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Jan 25, 2020
The tax benefits of buying a home differ by income and residency.
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Jan 25, 2020
Dividend paying stocks like Bristol-Myers Squibb Company (NYSE:BMY) tend to be popular with investors, and for good...
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Jan 25, 2020
Q1 2020 Skyworks Solutions Inc Earnings Call
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Jan 24, 2020
U.S. President Donald Trump on Friday signed a proclamation increasing tariffs on derivative steel products by an additional 25 percent and boosting duties on derivative aluminum products by an additional 10 percent. Trump said Argentina, Australia, Brazil, Canada, Mexico and South Korea are exempt from the additional tariffs on derivative steel products, and Argentina, Australia, Canada and Mexico are exempt from the added duties on derivative aluminum articles. Trump has imposed tariffs on imported steel and aluminum to help boost U.S. production, which he says is a national security issue.
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Jan 24, 2020
(Bloomberg) -- PG&E Corp. could be ordered by a federal judge to restrict bonuses and incentives for supervisors and other high-ranking employees until the company meets obligations under its wildfire-prevention plan.As PG&E struggles to prove it can operate safely after a series of devastating wildfires blamed on its equipment. U.S. District Judge William Alsup threatened in a filing Friday to tie incentive pay "exclusively" to meeting goals for fire mitigation and other safety issues. He directed the company to explain in writing by Feb. 12 why he shouldn't issue such an order.The bankrupt utility disclosed this month that it had fallen short of some of the commitments it made to inspect and repair lines, clear vegetation and cut tree branches. In response, Alsup has said he may require PG&E to hire and train more crews to inspect and cut trees to come into compliance with state requirements.Alsup is overseeing PG&E's criminal probation after the utility was convicted in 2016 of violating gas-pipeline safety standards and obstructing a federal investigation. Alsup imposed new probation conditions to make sure the utility complies with both California law and its own wildfire prevention efforts after investigators found that its lines ignited wildfires in 2017 and 2018.PG&E said it would respond to Alsup's order by the deadline. A hearing is scheduled for Feb. 19."PG&E shares the court's commitment to safety and recognizes that we must take a leading role in keeping our customers
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Jan 24, 2020
The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett's Berkshire Hathaway Inc to take a $377 million charge last year, pleaded guilty on Friday to involvement in an estimated $912 million Ponzi scheme. Jeff Carpoff, 49, pleaded guilty to money laundering and conspiracy to commit wire fraud, while Paulette Carpoff, 46, pleaded guilty to money laundering and conspiracy to commit an offense against the United States.
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Jan 24, 2020
The 2020 World Economic Forum has officially wrapped up, but before it did Yahoo Finance's Editor In Chief Andy Serwer sat down with the United States Secretary of Transportation, Elaine Chao. The two spoke about the importance of the annual event and supporting innovation.
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Jan 24, 2020
Apple, Amazon, Facebook, and Microsoft are all reporting earnings next week. The Final Round panel discusses what investors should expect from these upcoming reports.
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Jan 24, 2020
Yahoo Finance's Myles Udland highlights the upcoming week of earnings including reports from Starbucks, Facebook, Apple, and a number of other companies.
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Jan 24, 2020
FICO has announced updates to its credit scoring algorithm, which could change where your credit score sits. CreditCards.com analyst Ted Rossman joins The Final Round to discuss.
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Jan 24, 2020
CHICAGO/LONDON, Jan 24 (Reuters) - When a newly organised vaccine research group at the U.S. National Institutes of Health (NIH) met for the first time this week, its members had expected to be able to ease into their work. In just three months time, they likely will be testing the first of a number of potential experimental vaccines against the new SARS-like coronavirus that is spreading in China and beyond. "I told them, 'you are going to have your baptism of fire, folks'," Anthony Fauci, director of the U.S. National Institute of Allergy and Infectious Diseases within NIH, said of his inaugural address to the group this week.
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Jan 24, 2020
AJ Smith, Smartasset's Vice President of Content and Financial Education, joined Yahoo Finance to reiterate why it's important to continue investing during retirement and ways to do so.
