With stocks reaching all-time highs as we round out the calendar year, all eyes are on the market. But which names are worthy of all this investor attention? Wall Street analysts recommend focusing on the long-term outlook in order to zero in on high-growth tickers. We mean the stocks best positioned to dish out huge returns in the years to come. That being said, the economic uncertainty going into 2020 has made it increasingly difficult to pinpoint the names capable of leading the way. However, this is not to say that investment opportunities with stand-out growth prospects can’t be found.We …read more […]

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Adidas to close German, U.S. robot factories

Adidas plans to close high-tech “robot” factories in Germany and the United States it launched to bring production closer to customers, saying on Monday deploying some of the technology in Asia would be “more economic and flexible”. The Adidas factories were part of a drive to meet demand for faster delivery of new styles to its major markets and to counter rising wages in Asia and higher shipping costs. It originally planned a global network of similar factories. …read more […]