MGEN Shines, NBRV Breathes Easy, SRPT Slips On FDA Snub

Today’s Daily Dose brings you news about FDA approval of Nabriva’s new pneumonia antibiotic; Sarepta’s disappointment; Vanda’s receipt of Complete Response Letter for the expanded indication of HETLIOZ; and Miragen Therapeutics’ anticipated milestones. Read on… Shares of Miragen Therapeutics Inc. (MGEN) rose 49.45% on Monday after H.C. Wainwright analyst Vernon Bernardino initiated coverage on the stock with a Buy rating […]

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Hong Kong Q2 GDP Growth Downwardly Revised

Hong Kong’s economy grew less-than-estimated in the second quarter as anti-government demonstrations started to weigh on economic activity. Gross domestic product expanded 0.5 percent on a yearly basis, instead of 0.6 percent estimated previously, revised data from the Census and Statistics Department showed Friday. The economy had advanced 0.6 percent in the first quarter and 1.2 percent in the fourth […]

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Recession? White House economic adviser says not 'at all'

Larry Kudlow on economic and political fallout from ongoing trade tensions with China White House economic adviser Larry Kudlow joins Dana Perino on ‘Fox News Sunday.’ Top White House economic adviser Larry Kudlow said Sunday he does not forecast a recession “at all,” despite warning signs exhibited by the bond market last week. Continue Reading Below “First of all, I […]

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Billionaire Joe Tsai is officially the Brooklyn Nets’ new owner

Taiwanese-Canadian businessman Joe Tsai is officially the new owner of the Brooklyn Nets basketball team, which is gearing up for a hot new season after signing star players Kevin Durant and Kyrie Irving. Russian billionaire Mikhail Prokhorov on Friday announced he sold his remaining 51% stake in the team to Tsai, co-founder and executive vice-chairman of e-commerce company Alibaba. Prokhorov […]

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#BoycottMulan trending after star Crystal Liu Yifei posts ‘I support the Hong Kong police’

This Disney warrior is at the center of a real-life battleground. Chinese-born American actress Crystal Liu Yifei, who plays “Mulan” in Disney’s DIS, +1.39%  upcoming live-action remake of the 1998 animated film, has spurred calls to boycott the new movie after posting her support for Hong Kong riot police on Chinese social media site Weibo. Liu has almost 66 million […]

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Consumer debt is not a ticking time bomb that will kill the economy

The U.S. economy has a ton of problems to worry about, but there’s one part that’s solid: The 122 million households whose work, earnings, spending, saving and borrowing account for the bulk of U.S. economic activity. The retail sales report released Thursday is just another data point that shows households are in good shape. Spending is robust despite the worrisome […]

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