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UK-based pharmaceutical company AstraZeneca Plc (AZN) is reportedly interested in a potential merger with rival drugmaker Gilead Sciences Inc. (GILD) in what would be the biggest health-care deal on record.Bloomberg reported on Sunday that AstraZeneca informally contacted Gilead last month to show its interest in a possible deal. The pharmaceutical company didn’t specify terms for any transaction, which if successful would tie together two companies advancing the development of a vaccine against COVID-19.According to the report, Gilead has discussed a potential deal with advisers, but no decisions have been made on how to proceed and the companies aren’t in formal talks.AstraZeneca, valued at $140 billion, is the U.K.’s biggest drugmaker by market capitalization and has developed treatments from cancer to cardiovascular disease. On Thursday, the drugmaker said that it signed supply chain deals for the capacity to produce 2 billion doses of its potential coronavirus vaccine, which it is developing with...
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]...
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]...
In this article we will check out the progression of hedge fund sentiment towards Alaska Air Group, Inc. (NYSE:ALK) 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 […]...
Slack Technologies Inc (NYSE: WORK) reported a "phenomenal" earnings report, highlighted by strong growth in new customers, Slack CEO Stewart Butterfield said on CNBC's "Squawk Box."Strong TailwindMore than 90,000 people started using Slack in the first quarter, which represents a level growth that is greater than all of 2019, Butterfield said. The company also recorded 12,000 net new customers versus 5,000 in each of the prior two quarters quarter"We will realize the benefits of that over the next year and the year probably following," he said. "So there is a very strong tailwind."Unknown HeadwindDespite a clear tailwind, Slack also faces a headwind that's difficult to quantify. During the current difficult environment highlighted by bankruptcies and layoffs, the "pain" felt by Slack's customers "has an effect on our top line," he said.But we are certainly not on a "one-way path back to the dark ages" and when customers feel better, Slack will...
In this article you are going to find out whether hedge funds think Canadian Natural Resources Limited (NYSE:CNQ) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus […]...
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]...
