Real estate

Valeant Sells Assets For $2.1 Billion To Reduce Massive Debt Load

Valeant is selling its Dendreon cancer business and three skincare brands for about $2.12 billion to L'Oreal and China's Sanpower Group, as the troubled Canadian drugmaker seeks to pay down some of its massive $30 billion debt. The stock bounced 15% in pre-market trading on the news.

Here's A Unique Sign Of Inflation

"I remember the first time I ever saw a $100 bill. I was dumbfounded. It was more money than I had ever seen in my young life.... $100 could practically pay the rent in a lot of places back in the 80s. That’s obviously no longer the case...$100 simply isn’t the awe-inspiring symbol of wealth that it used to be. And that’s because of inflation."

Frontrunning: January 9

  • European shares dip, sterling falls on Brexit comments (Reuters)
  • Pound Falls to 10-Week Low as May Hints at Single-Market Exit (BBG)
  • Offshore Yuan Falls for Second Day as Bears Reload After Squeeze (BBG)
  • Trump's choices for top Cabinet posts face big tests this week (Reuters)
  • Nine Trump Nominees Who’ll Face Extreme Vetting by Democrats (BBG)
  • Meet the Mercers: New Power Brokers in Trump’s Washington (WSJ)

Party Like The Dow Is 19,999: US Futures Dip As Global Currencies Stumble; Oil Down, Gold Up

European, Asian stocks fall and U.S. equity-index futures traded mixed on Monday with fresh memories of the Dow Jones rising to under 1 point of 20,000 on Friday. The dollar has rebounded on fresh geopolitical concerns, while the pound extends its decline from Friday and has slide to 10 week lows on a Sunday interview from Theresa May which suggested a "Hard Brexit" may be in the cards.

5,000 National Guard Deployed At Inauguration As Michael Moore Calls For "100 Days Of Resistance" Against Trump

Michael Moore is calling for large protests at Donald Trump's inauguration and “100 days of protest” during the president-elect’s first 100 days in office. Meanwhile, in preparation for protests and/or violence, the head of the Secret Service's District field office, Brian Ebert, said that about 3,000 police officers from outside the District, 5,000 National Guard troops and federal agents will staff buffer crowd-control barriers and bag checks

The False Economic Recovery Narrative Will Die In 2017

The false recovery narrative will indeed die in 2017, and it will be because the globalists WANT it to die while nationalists are at the helm. This is perhaps the biggest con game in recent history; with conservatives as the fall guy and the rest of the public as the gullible mark.

Dead Unicorn Walking? Theranos Fires Another 40% Of Staff

In October we noted that the death of Theranos has been long coming - ever since the WSJ' John Carreyrou did a phenomenal job, starting about one year ago, of exposing the fraud that is Clinton Global Initiative-darling Elizabeth Holmes - but now following the second round of massive job cuts, it appears the final nail in the coffin of this 'fake news' unicorn is being struck. As Bloomberg reports, the startup will eliminate 155 more positions, leaving 220 employees (down over 70% from highs).