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☆ Washington and Seoul discussing new deal on cost sharing for US troops in South Korea ahead of a potential Trump election victory
▼ + stars: | 2024-09-16 | by ( Kylie Atwood | ) edition.cnn.com time to read: +4 min

The negotiations over the Special Measures Agreement, known as the SMA, strained the US-South Korea alliance during the Trump administration. Former President Donald Trump demanded Seoul pay up to 400% more for the presence of the 28,500 US troops in the country during negotiations over the current agreement. Under the current agreement, South Korea pays about $1 billion annually, representing an increase of about 13.9% over previous SMAs. Earlier this year, Trump said that he did not think the South Korea is paying enough based on the last agreement. One complication is that a deal will have to be approved by South Korea’s national assembly — which is dominated by the opposition party to South Korean President Yoon Suk Yeol.

Persons: —, Trump, Donald Trump, Kim Jong Un’s, Joe Biden, ” Trump, Yoon Suk, “, ”, David Maxwell Organizations: CNN, Seoul, South, State Department, ROK, South Korean Ministry of Foreign, Biden, Defense Department, Biden Administration, US, Foundation for Defense of Democracies, Trump Locations: Washington, Seoul, South Korea, North Korea, Korea

☆ A trade that wins if the drop in Chipotle after CEO jumps to Starbucks is overdone
▼ + stars: | 2024-08-13 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Chipotle Mexican Grill (CMG) shares are getting wrecked after its CEO Brian Niccol left to try and turn around Starbucks. With a positive outlook on CMG, I see this pre-market drop as an opportunity to invest in a company that seems almost recession-proof. The trade To initiate a bullish position on CMG, I plan to use a strategy known as a "bull call spread." This trade was written assuming Chipotle was trading around $51 a share. If CMG trades at or above the short strike by the expiration date, this trade could yield a return of 100% on the amount risked.

Persons: Brian Niccol, let's, Chipotle Organizations: Grill, CNBC, NBC UNIVERSAL Locations: Chipotle

☆ Three Rings, Two College Students and One Big Risk
▼ + stars: | 2024-08-09 | by ( Kaitlin Menza | ) www.nytimes.com time to read: 1 min

Meeting someone from a dating app no longer seems like the perilous concept it once did — for most people. The risk assessment was different for Arya Channeng Singh, who was born with spinal muscular atrophy, or SMA, a neuromuscular disorder that affects motor neurons and, in her case, requires the use of a wheelchair. Ms. Singh, 24, connected with Logan Alexander Mundy, 25, on Hinge right before Christmas in 2020, when both were on winter break from their undergraduate studies. She was then a junior at Yale pursuing a degree in the history of science, medicine and public health, while he was a sophomore at Princeton studying politics. With pandemic safety in mind, Mr. Mundy suggested they meet for an outdoor date in the botanical gardens of Rutgers University, a midpoint between Ms. Singh’s family home in New York City and his in Howell, N.J.

Persons: Arya Channeng Singh, Singh, Logan Alexander Mundy, Mundy, Singh’s Organizations: Yale, Princeton, Rutgers University Locations: New York City, Howell , N.J

☆ What it’s like to be a ‘glass child’
▼ + stars: | 2024-04-23 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +11 min

Meneses Maples refers to herself as an adult “glass child,” the sibling of a person with a mental or physical disability. How does a glass child disappear? It is important not to assume what the needs of a glass child are, said Missud, the New York psychotherapist. More than a decade after her TEDx presentation, Meneses Maples receives messages from parents of glass children seeking her advice. Meneses Maples said she hopes to inspire research on glass children by spreading the word through presentations and workshops.

