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Canadian Blue-chip Industrial Forum
  • Here We Go Again: Apparently, it's just one of those years. We here in the Greater New Orleans Area now find ourselves "in the cone" for the 7th time this year. And while we more or less dodged bullets the first 6 times, it looks like this time Zeta is going to hit close enough to do damage. We can only hope it stays a relatively minor Cat 1 & weakens upon approach. But preparations are once again in order for those of us living along the central Gulf Coast. Members with family or other interests in the affected area are welcome to post on the new Hurricane Zeta Self-Help board we just set up. Good luck & stay safe! 
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Msg  68255 of 68434  at  9/30/2020 12:26:05 PM  by



Source: Thomson Reuters

  • Canada’s main stock index futures fell, as oil prices dipped on concerns over fuel demand
  • Wall Street futures, European and Japanese shares fell, after a chaotic first U.S. presidential debate and rising COVID-19 cases turned investors cautious
  • Gold slipped as the U.S. dollar benefited from caution that crept into financial markets
Source: Thomson Reuters

Caesars Entertainment Inc (CZR):
  • The U.S. casino operator agreed to buy British-based gambling group William Hill for $3.7 billion to expand in the fast-growing U.S. sports-betting market
  • The U.S. group, owner of Las Vegas's Caesars Palace, intends to sell William Hill's non-U.S. operations, including more than 1,400 UK betting shops, and said it would integrate the U.S. business into Caesars with few, if any, job losses
  • It could sell the UK assets to private equity group Apollo, sources told Reuters this week, and if that failed, launch an auction process
Pfizer Inc (PFE):
  • CStone Pharmaceuticals said a unit of Pfizer had agreed to buy a 9.9% stake for $200 million, as the Hong Kong-listed biopharmaceutical firm seeks to improve the commercialisation of its products
  • Pfizer Corporation had agreed to buy 115.93 million new shares of China-based CStone at HK$13.37 apiece, representing 43.8% premium over the closing price of HK$9.30 on Tuesday
  • CStone, which focuses on immuno-oncology medicines, said it had granted a Pfizer unit an exclusive licence to commercialise CS1001 in mainland China
Source: Thomson Reuters

Micron Technology Inc (MU):
  • The company has not yet obtained new licenses needed to sell its memory chips to China's Huawei Technologies, which will cut its sales over the next two quarters, company executives said on Tuesday
  • Micron said it had previously obtained licenses from the U.S. government to sell chips for mobile phones and servers from its factories outside the United States to Huawei, which has been the target of U.S. restrictions on chip sales since last year
  • Huawei accounted for about $600 million of Micron's $6.06 billion in sales for the fiscal fourth quarter, or just under 10%
  • Net income attributable to the company rose to $988 million, or 87 cents per share, in the last quarter, from $561 million, or 49 cents per share, a year earlier
  • Excluding items, Micron earned $1.08 per share, beating analysts' estimates of 99 cents
Source: Thomson Reuters

Alphabet Inc (GOOGL):
  • China is preparing to launch an antitrust probe into Google, looking into allegations it has leveraged the dominance of its Android mobile operating system to stifle competition, two people familiar with the matter said
  • The case was proposed by telecommunications equipment giant Huawei Technologies last year and has been submitted by the country's top market regulator to the State Council's antitrust committee for review, they added
  • A decision on whether to proceed with a formal investigation may come as soon as October and could be affected by the state of China's relationship with the United States, one of the people said
Boeing Co (BA):
  • Federal Aviation Administration (FAA) Chief Steve Dickson is due to conduct a two-hour evaluation flight at the controls of a 737 MAX, a key milestone for the jet to win approval to resume flying after two fatal crashes
  • Dickson, a former military and commercial pilot, and other FAA and Boeing pilots are due to take off around 9 a.m. PDT (1600 GMT) from King County International Airport - also known as Boeing Field - in the Seattle area and land around 11 a.m. (1800 GMT)
Regeneron Pharmaceuticals Inc (REGN):
  • The company on Tuesday said its experimental two-antibody cocktail reduced viral levels and improved symptoms in non-hospitalized COVID-19 patients, enhancing its chances of becoming a treatment for the disease that has killed over a million people worldwide
  • "We hope these data will support an EUA" (emergency use authorization) from the U.S. Food and Drug Administration, Regeneron Chief Scientific Officer George Yancopoulos said on a conference call
  • The FDA can authorize emergency use of a drug before completing its review for a formal approval
Walt Disney Co (DIS):
  • The company said on Tuesday it will lay off roughly 28,000 employees, mostly at its U.S. theme parks, where attendance has been crushed by the coronavirus pandemic, especially in California where Disneyland remains closed
  • About two-thirds of the laid-off employees will be part-time workers, the company said in a statement
  • "We have made the very difficult decision to begin the process of reducing our workforce at our Parks, Experiences and Products segment at all levels," Josh D'Amaro, chairman of the parks unit, said in a statement
Source: Bloomberg Finance L.P.
  • President Donald Trump and Democratic nominee Joe Biden hurled insults and repeatedly interrupted each other in their first debate Tuesday, sparring over topics that included the coronavirus, the economy and their families as moderator Chris Wallace tried mostly in vain to control the conversation
  • Walt Disney Co. made one of the deepest workforce reductions of the COVID-19 era after it announced yesterday it was firing 28,000 workers

Lundin Mining Corporation* (LUN: $7.06)
Northview Apartment Real Estate Investment Trust* (NVU.UT: $35.45)
WELL Health Technologies Corp.* (WELL: $7.11)

AngioDynamics, Inc.* (ANGO: $12.74)
Ascendis Pharma A/S Sponsored ADR* (ASND: $152.26)
Evolent Health Inc Class A* (EVH: $12.86)
Smith & Nephew PLC Sponsored ADR* (SNN: $38.34)
TransMedics Group, Inc.* (TMDX: $13.80)

Do you have a will? When was it last updated?

Canadian Banks

Jaguar Mining CFO on the hunt for value

Source: Bloomberg Finance L.P.
The US economy shrank by an annualized 31.4% in the second quarter of 2020

Source: Bloomberg Finance L.P.
Trump-Biden Debate Slips Into Chaos as Insults Drown Out Issues
“A gentle word, a kind look, a good-natured smile can work wonders and accomplish miracles.”

- William Hazlitt

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

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