Two Iranians die after testing positive for coronavirus

A worker at a factory in Nanjing sorting face masks being produced to satisfy increased demand during China’s COVID-19 coronavirus outbreak, in China’s Jiangsu province. Two Iranians have died in hospital after testing positive for the new coronavirus in the holy Shi’ite city of Qom, the head of the city’s University of Medical Sciences told Mehr news agency on Wednesday. “Two Iranians, who tested positive earlier today for new coronavirus, died of respiratory illness,” the official told Mehr. I


A worker at a factory in Nanjing sorting face masks being produced to satisfy increased demand during China’s COVID-19 coronavirus outbreak, in China’s Jiangsu province.
Two Iranians have died in hospital after testing positive for the new coronavirus in the holy Shi’ite city of Qom, the head of the city’s University of Medical Sciences told Mehr news agency on Wednesday.
“Two Iranians, who tested positive earlier today for new coronavirus, died of respiratory illness,” the official told Mehr.
I
Two Iranians die after testing positive for coronavirus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-19
Keywords: news, cnbc, companies, coronavirus, earlier, reports, health, spokesman, die, ministry, told, testing, positive, iranians, died


Two Iranians die after testing positive for coronavirus

A worker at a factory in Nanjing sorting face masks being produced to satisfy increased demand during China’s COVID-19 coronavirus outbreak, in China’s Jiangsu province.

Two Iranians have died in hospital after testing positive for the new coronavirus in the holy Shi’ite city of Qom, the head of the city’s University of Medical Sciences told Mehr news agency on Wednesday.

“Two Iranians, who tested positive earlier today for new coronavirus, died of respiratory illness,” the official told Mehr.

Iran’s health ministry spokesman Kianush Jahanpur confirmed their death on Twitter.

Iran confirmed earlier on Wednesday its first two cases of the virus, government spokesman Ali Rabiei said, shortly after reports that preliminary tests on the two had come back positive.

The health ministry said earlier that the patients had been put in isolation.

Rabiei did not give the nationality of the two people infected, but some reports suggested that they were Iranian nationals.

The death toll from the new coronavirus in mainland China passed 2,000 on Wednesday although the number of new cases fell for a second straight day, as authorities tightened already severe containment measures in the worst-hit city of Wuhan.


Company: cnbc, Activity: cnbc, Date: 2020-02-19
Keywords: news, cnbc, companies, coronavirus, earlier, reports, health, spokesman, die, ministry, told, testing, positive, iranians, died


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Barclays reveals its CEO is being probed over links to Jeffrey Epstein

Barclays’ Chief Executive Jes Staley is being investigated over his links to Jeffrey Epstein, the American financier and convicted sex offender who committed suicide in jail last year. According to Barclays on Thursday, Staley developed a “professional relationship” with Epstein earlier in his career, but they had no contact since Staley joined the British bank in 2015. “As has been widely reported, earlier in his career Mr. Staley developed a professional relationship with Mr. Epstein. In the s


Barclays’ Chief Executive Jes Staley is being investigated over his links to Jeffrey Epstein, the American financier and convicted sex offender who committed suicide in jail last year.
According to Barclays on Thursday, Staley developed a “professional relationship” with Epstein earlier in his career, but they had no contact since Staley joined the British bank in 2015.
“As has been widely reported, earlier in his career Mr. Staley developed a professional relationship with Mr. Epstein.
In the s
Barclays reveals its CEO is being probed over links to Jeffrey Epstein Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-13  Authors: silvia amaro
Keywords: news, cnbc, companies, staley, earlier, probed, links, barclays, epstein, jeffrey, ceo, contact, relationship, professional, reveals, developed, executive


Barclays reveals its CEO is being probed over links to Jeffrey Epstein

Barclays’ Chief Executive Jes Staley is being investigated over his links to Jeffrey Epstein, the American financier and convicted sex offender who committed suicide in jail last year.

Media reports over the last six months had indicated historical ties between Staley and Epstein. According to Barclays on Thursday, Staley developed a “professional relationship” with Epstein earlier in his career, but they had no contact since Staley joined the British bank in 2015.

