Month: March 2020

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Cytodyn’s Leronlimab Could Be an Answer to COVID-19

March 31, 2020 admin Comments Off on Cytodyn’s Leronlimab Could Be an Answer to COVID-19

Although the news about CytoDyn (CYDY) saying it could probably adapt its leronlimab drug to battle COVID-19, is two weeks old, the media finally caught up with the story when news that a small sample of patients with COVID-19 have responded positively to the drug treatment.In this article we’ll look at the potential opportunity this offers patients and CytoDyn, and also the many other diseases and conditions leronlimab could be useful for.Leronlimab and COVID-19The primary use and benefit of leronlimab is for patients having respiratory complications from COVID-19. At this time it is believed the treatment strengthens the “immune response …read more […]

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Why Warren Buffett Is Smiling Ear to Ear

March 31, 2020 admin Comments Off on Why Warren Buffett Is Smiling Ear to Ear

The coronavirus crash hit many companies hard, including Berkshire Hathaway.
Today, Nicholas Vardy discusses Warren Buffett’s investment strategies to capitalize on the recent plunge and set things up for a big year.

The “Corona Crash” is one for the history books.
Over the past month, the U.S. stock market endured one of its sharpest sell-offs in history. Between February 20 and March 23, the S&P 500 sold off more than 30%.
Millions of investors watched helplessly as trillions of dollars in value evaporated from their portfolios.
Yet Warren Buffett, chairman and CEO of Berkshire Hathaway (NYSE: BRK-B) and the greatest investor in history, took the …read more […]

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Keystone XL Oil Pipeline Gets Go-Ahead After Alberta Puts Up $1.1 Billion

March 31, 2020 admin Comments Off on Keystone XL Oil Pipeline Gets Go-Ahead After Alberta Puts Up $1.1 Billion

(Bloomberg) — North America’s most infamous oil pipeline project just got a surprise $5.3 billion financial aid package from Alberta as the Canadian province fights to rescue its battered oil-sands industry.Keystone XL, which for years has faced court challenges and environmental opposition in the U.S., will get a $1.1 billion investment and a $4.2 billion loan guarantee from Alberta to help TC Energy Corp. build the line to the U.S. Gulf of Mexico. The Calgary-based pipeline giant said it will invest the remaining $2.7 billion.Once touted by Canada as a key step to turn the country into an energy superpower, …read more […]

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U.S.-Saudi oil alliance idea born at White House, put on back burner for now

March 31, 2020 admin Comments Off on U.S.-Saudi oil alliance idea born at White House, put on back burner for now

Top U.S. officials have for now put aside a proposal for an alliance with Saudi Arabia to manage the global oil market, according to three sources with knowledge of the matter, an idea one of them said came from White House national security advisers. A few weeks ago, proposals for Washington to work together with oil producers to curb supply to the global market would have been dismissed for violating U.S. antitrust laws. …read more […]

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Billionaire investor Steve Cohen: 'After an earthquake there are tremors'

March 31, 2020 admin Comments Off on Billionaire investor Steve Cohen: 'After an earthquake there are tremors'

Billionaire trader Steven A. Cohen is cautioning the staff of his investment firm, Point72 Asset Management, to remain cautious amid markets that have recovered slightly from coronavirus-driven lows. Cohen also wrote that his $16 billion firm’s returns are “essentially flat for the year,” a result that “speaks to how well our investment professionals have managed risk in such a challenging environment.” Point72 is best known for stock market investments, its core hedge fund strategy, although it also bets on other securities following a so-called macro style, which involves global wagers on lots of asset classes at once …read more […]