Month: November 2017

Net Neutrality, or an open-Internet atmosphere, is currently a hot subject of debate in the international telecommunications circuit. The idea that all data should be treated equally, regardless of its content, has resulted in arguments and counter arguments globally. […]

Biogen BIIB and Alkermes plc ALKS announced a global license and collaboration agreement to develop and commercialize Alkermes’ phase III multiple sclerosis ("MS") candidate, ALKS 8700. Per the deal, Biogen was granted worldwide commercialization rights to Alkermes’ ALKS 8700 for an upfront payment of $28 million. In return, Biogen will pay Alkermes royalties at amid-teens percentage rate on global sales of ALKS 8700. […]

Amazon AMZN is on the brink of a major healthcare/machine learning deal with Cerner CERN , according to CNBC. This isn’t the first time that the company has partnered with the leading EHR provider. […]

Bitcoin is touching new highs every week and this morning it reached the historic milestone of $11,000 for the first time. Once considered as a mysterious investment, Bitcoin has gained huge popularity this year, with more and more people expressing their interest in buying the cryptocurrency. But is it worth buying a digital coin for over $10,000, particularly when it has soared nearly 800% in less than a year […]

After the news of an unexpected uptick in the U.S. retail sales — +0.2% — in October, retailers got another reason to smile as they head into the holiday season. Consumer Confidence — a key determinant of the economy’s health — reached its highest level in almost 17 years […]

The Bank of England (BoE) 2017 stress test results are out. This is the first time since the launch of the U.K. […]

The scheduled meeting of OPEC members with non-OPEC crude exporters for the third time in Vienna, Austria, is dominating the headlines. It should provide an answer to the million-dollar question — will oil continue to trade above $55 a barrel? The landmark production-cut accord, first signed in late 2016, helped oil cross the $50-a-barrel mark […]

Will Chevron Corporation CVX raise its dividend soon? The question is back on the table with U.S. […]

On the recent conference call, UnitedHealth Group Inc. UNH reiterated its 2017 guidance that was earlier provided with the third-quarter earnings release in October. The company also gave a strong view for 2018 […]

Centene Corp. CNC appears a solid bet, riding high on core strength and earnings growth prospects. The company’s inorganic growth strategies have positioned it well for future improvement. […]

Genomic Health, Inc. GHDX recently announced an exclusive licensing agreement with biotechnology company Cleveland Diagnostics, Inc. […]

Upstream oil company, Carrizo Oil & Gas, Inc. CRZO recently agreed to divest all its Denver-Julesburg Basin assets for a total consideration of $140 million. The deal will also fetch Carrizo up to $15 million in contingent payments over the next three years, which depends on oil price level surpassing a predetermined limit […]

In an effort to enhance its shareholders' value, Merck MRK declared a 2.1% hike in quarterly dividend to 48 cents from 47 cents per share paid last quarter. The increased dividend will be paid on Jan 8, 2018 to shareholders of record as of Dec 15, 2017. The raised dividend rate brings Merck’s annual dividend to $1.89 per share, implying a yield of 3.5%, which is better than the industry average of 2.6%. […]

Facebook Inc FB in its war on terrorism has been deploying artificial intelligence (AI) to curb extremist activities on its platform. Yesterday, in a lengthy blog post , the company’s head of Global Policy Management, Monika Bickert and head of Counterterrorism Policy, Brian Fishman said that AI was able to filter out 99% of posts related to ISIS and Al Qaeda even before some users flagged the content. For some time now, Facebook and a host of other social media companies have been under government and law enforcement agencies’ scrutiny for their inability to contain the spread of terrorism […]

Pure Storage Inc. PSTG reported non-GAAP loss of 1 cent per share in the third quarter of fiscal 2018, which was narrower than the Zacks Consensus Estimate of a loss of 3 cents. […]