In the very definition of 'irony', The FTC is preparing to file charges against Irish drug maker Mallinckrodt for allegedly using its monopoly to jack up the price of a drug used to treat lupus and multiple sclerosis by 2165%, after none other than Martin Shkreli filed suit. MNK is halted, limit down at its lowest price since Nov 2013...
The Fed's latest beige book, perhaps the most boring report released by the Federal Reserve, found 10 of the 12 Fed districts growing at the now ubiquitous "modest or moderate pace" with Cleveland growing only slightly and New York reporting little change for the fourth period in a row. However, despite stagnant growth, margin pressures are building as input prices are rising faster than final goods prices.
"While there is a strong view that President Elec Trump’s “getting hard on China” stance will be a huge positive for the steel industry, BASED ON THE NUMBERS, we would argue that this was accomplished during Obama’s two-term presidency"
How does Obama explain the sudden about face and forgiveness for Manning’s intelligence “betrayal”, that jeopardized the “fabric of US democracy” and “endangered US national security”? Are we to believe that John Podesta’s emails are worthy enough for conflict with Russia, but Manning’s classified document release, that exposed the highest level of US military intelligence information, is now considered forgivable?
Bitcoin prices in China had fallen last week after the PBOC began to investigate platforms and now, as Beijing News reports, margin trading and short selling violations were found at Bitcoin exchanges OkCoin and Huobi.com after preliminary inspections, according to PBOC officials.