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
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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
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Here are Credit Suisse’s 10 ‘surprises’ for 2020, including a big market prediction

A trader works on the floor of the New York Stock Exchange (NYSE) in New York. The market started 2020 on a strong note as easing geopolitical tensions lifted stocks to all-time highs, and according to one strategist, this year’s rally is just getting started. In Credit Suisse’s annual list of “10 surprises,” global equity strategist Andrew Garthwaite said the S&P could rise another 25%. Other predictions include oil finishing the year as one of the three best-performing sectors, as well as Chin


A trader works on the floor of the New York Stock Exchange (NYSE) in New York.
The market started 2020 on a strong note as easing geopolitical tensions lifted stocks to all-time highs, and according to one strategist, this year’s rally is just getting started.
In Credit Suisse’s annual list of “10 surprises,” global equity strategist Andrew Garthwaite said the S&P could rise another 25%.
Other predictions include oil finishing the year as one of the three best-performing sectors, as well as Chin
Here are Credit Suisse’s 10 ‘surprises’ for 2020, including a big market prediction Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: pippa stevens
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Here are Credit Suisse's 10 'surprises' for 2020, including a big market prediction

A trader works on the floor of the New York Stock Exchange (NYSE) in New York.

The market started 2020 on a strong note as easing geopolitical tensions lifted stocks to all-time highs, and according to one strategist, this year’s rally is just getting started.

In Credit Suisse’s annual list of “10 surprises,” global equity strategist Andrew Garthwaite said the S&P could rise another 25%. Other predictions include oil finishing the year as one of the three best-performing sectors, as well as China’s GDP growth rate hitting a three-decade low and the technology sector underperforming.

A “surprise” on the list, which has been published for nearly 30 years and includes five positive and five negative outcomes, is defined as an event outside the firm’s core scenario, but one where the distribution skews.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: pippa stevens
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Google teams up with AirAsia to launch new tech academy

As digital disruption continues to weigh heavy on future job security, Southeast Asian airline AirAsia has teamed up Google to launch a new tech academy to reskill employees. The first of its kind “AirAsia Google Cloud Academy” will be managed by AirAsia’s venture arm, RedBeat Ventures, and will offer courses including digital marketing, software engineering and tech infrastructure design — all of which will be accredited by the Silicon Valley tech giant. “Together we’re working to upskill AirAs


As digital disruption continues to weigh heavy on future job security, Southeast Asian airline AirAsia has teamed up Google to launch a new tech academy to reskill employees.
The first of its kind “AirAsia Google Cloud Academy” will be managed by AirAsia’s venture arm, RedBeat Ventures, and will offer courses including digital marketing, software engineering and tech infrastructure design — all of which will be accredited by the Silicon Valley tech giant.
“Together we’re working to upskill AirAs
Google teams up with AirAsia to launch new tech academy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: karen gilchrist
Keywords: news, cnbc, companies, cloud, digital, tech, fernandes, academy, launch, google, airline, including, teams, airasia


Google teams up with AirAsia to launch new tech academy

As digital disruption continues to weigh heavy on future job security, Southeast Asian airline AirAsia has teamed up Google to launch a new tech academy to reskill employees.

The first of its kind “AirAsia Google Cloud Academy” will be managed by AirAsia’s venture arm, RedBeat Ventures, and will offer courses including digital marketing, software engineering and tech infrastructure design — all of which will be accredited by the Silicon Valley tech giant.

Google Cloud’s Southeast Asia regional director Tim Synan said in a statement to CNBC Make It that the deal would enable participants to better understand its technology.

“Together we’re working to upskill AirAsia AllStars with relevant expertise in Google Cloud technologies and build deep technical knowledge and Cloud expertise including Kubernetes, smart analytics, Cloud AI and more,” he said.

AirAsia has partnered with Google since 2018, when it struck a deal to integrate Google Cloud’s machine learning capabilities to improve its digital capabilities.

