Month: March 2020

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Business News

Goldman Sachs slashes U.S. GDP estimate further

March 31, 2020 admin Comments Off on Goldman Sachs slashes U.S. GDP estimate further

Goldman Sachs said on Tuesday the second-quarter U.S. economic decline would be much greater than it had previously forecast and unemployment would be higher, citing anecdotal evidence and “sky-high jobless claims numbers” resulting from the coronavirus pandemic.

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Healthcare

CytoDyn (OTC: CYDY) Completes Non-dilutive $15 Million Convertible Note Financing with Conversion Rate at $4.50 Per Share without Warrants

March 31, 2020 admin Comments Off on CytoDyn (OTC: CYDY) Completes Non-dilutive $15 Million Convertible Note Financing with Conversion Rate at $4.50 Per Share without Warrants

VANCOUVER, Washington, Mar 31, 2020  — CytoDyn Inc. (OTC.QB: CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today that […]

Healthcare

FDA Clears CytoDyn’s (OTC: CYDY) Phase 2 Randomized Trial to Treat Mild-to-Moderately Ill Coronavirus Patients with Leronlimab; Enrollment to Begin Immediately

March 31, 2020 admin Comments Off on FDA Clears CytoDyn’s (OTC: CYDY) Phase 2 Randomized Trial to Treat Mild-to-Moderately Ill Coronavirus Patients with Leronlimab; Enrollment to Begin Immediately

VANCOUVER, Washington, March 31, 2020 — CytoDyn Inc. (OTC.QB: CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, announced today that the […]

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Trading Ideas

Judicial Ruling Guts Amarin (AMRN) Stock; What’s Next?

March 31, 2020 admin Comments Off on Judicial Ruling Guts Amarin (AMRN) Stock; What’s Next?

If after seeing Amarin (AMRN) stock tumble 35% over the past year, you consoled yourself with the knowledge that “at least it can’t get any worse” — surprise! It just got worse.On Monday, a judge for the United States District Court for the District of Nevada ruled against Amarin and in favor of two generic drug manufacturers seeking to produce drugs based on Amarin’s Vascepa hypertriglyceridemia treatment, invalidating six Amarin patents in the process. Of course, Amarin quickly promised to “vigorously pursue all available remedies, including an appeal of the Court’s decision and a preliminary injunction pending appeal to … …read more […]

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Trading Ideas

Marriott’s Latest Data Breach Impacts 5.2 Million Travelers

March 31, 2020 admin Comments Off on Marriott’s Latest Data Breach Impacts 5.2 Million Travelers

The world’s largest hotel company has another data breach on its hands. Marriott International notified about 5.2 million guests Tuesday that their information was compromised through an app used to provide services at hotels. From mid-January of this year through the end of February, “an unexpected amount of guest information” was accessed through two employees’ […] …read more […]

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Trading Ideas

3 Penny Stocks With Triple-Digit Upside Potential

March 31, 2020 admin Comments Off on 3 Penny Stocks With Triple-Digit Upside Potential

Buckle up, we’re in for a bumpy ride. The number of new coronavirus (COVID-19) cases continues to surge, and as such, the market’s volatility has persisted. Following up the drop on March 27, stocks started off the week by gaining on the lockdown extension in the U.S. While the movements in yesterday’s session were less extreme than we’ve become accustomed to seeing, it remains unclear when the market will hit bottom.Against this backdrop, it’s easy to understand why some investors have been sent running for the hills. However, thrill-seeking Wall Street observers see exciting opportunities as the market whipsaws. To …read more […]