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Jan 24, 2020
Canopy Growth (CGC) had an astonishing revelation prior to this past holiday weekend for the stock market. The new CEO was expected to reorganize the business, but a delay to the cannabis beverages business was an unexpected jolt to the Canadian cannabis company. One has to wonder what other issues will be disclosed as CEO David Klein completes his second week on the job.Beverage DebacleCanopy Growth shocked the market last week by admitting their cannabis-infused beverages were not ready to scale for the market. The news is surprising considering the company is already a month into the legalization of Cannabis 2.0 products such as edibles and beverages.New CEO David Klein suggests the time period since Canopy Growth obtained Health Canada license in late November 2019 wasn't enough time to work out the kinks with THC in a brand new beverage facility. The company suggests updates will be provided on the release of the FQ3 results on February 14, or roughly two months after the market already thought their cannabis beverages were hitting the market.Canopy Growth provided a Cannabis 2.0 update back on December 6 with no indication of these impending problems with ramping up a new facility. At the time, the large cannabis player promoted several drinks hitting store shelves in early January followed by other varieties of the Tweed, Houseplant, Quatreau and Deep Space brands. Previously, Canopy Growth had outlined in detail a vast selection of cannabis-infused drinks expected to be ready for the 2.0 launch in De
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Jan 24, 2020
(Bloomberg) -- Discover Financial Services slumped the most in more than a decade after warning it will spend more on marketing and technology, including to beef up collections on troubled debt.Full-year operating expenses could rise to as high as $4.9 billion from $4.4 billion in 2019, Discover executives said late Thursday on a conference call. Marketing non-card products such as a new digital checking account will contribute to higher costs, as will investments in analytics.Shares of Discover tumbled 11% to $76.29 at 4 p.m. in New York, the most since April 2009.The company has been using some of its new analytics capabilities to identify customers who might be close to falling behind on their payments, Chief Financial Officer John Greene said. Discover has long had a program for "troubled debt restructurings," or TDRs, that allows customers experiencing financial hardship to modify their repayment terms.In the past, those customers had to call Discover to qualify, but the lender has now made it part of its online and mobile-banking capabilities. That's led to an increase in usage: The amount of receivables it classifies as TDRs rose to $3.4 billion as of Dec. 31, a 48% increase from a year earlier.Analysts on Discover's earnings conference call pressed executives to explain their view on the credit quality of the portfolio."We have seen growth in TDRs because we now make them available not just when you call but as part of our expansion of digital collections," Chief Executive Officer Roger Hochschild said. Still, he said, "we feel good about credit. Look at charge-offs. Look at delinquencies."For the year, net charge-offs rose 10% to $2.88 billion, in line with analysts
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Jan 24, 2020
Changes are coming to FICO scores -- and that could help keep riskier borrowers out of the housing market, said Doug Duncan, chief economist at Fannie Mae.
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Jan 24, 2020
Headlines moving the stock market in real time.
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Jan 24, 2020
The coronavirus that has killed dozens and rattled markets has no immediate cure — and a vaccine could be years in the making, a medical executive told Yahoo Finance.
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Jan 24, 2020
(Bloomberg) -- The spread of a deadly respiratory virus rattled global markets, sending U.S. stocks lower and fueling demand for havens in government bonds and gold. Oil fell for a fourth day on concern the outbreak will dent economic growth.The S&P 500 Index posted its biggest drop since October amid reports that U.S. officials had confirmed two more cases of the illness, which originated in China and has also spread to several countries in Asia and to Europe. Benchmark Treasury yields fell to a three-month low, while the dollar advanced for a second day.Investors are exercising caution with stocks close to all-time highs, cognizant of the chance the respiratory virus migrates across the world and develops into a more devastating pandemic like the SARS illness that emerged 17 years ago. Officials in China boosted travel restrictions to cover 40 million people to contain the virus's spread."Investors can't help but be unnerved by constant headlines of new cases all over the world," said Alec Young, managing director of global markets research at FTSE Russell. "To make matters worse, the market will be closed when we get the next update on the virus' spread over the weekend. As such, this is quickly turning into a sell first, ask questions later environment."In company news, United Airlines Holdings Inc. and American Airlines Group Inc. each slid more than 3% on concern the virus will limit demand for air travel and tourism. Financial shares also sank, with Citigroup Inc. down almost 2% as UBS warned th
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Jan 24, 2020
Starbucks joins a growing list of companies - including McDonald's and Disney - that are suspending operations in China, as health authorities rush to contain an outbreak of coronavirus that is gripping the nation.
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Jan 24, 2020
A phase one U.S.-China trade deal, improving global growth signals and fading Brexit uncertainties have lulled many investors into believing the biggest economic risks have been taken fully off the table, according to Deloitte U.S. CEO Joe Ucuzoglu.
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Jan 24, 2020
CFRA analyst Garrett Nelson said Friday in a Fox Business interview that Tesla Inc's (NASDAQ: TSLA ) stock benefited from a "meteoric run-up" and investors should be selling the stock. What Happened ...
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Jan 24, 2020
Kramer Capital Research CIO Hilary Kramer joins The Final Round to discuss her top stock picks, and why Boeing and General Electric are buys in this market.
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Jan 24, 2020
Federal Aviation Administrator Steve Dickson called senior U.S. airline officials on Friday and told them the agency could approve the grounded Boeing 737 MAX's return to service before mid-year - a faster time frame than the planemaker suggested this week, people briefed on the calls said. Dickson's calls came as the FAA issued a statement on Friday voicing progress on the 737 MAX, in a shifting tone that helped push the planemaker's shares higher even as concerns grew that it may cut production of another aircraft, the 787 Dreamliner. "While the FAA continues to follow a thorough, deliberate process, the agency is pleased with Boeing's progress in recent weeks towards achieving key milestones," the agency said in a statement.
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Jan 24, 2020
Picking low-fee funds. Vanguard funds are a popular choice among investors who favor an indexing strategy. With index investing, the objective is to match the performance of a stock market benchmark, such ...
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Jan 24, 2020
Federal Aviation Administrator Steve Dickson is calling senior U.S. airline officials Friday to tell them that the agency could approve the grounded Boeing 737 MAX's return to service before mid-year, a government official said Friday. FAA approval before mid-year could only happen if Boeing continues to make complete and thorough submissions, the official said, and emphasized that unforeseen issues could always potentially delay approval.
