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In this article we will check out the progression of hedge fund sentiment towards Sorrentto Therapeutics Inc (NASDAQ:SRNE) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […]...
(Bloomberg Opinion) -- Malls have been falling out of favor with Americans for years. But the calculus surrounding which have the best chances of surviving and which are destined for decline was flipped on its head by the coronavirus pandemic. That helps explain the news on Wednesday that mall giant Simon Property Group Inc. wants to call off its planned purchase of Taubman Centers Inc.A portfolio of higher-end malls in urban areas that cater to domestic and international tourism was one reason Simon agreed to pay a 70% premium for rival Taubman in February. Those same outposts are now a liability as the pandemic turns consumers off from crowded indoor venues and grinds travel to a halt. And that may give Simon the argument it needs to successfully walk away from the merger. Simon said Wednesday it’s seeking to terminate the $3.6 billion deal, arguing that Taubman had experienced a “material adverse event” amid the pandemic and had breached its...
The government is stepping up its efforts to fund vaccine studies and production for at least three of five frontrunner candidates — something that Dr. Anthony Fauci told Yahoo Finance will be worth its weight in gold in the long run....
Yahoo Finance’s Ines Ferre joins Zack Guzman to discuss the IPO class of 2020 and how the coronavirus could impact other companies looking to go public....
Data engineering and analytics company Cloudera Inc (NYSE: CLDR) surged about 19% on Tuesday following reports of the enterprise software company exploring strategic options.The Cloudera Analysts: Morgan Stanley analyst Sanjit Singh has an Overweight rating and $15 price target for Cloudera.Wells Fargo Securities analyst Philip Winslow has an Equal-Weight rating and $11 price target.Needham analyst Jack Andrews has a Hold rating.Sale Rumors Come Amid Recovery: The sale rumors come after Cloudera has seen three consecutive quarters of business stabilization following Hortonworks integration, Singh said. The company also has an updated product roadmap with the Cloudera Data Platform, or CDP.The analyst sees opportunities to sustain ARR growth, with the management committing to improving margins and cash flow.The fundamental story is undervalued, in light of the 18% drop in shares following last week's quarterly results that showed better-than-expected subscription revenue and operating margins, Singh said.The analyst noted that Robert Bearden, who was appointed...
Marcum Bernstein & Pinchuk Co-Chair Drew Bernstein joins Yahoo Finance’s Zack Guzman to discuss his IPO outlook for 2020....
Quill Intelligence LLC CEO and Director of Intelligence Danielle DiMartino Booth joins Yahoo Finance’s Zack Guzman to break down what investors should expect from the upcoming FOMC decision....