AirAsia did not immediately confirm further details on the training facility. AirAsia’s head office is in Kuala Lumpur, Malaysia.

The airline’s group president, Aireen Omar, told the Nikkei Asian Review the academy will initially open to current employees next month, before being extended to the public by year end.

She said that the launch is part of the budget carrier’s long-term strategy to prepare workers for the shifting jobs landscape.

“More jobs might become redundant in the next three years, so we are giving our employees the opportunities to reskill to suit the digital economy,” Omar told Nikkei.

The launch of a tech academy is the latest move by AirAsia founder Tony Fernandes to diversify his business for the digital age.

Last year, the airline announced that it would begin selling flights from more than 100 rival carriers as part of Fernandes’ ambition to become the “Amazon of travel.”

Elsewhere, RedBeat Ventures has acquired a string of non-airline businesses, including online ticketing site RedTix, payments platform BigPay and cargo and parcel firms RedCargo and RedBox Logistics, to bolster the company’s revenue streams.

In December, AirAsia announced the launch of its first restaurant selling airline food. Fernandes said at the time that he hoped Santan and T&Co’s Kuala Lumpur, Malaysia outlet — which serves meals from RM15 ($3.60) — would be the first in a line of AirAsia restaurants, with a Times Square location dubbed the “dream.”

Don’t miss: This 32-year-old tech start-up founder wants would-be entrepreneurs to know 2 things

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Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: karen gilchrist
Keywords: news, cnbc, companies, cloud, digital, tech, fernandes, academy, launch, google, airline, including, teams, airasia


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In climate push, Microsoft to erase its carbon footprint from atmosphere

Microsoft plans to cut its carbon emissions by more than half by 2030 across its supply chain. He added that Microsoft will also expand an internal fee that it has charged to its business groups to account for their carbon emissions. That money is used, then, for us to invest in our work to reduce our carbon emissions, he said. Microsoft plans to become net zero carbon a decade earlier than Amazon, although this is in part because its emissions are roughly a third less. Microsoft expects to rele


Microsoft plans to cut its carbon emissions by more than half by 2030 across its supply chain.
He added that Microsoft will also expand an internal fee that it has charged to its business groups to account for their carbon emissions.
That money is used, then, for us to invest in our work to reduce our carbon emissions, he said.
Microsoft plans to become net zero carbon a decade earlier than Amazon, although this is in part because its emissions are roughly a third less.
Microsoft expects to rele
In climate push, Microsoft to erase its carbon footprint from atmosphere Cached Page below :
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In climate push, Microsoft to erase its carbon footprint from atmosphere

Microsoft said on Thursday it aims to remove more carbon from the atmosphere than it emits by 2030 and that by 2050, it hopes to have taken out enough to account for all the direct emissions the company has ever made.

The focus on removing existing carbon from the atmosphere sets Microsoft’s climate goals apart from other corporate pledges which have focused on cutting ongoing emissions or preventing future ones.

Speaking from a stage at Microsofts headquarters in Redmond, Washington, Chief Executive Satya Nadella said that corporations need to create profitable solutions for the problems of both people and planet.

If the last decade has taught us anything, its that technology built without these principles can do more harm than good, he said. We must begin to offset the damaging effects of climate change, he said, adding if global temperatures continue to rise unabated the results will be devastating.

The announcement by the world’s largest software company is the latest in a flurry of climate goals set out by firms after President Donald Trump announced in 2017 his decision to pull the United States out of the Paris Agreement, the global pact to fight climate change.

Microsoft plans to cut its carbon emissions by more than half by 2030 across its supply chain. The plan includes the creation of a “Climate Innovation Fund,” which will invest $1 billion over the next four years to speed up the development of carbon removal technology.

The effort “will require technology by 2030 that doesn’t fully exist today,” Microsoft President Brad Smith said.

He added that Microsoft will also expand an internal fee that it has charged to its business groups to account for their carbon emissions.

