Gilead agrees to acquire Immunomedics for $21 billion

Gilead agrees to acquire Immunomedics for $21 billion

Immunomedics soars 106% after Gilead agrees to acquire the cancer-drug company for $21 billion. Gilead’s proposed $21 billion acquisition of Immunomedics sent shares of the cancer-drug company soaring as much as 106% on Monday. Immunomedics developed Trodelvy, an antibody-drug conjugate used to treat triple-negative breast...
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Renta – supermodern digital incarnation of loyalty bonus

Renta – supermodern digital incarnation of loyalty bonus

Renta (symbol: RENTA) is new project on high performance TRON network with blockchain time 3 seconds and 748 TPS (transactions per second) which is modern incarnation of old and well known loyalty and referral bonus in paper form or primitive...
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GS Now Sees A 123% Plunge In Q2 S&P Earnings, $850 Billion Drop In Corporate Spending

GS Now Sees A 123% Plunge In Q2 S&P Earnings, $850 Billion Drop In Corporate Spending

With 9% of S&P 500 firms having already reported Q1 earnings including all of the major banks, results have generally disappointed relative to already tepid expectations. 43% of companies have missed consensus expectations, on pace for the highest rate sin...
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Some political action is expected on the US oil market

Some political action is expected on the US oil market

Insider circles report that president Trump’s administration is considering many different ideas to save the US oil industry. One option is an import embargo. Another interesting option is fee on imported oil, which is the cheapest way to save the sect...
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Dems $2.5 Trillion Counterproposal Includes Delays For Mortgage, Auto, And Credit Card Payments

Dems $2.5 Trillion Counterproposal Includes Delays For Mortgage, Auto, And Credit Card Payments

The $2.5 Trillion economic stimulus plan unveiled by House Speaker Nancy Pelosi (and which is ‘on the 5 yard line’ according to Senate Majority Leader Mitch McConnell) will have significant implications for the financial sector – forcing l...
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Alstom is buying Bombardier rail unit for up to $6.7 billion

Alstom is buying Bombardier rail unit for up to $6.7 billion

France’s Alstom SA has agreed to buy the rail division of Canada’s Bombardier Inc for up to 6.2 billion euros ($6.7 billion) to create the world’s No. 2 train manufacturer and better take on Chinese leader CRRC Corp. The cash...
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Russia: Trump’s Plan Contravenes UN Resolutions

Russia: Trump’s Plan Contravenes UN Resolutions

A Middle East peace plan presented by US President Donald Trump contravenes several United Nations resolutions, Russian news agencies cited a Kremlin spokesman Dmitry Peskov as saying on Sunday, questioning the plan’s feasibility. “WE SEE THE REACTIONS...
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What would real house prices look like in a world without bubbles?

What would real house prices look like in a world without bubbles?

The Great Recession was not caused by a the bursting of a housing bubble, because there was no bubble.  It was caused by tight money supply. Unaffordable housing is the macroeconomic story of our time. It is interesting that housing...
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Secretary of The Treasury Steven Mnuchin Why $1.5 Trillion Cash Have Disappeared

Secretary of The Treasury Steven Mnuchin Why $1.5 Trillion Cash Have Disappeared

Maybe as some kind of Christmas gifts $1.5 Trillion In $100 Bills Have Disappeared from circulation. Last week we reported that something strange was going on at the same time that central banks are injecting $100 billion each month in electronic money to.....
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African countries walk away from Paris-backed Franc

African countries walk away from Paris-backed Franc

Macron blasts colonialism: Grave mistake & fault of France. Emmanuel Macron delved into his country’s imperial past, saying France’s territorial conquests were a mistake that should be fixed – including by welcoming African countries reforming the c...
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The FED Is Monetizing Debt Again

The FED Is Monetizing Debt Again

It was back in 2012 that famed contrarian and value investing hedge fund icon, David Einhorn, first took aim at the pinnacle of market manipulation when he slammed the Fed for creating the ultimate toxic cocktail: something he called the...
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Scientists develop new kind of photon beam which may be secret weapon against cancer

Scientists develop new kind of photon beam which may be secret weapon against cancer

Scientists have made a major breakthrough using non-toxic silicon nanocrystals to create higher-energy light which could create the next generation of high-tech cancer treatments. Researchers from the University of California, Riverside and the University of T...
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Bridgewater Bets $1.5 Billion That Market Will Crash By March

Bridgewater Bets $1.5 Billion That Market Will Crash By March

At the beginning of 2018, Ray Dalio said during one of his annual speeches at Davos that investors would feel “pretty stupid” if they were holding cash. Over the following 11 months, one of the biggest market blowups since the...
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McKinsey: Nearly 60% of the world’s banks wouldn’t survive an economic downturn

McKinsey: Nearly 60% of the world’s banks wouldn’t survive an economic downturn

Nearly 60% of the world’s banks aren’t strong enough to survive a downturn, McKinsey & Company said in its latest global banking review. It also suggested several ways for them to become more resilient. Nearly 60% of the world’s banks ar...
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Vietnam & Mexico biggest winners from US-China trade war

Vietnam & Mexico biggest winners from US-China trade war

US imports from its largest supplier China have slumped by 12.5 percent due to the ongoing trade war. Meanwhile, Vietnam and Mexico have been filling this gap with massive import increases. According to the latest report by the US-based Census...
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