| Indexes |
| Russell 2000 +1.65% |
| NASDAQ Composite +1.12% |
| Dow Jones Industrial Average +1.03% |
| S&P 500 +0.88% |
| Portfolios |
| Widows and Orphans +0.47% |
| Pretty Girls and Railroads +1.07% |
| Climbers and Dogs +0.80% |
| Cumulative +0.78% |
- Pharma M&A: defensive deals
May 28 2013 15:28 BST
Another day, another healthcare sector deal. AstraZeneca's purchase of Omthera on Tuesday is small (maximum value: $443m), bolt-on (to an existing cardiovascular business), and necessary (AstraZeneca needs to replenish its drug portfolio). It also maintains the pace of acquisitions in healthcare this year. The sector's valuation, however, suggests that investors... - Generic drugs: Watchdogs probe pay-for-delay deals
May 28 2013 14:40 BST
Sir Andrew Witty winces at the term, but the chief executive of GlaxoSmithKline is one of a growing number of chief executives under scrutiny for the use of "pay for delay" agreements between drug manufacturers holding patents on medicines and their generic rivals. For years, the US Federal Trade Commission... - Inventor of the Year Awards: Jury panellist says a little argument is no bad thing
May 28 2013 14:40 BST
If everyone was to vote on whether science and technology has benefited humankind, the overwhelming opinion would be "yes". But judging the merits of individual technical advances is much harder. Which should we rate more highly: a way of working out the identity of genetic fragments to treat cancer, or... - Non-European winner: 'Mr Fixit' just wanted to make the connections
May 28 2013 14:40 BST
Ajay Bhatt has come across products that he never imagined would use the Universal Serial Bus (USB) that he first dreamt up 20 years ago. USB cables and connections charge our phones, transfer files to memory sticks, transmit pages to printers and are responsible for all manner of data exchanges.... - Online travel sector sets precedent for US tax collection
May 28 2013 12:34 BST
Taxes have long been the ire of internet companies that build their businesses in the borderless ether, only to later garner the attention of regulators once they achieve market success. After more than a decade-long exemption, the US Congress is deliberating on a bill that will require ecommerce companies such...
Portfolio Movers
| Gainers | Today's Market Change |
|---|---|
| KKR & Co LP KKR:NYQ | 0.77USD+3.81% |
| United Microelectronics Corp UMC:NYQ | 0.07USD+3.47% |
| Sempra Energy SRE:NYQ | 2.57USD+3.23% |
| Prothena Corporation PLC PRTA:NMQ | 0.30USD+2.92% |
| Cellcom Israel Ltd CEL:NYQ | 0.22USD+2.47% |
| Losers | Today's Market Change |
|---|---|
| American Capital Agency Corp AGNC:NSQ | -1.30USD-4.70% |
| Anworth Mortgage Asset Corp ANH:NYQ | -0.08USD-1.35% |
| Apple Inc AAPL:NSQ | -2.32USD-0.52% |
| Invesco Mortgage Capital Inc IVR:NYQ | -0.10USD-0.51% |
| Resource Capital Corp RSO:NYQ | -0.02USD-0.31% |
Disclosure: I am long KKR, UMC, SRE, PRTA, CEL, AGNC, ANH, AAPL, IVR, RSO.