Since 2012, Microsoft assessed the fee on direct emissions, electricity use and air travel, among other activities, but will expand it to cover all Microsoft-related emissions.

That money is used, then, for us to invest in our work to reduce our carbon emissions, he said.

Co-founder Bill Gates was an early backer of British Columbia-based Carbon Engineering, one of a handful of companies developing direct air capture technology.

Microsoft’s goal to have removed enough carbon by 2050 to account for all its emissions since its founding in 1975 encompasses direct emissions from sources such as company vehicles and indirect emissions from electricity use, it said.

But even as technology companies have stepped in with their own climate goal plans, they have faced criticism from their employees for doing too little.

Amazon, the world’s largest online retailer, last year pledged to be “net zero carbon” by 2040 and to buy 100,000 electric delivery vans from a startup, after employee activists pushed the retailer to take a tougher stance on climate change.

Microsoft plans to become net zero carbon a decade earlier than Amazon, although this is in part because its emissions are roughly a third less.

Microsoft expects to release 16 million metric tons of CO2 in 2020, including indirect emissions from activities like corporate travel.

Amazon runs a bigger cloud business than Microsoft and a massive retail and logistics organization, with packaging, delivery and customer trips to its chain of Whole Foods stores all piling on to its carbon footprint. Including indirect sources, it emitted more than 44 million metric tons of carbon in 2018.

It was not immediately clear if the figures reported by the companies were exactly comparable.

Both Microsoft and Amazon have come under fire from activist tech workers who have demanded they stop supplying technology to oil and gas companies. Microsoft in 2017 announced a multi-year deal to sell cloud services to U.S. energy giant Chevron.

In a blog post, Microsoft on Thursday reiterated its commitment to working with oil and gas companies.

“Its imperative that we enable energy companies to transition, including to renewable energy and to the development and use of negative emission technologies like carbon capture and storage and direct air capture,” Microsoft said.


Company: cnbc, Activity: cnbc, Date: 2020-01-16
Keywords: news, cnbc, companies, atmosphere, including, footprint, technology, climate, direct, carbon, emissions, companies, erase, indirect, microsoft, plans, push


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Alphabet, Google’s parent company, hits trillion-dollar market cap for first time

Apple was the first to hit the market cap milestone in 2018. Google parent-company Alphabet has hit $1 trillion in market capitalization, making it the fourth U.S. company to hit the milestone. Shares of Google’s parent company rose nearly 1% after Bank of America raised its price target on Alphabet’s stock in January, saying it sees a healthy advertising business for Alphabet among other things. The stock dropped 7.5%, shaving more than $67 billion from its market cap. The company’s stock fell


Apple was the first to hit the market cap milestone in 2018.
Google parent-company Alphabet has hit $1 trillion in market capitalization, making it the fourth U.S. company to hit the milestone.
Shares of Google’s parent company rose nearly 1% after Bank of America raised its price target on Alphabet’s stock in January, saying it sees a healthy advertising business for Alphabet among other things.
The stock dropped 7.5%, shaving more than $67 billion from its market cap.
The company’s stock fell
Alphabet, Google’s parent company, hits trillion-dollar market cap for first time Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: jennifer elias
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Alphabet, Google's parent company, hits trillion-dollar market cap for first time

Analysts are bullish on the company’s newly appointed CEO, Sundar Pichai. In a surprise announcement in December 2019, Alphabet founder Larry Page announced plans to step down as CEO, along with co-founder and president Sergey Brin.

Apple was the first to hit the market cap milestone in 2018. Then, Microsoft and Amazon followed. Apple and Microsoft are still valued at more than a trillion dollars while Amazon has since fallen below the mark.

Google parent-company Alphabet has hit $1 trillion in market capitalization, making it the fourth U.S. company to hit the milestone.

