Business Corpus: 03/12/19

Asian shares fall amid continuing global uncertaintiesAsian shares were lower Wednesday amid continuing global uncertainties that weighed on stocks as some traders took profits from a rally earlier in the week.

Asian shares were lower Wednesday amid continuing global uncertainties that weighed on stocks as some traders took profits from a rally earlier in the week.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/5Y3zuSCazxs/asian-shares-fall-amid-continuing-global-uncertainties

Facebook may be looking to replicate a major feature from one of China's top appsFacebook's reported push into payments on WhatsApp is aimed at replicating the successful feature on WeChat. Analysts say, however, that it will be tough for Facebook to mirror the success of the Tencent-owned app.[Collection]

Facebook's reported push into payments on WhatsApp is aimed at replicating the successful feature on WeChat. Analysts say, however, that it will be tough for Facebook to mirror the success of the Tencent-owned app.https://www.cnbc.com/2019/03/13/facebook-wants-to-copy-wechat-pay-with-facebook-coin-payments.html

New US ambassador warns of China's 'payday loan diplomacy'The new U.S. ambassador to Australia said Wednesday that he's concerned about the way China lends money to developing Pacific nations in what he describes as "payday loan diplomacy."

The new U.S. ambassador to Australia said Wednesday that he's concerned about the way China lends money to developing Pacific nations in what he describes as "payday loan diplomacy."http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/xDpHj15WE7k/new-us-ambassador-warns-of-chinas-payday-loan-diplomacy

Metrograph Theater Moving Into Editorial, Agency WorkNot satisfied with being a cool movie house, Metrograph could be the first theater cum publisher/studio/agency.

[Collection]Metrograph is on its way to becoming more than a cool indie movie theater. There’s a print magazine due this year and more formal printed book versions of its bimonthly programs, WWD has learned, along with a relaunch of all online editorial content and social media, more content and agency-type work with a litany of brands — and it’s even started to produce, acquire and distribute its own video content. That all sounds closer to the work of a publisher or even a mini-studio than an indie theater. For Horacio Silva, a veteran of magazines and branded content and now Metrograph’s director of special projects, this new onslaught of production is “all part of the same progression” for the theater as a larger business. Silva said the possibilities for Metrograph as more of a content creator/agency has been building up in the last year of its three in existence. The celebrity and fashionable set in New York has been quick to adopt Metrograph as the spot of choice for screenings and parties — its high-profile directorial board includes Wes Anderson, Joel Coen, Adam Driver, Chloë Sevigny and Patti Smith, among many others — and that tipped off founder Alex Olch to the idea that the

Follow WWD on Twitter or become a fan on Facebook.

Read More...https://wwd.com/business-news/media/metrograph-theater-magazine-book-brand-agency-work-1203082318/

Cara Therapeutics Inc (CARA) Q4 2018 Earnings Conference Call TranscriptCARA earnings call for the period ending December 31, 2018.

CARA earnings call for the period ending December 31, 2018.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/M7WfTSWgqeI/cara-therapeutics-inc-cara-q4-2018-earnings-conference-call-transcript

Mara Hoffman, Unifi Discuss Sustainability Solutions and Green FashionFiber firm Unifi and fashion designer Mara Hoffman discuss fashion industry sustainability solutions.

[Collection]Fashion brands are seeking greener pastures. And as the demand for ethically made apparel continues to rise among consumers, brands and designers are seeking sustainability solutions that can help hasten and streamline the process. Textile solutions provider Unifi does just that by empowering brands to go green through its portfolio of recycled fiber solutions, such as Repreve Polyester, its branded polyester fiber made from recycled plastic bottles. Among the many sustainable designers that have used the fiber is Mara Hoffman, the president and creative director of her eponymously named women’s wear brand, who is featured as the fiber firm’s designer of the moment. Well-known for her focus on sustainable materials and production processes, Hoffman began working with Repreve when it was first introduced into her resort 2017 swimwear collections; Repreve is currently used in Mara Hoffman’s ribbed and textured swimwear, according to the firm. And Unifi recently honored Hoffman with its Champion of Sustainability Leading the Change award, in recognition of Hoffman’s ongoing efforts and leadership in sustainable fashion. Here, Unifi’s Helen Sahi, vice president of global corporate sustainability, and Hoffman talk to WWD about the growth of sustainable fashion, market dynamics and sustainability solutions. WWD: How has the sustainable fashion market evolved in

Follow WWD on Twitter or become a fan on Facebook.

