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The Father of Free Markets Is Not Who You Think

Editor’s Note: If you’ve kept up with your Investment U emails over the past few days, you’re aware that big changes are coming to your subscription.

But that’s really all I’ve told you. (And if you haven’t opened your emails lately, now’s a great time to do a quick skim!)

I promise to provide more details next week after Memorial Day. But for now, are you ready for a little game of Clue?

Pay close attention to the themes in today’s article by Nicholas.

Two key words should stand out… and will summarize our evolving brand and mission.

Can you guess which they are? Leave …read more […]

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3 Top Biosimilars that Will Lift Pfizer Inc. Stock Even More

A month ago, Pfizer Inc. (NYSE:PFE) felt the sting of a somewhat surprising disappointment. Its biosimilar version of Herceptin, the popular breast cancer drug from Roche Holding AG (OTCMKTS:RHHBY), was rejected by the FDA.Biosimilar drugs are nearly-identical copies of a competitor’s product. It was a blow not just because Herceptin generated sales of more than $7 billion last year, but because it put the viability of Pfizer’s entire biosimilar program into question. …read more […]

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U.S. launches auto import probe, China says will defend interests

The Trump administration has launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March. The national security probe under Section 232 of the Trade Expansion Act of 1962 would investigate whether vehicle and parts imports were threatening the industry’s health and ability to research and develop new, advanced technologies, the Commerce Department said on Wednesday. Higher tariffs could be particularly painful for Asian automakers including Toyota Motor Corp , Nissan Motor Co , Honda Motor Co and Hyundai Motor …read more […]

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NKorea hits Pence ‘stupid’ remarks, threatens to quit summit

North Korea has renewed its threat to pull out of a summit next month with President Donald Trump, saying it is just as ready to meet in a nuclear confrontation as at the negotiating table. Pyongyang’s latest salvo follows recent comments by U.S. Vice President Mike Pence suggesting the North may end up like Libya if it doesn’t move forward with denuclearization. Choe Son Hui, the vice minister of foreign affairs, was quoted Thursday by the North’s state-run news agency slamming as “ignorant” and “stupid” comments Pence made in an interview with Fox News that compared North Korea …read more […]

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Hawaii volcano generates blue flames from burning methane

Blue flames from burning methane are the latest natural phenomena being seen at the eruption of the Kilauea volcano in Hawaii. Nighttime photos released Wednesday by the U.S. Geological Survey show the flames spouting from cracks in the pavement in the Leilani Estates neighborhood where the volcano has been gushing lava on the big island of Hawaii for the past three weeks. The volcano produces methane when hot lava buries and burns plants and trees. …read more […]

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Alibaba’s Tiny Loss-Making Unit Suddenly Soars 70%

A stock that until last week wasn’t covered by a single analyst has rallied 70 percent since May 16 for no apparent reason, at one point generating more turnover than some of Hong Kong’s biggest companies. The sudden gains have made Alibaba Health Information Technology Ltd. — a subsidiary of Chinese megacap Alibaba Group Holding Ltd. — easily the best performing stock on the MSCI Asia Pacific Index this month. Some $135 million worth of shares exchanged hands on May 17, making it the fifth-most traded stock in Hong Kong and surpassing giants including HSBC Holdings Plc, PetroChina …read more […]

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Stylist: Man with Vegas gunman’s name talked concert attack

A hairstylist said a client with the same last name as the Las Vegas shooter spoke in the months before the deadliest mass shooting in modern U.S. history about a concert venue being susceptible to attack, according to documents released by police Wednesday. Las Vegas police released about 2,100 pages of police reports, witness statements and dispatch records after losing court battles to keep them secret. …read more […]

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Trump may impose tariffs on car imports in latest trade move: sources

The Trump administration is considering a proposal to impose new tariffs on imported vehicles, invoking a national security law used to impose tariffs on aluminum and steel, an administration official and three industry officials briefed on the matter said. Another administration official said the move was aimed partly at pressuring Canada and Mexico to make concessions in talks to update the North American Free Trade Agreement that have languished in part over auto provisions, as well as pressuring Japan and the European Union, which also export large numbers of vehicles to the United States. …read more […]

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AP source: Jared Kushner granted security clearance

President Donald Trump’s son-in-law, Jared Kushner, has been granted a security clearance after a lengthy background check, a move that ensures the key White House adviser with a broad international portfolio can have access to some of the country’s most closely held secrets. Kushner, who serves as a senior adviser on the Middle East and other issues, was among many White House advisers who had been operating without approval for full security clearances. …read more […]

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Seething over Russia probe, Trump tears into ‘spygate’

President Donald Trump has branded his latest attempt to discredit the special counsel’s Russia investigation as “spygate,” part of a newly invigorated strategy embraced by his Republican colleagues to raise suspicions about the probe that has dogged his presidency almost since the start. Trump now is zeroing in on — and at times embellishing — reports that a longtime U.S. government informant approached members of his 2016 campaign during the presidential election in a possible bid to glean intelligence on Russian efforts to sway the election. Trump’s latest broadsides set the stage for an unusual decision by the …read more […]