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European Venture Investment Reaches All-Time High

18 January 2019 - PRNewswire

SEATTLE, Jan. 18, 2019 /PRNewswire/ -- Europe's venture capital investment eclipsed ...

Full story available on Benzinga.com

The Daily Biotech Pulse: Regulatory Roadblock For Immunomedics, AdCom Split On Lexicon's Diabetes Drug

18 January 2019 - Shanthi Rexaline

Here's a roundup of top developments in the biotech space over the last 24 hours.

Scaling The Peak

(Biotech stocks hitting 52-week highs on Jan. 17)

Avenue Therapeutics Inc (NASDAQ: ATXI) BioSpecifics Technologies Corp. (NASDAQ: BSTC) Regeneron Pharmaceuticals Inc (NASDAQ: REGN) Down In The Dumps

(Biotech stocks hitting 52-week lows on Jan. 17)

Amneal Pharmaceuticals Inc (NYSE: AMRX) Avrobio Inc (NASDAQ: AVRO) Neuronetics Inc (NASDAQ: STIM) Sesen Bio Inc (NASDAQ: SESN) Stock In Focus FDA Panel Divided On Lexicon-Sanofi's Diabetes Drug

Lexicon Pharmaceuticals, Inc. (NASDAQ: LXRX) said the FDA's Endocrinology and Metabolic Advisory Committee voted 8 to 8 on whether the benefit-risk profile supports the approvability of Sotagliflozin, which it co-develops with Sanofi SA (NASDAQ: SNY).

Sotagliflozin is an investigational oral dual SGLT1 and SGLT2 inhibitor being reviewed as an adjunct to insulin for treating adults with Type 1 diabetes.

The stock plunged 22.08 percent to $6 in after-hours trading.

FDA Issues Complete Response Letter For Immunomedics' Breast Cancer Drug

Immunomedics, Inc. (NASDAQ: IMMU) said the FDA has handed down a complete response letter for its BLA for Sactuzumab Govitecan, its investigational candidate for metastatic triple-negative breast cancer, or TNBC, in patients who have previously received at least two prior therapies.

"The issues related to approvability in the ...

Full story available on Benzinga.com

John Bogle Reading List: 5 Books by the Father of Index Funds

17 January 2019 - Staff Author

Vanguard founder John C. Bogle, who changed investing forever for ordinary Americans, wrote a dozen books over his lifetime, selling over 1.1 million copies worldwide.

Stocks to Watch: DuPont, Nike, KB Home are stocks to watch

27 June 2014

Among the companies whose shares are expected to see active trade in Friday’s session are DuPont, Nike, and KB Home.

Closed-End Funds Have Rebounded In 2019

18 January 2019

Newmont Strikes Back

18 January 2019

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Long-Term Growth Stocks - Cramer's Mad Money (12/11/18)

12 December 2018

Tesla is facing 'hard times ahead' as it cuts 7% of its workforce

18 January 2019 - Stan Schroeder

Tesla is reducing its full-employee headcount by 7%, Elon Musk announced in an email sent to employees on Friday.

The layoffs are necessary if the company plans to keep turning profit as it starts delivering cheaper variants of the Model 3, Musk wrote. The company will also retain only the "most critical" temps and contractors.

SEE ALSO: Elon Musk makes it more expensive to own a Tesla

"Tesla will need to make these cuts while increasing the Model 3 production rate and making many manufacturing engineering improvements in the coming months. Higher volume and manufacturing design improvements are crucial for Tesla to achieve the economies of scale required to manufacture the standard range (220 mile), standard interior Model 3 at $35k and still be a viable company. There isn't any other way," Musk wrote. Read more...

More about Tesla, Tech, Transportation, and Big Tech Companies

S&P 500 - Recession and the first bullish correction.

