October, 2019

• 22 October

  Harley rises as motorcycle maker cuts spending during sales slump

  

  Bloomberg Harley-Davidson Inc profit beat estimates as the motorcycle maker pared back spending plans to partially offset shrinking sales in the US, its biggest market. Adjusted earnings fell to 70 cents a share in the third quarter, the Milwaukee-based manufacturer said in a statement Tuesday, exceeding analysts’ average estimate for 67 cents. Harley shares climbed as much as 7.3% in ...

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• 22 October

  Biogen surges 22% over momentum for Alzheimer’s therapy

  

  Bloomberg Biogen Inc will ask US drug regulators to approve the company’s experimental Alzheimer’s therapy, reviving the nearly abandoned treatment after a new analysis of data from two failed clinical trials showed promising results. The company said it made the decision after talking with the Food and Drug Administration (FDA), and reviewing data from a set of experimental trials showing ...

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• 22 October

  Stamps.com rises after UPS pricing deal

  Bloomberg Stamps.com Inc shares rallied on Tuesday ahead of the opening bell after United Parcel Service Inc announced a pact to offer discounted shipping rates to the company’s customer base of more than 740,000. “We long mentioned a new partnership was needed to help lift shares and believe the UPS collaboration is a step in the right direction,” wrote Darren ...

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• 22 October

  Novartis boosts forecast again as new gene therapy shines

  

  Bloomberg Novartis AG raised its earnings forecast for the third time this year as new drugs including gene therapy Zolgensma got off to a strong start. Sales of the world’s most expensive drug beat analysts’ estimates with more than 100 children treated since Zolgensma’s May approval. Novartis said plans are in place covering about 90% of commercial patients and about ...

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• 22 October

  Trump’s betrayal of Kurds is sickening to US soldiers

  

  At a gathering of military and intelligence veterans, one topic shrouded the room: President Trump’s decision to abandon Kurdish fighters in Syria who had fought and died to help America destroy the IS. “It’s a dagger to the heart to walk away from people who shed blood for us,” one former top CIA official who attended the black-tie dinner told ...

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• 22 October

  How to survive an iPhone disaster

  

  Apple Inc.’s suppliers have walked a tightrope for a long time. They try very hard to get their products into the iPhone because it can mean a massive increase in sales. But they must proceed with care, as doing so risks yoking their business to the whims of the Silicon Valley giant’s famously capricious supply chain operations. When iPhone sales ...

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• 22 October

  Extinction Rebellion is right to target London

  London’s Extinction Rebellion, the undeniably effective local offshoot of the global environmental protest group, has been out in force again this week, shutting down streets in the financial district and disrupting flights from City Airport. Its so-called Autumn Uprising has led to more than 1,600 arrests, and provoked some very angry commuters. People from Greta Thunberg to Stanley Johnson, the ...

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• 22 October

  Can shoppers hold up the global growth?

  Relying too much on shoppers to tide over growth can be a risky business. China and the US have been leaning heavily on consumers to sustain their economic expansions. With the threat of hundreds of billions in tariffs looming over goods from bicycles to roof tiles, it seems only a matter of time before these noble buyers start to falter. ...

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• 22 October

  The upside to Facebook’s cryptocurrency disaster

  

  It’s just as well that big companies that process and facilitate payments have quit Facebook’s Libra cryptocurrency project, fearing a regulatory backlash. If Facebook really wants to bring financial services to the “unbanked,” it should try doing it on a smaller scale than these companies’ presence promised. And even then, the probability of failure will be high. It’s clear why ...

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• 22 October

  $16bn Wirecard has byzantine accounting

  

  Wirecard AG is treating its investors shabbily. The German fintech group has failed to respond convincingly to this week’s allegations that some of its recent financial reporting may be incorrect. Instead, it has aggravated the situation with communication that doesn’t befit a 14 billion euro ($16 billion) member of the blue-chip DAX Index. Revenue and profit for 2016 in particular ...

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