Eastman Kodak’s pharma ambitions took a hit when insider trading accusations put $ 765 million in U.S. funding on the skids. But a special committee hired by Kodak’s board has now cleared its top brass of wrongdoing—a decision that could clear its path into drug manufacturing. The board-appointed committee cleared (PDF) Kodak’s executives and shareholders… Read More »
1. Wall Street about to end a strong August and start historically challenging September The Dow on Monday reflects changes in the 30 stocks that make up the average and a stock split in one of its most influential components. At the open, Salesforce, Amgen and Honeywell will be included in the Dow, replacing longtime components Exxon… Read More »
Given the current pandemic and related economic stressors, many of us are trying to maintain healthy habits while watching our expenses. One of the areas where we can support our immune system is through our food choices. We all have to eat, and eat several times a day, and selecting foods that support our health… Read More »
Markets have in recent weeks applauded the monumental efforts taken by Congress and the Federal Reserve to insulate the U.S. economy from the impact the coronavirus. But to traders across Wall Street, a vaccine, or at least an effective therapy, remains the No. 1 focus for the market to have a shot at clawing back… Read More »
As detailed in The Highwire video above, in January 2020, Dr. Julie Gerberding — director of the U.S. Centers for Disease Control and Prevention from 2002 until 2009, who after leaving the CDC became president of Merck’s vaccine division in January 20101 — sold half her Merck stock options for $ 9.11 million. Gerberding also… Read More »
Alex Gorsky, Chairman and CEO of Johnson & Johnson. Adam Jeffery | CNBC Johnson & Johnson shares climbed about 3% Friday after an Oklahoma judge reduced the penalty the company must pay over the state’s opioid lawsuit from $ 572 million to $ 465 million. Immediately after the reduction, the company said it would appeal… Read More »