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Jan 24, 2020
(Bloomberg) -- The spread of a deadly respiratory virus rattled global markets, sending U.S. stocks lower and fueling demand for havens in government bonds and gold. Oil fell for a fourth day on concern the outbreak will dent economic growth.The S&P 500 Index headed for its biggest drop since October amid reports that U.S. officials had confirmed two more cases of the illness, which originated in China and has also spread to several countries in Asia and to Europe. Benchmark Treasury yields fell to a three-month low, while the dollar advanced for a second day.Investors are exercising caution with stocks close to all-time highs, cognizant of the chance the respiratory virus migrates across the world and develops into a more devastating pandemic like the SARS illness that emerged 17 years ago. Officials in China boosted travel restrictions to cover 40 million people to contain the virus's spread."People are worried that this problem is worse than China is telling us. Since the market will be closed the next two days, people are taking some chips off the table in front of the weekend because they won't be able to react to any new news immediately," said Matt Maley, an equity strategist at Miller Tabak & Co. "People are a little more willing to sell into a down market today because they still have some very, very nice profits."In company news, United Airlines Holdings Inc. and American Airlines Group Inc. each slid more than 5% on concern the virus will limit demand for air travel and tourism. Fi
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Jan 24, 2020
Today we will run through one way of estimating the intrinsic value of Fortinet, Inc. (NASDAQ:FTNT) by projecting its...
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Jan 24, 2020
Raymond James health care policy analyst Chris Meekins joins Yahoo Finance's Seana Smith on The Ticker to explain why he thinks there are likely more cases of the virus in China than what officials have previously reported.
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Jan 24, 2020
The CDC confirmed a second case of the deadly Coronavirus in the U.S.. Raymond James' Healthcare Policy Analyst Chris Meekins joins Yahoo Finance's Seana Smith on The Tickr to why he believes there are more cass of the virus in China then have been reported.
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Jan 24, 2020
For telecom companies, this year is all about 5G, the next generation of mobile broadband that promises exponentially faster upload and download speeds. Analysts and investors will be keeping an eye on earnings from the two big players in this space—AT&T (NYSE: T) and Verizon Communications (NYSE: VZ)—to get an understanding of how 5G technology could play out in the future. T acquired Time Warner to own content.
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Jan 24, 2020
Consumer groups had worried that the Trump administration's pick to lead the Office of the Comptroller of the Currency (OCC), Joseph Otting, would do little to change its reputation for leniency. A former chief executive of California's OneWest Bank, Otting as comptroller has referred to lenders as his "customers" and pursued rule changes pushed for by bank lobbyists. One person with knowledge of the matter said Wells Fargo's failure to swiftly fix systemic misconduct has angered Otting, precisely because he spent decades as a banker and felt he was held to high standards.
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Jan 24, 2020
(Bloomberg) -- Once-untreatable cancers and rare diseases are being vanquished. Medical breakthroughs have put Ebola and HIV on the back foot, even as new viruses emerge. Drug stocks have touched record highs after a decade of gains.But at the industry's biggest annual gathering, a San Francisco investor meeting that draws in thousands from biotechnology, pharmaceutical and insurance companies, plus investors, bankers and consultants, there was a sense of uncertainty, even worry."The model is broken in the U.S.," Sanofi Chief Executive Officer Paul Hudson said in an interview.Despite record scientific and market returns, the health-care industry's future in the U.S. has never seemed less clear. Candidates for the Democratic presidential nomination have proposed nationalizing the health-insurance system. The president has called for drug-price controls. And after years of struggle, there's been no winner among the warring factions of drugmakers, health insurers, pharmacy-benefit managers and patients.For one attendee at the conference, hosted in a cramped hotel in the Union Square neighborhood, it felt like waiting for a metaphorical earthquake."I think that these constant price increases create a situation where there's all this built-up tension, all this built-up energy," Denny Lanfear, the CEO of Coherus Biosciences Inc., said about his company's goal to drive down drug prices with lower-cost competitors to expensive biotech drugs. "It's kind of like the seismic tension along the San Andreas fault: A
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Jan 24, 2020
In response to the rapid spread of the coronavirus, China is expanding its travel lockdown to roughly 40 million people. Brigham and Women's Hospital's Chief of the Division of Infectious Diseases Dr. Daniel Kuritzkes joins Yahoo FInance's Zack Guzman, Emily McCormick and The Corporate Agent CEO and Founder Angelique Rewers on YFi PM to discuss how the corona virus will impact the Americans.
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Jan 24, 2020
President Donald Trump has been cheering his new trade deal with China, calling it "momentous step" toward "a future of fair and reciprocal trade." But global investors increasingly see China itself as the future.
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Jan 24, 2020
The most recent earnings report from Aphria (APHA) was underwhelming, as it continues to experience heavy losses. While its earnings were up, they still failed to meet already mild expectations.It's no secret cannabis companies based in Canada are going to continue to experience weak growth over the next couple of quarters. Even so, in the case of Aphria, if it is able to successfully execute in several segments, it could surprise to the upside throughout calendar 2020.Recreational potA potentially major catalyst for Aphria will be if it can continue to increase market share in Ontario, which is by far the largest market in Canada. It has managed to boost its share of recreational pot from 6 percent in fiscal 2018, to an impressive 14 percent as of this writing.For most Canadian companies, the commitment by Ontario authorities to increase the number of retail cannabis stores on a monthly basis should provide a resultant increase in revenue. If it manages to follow through on its promises, and Aphria can at least maintain its share, and possibly increase it, it will be a nice catalyst for the company.It needs to be understood that it's going to take time because of the gradual opening of new stores in the province. There should be at least 20 stores a month opened, starting at latest in April 2020.Its Riff and Good Supply brands are two of the more recognized recreational brands in Canada, and should continue to do well as legal demand for pot increases.DerivativesDerivatives could play a big part in the pot
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Jan 24, 2020
Today we'll evaluate Teck Resources Limited (TSE:TECK.B) to determine whether it could have potential as an investment...