Persons: Alicia Meneses Maples, David, Mario, Meneses Maples, didn’t, “, ” Meneses Maples, Antonio TEDx, Debbie Missud, Emily Holl, Missud, ” Holl, ‘, Holl, David couldn’t, Mario didn’t, ”, Shelley Cook, Laura Oliverio, Cook, Andrea, ” Cook, Cook didn’t, Shelley Cook “, Al Freedman, Freedman, Jack, Cara, Jack didn’t, ” Freedman, wasn’t, Alicia, Mario Meneses, Alicia Meneses Maples Meneses Maples, ‘ Alicia, ’ ” Meneses Maples, ’ ”, … Organizations: CNN, Hulu’s, Suncoast, Disney, Cure SMA Locations: Chicago, Antonio, New York City, Glenwood Springs , Colorado, York

☆ An old hedge-fund strategy is taking off again. Why hedge funds from multi-strats to new launches are ramping up their alpha capture efforts.
▼ + stars: | 2024-03-07 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

Alpha capture strategies take inputs from sources like human traders, market data, sell-side research, and more and then use a systematic process to create a portfolio that is efficiently sized and hedged. CenterBook uses trading data from dozens of external firms to create its portfolios, while Norias will create its book off the ideas of its fundamental analysts. Meanwhile, Man Group is building out an alpha capture team within its AHL unit's special strategies team, a recent job posting states, and Squarepoint is doubling its team, finding external managers for its buy-side alpha capture program. "It is a way for them to increase their capacity and take in more assets," said Kevin Lyons, senior investment manager at Abrdn, about the largest platforms growing their internal alpha capture capabilities. AdvertisementThe alpha capture OGIt can all be tied back to the success of the original mainstream alpha capture strategy: Marshall Wace's TOPS, which stands for Trade Optimized Portfolio System.

Persons: —, Marshall Wace, Doug Haynes, Norias, Basil Qunibi, Squarepoint quant Warren Touwen, Merrill Lynch, Squarepoint, Touwen, Kevin Lyons, Marshall, Anthony Clarke, Cameron Hight, Hight, it's, headhunter Organizations: Service, Business, CenterBook Partners, Research, Investors, AHL, TOPS Locations: Austin, Abrdn, London

☆ I'm in a wheelchair, and my wife is able-bodied. We have a satisfying sex life, and our relationship is equal.
▼ + stars: | 2024-02-27 | by ( Kelly Burch | ) www.businessinsider.com time to read: +4 min

Living with a disability isn't awfulMany people think living with a disability is a fate worse than death. And yet, while I have challenges, I also have a pretty great life, that's typical in a lot of ways. Yes, Hannah does most of the physical upkeep of my life (although I can help move heavy boxes better than you'd think). Caregiving builds intimacyA lot of people think Hannah's life revolves around caring for me 24/7. Our relationship looks different to what people are used to, so people feel entitled to comment on it.

Persons: Shane, Hannah Burcaw, Hannah, haven't, we've, we're, That's, caregiving Organizations: Service, Business, YouTube, SMA Locations: Pennsylvania, Minnesota

☆ A bearish bet on the S&P 500 for investors that don't believe in this comeback
▼ + stars: | 2023-11-07 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

However, last week's mind-boggling rally following the Federal Reserve's decision to forgo another rate hike caught many investors by surprise. The trade structure I am going to use here is called a “bear put spread” also known as a “put debit spread”. All I need is for SPY to drop by $1 by expiration date for this trade to double my money. THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: ” Organizations: Bulls, Federal, Trust

☆ Royalty Pharma to pay $1 bln for Roche's SMA drug royalties
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland February 1, 2018. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsOct 19 (Reuters) - Royalty Pharma (RPRX.O) said on Thursday it has purchased additional royalties on Roche (ROG.S) and PTC Therapeutics' (PTCT.O) oral spinal muscular atrophy (SMA) drug for an upfront payment of $1 billion. Spinal muscular atrophy, a leading genetic cause of infant deaths, prevents the body from producing a protein necessary for neuromuscular development. The deal also includes options for PTC to sell up to all of its retained royalties on Evrysdi for up to $500 million at a later date, Royalty Pharma said. Royalty Pharma expects to fund the transaction with a combination of existing cash and about $350 million from its revolving credit facility.

