Month: July 2020

Gold markets formed a neutral candlestick for the week, after briefly breaking through the $1800 barrier. …read more […]

Every investor in Mylan, Inc. (NASDAQ:MYL) should be aware of the most powerful shareholder groups. Insiders often own… …read more […]

The big shareholder groups in Avid Bioservices, Inc. (NASDAQ:CDMO) have power over the company. Insiders often own a… …read more […]

(Bloomberg) — Shares of Ballard Power Systems Inc. rallied to a 17-year high after the company announced a $7.7 million order from China.The Vancouver-based hydrogen fuel-cell maker jumped as much as 8.3% to its highest since December 2002 after the receiving a purchase contract from Guangdong Synergy Ballard Hydrogen Power Co., a 10%-owned joint venture located in China.The company’s technology currently powers over 650 electric buses and more than 2,200 electric trucks in China, according to Alfred Wong, managing director at Ballard.“This follow-on order from the Synergy-Ballard joint venture is an important indicator of the continued progress and market demand …read more […]

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Every investor in Agenus Inc. (NASDAQ:AGEN) should be aware of the most powerful shareholder groups. Institutions will… …read more […]

Tesla Inc’s (NASDAQ: TSLA) Cybertruck was recently on display at the Petersen Automotive Museum in Los Angeles, California. Anyone that wanted to see the Cybertruck up close in person could purchase tickets to the museum. The tickets sold out shortly after the event was scheduled, so the event was extended to allow more people to see the truck.This is reminiscent of the early days of Model 3 events, where lines would wrap around buildings for people to get five minutes to sit in the car.> Sure, we will aim to do a cross-country drive with Cybertruck later this year> > …read more […]

The European Commission said on Friday it had given conditional approval for the use of antiviral remdesivir in severe COVID-19 patients following an accelerated review process, making it the region’s first therapy to be authorised to treat the virus. The move comes just a week after the European Medicines Agency (EMA) gave its go-ahead for the drug produced by Gilead Sciences to be use in adults and adolescents from 12 years of age who are also suffering from pneumonia and require oxygen support. It also comes just days after the company allocated nearly all of its supply of …read more […]

The Accolade IPO was filed back in February. But it wasn’t until July the company went public. After a wave of healthcare IPOs, investors are wondering if Accolade stock is a good buy.
But is it a good investment? Here’s what we know…
Accolade IPO: The Business

Accolade provides personalized solutions to help people understand and use both the healthcare system and their workplace benefits. The company’s biggest customers are employers. Employers subscribe to Accolade to provide employees and families with a place to go to for help.
The platform combines cloud-based technology with support from a team of Accolade Health Assistants and clinicians. …read more […]

(Bloomberg) — In late 2018, as Deutsche Bank AG executives mulled the future of their troubled lender, Chairman Paul Achleitner encouraged them to emulate a payments firm that had become a wunderkind of German finance: Wirecard AG.The two companies were already close. Deutsche Bank was a key lender to Wirecard and its chief executive officer, Markus Braun, who also sat on one of its regional advisory boards. Andreas Loetscher, an Ernst & Young partner who had overseen several audits of Wirecard’s results, had recently joined Deutsche Bank as chief accounting officer. DWS, the bank’s asset-management unit, was a shareholder.Yet behind …read more […]

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We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly… …read more […]

(Bloomberg Opinion) — Deutsche Bank AG is lining up to buy a piece of history — a remnant of scandal-ridden Wirecard AG. It’s not the only one sniffing around. But however many expressions of interest there may be, and however credible the buyers, the proceeds from selling off even the best assets of the German payments company will be tiny relative to the losses incurred.When Wirecard was a stock market darling, investors weren’t piling into the shares because of its Wirecard Bank subsidiary, the piece that potentially interests Deutsche Bank. The lending arm was a sideshow as the rest of …read more […]

Even when a business is losing money, it’s possible for shareholders to make money if they buy a good business at the… …read more […]

(Bloomberg) — Zoom, one of the few success stories of the Covid-19 pandemic, now faces a new competitor in an app backed by Asia’s wealthiest person Mukesh Ambani.Ambani’s Reliance Industries Ltd., which has scored billions of dollars of investments from Facebook Inc. to Intel Corp. for its digital businesses, has launched the JioMeet video conferencing app after beta testing. The app has already garnered more than 100,000 downloads on the Google Play Store after becoming available Thursday evening.Like Google Meet, Microsoft Teams and other services, JioMeet offers unlimited high-definition calls — but unlike Zoom, it doesn’t impose a 40-minute time …read more […]