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Cannabis Central: 84% Of The Pot Stock Index Constituents Declined On Wednesday
Article By: Lorimer Wilson
Thursday, August 20, 2020 5:00 AM EDT
84% of the 25 pure-play Pot Stock Index constituents declined on Wednesday causing the PSI to decline 2.6% resulting in 3 of the 4 associated categories declining. In addition, 3 constituents advanced and 1 had no change in price.
In this article: CRLBF, CWBHF, PLNHF, YCBD, OGI, AVCNF
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Market Briefing For Thursday, August 20
Article By: Gene Inger
Thursday, August 20, 2020 2:50 AM EDT
Health heaviness holds the Fed to a defensive stance while they express concern indirectly about systemic stability, and even higher yields 'pulling' policy shifts later in the course of developments; or sort of hinted-at by their oblique comments.
In this article: BA, SRNE, REGN, AAPL, GILD, INTC, NVDA, ORCL Also: VIX, SPX
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Cannabis Central: Pure-Play Pot Stock Index Declined On Tuesday
Article By: Lorimer Wilson
Wednesday, August 19, 2020 10:43 AM EDT
The Pot Stock Index of the 25 pure-play cannabis stocks that trade for more than US$1/share declined 1.9% on Tuesday. 11 of the constituents advanced, 13 declined, 1 had no change and 3 of the 4 associated sector categories declined.
In this article: CURLF, TCNNF, SHWZ, ARNA, NEPT, GWPH, ABBV, GRWG, KERN, NBEV, VFF
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Galapagos Sinks After FDA Issues Complete Response Letter To Partner Gilead
Article By: The Fly
Wednesday, August 19, 2020 7:40 AM EDT
Galapagos last night announced that Gilead Sciences received a Complete Response Letter from the FDA for the New Drug Application for filgotinib, an investigational treatment for moderately to severely active rheumatoid arthritis.
In this article: GILD, GLPG
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Regeneron To Collaborate With Roche For Global Supply Of Its Coronavirus Treatment
Article By: Benzinga
Wednesday, August 19, 2020 7:20 AM EDT
Regeneron Pharmaceuticals Inc and Roche Holding AG on Monday disclosed that they are collaborating to develop, manufacture, and distribute the former's COVID-19 antibody cocktail.
In this article: RHHBY, RGEN
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Tough Time To Trade Biotech Stocks, Is The Momentum Market Easing?
Article By: Rod Raynovich
Tuesday, August 18, 2020 7:42 PM EDT
Until a new stimulus package emerges and coronavirus transmissions get under control stocks will remain volatile despite raging bullish sentiment.
In this article: AZN, BMY, GSK, MRK, RHHBY, GILD, XBI, XLK, ABBV, PKI, TMO, VRTX
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Barclays Downgrades Amag Pharmaceuticals After 130% Rally From Lows
Article By: The Fly
Tuesday, August 18, 2020 7:33 AM EDT
Barclays analyst Balaji Prasad downgraded Amag Pharmaceuticals to Equal Weight from Overweight with an unchanged price target of $10.
In this article: AMAG
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Market Briefing For Tuesday, August 18
Article By: Gene Inger
Tuesday, August 18, 2020 2:01 AM EDT
Circumstances go well beyond 'Covid' with respect to the market. Assumptions that a Biden/Harris ticket means centrist policies is what the market wants to see for now, whether that's truly their perspective or not.
In this article: NDX, SPX Also: SRNE, SPY, GS
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FDA Places Partial Clinical Hold On Applied Therapeutics Galactosemia Study
Article By: The Fly
Monday, August 17, 2020 8:56 AM EDT
Applied Therapeutics received a letter from the Food and Drug Administration that placed a partial clinical hold on the ACTION-Kids Study and requested that the company provide the FDA additional technical information.
In this article: APLT
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Sanofi To Purchase Immune System-Focused Drugmaker Principia Biopharma For $3.7B
Article By: Benzinga
Monday, August 17, 2020 8:32 AM EDT
Sanofi SA will acquire Principia Biopharma Inc for $3.68 billion in cash, the two companies announced Monday.
In this article: SNY, PRNB Also: GSK, TBIO
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So Far Not A Year For The Dogs Of The Dow
Article By: David Templeton
Monday, August 17, 2020 7:02 AM EDT
This year has not been a good one for the Dogs of the Dow strategy. A number of reasons can be cited, like energy sector weakness and both Chevron and Exxon Mobil included in the strategy this year or Cisco and IBM a part of the Dow Dog portfolio.
In this article: CVX, IBM, PFE, XOM, AAPL, CSCO, MSFT, DIA, SPX
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Sanofi Acquires Principia Biopharma For $100 Per Share Or $3.68B
Article By: The Fly
Monday, August 17, 2020 5:38 AM EDT
Sanofi and Principia Biopharma entered into a definitive agreement under which Sanofi will acquire all of the outstanding shares of Principia for $100 per share in cash, which represents an aggregate equity value of approximately $3.68B.
In this article: SNY, PRNB
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CanSino Gets China's First COVID-19 Vaccine Patent
Article By: Benzinga
Monday, August 17, 2020 4:44 AM EDT
CanSino Biologics Inc has become the first company to secure a patent for its COVID-19 vaccine in China
In this article: CASBF Also: AZN, JNJ, PFE, MRNA, BNTX
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Pete Najarian Sees Unusual Options Activity In Gilead
Article By: Benzinga
Sunday, August 16, 2020 11:31 AM EDT
FastMoney's Najarian noticed a purchase of 6,000 contracts of the August $69 calls for 75 cents. The trade expires in a week and it breaks even at $69.75 or 1.02% above the closing price on Friday.
In this article: MGM, GILD, SNAP
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US Stock Market Weekly Review Aug. 10-14
Article By: Stavros Georgiadis
Sunday, August 16, 2020 5:48 AM EDT
A second consecutive week with gains for the US stock market. Dow Jones outperformed this week compared to the S&P 500 and Nasdaq Composite.
In this article: LXU, SNCR, OBCI, KODK, FULC, XPEL Also: DIA, SPX
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Week In Review: $2.5 Billion In Deals Including LianBio's Initial $719 Million In In-Licensings
Article By: ChinaBio® Today
Saturday, August 15, 2020 1:13 PM EDT
LianBio, a new Princeton-Shanghai company, acquired China rights to two BridgeBio oncology assets in a $531.5 million agreement. BridgeBio will receive $26.5 million in upfront payments, plus up to $505 million in future milestones.
In this article: LLY, CBMG, MYOK, BBIO
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