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Msg  67938 of 68234  at  8/12/2020 1:12:28 PM  by



Source: Thomson Reuters

  • Canadian main stock index's futures gained, supported by oil prices that rose on a bigger-than-expected drop in U.S. crude inventories
  • U.S. stock index futures rose, even as investors remained on edge due to a stalemate over the next coronavirus federal aid bill
  • European shares gained, boosted by telecom stocks following Liberty Global's takeover offer for Sunrise
  • Japan’s Nikkei edged higher as some investors bought shares of major exporters on the back of a weaker yen
  • The U.S. dollar index slipped, while spot gold rebounded in volatile trade
Source: Thomson Reuters

Liberty Global PLC (LBTYA):
  • The company plans to take over Switzerland's Sunrise Communications in a surprise $7.4 billion deal announced by the companies
  • The agreed deal reverses Sunrise's failed bid to buy Liberty's Swiss business last year and marks a strategic reversal by the U.S. company which has been divesting European assets
  • The all-cash $7.43 billion deal will see Liberty Global, set up by U.S. cable pioneer John Malone, pay 110 francs per share for Switzerland's No. 2 telecoms company, a 32% premium to the company's average share price over the past 60 days
  • "It's a fair valuation," Freenet CEO Christoph Vilanek told Reuters. "We believe that a merger on sensible terms makes sense."
Source: Thomson Reuters

Chevron Corp (CVX):
  • The company's $5 billion offer to acquire Noble Energy emerged after the U.S. oil major first proposed taking a stake of at least 50% in Noble's Eastern Mediterranean natural-gas fields, a proxy filing on Tuesday showed
  • If consummated, the all-stock merger will boost Chevron's U.S. shale oil holdings and give it vast natural gas assets off the coast of Israel
  • Noble's Leviathan, one of the world's biggest offshore gas discoveries of the last decade, already is supplying gas to Israel, Egypt and Jordan
Eastman Kodak Co (KODK):
  • The company increased spending on lobbying the U.S. government in the months before the Trump administration announced a $765 million loan to the photographic equipment maker, public disclosures filed with the Congress show
  • The company spent $870,000 as "expense relating to lobbying activities" from April through June, according to the lobbying disclosures
  • Kodak had previously not spent any money on lobbying since an expense of less than $5,000 in the first quarter of 2019
Moderna Inc (MRNA):
  • The United States has entered an agreement with drugmaker Moderna to acquire 100 million doses of its potential COVID-19 vaccine for around $1.5 billion, the company and White House said on Tuesday
  • Moderna's price per dose comes to around $30.50 per person for a two dose regimen
  • With the exception of its deal with AstraZeneca, which offered a lower price per drug in exchange for upfront research and development costs, all the deals price COVID-19 vaccines between $20 to $42 for a two dose course of treatment
Vir Biotechnology Inc (VIR):
  • The company said on Tuesday it plans to start a mid-to-late stage trial of its COVID-19 drug candidate in August, as drugmakers across the globe rush to find treatments for the highly infectious virus
  • The company's therapy candidate, VIR-7831, is a monoclonal antibody that binds itself to the SARS-CoV-2 live virus and neutralizes it
  • Vir Biotech expects initial clinical data from the study to be available before the end of 2020
Source: Bloomberg Finance L.P.
  • U.S. stocks turned sharply lower before the close yesterday after Senate Majority Leader Mitch McConnell said stimulus talks are at a stalemate
  • The comments damaged expectations among investors that a compromise would eventually be reached on a new – desperately needed – package
  • In other news, Democratic presidential nominee Joe Biden picked Senator Kamala Harris to be his running mate for November's election

Air Canada* (AC: $16.69)
Argonaut Gold Inc.* (AR: $2.67)
AYR Strategies Inc* (AYR.A: $13.61)
Columbia Care, Inc.* (CCHW: $4.61)
Calian Group Ltd.* (CGY: $59.31)
Equinox Gold Corp.* (EQX: $15.53)
Optiva Inc.* (OPT: $54.50)
WELL Health Technologies Corp.* (WELL: $4.31)

Homology Medicines, Inc.* (FIXX: $11.09)
Galmed Pharmaceuticals Ltd.* (GLMD: $4.46)
Intercept Pharmaceuticals, Inc.* (ICPT: $52.58)
Madrigal Pharmaceuticals, Inc.* (MDGL: $104.06)
Rada Electronic Industries Ltd.* (RADA: $7.05)

When was the last time you reviewed your Financial Plan?

Biomedical Devices and Services

Insiders buy as GR Silver Mining stock shines after drilling results

Source: Bloomberg Finance L.P.
U.S. consumer prices rose by 0.6% for the second consecutive month in July 2020

Source: Bloomberg Finance L.P.
Even Wall Street’s Biggest Bonuses Will Disappoint This Year
“If you're not making mistakes, then you're not doing anything. I'm positive that a doer makes mistakes.”

- John Wooden

Source: FactSet
*All numbers presented on the table below is based on total return

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