E COVID-19 Relief Bill Passed

*Japanese Sumitomo (SMFG) gained 1.9% while Mitsubishi (MSBHF) only gained 0.3%.


Pharmaceuticals

*British Astra-Zeneca said its COVID-19 vaccine “is believed to be effective against the new variant” which is responsible for new cases in the UK. It is expected to be given approval for use before 2021. AZN and its partner Merck got Japanese approvals for their Lympara cancer drug against gene-mutated ovarian, prostate, and pancreatic cancers after chemotherapy. AZN is up 2.62% so far today.

*While I think Beigene is structured to avoid the Xi Jinping crackdown on Chinese corporate independence, the market still cut BGNE's stock 3.6%. It just got China's approval for reimbursement for 3 oncology drugs, two developed in house and one with Amgen. China is cracking down on independent thought has to give its population cancer treatments for Hodgkins and other lymphomas, giant bone tumors, and lung cancer, all from BGNE.

*Israeli Compugen CGEN rose 5% today to $13.78.

*Eisai ESALY of Japan gained 1.1% and is back over $70 today.

*Canada's Aurinia Pharma AUPH fell over its vaclosporin (lupus) deal with Otsuka Pharma of Japan

*Zymeworks ZYME lost 0.85% today


Tech and Tel

*Thailand's baht fell with rice exports down this year. Its mobile phone business, dtac, a sub of Norwegian Telenor signed up Finnish Nokia to provide low-band 26gigaHertz and other networks for 4G and 5Gby 2022. The NOK Thai tie builds on its patented radio-band and management systems. *Over the weekend seeinglapha.com published two stories on Tomra Systems, the Norwegian maker of reverse vending machines and sorting systems for food, trash, and metals calling for a sell or buy. We've owned TMRAY for 5 years and while its restaurant business, where sorting food orders often dysty is in the dumps now, its other lines should gain. The negative write-up notes that CEO Stefan Randstrand is retiring and CFO Espen Gunderson sold 40% of his shares. Neither of those is surprising as the CEO had served 11 years and the CFO sold shares worth under $25,000. The anonymous writer, who claims he is long-only, failed to stop TMRAY, the ADR gaining 9.78% today, back near its year's high of $49.60. He or she also claimed that the Japanese bring their garbage to a public sorting center to recycle what is of use, which will hurt Tomra. I cannot imagine anyone in NYC schlepping their trash to a smelly center but we do separate out plastics, metal, and paper already.

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Flat Broke 1 month ago Member's comment

Thank God. I can't believe #Trump decided to initially go play golf rather than sign this bill and leave us all in limbo. The anxiety he put millions of Americans through is unconscionable. This man is not fit to serve.