Pharmaceuticals
Pharma stocks crater as investors brace for billions in heartburn drug litigation charges
Shares of GlaxoSmithKline, Sanofi and Haleon all sold off sharply this week, shedding tens of billions in market value, amid investor fear over potential U.S. litigation charges focused on popular heartburn drug Zantac. This has been a known issue bumbling in the background for years but investor concern exploded this week in the lead-up to […]
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Despite concerns, ESG strategies may become a crowded trade for impact investors – so Vanguard is taking a different track
It’s a fund looking to make money from green investing. The inclusive, actively managed Vanguard Baillie Gifford Global Positive Impact Stock Fund (VBPIX) is an environmental, social and governance product that bundles companies with positive, inclusive and sustainable intentions. “It’s really a fund that’s going to be investing in global equities looking to deliver long-term […]
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A new way to short Tesla: AXS Investments launches new single-stock ETFs
Investors have a new way to make bullish and bearish bets on large-cap stocks. AXS Investments launched eight of 18 approved single-stock leveraged ETFs this month. The funds aim to increase exposure of short-term single-stock investments. “They’re designed for active traders, traders that are looking to make tactical trading decisions on a daily basis,” the […]
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WHO to convene second emergency meeting to decide if monkeypox is a global health threat as cases rise to 9,200
Health officer uses a thermal head to detect a monkeypox virus on arriving passengers at Soekarno-Hatta International Airport in Tangerang near Jakarta, Indonesia on May 15, 2019. Jepayona Delita | Future Publishing | Getty Images The World Health Organization said Tuesday that it will convene a second emergency meeting next week to decide if monkeypox […]
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Perrigo unit asks FDA to approve first ever over-the-counter birth control pill
A pharmacist holds the compound PiDaNa of the company HRA Pharma in Hamburg, Germany. Daniel Reinhardt | Picture Alliance | Getty Images Perrigo Company said on Monday its unit HRA Pharma has asked the U.S. Food and Drug Administration to approve a daily birth control pill for over-the-counter sale, the first such request for this […]
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Lesions, headaches, debilitating pain: Gay men with monkeypox share their stories
Computer generated image of multiple monkeypox viruses. Uma Shankar Sharma | Moment | Getty Images Even as Covid-19 restrictions have loosened, for many gay men, an uninvited guest called monkeypox has threatened to spoil long-anticipated festivities. Of the 6,924 confirmed monkeypox cases in the global outbreak, the vast majority have occurred among gay, bisexual and other men […]
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We’re trimming a winner we still believe in to raise some cash and right-size our position
We do not want to be greedy like we were with our oil names. We do not want to make the same mistake twice. Source
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Moderna to build new vaccine facility in Britain
Jakub Porzycki | NurPhoto | Getty Images U.S. biotech firm Moderna will build a new research and manufacturing center in Britain to develop vaccines against new COVID-19 variants, other respiratory illnesses and help improve readiness for any future pandemics. The facility is expected to start producing shots in 2025 and Britain has made a commitment […]
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Florida is the only state that hasn’t ordered Covid vaccines for kids under 5
Parents walk their children on the first day of school, amid the coronavirus (COVID-19) pandemic, at West Tampa Elementary School in Tampa, Florida, U.S., August 10, 2021. Octavio Jones | Reuters Florida parents with kids under 5 years old may find themselves waiting longer than the rest of the country to get their youngest children vaccinated […]
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Goldman loves this ‘transformational’ sector — which is down over 50% in the past year
U.S. biotech is a hot pick for Goldman Sachs , which said the sector offers investors some “very attractive” entry points. Luke Barrs, head of fundamental equity, EMEA at Goldman Sachs Asset Management, told CNBC there is a “transformational change” happening in healthcare, particularly in genomic technology, a developing area of medicine that can personalize […]
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