News Stocks 

Recent Biotech Pullback A Game of Risk

“The biotech sector as measured by the SPDR S&P Biotech ETF (XBI) has fallen by nearly 5 percent in recent weeks” writes Michael Kramer for investopedia.com. In this case, the XBI represents a basket of biotech stocks.Goldman Sachs added some positive sentiment Wednesday after adding biotech heavyweight Biogen (BIIB) to it is Americas Conviction list, according to MarketWatch. Source: investopedia.com Share This:

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News 

Trump’s pro-business agenda at risk after corporate America abandons president

“The loss of support from corporate America is big setback for a pro-business president who was a businessman himself and who based his campaign on helping Main Street and Wall Street” writes Jeffry Bartash for marketwatch.com. In just one stroke, the president lost the support of two traditional constituencies of the Republican party: big business and the military.Many business leaders only reluctantly joined Trump’s advisory board, apparently hoping he would behave better as president than he did on the presidential campaign.Yet an effort to hurt the businesses of CEOs who…

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Markets News Stocks 

Bill Ackman buys protection against stock market turmoil

“Billionaire hedge-fund manager Bill Ackman revealed he bought protection against a stock market drop due to rising geopolitical risk” writes Adam Jeffery for cnbc.com. This hedge “will protect against stock market risk,” he said, specifically citing a potential conflict on the Korean peninsula.The hedge-fund manager has become embroiled in a public battle concerning his latest activist position, ADP. Ackman revealed on the call he raised an additional $500 million in a co-investment vehicle for the firm’s ADP investment. Source: cnbc.com Share This:

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News 

Money Laundering Risk Rises in Annual Index of Countries

“As businesses become increasingly digital, corporate boards are beginning to realize that technology expertise is a powerful asset, according to new Deloitte research” writes Samuel Rubenfeld for wsj.com. The analysis shows that the number of technology-focused board members in all public companies remains low, although it has increased over the last six years. Consider how CIOs and other business-savvy technologists can help corporate boards understand and oversee technology-driven initiatives and opportunities. Source: wsj.com Share This:

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GBP News 

Britain to EU: Accept our Brexit plans for a relaxed Irish border or put peace at risk

“May has confirmed Britain will leave the customs union in March 2019, consequently putting the invisible border between Ireland and Northern Ireland at risk” writes Adam Payne for businessinsider.com.au. The implication being that, without these agreements being in place, there could be a risk to the peace process.Theresa May’s government challenges the EU to match its commitment to upholding the Good Friday peace agreement and Common Travel Area (CTA) — an open borders area comprising the UK and Northern Ireland. Source: businessinsider.com.au Share This:

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News 

Drugs tests in school in Philippines ‘could put students at risk’ amid bloody war

“The safety of Philippine high school and college students could be endangered by government plans to introduce random mandatory drugs tests on campus, Human Rights Watch has warned” writes Nicola Smith for telegraph.co.uk. But the move comes against the backdrop of President Rodrigo Duterte’s year long war on drugs, during which more than 7,000 suspected drug dealers and users have been killed by the police or by vigilante assassins accused of having links to the authorities. At least 21 people were killed in police raids overnight on Tuesday near the…

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Crypto Markets News 

Bitcoin Breaks past $70 Billion Market Cap

“Hitting this milestone will also mean Bitcoin will have a market cap of roughly $83 billion, which could lead to a $100 billion market cap” writes unknown author for cryptocoinsnews.com. This could be the result of a number of reasons: If we look at the charts below for the total global market capital for Bitcoin and total market capital (just altcoins excluding Bitcoin) you will see that the total market cap is on the rise, while the total market cap for cryptocurrencies has dropped in the past two days.Right now,…

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News 

Even A ‘Minor’ Nuclear War Would Be An Ecological Disaster Felt Throughout The World

“Supporters of the treaty argue that even a limited, regional nuclear war would produce a catastrophic and global humanitarian crisis” writes Follow The Conversation for huffingtonpost.co.uk. Nuclear war is also a war on the environment The greatest concern derives from relatively new research which has modelled the indirect effects of nuclear detonations on the environment and climate.This is why so many medical and public health organisations have been campaigning to make nuclear weapons illegal.A large-scale nuclear war between the US and Russia would be far worse.Continued adversarial rhetoric from both…

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