In a statement issued Thursday, Barclays said the relationship between Staley and Epstein is the subject of an ongoing enquiry from U.K. regulator the Financial Conduct Authority, and the company had responded.

Barclays also conducted its own review and concluded that Staley “has been sufficiently transparent with the company as regards the nature and extent of his relationship with Mr. Epstein.”

As a result, the bank’s board has decided to unanimously suggest the re-election of Staley as the bank’s chief executive — with the vote due in May at the company’s annual general meeting.

“As has been widely reported, earlier in his career Mr. Staley developed a professional relationship with Mr. Epstein. In the summer of 2019, in light of the renewed media interest in the relationship, Mr. Staley volunteered and gave to certain executives, and the Chairman, an explanation of his relationship with Mr. Epstein,” the bank said in the statement.

“Mr. Staley also confirmed to the Board that he has had no contact whatsoever with Mr. Epstein at any time since taking up his role as Barclays Group CEO in December 2015.”

Staley, an American citizen, began working at Barclays in December of 2015. Prior to that he worked for JPMorgan for more than 30 years and briefly at BlueMountain Capital.


Company: cnbc, Activity: cnbc, Date: 2020-02-13  Authors: silvia amaro
Keywords: news, cnbc, companies, staley, earlier, probed, links, barclays, epstein, jeffrey, ceo, contact, relationship, professional, reveals, developed, executive


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Boeing concerned about coronavirus impact on air travel

Big companies, from Apple to Ford to Kraft Heinz, have restricted their employees’ China business travel or scaled back operations because of the virus. The virus is spreading as the pace of global air traffic growth has begun to moderate. November traffic growth rose 3.3% from a year earlier, the International Air Transport Association, or IATA, reported earlier this month. Boeing CFO Greg Smith noted in a call with analysts Wednesday the moderation in air traffic growth and said the “impact of


Big companies, from Apple to Ford to Kraft Heinz, have restricted their employees’ China business travel or scaled back operations because of the virus.
The virus is spreading as the pace of global air traffic growth has begun to moderate.
November traffic growth rose 3.3% from a year earlier, the International Air Transport Association, or IATA, reported earlier this month.
Boeing CFO Greg Smith noted in a call with analysts Wednesday the moderation in air traffic growth and said the “impact of
Boeing concerned about coronavirus impact on air travel Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-29  Authors: leslie josephs
Keywords: news, cnbc, companies, coronavirus, growth, china, international, iata, traffic, virus, concerned, air, country, boeing, impact, travel, earlier


Boeing concerned about coronavirus impact on air travel

A Boeing 747-4B5(F), on a charter flight from Wuhan, China, arrives at Ted Stevens Anchorage International Airport on January 28, 2020 in Anchorage, Alaska.

Boeing raised concerns on Wednesday about the spread of coronavirus, as the rising number of infections prompts airlines to cut back service to China, where most of the cases are concentrated.

More than 6,150 people have been infected by the flu-like virus and more than 130 people in China have died from it, authorities said.

Big companies, from Apple to Ford to Kraft Heinz, have restricted their employees’ China business travel or scaled back operations because of the virus. Airlines have said they have seen a sharp drop in demand to the country as the outbreak grows.

The virus is spreading as the pace of global air traffic growth has begun to moderate.

November traffic growth rose 3.3% from a year earlier, the International Air Transport Association, or IATA, reported earlier this month. “November’s moderate result reflects the continuing influence of slower economic activity, geopolitical tensions and other disruptions, including strikes in Europe,” said the director-general of the trade group, which represents most of the world’s airlines.

Boeing CFO Greg Smith noted in a call with analysts Wednesday the moderation in air traffic growth and said the “impact of the coronavirus on near-term traffic growth is clearly a watch item this year.”

China has becoming increasingly important to carriers and airplane manufacturers such as Boeing and Airbus. The country is expected to replace the U.S. as the largest market for air travel by the middle of this decade, according to IATA.


