Oil futures ended a four-day string of gains Thursday, with the U.S. benchmark failing to sustain a bounce after data showed a rise in domestic crude-oil inventories.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in February ....More>>>
Shares of Biogen (BIIB) were halted earlier today after the Wall Street Journal reported that Merck (MRK) and Allergan (AGN) are interested in buying the biotech giant. The Journal’s Dana Mattioli, Jonathan Rockoff, and Dana Cimilluca report:
Bloomberg News/Scott Eisen
Biotechnology giant Biogen Inc. has drawn takeover interest from drug companies including Merck &....More>>>
Nike (NKE) was up more than 3% in after-hours trading yesterday after releasing its earnings after the close. Now it’s up just 0.4%. What gives? Morgan Stanley’s Jay Sole and team explain how Nike was “caught offside”:
First, Nike N. Am. futures growth decelerated 500 bps q/q. The implication is Nike is either losing share or the athletic....More>>>
Clinical stage biopharmaceutical company Biohaven Pharmaceuticals (Pending:BHVN) has filed to raise $125 million in an IPO by selling 8.33 million common shares at a midpoint price of $15.00 per share.
Biohaven has a large pipeline of treatments under development for neurological conditions.
The company is in or nearing Phase 3 trials for its lead candidates,....More>>>
Everything has gone up. The "Trump Bump" has turned into a frenzy… Nothing is cheap anymore… right? My friend, you are not looking hard enough… Something cheap (and hated) is always out there! Sometimes you just have to look past the headlines to find it… For example, did you know there is an asset out there – that trades in the....More>>>
The rally in equities had stolen much of the speculative demand from gold, and any pullback promised to send investors running back into gold. This is happening at this very moment, explains Brien Lundin, editor of Gold Newsletter.
Coincidental to all of this, we’ll soon see the end of two events — the Chinese New_Year and the currency illiquidity crisis in India — that....More>>>
Investors ignore the Fed dot plot at their peril.
While it doesn’t get as much attention as the decisions of the Federal Open Market Committee (FOMC) meetings or the comments by Fed Chair Janet Yellen, the Federal Reserve’s dot plot is an important guide to where the central bank wants to go with interest rates in the future.
And that means it’s closely watched....More>>>