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Jan 24, 2020
A new partnership plans to bolster the U.S. supply of generic drugs, as part of a wide ranging effort to help drive down spiking costs and ease shortages.
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Jan 24, 2020
The federal government still hasn't identified who has been operating large numbers of drones that have mysteriously appeared over Colorado and Nebraska.
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Jan 24, 2020
The Department of Justice is looking into whether executives withheld details about fake accounts to the Wells Fargo board of directors and the Office of the Comptroller of the Currency, the lead regulator for national banks, Reuters has reported. Consent orders: Wells Fargo is currently operating under roughly 14 consent orders with various regulators including the OCC, SEC, and the Consumer Financial Protection Bureau.
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Jan 24, 2020
The economy is doing okay, but Trump is telling some voters they're way better off than they are.
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Jan 24, 2020
(Bloomberg) -- Oil headed for its worst weekly slump in more than a year amid fears that China's coronavirus will cripple fuel demand just as markets struggle with a fragile world economy and adequate supplies.Futures sank as much as 2.9% in London to approach $60 a barrel for the first time since November as deaths from the coronavirus rose to 25 and China expanded travel restrictions for over 40 million people in an attempt to halt contagion. The U.S. is monitoring more than 60 people for potential infection, and lawmakers said health authorities are expected to confirm a third case.The Asian virus has spooked traders even as the World Health Organization stopped short of declaring a global health emergency. The contagion is disrupting travel during the Lunar New Year holiday, when hundreds of millions normally fly or ride home. The selloff has accelerated as trend-following funds turned bearish, according to TD Securities."Contagion fears are spiking ahead of the biggest yearly migration ahead of new year," says Daniel Ghali, a commodities strategist at TD Securities. "The fear factor is the risk of contagion, synonymous to what happened in 2003 with SARS which led to a 2% drop in Chinese economic growth."The fast-spreading virus is the latest challenge for a market that's been buffeted this year by geopolitical turmoil in the Middle East and North Africa, as well as the phase-one trade deal between Beijing and Washington. Goldman Sachs Group Inc. said earlier this week that, if the coronavirus has an impact
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Jan 24, 2020
(Bloomberg) -- Boeing Co. is considering another cut to production of its marquee 787 Dreamliner as the aerospace giant contends with sluggish demand, people familiar with the matter said.Executives are studying whether to trim monthly output by two planes to 10 a month from a reduced pace that was announced in October, the people said. While no final decision has been made, a new production schedule for the twin-aisle jet could be announced as early as next week when the company reports earnings.Boeing is grappling with slowing sales for wide-body aircraft in a market glutted with used models. The manufacturer has struggled to persuade airlines to accelerate deliveries to fill empty production slots, said one of the people, who asked not to be identified because the discussions are private.Slowing output of the carbon-composite Dreamliner, with a list price that starts at about $250 million, would crimp a critical source of cash for Boeing as it attempts to recover from a global grounding of the 737 Max following two fatal crashes. The 787 accounted for about 40% of Boeing's jetliner deliveries in 2019 as the company was barred most of the year from shipping the best-selling Max."We maintain a disciplined rate-management process, taking into account a host of risks and opportunities," Boeing spokesman Chaz Bickers said when asked about a possible output cut for the Dreamliner. "We will continue to assess the demand environment and make adjustments as appropriate in the future."Boeing fell 0.9% to $314.84 at
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Jan 24, 2020
Baker Hughes reported a small rise in the oil rig count while reporting a decline in gas rigs for the week ending January 24th
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Jan 24, 2020
Wedbush's incremental bullish stance on Apple is based on "overwhelming positive data points" coming out of the company's supply chain, Ives wrote in a note. As such, Apple remains a "must-own stock" through an upcoming transformational 5G supercycle over the next 12 to 18 months. Apple could hit the $2 trillion valuation milestone by the end of 2021 from a combination of 5G demand and a Services business that continues to grow and command a higher valuation, the analyst said.
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Jan 24, 2020
Last week set a seven-year record for the amount of money flowing into bond funds, according to the Investment Company Institute, and catastrophic macro events are largely to thank. Coronavirus Scare In ...
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Jan 24, 2020
For a few weeks, I've advised readers that the current pullback is nothing more than a healthy mid-cycle consolidation. That once concluded, metals and miners would continue higher into March. The correction period is ending, and the next leg higher is about to begin. We see explosive potential in silver.
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Jan 24, 2020
Tickets for the Kansas City Chiefs and San Francisco 49ers game are expected to sell quickly as fans are set to buy record amounts. Tickpick CEO Brett Goldberg joins Yahoo Finance's Dan Roberts on On the Move to break down the numbers.
