Hints and tips:
...This month WBA struck a deal to sell its distribution business, Alliance Healthcare, for about $6.5bn to AmerisourceBergen, the US drug wholesaler....
...Even so, three of Simon’s top occupants have filed for Chapter 11 bankruptcy, while its largest, Macy’s, faces widespread store closures....
...By the end of Wednesday, the S&P 500 had closed almost 2.7 per cent higher, while Gilead’s shares added roughly 6 per cent....
...Not even the launch of Apple’s iTunes Store in 2003 could persuade listeners away from piracy, despite the groundbreaking popularity of its iPhone precursor, the iPod....
...On Sunday, 60 Minutes showed a robot being developed that rolls through stores and warehouses using UltraViolet lights to kill viruses on surfaces....
...With Food representing 71% of UK sales and 50% of gross profit, (74% and 54% respectively inc 50% of Ocado JV) and stores still trading M&S is better shielded from lockdown than pure Clothing & Home peers...
...AstraZeneca remains a quite small company in an international context though, with future performance reliant on half a dozen drugs....
...In February, the US Food and Drug Administration accused Walgreens of being the “top violator among pharmacies that sell tobacco products”, with 22 per cent of stores inspected having illegally sold tobacco...
...prescription drugs....
...LA’s jewellery district, began in earnest in 1978, when New York investors bought a nine-storey office building at 607 S....
...Wall Street expressed concern about the potential financial fallout for Nike, sending shares in the S&P 500 company down 3.2 per cent on Tuesday....
...Repeating a 285p price target, Credit Suisse said M&S was rightly priced for no earnings growth, at a 15 per cent discount to the UK retail sector....
...Wall Street stocks were rangebound on Friday despite disappointing earnings for Starbucks and the US Food and Drug Administration exploring proposals to limit the amount of nicotine in cigarettes....
...The S&P 500 consumer staples sector was down 1.4 per cent on Friday....
...In 2015, it lost 20.5 per cent while the S&P 500 was up 1 per cent; last year it was down 13.5 per cent, while the S&P grew 12 per cent....
...Last week, the FDA ordered the Seattle-based company to halt the Phase II clinical trial of its drug, JCAR015, after two patient deaths....
...The retailer, which recently announced that it would close 50 stores, said it plans to accelerate the closing of unprofitable stores....
...Net income fell nearly 3 per cent to $294.6m after the company ramped up investment in new store openings and ecommerce. However, the drop was smaller than analysts had forecast....
...The extent of the hit to sentiment was underlined by the performance of JCPenney, another veteran department store, whose shares began the day brightly after it said same-store sales in the third quarter...
...An E.coli outbreak linked to Chipotle restaurants in October and November and an incident involving an outbreak of norovirus at a restaurant in Massachusetts pushed same-store sales 14.6 per cent lower in...
...Same-store sales rose 8.1 per cent, ahead of forecasts for a 1.7 per cent gain. Amgen nudged up to close at $155.89 after the US Food and Drug Administration approved Repatha, its cholesterol drug....
...In contrast, Next and M&S are on course for margins of 20 per cent and 6.5 per cent, according to estimates from S&P CIQ....
...The S&P 500 slid 0.6 per cent to 2,067.64, the Dow Jones Industrial Average declined 0.7 per cent to 17,440.59. The Nasdaq Composite fell 1 per cent to 5,039.78....
...Macy’s and Nordstrom, both department store chains, issued gloomy outlooks last week....
...About 140 of the closures are expected this fiscal year and will not affect Gap Outlet and Gap Factory stores. Gap also plans to shut some of its European stores....
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