Breakout Watch: Savvy Investors Bet Millions On Royalty-Fueled Pharma Stock
We haven't written up this one. Yahoo Finance has the full story — the link below goes straight to it.
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Life Expectancy Must Be Factored in Retirement: Bitterly
Kristen Bitterly, head of global Wealth at Work at Citi, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss how the increase in life expectancy is changing how people plan for…
Vertex Pharmaceuticals Just Hit an All-Time High. Here's Why the Biotech Stock Could Soar Even More
The drugmaker should significantly mitigate its most important risk as it develops new products.
Why a Record-Strength El Niño Still Might Not Save Europe's Gas Market
Only an exceptionally strong El Niño will meaningfully ease Europe's LNG needs this winter, and forecasters currently rate that outcome as a long shot.
- Strong El Niño may not sufficiently alleviate Europe's gas market needs this winter.
- Market participants should consider a moderate warming effect as the current assumption.
Sources: PayPal is in talks to sell itself to a group including Stripe and Advent, which proposed paying $60.50/share in July; PayPal is seeking a higher price (Wall Street Journal)
The fintech startup and private-equity firm Advent offered to buy the struggling payments company in July
Higher gas prices expected to nudge Canada’s inflation rate back near 3% in July, economists say
Inflation cooled down to 2.8% in June due to lower gas prices but the cost of filling up spiked again last month