Company: cnbc, Activity: cnbc, Date: 2020-01-29  Authors: leslie josephs
Keywords: news, cnbc, companies, coronavirus, growth, china, international, iata, traffic, virus, concerned, air, country, boeing, impact, travel, earlier


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

GE is a ‘total winner,’ unless Boeing fails to fix its 737 Max issue, Jim Cramer says

General Electric received a big upgrade from Morgan Stanley, but its turnaround hinges on its most important aviation customer, CNBC’s Jim Cramer said Thursday. “GE is a total winner unless — unless — Boeing fails to get this darned plane certified,” the “Mad Money” host said. “GE’s among the many aerospace suppliers who won’t be able to make their numbers unless the 737 Max goes back into being sold and resumes production.” Boeing CEO David Calhoun earlier this week said the soonest that the gr


General Electric received a big upgrade from Morgan Stanley, but its turnaround hinges on its most important aviation customer, CNBC’s Jim Cramer said Thursday.
“GE is a total winner unless — unless — Boeing fails to get this darned plane certified,” the “Mad Money” host said.
“GE’s among the many aerospace suppliers who won’t be able to make their numbers unless the 737 Max goes back into being sold and resumes production.”
Boeing CEO David Calhoun earlier this week said the soonest that the gr
GE is a ‘total winner,’ unless Boeing fails to fix its 737 Max issue, Jim Cramer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-23  Authors: tyler clifford
Keywords: news, cnbc, companies, turnaround, fails, stanley, grounded, boeings, fix, max, 737, boeing, total, issue, jim, winner, cramer, earlier, unless, aviation


GE is a 'total winner,' unless Boeing fails to fix its 737 Max issue, Jim Cramer says

General Electric received a big upgrade from Morgan Stanley, but its turnaround hinges on its most important aviation customer, CNBC’s Jim Cramer said Thursday.

“GE is a total winner unless — unless — Boeing fails to get this darned plane certified,” the “Mad Money” host said. “GE’s among the many aerospace suppliers who won’t be able to make their numbers unless the 737 Max goes back into being sold and resumes production.”

Morgan Stanley raised its rating of the challenged industrial giant to overweight from equal weight, citing a “budding turnaround.” The stock rose 3.5% during the session.

Boeing CEO David Calhoun earlier this week said the soonest that the grounded 737 Max planes would return to the sky is June or July. The airplane manufacturer must get clearance from the Federal Aviation Administration for the 737 Max to fly again, after being grounded nearly a year ago for software issues connected to two deadly accidents.

GE’s aviation division is an engine supplier to Boeing. Earlier this month, Boeing said it lost orders for 87 commercial airplanes. Not only are Boeing’s woes weighing on GE and the airline industry, the Trump administration said it could stunt U.S. economic growth this year by half a point.

“Now, I hope that Boeing’s practicing UPOD — under promise and over deliver — with that new deadline. Everybody seems to have a high opinion of David Calhoun, Boeing’s new CEO … so I’m hoping he’ll get it right.”


Company: cnbc, Activity: cnbc, Date: 2020-01-23  Authors: tyler clifford
Keywords: news, cnbc, companies, turnaround, fails, stanley, grounded, boeings, fix, max, 737, boeing, total, issue, jim, winner, cramer, earlier, unless, aviation


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Watch: WHO officials hold news conference on the coronavirus outbreak

The World Health Organization is holding a briefing Wednesday to address the mysterious coronavirus that has killed at least 17 people and sickened hundreds of others in China. WHO Director-General Tedros Adhanom Ghebreyesus is expected to confirm whether the virus constitutes a global health emergency and to make recommendations on how to contain the outbreak. The briefing follows an emergency meeting of international health experts in Geneva to discuss the virus earlier Wednesday. WHO doesn’t


The World Health Organization is holding a briefing Wednesday to address the mysterious coronavirus that has killed at least 17 people and sickened hundreds of others in China.
WHO Director-General Tedros Adhanom Ghebreyesus is expected to confirm whether the virus constitutes a global health emergency and to make recommendations on how to contain the outbreak.
The briefing follows an emergency meeting of international health experts in Geneva to discuss the virus earlier Wednesday.
WHO doesn’t
Watch: WHO officials hold news conference on the coronavirus outbreak Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, watch, outbreak, earlier, international, hold, officials, global, health, briefing, respiratory, emergency, conference, coronavirus, virus


Watch: WHO officials hold news conference on the coronavirus outbreak

[The stream is slated to start at 2 p.m. ET. Please refresh the page if you do not see a player above at that time.]