Pichai had already been the CEO of Google, which includes all the company’s core businesses — including search, advertising, YouTube and Android — and generates substantially all its revenue and profits. But he reported to Page, who also oversaw other businesses making long-term bets on experimental technology like self-driving cars and package delivery drones. Now, he’s in charge of the whole conglomerate, although Page and Brin still have control over most of the company’s voting shares, giving them significant influence in major decisions.

Optimism also comes from the company’s growth in its Cloud business, which — while still far behind the leader Amazon and runner-up Microsoft — doubled its revenue run rate from $1 billion to $2 billion per quarter between Feb. 2018 and July 2019. The company expects similar growth in the year ahead as it continues pouring extensive resources, including tripling its sales force and boosting its Google Cloud Health segment. However, the business does face challenges as it contends with issues surrounding trust perceptions.

Some analyst firms have also noted the company’s stabilized advertising business.

In December, Stifel hiked its price target for Alphabet to $1,525 from $1,325, a 14% upside. Shares of Google’s parent company rose nearly 1% after Bank of America raised its price target on Alphabet’s stock in January, saying it sees a healthy advertising business for Alphabet among other things.

That would be a reversal from recent trends: Last spring, Alphabet closed its worst day since April 2010 after reporting slowing advertising numbers. The stock dropped 7.5%, shaving more than $67 billion from its market cap.

Then, during its third-quarter earnings, it missed earnings per share expectations and showed slowing profit. The company’s stock fell as much as 4% in after hours trading, but eventually recovered at 2%.

The company also faces a number of cultural clashes including a fresh investigation by the U.S. National Labor Relations Board and various state and federal antitrust probes.

With a roughly $620 billion valuation, Facebook appears to be the next likely trillion-dollar tech contender.

Alphabet reports fourth-quarter and full-year 2019 earnings on Feb. 3.


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: jennifer elias
Keywords: news, cnbc, companies, parent, cap, microsoft, advertising, billion, trilliondollar, including, page, hits, googles, stock, companys, alphabet, company, market


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Everything Jim Cramer said about the stock market on ‘Mad Money,’ including climate change, Microsoft sustainability, GW Pharma CBD sales

The “Mad Money” host sat down with the CEO and CFO of Microsoft to get a deeper look in to the software giant’s ambitious sustainability plan. Later in the show he got insight into CBD medicine sales with the head of British pharmaceutical company GW Pharmaceuticals. Cramer is bullish on Microsoft’s ambitious sustainability plansSatya Nadella, chief executive officer of Microsoft Corp., speaks during a climate initiative event at the Microsoft Corp. campus in Redmond, Washington, U.S., on Thursd


The “Mad Money” host sat down with the CEO and CFO of Microsoft to get a deeper look in to the software giant’s ambitious sustainability plan.
Later in the show he got insight into CBD medicine sales with the head of British pharmaceutical company GW Pharmaceuticals.
Cramer is bullish on Microsoft’s ambitious sustainability plansSatya Nadella, chief executive officer of Microsoft Corp., speaks during a climate initiative event at the Microsoft Corp. campus in Redmond, Washington, U.S., on Thursd
Everything Jim Cramer said about the stock market on ‘Mad Money,’ including climate change, Microsoft sustainability, GW Pharma CBD sales Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: tyler clifford
Keywords: news, cnbc, companies, ambitious, including, company, medicine, sales, market, think, cramer, plan, microsoft, sustainability, pharma, corp, mad, stock, jim, money


Everything Jim Cramer said about the stock market on 'Mad Money,' including climate change, Microsoft sustainability, GW Pharma CBD sales

CNBC’s Jim Cramer stressed why it’s important for American business to become more environmentally conscious. The “Mad Money” host sat down with the CEO and CFO of Microsoft to get a deeper look in to the software giant’s ambitious sustainability plan. Later in the show he got insight into CBD medicine sales with the head of British pharmaceutical company GW Pharmaceuticals.

