Steve Elms of Aisling Capital made a huge score on one of the biggest deals of his career: Eli Lilly’s purchase of Loxo Oncology, Inc. Elms is chairman of the board of Loxo and his investment firm, Aisling Capital, is one of the company’s largest shareholders. Aisling’s stake in the company is worth about $480 […]
Following National Security Advisor John Bolton’s humiliating trip to Turkey this week wherein he was snubbed by President Erdogan for seeking “new conditions” on Trump’s Syria pullout, Bolton has signaled the US could work with Russia to ensure the enduring protection US-backed Kurds once American forces exit. Bolton said during an interview with the Hugh Hewitt radio show on […]
The fact that all 11 Republican members on the Senate Judiciary Committee are men, it was somewhat inevitable they would bring in outside female assistance to question Supreme Court nominee Brett Kavanaugh and his accuser Christine Blasey Ford about her allegation of sexual assault. According to multiple reports tonight, Arizona prosecutor Rachel Mitchell has emerged as […]
Authored by Mike Shedlock via MishTalk, Foreign Direct Investment (FDI) in the US should be rising. Tax cuts spur investment and the US economy seems much stronger than abroad. Nonetheless, FDI is negative… The lead-in chart is from the Organization for International Investment report on Foreign Direct Investment in the United States, Preliminary 2nd Quarter 2018. […]
WTI extended gains today after OPEC signaled it may not replace Iranian oil that’s disappearing from global markets as U.S. sanctions loom, but slumped off its highs of the day after Trump slammed OPEC for “ripping off the world.” As Bloomberg noted, OPEC shrugged off the threat to Iranian supplies over the weekend, spurring some […]
Authored by Lance Roberts via RealInvestmentAdvice.com, Yesterday, the market sold off modestly over continuing concerns of “tariffs” and trade wars. At least that was the headline reason. The real reason was simply that the market is overbought in the short-term and traders were taking profits in a light-volume session. As shown in the chart below, the sell-off […]
The White House has prepared an intelligence blueprint for regime change in Venezuela, according to a bombshell Monday evening report in Axios. According to the report, which follows a New York Times story from early this month that confirmed the administration had previously established a “clandestine channel” involving covert meetings with Venezuelan military coup plotters targeting President Nicolás Maduro, the White House […]
In a stunning vote of “no confidence” in the US monopoly over global payment infrastructure, one month ago Germany’s foreign minister Heiko Maas called for the creation of a new payments system independent of the US that would allow Brussels to be independent in its financial operations from Washington and as a means of rescuing […]
Via SchiffGold.com, The Dow Jones pushed into record-high territory again late last week. As Peter Schiff pointed out in his latest podcast, Pres. Trump was out there pointing out the record run on Wall Street and claiming responsibility for this bull market. Just turn on Fox News and hardly a segment will go by that […]
The latest episode in the years-long legal drama between Qualcomm and Apple was unveiled today, when CNBC’s David Faber reported that Qualcomm has lobbed “explosive” charges against Apple for stealing “vast swaths” of its confidential information and trade secrets for the purpose of improving the performance of chip sets provided by Qualcomm competitor Intel, according […]