The World Health Organization is holding a briefing Wednesday to address the mysterious coronavirus that has killed at least 17 people and sickened hundreds of others in China. The briefing was originally scheduled for 1 p.m. ET but was later delayed an hour.

WHO Director-General Tedros Adhanom Ghebreyesus is expected to confirm whether the virus constitutes a global health emergency and to make recommendations on how to contain the outbreak.

The briefing follows an emergency meeting of international health experts in Geneva to discuss the virus earlier Wednesday.

Health officials on Tuesday confirmed the first U.S. case of the virus and earlier in the week said the respiratory illness, which has evoked memories of the 2003 outbreak of severe acute respiratory syndrome, or SARS, is capable of spreading from person to person.

Over the weekend, the U.S. Centers for Disease Control and Prevention and the Department of Homeland Security began screening people traveling to the United States from Wuhan, China, where the outbreak is believed to have started.

WHO doesn’t enact these emergencies easily, said Lawrence Gostin, a professor and faculty director of the O’Neill Institute for National and Global Health Law at Georgetown University. The international health agency has only applied the emergency designation five times since the rules were implemented in the mid-2000s.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, watch, outbreak, earlier, international, hold, officials, global, health, briefing, respiratory, emergency, conference, coronavirus, virus


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Disney+ will launch in Europe a week earlier than planned

Disney announced Tuesday that it will launch its new streaming service Disney+ in the UK and parts of Europe a week earlier than planned. Disney+ was initially set to launch across parts of Europe on March 31. Disney also confirmed its European pricing for Disney+, which will cost £5.99/€6.99 per month, or £59.99/€69.99 for a year. Disney launched its streaming service in November in the U.S., Canada, Australia, New Zealand, and The Netherlands. Apple’s streaming service Apple TV+ launched last


Disney announced Tuesday that it will launch its new streaming service Disney+ in the UK and parts of Europe a week earlier than planned.
Disney+ was initially set to launch across parts of Europe on March 31.
Disney also confirmed its European pricing for Disney+, which will cost £5.99/€6.99 per month, or £59.99/€69.99 for a year.
Disney launched its streaming service in November in the U.S., Canada, Australia, New Zealand, and The Netherlands.
Apple’s streaming service Apple TV+ launched last
Disney+ will launch in Europe a week earlier than planned Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: william feuer
Keywords: news, cnbc, companies, launch, week, europe, earlier, service, netflixs, company, subscribers, set, planned, disney, streaming


Disney+ will launch in Europe a week earlier than planned

Disney announced Tuesday that it will launch its new streaming service Disney+ in the UK and parts of Europe a week earlier than planned.

Disney+ was initially set to launch across parts of Europe on March 31. It will now roll out on March 24 across the UK, Ireland, France, Germany, Italy, Spain, Austria, and Switzerland, the company said in a release. Other European countries, including Belgium, the Nordics, and Portugal, will follow in summer 2020, the company said.

Disney also confirmed its European pricing for Disney+, which will cost £5.99/€6.99 per month, or £59.99/€69.99 for a year. That’s the same as Netflix’s basic package in Europe. In the U.S., Disney charges $2 less per month than Netflix’s basic package.

The news comes as Netflix is set to report its fourth-quarter earnings after the market closes on Tuesday. International subscribers have largely driven Netflix’s growth in recent years, with non-U.S. subscribers now accounting for 62% of the total, up from 51% in the same period of 2017 and 36% in 2015.

The expansion of Disney+ beyond the U.S. market threatens to draw users away from Netflix’s largest and most rapidly growing audience.

Disney launched its streaming service in November in the U.S., Canada, Australia, New Zealand, and The Netherlands. The service will launch in Latin America in October 2020.

The sector will only become more competitive. Apple’s streaming service Apple TV+ launched last year, around the same time as Disney+, kicking off the so-called streaming wars. In the coming months, AT&T’s WarnerMedia will launch HBO Max and Comcast’s NBCUniversal roll out Peacock in April.

Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.


Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: william feuer
Keywords: news, cnbc, companies, launch, week, europe, earlier, service, netflixs, company, subscribers, set, planned, disney, streaming


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

United Airlines profits surge nearly 40% on cheaper fuel and strong demand

United Airlines Holdings’ fourth-quarter profits surged nearly 40% in the last three months of 2019 from a year earlier, thanks to strong travel demand and less expensive fuel. The Chicago-based carrier reported earnings and revenue on Tuesday that narrowly beat analysts’ estimates, sending shares up slightly in postmarket trading. United posted net income of $614 million, up 39% from the year-earlier period on revenues of $10.89 billion, nearly 4% higher than a year earlier and slightly above a


United Airlines Holdings’ fourth-quarter profits surged nearly 40% in the last three months of 2019 from a year earlier, thanks to strong travel demand and less expensive fuel.
The Chicago-based carrier reported earnings and revenue on Tuesday that narrowly beat analysts’ estimates, sending shares up slightly in postmarket trading.
United posted net income of $614 million, up 39% from the year-earlier period on revenues of $10.89 billion, nearly 4% higher than a year earlier and slightly above a
United Airlines profits surge nearly 40% on cheaper fuel and strong demand Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: leslie josephs
Keywords: news, cnbc, companies, cheaper, fuel, revenue, planes, nearly, profits, travel, slightly, united, strong, airlines, earnings, analysts, earlier, demand, surge


United Airlines profits surge nearly 40% on cheaper fuel and strong demand

United Airlines Holdings’ fourth-quarter profits surged nearly 40% in the last three months of 2019 from a year earlier, thanks to strong travel demand and less expensive fuel.

The Chicago-based carrier reported earnings and revenue on Tuesday that narrowly beat analysts’ estimates, sending shares up slightly in postmarket trading.

United posted net income of $614 million, up 39% from the year-earlier period on revenues of $10.89 billion, nearly 4% higher than a year earlier and slightly above analyst estimates.

United expanded capacity in the fourth quarter by 2.6% from a year earlier. United is one of the U.S. airlines, along with American and Southwest, that has Boeing 737 Max planes in its fleet. Those planes have been grounded since March after two fatal crashes. Boeing said Tuesday that it doesn’t expect regulators to lift a ban on flying them until the middle of this year.

Boeing’s new timeline is far later than analysts were expecting and presents another headache for airlines: They likely won’t have the fuel-efficient jets available for summer travel season, when U.S. airline revenue generally peaks.

United executives will hold an earnings call at 10:30 a.m. ET on Wednesday and will face questions about the planes and its plans for the year.

The carrier’s per-share earnings came in at $2.67 on an adjusted basis, compared with the $2.65 analysts polled by Refinitiv were expecting.


Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: leslie josephs
Keywords: news, cnbc, companies, cheaper, fuel, revenue, planes, nearly, profits, travel, slightly, united, strong, airlines, earnings, analysts, earlier, demand, surge


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Asia shares set to trade higher with all eyes on upcoming China GDP data

Markets in Asia are set to trade higher on Friday, as traders wait for the release of China’s gross domestic product (GDP) numbers. Futures pointed to a higher open for Japan’s Nikkei 225 as compared with the index’s last close. All eyes will be on the release of China’s GDP data for the fourth quarter on Friday. Data earlier this week also showed that the country’s exports rose for the first time in five months in December, and its imports beat estimates. The offshore yuan traded at 6.8765, as


Markets in Asia are set to trade higher on Friday, as traders wait for the release of China’s gross domestic product (GDP) numbers.
Futures pointed to a higher open for Japan’s Nikkei 225 as compared with the index’s last close.
All eyes will be on the release of China’s GDP data for the fourth quarter on Friday.
Data earlier this week also showed that the country’s exports rose for the first time in five months in December, and its imports beat estimates.
The offshore yuan traded at 6.8765, as
Asia shares set to trade higher with all eyes on upcoming China GDP data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: weizhen tan
Keywords: news, cnbc, companies, china, seen, higher, yuan, gdp, earlier, eyes, release, set, upcoming, data, week, asia, quarter, shares, trade, growth


Asia shares set to trade higher with all eyes on upcoming China GDP data

Markets in Asia are set to trade higher on Friday, as traders wait for the release of China’s gross domestic product (GDP) numbers.