Read More...https://wwd.com/business-news/business-features/mara-hoffman-unifi-sustainability-solutions-green-fashion-1203081839/

Kind bars wants the FDA to change how it regulates food labelsKind, the maker of the popular nut bars, filed a petition Wednesday asking the FDA to change how it regulates claims on food labels.[Collection]

Kind, the maker of the popular nut bars, filed a petition Wednesday asking the FDA to change how it regulates claims on food labels.https://www.cnbc.com/2019/03/12/kind-bars-wants-the-fda-to-change-how-it-regulates-food-labels.html

Rachael Ray Unveils Multibrand E-commerce Shop Called Moxie MadeThe site features female-founded brands that inspire Ray for their authenticity.

[Collection]Rachael Ray, the TV and cooking personality, businesswoman and author, is venturing into a new business. Today, she launches Moxie Made, an e-commerce marketplace and creative network offering fashion, accessories and lifestyle designs selected from female-founded brands that inspire Ray. The web site also features an editorial component offering style advice and profile stories highlighting fashion industry experts and influencers. Ray, who was on her way to South by Southwest in Austin on Tuesday, told WWD that for 12 years she’s run Feedback, a music and food venue with 30 bands total and three stages. “The concept of Moxie actually started when I was at South by Southwest, when I was there for music stuff. We go every year,” said Ray. Rachael Ray She explained that several years ago, she was hanging out in the parking lot at South by Southwest and met Molly Salvi, who ran a cool vintage venue called Squash Blossom. “I loved her stuff so much and she just had this tiny little tent. She would bring her stuff over to my porch at the Saint Cecilia and I’d have a private showing for my buddies. She does kids’ clothes, guys’ T shirts and ladies’ wear, and we did

Follow WWD on Twitter or become a fan on Facebook.

Read More...https://wwd.com/business-news/retail/rachael-ray-unveils-multibrand-e-commerce-shop-called-moxie-made-1203082783/

WWD List: Designers Warming Up to Faux FurAs more consumers are ditching fur, fashion brands are taking note.

[Collection]Faux fur is making a comeback. And just in time, since a bill that would make California the first state to ban the sale and production of fur products passed its first committee hearing test on Tuesday — the first of several legislative hurdles. Faux fur was once reserved for the most extremist of animal lovers — or those wanting to relive Seventies fashion — but a larger number of consumers are now considering animal welfare before making purchases of products ranging from beauty treatments to apparel. Shoppers are seeking out labels that are not tested on animals, are cruelty-free or vegan. Even so, while fake fur is showing up more on the runways, some designers remain staunch supporters of the real stuff. While antifur proponents claim wearing real fur is cruel to animals, fur supporters point out that real fur is more sustainable because it lasts longer and is completely biodegradable. As a result, fur remains one of the most divisive issues in the fashion world. A fur look from the fall 2018 Giorgio Armani show. WWD/REX/Shutterstock Case in point: Back in the early Aughts, when Stella McCartney’s brand was relatively new, people told the designer she would never make it in the fashion industry

Follow WWD on Twitter or become a fan on Facebook.

Read More...https://wwd.com/business-news/business-features/wwd-list-designers-ditching-fur-1202994502/

The Latest: Colorado drilling rule changes get initial OKThe Latest on an oil and gas project in a suburban Denver neighborhood (all times local): 9:50 p.m.

The Latest on an oil and gas project in a suburban Denver neighborhood (all times local): 9:50 p.m.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/wtnf2n5nMEo/the-latest-colorado-drilling-rule-changes-get-initial-ok

Neiman’s Transformation a Work in ProgressNeiman's is putting the final touches on its Manhattan flagship, but still has work to be done to shore up its balance sheet.

