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Investing.com – U.K Prime Minister Boris Johnson's hopes of getting his Brexit deal fast-tracked through parliament were dealt a blow after the government was defeated in a vote on the timetable for Brexit, although the government had earlier won a first vote on the deal legistlation to progress....
The government on Tuesday awarded a license to operate Brazil's Lotex instant lottery for a total aggregate amount of 818 million reais ($200 million), organizers of the bidding said. Shareholders will pay 17% of total lottery revenue to the Brazilian government. IGT's director in Brazil, Roberto Quattrini, said the potential for expansion of revenue of the instant lottery is big in Brazil, compared with the sales in Europe....
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously......
Novartis sales data on Tuesday suggested the Swiss drugmaker is reaping less than the $2.1 million U.S. list price for its gene therapy Zolgensma, as insurers may be getting breaks on the world's most-expensive one-time treatment. The spinal muscular atrophy (SMA) treatment, approved by the U.S. Food and Drug Administration in May, has reaped $175 million in revenue this year, including $160 million in the third quarter. On a call following third-quarter results, Chief Executive Vas Narasimhan said roughly 100 patients have been treated under the paid program....
(Bloomberg Opinion) -- United Parcel Service Inc. is offering everything to investors that FedEx Corp. isn’t, and that’s still seemingly not enough.The package-delivery company on Tuesday reported better-than-expected third-quarter earnings and maintained its full-year profit outlook. That’s a sharp contrast to FedEx’s bruising guidance cut just over a month ago, which the company blamed on a weakening global economy, and analysts blamed on idiosyncratic foot faults. UPS is trimming its capital expenditure budget by $500 million this year and next year, which will help boost its 2019 free cash flow to more than $4 billion. FedEx, meanwhile, is on track to burn cash in fiscal 2020 and Moody’s Investors Service Inc. recently lowered its outlook for the company’s credit rating. Management’s decision to nevertheless leave its $5.9 billion spending budget intact has left investors scratching their heads — particularly because the billions it has spent so far don’t appear to be yielding results.UPS on Tuesday reported...
Biogen is up on news its submitting to the Food and Drug Administration an experimental Alzheimer's drug. Yahoo Finance’s Dan Roberts, Anjalee Khemlani and Scott Gamm discuss on YFi AM....
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility......
