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☆ Bausch Health's decent quarter can't overcome headwind of ongoing patent dispute
▼ + stars: | 2023-11-02 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

But they aren't enough to overcome the headwind of the company's ongoing patent legislation. Good numbers, but they take a back seat to the legal battle over Bausch drug Xifaxan. Management didn't provide any update on timing for when the remaining 88% of BLCO that Bausch Health owns will be sold off. Management now expects companywide EBITDA in a range of $3.01 to $3.11 billion, versus an earlier range of $3.0 to $3.15 billion. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Bausch, Xifaxan, BCH's Bausch, companywide, Jim Cramer's, Jim Cramer, Jim, Timothy Fadek Organizations: Health, Revenue, Pharmaceuticals, Norwich Pharmaceuticals, D.C, Norwich, FDA, XIFAXAN, Management didn't, Bausch Health, Management, CNBC, International Pharmaceutical, Bloomberg, Getty Images Bloomberg, Getty Locations: New York, U.S, Interphex

☆ Weinstein group revises Sculptor bid after board's concerns -Bloomberg News
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

Boaz Weinstein, founder and chief investment officer at Saba Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 17, 2017. REUTERS/Richard Brian Acquire Licensing RightsSept 6 (Reuters) - Wall Street investor Boaz Weinstein and his group of bidders have revised their offer to buy hedge fund firm Sculptor Capital Management (SCU.N), Bloomberg News reported on Wednesday, citing people familiar with the matter. The group, called Bidder J, which includes Bill Ackman, Marc Lasry and Jeff Yass, as well as Weinstein, made the offer for Sculptor last month. Sculptor Capital Management and Weinstein's Saba Capital Management didn't immediately respond to Reuters requests for comment on Wednesday. Sculptor chose to stay with Rithm's $11.15 per share bid, saying the Bidder J offer had "significantly less certainty of closing."

Persons: Boaz Weinstein, Richard Brian Acquire, Bill Ackman, Marc Lasry, Jeff Yass, Weinstein, Dan Och, Rishabh, Sandra Maler, Leslie Adler Organizations: Saba Capital Management, REUTERS, Wall, Capital Management, Bloomberg, Sculptor Capital Management, Weinstein's Saba Capital Management, Rithm, Thomson Locations: Las Vegas , Nevada, U.S, New York, Bengaluru

☆ Constellation Brands vs. Molson Coors: Here's which beer maker is the clear winner to buy
▼ + stars: | 2023-05-31 | by ( Paulina Likos | ) www.cnbc.com time to read: +12 min

In a battle of beer makers, Molson Coors (TAP) has had the advantage lately over rival Constellation Brands (STZ). Molson Coors has a diverse portfolio of popular beer brands including Coors Light and Miller Lite as well as other summer favorites Blue Moon and Leinenkugel's. Shares of TAP have gained about 17% in 2023, driven by strong beer growth and strategic partnerships. TAP STZ YTD mountain Molson Coors vs. Constellation Brands YTD performance At Club holding Constellation, its core beer brands are Corona, Modelo and Pacifico. While Molson Coors is catching much of the Bud Light exodus, Constellation's popular beer brands will also be a beneficiary.

Persons: Molson, Molson Coors, Miller, Bud Light's, influencer, Bud Light, BUD, Jim Cramer, Roth, Jim, Bud, Roth MKM, STZ, Gerald Pascarelli, Seltzer, Pascarelli, it's, Filippo Falorni, Falorni, Filippo, Wedbush's, Edward Lewis, hasn't, Robert Sands, Bill Newlands, Sands, Newlands, Jim Cramer's Organizations: Molson Coors, TAP, Constellation Brands, Modelo, Coors, Miller Lite, Anheuser, Busch Inbev, Club, Constellation, Corona, Nielsen, Constellation's Modelo Especial, Molson, CNBC, Coca, Citi, Falorni, STZ, Cinco de, Getty Locations: Corona, Pacifico, STZ, North, North America, Cinco de Mayo, San Diego

☆ An overworked engineer says he's an example of men taking on too much because of their 'bigger egos.' It could be why so many of them are leaving the workforce.
▼ + stars: | 2023-03-21 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +6 min

He speculated a lot of men burned out at work because of a fear of seeking help. Garfield's move was similar to the "quiet quitting" phenomenon sweeping the workforce, in which employees do the work they're paid for and no more. For these men, jobs aren't just a source of income; they're a source of social status, Wu found, something that's especially true for white men and younger men. "I think too many men don't want to say they are overloaded or have too much on their plate," Garfield said. "I think men have bigger egos and don't want to look weak, and unfortunately, companies use this to their advantage."

