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With less demand for surgical relief during pandemic, Sun cuts poppy production in Tasmania

For many, the sedative power of poppies was introduced by Dorothy in the Wizard of Oz, galloping through flowers before falling fast asleep. Those blooms now provide raw materials for opioid painkillers used by the millions worldwide. But like the Wicked Witch of the West, who cast that poppy spell on Dorothy, the coronavirus pandemic has put […]

Shaw Communications’ 2Q EPS and Revenue Beat Estimates

Shaw Communications posted better-than-expected revenue and profit in the second quarter driven by the addition of new wireless customers. Shaw Communications (SJR.B) reported a 34.4% year-over-year increase in EPS of C$0.43 per share,topping  consensus estimates of C$0.34 . In addition, total revenues increased 1.8% to C$1.39 billion, beating analysts’ estimates of C$1.38 billion. On March 15, 2021, Shaw announced […]

Active Equity: “Reports of My Death Are Greatly Exaggerated”

This article is based in part on material drawn from “The Dawn of a New Active Equity Era” by C. Thomas Howard and Return of the Active Manager by C. Thomas Howard and Jason Voss, CFA. In our 2019 book Return of the Active Manager, we declared that active equity management was alive and well […]

General

Shaw Communications’ 2Q EPS and Revenue Beat Estimates

Shaw Communications posted better-than-expected revenue and profit in the second quarter driven by the addition of new wireless customers. Shaw Communications (SJR.B) reported a 34.4% year-over-year increase in EPS of C$0.43 per share,topping  consensus estimates of C$0.34 . In addition, total revenues increased 1.8% to C$1.39 billion, beating analysts’ estimates of C$1.38 billion. On March 15, 2021, Shaw announced […]

Active Equity: “Reports of My Death Are Greatly Exaggerated”

This article is based in part on material drawn from “The Dawn of a New Active Equity Era” by C. Thomas Howard and Return of the Active Manager by C. Thomas Howard and Jason Voss, CFA. In our 2019 book Return of the Active Manager, we declared that active equity management was alive and well […]

Are single seniors unfairly penalized at tax time?

Q. I am a senior with an income of about $115,000, single and in receipt of $7,364 in OAS benefits annually.  I keep only about $200 a year out of that for myself.  Yesterday, while doing my income tax return, it worked out that I ended up owing an extra $2,000 to $3,000 in income […]

SPAC Fever: Clear and Present Danger?

“Nations, like individuals, cannot become desperate gamblers with impunity. Punishment is sure to overtake them sooner or later.” — Charles Mackay Special-purpose acquisition companies (SPACs) have gone viral. They accounted for half of total initial public offering (IPO) funding in the United States last year, up from 20% the year before and less than 10% […]

Pharmaceuticals, health and wellness

With less demand for surgical relief during pandemic, Sun cuts poppy production in Tasmania

For many, the sedative power of poppies was introduced by Dorothy in the Wizard of Oz, galloping through flowers before falling fast asleep. Those blooms now provide raw materials for opioid painkillers used by the millions worldwide. But like the Wicked Witch of the West, who cast that poppy spell on Dorothy, the coronavirus pandemic has put […]

Moderna eyes beefed-up vaccine production with the help of U.S.-brokered manufacturing talks: report

The feds already had a hand in Merck and Johnson & Johnson’s “wartime” COVID-19 production pact. Now, Moderna is reportedly in government-brokered talks with a potential manufacturing partner. Moderna on Tuesday met with specialty drugmaker Nexus Pharmaceuticals to discuss manufacturing of its mRNA-based COVID-19 vaccine at the company’s new factory in Wisconsin, Reuters reports, citing sources […]

On a roll, Gilead snags 2nd Trodelvy nod—in bladder cancer—but Seagen and Astellas have set the bar high

On the heels of turning a conditional FDA nod for Trodelvy in triple-negative breast cancer into a full one, Gilead Sciences has snatched a second green light for the antibody-drug conjugate, this time in bladder cancer. But thanks to competitive data from a rival, pharma watchers have low sales expectations for the new indication. The FDA […]

Federal prosecutors launch Alnylam marketing probe, demanding Onpattro documents

Busy launching several new drugs, RNA biotech Alnylam posted a big revenue increase in 2020—and it expects more growth in 2021, partly thanks to its top-selling Onpattro drug. But now the U.S. Department of Justice is investigating its marketing practices for that very product.  The U.S. Department of Justice subpoenaed the biotech last week, demanding documents that detail its Onpattro marketing […]

Blockchain

Libra Co-Creator’s VC Firm Co-Leads $12M Round in ‘Decentralized GitHub’

In retrospect, it was inevitable: A team of blockchain developers has forked GitHub and come up with a system for collaborating on open source software. There’s even a decentralized finance (DeFi) twist. Announced Thursday, Radicle, a fully decentralized code repository, has raised $12 million in funding, integrated its peer-to-peer network with Ethereum and launched the […]

Coinbase Hires Former Stripe Exec as Chief Compliance Officer

Cryptocurrency exchange Coinbase has hired a former executive of payments company Stripe to head its compliance efforts. Melissa Strait joins the San-Francisco-based exchange as chief compliance officer where she will be charged with ensuring company accountability, transparency and customer financial safety, Coinbase announced Wednesday. Strait brings a wealth of experience at Stripe, having served more […]

Will 2021 Finally Be the Year of the Bitcoin ETF?

There’s been renewed interest in bitcoin exchange-traded funds (ETFs) with the nomination of Gary Gensler to head the Securities and Exchange Commission and the approval of a true Canadian bitcoin ETF. Whether one gets approved in the U.S. is still unclear. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency […]

New Emerging Markets Fund Targets Blockchain Startups

Asset management firms Alpha Innovations and Arcanum Capital have launched a $10 million venture capital fund focused on driving blockchain innovation in emerging markets.   The Arcanum Emerging Technologies Fund is to be the first of a series, with an initial close expected in late February, according to a company statement. The fund will provide seed […]

A directory listing for active private placement offerings

Greenway

Raising $5,000,000

Led by the team from DelFresco Pure, this cannabis company boasts an illustrious track-record of growing and distributing. Check out the pre-IPO opportunity before Greenway goes public.

Terms

$0.50 per share

Frontier Wellness Management

Frontier Wellness Management is raising funds to finance an expansion into Spain’s watershed cannabinoid market. Investors now have the opportunity to purchase stock in Frontier Wellness Management before it’s listed on a public exchange.

Prime Meridian Resources

PMR is a resource mining company operating in Minnesota and Michigan. They became publicly traded in April, 2019, and are building value through rapid development.