Month: February 2020

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Aimmune’s ‘First-Of-Its-Kind’ Peanut Allergy Drug Receives FDA Approval

February 1, 2020 admin Comments Off on Aimmune’s ‘First-Of-Its-Kind’ Peanut Allergy Drug Receives FDA Approval

The FDA approved Palforzia allergen powder for treating patients with confirmed diagnosis of peanut allergy, the Brisbane, California-based company said in a late Friday release. An FDA panel, which reviewed the BLA for Palforzia back in September, voted 7-2, recommending the approval on the grounds of efficacy and safety. Palforzia is an oral immunotherapy meant to mitigate allergic reactions, including anaphylaxis that may occur with accidental exposure to peanut. …read more […]

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Barron’s Picks And Pans: Intel, Johnson & Johnson, T-Mobile And More

February 1, 2020 admin Comments Off on Barron’s Picks And Pans: Intel, Johnson & Johnson, T-Mobile And More

This weekend’s Barron’s cover story explores the world of global dividend stocks. Nicholas Jasinski’s “T-Mobile Stock Is a Winner — Sprint Merger or Not” points out that a federal judge is expected to rule on the T-Mobile Us Inc (NASDAQ: TMUS) merger in the coming weeks. Regardless of the outcome, its shares look attractive, says Barron’s. …read more […]

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PG&E Proposes Board Overhaul in Bankruptcy Exit Push

February 1, 2020 admin Comments Off on PG&E Proposes Board Overhaul in Bankruptcy Exit Push

(Bloomberg) — PG&E Corp. said it will overhaul its board of directors, bring in safety experts and create regional operating units as part of a broad reorganization proposal aimed at winning state approval for its bankruptcy exit.PG&E detailed the organizational changes in filings late Friday with the California Public Utilities Commission and U.S. bankruptcy court. The company will seek new board members with extensive safety experience and wants half of its directors to reside in California. The utility will also appoint an independent safety adviser who would take over after the term of its federal probation monitor ends, according to …read more […]

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Billionaire Bloomberg proposes tax plan aimed at wealthy

February 1, 2020 admin Comments Off on Billionaire Bloomberg proposes tax plan aimed at wealthy

Billionaire Democratic presidential candidate Mike Bloomberg is unveiling a tax plan that would target the wealthy — increasing rates on capital gains and corporate gains as well as introducing a new 5% surtax on incomes above $5 million. Campaign officials, who spoke on condition of anonymity to discuss the tax plan details, said it would raise roughly $5 trillion over 10 years, though that figure could be adjusted higher or lower based on the funding needs of Bloomberg’s policy agenda. Bloomberg is expected to discuss the plan on Saturday at the opening of his campaign’s Denver office. …read more […]

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Is This the Beginning of the End?

February 1, 2020 admin Comments Off on Is This the Beginning of the End?

Sometimes it’s hard to own bonds when stocks seem to be going straight up. It’s easy to feel left out.
The temptation is always there to pull a little bit of cash out of the bond portfolio and put some into what are termed “FAANG” stocks:

Facebook (Nasdaq: FB)
Amazon (Nasdaq: AMZN)
Apple (Nasdaq: AAPL)
Netflix (Nasdaq: NFLX)
Google’s parent company, Alphabet (Nasdaq: GOOGL).

These are the most popular and best-performing American tech stocks of our time.
When we go to cocktail parties and some of our friends want to brag about how well their equity portfolios have performed, these are the names we hear over and over …read more […]

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A Tale of Two Oil Giants With Two Strategies That Aren’t Working

February 1, 2020 admin Comments Off on A Tale of Two Oil Giants With Two Strategies That Aren’t Working

(Bloomberg) — Everyone from environmentalists to investors is beating up on fossil fuels, and American energy giants Exxon Mobil Corp. and Chevron Corp. are taking increasingly diverging approaches as they try to weather the storm.The problem is, neither strategy is working right now.Exxon is using the downturn in oil, gas and chemical prices as an opportunity to unleash its giant balance sheet to fund a slew of mega-projects around the world. Chevron is sticking with austerity — to such an extent that Chief Executive Officer Mike Wirth admitted he sounds like “a broken record” repeating a mantra of financial discipline.The …read more […]