UK calls for extra six weeks of Brexit drug stockpiles

LONDON (Reuters) – The British government called on Thursday for drugmakers to build an additional six weeks of medicines stockpiles to cope with potential supply disruption in the event of a no-deal Brexit – a target the industry said would be challenging. FILE PHOTO: Used blister packets that contained medicines, tablets and pills are seen, in this picture taken June […]

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Analyst says market’s top performer AMD to keep soaring, raises price target to highest on Street

Rosenblatt Securities raises its price target for AMD shares to $30 from $27, citing the chipmaker’s process manufacturing advantage versus Intel. The new forecast is the highest target of the 26 analysts who cover AMD, according to FactSet. AMD shares are up 103 percent year to date through Wednesday versus the S&P 500’s 7 percent gain. The stock’s performance ranks […]

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Stocks Showing Strong Move Back To The Upside – U.S. Commentary

Stocks have shown a strong move to the upside in morning trading on Thursday, rebounding following the notable weakness seen in the previous session. The major averages have all climbed firmly into positive territory. In recent trading, the major averages have reached new highs for the session. Currently, the Dow is up 351.86 points or 1.4 percent at 25,514.27, the […]

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Red tape: think you’re drowning in it?

You might already be familiar with Humans of NY. If not, it’s a photographic series created by Brandon Stanton that tells the stories of everyday New Yorkers in a succinct paragraph and picture. The recent image and story of one gentleman who used to work at a bank may resonate with you, especially if the reason you fled towards entrepreneurialism […]

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Jobless Claims Indicate No One Is Getting Fired Anymore

No one is getting fired anymore. The U.S. Department of Labor released its reading on weekly jobless claims, which fell by 2,000 to a mere 210,000. This number used to run closer to and even above 300,000, but that’s becoming ancient history at a time when unemployment sits around 4% and there are more job openings than there are belly […]

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Standex International Acquires Tenibac-Graphion For Undisclosed Terms

Standex International Corp. (SXI) Thursday announced the acquisition of Tenibac-Graphion, Inc., a provider of chemical and laser texturing services. Terms of the transaction were not disclosed. he acquisition is expected to be accretive to earnings per share by $0.16 to $0.20 in fiscal year 2019 and $0.26 to $0.30 in fiscal year 2020, excluding purchase accounting and acquisition costs. The […]

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China files complaint to WTO against U.S. tariffs

HONG KONG (Reuters) – China has filed a complaint to the World Trade Organisation (WTO) against tariffs slapped by the United States on $16 billion worth of Chinese goods, China’s commerce ministry said on Thursday. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China April 24, 2018. REUTERS/Aly Song/File PhotoThe two countries have imposed tit-for-tat […]

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Cryptocurrency Daily Roundup – Aug. 16

Cryptocurrencies are mixed Thursday morning with Bitcoin in the red, while its close rival Ethereum is gaining. As of 11.18 am ET, cryptocurrency market capitalization was $205.91 billion and the Bitcoin dominance rate was 53.2 percent on CoinMarketCap. Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours. Ethereum Classic Surges […]

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Alibaba revenue beats, but investments prolong margin squeeze

BEIJING (Reuters) – Alibaba Group Holding Ltd (BABA.N), China’s biggest e-commerce firm, topped first-quarter revenue estimates on Thursday, but said investments in its food delivery business would continue to weigh on profits. FILE PHOTO: The logo of Alibaba Group is seen at the company’s headquarters in Hangzhou, Zhejiang province, China July 20, 2018. REUTERS/Aly Song/File PhotoThe company said it had […]

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