Persons: drugmaker Roche, Arnd, Roche, Mariam Sunny, Shilpi Majumdar Organizations: REUTERS, Royalty Pharma, PTC Therapeutics, U.S . Food, Drug Administration, PTC, Thomson Locations: Basel, Switzerland, Bengaluru

☆ How to use technical analysis on a stock to help inform buy and sell decisions
▼ + stars: | 2023-10-01 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

I was wondering if you could help us average investors interpret technical analysis versus fundamentals when they do not align. Technical analysts focus on stock charts — looking at momentum, relative strength indicators, volatility, and other indicators that are often referred to as the "technical setup." All this leads us to the question of what to do when the technical setup and fundamental setup don't align. As noted, we will buy a stock when our positive fundamental view is in contrast with a negative technical setup, but we would never buy a stock on which we have a negative fundamental view regardless of the technical setup. I was wondering if you could help us average investors interpret technical analysis versus fundamentals when they do not align.

Persons: Jim Cramer, Mark, —, Jim Organizations: Oracle, Club, CNBC Locations: Florida, —

☆ Gold retreats as growth risks drive safe-haven bids to U.S. dollar
▼ + stars: | 2023-09-05 | by ( ) www.cnbc.com time to read: +2 min

Gold slipped to a one-week low on Tuesday on rising bond yields and as investors opted for the U.S. dollar to hedge against global growth concerns. Spot gold declined 0.6% to $1,926.49 per ounce. Jitters about global growth, particularly in China and the Euro zone, caused rival safe-haven dollar to hit multi-month highs against a basket of currencies, making gold more expensive for overseas buyers. "The global growth slowdown story will eventually prove to be a positive for gold and that would only come once the market becomes more skeptical about the US recession risks." Silver shed 1.1% to $23.70 per ounce, logging its biggest daily drop in a month.

Persons: Gold, Edward Moya, Christopher Waller, Otunuga Organizations: U.S, Federal Reserve, Fed Locations: China

☆ Gold retreats as growth risks drive safe-haven bids to US dollar
▼ + stars: | 2023-09-05 | by ( Harshit Verma | ) www.reuters.com time to read: +2 min

Spot gold was down 0.6% to $1,927.69 per ounce by 12:49 p.m. EDT (1649 GMT). Jitters about global growth, particularly in China and the euro zone, caused the safe-haven dollar to hit multi-month highs against a basket of currencies, making gold more expensive for overseas buyers. "The global growth slowdown story will eventually prove to be a positive for gold and that would only come once the market becomes more skeptical about the US recession risks." Silver shed 1.5% to $23.60 per ounce, logging its biggest daily drop in a month. Reporting by Harshit Verma in Bengaluru; Editing by Shinjini Ganguli and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Edward Moya, Christopher Waller, Harshit Verma, Shinjini Ganguli, Paul Simao Organizations: Waller, Data, U.S, Reuters, Federal Reserve, Fed, CNBC, Thomson Locations: China, Bengaluru

☆ Insight: What happens when a $2 million gene therapy is not enough
▼ + stars: | 2023-08-12 | by ( Deena Beasley | ) www.reuters.com time to read: +13 min

Their experience raises broader questions around other high-cost gene therapies coming to market, sometimes after accelerated regulatory approvals, drug pricing experts said. Gene therapies work by replacing genes – the body's blueprint for its development. The gene Zolgensma delivers instructs the body to make a protein vital for muscle control. If gene therapies do fall short, it becomes harder to justify prices that researchers have argued are already poor value. More recently, the first hemophilia gene therapy approved by the U.S. Food and Drug Administration was priced by CSL Behring at $3.5 million; 26 more gene therapies are in late-stage development, according to IQVIA.

