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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiogen's Alzheimer's drug is the biggest growth catalyst for the stock, says Jefferies' YeeMichael Yee, Jefferies biotech analyst, joins 'Power Lunch' to discuss what Biogen's purchase of Reata means for the former, the biggest catalyst for Biogen stock, and more.
Persons: Jefferies, Yee Michael Yee Organizations: Jefferies
Wildfires devouring swaths of Algeria’s Mediterranean coast have killed 34 people over two days, the Algerian authorities said on Tuesday, as an extreme heat wave sears North Africa, Southern Europe and the sea between them. The dead include 10 soldiers who were aiding rescue efforts across Algeria’s forested Kabylia region, the Algerian Interior Ministry said. Another 16 people died in the fires in the village of Ath Oussalah, according to Berber TV, a local broadcaster. “I wish her home burned down but she was still alive,” the woman told onlookers in the village. Plumes of smoke rose from at least 16 cities east of the capital, Algiers, including Bejaia, Jijel and Tizi Ouzou.
Persons: Organizations: Algerian Interior Ministry Locations: North Africa, Southern Europe, Kabylia, Algerian, Ath Oussalah, Algiers
For a month and 10 days of unrelenting summer heat, Sepideh, a physician in southern Iran, and her dentist husband have left the house only for work (and only in the mornings) and for groceries (and only when the fridge is utterly bare). At one point last week, her car’s dashboard thermometer read 57 degrees Celsius, about 135 degrees Fahrenheit. “Only 57 degrees!” she posted. A combination of widening poverty and rising heat is crushing much of southern Iran, where sprawling desert, joined with the humidity of the nearby Persian Gulf, is especially prone to heat waves and droughts intensified by climate change. Although the mercury was lower elsewhere in the country, the misery has still been great.
Persons: Iran’s, Kaveh Madani Locations: Iran, Persian, United Nations
For nearly three weeks now, more than 1,000 men, women and children from Africa have been clinging to survival in the no-man’s lands at Tunisia’s borders. A few scrubby trees offer fitful shade, videos taken by migrants show, and border guards from neighboring Libya and Tunisian aid workers occasionally drop off water and a bit of bread. Over and over, they sent pleas for help from the dwindling number of phones they managed to keep charged:“Please help us. We are dying,” one wrote to The New York Times on Saturday. If there’s any way you can help us …”By Sunday, the text messages had stopped.
Persons: Organizations: The New York Times Locations: Africa, Tunisia’s, Libya, Sfax, Europe, North Africa
An Egyptian graduate student and human rights advocate accused of spreading “fake news” was sentenced to three years in prison in Egypt on Tuesday, a harsh conclusion to a case that had inspired a mass outpouring of support in Italy, where he studied, and in Egypt. Just recently, the student, Patrick Zaki, had earned a master’s degree with distinction, defending his thesis to professors at the University of Bologna by videoconference because Egypt had barred him from traveling. Mr. Zaki was convicted of disseminating fake news — a charge prosecutors routinely bring against Egyptians who speak up about political matters — for a 2019 article he published online describing his experiences as a member of Egypt’s Coptic Christian minority. As soon as the verdict was announced, Mr. Zaki, who was released from pretrial detention in December 2021, was rearrested in the courtroom, according to the Egyptian Initiative for Personal Rights, the rights group where he had worked as a researcher.
Persons: , Patrick Zaki, Zaki Organizations: University of Bologna, Christian, Egyptian, Personal Rights Locations: Egypt, Italy, videoconference
On Tuesday, Phoenix was poised to break its own record for consecutive days of high temperatures of at least 110 degrees. “We see people passing out from full-blown heat stroke with a core body temperature of 104 degrees,” he said. The persistent heat in the Southwest is the result of a high-pressure system that has been parked over the region for weeks. Credit... Go Nakamura/ReutersIn Texas, the heat this year has prompted cotton plants, especially in the southern parts of the state, to bloom early. The spot where he stood was already under a heat advisory, with heat indexes forecast to reach around 110 degrees on Tuesday.