18 January 2019

For those that followed my prediction for the top of the market and the crash (https://www.tradingview.com/chart/SPY/Af0T5w7d-SP500-SPX-ES-SPY-Taking-the-stairs-down-down-down/ ), here comes the next step in the recession. Yes, we are in a recession. The bullish correction should peak at around 0.382 retracement. Follow the chart analysis posted. Have conviction and don't doubt the trend. I'll provide future analysis when we hit the targets provided above. The next wave will be a long one but panic selling should commence when we get near the previous lows. For future updates follow me on twitter as I'm not sure I'll be posting them here. Follow me on twitter. @starman0112

Bitcoin - The Silence is Deafening

17 January 2019

One thing we know, is though time changes, and a new generation of traders and investors enter the market, history still repeats. The same is observed with herd behavior in the wild. Two or three generations go by the herd still migrates as it has done for 1000's of years. Trading and investing is no different. This is not something new, and the proof this still happens is evident in the similarities of chart patterns. No matter how many bubbles, no matter how often a low is in, the herd reacts the same. Just because a bubble pops does not imply it is dead. Markets cycle from bullish to bearish and the herd is simply caught up in the sentiment. We seen this recently with the stock market where only 2 weeks ago, the world was coming to an end, and millennial traders were shorting the market at or near a low, using instruments such as SQQQ' or SPXU'. Bragging across trading groups how they were killing it and then all of a sudden......... can you hear the silence? Bitcoin is no different here, and though it appears that we are still moving lower, the 80's gold' bubble may shed some light on where we are in the cycle. Like herds migrate, markets cycle. Why would you be against the cycle? Yes maybe this time is different and like many dotcom and biotech companies that failed this market does too. Yet there were survivors of the dotcom and biotech bubbles and having the foresight to invest in them at their lows paid off in the LONG TERM. If there was one coin that has the highest potential to survive it is Bitcoin' in my opinion. Even Ethereum' is having scaling issues and is having to make modifications to the how it processes the block chain to accommodate this. Bitcoin' is still simple in the way it processes payments, and regardless of the Ver's and Wright's that think they have a better project, they don't. Again this is just my opinion and we are all subject to our own. If I was in Vegas and at the sportsbook, which coin would I bet on? Bitcoin'! Bitcoin' is showing the structure of entering another range bound market. The lower 3k's to the lower 4's is the current range. Until we break through 4500 we will assume it is range bound and position accordingly. How do I know this? I don't, it is just experience in seeing how markets bottom over time. This is a typical bottoming structure that begins with a range bound market, moves up forms a higher range bound market and then starts to run. Often when markets are out of favor large players raid a market and push it lower in order to accumulate at better prices. We see this often in every market just not cryptos. To think that market manipulation does not take place in other markets outside the crypto space is naive. Manipulation happens in all markets, and is simply part of the game. So as we enter another range bound market, is this the time to start accumulating? As a long time gold' and silver' investor over the years, I am less concerned about where the price is and just accumulate whenever I get the opportunity. I do this consistently not worried about further pullbacks because I have seen personally the rallies that take place once the herd migrates back. This is an area of accumulation not to be shorting. Why would you short at a low? Can we go lower? Sure we can, but let's take a look at the market cycle of gold' and compare it to see if there are any similarities with Bitcoin'. https://www.tradingview.com/x/4k7IwVT4/ Above is a comparison of Bitcoin' and gold' and you can see the similarities in how the market cycled over a longer period of time. Fortunately for us Bitcoin' has done in slightly over a year, what took gold over 20 to go through. If you stacked gold' over the 20 years not concerned about what the price was in the interim 20 years of accumulation paid off over the next 12 years. It took a long time, however the cycle for Bitcoin' is moving much faster. Thank God right? Well we never know if Bitcoin' will recover or not but if it continues with how the market cycled with gold' the payoff should be sooner than later. Gold' took only 4 years from the low to push back to it's 80's high. Seeing it took 20 years to finally bottom we can look at this as a ration or 1/5 the time it took to reach the point where everyone gave up, it pushed the previous high. So does this imply Bitcoin' hits the previous high in say 2-3 months? Probably not, but you never know, and if the SEC' decides to allow one of the new products into the market such as a Bitcoin' etf the market is sure to rally. You will not catch this move, and being short in front of an announcement is no different than shorting a biotech stock ahead of the FDA' releasing its test data. Many have been devastated by those releases. Either way we just have to remain patient and let the market go through it's cycle. Is there anything wrong with adding at these levels? Nope, but like eating donuts it should be done in moderation, with the understanding we can still push lower. Sentiment is at a low and the talk around the table is no longer about Bitcoin' it is about the stock market. The silence is deafening, but it as long as price can maintain a range throughout the sound of silence this is a good thing. This is where larger investors are accumulating under the guise of silence. After all who else is buying here? The retail investor ;). The new proposed Bitcoin' etf's will actually hold physical Bitcoin' stored an insured. You think the brokers are going to wait until they release the etf to buy? Probably not, they want to have inventory on hand, as they understand an approval will likely result in a rally.