Persons: Elizabeth Kutschke, Ben, Zolgensma, Ben Kutschke, neurologists, Sitra Tauscher, Wisniewski, Ben's, Roger Hajjar, Brigham Gene, Kutschke, Vasant Narasimhan, Stacie Dusetzina, Roche's, Biogen, Roche, Maha Radhakrishnan, Steven Pearson, It's, Sree Chaguturu, Amanda Cook, Weston, Jackson, Cook, Elizabeth, Jerry Mendell, Russell Butterfield, –, Biogen's, Mendell, UMR, Spinraza, Eric Cox, Caroline Humer, Sara Ledwith Organizations: Reuters, U.S, Novartis, IQVIA Institute, Human Data, Novartis Gene Therapies, Mass, Cell Therapy, U.S . Food, Drug Administration, CSL Behring, CSL, Nashville's Vanderbilt University School of Medicine, Clinical, Economic, CVS Health, Aetna, SMA, Nationwide Children's Hospital, University of Utah Health, Children's, UnitedHealth, Thomson Locations: Oak Park, Berwyn , Illinois, Swiss, U.S, Lebanon , Virginia, United States, Columbus , Ohio, Russia, Kazakhstan, Chicago

☆ Biogen to cut 1,000 jobs to save costs as Alzheimer's drug launch gathers pace
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

Investors have pinned their hopes on Leqembi as sales of multiple sclerosis drug Tecfidera take a hit from cheaper generic rivals while spinal muscular atrophy drug Spinraza faces rival treatments by Novartis (NOVN.S) and Roche (ROG.S). "Biogen's business is in transition," said CEO Christopher Viehbacher, who was hired in November to help power up growth and put behind a series of setbacks for older Alzheimer's drug Aduhelm. Multiple sclerosis treatments Avonex and Vumerity, as well as SMA therapy Spinraza, beat analyst estimates, while Tecfidera missed expectation as it faced generic rivals. "We see no unexpected surprises in Q2 results, allowing investors to focus on Alzheimer's," said Wells Fargo analyst Mohit Bansal. Reporting by Manas Mishra and Mariam Sunny in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: Roche, Christopher Viehbacher, Tecfidera, Wells, Mohit Bansal, Manas Mishra, Mariam Sunny, Sriraj Organizations: Biogen, Novartis, Thomson Locations: Massachusetts, Bengaluru

A senior Ukrainian official called the incident a Russian attack to destabilise Europe, without giving proof. Neither pipeline was pumping gas to Europe at the time the leaks were found, but the incidents will scupper any remaining expectations that Europe could receive fuel via Nord Stream 1 before winter. Operator Nord Stream said the damage was "unprecedented". CUTTING SUPPLIESRussia reduced gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. The new Nord Stream 2 pipeline had yet to enter commercial operations.

But it remained far from clear who might be behind any foul play, if proven, on the Nord Stream pipelines that Russia and European partners spent billions of dollars building. Register now for FREE unlimited access to Reuters.com RegisterPoland's prime minister blamed sabotage for the leaks, without citing evidence. Russia, which slashed gas deliveries to Europe after the West imposed sanctions over Moscow's invasion of Ukraine, also said sabotage was a possibility and that the leaks undermined the continent's energy security. CUTTING SUPPLIESRussia reduced gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. The Swedish Maritime Administration (SMA) said two leaks on Nord Stream 1, one in the Swedish economic zone and another in the Danish zone, were northeast of Denmark's Bornholm.

However, it remained far from clear who might be behind any foul play, if proven, on the Nord Stream pipelines that Russia and European partners spent billions of dollars building. Poland's prime minister blamed sabotage for the leaks, without citing evidence, while the Danish premier said it could not be ruled out. Operator Nord Stream said the damage was "unprecedented". CUTTING SUPPLIESRussia reduced gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. The new Nord Stream 2 pipeline had yet to enter commercial operations.

"The destruction that occurred on the same day simultaneously on three strings of the offshore gas pipelines of the Nord Stream system is unprecedented," said network operator Nord Stream AG. Gazprom (GAZP.MM), the Kremlin-controlled company with a monopoly on Russian gas exports by pipeline, declined to comment. Danish Defence Command/Handout via REUTERS Read MoreRussia slashed gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. The new Nord Stream 2 pipeline had yet to enter commercial operations. European gas prices rose on the news of the leaks, with the benchmark October Dutch price up almost 10% on Tuesday.