Persons: Phoenix, , Mazey Christensen, Matt Salerno, “ We’re, Alex Guerrero, Adriana Zehbrauskas, Ramsay de, Charles Outen, Zach Stone, Rocky Martinez, Rebecca Noble, Dee Lee, Brandon Bell, Jerald Moser, Moser, Michael Crimmins, Go Nakamura, , Josh McGinty, Mr, McGinty, Ralph Horton, Horton, Maggie Miles, Jack Healy, Sheryl Kornman Organizations: Sweet Republic, Phoenix . Business, National Weather Service, Phoenix Fire Department, The New York Times, Weather Service, Demuth Community Center, Salvation Army Tucson Hospitality House, Tucson Medical, University of Arizona, Houston ., Reuters, Texas Locations: Phoenix, Phoenix ., Santa Fe, New Mexico, Arizona, Northern, Michigan, New York, Vermont, Palm Springs, Calif, Southern California, Tucson, Ariz ., Ariz, Maricopa County, Ironwood, Marana, Houston, Reuters In Texas, Corpus Christi, Southern, Jackson, Miss, Montgomery, Ala, Tallahassee, Fla, Vicksburg, Texas, Mississippi
Iran is once again deploying police officers on the streets to enforce its conservative dress code for women, which many have flouted since the protest movement that rattled the country began last fall, according to state news media and social media posts. Months into the protests, Iran quietly withdrew the morality police from the streets in an apparent concession to try to calm the nationwide upheaval against the government. The protests began last September after Mahsa Amini, a 22-year-old woman, died in custody after the morality police accused her of violating the dress code and arrested her on a Tehran street. A spokesman for Iran’s police force, Gen. Saeed Montazer al-Mahdi, said on Sunday that effective immediately, police officers would begin patrolling to “deal with those who, unfortunately, regardless of the consequences of dressing outside the norm, still insist on breaking the norm.” He added that the patrols would “expand public security and strengthen the foundation of the family.”He said the police would first warn people caught breaking the hijab law governing dress, which requires women to cover their hair and wear long, loose clothing that hides the shape of their bodies. Those who still refused to comply, he said, would be prosecuted.
Persons: Mahsa Amini, Saeed Montazer al, Mahdi, Locations: Iran, Tehran
Temasek is betting on all its stars aligning
  + stars: | 2023-07-12 | by ( Anshuman Daga | ) www.reuters.com   time to read: +3 min
That’s one consolation Temasek can take from a tricky year. But Temasek’s hopes for a more prosperous year or two ahead rely on matters mostly out of its hands. Reuters Graphics Reuters GraphicsGranted, Temasek had a busy few years propping up the tiny city-state’s companies, like Singapore Airlines (SIAL.SI), after the pandemic hit. Meanwhile, high valuations in the United States, where Temasek has doubled exposure over the past decade, will limit opportunities. But if Temasek wants to start shining more brightly soon, it’ll need all its stars to align.
Persons: That’s, Temasek’s, Chin Yee, There’s, Antony Currie, Pranav Kiran, Thomas Shum Organizations: Reuters, Temasek, Sequoia, Reuters Graphics, Singapore Airlines, Reuters Graphics Finance, SP Group, U.S, Chartered, Thomson Locations: SINGAPORE, Singapore’s, Asia, Japan, China, People’s Republic, Southeast Asia, India, Singapore, United States
SINGAPORE, July 11 (Reuters) - Singapore investment firm Temasek Holdings (TEM.UL) on Tuesday posted a 5.2% drop in its net portfolio value to S$382 billion ($284.65 billion) in the financial year that ended in March. The drop in net portfolio value is its first since the 2019 financial year and came amid intensified global market volatility. Over the last decade, Temasek has grown its net portfolio value by 77.7% to S$382 billion from S$215 billion in 2013. Its portfolio value hit a record high of S$403 billion in the year ending in March 2022. Most of China's tech companies share prices have rallied since Friday on the hope that strict regulations that have stymied growth for more than two years would ease.
Persons: Chin Yee, Temasek, Rohit Sipahimalani, it's, Yantoultra Ngui, Xinghui, Robert Birsel Organizations: Temasek Holdings, Ant Group, Temasek, DBS, China Construction Bank, PSA International, Mapletree Investments, Ant, People's Bank of, Thomson Locations: SINGAPORE, Singapore, China, Asia, Temasek, People's Bank of China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiogen shares fall after Alzheimer's drug approval. Here's what the pros are sayingMichael Yee of Jefferies, Chris Raymond of Piper Sandler, Kevin Simpson of Capital Wealth Planning, Steve Weiss of Short Hills Capital and Jim Lebenthal of Cerity Partners discussed Biogen after the FDA approved its Alzheimer's drug.
