E Markets: Volatile And Mixed


*From London, our reporter, Martin Ferera suggests buying into the IPO this autumn of Covid-19 play AbCellera of Vancouver claiming they are very smart. However he sent me a Toronto Globe and Mail article I could not open as a non-subscriber.

*The big news today is that a blood test for Alzheimer's disease is within reach according to the New York Times online. It can find dementia risk 20 years before the degenerative disease causes memory loss and other problems. It turns out that Alzheimer's is a genetic disease. The test will be out in 2-3 years. The source for this was the JAMA Network Open at the Alzheimer's Association Virtual International Conference.

*Bausch Health Cos revealed that Glenview Capital Mgm owns 5.9% of its shares out. BHC.

*Danish Novo Nordisk NVO call volumes are directionally bullish.

*Astra Zeneca AZN paid Japanese Daiichi Sangyo to buy a cancer drug, up to $6 bn.

*Swiss Roche RHHBY did a $38 mn deal for producing Tamoxifin generics with US Immunic (IMUX) .

*Glaxo gained 1.37%. GSK

*Dr Reddy's, picked by Abhimanyu Sisodia, our India reporter, is up 1.64%. RDY.

Tech and Tel

*Ericsson ERIC of Sweden delivered its first US-build 5G base to my local phone company, Verizon. It also will deliver later this year to US Cellular. However its stock fell today by 1.2% because of the dollar in which these deals are priced in will be lower.

*Tel Aviv plans to create a securities-lending platform for block chain stocks.

*Qualcomm QCOM says its new Quick Charge 5 standard for Android phones the fastest and supports more than 100 Watts.

*After falling over India worries yesterday Vodafone is in the black today. VOD will list its cellphone masts business in Germany early next year. It is called Vantage Towers and VOD will keep a majority. The market moves are attempts to figure out how much the towers will be priced at which local tower companies will be included. For now it is Greece, its jv with Telecom Italia and possibly its half share of UK jv in Britain. VOD also won the Amdocs account in India.

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Vivian Lewis 2 months ago Author's comment

I suspect that like me you can remember the earlier inflationary years. so buy physical gold as a hedge. vivian

William K. 2 months ago Member's comment

Did like this article! And I certainly agree that the long term result of the fed's policies and actions will be inflation. That was obvious to me from the first announcements, why wasn't it obvious to the Feds? Or perhaps it is far more on their agenda to protect the interests of their "friends"? At the expense of great damage to others?

And one nasty question is what will happen when it is time to repay all of those trillions of debt?? I predict that the debt will interfere with economic growth.