Cramer is bullish on Microsoft’s ambitious sustainability plans

Satya Nadella, chief executive officer of Microsoft Corp., speaks during a climate initiative event at the Microsoft Corp. campus in Redmond, Washington, U.S., on Thursday, Jan. 16, 2020. David Ryder | Bloomberg | Getty Images

Microsoft is on a mission to become carbon negative in the next decade, and CNBC’s Jim Cramer thinks the ambitious plan has some teeth to it. “I think they can do it because, remember, they are a powerful force — maybe the most powerful, especially when it comes to data centers, of almost any company on Earth,” the “Mad Money” host said about the new imitative. “So I think they can make an impact. I think this is real. This is not greenwash.”

Microsoft gets friendlier with the earth

Satya Nadella, chief executive officer of Microsoft Corp., speaks during a climate initiative event at the Microsoft Corp. campus in Redmond, Washington, U.S., on Thursday, Jan. 16, 2020. David Ryder | Bloomberg | Getty Images

The science is clear that environmental sustainability must factor in a corporation’s growth plans, or the capitalist and economic system the U.S. enjoys “will fundamentally be in jeopardy,” Microsoft CEO Satya Nadella told CNBC. “The corporation’s purpose is to find profitable solutions to the problems of people and planet,” he said in a sit down with Cramer, citing author and University of Oxford business professor Colin Mayer. “‘Profitable’ is the key word, but ‘problems’ is the other key word for people and planet.” The comments came after Microsoft, the world’s largest software company, announced an ambitious green plan intended to eliminate its carbon footprint and remove the amount of carbon it has emitted over the decades.

GW Pharma sells $296 million worth of CBD medicine in 2019

Cannabis leaves sit on plants growing in a greenhouse in the GW Pharmaceuticals Plc facility in Sittingboune, U.K. on Monday, Oct. 29, 2018. Jason Alden | Bloomberg | Getty Images

Preliminary sales figures for the first cannabis-based medicine in the United States are in and they’re telling a bullish story, according to GW Pharmaceuticals CEO Justin Gover. Epidiolex, which contains cannabidiol to treat severe forms of epilepsy, brought in $104 million in net sales in the fourth quarter and a total of $296 million in 2019 across the globe, the British pharmaceutical company preannounced for its quarterly and full-year performances. “It’s an incredible launch year for any medication [that] I think proves that this kind of medicine is really making a difference to patients,” Gover told Cramer in an interview. “It shows real value to the health-care system, and it sets us up, I think, in a very nice way for what should be another great year for us in 2020.”

Cramer’s lightning round


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: tyler clifford
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Greta Gerwig: Movies about women are ‘not a bad investment’

Greta Gerwig makes movies for women and about women, including 2017’s “Ladybird” and 2019’s adaptation of “Little Women.” Both films received critical acclaim and multiple Oscar nominations, including Best Picture. But Gerwig’s fans were furious this week when she didn’t get a Best Director nod for “Little Women,” despite the film getting six nominations including Best Adapted Screenplay. For Gerwig, the hardest part of being a woman in a male-dominated industry is convincing others that stories


Greta Gerwig makes movies for women and about women, including 2017’s “Ladybird” and 2019’s adaptation of “Little Women.”
Both films received critical acclaim and multiple Oscar nominations, including Best Picture.
But Gerwig’s fans were furious this week when she didn’t get a Best Director nod for “Little Women,” despite the film getting six nominations including Best Adapted Screenplay.
For Gerwig, the hardest part of being a woman in a male-dominated industry is convincing others that stories
Greta Gerwig: Movies about women are ‘not a bad investment’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: emmie martin
Keywords: news, cnbc, companies, gerwig, investment, bad, best, nominations, movies, woman, told, including, greta, little, womens, women


Greta Gerwig: Movies about women are 'not a bad investment'