Persons: Michael Yee, Jefferies, Chris Raymond, Piper Sandler, Kevin Simpson, Steve Weiss, Jim Lebenthal Organizations: Capital Wealth, Short Hills Capital, Cerity Partners, FDA
Sales of the Alzheimer's drug Leqembi may be slow initially due to logistical requirements but could pick up in 2024, analysts said after the groundbreaking treatment won approval in the U.S.Wall Street is chewing over the Food and Drug Administration's Thursday approval of Leqembi – a milestone in the treatment of the disease, even though the drug isn't a cure. Leqembi, from drugmakers Eisai and Biogen , is the first medicine proven to slow the progression of Alzheimer's in people at the early stages of the memory-robbing disease. Yee added that the firm's channel checks suggest doctors see the registry requirement "as a potential real-world challenge – at least in the initial phase." That includes navigating Medicare's registry requirement and coordinating PET scans and MRIs to screen for dangerous side effects of the drug. But Goodman, like other analysts, also noted that "we continue to expect a slow ramp in 2023 and acceleration moving into 2024."
Persons: Jay Reinstein, drugmakers, Yatin Suneja, Jefferies, Michael Yee, Yee, Paul Matteis, Marc Goodman, Goodman Organizations: Georgetown University Hospital, Wall, Food, Leqembi, FDA, National Institute, Aging, ARIA, SVB Securities Locations: Washington , DC, U.S
Perhaps you are one of the more than 5,000 subscribers to “Popping Tins,” an email newsletter devoted exclusively to tinned seafood. Perhaps you belong to a tinned-fish-of-the-month club, or have leafed through a tinned-fish-focused cookbook that tells you how best to cook a food already cooked. Perhaps you, like some TikTok users, even hold a weekly “tinned-fish date night” with your spouse. The Tunisians put canned tuna on salads. Pizza arrives with a handful of canned tuna in the middle.
Persons: Pizza, Locations: Tunisia, Italy, brik
Police said they had issued a concern for welfare report for Cremer on June 26, some 14 days after she stopped contacting her family and friends. She is believed to have been heading to Tasmania’s west coast when she went missing. Celine Cremer’s sister Amelie called for help locating her sister in a Facebook post earlier this week. “We no longer have a sign of life of my sister,” she wrote on June 26, though she said the family was not giving up. The Philosopher Falls track has been closed to the public while police continue to search the area.
Persons: Celine Cremer, Cremer, Anthea Maingay, ” Maingay, , Celine, Celine Cremer’s, Amelie, Organizations: CNN, Tasmania Police, Police Locations: Belgian, Australia, Tasmania, Waratah, Tasmania’s
Paris CNN —French authorities arrested about 150 people overnight as protests broke out for a second night over the fatal police shooting of a teenager, officials said Thursday. The incident triggered violent protests in several Paris suburbs on Tuesday night, during which 24 police officers were injured and 40 cars set alight, French authorities said. In anticipation of violence stretching into a second evening, 2,000 extra police officers were mobilized Wednesday afternoon, authorities said. Darmanin expressed support for police and firefighters, saying: “shame on those who did not call for calm.”The officer who allegedly shot the teenager was taken into custody Tuesday and will undergo questioning by prosecutors, Nanterre prosecutor’s office told CNN. The death of the 17-year-old was pronounced Tuesday morning “following at least one gunshot wound” and despite the intervention of emergency medics, the Nanterre prosecutor’s office said earlier.
Persons: Paris CNN —, Gérald Darmanin, Darmanin, Geoffroy Van Der, Emmanuel Macron, ” Macron, , , Olivier Véran, won’t, ” Véran, , Naël’s, Fiachra GIBBONS, Mercedes Organizations: Paris CNN, CNN, Protesters, Getty, Interior Ministry, Prosecutors, Mercedes AMG, Interior, Twitter Locations: France, Paris, Nanterre, Geoffroy Van Der Hasselt, AFP
What’s In Our Queue? ‘The Silences of the Palace’ and MoreI’m The Times’s North Africa bureau chief. Based in Cairo, I’m always trying to better understand my region while staying connected to home in America. Here are five things I’ve read, seen and watched lately →
Persons: I’m Locations: North Africa, Cairo, America
Hong Kong CNN —New Zealand’s Prime Minister Chris Hipkins has been criticized for bringing a backup plane on his visit to China this week, with opposition leaders pointing to excess planet-warming emissions created in the middle of the climate crisis. A “backup aircraft” was “pre-positioned” in the Philippine capital Manila in case the primary aircraft carrying Hipkins and a trade delegation broke down, the spokesperson said. The leader of the opposition National Party Chris Luxon said Hipkins’ use of two planes wasn’t a good look environmentally, according to CNN affiliate Radio New Zealand (RNZ). The 757s are “around 30 years old, are nearing the end of their economic lives, and are due for replacement between 2028 and 2030,” Hipkins’ spokesperson said. Former New Zealand prime ministers have faced political embarrassment after their planes broke down on official trips.