[Collection]The Neiman Marcus Group will put a glow on its business with Friday’s opening of its big Manhattan flagship in Hudson Yards, yet there’s still work to be done to lift profitability and escape the specter of looming debt maturities. Acknowledging riding an up-and-down holiday season, NMG on Tuesday reported a net loss of $29 million in the fiscal second quarter ended Jan. 26, compared with net earnings of $372.5 million in the second quarter of 2018. However, the year-ago period included a $387 million tax benefit. Adjusted earnings before interest, taxes, depreciation and amortization were down somewhat at $134.4 million, compared to adjusted EBITDA of $154.8 million for the second quarter a year ago. Excluding the Mytheresa luxury web site owned by Neiman’s, adjusted EBITDA for the second quarter was $134.4 million, compared to $147.5 million for the second quarter a year ago. NMG also owns Bergdorf Goodman and Horchow. Comparable sales rose 0.7 percent, while total revenues reached $1.39 billion, down from $1.49 billion in the year-ago period. Priorities for the Dallas-based luxury retailer include furthering its transformation into what NMG’s chief executive officer Geoffroy van Raemdonck characterizes as a “consumer-centric luxury platform,” sustaining the string of positive comparable sales results, and restructuring

Follow WWD on Twitter or become a fan on Facebook.

Read More...https://wwd.com/business-news/retail/neimans-transformation-a-work-in-progress-1203083477/

Uncovering the Less-discovered at Hudson Yards’ Vertical MallThere are also new eateries to explore such as Kāwi and Fuku, two concepts from David Chang's popular Momofuku.

[Collection]NEW YORK — Related Companies and the more than 100 retailers at its 1 million-square-foot Shops & Restaurants at Hudson Yards want to wow consumers when the vertical mall opens at noon on Friday, with everything from the store lineup to amenities to cultural programming such as “Off the Wall,” an eight-month, site-specific art and design exhibit by Culture Corps. The works by artists such as Francesco Clemente, Will Cotton, Rachel Feinstein, Jeanette Hayes, Lara Schnitger, Rob Pruitt and Serban Ionescu on yet-to-be-leased retail spaces busy the eye and divert the mind by treating the empty storefronts as a canvas. The Shops is 85 percent leased, according to Kenneth Himmel, president and chief executive officer of Related Urban, the mixed-use division of Related Companies that is developing the neighborhood on Manhattan’s far West Side with Oxford Properties Group. Himmel said Related kept “15 percent unleased, because, frankly, some people won’t appreciate it until they see it.” “A good third of the tenants are innovators as first concepts never seen before or never seen in New York,” said Himmel. “We’ve spent the better part of seven years putting this collection together.” The Shops leans into men’s wear with Mack Weldon, men’s activewear brand Rhone, and

Follow WWD on Twitter or become a fan on Facebook.

Read More...https://wwd.com/business-news/retail/uncovering-the-less-discovered-at-hudson-yards-vertical-mall-1203083015/

Everi Holdings Inc (EVRI) Q4 2018 Earnings Conference Call TranscriptEVRI earnings call for the period ending December 31, 2018.

EVRI earnings call for the period ending December 31, 2018.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/N7H1mQxe7ag/everi-holdings-inc-evri-q4-2018-earnings-conference-call-transcript

COHU INC (COHU) Q4 2018 Earnings Conference Call TranscriptCOHU earnings call for the period ending December 29, 2018.

COHU earnings call for the period ending December 29, 2018.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/XDsXf5eXlqs/cohu-inc-cohu-q4-2018-earnings-conference-call-transcript

Clearwater Paper Corp (CLW) Q4 2018 Earnings Conference Call TranscriptCLW earnings call for the period ending December 31, 2018.

CLW earnings call for the period ending December 31, 2018.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/cQ8Qdg7RETs/clearwater-paper-corp-clw-q4-2018-earnings-conference-call-transcript

Is Sierra Wireless a Buy?This IoT chipmaker looks to be in for a rough 2019, but it still has potential.

This IoT chipmaker looks to be in for a rough 2019, but it still has potential.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/G_rZvH9xoSc/is-sierra-wireless-a-buy

What 3M Management's Plans Mean for InvestorsThe multi-industrial company has already lowered growth expectations in 2019, and some of its end markets look challenging.

