Gilead Sciences, Inc. (NASDAQ:GILD), a biotech company, has announced unsatisfactory results from a study that was meant to establish the efficacy of simtuzumab in Pancreatic Cancer Treatment. The study, which was at phase II, involved adding 200 or 700 milligrams of simtuzumab to gemcitabine in a bid to establish whether that would substantially improve progression-free…
Twitter Inc (TWTR) Update: Investor Peter Thiel Alludes To Pot-Smoking as a Possible Cause of “Horrible Mismanagement”
Peter Thiel, the co-founder of Paypal Inc. and a former Facebook Inc. investor has said in an interview that there is probably “a lot of pot-smoking” going on at Twitter Inc (NYSE:TWTR), and that’s why it’s “horribly mismanaged.” “Twitter is hard to evaluate. They have a lot of potential. It’s a horribly mismanaged company –…
Peter Thiel Prefers Google Inc (GOOG) Stock Over Apple Inc. (AAPL)
Debates on which stocks to invest in over others, are continuous processes that keep investors and businessmen updated about where to put their money. And the latest one has been triggered by Peter Thiel, an iconic investor and the co-founder of Paypal Inc. In a comprehensive interview with CNBC, who is an earlier investor in…
Nektar Therapeutics (NKTR) And AstraZeneca plc (AZN) Get Approval of FDA For Movantik
The U.S. Food and Drug Administration (FDA) has approved Movantik (naloxegol) tablets drugs that are used for the treatment of constipation, Nektar Therapeutics (NASDAQ:NKTR) has said. In the statement, the pharmaceuticals company announced that the drug has successfully gone through the agency’s approval intricacies to attain their approval as a treatment of constipation caused by…
Netflix, Inc. (NFLX) and Comedy Star Judd Apatow to Produce “Love” Show for Two Seasons
Netflix, Inc. (NASDAQ:NFLX), the famous streaming service, has announced a business agreement with comedy star, Judd Apatow, for the production of a comedy show dubbed “Love”. Netflix has announced that the series will have ten episodes for the first season and twelve episodes for the second season. Apatow is known for some major production such…
Sears Holdings Corp (SHLD) Set to Controversially Receive $400 Million in Loan from ESL Investments Inc. Affiliates
Sears Holdings Corp (NASDAQ:SHLD) is expected to receive a $400 million in loan from groups associated with own CEO, Edward Lampert, who also doubles up as the Chairman. Even though the contention in the borrowing isn’t readily noticeable, a more objective look reveals that all the lenders in the loan agreement are under the control…
SinoCoking Coal and Coke Chem Ind, Inc. (SCOK) Stock Rises As the Company Gets Chinese Government Nod
SinoCoking Coal and Coke Chem Ind, Inc. (NASDAQ:SCOK), a coal and coke processor, announced on Tuesday that it has landed a deal with the local government of Pingdingshan. In the said deal, the local government agrees to provide SinoCoking with a wide gas distribution network, storage facility, and a 7.5 square miles piece of land…
Twitter Inc (TWTR) Gets Buy Rating From Analysts Including UBS and MKM Partners
After UBS investment bank changed the rating of Twitter Inc (NYSE:TWTR) from “neutral” to “buy”, there has been a growing interest in the stock. The social media company has also registered successive three months advancement in the market, a factor that continues to attract more investors. On Tuesday, Twitter Inc (NYSE:TWTR) closed at $50.83, which…
The Boeing Company (BA) and Space Exploration Technologies Corporation Wins $6.8 Billion for U.S. Spacecraft Manufacture
The National Aeronautics and Space Administration (NASA) announced Tuesday that The Boeing Company (NYSE:BA) and Space Exploration Technologies Corporation, popularly known as Space X, are the two companies that have won a $6.8 billion contract to develop a means to the International Space Station. The third company, Sierra Nevada Corporation, that also contended for the…
21Vianet Group Inc (VNET) Stock Gains as CEO Refutes Fraud Accusations
21Vianet Group Inc (NASDAQ:VNET) stock registered growth as CEO, Josh Chen, released 91 pages of financial information denying claims of fraud leveled against the company by Trinity Research Group. The Chinese data-center operator was accused of overstating its business and using financings and acquisitions to inflate growth. Trinity Research Group said that it believes that…