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Jan 24, 2020
(Bloomberg) -- Marc Benioff's latest book, about the need for a gentler capitalism, became a national bestseller. The company he co-founded, Salesforce.com Inc., helped boost sales by encouraging employees to buy and expense the book published last October.The software maker sent a memo to its 48,000-member workforce last fall offering reimbursement if they purchased Benioff's latest book, "Trailblazer," the company said. Salesforce said it considers the book to be "business material.""Our employees were invited to expense a copy and spread the word," a Salesforce spokeswoman said in a statement. "‘Trailblazer' was inspired by our employees, so of course we wanted to get it in their hands, as well as our customers', partners' and anyone else wanting to learn how business is the greatest platform for change.""Trailblazer: The Power of Business as the Greatest Platform for Change" is the fourth book co-written by Benioff. On its website, Salesforce touted it as an "instant" New York Times bestseller. It was No. 1 on the Wall Street Journal's bestseller list. The billionaire's books have served to bolster his reputation in the technology industry, especially, "Behind the Cloud," about building his business applications company.While the exact calculations behind the bestseller lists are shrouded in secrecy, the consensus in the publishing industry, according to the news website Vox, is it takes at least 5,000 books sold in a week to make the New York Times' list.Proceeds from "T
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Jan 24, 2020
Target on the list Continue reading...
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Jan 24, 2020
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
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Jan 24, 2020
Stocks continue to climb as 2019's market rally extends into 2020. PineBridge Investments' Head of Multi Asset Investments, Michael Kelly joins On the Move to discuss how investors seeing less of a risk in the U.S. economy could lead to "The Great Unwind."
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Jan 24, 2020
At least 15 brokerages raised their price targets on Intel's stock, with J.P.Morgan making the most aggressive move by boosting its target by $12 to $80, well above the median price target of $65. Revenue at Intel's data center business jumped 19% and sales to cloud computing providers surged 48% year-over-year in the fourth quarter. "We think Intel is benefiting from an improving macro economic climate versus company specific improvements at this time," RBC Capital Markets analyst Mitch Steves said, adding that he expects strong results from data center rivals AMD and Nvidia .
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Jan 24, 2020
The Euro initially tried to rally during the trading session on Friday, but then gave back some of the gains yet again. Ultimately, this is a market that looks as if it is going to go looking towards the major figure underneath.
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Jan 24, 2020
Gold markets initially fell during the week, but then turned around to break higher. Ultimately, this is a market that continues to grind sideways in this general vicinity, as it was the high that the market initially hit from the initial surge to the upside.
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Jan 24, 2020
Q4 2019 Fulton Financial Corp Earnings Call
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Jan 24, 2020
The market is pricing up smartphone sellers, but the real long-term 5G growth is in the Internet of Things Continue reading...
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Jan 24, 2020
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Federal Reserve policy makers will keep interest rates on hold this year and next, and will wind up their efforts to boost excess bank reserves by June, economists said in a Bloomberg survey.In the Jan. 21-23 poll, the mean forecast from 28 respondents predicted no move in the federal funds rate until at least 2022, the same as the mean forecast from a similar survey in December. The target range for the central bank's benchmark rate is currently at 1.5%-1.75%.Fed officials will meeting Jan. 28-29 in Washington. After the last session of the Federal Open Market Committee, Chairman Jerome Powell made clear he and his colleagues wouldn't move rates until there was a "material reassessment" of their outlook for the economy.Economists had a broad range of forecasts for when the Fed would stop buying Treasury bills, though June 2020 received the highest response at 43%. Respondents overwhelmingly expected officials will taper the monthly purchases rather than stop them suddenly. The Fed has been buying $60 billion in T-bills each month since October.A scarcity of bank reserves was blamed for an unexpected spike in overnight funding rates in September. This led the fed funds rate to stray briefly out of its target range. The new cash created by the Fed's T-bill purchases has since relieved that scarcity. The Fed, intent on insuring an ample supply of reserves, has said it will continue the purchases at
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Jan 24, 2020
A second Trump term would be positive for the economy says a new report.
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Jan 24, 2020
Investing in undervalued shares could give your portfolio a boost if they eventually see significant price appreciation. The concept of value investing, developed by Benjamin Graham and popularized by Warren Buffett, essentially means investing in shares that are undervalued by … Continue reading -The post How to Spot an Undervalued Stock appeared first on SmartAsset Blog.
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Jan 24, 2020
Credit Suisse is all-in on Square stock
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Jan 24, 2020
The death toll of the deadly virus emanating from China now climbed to 26 with nearly 850 confirmed cases. Authorities in China are racing to lock down more cities, meanwhile businesses like Disney and McDonald's are taking action too. Yahoo Finance's On The Move breaks down the details.
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Jan 24, 2020
Jan.24 -- Unable to pay her lawyers in an Arizona fraud lawsuit, former Theranos Inc. Chief Executive Officer Elizabeth Holmes is defending herself by phone. Bloomberg's Heather Smith has more on "Bloomberg Markets."
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Jan 24, 2020
Buffett's thoughts on holding cash at Berkshire Continue reading...
