E Investors Celebrate

Today I watched TV rather than rushing to write my blog, a bit to my own surprise. The big news is that the new administration plans to name an antitrust czar. It was nice to see that Jack is Back, meaning Jack Ma, the head of Alibaba, who had disappeared from view after Chinese regulators blocked its attempt to list its finance arm in Hong Kong. The BABA stock rose 8.5% when he appeared virtually at a Chinese charity celebrating village school teachers today. The buoyancy spread to Europe and the US as most investors celebrated the ignominious departure of The Donald.

Business newspaper article

image source

Given the exuberance, I will only comment on surprise rises Weds.

Drugs

*Pfizer's PFE good news is that its vaccine protects against virus mutations.

*BiolineRX of Israel rose because BLRX's bought deal was raised to $30 mn. It then fell 21.29%. Israeli Cellcom delisted from Q and will only trade now in Tel Aviv as CEL.

*Novacure, NVCR, rose another 2.23%. It is offering electrical cancer treatments worldwide, using its Channel Islands sub, conducting the virtual trial by delivering their machines to patients without charge while they make up the trials for different cancers.

*Compugen is the comeback kid as this Israel is back in the black. CGEN was displaced by the above.

*Astra Zeneca AZN rose because its breast cancer drug (developed with Daiichi Sangyo of Japan) got EU approval. Takeda, TAK, rose in sympathy by 1.1%. However, Eisai, ESALY, fell 1.5% on cancer research chief changes.

*Swiss firms Roche RHHBY and Novartis NVS both gained fractionally. The Swiss are used to drug price controls.

*Israel TEVA fell 3.9% on fears of a Biden crackdown on drug prices. I think this is overdone.

*UK Glaxo lost 2.5%. in its homeland but is only down 1.4% in the Biden country after its partner, German Merck KgA halted trials of its Bintrafusp in lung cancerGSK has other assets.

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William K. 1 month ago Member's comment

Thanks for the updates!

Vivian Lewis 1 month ago Author's comment

I love vivian's blogs because I write them. But I'll join the contest all the same

Susan Miller 1 month ago Member's comment

We love them too. But I'm glad to see you have a good sense of humor!