☆ Mystery leaks hit Russian undersea gas lines, raising European suspicions
▼ + stars: | 2022-09-27 | by ( ) www.nbcnews.com time to read: +3 min

European countries on Tuesday raced to investigate unexplained leaks in two Russian gas pipelines running under the Baltic Sea near Sweden and Denmark, infrastructure at the heart of an energy crisis since Russia’s invasion of Ukraine. “The destruction that occurred on the same day simultaneously on three strings of the offshore gas pipelines of the Nord Stream system is unprecedented,” said network operator Nord Stream AG. Gazprom, the Kremlin-controlled company with a monopoly on Russian gas exports by pipeline, declined comment. Russia slashed gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. The new Nord Stream 2 pipeline had yet to enter commercial operations.

Register now for FREE unlimited access to Reuters.com RegisterThe logo of Nord Stream is seen at the headquarters of Nord Stream AG in Zug, Switzerland March 1, 2022. REUTERS/Arnd Wiegmann/STOCKHOLM, Sept 27 (Reuters) - Sweden's Maritime Authority said on Tuesday it had issued a warning of two leaks on the Russian-owned Nord Stream 1 pipeline in Swedish and Danish waters, shortly after a leak on the nearby Nord Stream 2 project was discovered. "There are two leaks on Nord Stream 1 - one in Swedish economic zone and one in Danish economic zone. On Monday, Danish authorities asked ships to steer clear of a five nautical mile radius southeast off Bornholm after a gas leak from the defunct Nord Stream 2 pipeline drained into the Baltic Sea. read moreLater the same day, the operator of the Nord Stream 1 pipeline, which ran at reduced capacity from mid-June before shutting down completely in August, also disclosed a pressure drop on both lines of the Nord Stream 1 gas pipeline.

Security walks in front of the landfall facility of the Baltic Sea gas pipeline Nord Stream 2 in Lubmin, Germany, September 19, 2022. "Yesterday, a leak was detected on one of the two gas pipelines between Russia and Denmark - Nord Stream 2. Russia slashed gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. 'EXTRA WATCH'"There are two leaks on Nord Stream 1 - one in Swedish economic zone and one in Danish economic zone. It said the gas leak would only affect the environment locally, which means that only the area where the gas plume in the water column is located would be affected.

☆ Nord Stream: Mystery leaks hit Russian gas pipelines to Europe
▼ + stars: | 2022-09-27 | by ( ) edition.cnn.com time to read: +4 min

Sweden’s Maritime Authority issued a warning about two leaks in the Nord Stream 1 pipeline, shortly after a leak on the nearby Nord Stream 2 pipeline was discovered that had prompted Denmark to restrict shipping in a five nautical mile radius. “The destruction that occurred on the same day simultaneously on three strings of the offshore gas pipelines of the Nord Stream system is unprecedented,” said network operator Nord Stream AG. Gazprom, the Kremlin-controlled company with a monopoly on Russian gas exports by pipeline, declined comment. Russia slashed gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. The new Nord Stream 2 pipeline had yet to enter commercial operations.

☆ IoT Insurance: Trends in Home, Life & Auto Insurance Industries
▼ + stars: | 2016-12-20 | by ( Andrew Meola | ) www.businessinsider.com time to read: +7 min

Future insurance will look much different thanks to Internet of Things, which will touch home insurance, life insurance, auto insurance, and health insurance. There are already some auto insurance industry trends at play that demonstrate this change, and broader trends in the insurance industry are also making their presences felt. BIIIoT in Auto InsuranceMany auto insurance companies are starting to use the IoT, largely through connected cars, to track drivers' habits in real time. By offering this service, auto insurance companies can more accurately price their premiums and provide more savings for their customers. Similar to life insurance companies, health insurance companies are largely using wearable devices to keep track of their clients' health.

Persons: Vik, Forbes, that's, Progressive's, John Hancock Organizations: Affordable, Insurance, Home Insurance, IBM, BI Intelligence, Business, Life, Nike, Auto Insurance, Nielsen, Research, Health, Sutherland Global Services, Apple Watch, Farm, Intelligence Locations: U.S, Vik Renjen

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