News 

Glaxo, Pfizer to unite consumer-health businesses

“The deal represents a surprise ending to a monthslong process by Pfizer to shed the consumer business, as it and other big pharmaceuticals focus more heavily on their higher margin prescription-drug units” writes Carlo Martuscelli for marketwatch.com. Glaxo said the move allows it to build on its buyout of Novartis International AG’s stake in a previous health-care joint venture, a $13 billion deal that was announced earlier in the year. Source: marketwatch.com Share This:

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Crypto News Platforms 

Cryptocurrency fraud continues to raise concerns in Belgium

“The FSMA black list of cryptocurrency trading platforms now includes a total of 113 websites” reports financefeeds.com. FSMA started publishing its “black list” of cryptocurrency platforms in February 2018.Today’s announcement underlines the growing concerns stemming from the rise of cryptocurrency scams. Source: financefeeds.com Share This:

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News 

GE Healthcare just filed a confidential IPO, kickstarting a spinoff that would create one the world’s biggest pharma giants

“General Electric has filed confidentially for an IPO of its health unit, planning a spinoff that would create one of the world’s largest pharma giants” writes Will Martin for businessinsider.com. Bloomberg calculates that the newly spun off health company could have an enterprise value of $65 billion to $70 billion.Germany’s Siemens listed Healthineers unit in March, and its shares are up about 32% since, Bloomberg said, making it a €37 billion company. Source: businessinsider.com Share This:

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Markets News 

It’s foolish for investors to try to time the next recession — here’s a surefire 3-part strategy UBS says can thrive in any environment

“When investors look back on 2018, they’ll likely think of it as the year where there was nowhere to hide” writes Joe Ciolli for businessinsider.com. Michael Crook, the head of Americas investment strategy at UBS, could see stock performance going either way.”A liquidity strategy helps separate spending needs from portfolio volatility, and provides ballast to make it through bear markets,” he said.This L is intended to make sure an investor has enough assets and resources to use for the rest of his/her life. Source: businessinsider.com Share This:

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News 

UK regulator fines Santander over handling accounts of deceased customers

“The Financial Conduct Authority (FCA) said Santander UK did not transfer funds worth more that 183 million pounds to beneficiaries, directly affecting 40,428 customers” writes Alice Tidey for cnbc.com. Britain’s financial watchdog said it had fined Santander UK Plc 32.8 million pounds ($41.49 million) after it failed to effectively process the accounts and investments of customers who had died. “We have now transferred the majority of customer funds and made significant improvements to our whole probate and bereavement process.”.  Source: cnbc.com Share This:

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Futures News Regulators 

Dow futures edge higher ahead of Federal Reserve rate decision

“U.S. stock index futures were slightly higher on Wednesday morning, as traders eagerly awaited the Federal Reserve’s latest monetary policy decision” writes Sam Meredith for cnbc.com. ET, Dow futures were 126 points higher, indicating a positive open of more than 42 points.Market focus is largely attuned to the actions of the U.S. central bank, amid mounting speculation the Fed could be tempted to pause monetary tightening on Wednesday.Complicating matters further for the central bank, President Donald Trump warned Tuesday that it must tread carefully in order not to “make yet…

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Futures News Reviews 

Futures Daily Review December 19, 2018

Futures Daily Review for December 19, 2018 U.S. oil futures drop over 7% for lowest finish since August 2017 Oil futures dropped Tuesday, with U.S. prices suffering from their lowest settlement in almost 16 months. A reported rise in monthly Russian oil produ   U.S. oil futures drop by more than 4%, on track for lowest finish since Sept. 2017 Losses for oil intensified late Tuesday morning, with prices for the U.S. benchmark crude dropping by more than 4%. “Oil is under pressure again as it   Have a nice…

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Markets News Regulators 

Gold scales over five-month peak, investors await Fed outlook

“Gold prices edged higher to a more than five-month peak on Wednesday as a softer dollar supported the bullion while investors awaited cues on the rate hike trajectory of the U.S. central bank from its two-day policy meeting” reports cnbc.com. “The market is largely in a holding pattern as everyone is focusing on the FOMC (Federal Open Market Committee) meeting …Holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 1.08 percent to 771.79 tonnes on Tuesday.Lower interest rates reduce the opportunity cost of holding non-yielding bullion and…

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