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☆ Merck could keep its patent edge by shifting Keytruda cancer drug to a simple shot
▼ + stars: | 2022-12-02 | by ( Michael Erman | ) www.reuters.com time to read: +7 min

If successful, Merck could begin marketing the new formulation within a few years, a top Merck executive told Reuters. "The clock for that patent would start ticking from the time we would get that patent approved." Drug patents have a guaranteed term of exclusivity for 20 years after receiving a patent under U.S. law, but sometimes the companies are able to add additional patents that extend their exclusivity. Merck's patents on the subcutaneous version of Keytruda could protect that formulation until at least 2040, according to Tahir Amin, co-founder of drug patents watchdog group Initiative for Medicines, Access & Knowledge (I-MAK). Northwell's Mulloy said moving patients to subcutaneous versions of drugs also opens up spots in infusion centers for additional patients.

☆ We're seeing a repeat of a cycle in the crypto industry: Bitcoin Layer founder
▼ + stars: | 2022-11-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're seeing a repeat of a cycle in the crypto industry: Bitcoin Layer founderNik Bhatia, founder of The Bitcoin Layer, discusses the collapse of BlockFi.

☆ Stocks making the biggest moves midday: Walmart, Taiwan Semiconductor, Netflix, Carnival and more
▼ + stars: | 2022-11-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Walmart — Shares of retailer Walmart jumped more than 7% after reporting quarterly earnings that beat Wall Street's expectations and raising its forward guidance. Retail stocks — Retail stocks rose following Walmart and Home Depot 's stronger-than-expected financial reports for the third quarter. Signature Bank — Shares of the crypto bank jumped more than 10% after Signature reported minimal exposure to FTX and any potential destruction that could come from its collapse. Sunnova Energy — Shares of solar company rose 7.5% after Deutsche Bank initiated coverage of Sunnova Energy, First Solar and Enphase Energy with buy ratings. First Solar was up 3.2%, and Enphase Energy rose 2%.

☆ 'Vaccination-style' intervention needed to solve energy crisis, UK energy boss says
▼ + stars: | 2022-11-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Gas prices have soared to record levels over the last year as higher global demand has been intensified in Europe. LISBON, Portugal — The U.K. should embark on a "vaccination-style" effort to address surging energy prices and prevent future energy crises from happening, according to the boss of gas and electricity supplier Ovo Energy. That's even after a cap on consumer energy bills was imposed by the government in early September. Between July 2021 and May 2022, 29 U.K. energy suppliers — including Bulb, once the seventh-biggest — have collapsed. After a deal to acquire the retail arm of Scottish firm SSE Energy , Ovo became the second-largest supplier of energy to households in the U.K.

☆ This little-known financial stock could benefit from Apple-PayPal partnership, Bank of America says
▼ + stars: | 2022-11-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Synchrony Financial should experience ongoing tailwinds from PayPal 's plan to add its cards to Apple Wallet next year, Bank of America said Monday. "As consumers add these cards to their Apple Wallets, we expect consumer card usage will increase, which in-turn drives incremental purchase volume and receivable growth for SYF." Bhatia called the stock a "hidden beneficiary" of the partnership, saying that he anticipates Synchrony rolling out promotional campaigns to convince customers to use these cards as their default. This should also translate to higher purchase volumes, he said. Bank of America's $39 price target suggests shares are positioned to rally as much as 11.4% from Friday's close.

But the Inflation Reduction Act, which represents about a third of the spending, was passed by Democrats alone. The White House is still pushing a more expansive child tax credit that was not included in the Inflation Reduction Act. Here’s a detailed look at what Mr. Biden wanted and what he got:Climate and Environment Proposed $722 billion Passed $509 billionOn climate, the Biden administration got much of what it wanted. Health Care Proposed $563 billion Passed $412 billionOn health care, there were some victories for the president — and much trimming. The family programs were eliminated largely because of concerns from Mr. Manchin about the overall size of what became the Inflation Reduction Act.

☆ Visa, Mastercard profits expected to jump as travel rebounds
▼ + stars: | 2022-10-20 | by ( Niket Nishant | ) www.reuters.com time to read: +3 min

With more companies resuming business travel and people planning vacations, Visa Inc (<V.N>), Mastercard (<MA.N>) and American Express (<AXP.N>) are likely to see a jump in cross border volume, according to analysts. Cross border volumes are a measure of travel demand reflecting spending on cards outside the country they were issued. American Airlines (<AAL.O>), United Airlines Holdings (<UAL.O>) and Delta Air Lines (<DAL.N>) have also forecast strong profits for the rest of the year, in a sign that travel demand was offsetting concerns about expensive air fares. American Express will report its quarterly earnings on Friday, followed by Visa and Mastercard next week. AmEx shares have dropped 12%, while Mastercard and Visa are down 17% and 14% this year, respectively.