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Jan 24, 2020
The company would offer team associates, a role it recently created, a starting wage of $12 an hour, Walmart spokeswoman Jami Lamontagne said. The team associates would be cross-trained in several functions and will have more responsibility, Lamontagne said. The big-box retailer last raised its entry-level wages for U.S. hourly employees to $11 in early 2018 and trails rivals, including Costco Wholesale Corp, Amazon Inc and Target Corp on the minimum wage front.
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Jan 24, 2020
(Bloomberg) -- Discover Financial Services slumped the most in more than a decade after warning it will spend more on marketing and technology, including to beef up collections on troubled debt.Full-year operating expenses could rise to as high as $4.9 billion from $4.4 billion in 2019, Discover executives said late Thursday on a conference call. Marketing non-card products such as a new digital checking account will contribute to higher costs, as will investments in analytics.Shares of Discover tumbled 9.7% to $77.54 at 11:10 a.m. in New York, after dropping as much as 11%, the most since 2009. The company has been using some of its new analytics capabilities to identify customers who might be close to falling behind on their payments, Chief Financial Officer John Greene said. Discover has long had a program for "troubled debt restructurings," or TDRs, that allows customers experiencing financial hardship to modify their repayment terms.In the past, those customers had to call Discover to qualify, but the lender has now made it part of its online and mobile-banking capabilities. That's led to an increase in usage: The amount of receivables it classifies as TDRs rose to $3.4 billion as of Dec. 31, a 48% increase from a year earlier.Analysts on Discover's earnings conference call pressed executives to explain their view on the credit quality of the portfolio."We have seen growth in TDRs because we now make them available not just when you call but as part of our expansion of digital collections," Chief Executive Officer Roger Hochschild said. Still, he said, "we feel good about credit. Look at charge-offs. Look at delinquencies."For the year, net charge-offs rose 10% to $
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Jan 24, 2020
(Bloomberg) -- The year is starting off much like the last one ended for the Shetty family.The billionaire clan behind financial services firm Finablr Plc and hospital operator NMC Health Plc has seen its fortune drop more than $1.5 billion since it came under fire in December from short seller Carson Block.The latest blow came Friday after a filing revealed the Shettys pledged more than half their stake in Finablr to secure loans. The payment processor's shares tumbled as much as 34% in London.A spokesman for the family had no immediate comment when reached by email.The family's troubles began last month when Block's Muddy Waters Capital issued a report criticizing NMC's accounts and disclosing a short position, sending shares down. Since then, a cyberattack rocked one of Finablr's popular brands -- Travelex Holdings Ltd. -- and NMC plunged again after investors sold shares worth almost $500 million. The health-care firm has named former FBI Director Louis Freeh to examine Block's claims.Bavaguthu Raghuram Shetty, 77, founded NMC in 1975 after moving to Abu Dhabi from his native India. It's now the United Arab Emirates' biggest private health-care provider. He created Finablr in 2018 to consolidate his finance brands and listed the company on the London Stock Exchange last year.The family's stakes in both firms were worth almost $3 billion before Muddy Waters published its report, but they have been cut in half since, according to the Bloomberg Billionaires Index.\--With assistance from Lisa Pham.To contact the reporter on this story: Ben Stupples in London at bstupples@bloomberg.netTo contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, Ste
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Jan 24, 2020
With the new year comes a new decade, and investors are on the lookout for the names that have what it takes to outperform the market and to deliver solid returns in the years to come. However, given the uncertainty hanging over the market, zeroing in on the most compelling investment opportunities isn't an easy job. So what's an investor to do? We suggest following Wall Street's lead as the analysts can provide a wealth of investing inspiration. Investment banking firm RBC Capital sits at the very summit of TipRanks' top performing research firms. RBC's analysts have consistently delivered returns when guiding investors to the right stocks - hence the elevated position. Naturally, the company is constantly on the look-out for fresh opportunities. With this in mind, we decided to look at 3 internet stocks RBC thinks present opportunity right now.We used TipRanks' Stock Screener tool to get the lowdown. The tool factors in analyst consensus ratings, price targets, and stock analysis, amongst others, to help us see what the future might have in store for the tickers at hand. It turns out that in addition to RBC's recommendations, all 3 currently have a Strong Buy consensus rating and, furthermore, all offer upside potential of more than 20%. Let's take a closer look.GoDaddy (GDDY)Investors are constantly in search of growth stocks. GoDaddy has proven to be a successful growth story since going public in 2015. Although it only exhibited modest gains in 2019, it is still up by 175% since its initial listing.GoDaddy p
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Jan 24, 2020
Yahoo Finance's Adam Shapiro breaks down the latest stories that are pushing headlines today on On the Move.
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Jan 24, 2020
The new year is the perfect time to start getting your finances on track, and that doesn't necessarily mean cutting back on the things you enjoy. 3. Consider shifting to more conservative investments. 4. Don't let fear drive your investment strategy.
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Jan 24, 2020
Broadcom, Amazon, Uber, SoftBank and Bayer are the companies to watch
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Jan 24, 2020
We wish everyone a prosperous Year of the Rat! Continue reading...
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Jan 24, 2020
Headlines moving the stock market in real time.
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Jan 24, 2020
Aphria Inc. (TSX:APHA) (NYSE: APHA) announced Friday it has agreed to receive a strategic investment from an institutional investor. Under the agreement, the investor will buy 14.04 million Aphria's units with a price of CA$7.12 ($5.42) per unit for a total of CA$100 million in gross proceeds. Each unit consists of one Aphria's common share and one-half of one common share purchase warrant of Aphria.
