Bristol-Myers bulks up cancer portfolio with $US74 billion Celgene deal

Bristol-Myers bulks up cancer portfolio with $US74 billion Celgene deal

“This proposed deal does not send a confident signal about Bristol’s independent growth prospects,” Arfaei said in a client note.Increasing competition for main cancer treatments of both companies and clinical setbacks last year have resulted in investor concern over their future prospects.Shares of Celgene have lost 38.6 per cent of its value in 2018, while…


Directorships a risky business opportunity in the post-Hayne world

Directorships a risky business in the post-Hayne world

Ms O’Reilly is the former co-head of unlisted infrastructure at Colonial First State Global Asset Management. She says concerns about personal liability have been thrust to the fore for many directors after boards have been exposed for failing to sufficiently challenge executives.”Some of these more-experienced directors are saying ‘Well I’ve survived and my reputation is…


Leading Apple analyst still bullish

Leading Apple analyst still bullish

Apple was said to be different to all other technology companies in that it broke the laws of price elasticity. It could get away with increasing prices significantly without fear of crushing consumer demand.But times are changing. The creator of the smartphone pulled forward lots of demand with the release of the iPhone X, but…


Judge ‘troubled’ by disappearance of Deloitte files

Judge ‘troubled’ by disappearance of Deloitte files

Deloitte was Hastie’s auditor from 2005 until 2012. The files include audits of Hastie’s financial statements for the 2010 and 2011 financial years.After Mr Saayman successfully claimed privilege against self-incrimination in October 2018, it fell to “uninvolved partners” to comply with a court order to produce the documents.The court met with resistance when the uninvolved…


BHP ordered to rehire ‘dinosaur’

BHP ordered to rehire ‘dinosaur’

Gender-specific observation”In some respects, Mr Macklin might be considered to be a workplace ‘dinosaur’ on account of his conduct and demonstration of disrespect, at times,” Commissioner Hunt noted in a decision handed down in Brisbane on Monday.”He has been employed by the one employer for 38 years, and like the character Brooks Hatlen in The…





Saudi Arabia made Netflix delete a comedy show that accused it of covering up Jamal Khashoggi’s murder to protect its crown prince

Saudi Arabia made Netflix delete a comedy show that accused it of covering up Jamal Khashoggi’s murder to protect its crown prince

Netflix removed an episode of a comedy show that was critical of Saudi Arabia and accused the country of covering up the killing of journalist Jamal Khashoggi to protect its crown prince. The episode of Hasan Minhaj’s “Patriot Act” that was removed from Saudi Arabia criticized Crown Prince Mohammad bin Salman and cast doubt on…


The world’s biggest stock bear says you shouldn’t be fooled by the market’s rebound — and explains why we’re still doomed to lose another 50%

The world’s biggest stock bear says you shouldn’t be fooled by the market’s rebound — and explains why we’re still doomed to lose another 50%

John Hussman — the outspoken investor and former professor who’s been predicting a stock crash — briefly turned bullish on the market following its Christmas Eve sell-off. But Hussman refuses to get caught up in the hype surrounding the market’s rebound. He explains why equities are still doomed to lose 50% from current levels. The…