16 November, 2015 by The TZ Newswire Staff Comments Off on U.S. investigative panel to look into drug pricing next year
U.S. investigative panel to look into drug pricing next year
A U.S. House of Representatives investigative panel said it plans to hold a 2016 hearing on skyrocketing drug costs, a move that comes at a time when Valeant Pharmaceuticals International is facing increased scrutiny into its pricing practices. A spokeswoman for the U.S. House Committee on Oversight & Government Reform said on Monday the panel is conducting a thorough investigation into drug pricing and has reached out to drug companies to gather information. Earlier this month, the U.S.
16 November, 2015 by The TZ Newswire Staff Comments Off on Soros Fund Management exits its bet on Herbalife
Soros Fund Management exits its bet on Herbalife
Soros Fund Management, one of the hedge funds industry’s most closely watched investors, exited its bet on Herbalife (HLF.N), the nutrition company that rival investor William Ackman has called a fraud. Soros, which has been betting on Herbalife for roughly two years, said in a regulatory filing that it liquidated its position by selling nearly 2 million shares during the third quarter. Soros oversees the private fortune of investor and philanthropist George Soros and his family.
16 November, 2015 by The TZ Newswire Staff Comments Off on U.S. oil prices edge up on Paris attack tensions, but market remains oversupplied
U.S. oil prices edge up on Paris attack tensions, but market remains oversupplied
U.S. crude oil prices edged up in early trading in Asia on Tuesday, lifting it further away from over two-months lows seen last week, as traders price in a risk premium following the Paris attacks and the resulting French airstrikes in Syria. Despite the lift, analysts said that prices would likely remain at low levels as oil markets remain oversupplied, with most estimates for 2015 ranging from production outpacing demand by 0.7-2.5 million barrels per day, and many speculators have positioned themselves for further price falls. Front-month U.S.
16 November, 2015 by The TZ Newswire Staff Comments Off on The Delirium Of Milliards – How Monetary Heroin Tempts Hyperinflation
The Delirium Of Milliards – How Monetary Heroin Tempts Hyperinflation
Submitted by Jefff Thomas via InternationalMan.com,
Recently, I received an article by Alasdair Macleod, entitled “Economics of a Crash.” It’s an excellent overview of what’s to come over the next few years.
In reading the article, I was particularly taken by this reference:
16 November, 2015 by The TZ Newswire Staff Comments Off on PBOC sets yuan reference rate for today at 6.3740
PBOC sets yuan reference rate for today at 6.3740
First lower USD/CNY (i.e. a strengthening of the yuan) set for 11 days
– yesterday’s close was 6.3724
– yesterday’s mid point was set at 6.3750
PBOC injects 10bn yuan via 7 day reverse repos today
16 November, 2015 by The TZ Newswire Staff Comments Off on EUR posting new session lows
EUR posting new session lows
EUR/USD and EUR crosses are taking a bit of a hit
EUR/USD is now below the overnight low and pressing on with the downtrend (on the time frame of this chart, anyway):
16 November, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: DraftKings, FanDuel lose in effort to block New York shutdown
The Wall Street Journal: DraftKings, FanDuel lose in effort to block New York shutdown
Efforts by the two biggest daily fantasy-sports companies to prevent New York’s attorney general from shuttering their operations in the state were shot down Monday.
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