Persons: Chris Hipkins, , , National Party Chris Luxon, David Seymour, ” Seymour, Seymour, ” Hipkins, John Key, RNZ, Jacinda Ardern, Hipkins Organizations: Hong Kong CNN, Zealand’s, CNN, National Party, Radio New Zealand, ACT Party, Ford, Defense Force, RNZAF, Royal New Zealand Air Force, Boeing, New Zealand Defense Force, Former New Zealand, RNZAF Boeing, Air Force Locations: Hong Kong, China, Philippine, Manila, India, Australia, Melbourne, Auckland, Beijing, Tianjin, Shanghai
Ship carrying 120 catches fire off Philippines
  + stars: | 2023-06-18 | by ( Lizzy Yee | ) edition.cnn.com   time to read: 1 min
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Egypt Spars With Dutch Museum Over Ancient History
  + stars: | 2023-06-18 | by ( Vivian Yee | ) www.nytimes.com   time to read: +1 min
A new Dutch museum exhibit declares, “Egypt is a part of Africa,” which might strike most people who have seen a map of the world as an uncontroversial statement. But the show at the National Museum of Antiquities in Leiden goes beyond geography. It explores the tradition of Black musicians — Beyoncé, Tina Turner, Nas and others — drawing inspiration and pride from the idea that ancient Egypt was an African culture. The exhibit is framed as a useful corrective to centuries of cultural erasure of Africans. And some feel that it is their culture and history that are being erased in the Western quest to correct historical racism.
Persons: — Beyoncé, Tina Turner, Nas Organizations: National Museum of Antiquities, Facebook Locations: Egypt, Africa, Leiden, African, United States, Netherlands, East, North Africa
CNN —At least 11 people have died, 20 are missing and more than 2,000 have been left homeless after an “extratropical cyclone” hit Brazil’s Rio Grande Do Sul, local authorities say. “Our priority at the moment is to find the missing and save people who may still be stranded by the floods.” Leite wrote in a statement. Extreme weather around the world is becoming more intense and more frequent against the backdrop of a fast-warming climate. The proportion of high-intensity hurricanes, or tropical cyclones, has increased due to the warmer global temperatures, according to the UN. Scientists have also found that the storms are more likely to stall and lead to devastating rainfall and they last longer after making landfall.
Persons: Rio, Eduardo Leite, ” Leite Organizations: CNN, Military Firefighters Corps, Logistics, Transport, UN Locations: Grande Do Sul, Rio Grande
Kampala, Uganda CNN —At least 26 students have been killed and six abducted following an attack at a western Uganda school by armed rebels from the Allied Democratic Force, a Ugandan major told CNN on Saturday. The military suspects more dead bodies may be found, but said there was no one still alive trapped in the school. Armed rebels of the ADF, which has ties to ISIS, attacked the school in Mpondwe on Friday night, police have said. “A dormitory was burnt and a food store looted,” Uganda Police Force Spokesperson Fred Enanga said on Twitter, adding that the bodies had been transferred to Bwera Hospital. The spokesperson said that Ugandan Police and the Uganda People’s Defense Force were in “hot pursuit” of the suspects.
Persons: Major Bilal Katamba, Fred Enanga Organizations: Uganda CNN, Allied Democratic Force, CNN, Democratic, Authorities, ADF, ISIS, Uganda Police Force, Twitter, Bwera Hospital, Ugandan Police, Uganda People’s Defense Force Locations: Kampala, Uganda, Ugandan, Democratic Republic of Congo, DRC, Mpondwe, Congo
Mosaïque FM, Tunisia’s most popular radio station, comes to life each morning around 5:30 a.m. with the martial strains of the national anthem. The show’s host, Hajer Tlili, says she specializes in catching politicians out in their inconsistencies and hypocrisies. But lately, it has been Ms. Tlili who has had to consider what she says. One of its reporters has been sentenced to five years in prison; two more have been interrogated over criticizing the government. “Every day I’ve thought, ‘I could be next,’” said Ms. Tlili, 36.