The multi-industrial company has already lowered growth expectations in 2019, and some of its end markets look challenging.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/Yb2R65LXNHg/what-3m-managements-plans-mean-for-investors

The United Arab Emirates, a key international travel hub, bars Boeing 737 Max 8 and 9 from airspace after Ethiopia crashThe United Arab Emirates, a key international travel hub, bars Boeing 737 Max 8 and 9 from airspace after Ethiopia crash.

The United Arab Emirates, a key international travel hub, bars Boeing 737 Max 8 and 9 from airspace after Ethiopia crash.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/JUFbYrupbiU/the-united-arab-emirates-a-key-international-travel-hub-bars-boeing-737-max-8-and-9-from-airspace-after-ethiopia-crash

Israeli bank to pay $195M for US tax-avoidance schemeOne of Israel's largest banks has agreed to pay $195 million for helping U.S. citizens avoid paying taxes by stashing their assets in offshore accounts.

One of Israel's largest banks has agreed to pay $195 million for helping U.S. citizens avoid paying taxes by stashing their assets in offshore accounts.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/xPLwQbtEGq8/israeli-bank-to-pay-195m-for-us-tax-avoidance-scheme

SAT, ACT college test makers defend integrity amid scandalFederal court papers detail how college entrance exam policies aimed at helping students with disabilities were exploited to enable cheating in a massive college admissions bribery scandal.

Federal court papers detail how college entrance exam policies aimed at helping students with disabilities were exploited to enable cheating in a massive college admissions bribery scandal.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/C8RJq8nbARQ/sat-act-college-test-makers-defend-integrity-amid-scandal

Aratana Therapeutics Inc (PETX) Q4 2018 Earnings Conference Call TranscriptPETX earnings call for the period ending December 31, 2018.

PETX earnings call for the period ending December 31, 2018.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/iVHr3pBDscY/aratana-therapeutics-inc-petx-q4-2018-earnings-conference-call-transcript

Cramer Remix: If the dollar peaks, it could be positive for your portfolioJim Cramer takes a look at the charts to see if the U.S. dollar could weaken and why that could benefit the market.[Collection]

Jim Cramer takes a look at the charts to see if the U.S. dollar could weaken and why that could benefit the market.https://www.cnbc.com/2019/03/12/cramer-remix-a-dollar-peak-could-be-positive-for-your-portfolio.html

Contested oil wells in Colorado suburb clear major hurdleA fiercely contested oil and gas project in a residential neighborhood outside Denver has cleared a major hurdle.

A fiercely contested oil and gas project in a residential neighborhood outside Denver has cleared a major hurdle.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/kT0beTnkqKs/contested-oil-wells-in-colorado-suburb-clear-major-hurdle

Judge says actress Felicity Huffman can be released on $250,000 bond in college bribery caseJudge says actress Felicity Huffman can be released on $250,000 bond in college bribery case.

Judge says actress Felicity Huffman can be released on $250,000 bond in college bribery case.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/eZcDOi7HUlo/judge-says-actress-felicity-huffman-can-be-released-on-250000-bond-in-college-bribery-case

It's 'absolutely absurd' the FAA won't ground the Boeing 737 Max: Transport Workers Union presidentThe Boeing 737 Max should be grounded until the cause of the weekend crash in Ethiopia crash is determined, the international president of the Transport Workers Union says.[Collection]

The Boeing 737 Max should be grounded until the cause of the weekend crash in Ethiopia crash is determined, the international president of the Transport Workers Union says.https://www.cnbc.com/2019/03/12/its-absurd-the-faa-wont-ground-the-boeing-737-max-union-president.html

Senate panel asks CVS and four other pharmacy middlemen to testify about drug pricesSenate Finance Committee Chairman Chuck Grassley, R-Iowa., and Ron Wyden, D-Ore., the committee's ranking member, asked Cigna, CVS, Humana, OptumRx and Prime Therapeutics to testify on Capitol Hill on April 3.[Collection]

Senate Finance Committee Chairman Chuck Grassley, R-Iowa., and Ron Wyden, D-Ore., the committee's ranking member, asked Cigna, CVS, Humana, OptumRx and Prime Therapeutics to testify on Capitol Hill on April 3.https://www.cnbc.com/2019/03/12/senate-panel-asks-cvs-and-other-middlemen-to-testify-about-drug-prices.html