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Jan 24, 2020
It's good when investment managers eat their own cooking and that's the case with O'Shares ETFs Chairman Kevin O'Leary and the firm's O'Shares FTSE Russell Small Cap Quality Dividend ETF (NYSE: OUSM). Home to about $110 million in assets under management, OUSM turned 3 years old at the end of 2019. Designed as a dividend growth, not a yield play, OUSM follows the FTSE USA Small Cap ex Real Estate 2Qual/Vol/Yield 3% Capped Factor Index.
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Jan 24, 2020
Tesla is set to post its Q4 earnings next week, and many have high expectations for the company and Elon Musk. Yahoo Finance's Dan Roberts and Seana Smith discuss with Wedbush Equity Analyst Dan Ives.
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Jan 24, 2020
Warren's plan, the Student Loan Debt Relief Act, would cancel $50,000 in student loan debt for every household with a gross income less than $100,000.
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Jan 24, 2020
As families blend and people marry in different stages of life - saying "I do" to joint accounts is not always the right answer for all.
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Jan 24, 2020
Regulators are arguing over the right metrics to use in crediting banks with Community Reinvestment Act lending. But they are failing to ask a more fundamental question.
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Jan 24, 2020
Last year was volatile for the stock markets, but overall growth was strong. Stocks have hit record highs - the S&P 500 gained 28% for 2019, and has started 2020 with continued growth. The broad-based gains have investors feeling good - but a look ahead has them nervous.Wall Street's analysts don't see the record-breaking growth run lasting much longer. In fact, the consensus among the top financial investment firms is that markets will gain a paltry 2% over the next twelve months. For investors who have grown used to reaping rewards from share appreciation, this is an unwelcome wake-up call. It also calls for a switch in strategy.Dividends are the logical way to turn. These profit-sharing payments give investors a steady income stream - even when market gains are sluggish. As an added appeal, there is no upper limit to a dividend's yield. After three Fed rate cuts in 2019, Treasury bonds are down to the 1.5% to 1.75% range - while the average dividend yield among S&P-listed companies is just about 2%. And there are plenty of stocks with higher yields.Finding the right investment is key here. Just a high dividend yield won't always cut it - investors should still seek a stock that will outperform. TipRanks, with its library of market and analyst performance data, has the perfect research tool to find just the right investment. The Smart Score brings together data from eight different sources and gives every stock in the database a single-digit score, on a scale of 1 to 10, to let you know at a glance how that stock is likely to mov
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Jan 24, 2020
(Bloomberg) -- The deadly coronavirus that has sparked stock rallies for a cluster of health companies developing drugs and screening tests reminds industry watchers of the frenzies that greeted other health scares -- and even the cryptocurrency craze.Small-cap companies including Novavax Inc., Cerus Corp., Co-Diagnostics Inc. and Inovio Pharmaceuticals Inc. have seen shares surge this week as investors gobble up statements about their plans to help combat the outbreak. Conversations with investors, analysts and executives show many people are skeptical these products will reach patients before years of research and development, if ever."They just want to be able to say it in hopes that they'll get a bump in the stock price, but I'd take anything like that with a grain of salt," Matinas BioPharma Holdings Inc. Chief Executive Officer and co-founder Jerry Jabbour said in an interview. "It is a little bit like chasing Bitcoin and the fantastical nature of it, it captures the imagination."Baird analyst Brian Skorney said it's common for companies to issue press releases every few years about "their efforts to treat some potential pandemic." Some of these releases are just "a launch pad for generating stock moves" rather than evidence of real clinical progress, he said."The key to separating legitimate companies from hypesters is to see which ones are truly working with the U.S. government and other professional health organizations" and those that are "simply issuing well-timed press releases to take advantage of the situation," said Brad Loncar, chief executive officer of Loncar Investments. He highlighted Moderna Inc.'s partnership with the National
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Jan 24, 2020
At the World Economic Forum in Davos, Switzerland, Treasury Secretary Steven Mnuchin took on climate change, and brushed off big concerns about sustainability. Yahoo Finance's Seana Smith, Dan Roberts, and Brian Cheung break down the details.
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Jan 24, 2020
Any hope retailers would extinguish the fires consuming them in 2020 is fading fast, with closures by Macy's, J.C. Penney, Express, Pier 1 and others.
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Jan 24, 2020
Let's talk about the popular Marvell Technology Group Ltd. (NASDAQ:MRVL). The company's shares led the NASDAQGS...
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Jan 24, 2020
Walt Disney Co (NYSE: DIS) has become the latest corporate victim of the Wuhan coronavirus. The closure will cost significant revenue expected for the nation's largest holiday season. This year, even if Disney would have remained open, it would have missed business from more than 18 million prospective visitors as Wuhan, Wuanggang and other cities enforce travel restrictions.
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Jan 24, 2020
In a new interview from the World Economic Forum in Davos, Switzerland, Bank of America CEO Brian Moynihan credited innovation and a "capitalist spirit" in the U.S. with powering the country's longest economic expansion in history.
