Trading Ideas

A newly-approved three-drug treatment for tuberculosis will be available in 150 countries including India and South Africa, priced at $1,040 for a complete regimen, more than twice the cost proposed in the past by advocacy groups for other treatments. The World Health Organization-backed Stop TB Partnership said on Monday that BPaL would be obtainable in eligible countries through the Global Drug Facility (GDF), a global provider of TB medicines created in 2001 to negotiate lower prices for treatments. Tuberculosis was responsible for 1.5 million deaths in 2018. …read more […]

The big shareholder groups in Bloom Energy Corporation (NYSE:BE) have power over the company. Institutions often own… …read more […]

U.S. buyout firm Blackstone Group said on Monday it had extended the deadline for its offer to buy hotel operator Unizo Holdings to Nov. 6 from Monday. Blackstone said the extension was “to provide additional time” for Unizo to respond to the offer. The firm had told Unizo it would launch a tender offer or explore other options if the Japanese hotel chain did not agree to its conditions by Monday. …read more […]

Today we’ll look at AK Steel Holding Corporation (NYSE:AKS) and reflect on its potential as an investment. In… …read more […]

LA JOLLA, Calif.-(BUSINESS WIRE)-Silvergate Capital Corporation (“Silvergate” or the “Company”) announced the launch of its initial public offering of 3,744,307 shares of Class A common stock. Silvergate is offering 770,000 shares of its Class A common stock and selling shareholders are offering 2,974,307 shares of Class A common stock. The initial public offering price is […] …read more […]

The Swedish company’s shares, which have risen about 6% since the beginning of this year, were up 4.4% at $126 before the bell. The company’s premium subscribers rose 31% to 113 million from a year earlier. Analysts were expecting the company to have 112.9 million paid subscribers, according to IBES data from Refinitiv. …read more […]

Rumors of layoffs started spreading among workers at a factory here in northeastern Argentina making Nike Inc shoes the night before Cristian Fredy Aquino’s scheduled shift. When his key card for the turnstile failed, Aquino realized the rumors were true. The Nike factory in Misiones province, one of Argentina’s poorest, is proving to be the tip of the iceberg. …read more […]

Fierce winds fanning Californian wildfires are expected to abate on Monday, giving firefighters a chance to corral blazes that have scorched swaths of the picturesque wine country in the north and neighborhoods near Los Angeles in the south. “Most of the high wind and red flag warnings in the north expire about 11 a.m. today,” said Marc Chenard, a forecaster with the NWS’s Weather Prediction Center. The northern California wine country has borne the brunt of the fires, with 84 square miles (21,756 hectares) burned and 190,000 people evacuated in the so-called Kincade fire. …read more […]

European shares retreated on Monday as a glum profit outlook from the region’s largest lender HSBC offset gains in trade-sensitive sectors buoyed by positive developments on the U.S.-China trade front. The pan-European STOXX 600 index fell 0.2% at 0935 GMT with the banking index leading the losses. Asia-focused lender HSBC slipped 4% to the bottom of the benchmark index after it dropped its 2020 profit target, and said it would undertake a costly restructuring as the bank struggled amidst a slowing global environment. …read more […]

(Bloomberg) — Microsoft Corp. shares surged after the company scored a major victory in securing a milestone, $10 billion Pentagon contract for cloud computing services. But the contract — unthinkable for Microsoft even a year ago — will likely come at a cost, legal and internal.Amazon.com Inc., the market leader in cloud services, is considering a challenge to the award of the contract to Microsoft’s much smaller Azure business, citing President Donald Trump’s interference in the bidding process, according to a person familiar with the matter. Amazon had been widely considered the front-runner because of its superior size and previous …read more […]

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.The chief executive officer of fashion giant Hennes & Mauritz AB says a growing movement that shames consumers represents a very real social threat.Karl-Johan Persson, the 44-year-old H&M CEO and son of its billionaire chairman, is speaking out as a pattern of shaming that initially targeted air travelers spreads into more industries, including his. The movement has gained traction as Greta Thunberg, the Swedish teen activist, inspires millions of people across the globe to take to the streets and voice their anger …read more […]

(Bloomberg) — German Chancellor Angela Merkel’s government is about to unveil plans for a cloud service to allow European companies to avoid storing data with U.S. or Asian rivals such as Amazon.com Inc. or Alibaba Group Holding Ltd.Economy Minister Peter Altmaier will reveal the service — named Gaia-X after a Greek goddess symbolizing Earth — at a tech conference Tuesday in Dortmund, Germany. He has worked on the project with officials from companies including SAP SE, Deutsche Telekom AG and Deutsche Bank AG, according to a strategy paper by the Economy Ministry obtained by Bloomberg News.”Data are the resource of …read more […]

(Bloomberg Opinion) — Bernard Arnault knows you don’t get trophy assets at bargain prices. His luxury goods company LVMH Moet Hennessy Louis Vuitton SE will probably have to pay top dollar to win over shareholders in Tiffany & Co. after making a $14.5 billion proposal to buy the U.S. jeweler.If a deal happens, LVMH investors will need to put faith in Arnault’s record of running his businesses well, and the idea that it’s worth preventing Tiffany falling into rival hands.LVMH’s initial proposal, worth about $120 per Tiffany share according to Bloomberg News, should be easy for the American company to …read more […]

Russia’s energy ministry said on Monday that OPEC and its oil-exporting allies would factor in the slowdown of U.S. oil output growth when they meet to discuss their output agreement in December, the TASS news agency reported. It is too premature, however, to talk about deeper production cuts, TASS cited Russian Deputy Energy Minister Pavel Sorokin as saying. The Organization of the Petroleum Exporting Countries, Russia and other producers – a group known as OPEC+ – have since January implemented a deal to cut oil output by 1.2 million barrels per day to support the market. …read more […]

(Bloomberg) — A sell-off in China’s government bonds is getting worse by the day.The plunge in the sovereign notes accelerated on Monday, pushing the benchmark 10-year yield up by the most since April. Selling momentum surged to the strongest since late 2017, according to the 14-day relative strength index on the rate.Risk appetite has returned as traders become increasingly optimistic that China and the U.S. will sign a partial trade deal next month. Meanwhile, bets for aggressive monetary easing have waned as the Asian nation’s inflation grew at a faster-than-expected pace in September.The People’s Bank of China skipped open-market operations …read more […]