UPDATE 2-FDA probes diabetes drug metformin for carcinogen NDMA

    5 Dec by Vitaliy Dadalyan Tags:

    UPDATE 2-FDA probes diabetes drug metformin for carcinogen NDMA

    The U.S. Food and Drug Administration is investigating whether the diabetes drug metformin had unsafe levels of a cancer-causing chemical and will recommend recalls as appropriate, the agency said on Thursday. The move is part of the agency's broader push to investigate a range of drugs for the presence of the carcinogen, known as N-nitrosodimethylamine (NDMA), with popular heartburn medication Zantac being recalled this year for fear it contained NDMA. Health Canada said in a separate statement that it was not aware of any metformin products in Canada containing NDMA above acceptable limits, but was working closely with international regulatory partners on its assessment of the issue....
    5 Dec by Vitaliy Dadalyan Tags:

    UPDATE 1-FDA probes diabetes drug metformin for carcinogen NDMA

    The U.S. Food and Drug Administration is investigating whether the diabetes drug metformin had unsafe levels of a cancer-causing chemical and will recommend recalls as appropriate, the agency said on Thursday. The move is part of the agency's broader push to investigate a range of drugs for the presence of the carcinogen, known as N-nitrosodimethylamine (NDMA), with popular heartburn medication Zantac being recalled this year for fear it contained NDMA. Metformin is a first-line medication for the treatment of type 2 diabetes....
    5 Dec by Vitaliy Dadalyan Tags:

    Oil Sputters After OPEC+ Fails to Nail Down New Output Target

    (Bloomberg) -- Oil sputtered near $58 a barrel as the OPEC+ coalition failed to pin down the details of an agreement to adjust its official output target even after six hours of talks in Vienna.Futures were little changed in New York after gyrating throughout the previous session. While the Organization of Petroleum Exporting Countries is nearing a deal to cut production targets by 500,000 barrels a day, ministers left the cartel’s headquarters on Thursday without cementing an agreement. Saudi Prince Abdulaziz bin Salman, in his first meeting as energy minister, left reporters with a promise of “beautiful news tomorrow.”Oil is still on track for the biggest weekly gain since September as shrinking U.S. crude stockpiles and signs of progress on a possible trade deal between Beijing and Washington added to the bullish tone. A reduction of 500,000 barrels a day by OPEC and its allies would largely be symbolic, simply formalizing...
    5 Dec by Vitaliy Dadalyan Tags:

    Tesla May Pop 50% If China, Cybertrucks Succeed, Analyst Says

    (Bloomberg) -- Tesla Inc. shares may rise to as much as $500 if its Cybertruck becomes a success and sales in China pick up pace, Morgan Stanley analyst Adam Jonas wrote in a note to clients on Thursday, boosting his bull case for the stock.The analyst raised his most optimistic scenario to $500 from $440 per share, saying it reflected $20 from the new pickup truck that was unveiled on Nov. 21 and $40 from incremental volume and profit in China.Jonas assumed the company will be able to sell 100,000 Cybertrucks by the end of 2024 at an average price of $50,000 and Ebitda margins of 20%.Since Elon Musk has said on Twitter that the truck currently has 250,000 pre-orders, Jonas’s assumption implies that roughly 40% of those would translate to an actual sale by 2024. “We believe this is a fairly optimistic assumption, given that a pre-order only requires a...
    5 Dec by Vitaliy Dadalyan Tags:

    How Nintendo Switch Black Friday Week Sales Compared In 2019

    Nintendo Ltd/ADR (OTC: NTDOY) had its best ever sales week for its Switch game consoles in the United States, selling 830,000 of them during the period that included Black Friday. The figures, according to a company statement, included the traditional Nintendo Switch, and the newer, cheaper Nintendo Switch Lite. Nintendo Switch was an immediate hit when it launched in the spring of 2017....