Hints and tips:
...High-grade pharma group Bristol Myers Squibb sold $13bn of debt on Wednesday....
...“People are nervous,” says C Y Huang, a veteran Taiwanese investment banker and financial adviser....
...All assets may perform badly under stagflation, but we’d rather own Pepsi, Johnson & Johnson, Kimberly-Clark, Bristol-Myers et al than sit and watch our cash lose its earnings power....
...Occasionally, he’s done talks for C-suite executives, explaining the negative impact of constant office communication. The result is always the same: “No one changes anything,” Newport told me....
...“One of them has to be the sense that hourly workers and others can’t be secure about their futures, while the C-suite is doing extremely well.”...
...Indeed, some residents are already suffering from heat-related power outages, rendering those prized A/C units useless....
...There is no chance of limiting long-term warming to 1.5°C, leading scientists warned, without massive investment to remove carbon dioxide from the atmosphere....
...Abortion restrictions have “real, concrete impacts” on women’s lives, said C Nicole Mason, chief executive of the Institute for Women’s Policy Research....
...For the past half century, it’s been consumers, but this White House wants to focus on a different C-word: citizens....
...Rather than being classed as a C or S Corp, as is usual for large US companies, Lemonade is incorporated as a public benefit corporation (PBC)....
...Daclatasvir used to be manufactured by Bristol-Myers-Squibb but the American company no longer makes it....
...Let us hope new chief executive Jonathan Myers can reverse the group’s decline. Considerably reduced debt and a buoyant first quarter’s trading offer some hope....
...Discoverers of hepatitis C virus win Nobel medicine prize Honour given special resonance in year when world is gripped by coronavirus pandemic (FT)....
...As the anti-monopoly crusader Barry C Lynn argues in Liberty From All Masters, guarding against predation (foreign and domestic) and insisting on rule-following not only achieves desirable economic outcomes...
...Early last year Bristol-Myers Squibb purchased Celgene for $93bn, while Pfizer snapped up Array BioPharma for $11bn in June....
...Lynn Coates, an artist, who has lived in the area since 1995, said: “Amazon’s arrival will modernise this area — it will bring in younger families, more restaurants and more shops.”...
...That curbs the pressure to cut prices, in contrast with pills with generic competition or, for example, a hepatitis C drug with a rival that might also be effective....
...That pick-up stood in contrast to Europe, where activity dropped 67 per cent to $115bn as dealmakers said Brexit and questions over growth sapped enthusiasm from the C-suite....
...“Board members used to be viewed more as a passive consulting organisation for the C-suite....
...Lynn Rothschild, a former telecoms executive married to a scion of the European banking lineage, was a case in point....
...The bank’s board has appointed its general counsel, C Allen Parker, as his interim replacement....
...Drugmakers Bristol-Myers Squibb and Celgene will pay about $1bn in fees to seal their $90bn tie-up, including more than $300m to their financial advisers....
...While we usually are very careful around C-level departures . . ....
...Myers says: The three variables are: (1) denuclearizing North Korea, (2) lifting sanctions on North Korea, and (3) ultimate withdrawal of US troops from Korean peninsula....
...However, the group’s hepatitis C franchise struggled, having been badly hit by better treatments from the likes of Gilead and AbbVie....
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