News you might have missed Gilead Sciences has said it will charge governments $2,340 for a course of remdesivir, a drug that has been shown to shorten recovery times in Covid-19 patients. The US biotech company said government healthcare programmes in developed markets would be charged a flat fee of $390 per vial for the
Month: June 2020
Royal Dutch Shell will slash up to $22bn from the value of its assets as the oil major warned coronavirus will deal a lasting blow to demand for energy products and the global economy. The Anglo-Dutch group cut its oil and gas price outlook on Tuesday as it vowed to “adapt to ensure the business
Pending home sales staged a historic rebound in May. Los Angeles Times via Getty Images Pending home sales across the nation made a major comeback in May, seeing encouraging record-breaking contract activity after two previous months of declines brought on by the increasing impact of the coronavirus pandemic. The National Association of Realtors reported that
Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance Wilshire Phoenix has filed to launch a publicly-traded trust called Bitcoin Commodity Trust (BCT) – putting the firm in direct competition with Grayscale Investments’ $3.4 billion bitcoin trust (GBTC). According to the June 12 filing with the U.S. Securities and … read more.
Getty Yes, the GROW Act — the best new retirement innovation you’ve never heard of (regular readers of this site excluded). For quite some time, I’ve been insisting that Congress must come to a compromise with respect to a rescue and reform of multi-employer union pensions, with a combination of federal fund infusion plus changes
September E-mini Dow Jones Industrial Average futures are trading higher at the start of the week, led by a more than 500 point jump in the cash market. The blue chip average was supported by a sharp rise in shares of Boeing and Apple. Traders for the most part ignored the latest surge in coronavirus
Disney’s (DIS) plans for a gradual return to normality have been thrown into disarray, as the coronavirus has made it clear it has not left the building yet. The recent spike in cases caused the company to delay the opening of Disneyland in California, which was originally slated for July 17. Walt Disney World in
Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania. Mark Makela | Reuters Check out the companies making headlines after the bell. Micron Technology — The technology company’s stock jumped as much as 6% in extended trading
by: Mike Adams (Natural News) America is now in the midst of a civil war, but only one side is fighting… the anti-America side. The enemies of America are not merely tearing down statues, beating white people on the streets, torching local businesses, seizing city property and assaulting police, they are intent on overthrowing the United
Blockchain-powered event betting company Augur says that users of its REP cryptocurrency need to migrate their tokens once a new version of the platform is available starting July 28. According to an announcement posted to the platform’s website on June 29, Augur v2 will launch on the Ethereum (ETH) mainnet at the end of next
Federal Reserve Chair Jerome Powell stressed the importance of keeping the coronavirus contagion contained as the U.S. economy bounces back from its deepest contraction in decades. ”We have entered an important new phase and have done so sooner than expected,” Powell said in remarks prepared for testimony before the House Financial Services Committee on Tuesday
Mezzanine loans are often the riskiest piece of the real estate capital stack. These lenders will suffer the first loss if the value of the collateral goes down. If the loan defaults, they also have the fastest enforcement tool in the foreclosure tool shed: the ability to hold a Uniform Commercial Code foreclosure sale, a
Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance Wilshire Phoenix has filed to launch a publicly-traded trust called Bitcoin Commodity Trust (BCT) – putting the firm in direct competition with Grayscale Investments’ $3.4 billion bitcoin trust (GBTC). According to the June 12 filing with the U.S. Securities and … read more.
