Zero-Sales Biotechs May Damage Your Financial Health

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China's biotech unicorns are chasing a big prize. Landing it may prove elusive. BeiGene Ltd. raised $903 million in a secondary listing in Hong Kong last week. The company’s market value has swelled to $9.4 billion since its 2016 initial public offering on the Nasdaq, despite the firm being at the “clinical stage”– a euphemism for having sales. Competitor […]

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Did Chris Collins Forget the Martha Stewart Trial?

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The day after Christmas 2001, Sam Waksal, the chief executive of ImClone Systems, began selling off shares in the company after learning that the Food and Drug Administration according to the indictment. Then Cameron Collins gave the information to his future father-in-law, Stephen Zarsky. Cameron Collins also told his fiancée and his future mother-in-law. They […]

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Elon Musk Stumbles Into a Good Point

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Today’s Agenda Tesla really should just go private. America’s health-care system is at stake in the midterm elections. The Trump administration is blowing its AT&T/Time Warner appeal. Starbucks thinks China will come out of the trade war in good shape. Maybe job tenure shouldn’t just be a thing for college professors. Why the heck not? […]

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Cars Keep Getting Better. That Makes Disruption Harder.

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On Wednesday, Tesla Inc. announced its second-quarter results. Those results, along with Elon Musk’s apologies to analysts for his rudeness three months earlier, pushed its stock price up and 2025 bond yields down. During the earnings call, Musk and his colleagues said “improve” or “improvements” 14 times in describing everything from Tesla’s production lines to […]

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Les Moonves Has Nothing to Say to You People

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Today’s Agenda CBS's board is doing a not-great job. There's good news and bad news in the jobs report. Trump’s latest tax-cut scheme should be a non-starter. Elizabeth Warren has some advice for the SEC. Les Moonves has no comment. Great quarter.” Stop doing that! Matt Levine argues analysts aren’t paid for confrontational journalism, but rather […]

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Dont Despair, Democrats. Just Vote.

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It's no surprise. Supreme Court Justice Anthony Kennedy is an elderly man. He was bound to retire sooner or later, and when you're 81, sooner usually wins.   To replace Kennedy, Senate Republican leader Mitch McConnell won't have to sledgehammer equity, comity and decades of democratic norms, as he did in 2016 when he blockaded […]

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New Yorks CaseAgainst Trump May Be Prophetic

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The report released by the inspector general of the Federal Bureau of Investigation on Thursday painted a vivid picture of the past. It shows that in 2016, James Comey, then the FBI director, inexcusably broke the rules in advertising his department’s investigation into Hillary Clinton while simultaneously following the rules in keeping its investigation of Donald […]

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Trump and Kim Can Learn a Thing or Two From Singapore

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U.S. President Donald Trump and North Korean leader Kim Jong Un are spending such a short amount of time in Singapore this week. Maybe they should stick around longer to see what makes its economy tick. Singapore is an especially wealthy nation, with a per capita income of bonuses attached that can double that sum […]

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Hiding My Depression Almost Destroyed My Job

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If you spent any time on social media this past weekend, you no doubt saw hundreds — nay, thousands — of people reflecting on the recent suicides of Kate Spade and Anthony Bourdain. Some wondered what could have motivated these two wildly successful people to take their own lives. Others noted that we can never […]

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The Defeat of Reason and Muellers `Person A

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The weekend is here! Pour yourself a mug of Seattle’s Best coffee, grab a seat by the pool and get ready for our longer-form weekend reads: Inside the chaos of Donald Trump’s trade wars (Stat) Merkel on EU reform: a decryption (Boston Review) Charles Kushner, unfiltered: The Kushner Cos. boss gets candid about 666 Fifth, federal investigations, tenant-harassment allegations and […]

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