Biogen CEO Michel Vounatsos told CNBC on Wednesday that he is “reasonably confident” the U.S. Food and Drug Administration will approve the drugmaker’s experimental Alzheimer’s drug. “We worked in full transparency with the regulator,” Vounatsos told “Squawk Box,” emphasizing the FDA has all of the company’s data on the drug. “The evidence came over time.
Month: October 2019
Tesla is expected to report third-quarter earnings after the bell on Wednesday. The day before the call, analysts were expecting losses of 46 centers per share, with revenue of $6.42 billion for Elon Musk’s electric car and renewable energy company, according to data compiled by FactSet. The call will mark the first financial report from
Leon Cooperman at the 2019 Delivering Alpa conference in New York on Sept. 19. 2019. Adam Jeffery | CNBC Billionaire investor Leon Cooperman isn’t holding back anything regarding his feelings about Elizabeth Warren‘s presidential platform. Like many of her fellow Democrats vying for the party’s nomination, the Massachusetts senator has railed against the uber-rich like
A sign marks the location of a WeWork office facility on August 14, 2019 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Without the Softbank bailout deal, reeling space-sharing company WeWork would have been out of money by next Friday, sources tell CNBC’s David Faber. WeWork announced Tuesday that Japanese conglomerate
If you’re on Medicare, now’s the time to closely evaluate your 2020 prescription drug coverage. The program’s annual open enrollment period, when you can make changes that take effect Jan. 1, is under way and closes Dec. 7. With plans varying from year to year — including the drugs they cover and the amount you
Warren Buffett (Photo by Bennett Raglin/WireImage) 2017 Bennett Raglin “It’s 12:35 p.m. in Omaha, Nebraska, and I’m having lunch with Warren Buffett.” That’s the first line in my new book, The Lemonade Life. We ate at Piccolo’s, which is one of Buffett’s favorite restaurants and where he and Bill Gates also have dined together. Buffett
The view on street from the hill in San-Francisco. Getty Social media giant Facebook is following in the footsteps of other tech giants in the Bay Area, and announced a $1billion commitment to improve California’s affordable housing options. The company has made more than $180 billion dollars in revenue since 2016, and has been under
Whether they’re handling business or personal finances, a good Certified Public Accountant (CPA) can be worth their weight in gold. Most entrepreneurs don’t start their journey with an in-depth knowledge of how to manage and organize business finances, and almost all of us would welcome expert assistance with our taxes. A good CPA can put
Speaker of the House Nancy Pelosi, D-Calif., conducts a news conference in the Capitol Visitor Center to introduce the College Affordability Act, an overhaul of higher education system, on Tuesday, Oct. 15, 2019. Tom Williams | CQ-Roll Call, Inc. | Getty Images The House Ways and Means Committee late Tuesday approved Speaker Nancy Pelosi‘s drug
Customers view Harley-Davidson Inc. motorcycles at the company’s dealership in South San Francisco, California, U.S., on Tuesday, June 26, 2018. Bloomberg | Bloomberg | Getty Images Harley-Davidson beat expectations for profit on Tuesday and stuck to its full-year shipment forecast, allaying fears of another major hit from European import tariffs and a further slump in
Pedestrians walk past the People’s Bank of China headquarters in Beijing, China, on January 7, 2019. Giulia Marchi | Bloomberg | Getty Images BEIJING — The People’s Bank of China is choosing not to follow many other major central banks in cutting interest rates as it tries to navigate a challenging economic environment. China’s central
Kzenon | Getty Images If Amazon CEO Jeff Bezos were to unexpectedly die today, Washington state could expect an estate tax windfall of nearly $12 billion, raising its total annual revenue by more than 50% for a single year. That’s according to a new study on the costs and benefits of an estate tax to
United Technologies Brendan McDermid | Reuters United Technologies shares rose in trading Tuesday after the top industrials analyst on Wall Street said on CNBC’s “Halftime Report” that he likes the conglomerate’s upside from here. “This is in my view one of the best-of-both-world stocks,” J.P. Morgan analyst Stephen Tusa. Shares of United Technologies were higher
The downtown Buffalo, New York, skyline along the city’s historic waterfront district on Lake Erie. DenisTangneyJr | E+ | Getty Images East Nusa Tenggara? Madhya Pradesh? The average American vacationer might not have heard of these exotic, far-flung destinations — located in Indonesia and India, respectively — but iconic budget travel guide Lonely Planet says
Gardens in Singapore Duy Nguyen/Unsplash With concerns increasing about US leadership on climate, immigration, and trade, and about Europe, slowed by its own economic and social pressures, my recent Asian travels fortified my sense that 21st century leadership will come from the East. The region is a work in process and much remains to be
Share to facebook Share to twitter Share to linkedin The payout is around 20% of WeWork’s now $8 billion valuation. Visual China Group via Getty Images Topline: With SoftBank’s takeover of WeWork nearing completion, former CEO Adam Neumann will reportedly get a $1.7 billion deal to walk away from the company and give up his
If you live in California, you probably know how aggressive California’s state tax agency can be. In fact, even if you live somewhere else, you might have heard of the Golden State’s aggressive tax rules. Buy a vacation home in California, and stay a little too long? Come into the state and do some work
Hong Kong Chief Executive Carrie Lam delivers her annual policy address in Hong Kong on October 10, 2018. Anthony Wallace | AFP | Getty Images The Chinese government is developing a plan to replace Hong Kong chief executive Carrie Lam with a possible successor who could be installed by March, reports the Financial Times, quoting
A F-35 fighter jet is seen as Turkey takes delivery of its first F-35 fighter jet with a ceremony at the Lockheed Martin in Forth Worth, Texas, United States on June 21, 2018. Atilgan Ozdil | Anadolu Agency | Getty Images Lockheed Martin raised its forecast for 2019 earnings as it reported a 9.2% rise
A federal judge on Monday said that a deceptive commodities trading tactic known as spoofing can be prosecuted under the wire fraud statute, a decision that will allow a criminal case against two ex-Deutsche Bank precious metals traders to move forward. The decision by Judge John Tharp in U.S. District Court in Chicago also supports
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