CGC short on rising wedge pullback failure

16 January 2019

This is a retest of rising wedge broken support.

18 January 2019

INDUSTRY FOCUS // Healthcare // 01-16-2019

17 January 2019

Canopy Growth NYSE CGC is the first cannabis company to take advantage of a new 160 path 160 to do business in the U S but it s unlikely to be the last The recent Farm Bill removes hemp from the controlled substances list providing the first opportunity for large

Wall Street points to higher open; Dow futures jump 200 points

22 February 2016

Investing.com Investing.com U.S. stock markets pointed to strong gains at the open on Monday, with the Dow futures briefly jumping more than 200 points as a rebound in oil prices boosted market sentiment. The blue chip Dow futures climbed

Q4 Earnings Continue

16 January 2019

With the partial U S government shutdown extending its longest period in history at this time next week should it remain closed it will have been for longer than a full month we do not have updated information on Retail Sales for December shedding some light on 2018 holiday shopping

MIDD Crosses Above Key Moving Average Level

17 January 2019

In trading on Thursday shares of Middleby Corp Symbol MIDD crossed above their 200 day moving average of 113 32 changing hands as high as 115 07 per share Middleby Corp shares are currently trading up about 2 6 on the day The chart below shows the one year performance of MIDD

IEP Makes Bullish Cross Above Critical Moving Average

17 January 2019

In trading on Thursday shares of Icahn Enterprises LP Symbol IEP crossed above their 200 day moving average of 69 07 changing hands as high as 69 18 per share Icahn Enterprises LP shares are currently trading up about 0 8 on the day The chart below shows the one year performance of

BRD Wallet Expands Crypto User Access Across Europe With Coinify Partnership

17 January 2019

Coinify a European based financial platform that provides a wallet trading and payment processing solution has announced that they are integrating BRD Wallet into their platform to deliver BRD wallet access to users across the European region Specifically

'Shark Tank's' Barbara Corcoran Reveals How She Became the 'Queen of New York Real Estate'

12 December 2018

Real estate mogul and business expert Barbara Corcoran started The Corcoran Group when she was just 23. Despite launching her company at a time when the business world was largely an old boys’ club, she managed to grow it into one of the top real estate firms in New York City. I sat down with the “Shark Tank”

Teva Pharmaceutical Stock (TEVA) Trading Higher Today on FDA Approval of Its Seizure Drug Sabril for Adults and Pediatric Epilepsy Patients

17 January 2019 - Glenford Robinson

Complex partial seizures, a common type of seizures, start in a specific area of the brain and can affect consciousness. Typically, complex partial seizures last between 30 and 90 seconds, and are often followed by a period of disorientation, confusion and/or fatigue.

Statement from FDA Commissioner Scott Gottlieb, M.D., on unprecedented new efforts to support development of over-the-counter naloxone to help reduce opioid overdose deaths

17 January 2019

FDA describes unprecedented new efforts to support development of over-the-counter naloxone to help reduce opioid overdose deaths

Newly Added Guidance Documents

16 January 2019

Guidance documents represent the FDA's current thinking on a particular subject. New guidance documents are listed here for three months.

