Well-Balanced: Akero Therapeutics (AKRO) Reports Encouraging NASH Trial Data

Akero Therapeutics Inc.’s (AKRO) phase IIa study of its investigational drug AKR-001 in patients with biopsy-confirmed nonalcoholic steatohepatitis, or NASH, has met the primary endpoint. In the study, dubbed BALANCED, all AKR-001 dose groups, say 28mg, 50 mg, and 70 mg, met the primary endpoint, with statistically significant absolute reductions in liver fat of 12-14% at Week 12. Similarly, all […]

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A Lot Is Riding on Stock Bottom Calls That Worked in a Bull Market

Reversals in positioning that may show sellers are exhausted. Extreme readings in market breadth, pointing to washouts in investor sentiment. Rallies in stocks targeted by shorts. In trying to pick the bottom in equities, Wall Street has little choice but to rely on signals that worked in the past. It’s a risky kind of logic when confronting a threat that […]

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‘Nationalise all private banks!’

‘One by one we are seeing these private banks taking people’s money and mismanaging it.’‘In the last 30 years, 30 private banks have collapsed.’‘Nationalise all banks so that people’s money is safe.’ Will the clamour for privatising public sector banks stop now that Yes Bank, a private bank run by ‘professionals’, faced setbacks due to reported mismanagement? Was it a […]

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WHO Sees Europe Stabilizing; Deaths Top 37,000: Virus Update

Europe is expected to start stabilizing soon, the World Health Organization said, as Italy saw the slowest rate of new cases in almost two weeks. New York also said new infections are slowing, even as it reported a 26% increase in deaths. President Donald Trump said a national stay-at-home order is “pretty unlikely,” and said the U.S. might expand the […]

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AirBnB paying out $250M to hosts burned by coronavirus cancellations

Will coronavirus hit again in the fall? President Trump and Dr. Anthony Fauci say the United States will be prepared should the coronavirus reappear in the future. (Reuters) – Airbnb said on Monday it was allocating $250 million to help offset losses by hosts around the world whose guests have canceled bookings in the face of the coronavirus pandemic, following […]

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How COVID-19 has impacted private equity firms

Investors say they see large companies going through the grind, as their promoters struggle with liquidity because they are levered up at the holding company level and are starting to get margin calls thanks to the crashes in the stock market, and in the next six months, the targets that will come up for PE companies will make for a […]

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Amgen Stock Looks to Break Out After Analyst Upgrade

Amgen Inc. (AMGN) shares rose more than 3% during Monday's session after Raymond James upgraded the stock to Outperform with a $255 price target and amid a wider rally across the stock market. Analyst Dane Leone believes that disruptions for Amgen due to the COVID-19 pandemic will be limited relative to its peers and cited the company's already conservative guidance […]

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