Cures-for-Dollars Model Comes Undone as Biotech Market Sinks
©2015 Bloomberg News NVTN8V6K50Y6 (Bloomberg) — For the last five years, biotechnology and pharmaceutical stocks have surged on an assumption about the companies that invent and sell drugs for American patients: Invent amazing treatments that save lives and cure the sick, and you can charge pretty much what you want.
The Problem With Using Chicago to Make the Case Against Gun Control
©2015 Bloomberg News NVTLDV6JTSEF (Bloomberg) — In the wake of Thursday’s mass shooting in Oregon, a familiar political pattern has emerged, with Democrats advocating for tougher gun laws and Republicans arguing that such legislation won’t make a difference in curbing firearm deaths. To make the latter point, two of the current GOP presidential candidates, New
Bonds No Match for Equities as Europe Decline Drives Up Yields
©2015 Bloomberg News NVRCAO6K511D (Bloomberg) — The selloff in European equities has again pushed them into the sights of investors seeking for better returns than those offered by bonds. Looking at earnings yield, companies in the Euro Stoxx 50 Index are more attractive than at any time since 2011 relative to
Supreme Court Isn’t Interested in Insider Trading: Matt Levine
©2015 Bloomberg View NVRPMZ6JTSE9 (Bloomberg View) — The big insider trading news today is more of an absence of news: The Supreme Court will not review the U.S. v. Newman decision, which held that you can’t be guilty of insider trading based on leaked inside information if (1) the person
Can Hillary Clinton Be a Normal Presidential Candidate?
©2015 Bloomberg News NVRRPC6JTSED (Bloomberg) — Hillary Clinton might not be an incumbent, but she’s campaigning like the defending champ. Bloomberg’s With All Due Respect followed Clinton on the campaign trail in Manchester, N.H. on Monday, where she introduced new gun control measures, and acted, for the most part, like every other candidate
Too-Big-to-Fail Insurers Face 10% Higher Capital Requirement
©2015 Bloomberg News NVPVRE6VDKHT (Bloomberg) — Global insurers with the greatest ties to the financial system would face an average increase of 10 percent to capital requirements under new standards proposed by a group of regulators. The increase would be as high as 18.75 percent for unregulated-banking activities by firms
Dealmakers Ignore Stock Market Rout After Busiest Summer for M&A
©2015 Bloomberg News NVPXMD6JTSED (Bloomberg) — Worried about China’s economic slowdown, oil at its lowest price in six years or Volkswagen AG’s diesel scandal? Dealmakers aren’t. Yet. More than $1 trillion of mergers and acquisitions were announced in the third quarter, over 20 percent higher than the same period last
Ukraine President Says Obama Approved Sending New Weapons
©2015 Bloomberg News NVPS986VDKHS (Bloomberg) — Ukrainian President Petro Poroshenko said Sunday on state television that U.S. President Barack Obama promised his country new models of defensive weapons amid a cease-fire with pro-Russian separatists. Obama said he approved supplying counter-battery systems to the debt-troubled Ukraine, Poroshenko said, according to a
America’s Auto Sales at Fastest Pace in Decade Prove Bright Spot
©2015 Bloomberg News NVK9056K50XZ (Bloomberg) — Auto sales accelerated more than expected in September, aided by cheap credit, good deals and relatively low gasoline prices. The annualized rate reached the fastest pace in more than 10 years. General Motors Co., Ford Motor Co. and Nissan Motor Co. all beat analysts’
Amazon to Ban Sale of Apple, Google Video-Streaming Devices
©2015 Bloomberg News NVKAVKSYF01V (Updates with analyst comment in fifth paragraph.) (Bloomberg) — Amazon.com Inc. will stop selling media- streaming devices from Google Inc. and Apple Inc. that aren’t easily compatible with its video service, the latest example of the company using its clout to promote products that fit with