Month: June 2016

Genmab A/S GNMSF announced that the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) rendered a negative opinion for Arzerra as a maintenance therapy for patients suffering from relapsed chronic lymphatic leukemia (CLL). Currently, Arzerra is approved in the EU in combination with Leukeran or Levact for the treatment of patients with CLL who have not received prior therapy and are not eligible for Fludara-based therapy. […]

"Seldom has any nation been met with such a simple yet consequential a choice, with the rich and poor, young and old, north and south all given a hand in creating history." We refer to the historic Brexit referendum, as Britain sets course to become the first major country to leave the European Union that evolved from the ashes of the World War II. The referendum triggered shockwaves globally, and what followed was whipsaw trading in Pound, plummeting stock prices, a global flight to safer assets and the abrupt stepping down of PM David Cameron. Global asset markets were caught unawares with the result, as the latest polls had swung decisively toward “Remain” and markets had not priced in the risk of Brexit correctly. […]

Monsanto Company MON is scheduled to report third-quarter fiscal 2016 results before the opening bell on Jun 29. Let’s see how things are shaping up prior to this announcement. […]

On Jun 23, 2016, we issued an updated research report on CME Group Inc. CME . The ongoing weakness in derivative markets and widening of spreads are hurting the top line and bottom line of CME Group […]

Gilead Sciences, Inc. GILD announced that its once-daily single tablet regimen (STR) Odefsey gained approval in the EU for the treatment of HIV-1 infection in certain patients. Odefsey comprises Gilead’s Descovy (Emtriva;v 200 mg and tenofovir alafenamide/TAF; 25 mg) and Johnson & Johnson's JNJ Edurant (25 mg) […]

Xerox Corporation XRX recently declared that Jeff Jacobson will be the CEO of Xerox Corporation, following the completion of the company’s split into two publicly traded companies. About Jeff Jacobson Jacobson is currently the president of Xerox Technology and will continue in this capacity until the completion of the strategic split. He has been part of the company for the past four years and shares a deep relationship with customers and employees […]

Deutsche Bank AG DB disclosed detailed restructuring moves on Thursday for revamping the commercial and private banking business in Germany. The company’s plans which form broader part of its Strategy 2020 announced last year include branch consolidation, job cuts, and opening of advisory centers. The German banking giant will eliminate around 3,000 employees in Germany by 2018, of which 2,500 positions are tied with the bank’s Private and Commercial Clients unit […]

FactSet Research Systems Inc. FDS is set to report fiscal third-quarter 2016 results on Jun 28, 2016. […]

Yelp Inc. YELP was up over 5% yesterday after a report from Needham & Company reaffirmed the analyst’s bullish view on the company, citing its efforts to boost sales, headcount and advertising as key growth drivers. […]

“Mr. Pichai! Please don’t sell Boston Dynamics. It has created me just to prove that it can deliver marketable products in the near term. […]

Groupon, Inc. GRPN shares were up about 3.08% in yesterday’s trading session after the company revealed its plans to expand OrderUp, its on-demand food delivery service. OrderUp has formed an alliance with U.S.-based Qdoba Mexican Eats. […]

McCormick & Company, Inc. MKC has introduced new products to make fall and holiday meals more delicious. […]

With the prospect of strong housing recovery in 2016, most homebuilders are seeking to strengthen their position. KB Home KBH consistently aims to boost its community count in the highly favorable submarkets as part of its growth strategy. […]

MEDNAX Inc. MD has been firing on all cylinders lately. Shares of this healthcare service provider has increased 13.3% in the last three months, driven by a plethora of accretive acquisitions in different specialties like neonatology, anesthesiology, maternal-fetal medicine and pediatric cardiology […]

Shares of Seattle, Washington-based Alaska Air Group ALK fell to a 52-week low of $58.74 during the trading session on Jun 23. Shares of the carrier, however, recovered marginally to close the session at $59.14. […]

In a historic move, Britain, the world's fifth largest economy became the first nation to leave the European Union (EU), laying ground for turmoil in the global financial markets. The Brexit referendum crushed market speculations of Britain voting to remain in the E.U, giving rise to a flood of uncertainties. Major U.S. […]

Share price of Intuitive Surgical ISRG rallied to a new 52-week high of $661.94 on Jun 23, eventually closing a tad bit lower at $661.32. This represents a strong one-year return of about 33.64%, much better than the S&P 500’s return of 0.52% over the same time frame. […]

As global equity markets went in a tizzy with the U.K’s shocking decision to exit the European Union or Brexit, various U.S. companies from diverse sectors also felt the ripple effect. Although the Brexit referendum is not legally binding and offers a likely two-year window for the entire process to be completed, it has certainly created a wave of uncertainty among investors. […]

After a showdown with conservatives last month, Facebook FB is now training its employees to keep a check on their “political leanings”. As per The Wall Street Journal report, Facebook board member Sheryl Sandberg, while addressing an audience at the American Enterprise Institute in Washington DC, said that Facebook is now planning to organize classes to make employees focus on “identifying and neutralizing racial, age, gender and other types of bias.” Last month, a Gizmodo report, quoting an unnamed ex-Facebook contractor, alleged that Facebook intentionally concealed conservative news. […]