After speaking to management, Citi analyst Yigal Nochomovitz expects Portola Pharmaceuticals’ AndexXa to be approved on or before the new FDA action date of May 4, 2018. The additional data, which led to the 90 day delay, pertain, at least in part, to an update on thrombotic events in ANNEXA-4 since the last cut, Nochomovitz…
Written by Knowledge Wharton Europe has continued to surpass the U.S. when it comes to economic performance in recent years, and that trend looks set to continue through 2019, according to European Commission forecasts. In this opinion piece, Kalin Anev Janse, secretary general and a member of the management board of the European Stability Mechanism (ESM), the eurozone’s…
Indian share markets continue to trade on a flat note in the noon session. Gains are largely seen in metal stocks and realty stocks. Meanwhile, bank stocks and energy stocks are witnessing majority of the selling activity. The BSE Sensex is trading higher by 5 points and the NSE Nifty is trading higher by 9 points. Meanwhile, the BSE Mid Cap index is trading up by 0.2% & the BSE…
It seems that the yellow metal is trying to close the last trading of 2017 higher, as the gold prices achieved gains pushing the price toward 1280 an ounce, the highest level in the current month, and the gold is now closer to test the psychologically important peak at $1300. The gold took advantage of…
Cryptocurrencies are struggling for nearly a week: after some of the coins surged to record highs, a big crash came last Friday. Since then, we are seeing a recovery, but just a few hours ago, another slide was seen across the board. However, one digital currency stands out: Ripple. The price of XRP/USD has reached a…
BlackBerry’s (BB) top-line growth remains in free fall, down 22% Y/Y for FQ3 2018.. SAF and handset revenue are now a combined 16% of total revenue. That is a good thing because their decline will have less impact going forward. With only $9 million in handset revenue, BlackBerry is officially out of the hardware business,…
Written by Philip Pilkington, Fixing the Economists David Glasner from over at the blog Uneasy Money has co-written an interesting paper on Sraffa and his critique of the natural rate of interest as it was put forward in Hayek’s business cycle theory. There is a lot that might be written about this paper as I believe that the debate has…
When it comes to the global economy, few things matter as much as China, the trajectory of its economy and especially the pace and impulse of its credit creation, which is ironic because virtually all data coming out of China is fabricated and manipulated, and thoroughly untrustworthy, either on purpose or “by accident.” The latest example…
U.S. nonfarm payrolls increased by 228,000 in November, more or less in line with the October gain. The unemployment rate, which is calculated from the household survey, remained at 4.1%, the same level as in October. The long-term unemployed (defined as persons unemployed for more than 27 weeks) were accounted for 23.8% of total unemployment…
EUR/USD The euro rallied again during the trading session on Wednesday, breaking towards the 1.19 level. We did pull back a little bit during the trading session though, and as we continue to see a lot of volatility, I think that the market is trying to build up enough momentum to finally break out to…
