Heads-up News 

Tokyo Trading Session Heads Up Thursday, October 12, 2017

Tokyo opening news digest

Roche’s Blockbuster Oncology Drugs Losing Steam As They Approach Patent Expiry

Roche Holdings’ oncology business accounts for over 50% of the company valuation, according to our estimates. The company’s blockbuster oncology drugs are Avastin, Herceptin and MabThera/Rituxan. These three drugs alone accounted for roughly 40% of the company’s overall revenues in 2016


USD/CAD: Fading The Rallies Into BoC Meeting In 2 Weeks – TD

TD FX Strategy Research recommends fading USD/CAD rallies ahead of the BoC meeting in two weeks. “The technical picture has also improved with the break of the 1.2472 (fib level) suggesting more room to push lower.The next key levels to watch are 1.2393 and 1.2330 that would signal a push to the lower end of the recent range.Whi


America’s 10 hottest cities for startups

Tech startups are the small but mighty heroes of the innovation revolution. They create jobs, stimulate the economy and bring bold, often life-changin


Alphabet quietly made its experimental balloon project a full-fledged corporation — a first step to a new Google spinout

Project Loon, the internet balloon project developed by Google parent company Alphabet, was listed as “Loon Inc.” in recent government filings.


A star stock picker at Fidelity was reportedly fired after an allegation of sexual harassment

Gavin Baker, a star investor at Fidelity, was fired after he allegedly sexually harassed a 26-year-old associate, according to a Wall Street Journal report.


THE BOTTOM LINE: A market warning, the big bitcoin debate and a deep dive on tech heavyweights

This week: A market warning, debating the legitimacy of bitcoin, and a deep dive on Facebook, Amazon, Tesla, Alibaba and Uber with NYU professor Scott…


Wall Street banks have realized they can’t do it all themselves

If banks want to stay afloat they’ll need to team up with startups and focus on what makes them special.


We talked to Morgan Stanley’s head of media research about Netflix, Disney, and cord-cutting (MS, NFLX)

When Ben Swinburne joined Morgan Stanley’s equity research team in 1999, companies like Netflix, Amazon, Facebook and Google were in their infancy, i…


Maverick Capital, a $10.5 billion hedge fund, is jumping on one of the hottest trends in investing

Maverick Capital is starting two quant funds that will accept up to $1 billion each, according to documents seen by Business Insider.


STOCKS SLIP FROM RECORD HIGHS: Here’s what you need to know

Stocks declined after hitting a record high on Wednesday as traders weighed the possibility of tax reform and speculated on the Federal Reserve’s next action.


Applied Optoelectronics down more than 17% on profit, revenue warning

Shares of Applied Optoelectronics Inc. AAOI, -4.23% fell 17% late Thursday after the Sugar Land, Texas, company warned investors about lower-than-expe


Antares Pharma stock plunges more than 30% after FDA letter

Antares Pharma Inc. ATRS, -5.33% announced Thursday that the U.S. Food and Drug Administration had found deficiencies in the drug Xyosted (testosteron


Analyst hikes Nvidia price target to $220

Nvidia Corp. NVDA, +0.05% is a $220 stock, says RBC Capital Markets analyst Mitch Stevens, who hiked his price target Thursday from a prior $205. Nvid


Fed officials disagree on need for interest-rate hike in December

Federal Reserve officials disagreed Thursday about the need for more interest rate hikes. St. Louis Fed President James Bullard told Business Insider


Hostess Brands’ CEO Bill Toler to retire by March 1

Hostess Brands Inc. TWNK, -0.37% the company best known for Twinkies, is searching for a new leader after Chief Executive Bill Toler informed the comp


Cheer Up


“Successful trading is one long journey, not a destination” Peter Borish


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