Cramer's lightning round: We are recommending this speculative stockJim Cramer zips through his thoughts about callers' stock picks of the day.[Collection]

Jim Cramer zips through his thoughts about callers' stock picks of the day.https://www.cnbc.com/2019/03/12/cramers-lightning-round-we-are-recommending-this-speculative-stock.html

Cramer: Semiconductors are now showing better signs about the global economyJim Cramer says semiconductor stocks are bouncing back from 2018's slump and they "punch well above their weight."[Collection]

Jim Cramer says semiconductor stocks are bouncing back from 2018's slump and they "punch well above their weight."https://www.cnbc.com/2019/03/12/cramer-semiconductors-are-showing-better-signs-of-the-global-economy.html

Alibaba-Backed China Stock Poised To Break Out After Q4 Earnings
The Chinese shipping company matched fourth-quarter earnings forecasts late Tuesday and beat on revenue, positioning ZTO Express stock to clear a buy point.

The post Alibaba-Backed China Stock Poised To Break Out After Q4 Earnings appeared first on Investor's Business Daily.

[Collection]

ZTO Express (ZTO) matched fourth-quarter earnings forecasts late Tuesday and beat on revenue, positioning ZTO Express stock to clear a buy point.

ZTO Express Earnings

Estimates: ZTO Express earnings per share should fall 4% to 24 cents as revenue vaults 27% to $794 million, according to Yahoo Finance.

Results: ZTO earnings came in at 24 cents a share on revenue of $818.5 million. Parcel volume climbed 34.7% to 2.71 billion. Revenue from express delivery services increased 29.4%, led by a 34.7% increase in parcel volume. That was partially offset by a decrease in unit price per parcel due to incentives offered in response to competition.

Outlook: ZTO seeks to increase parcel volume 15 percentage points faster than the industry average this year.

"ZTO delivered a strong fourth quarter and closed out 2018 with a 1.3 percentage point increase in market share to 16.8%," Chairman and CEO Meisong Lai said. "We maintained our leadership position in the Chinese express delivery industry in terms of parcel volume, customer satisfaction and profit generation."

He added: "The Chinese express delivery industry continued to demonstrate healthy growth momentum with an increase of over 10 billion parcels in 2018."

ZTO Express Stock Technical Analysis

Shares rose 2% late to 20.40 after closing down 0.6% at 20.01 on the stock market today. While after-hours moves don't always translate to the regular session, ZTO Express stock is poised to break out from a cup-with-handle base with a 20.28 buy point, MarketSmith analysis shows. While the base is deep, it appears not so bad in the context of the late-2018 bear market.

ZTO Express stock has a superior IBD Composite Rating of 97. That puts it in the top 3% of all stocks and reflects in part four years of rising profits for this young IPO company. Analysts see EPS growing 21% to 82 cents for 2018, with the growth rate slowing to 17% for 2019.

The relative strength line, which tracks a stock's performance vs. the S&P 500, has been generally trending up since October. Look for it to make new highs.

ZTO stock is more volatile than most other leading stocks.

ZTO Express Counts Alibaba As Investor

ZTO Express taps China's growing e-commerce market. The express delivery company partners with smaller firms for first-mile/last-mile pickup and delivery services.

Its backers include Alibaba (BABA). The Chinese e-commerce giant days ago made its fourth investment in the Chinese courier sector, adding STO Express to a list that includes YTO Express and ZTO Express.

YOU MIGHT BE INTERESTED IN:

How To Invest In Stocks For Free: New Apps Aim For Beginners

Looking For The Best Stocks To Buy And Watch? Start Here

Stocks To Watch: Top-Rated IPOs, Big Caps And Growth Stocks

Best Growth Stocks To Buy And Watch: See Updates To IBD Stock Lists

The post Alibaba-Backed China Stock Poised To Break Out After Q4 Earnings appeared first on Investor's Business Daily.

http://feedproxy.google.com/~r/BusinessRss/~3/IKgQ796RUEc/

How to Use Active Bond ETFs to Help Preserve Downside ProtectionThis article was originally published on ETFTrends.com.