Australia’s S&P/ASX 200 jumped 0.64% in early trade. Futures pointed to a higher open for Japan’s Nikkei 225 as compared with the index’s last close.

All eyes will be on the release of China’s GDP data for the fourth quarter on Friday. A Reuters poll predicted 6% growth from a year earlier. That would be unchanged from the pace in the third quarter, which was believed to be its slowest GDP gain in at least 27½ years.

China’s growth has been hit by the trade dispute with the U.S., among other factors. But both giants signed a “phase one” deal this week, which included some tariff relief. Data earlier this week also showed that the country’s exports rose for the first time in five months in December, and its imports beat estimates.

Ahead of the numbers, the Chinese yuan, which has been appreciating amid trade optimism, was stronger again. The offshore yuan traded at 6.8765, as compared to a high of 6.8945 seen earlier on Thursday. The onshore yuan was last at 6.8769, versus the 6.8899 seen on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: weizhen tan
Keywords: news, cnbc, companies, china, seen, higher, yuan, gdp, earlier, eyes, release, set, upcoming, data, week, asia, quarter, shares, trade, growth


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Eli Lilly targets quarterly deals of $1 billion to $5 billion in 2020, CFO says

Eli Lilly aims to announce roughly one $1 billion to $5 billion deal every quarter in 2020, its chief financial officer told Reuters, as the U.S. drugmaker looks to build up its pipeline of future products. A box of the drug trulicity, made by Eli Lilly Pharmaceutical, sits on a counter at a pharmacy in Provo, Utah, January 9, 2020. “We are looking at Dermira-like opportunities targeting assets in the $1 billion to $5 billion range,” Smiley said. In 2018 and 2019, it announced several deals for


Eli Lilly aims to announce roughly one $1 billion to $5 billion deal every quarter in 2020, its chief financial officer told Reuters, as the U.S. drugmaker looks to build up its pipeline of future products.
A box of the drug trulicity, made by Eli Lilly Pharmaceutical, sits on a counter at a pharmacy in Provo, Utah, January 9, 2020.
“We are looking at Dermira-like opportunities targeting assets in the $1 billion to $5 billion range,” Smiley said.
In 2018 and 2019, it announced several deals for
Eli Lilly targets quarterly deals of $1 billion to $5 billion in 2020, CFO says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17
Keywords: news, cnbc, companies, eli, trulicity, smiley, targets, quarterly, lilly, 2020, including, products, earlier, deals, billion, cfo, medicines, treatment, week


Eli Lilly targets quarterly deals of $1 billion to $5 billion in 2020, CFO says

It will focus largely on earlier stage opportunities across key therapeutic areas including oncology, pain, immunology, and neurology, CFO John Smiley told Reuters in an interview at the JP Morgan Healthcare conference in San Francisco earlier this week.

Eli Lilly aims to announce roughly one $1 billion to $5 billion deal every quarter in 2020, its chief financial officer told Reuters, as the U.S. drugmaker looks to build up its pipeline of future products.

A box of the drug trulicity, made by Eli Lilly Pharmaceutical, sits on a counter at a pharmacy in Provo, Utah, January 9, 2020.

Eli Lilly has been on a deal-making spree in recent years in a bid to increase products and sales in core franchises as older blockbuster medicines, such as diabetes treatment Humalog, face generic competition and pressure to lower prices.

Last week, it announced a $1.1 billion deal to buy dermatology products maker Dermira Inc (DERM.O). With the purchase, Lilly will acquire Dermira’s experimental treatment for atopic dermatitis, a serious form of eczema, which is in late-stage testing, as well as an approved medicated cloth to treat excessive armpit sweating.

“We are looking at Dermira-like opportunities targeting assets in the $1 billion to $5 billion range,” Smiley said. “We’d like to be doing something in the range of one per quarter or so.”

In 2018 and 2019, it announced several deals for cancer companies, including an $8 billion acquisition of Loxo Oncology. U.S. regulators in 2018 approved Vitrakvi, Loxo’s first commercial medicine, which treats a wide variety of cancers triggered by a rare genetic mutation.

In a presentation to investors this week, Lilly Chief Executive David Ricks said most of its deals will be in the cancer space, but that other therapeutic areas remain of strong interest as well.