☆ Zoom shares drop on light forecast as company faces 'heightened deal scrutiny'
▼ + stars: | 2022-11-21 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Zoom shares slumped more than 7% in extended trading on Monday after the video-chat company issued weaker-than-expected revenue guidance for its full fiscal year. Here's how the company did:Earnings: $1.07 per share, adjusted, vs. 84 cents per share as expected by analysts, according to Refinitiv. Revenue: $1.10 billion, vs. $1.10 billion as expected by analysts, according to Refinitiv. The company is seeing "heightened deal scrutiny for new business," CEO Eric Yuan said during the earnings call. Zoom lowered revenue guidance, mainly because of the strengthening U.S. dollar.

☆ Nvidia's quarter fails to excite but offers enough hope that October's bottom can hold
▼ + stars: | 2022-11-16 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

That said, encouragingly, the team expects Gaming inventory levels to approach normal levels as we enter calendar year 2023. Fourth quarter guidance was underwhelming, but it was encouraging to hear management say they expect to see sequential growth in Data Center, Gaming, and Automotive. Segment Q3 sales Data Center revenue grew 31% to $3.83 billion, a tad short versus the $3.84 billion consensus. Gaming revenue fell 51% to $1.57 billion, but it was better than expectations of $1.33 billion. Capital Allocation In its fiscal third quarter, Nvidia returned a total of $3.75 billion to shareholders via dividends and buybacks.

☆ A Twitter software engineer who created cartoons poking fun at his own company says he was fired because he's a 'troublemaker'
▼ + stars: | 2022-11-03 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

A Twitter software engineer said he was fired on Tuesday, just days after Elon Musk took control. Twitter HR last year asked him to take down cartoons he tweeted and published internally. Emmanuel Cornet, who is also known as Manu, joined Twitter last year as a software engineer after leaving Google, where he spent a decade poking fun at the company with his satirical cartoons. Cornet believed it was very unlikely that Twitter fired him for poor performance: "I hope those never come or remain minimal, but the 'poor performance' layoffs haven't started yet." The software engineer gave his cartoon to Elon Musk, to which the billionaire reportedly responded: "Well I bought it anyway."

☆ 4 of our stocks are in the news. Here's the Club's take on each development
▼ + stars: | 2022-11-03 | by ( Jeff Marks | ) www.cnbc.com time to read: +11 min

Four of our Club holdings — Costco Wholesale (COST), Amazon (AMZN), Humana (HUM) and Bausch Health (BHC) — were in the news Thursday. Bausch Health The news: Bausch Health reported third-quarter results before the opening bell Thursday. Given the latter's roughly $4.73 billion market capitalization, Bausch Health's stake is worth approximately $4.2 billion. The reason behind Bausch Health trading consistently below the valuation of its BLCO stake is debt. Secured debt means that Bausch Health has put up assets as collateral, meaning in the event of default the lenders take ownership of the collateralized assets.

☆ An Idaho potato farm threatened to fire foreign workers and deport them to Mexico if they didn't accept wages below the legal limit, the DOL says
▼ + stars: | 2022-02-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

An Idaho potato farm intentionally violated H-2A rules and underpaid guest workers, the DOL said. The farm even threatened to end their contracts if they didn't accept illegal wages, per the DOL. Jorgensen Management, a potato farm in Bancroft, southeast Idaho, gave workers nearly $160,000 in unpaid wages after a DOL investigation. But Jorgensen Management didn't pay guest workers for inbound transportation costs or meet housing safety and health standards, the DOL said. The farm also failed to pay the required rates to 69 domestic workers hired alongside H-2A visa workers, per the DOL.

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