☆ 5 signs the world is headed for a recession
▼ + stars: | 2022-10-02 | by ( Allison Morrow | ) edition.cnn.com time to read: +12 min

New York CNN Business —Around the world, markets are flashing warning signs that the global economy is teetering on a cliff’s edge. There’s now a 98% chance of a global recession, according to research firm Ned Davis, which brings some sobering historical credibility to the table. In an interview, its CEO was asked whether he believes the slowdown was a sign of a looming global recession. The upshotWhile the consensus is that a global recession is likely sometime in 2023, it’s impossible to predict how severe it will be or how long it will last. Not every recession is as painful as the 2007-09 Great Recession, but every recession is, of course, painful.

☆ India's Goswami bowls 10,000th ODI ball on way to controversial win
▼ + stars: | 2022-09-24 | by ( Hugh Lawson | ) www.reuters.com time to read: +3 min

Goswami claimed her record-extending 254th and 255th ODI wickets - the last one with her 10,001st delivery in the format - before ending her 20-year international career, having debuted in 2002. It is in the rules and hopefully it doesn't take the shine off a good summer and good series." England had been hoping for some redemption after losing the first two matches in the three-game series, but they eventually lost by 16 runs. India struggled with the bat and were eventually bowled out for 169. Register now for FREE unlimited access to Reuters.com RegisterReporting by Hugh Lawson; Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

☆ The real challenge is how long these real estate market conditions last, says BofA's Bhatia
▼ + stars: | 2022-09-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe real challenge is how long these real estate market conditions last, says BofA's BhatiaBank of America Securities research analyst Mihir Bhatia joins 'Power Lunch' to discuss how much mortgage volumes will fall, if Bhatia's coverage universe can survive a fall in mortgage volumes and which companies have advantages in this environment.

☆ SoFi will get a tailwind from student loan refinancing next year, says BofA's Mihir Bhatia
▼ + stars: | 2022-09-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi will get a tailwind from student loan refinancing next year, says BofA's Mihir BhatiaMihir Bhatia, Bank of America Securities analyst, joins 'Closing Bell' to discuss SoFi's pop after Bank of America's upgrade to buy.

☆ SoFi can surge 54% on student loan payments pause and NFL marketing, Bank of America says in upgrade
▼ + stars: | 2022-09-14 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

There's growth on the horizon for SoFi 's stock, according to Bank of America. Student loan overhang gone President Joe Biden's student debt relief plan, which included announcing that payments paused during the pandemic will resume next year, removed a major headwind for SoFi that gives upside to 2022. Now, with payments set to restart next year, refinancing could pick up in the fourth quarter, according to Bank of America. NFL boost In addition, Bhatia expects SoFi's recognition in the market to grow as it benefits from NFL-affiliated marketing. "SOFI has naming rights for the Los Angeles football stadium and also recently announced a three-year brand campaign with Justin Herbert," wrote Bhatia.

America’s relationship to gun ownership is unique, and its gun culture is a global outlier. It is then unsurprising that the US has more deaths from gun violence than any other developed country per capita. A 2019 study published in the British Medical Journal found that US states with more permissive gun laws and greater gun ownership had higher rates of mass shootings. A decade of gun violence, culminating with the Port Arthur massacre in 1996, prompted the Australian government to take action. Many countries around the world have been able to tackle gun violence.

Persons: Uvalde, –, Zachary Elkins, Elkins, they’ve, Jason R, Silva, Joe Biden’s, St Louis ’ Whitney R, Rukmani Bhatia, “, Jacinda Ardern Organizations: CNN, Kansas, Monterey Park ., Survey, SAS, Gallup, University of Texas, US, of Alcohol, Tobacco, Firearms, Explosives, FBI, Shooting Sports Federation, European Union, Institute for Health Metrics, Washington , DC, El, Stanford University, William Paterson University, British Medical, Washington University, St Louis, Harris World Law, Inter, American, Human Rights, United Nations, Center for American Progress, Port, Graduate Institute of International and Development Studies, University of Washington, UN Locations: Kansas City . Lewiston, Monterey Park, Monterey Park . Orlando, Las Vegas . Newtown, Parkland, San Bernardino, Nashville . Louisville, United States, Switzerland, Falkland, Argentina, Yemen, Austin, Guatemala, Mexico, Canada, Australia, Washington ,, Brazil, Latin America, Caribbean, El Salvador, Venezuela, Colombia, Honduras, America, Belize, Panama, Greenland, California, American, Colorado , South Carolina, Texas, Washington, Port Arthur, South Africa, New Zealand, Christchurch, Britain, Plymouth, England, Geneva

☆ Dozens of Goldman Sachs partners have departed the bank since David Solomon became CEO. See the running list here.
▼ + stars: | 2020-02-27 | by ( Carter Johnson | Dakin Campbell | ) www.businessinsider.com time to read: +6 min

David Solomon has been Goldman Sachs' CEO for more than four years after succeeding Lloyd Blankfein. There's been a lot of talk about morale at Goldman Sachs. In reality, Solomon said, there were fewer "partner transitions at Goldman Sachs" in 2022 than any year "going back to 2014." "At the moment, year-to-date, our turnover is at a 5-year low, not just for partners, in the whole firm," Solomon added. Here is a running list of Goldman's partners that have retired from the firm — or moved on to roles at other companies — since Solomon became CEO.

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