Greta Gerwig makes movies for women and about women, including 2017’s “Ladybird” and 2019’s adaptation of “Little Women.” Both films received critical acclaim and multiple Oscar nominations, including Best Picture. But Gerwig’s fans were furious this week when she didn’t get a Best Director nod for “Little Women,” despite the film getting six nominations including Best Adapted Screenplay. It was a move that many saw as a snub. No women were nominated in the category. In spite of the outrage on her behalf, Gerwig takes a more positive view of the industry, hanging on to the belief that things are generally moving in the right direction for women in Hollywood. “There have been great strides, and we’ve got to keep going: keep writing, keep making, keep doing,” she told the New York Times on Monday following the Academy Awards nominations announcement. For Gerwig, the hardest part of being a woman in a male-dominated industry is convincing others that stories about women are worth producing. “Women’s stories are commercial,” she tells CNBC Make It. “They are not niche. They can they can reach a large audience. Lots of people can go see them.”

The success of movies such as “Wonder Woman” and “Hustlers” have helped pave the way, but women still have to go through the “process of convincing people that financing movies about women is not a bad investment,” says Gerwig. “It’s a really good investment.” Proving that women’s stories are commercial is a two-fold problem, she says. It’s not just about getting more women in the director’s chair, but showing “the subject — stories of women and girls — as being something that’s financially viable” as well. The more those stories are told and shared, the more space is created for other women to follow.


Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: emmie martin
Keywords: news, cnbc, companies, gerwig, investment, bad, best, nominations, movies, woman, told, including, greta, little, womens, women


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Lululemon raises its quarterly forecast after upbeat holiday sales

Lululemon Athletica raised its quarterly sales and profit outlook on Monday, boosted by strong holiday season demand. Lululemon in December had forecast its holiday quarter sales largely below Wall Street expectations. The Vancouver, Canada-based company’s improved forecast comes after retailers including Kohl’s, Macy’s, and J.C. Penney reported mixed holiday results amid competition from e-commerce giants including Amazon.com. Lululemon also raised its quarterly net revenue forecast to between


Lululemon Athletica raised its quarterly sales and profit outlook on Monday, boosted by strong holiday season demand.
Lululemon in December had forecast its holiday quarter sales largely below Wall Street expectations.
The Vancouver, Canada-based company’s improved forecast comes after retailers including Kohl’s, Macy’s, and J.C. Penney reported mixed holiday results amid competition from e-commerce giants including Amazon.com.
Lululemon also raised its quarterly net revenue forecast to between
Lululemon raises its quarterly forecast after upbeat holiday sales Cached Page below :
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Lululemon raises its quarterly forecast after upbeat holiday sales

Lululemon Athletica raised its quarterly sales and profit outlook on Monday, boosted by strong holiday season demand.

The athleisure apparel retailer now expects profit per share for the quarter ending Feb. 2 to be between $2.22 and $2.25, up from its prior range of $2.10 to $2.13.

Lululemon in December had forecast its holiday quarter sales largely below Wall Street expectations.

The Vancouver, Canada-based company’s improved forecast comes after retailers including Kohl’s, Macy’s, and J.C. Penney reported mixed holiday results amid competition from e-commerce giants including Amazon.com.

Lululemon also raised its quarterly net revenue forecast to between $1.37 billion and $1.38 billion, from $1.32 billion to $1.33 billion.

The company’s shares, which have risen 1.4% so far this year, nearly doubled in 2019.


Company: cnbc, Activity: cnbc, Date: 2020-01-13
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Wall Street analysts say invest in these top stocks in 2020 including McDonald’s & Facebook

Wall Street analysts say there’s no shortage of high quality stocks with upside for investors as 2020 gets underway. Many analysts named their top picks this week and CNBC looked at the most recent research to find the best picks. Stocks include Verizon, McDonald’s, Estee Lauder, Facebook, Simon Property Group, and ViacomCBS. “As a result, we believe McDonald’s offers the most favorable risk/reward in our coverage into 2020,” analyst David Palmer said. “We believe investors long this stock will