Severn Trent PLC (STRNY: Pink Current) | Additional Listing

18 January 2019

Sabine Lautenschläger: A supervisory perspective on 2019 and beyond

17 January 2019

Federal Reserve Board launches interactive mobile application to teach students about security and design features of Federal Reserve notes

16 January 2019

Federal Reserve Board launches interactive mobile application to teach students about security and design features of Federal Reserve notes

SEC Brings Charges in Edgar Hacking Case

15 January 2019

The Securities and Exchange Commission today announced charges against nine defendants for participating in a previously disclosed scheme to hack into the SEC’s EDGAR system and extract nonpublic information to use for illegal trading. The SEC charged a Ukrainian hacker, six individual traders in California, Ukraine, and Russia, and two entities. The hacker and some of the traders were also involved in a similar scheme to hack into newswire services and trade on information that had not yet been released to the public. The SEC charged the hacker and other traders for that conduct in 2015 (see here, here and here).

The SEC’s complaint alleges that after hacking the newswire services, Ukrainian hacker Oleksandr Ieremenko turned his attention to EDGAR and, using deceptive hacking techniques, gained access in 2016. Ieremenko extracted EDGAR files containing nonpublic earnings results. The information was passed to individuals who used it to trade in the narrow window between when the files were extracted from SEC systems and when the companies released the information to the public. In total, the traders traded before at least 157 earnings releases from May to October 2016 and generated at least $4.1 million in illegal profits.

SEC v. Ieremenko, et al.: Summary of Defendants’ Trading Profits

“International computer hacking schemes like the one we charged today pose an ever-present risk to organizations that possess valuable information,” said Enforcement Division Co-Director Stephanie Avakian. “Today’s action shows the SEC’s commitment and ability to unravel these schemes and identify the perpetrators even when they operate from outside our borders.”

“The trader defendants charged today are alleged to have taken multiple steps to conceal their fraud, including using an offshore entity and nominee accounts to place trades,” said Enforcement Division Co-Director Steven Peikin. “Our staff’s sophisticated analysis of the defendants’ trading exposed the common element behind their success, providing overwhelming evidence that each of them traded based on information hacked from EDGAR.”

The SEC’s complaint alleges that Ieremenko circumvented EDGAR controls that require user authentication and then navigated within the EDGAR system. Ieremenko obtained nonpublic “test files,” which issuers can elect to submit in advance of making their official filings to help make sure EDGAR will process the filings as intended. Issuers sometimes elected to include nonpublic information in test filings, such as actual quarterly earnings results not yet released to the public. Ieremenko extracted nonpublic test files from SEC servers, and then passed the information to different groups of traders.

The SEC’s complaint alleges that the following traders received and traded on the basis of the hacked EDGAR information:

• Sungjin Cho, Los Angeles, California • David Kwon, Los Angeles, California • Igor Sabodakha, Ukraine • Victoria Vorochek, Ukraine • Ivan Olefir, Ukraine • Andrey Sarafanov, Russia • Capyield Systems, Ltd. (owned by Olefir) • Spirit Trade Ltd.

In a parallel action, the U.S. Attorney’s Office for the District of New Jersey today announced related criminal charges.

The SEC’s complaint charges each of the defendants with violating the federal securities antifraud laws and related SEC antifraud rules and seeks a final judgment ordering the defendants to pay penalties, return their ill-gotten gains with prejudgment interest, and enjoining them from committing future violations of the antifraud laws. The SEC also named and is seeking relief from four relief defendants who profited from the scheme when defendants used the relief defendants’ brokerage accounts to place illicit trades.