This article was originally published on ETFTrends.com.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/j8xAxBMWms4/how-to-use-active-bond-etfs-to-help-preserve-downside-protection

Real Estate ETFs to Diversify An Investment PortfolioThis article was originally published on ETFTrends.com.

This article was originally published on ETFTrends.com.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/EynU_vz7lGE/real-estate-etfs-to-diversify-an-investment-portfolio

Diversify Risk with an Equal-Weight Stock ETFThis article was originally published on ETFTrends.com.

This article was originally published on ETFTrends.com.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/mtZYkcYYKlc/diversify-risk-with-an-equal-weight-stock-etf

QQQ, SPY, DIA Maintain Momentum on Steady Inflation DataThis article was originally published on ETFTrends.com.

This article was originally published on ETFTrends.com.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/A5EOqE-lpVU/qqq-spy-dia-maintain-momentum-on-steady-inflation-data

Key quotes from court documents on admissions bribery schemeHollywood stars, coaches and others have been charged in a wide-ranging bribery scheme that allowed wealthy parents to get their children into elite colleges.

Hollywood stars, coaches and others have been charged in a wide-ranging bribery scheme that allowed wealthy parents to get their children into elite colleges.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/Gf1slna7uBA/key-quotes-from-court-documents-on-admissions-bribery-scheme

Cramer: Dick's Sporting Goods 'dropped the bomb' in its earnings call that has hurt other retailersJim Cramer says Dick's Sporting Goods' plans to invest online could ruin the company's gross margins.[Collection]

Jim Cramer says Dick's Sporting Goods' plans to invest online could ruin the company's gross margins.https://www.cnbc.com/2019/03/12/cramer-dicks-sporting-goods-dropped-the-bomb-in-its-earnings-call.html

Business Highlights___ Much of world bans Boeing jet involved in Ethiopia crash HEJERE, Ethiopia (AP) — Much of the world, including the entire European Union, has grounded the Boeing jetliner involved in the Ethiopian Airlines crash or banned it from their airspace.

___ Much of world bans Boeing jet involved in Ethiopia crash HEJERE, Ethiopia (AP) — Much of the world, including the entire European Union, has grounded the Boeing jetliner involved in the Ethiopian Airlines crash or banned it from their airspace.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/gxl6eocy_Ps/business-highlights

How major US stock indexes fared TuesdayTechnology and health care companies led U.S. stock indexes mostly higher Tuesday, building on the market's solid gains from a day earlier.

Technology and health care companies led U.S. stock indexes mostly higher Tuesday, building on the market's solid gains from a day earlier.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/DpvMZkEJ15k/how-major-us-stock-indexes-fared-tuesday

How This Looming Patent Battle Could Challenge Bristol-Celgene Deal
Celgene and Novartis could go head-to-head in a patent battle over multiple sclerosis treatment ozanimod, an analyst said Tuesday. Novartis has a key patent for the S1P modulator drug class.

The post How This Looming Patent Battle Could Challenge Bristol-Celgene Deal appeared first on Investor's Business Daily.

[Collection]

Celgene (CELG) and Novartis (NVS) could go head-to-head in a patent battle over Celgene's multiple sclerosis treatment ozanimod, an analyst said Tuesday.

Ozanimod belongs to a class of drugs called S1P modulators. If approved, the drug's dose will be adjusted over time in a process called "dose titration." Titration aims to pinpoint the maximum benefit of a drug without causing side effects.

Credit Suisse analyst Vamil Divan notes competitor Novartis owns the dose-titration patent for S1P modulators. This could hurt Bristol-Myers Squibb's (BMY) looming acquisition of Celgene. Bristol is betting $74 billion on Celgene's approved products and experimental drugs.

This is a "critical component of ozanimod's product profile as all three proposed indications (uses) currently require dose titration," he said in a report to clients. "We think this issue has been under investors' radar, and we highlight it as a potential concern for the deal."

Questioning Multiple Sclerosis Treatment

Bristol, on the other hand, says it's aware of the patent issue, Divan said. The pharma "believes they will be able to manage through this hurdle and are not overly concerned about it," he said.

This is not the first issue facing ozanimod, however. Last year, the Food and Drug Administration refused to review Celgene's application for approval of ozanimod. The FDA cited issues in the "nonclinical and clinical pharmacology sections" of its application.