Wall Street analysts say there’s no shortage of high quality stocks with upside for investors as 2020 gets underway.
Many analysts named their top picks this week and CNBC looked at the most recent research to find the best picks.
Stocks include Verizon, McDonald’s, Estee Lauder, Facebook, Simon Property Group, and ViacomCBS.
“As a result, we believe McDonald’s offers the most favorable risk/reward in our coverage into 2020,” analyst David Palmer said.
“We believe investors long this stock will
Wall Street analysts say invest in these top stocks in 2020 including McDonald’s & Facebook Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-11  Authors: michael bloom
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Wall Street analysts say invest in these top stocks in 2020 including McDonald's & Facebook

Wall Street analysts say there’s no shortage of high quality stocks with upside for investors as 2020 gets underway.

Many analysts named their top picks this week and CNBC looked at the most recent research to find the best picks. Stocks include Verizon, McDonald’s, Estee Lauder, Facebook, Simon Property Group, and ViacomCBS.

McDonald’s will be at the forefront of marketing and innovation this year, and that’s just one reason that Evercore ISI said the company is its top pick in 2020.

The firm said in a note to clients it sees a stronger breakfast focus along with McDonald’s first new advertising campaign in many years. In addition, the company is testing out what Evercore says is an “improved premium chicken sandwich.”

The company also continues to be innovative on the technical front by launching a digital customer engagement team to better interact with customers.

“As a result, we believe McDonald’s offers the most favorable risk/reward in our coverage into 2020,” analyst David Palmer said.

Disney, Apple, and Netflix may be getting all the attention in the streaming wars, but there’s another media company one analyst says not to overlook.

“With 2020 now upon us, we are making the newly-formed ViacomCBS our top pick,” Imperial Capital analyst David Miller said.

While the company continues to produce content for Netflix and Amazon, the firm notes that ViacomCBS has the ability to retain programming for later use on its own platforms such as its over-the-top subscription streaming service like CBS All Access and Showtime.

The firm also praised the company’s upcoming movie slate calling it “as good as we have ever seen it” with titles like “Mission Impossible 7” and “Top Gun Maverick” from Paramount.

“We believe investors long this stock will enjoy a number of unique catalysts throughout 2020,” the analyst said.

As the election season heats up, Facebook is another top name to watch, according to Canaccord.

The company said this week it would let people see fewer political ads, but it has continued to face criticism after it said it wouldn’t fact-check political advertising on the social media giant’s website.

Still, Canaccord believes that political advertising spending may give the company a boost leading to earnings beats in 2020. In addition, the firm said it thinks Facebook’s Stories, a live video feature, will also lead to more viewing of ads.

“Looking forward, we think Facebook likely has the biggest upside to estimates in 2020, given the ongoing transition to Stories monetization and likely conservative outlook,” they said.

Here are other top picks by analysts this week:


Company: cnbc, Activity: cnbc, Date: 2020-01-11  Authors: michael bloom
Keywords: news, cnbc, companies, mcdonalds, picks, firm, wall, say, stocks, analyst, analysts, company, 2020, facebook, political, including, week, street, invest


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Democratic megadonor Haim Saban will not back a 2020 presidential candidate until after Super Tuesday

One of the wealthiest Democratic megadonors has decided to remain uncommitted to any of the presidential candidates until after the pivotal primaries of Super Tuesday. The delegate-rich day is scheduled for March 3, with contests in 14 states, including his home state of California. Many of the candidates, including Biden, Sens. Bernie Sanders, Elizabeth Warren and former mayors Pete Buttigieg and Mike Bloomberg, have opened offices in various Super Tuesday states. The Saban family foundation ha


