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Pfizer’s biosimilar of Amgen, J&J’s anemia treatments gets FDA nod

Pfizer Inc’s Retacrit was approved by U.S. health regulators as a biosimilar to current anemia treatments from Amgen Inc and Johnson & Johnson on Tuesday, setting it up to compete against more established brands. A year ago the U.S. Food and Drug Administration rejected Retacrit as a copy of Amgen’s Epogen and Johnson & Johnson’s Procrit, citing https://investors.pfizer.com/investor-news/press-release-details/2017/Pfizer-Provides-Update-on-Proposed-Epoetin-Alfa-Biosimilar/default.aspx issues with a potential manufacturing facility in Kansas. …read more […]

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As lava destroys Hawaii homes, owners ask: Am I covered?

Patricia Deter moved from Oregon to Hawaii to be closer to her two daughters, but the Kilauea volcano burned down her home only a month after she bought it. Now Deter and others who have recently lost homes to the lava-spewing mountain are on an urgent quest for answers about insurance, desperate to learn whether their coverage will offer any help after molten rock wiped out most of what they owned. The eruption has destroyed about two dozen homes in the Leilani Estates subdivision on the Big Island. …read more […]

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Tax Changes Force Cash-Hoarding Companies to Sell Bonds

Cash-rich companies that had been some of the biggest buyers of corporate bonds have started selling their holdings after tax law changes, according to Bank of America Corp. strategists. Companies like Apple Inc. reduced their corporate bond portfolios by more than 10 percent to $306.4 billion in the three months ended March 31, the lowest level in more than a year, after buying around $10 billion of the bonds on average every quarter. About half of that decline came from selling, and the other half from securities maturing, strategists led by Hans Mikkelsen wrote. …read more […]

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Bet on This All-American Investment Strategy

A friend of mine recently asked me over a couple pints of beer at my local pub, “So what’s your favorite book on investing, Nick?”

It was a simple question.

But I couldn’t help but give him a complicated answer.

A hardcore value investor might cite Warren Buffett’s favorite book, The Intelligent Investor, by Buffett’s mentor Benjamin Graham.

Fans of George Soros would recommend his classic, The Alchemy of Finance.

And Edwin LeFèvre’s Reminiscences of a Stock Operator may be the most popular book among pure speculators.

But for me… it’s hard to recommend a single book above all others.

That’s because I don’t believe that any …read more […]

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Taro Stock Price and Research (NYSE: TARO)

Taro (NYSE: TARO) is a mid cap company that operates within the pharmaceuticals industry. Its market cap is $5 billion today and the total one-year return is -3.01% for shareholders.

Taro stock is underperforming the market. It’s beaten down, but it reports earnings soon. So is it a good time to buy? To answer this question we’ve turned to the Investment U Stock Grader. Our research team built this system to diagnose the financial health of a company.

Our system looks at six key metrics…

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✗ Earnings-per-Share (EPS) Growth: Taro reported a recent EPS growth rate of -86.85%. That’s below the pharmaceuticals …read more […]

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Facebook is slipping after announcing it disabled more 583 million fake accounts (FB)

Facebook shares slid as much as 2% Tuesday morning after it announced it had disabled 583 million fake accounts over the last three months. The 583 million disabled accounts is down from the 694 million accounts Facebook disabled in the fourth-quarter of 2016. Facebook also recently published a community standards report, finally releasing the full internal guidelines its content moderators use to police the social network. Facebook had 2.2 billion monthly active users in the first-quarter of 2018, according to its latest earnings press release. …read more […]

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A pilot for Sichuan Airlines was partially sucked out of a plane after the front windshield broke

No passengers were hurt, but the pilot who was partially sucked out of the plane had scratches and a wrist sprain. A co-pilot for Sichuan Airlines flight 3U8633 was partially sucked out of a plane on Monday after one of the front windshields busted open, according to Chinese media reports. …read more […]

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Putin opens bridge linking southern Russia with Crimea

Russian President Vladimir Putin drove a large construction truck Tuesday to road test the much-anticipated bridge linking southern Russia and the Crimean peninsula that Russia annexed from Ukraine in 2014. The 19-kilometer (11.8-mile) bridge, which took two years to build and cost $3.6 billion is Putin’s project to show that Crimea has joined Russia for good. Transportation links to Crimea deteriorated after both the Ukrainian and Russian militaries set up checkpoints into the peninsula and trains crossing the Ukrainian mainland were canceled. …read more […]

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Tim Cook finally reveals what he and President Trump talked about behind closed doors last month (AAPL)

Apple CEO Tim Cook talked about his closed-door meeting with President Trump in April in a new interview with Bloomberg. Cook said he told Trump his policies were “not the right approach to trade” and he showed him “some more analytical kind of things” to demonstrate why he was wrong. Apple CEO Tim Cook has broken his silence on what he and President Donald Trump talked about during a meeting in April. …read more […]