Hints and tips:
...High-grade pharma group Bristol Myers Squibb sold $13bn of debt on Wednesday....
...Rating agency S&P downgraded the company three notches on Thursday to triple C on “non-payment risk” and estimated it had only $200mn, or half the required funds, currently available....
...And in Citizens United vs F.E.C., it ruled that corporations had a First Amendment right to spend money on elections....
...“There is a sort of natural life cycle to that buy-to-let market,” says Sandra Jones, managing director at research consultancy Dataloft....
...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....
...Indeed, some residents are already suffering from heat-related power outages, rendering those prized A/C units useless....
...Abortion restrictions have “real, concrete impacts” on women’s lives, said C Nicole Mason, chief executive of the Institute for Women’s Policy Research....
...“None of that has happened,” says Amy Myers Jaffe, managing director of the Climate Policy Lab at Tufts University in Massachusetts....
...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)....
...Early last year Bristol-Myers Squibb purchased Celgene for $93bn, while Pfizer snapped up Array BioPharma for $11bn in June....
...– Paul A Myers Alchemy: The Surprising Power of Ideas That Don’t Make Sense by Rory Sutherland, WH Allen, £20 A great overview and introduction to the role of emotion and non-conscious desires in making...
...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....
...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....
...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....
...“He’s not a career politician or a policy guy,” says Sandra Borda, an associate professor of political science at Los Andes university in Bogotá. “He was nobody before this [the campaign].”...
...However, the group’s hepatitis C franchise struggled, having been badly hit by better treatments from the likes of Gilead and AbbVie....
...The deal, which could be announced as early as this week, would come less than two weeks after it bought a 45 per cent stake in the Canadian marijuana company Cronos for C$2.4bn ($1.9bn)....
...CreditSights looked at some of the biggest potential deals — Bristol-Myers Squibb/Gilead, Qualcomm/Broadcom, something involving Kraft Heinz — and added them up....
...Myers on Corruption thrives in a globalised world The pervasiveness of corruption goes almost without saying....
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