The SEC’s investigation, which is ongoing, was conducted by Market Abuse Unit and Cyber Unit staff David Bennett, Arsen Ablaev, Michael Baker, Jason Burt, Laura D’Allaird, Adam Gottlieb, James Scoggins, David Snyder, Jonathan Warner, Darren Boerner, and John Rymas, and IT Forensics staff Ken Zavos, Douglas Bond, Stephen Haupt, Gi Nguyen, and Jennifer Ross. The Division of Economic and Risk Analysis and the Office of Information Technology provided substantial assistance. The investigation was supervised by Robert Cohen, Joseph Sansone, and Carolyn Welshhans. Cheryl Crumpton and Stephan Schlegelmilch are leading the SEC’s litigation. The SEC appreciates the assistance of the U.S. Attorney’s Office for the District of New Jersey, the Federal Bureau of Investigation, and the U.S. Secret Service.

The Founding of the Federal Reserve, the Great Depression and the Evolution of the U.S. Interbank Network

17 January 2019

By David C. Wheelock and Matthew Jaremski, working paper 2019-002.

Modernizing Monetary Policy Rules

15 January 2019

This two-part essay reconnects the Taylor rule and Fed policy.

2019 AP Economics Conference

12 July 2019

Are you a seasoned AP economics instructor, new to teaching AP econ courses, or simply contemplating teaching them? If so, join us as Federal Reserve economists, AP economics exam readers, exam developers and instructors, and St. Louis Fed economic education staff present a program packed with the information you need to be successful.

Investor Alert: Scammers May Try to Take Advantage of the California Wildfires

29 November 2018

The SEC’s Office of Investor Education and Advocacy is issuing this Investor Alert to warn investors, including individuals who may receive lump sum payouts from insurance companies and others as a result of damage from the California wildfires, about fraudulent investment scams.

Oleksandr Ieremenko, Sungjin Cho, David Kwon, Igor Sabodakha, Victoria Vorochek, Ivan Olefir, Andrey Sarafanov, Capyield Systems Ltd., Spirit Trade Ltd.

17 January 2019

SEC Brings Charges in Edgar Hacking Case

Proposed Revisions to Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds

21 December 2018

The Food and Drug Administration (FDA) Just Approved a Diagnostic Test to Assist Healthcare Providers in Measuring Nutrients in Breast Milk

The FDA reviewed data submitted by the sponsor of 112 samples of human milk to analyze the performance of the device. For the study, the sponsor tested the same 112 samples in the machine and compared them to the expected true values obtained by independent methods; both systems provided similar results for each test. The data showed that the Miris Human Milk Analyzer test was effective at determining levels of protein, fat and carbohydrate in the milk. There may be conditions that limit the information available from the Miris Human Milk Analyzer. For example, certain medications that a nursing mother may be taking could interfere with the test’s ability to accurately measure nutrient levels in breast milk.

JPMorgan Chase Caught with Hands in Cookie Jar, Forced to Pay More Than $135 Million for Improper Handling of ADRs

The SEC’s order found that JPMorgan improperly provided ADRs to brokers in thousands of pre-release transactions when neither the broker nor its customers had the foreign shares needed to support those new ADRs. Such practices resulted in inflating the total number of a foreign issuer’s tradeable securities, which resulted in abusive practices like inappropriate short selling and dividend arbitrage that should not have been occurring.

Isaac Lieberman Discusses How His Aston Capital Management Hedge Fund Acts as a Supplier of Non-Bank Liquidity Provisioning

We look at ourselves as a
quantitative hedge fund and liquidity provisioning being a business line, and
that we have investor capital in
terms of AUM and one of our businesses is we provide liquidity in global foreign exchange markets five and a half days a week 24 hours a day in 31 currency pairs.

Why Interest Rates Go Up and Down?

Understanding why interest rates might rise and fall, can help you make more informed financial decisions.

When Interest Rates Rise: Winners and Losers

The green back has appreciated over 20% against other currencies since July 2014 in anticipation of a rate hike. A strong dollar is a positive for consumers buying goods or traveling overseas, but the flipside is that a strong dollar ends up hurting American exporters.

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