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Jan 24, 2020
A student loan servicer involved in a bankruptcy case is appealing a New York judge's decision to discharge $220,000 of student debt held by a navy vet.
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Jan 24, 2020
Bank of America CEO Brian Moynihan spoke with FOX Business' Maria Bartiromo at the World Economic Forum in Davos, Switzerland.
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Jan 24, 2020
Q4 2019 Columbia Banking System Inc Earnings Call
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Jan 24, 2020
(Bloomberg Opinion) -- Investors aren't waiting for a definitive deal to end the mass of lawsuits against Bayer AG before snapping up the shares. The German life sciences group's 75 billion euro ($83 billion) market value is up some 26 billion euros in seven months on hopes that thousands of claims related to its glyphosate-based Roundup weedkiller, accused of causing cancer, might be resolved in a settlement. There's a risk that shareholder expectations are getting carried away.Talks about a deal do appear constructive, based on the tone of limited statements made by the legal mediator Ken Feinberg. Bayer's lawyers have in some discussions proposed the firm pays $8 billion to settle existing suits and sets aside $2 billion for future claims, Bloomberg News reported Thursday. That was well received by the market, which pushed up Bayer stock as much as 4%. The $10 billion total is consistent with the cost that analysts have put on a settlement.What's striking about Bayer is that despite its recent rally the stock still trades at a substantial discount to peers, and removing this would be worth much more than the settlement costs being discussed. The company trades at 9 times expected Ebitda. Its pharmaceutical peers command valuations of 11.2 to 17.5 times. Just getting to a valuation matching its cheapest counterparts would add about 20 billion euros of market value, after deducting the estimated cost of ending litigation. A re-rating toward the average of its peer group would see Bayer's market value rise even more substa
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Jan 24, 2020
Is General Dynamics Corporation (NYSE:GD) a good dividend stock? How can we tell? Dividend paying companies with...
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Jan 24, 2020
Some cannabis stocks are seeing their prices surge as investors hunt for winners in the ashes of an industry shakeout that hammered share prices last year. Shares of Tilray Inc and Canopy Growth Corp have climbed more than 20% since the start of the year, while Cronos Group Inc and Aphria Inc are up more than 10%. The ETFMG Alternative Harvest exchange-traded fund, which targets the global cannabis industry, is up 5.8% in that period.
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Jan 24, 2020
PacWest Bancorp (NASDAQ:PACW) shares fell 3.5% to US$36.66 in the week since its latest full-year results. Results...
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Jan 24, 2020
US Treasury Secretary Steven Mnuchin and European Central Bank chief Christine Lagarde share their economic outlooks on the final day of the 2020 World Economic Forum.
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Jan 24, 2020
KUALA LUMPUR/NEW DELHI (Reuters) - Indonesia has agreed to immediately increase imports of Indian buffalo meat, sugar and auto parts after India boosted purchases of Indonesian palm oil amid a spat with rival supplier Malaysia, two Indian government sources with direct knowledge of the matter told Reuters on Friday. Indonesia and Malaysia account for 85% of the world's palm oil output while India is the biggest buyer of edible oil. India has effectively halted imports of refined palm oil from Malaysia since early January in retaliation for Malaysia's accusation that recent Indian policies discriminate against Muslims.
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Jan 24, 2020
Jim Cramer expressed optimism about Snap Inc.'s (NYSE: SNAP) stock value on Thursday. The company reported a 13% increase in daily active users year-on-year, even as it faces increased competition from Facebook Inc. (NASDAQ: FB) and subsidiary Instagram along with new entrant video sharing platform TikTok, and other social media platforms.
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Jan 24, 2020
Readers hoping to buy Enerplus Corporation (TSE:ERF) for its dividend will need to make their move shortly, as the...
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Jan 24, 2020
If you own shares in CoreCivic, Inc. (NYSE:CXW) then it's worth thinking about how it contributes to the volatility of...
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Jan 24, 2020
Bitfinex trader JOE007 has gained a staggering $6.95 million in unrealised profit by trading Bitcoin this week, according to the exchange's leaderboard. In December, Coin Rivet reported on the same trader's woeful loss of $26 million as he found himself caught in a long position during Bitcoin's decline to $6,800. However, as Bitcoin began to claw its way back up after the turn of the year, his profit and loss flipped into the positive. Bitcoin is now more than 10% down in the past five days, indicating that JOE007 has been holding a short position during the decline. The daily candle closed beneath the $8,450 level of support yesterday as Bitcoin moves closer towards the 200 exponential moving average (EMA),The post Bitfinex trader profits $7 million as Bitcoin begins bearish descent appeared first on Coin Rivet.
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Jan 24, 2020
Capstone Turbine Corporation's (NASDAQ:CPST): Capstone Turbine Corporation develops, manufactures, markets, and...
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Jan 24, 2020
The TAZVERIK drug has been approved, particularly for the treatment of patients above the age of 16, who have metastatic or locally advanced epithelioid sarcoma that cannot be completely removed with surgery. The clinical benefit of the drug still needs to be verified in a confirmatory trial for the FDA's continued approval, as is usually required in cases where the federal agency grants accelerated approvals based on preliminary trials. Epizyme said that it is already performing a confirmatory trial that assesses the effects of a combination of TAXVERIK and chemotherapy drug Doxorubicin against a combination of the latter with a placebo.
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