On Monday, Celgene said it submitted an application for approval of ozanimod in Europe. The biotech expects to ask the FDA to approve ozanimod as a multiple sclerosis treatment by the end of March.

"Celgene believes ozanimod could be a best-in-class, oral option for use early in the treatment of relapsing forms of multiple sclerosis," Chief Medical Officer Jay Backstrom said in a written statement.

Could Be A Boon For Another Biotech

The patent troubles for ozanimod could be a boon for Arena Pharmaceuticals (ARNA), Credit Suisse's Divan said. Arena is also developing an S1P modulator called etrasimod. But etrasimod doesn't require dose titration, meaning it won't have to go up against Novartis' patent.

"While it's unclear what impact this patent may have on the potential launch ability for ozanimod, we continue to see etrasimod as potentially best in class in what Arena management describes as a $4 billion opportunity for the asset," he said.

Divan has an outperform rating and 63 price target on Arena stock. He has a neutral rating and 59 price target on Bristol stock. In morning action on today's stock market, Bristol stock lost 1% to close at 50.38. Celgene stock ticked up 0.4% to 85.60.

YOU MIGHT ALSO LIKE:

Could A Patent Battle Force Sanofi To Snap Up This Biotech Stock?

Which Pharmaceutical Stocks Are Outperforming All Other Stocks?

Apple And Growth Stocks: Why Most Penny Stocks Fail To Make Investors Rich

Get Free IBD Newsletters: Market Prep | Tech Report | How To Invest

Check Out IBD's YouTube Channel

The post How This Looming Patent Battle Could Challenge Bristol-Celgene Deal appeared first on Investor's Business Daily.

http://feedproxy.google.com/~r/BusinessRss/~3/nKxM9tLOdFo/

Proposed Statewide Fur Ban Inches Forward in CaliforniaA bill first introduced in December in the state Assembly has cleared its first committee hearing and now moves to the Judiciary Committee.

[Collection]LOS ANGELES — A bill that aims to ban the sale and production of fur products statewide passed its first committee hearing Tuesday in what, if signed into law, would make California the first U.S. state to enact such a sweeping measure. Assembly Bill 44 passed 10 to 4 in the Committee on Water, Parks and Wildlife and now moves to the Judiciary Committee for a date to be determined. The bill’s author, Assembly member Laura Friedman (D-Glendale), said last week at a press conference that “there is no such thing as cruelty-free fur,” also enlisting actress Shannon Elizabeth to join her in support of the bill. The bill in its current form would eliminate the sale of fur products, such as bags, shoes, hats and jewelry, and also ban their manufacturing in California. Used fur and fur for religious purposes do not fall under the ban. Those selling used products will be required to keep records of each sale or trade. First-time offenders would be fined $500, with repeat violation fines continuing to increase to as high as $1,000. AB44 is sponsored by the Animal Hope and Wellness Foundation, Animal Hope in Legislation and the Humane Society of the U.S. The proposed legislation would create a

Follow WWD on Twitter or become a fan on Facebook.

Read More...https://wwd.com/business-news/government-trade/proposed-statewide-fur-ban-inches-forward-in-california-ab44-1203083128/

Casey's General Stores, Colfax rise; XPO Logistics fallsStocks that moved substantially or traded heavily on Tuesday: Stitch Fix Inc., up $6.80 to $33.78 The online clothing styling service reported earnings and revenue that came in well ahead of what Wall Street analysts were expecting.

Stocks that moved substantially or traded heavily on Tuesday: Stitch Fix Inc., up $6.80 to $33.78 The online clothing styling service reported earnings and revenue that came in well ahead of what Wall Street analysts were expecting.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/7l4tB47jPYY/caseys-general-stores-colfax-rise-xpo-logistics-falls

Pilots have reported issues in US with new Boeing jetAirline pilots on at least two flights have reported that an automated system seemed to cause their Boeing planes to tilt down suddenly, the same problem suspected of contributing to a deadly crash in Indonesia.