Persons: Hajer Tlili, Tlili, , ’ ”, I’ve, Locations:
Facing a ruinous economic crisis, President Abdel Fattah el-Sisi recently decided it was time to hold talks with what was left of Egypt’s political opposition, giving them a seat at the table after nearly a decade of repression, prison and exile. But to an authoritarian leader like Mr. el-Sisi, reconciliation only goes so far. Islamists were barred from the dialogue, and much of the secular liberal opposition was not invited. Crucial topics, including anything to do with the ill-defined matter of national security, were off limits. ‌Yet the economic overhaul the government promised has added up to mostly talk and little action.
Persons: Abdel Fattah el, Sisi, Mr, hemming Locations: Egypt
The merger between Credit Suisse and UBS creates a new Swiss banking behemoth with $1.7 trillion in assets. Investment bank leadersThe president of UBS's investment bank, Robert Karofsky, circulated a memo on Monday announcing his new leadership team. Ebert, co-head of markets at Credit Suisse, was also named head of Credit Suisse for the Investment Bank, reporting to Karofsky. UBS global wealth management president Iqbal Khan revealed the appointments to its critical wealth business in an internal memo titled "Becoming a global wealth powerhouse." Members of the current Credit Suisse wealth management leadership team will report to both Yves-Alain and to their respective UBS global wealth management regional leader.
Persons: Yves, Alain Sommerhalder, Michael Ebert, Robert Karofsky, Ebert, Karofsky, Marco Valla, Valla, Javier Oficialdegui, Mike, I've, George Athanasopoulos, Jason Barron, Ros L'Esperance, Dan Dowd, Taichi Takahashi, Chris Leone, Julie Beavan, Tricia Hazelwood, Jeff Hinton, Kurt Anthony, Laurence Braham, Richard Hardegree, Richard Casavechia, Ozzie Ramos, Jason Williams, Neil Meyer, Ken Tittle, Iqbal Khan, Francesco De Ferrari, Khan, Reuters Yves, Alain, Wiwi Gutmannsbauer, Benjamin Cavalli, Cavalli, Kinner, Amy Lo, Jin Yee Young, Young, Hatecke, UBS's Anton Simonet, Christl, Jason Chandler, Sergio Ermotti, Ralph Hamers, Ermotti, MICHELE LIMINA, Todd Tuckner, Sarah Youngwood, Michelle Bereaux, Stefan Seiler, Christian Bluhm, Damian Vogel, Ulrich Körner Organizations: UBS, Credit Suisse, Suisse, Credit, Wall Street, Investment, Investment Bank, Barclays, Global Banking, Investment Bank Management, Global Markets, Global Research, IB, Resource Management, Staff, MUFG Securities, Reuters, Yves, Deutsche, Switzerland, Swiss Re, Getty Locations: Switzerland's, Swiss, Americas, Asia, Singapore, Switzerland, Europe, Middle East, Africa, America, AFP
“They are both full of life and passion, and they were fighting with their journalism to improve women’s lives and status in Iran,” said Amir Hossein, a Tehran-based journalist. “Instead of investigating the causes and the people behind Mahsa Amini’s death,” he added, “the regime began blaming the journalists who brought it to light in the first place.”“What can I say?” Mr. Hossein said. But for many of those involved, an official reckoning goes on: The authorities have executed seven protesters, and at least eight more are on death row. At least 95 journalists have been arrested, according to the Committee to Protect Journalists. “We rarely hear the details” of the abuses of Iranian citizens by the authorities, the citation read.
Persons: , Amir Hossein, , Mahsa, Mr, Hossein, Hamedi, Mohammadi Organizations: Protect Journalists Locations: Iran, Tehran
June 6 (Reuters) - Novocure Ltd's <NVCR.O> experimental device to treat a type of lung cancer helped in extending overall survival among patients in a late-stage study, but concerns around its commercial success sent the medical device maker's shares down more than 34% on Tuesday. The device, used with certain chemotherapies and immunotherapies, helps in creating electric fields that disrupt cancer cell growth. Data from the study shows that the device, along with a class of immunotherapies know as immune checkpoint inhibitors (ICI), extended survival by about eight months, compared to patients treated with ICI alone. Lung cancer is the most common cause of cancer-related death worldwide, and NSCLC accounts for about 85% of all lung cancers, the company said. Reporting by Khushi Mandowara in Bengaluru; Editing by Nivedita Bhattacharjee, Shinjini Ganguli and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
Persons: Emily Bodnar, Jefferies, Michael Yee, Novocure, Khushi, Nivedita Bhattacharjee, Shinjini, Maju Samuel Organizations: ICI, Wainwright, U.S . Food, Drug Administration, Thomson Locations: United States, U.S, Bengaluru
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