Deals and Financings Otsuka Pharma (OTSKF) of Japan snagged marketing rights to Iclusig®, a leukemia drug developed by Ariad Pharma (NSDQ: ARIA), for Japan, China and eight other Asian countries (see story). Otsuka will pay $77.5 million upfront plus additional regulatory milestones. Ariad will receive a “substantial” share of net product revenues. Iclusig, a tyrosine kinase inhibitor,…
Russia’s new military doctrine lists NATO, U.S. as major foreign threats AFP Photo / Natalia Kolesnikova Russia has adopted an updated version of its military doctrine, which reflects the emergence of new threats against its national security. NATO military buildup, and American Prompt Global Strike concept are listed among them. The new doctrine was approved…
Standing on the threshold of 2015, if you have appetite for ‘big game’ stocks in a volatile market, you ought to first screen the broader sector for the prized catches. Various studies and historical data have proved beyond doubt that average stocks that belong to top-performing industries have greater probability to outperform the so-called ‘blue-chips’…
UPDATE: *SINGAPORE AVIATION: SEARCH AND RESCUE OPERATIONS ACTIVATED An Air Asia Indonesia flight from Surabaya in east Java to Singapore carrying 155 passengers has gone missing, Air Asia has confirmed. As Bloomberg reported, the flight departed Surabaya at 5:20am local time and lost contact soon after… Contact was lost at 6:17 a.m. local time (23:17…
If you only paid attention to the mainstream media, you’d be forgiven for thinking that the US is going to get away from the collapse in oil prices scot free. According to popular belief, America is even going to be a net winner from cheaper oil prices, because they will act like a tax cut…
Phil visits with Money Talk’s Kim Parlee on Business News Network. In this informative interview, Phil talks about his target price range for oil and presents an options trade idea that he is calling the “Trade of 2015.” (Originally published on Dec. 19, 2014) ? Click on the links: Segment 1 (Oil, Russia, and the Fed) : http://www.bnn.ca/Shows/Money-Talk.aspx?vid=515921 Segment 2…
Though investors have been continuously shifting their exposure to the equity world in the second half of the year thanks to a steadily improving U.S. economy, the fixed income world is also in great shape as a result of global market turmoil. The Eurozone is at a risk of facing deflationary woes after escaping recession…
2014 was awash with potentially status quo destabilizing ‘realities’ to the “we’re back on track and world economic growth is about to reach “escape velocity” meme… but time after time, the well-conditioned ‘investor’ was rescued… here’s how… Because – fun-durr-mentals. Chart: Source Research
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The US dollar closed higher against all the major currencies during the holiday shortened week. The lack of liquidity may have exaggerated the weakness of Swedish krona and Norwegian krone, the poorest performing major currencies. Both lost about 1.5% against the greenback. The least weak currencies were in the dollar-bloc. The Canadian and New Zealand dollars were…