While the company is still looking at late-stage assets, Smiley said the most opportunity for shareholders is in drugs in earlier stages of development.

Deals could include licensing agreements, outright acquisitions, or other structures, he added.

In its most recent earnings call, Lilly forecast a higher-than-expected profit for 2020, citing growing demand for its newer medicines including diabetes drug Trulicity and Taltz for psoriasis and other related autoimmune diseases.

However, sales of Trulicity and other newer medicines have been crimped by high rebates and discounts drugmakers pay to middlemen, such as pharmacy benefit managers, in order to make sure patients have access to their products.


Company: cnbc, Activity: cnbc, Date: 2020-01-17
Keywords: news, cnbc, companies, eli, trulicity, smiley, targets, quarterly, lilly, 2020, including, products, earlier, deals, billion, cfo, medicines, treatment, week


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Gold slips as signing of trade deal and US data prop up stock markets

An employee arranges gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand on January 13, 2016. Gold slipped on Thursday, as the safe-haven metal was hurt by upbeat U.S. economic data that signalled a healthy economy, and as stock markets climbed on optimism brought about by the signing of the U.S.-China Phase 1 trade deal. World stocks held near record highs, while the dollar index erased earlier losses after multiple data releases painted a positive U.S.


An employee arranges gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand on January 13, 2016.
Gold slipped on Thursday, as the safe-haven metal was hurt by upbeat U.S. economic data that signalled a healthy economy, and as stock markets climbed on optimism brought about by the signing of the U.S.-China Phase 1 trade deal.
World stocks held near record highs, while the dollar index erased earlier losses after multiple data releases painted a positive U.S.
Gold slips as signing of trade deal and US data prop up stock markets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16
Keywords: news, cnbc, companies, stock, sales, markets, rose, record, trade, slips, gold, ounce, retail, economic, earlier, data, signing, deal, market, prop


Gold slips as signing of trade deal and US data prop up stock markets

An employee arranges gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand on January 13, 2016.

Gold slipped on Thursday, as the safe-haven metal was hurt by upbeat U.S. economic data that signalled a healthy economy, and as stock markets climbed on optimism brought about by the signing of the U.S.-China Phase 1 trade deal.

Spot gold fell 0.3% to $1,551.63 per ounce. U.S. gold futures were down 0.14% at $1,551.9.

“Gold is softer right now on stronger equities, and as the geopolitical front is also getting a little quiet when it comes to China and Iran issues,” said Bob Haberkorn, senior market strategist at RJO Futures.

World stocks held near record highs, while the dollar index erased earlier losses after multiple data releases painted a positive U.S. economic picture.

U.S. retail sales rose for a third straight month in December and a U.S. Mid-Atlantic manufacturing activity gauge revived to its highest in eight months.

U.S. holiday sales rose 4.1% in 2019 from a year earlier, as steady wage and jobs growth encouraged shoppers to splurge on groceries, beverages and furniture, the National Retail Federation said.

The much-awaited Phase 1 trade deal was signed by U.S. President Donald Trump and Chinese Vice Premier Liu He on Wednesday, defusing an 18-month-long row that roiled global markets.

Analysts noted the deal fails to address structural economic issues, does not fully eliminate the tariffs, and sets hard-to-achieve purchase targets, leaving a number of sore spots unresolved.

Elsewhere, palladium gained 1% to $2,285.18 an ounce, after hitting a record peak of $2,395.14 earlier in the session.

“It’s such a small, tight market that when someone takes a big lump of supply out in the short term the market can become completely ruptured”, said Tai Wong, head of base and precious metals derivatives trading at BMO.

“I’d be surprised if we don’t see a correction sometime in the next week or so.”

Platinum dipped 1.6% to $1,004.02, having hit its highest since February 2017 at $1,041.05.

Both platinum and palladium are primarily used by automakers for catalytic converter manufacturing to clean car exhaust fumes.

Silver fell 0.2% to $17.95 per ounce.


Company: cnbc, Activity: cnbc, Date: 2020-01-16
Keywords: news, cnbc, companies, stock, sales, markets, rose, record, trade, slips, gold, ounce, retail, economic, earlier, data, signing, deal, market, prop


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post