Marriage makes financial sense. If you have a significant other who believes that getting married is more of a financial liability than a benefit, that mindset is more common than you’d think. Many people, largely confused by the long-held belief that married couples pay more in taxes than those who are single—the marriage penalty—have held
(L-R) Michael Corbat, chief executive officer of Citigroup Inc., Jamie Dimon, chief executive officer of JPMorgan Chase & Co., James Gorman, chief executive officer of Morgan Stanley, Brian Moynihan, chief executive officer of Bank of America Corp., Ron O’Hanley, president and chief executive officer of State Street Corp., Charles Scharf, chief executive officer of Bank
The US will bar the export of American weapons and sensitive technology to Hong Kong, as it revokes the territory’s special trade status in response to China’s imposition of national security legislation on the Asian financial hub. Mike Pompeo, US secretary of state, said the Trump administration could “no longer distinguish between the export of
Patrick Jenkins suggests that policymakers have not focused on how to restrain excessive leverage (“Corporate rescues should come with strings attached”, Opinion, June 25). Many of us, including the cosignatories of this letter, have, and we advocate “de-risking solutions”. We put the main blame for the move into excessive debt/leverage on the incentives/self-interest of equity
Two established mutual fund managers are entering the competitive ETF market. Their foray into a market largely synonymous with index investing is a sign of how exchange-traded funds are shifting. Following new SEC regulation, T. Rowe Price and Dimensional Fund Advisors, asset managers with more than $1 trillion of assets in their U.S. open-ended mutual
By Bob Blancato, Next Avenue Contributor and Elder Advocate Getty As the national coordinator of the national and grassroots advocacy group, the Elder Justice Coalition, I believe the need to address elder justice has become even more urgent recently. Congress appears to think so, too. Elder justice is the holistic approach of preventing and handling
Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) The gold and silver bull market is in its early stages, and it is already looking to be one of the most volatile
At its core, the LEAD Act is an encryption killer. It aims to require technology companies to build ‘back doors’ into their products… by Simon Black of Sovereign Man In early 1775, Benjamin Franklin and his European colleague, Charles Dumas, developed a secret method of communicating with each other. Dumas had spent years gathering intelligence
Gilead Sciences Inc. (GILD) on Monday priced its experimental coronavirus drug candidate remdesivir at $2,340 per patient for a 5-day treatment in the U.S. and other developed countries. The price for governments of developed countries is $390 per vial based on the assumption that patients are expected to receive a 5-day treatment course using 6
A view of the Wall Street street sign with the New York Stock Exchange during the coronavirus pandemic on May 25, 2020 in New York City. Noam Galai | Getty Images Check out the companies making headlines midday Monday: Southwest — Goldman upgraded shares of Southwest to buy from sell and raised its 12-month price
by Kimble Charting Is the New York Stock Exchange Index (NYSE) sending one of the largest bearish messages in years? Possible! This chart looks at the NYSE index on a monthly basis over the past 13-years. The index spent the majority of the past 11-years inside of rising channel (1). The weakness in March took it below the
We recently reported that the Balancer DeFit protocol suffered a $500,000 attack. Less than 24 hours later, a second attack claimed about $2,300 worth of Compound tokens (COMP). Hao, an engineer at DeBank, tweeted that an attacker was able to fool the Balancer system into thinking he was owed a significant portion of the COMP
Dallas-Fort Worth International expects a bond market boost as it lowers costs to cope with the worst economic downturn in its 46-year history. A pair of tax-exempt refunding deals adding up to $875 million is expected to lower the airport’s interest expenses. A 2018 view of Dallas-Fort Worth International Airport. The airport has $875 million
Startups are offering alternatives to traditional security deposits, which can free up thousands of … [+] dollars for renters. Getty In May, New York Governor Andrew Cuomo extended the eviction ban through Aug. 20 and gave tenants the option to cover rent with their security deposits. The order requires renters to pay back the security
Pending sale realtor sign Daniel Acker | Bloomberg | Getty Images Pending home sales spiked a stunning 44.3% in May compared with April, according to the National Association of Realtors. That is the largest one-month jump in the history of the survey, which dates back to 2001. It beat expectations of a 15% gain. Sales
Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance Wilshire Phoenix has filed to launch a publicly-traded trust called Bitcoin Commodity Trust (BCT) – putting the firm in direct competition with Grayscale Investments’ $3.4 billion bitcoin trust (GBTC). According to the June 12 filing with the U.S. Securities and … read more.
When it comes to trafficking in real estate, are foreclosures a good investment? They can be, but Investing in the foreclosure market is a strategy that requires a level of sophistication and diligence far beyond what most people realize. It has big potential, but it takes a great effort to cash in. Key Takeaways Investing
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