One of the wealthiest Democratic megadonors has decided to remain uncommitted to any of the presidential candidates until after the pivotal primaries of Super Tuesday.
The delegate-rich day is scheduled for March 3, with contests in 14 states, including his home state of California.
Many of the candidates, including Biden, Sens.
Bernie Sanders, Elizabeth Warren and former mayors Pete Buttigieg and Mike Bloomberg, have opened offices in various Super Tuesday states.
The Saban family foundation ha
Democratic megadonor Haim Saban will not back a 2020 presidential candidate until after Super Tuesday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-10  Authors: brian schwartz
Keywords: news, cnbc, companies, democratic, saban, decided, president, running, including, million, candidate, states, super, megadonor, 2020, presidential, candidates, haim


Democratic megadonor Haim Saban will not back a 2020 presidential candidate until after Super Tuesday

Haim Saban, chairman and chief executive officer of Saban Capital Group, arrives ahead of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Tuesday, July 9, 2019.

One of the wealthiest Democratic megadonors has decided to remain uncommitted to any of the presidential candidates until after the pivotal primaries of Super Tuesday.

Haim Saban, the media mogul who helped power Hillary Clinton’s presidential campaign in 2016, will wait until after Super Tuesday has concluded to decide how he will be involved in the race for president, according to people with direct knowledge of the matter who declined to be named as this decision was made in private. The delegate-rich day is scheduled for March 3, with contests in 14 states, including his home state of California.

Saban in the meantime will continue backing Democrats running for Congress, these people added.

The declaration means none of the presidential candidates will see assistance from Saban for at least another two months, leaving an influential donor on the sidelines at a time when the contenders need financial resources to compete in often expensive states. Democrats running for president combined to raise well over $100 million in the fourth quarter.

A spokeswoman for Saban did not return a request for comment.

Saban’s sidelining differs from what some other Hollywood executives are planning. Film producer Jeffrey Katzenbeg, for instance, has contributed to a variety of candidates and is listed as one of former Vice President Joe Biden’s personal fundraisers, also known as bundlers.

Super Tuesday accounts for about 40% of the total delegate allocation, which means whoever picks up the most victories that day will likely be the front-runner to capture the Democratic nomination. Many of the candidates, including Biden, Sens. Bernie Sanders, Elizabeth Warren and former mayors Pete Buttigieg and Mike Bloomberg, have opened offices in various Super Tuesday states. Biden is the current primary leader with 29% of the vote, according to a Real Clear Politics polling average.

Bloomberg has spent millions of dollars on TV ads in those regions such as Texas, California, Alabama and Massachusetts. Bloomberg has a net worth of $56 billion and has decided to self-fund his entire campaign.

Saban, an Israeli-American who has a net worth of $2.8 billion and is behind the “Mighty Morphin Power Rangers” and other popular entertainment franchises, has been quiet about committing to one candidate. In an interview with The Hollywood Reporter, he said he’s a fan of all the candidates except one.

“We love all 23 candidates,” he told the publication in July. “No, minus one. I profoundly dislike Bernie Sanders, and you can write it. I don’t give a hoot. He’s a communist under the cover of being a socialist. He thinks that every billionaire is a crook. He calls us ‘the billionaire class.’ And he attacks us indiscriminately. ‘It’s the billionaire class, the bad guys.’ This is how communists think. So, 22 are great. One is a disaster zone.”

Although he hasn’t contributed to candidates for the top of the ballots yet, he has been consistently supported House and Senate Democrats.

In the 2016 race, he and wife gave just over $12 million to the pro-Clinton super PAC Priorities USA Action, according to the nonpartisan Center for Responsive Politics. The Saban family foundation has given at least $10 million to the Clinton Foundation, the group’s website says.

While the megadonor has not decided whom to support, he has previously sent checks to some of the current crop of contenders when they were running in other elections, including two $2,700 checks to Warren’s Senate reelection campaign in 2018.


Company: cnbc, Activity: cnbc, Date: 2020-01-10  Authors: brian schwartz
Keywords: news, cnbc, companies, democratic, saban, decided, president, running, including, million, candidate, states, super, megadonor, 2020, presidential, candidates, haim


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