Airline pilots on at least two flights have reported that an automated system seemed to cause their Boeing planes to tilt down suddenly, the same problem suspected of contributing to a deadly crash in Indonesia.http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/MHJ9ixtf0OA/pilots-have-reported-issues-in-us-with-new-boeing-jet

Don't Overlook The Small Stuff: Catch Details Others Miss
Some of the most costly mistakes occur when we overlook the small stuff. By failing to capture critical details, we make faulty decisions. In some professions, details determine success. Accountants,... Read More

The post Don't Overlook The Small Stuff: Catch Details Others Miss appeared first on Investor's Business Daily.

[Collection]

Some of the most costly mistakes occur when we overlook the small stuff. By failing to capture critical details, we make faulty decisions.

In some professions, details determine success. Accountants, for example, cannot afford to glide through their workday without combing through tax forms and supporting documents. They are paid to focus on details and accurately crunch numbers.

How do accountants train themselves to be detail-oriented? It starts with steely concentration and intellectual curiosity. They clear their mind and seek answers to key questions. They synthesize reams of client information and produce tax returns that pass muster.

Of course, accountants make mistakes just like everyone else. But by following these six tips, you're more apt to do error-free work and catch details that others miss.

1. Put Processes To Work

If you engage in repetitive tasks, the mundane nature of the work can lead to complacency. Beware of allowing the routine to deaden your mental acuity.

Put processes in place that strengthen your performance and reduce errors. Develop reliable systems, such as quality-control measures or random audits of your output, that help you absorb relevant details.

"In my profession, you've got to make sure you have checks and balance in place," said Mike Sacco, a certified public accountant in Worcester, Mass. "This is my 33rd tax season, and I've always been big on paying attention to detail."

2. Team Up

Enlist colleagues to lend a hand. An observant, disciplined co-worker can prove invaluable in providing an extra layer of oversight.

"We use colored pencils to make sure we've seen this or that number," Sacco said. "One of us uses one color, and then the reviewer uses a different color" in going over the same material.

3. Refresh Your Mind

Even if you have supreme powers of concentration, you may eventually tire of doing meticulous work such as preparing complex tax returns. Pushing yourself to burn the midnight oil can be counterproductive, especially during tax season when accountants face pressing deadlines.

"Sometimes, you've got to reboot and look at something with fresh eyes," Sacco said. "It's knowing when it's time to walk away from it and come back later. If you're rushing (and unwilling to take a break), that's what causes mistakes."

4. Set A High Bar

Set high expectations for digesting every detail without letting up. Some of the biggest headaches result from momentary inattentiveness.

"An easy mistake in accounting, like transposing a number, can lead to a ripple effect," Sacco said. One minor mishap can trigger far larger and more intractable problems, so exercise vigilance from the outset.

5. Remove Distractions

Sensory overload can limit your attention to detail. If you're snacking at your desk or glancing at your phone, you can divert your focus from what matters most.

Michael Cecere, a certified public accountant in Canton, Mass., shuts off his phone and email alerts when he needs to concentrate on work. Eliminating potential diversions lessens the odds that your mind will stray from the task at hand.

6. Write And Hear

You may think you're writing a report that's simple and straightforward, but readers may struggle to understand your main point. Test the clarity of your message by hearing it after you write the first draft.

"When I write memos, I use Microsoft's ReadAloud (text-to-speech app)," Cecere said. "Having a computer voice read back to you what you wrote, you can tell if the sentence structure is all wrong or it didn't come together like it did in your head."

ZTO Express Earnings

IBD Newsletters

Get exclusive IBD analysis and action news daily.

IBD Newsletters

Get exclusive IBD analysis and action news daily.

Thank You!

You will now receive IBD Newsletters

Something Went Wrong!

Please contact customer service

ZTO Express Stock Technical Analysis

ZTO Express Counts Alibaba As Investor

IBD Newsletters

Get exclusive IBD analysis and action news daily.

IBD Newsletters

Get exclusive IBD analysis and action news daily.

Thank You!

You will now receive IBD Newsletters

Something Went Wrong!

Please contact customer service

Questioning Multiple Sclerosis Treatment

Could Be A Boon For Another Biotech

1. Put Processes To Work

2. Team Up

3. Refresh Your Mind

4. Set A High Bar

5. Remove Distractions

6. Write And Hear

YOU MAY ALSO LIKE:

Contact Form