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Jun 17


Drug Deal…

On Monday, Pfizer announced it will acquire Array Biopharma for $10.64 billion in cash, giving the company access to FDA approved drugs for skin cancer. The offer of $48 per Array share represents a premium of about 62% to the stock’s close on Friday. Last year the U.S. Food and Drug Administration approved Array’s oral combination treatment for use in patients with the deadliest form of skin cancer. The company is also testing its triple combo therapy in colorectal cancer patients. Pfizer said it expects to complete the deal in the second half of 2019.

The Great Outage of 2019…

Target had a rough weekend. On Saturday, the retailer experienced a two-Hour long outage which affected all Target store. The culprit… an error made during regular maintenance. On Sunday, Target customers experienced another outage were customers were unable to process certain card payments at some stores for about 90 minutes because NCR Corp. , a vendor used by the company to help accept payments, experienced an issue at one of its data centers. The timing could not have worse for the retailer’s who was already experiencing high traffic due Father’s Day. The technical problems are a setback for Target, which has been investing heavily to remodel its stores and improve its technology as it battles Walmart Inc., Inc. and others for customers. In recent quarters, it has reported strong sales growth boosted by U.S. consumer spending.


Asia: Asian equities closed mixed on Monday as investors await a U.S. Federal Reserve meeting set to happen later in the week stateside.
Europe: European markets closed after U.S. chipmaker Broadcom warned of a broad slowdown in demand due to trade tensions and the U.S. ban on Chinese tech and mobile phone company Huawei Technologies
U.S: U.S. stocks closed lower in quiet trading Friday as tepid economic data and rising tensions in the Middle East added to concerns over growth and trade. DJIA:- 17.16 points 26089.61, S& P 500 -4.66 2886.98 Nasdaq: – 40.47 7796.66

Word of The Day:

Net Asset Value

The value per share of a mutual fund or exchange traded fund on a specific date or time.

Dinner or Drink:

Classic Manhattan

4 parts bourbon
1/2 parts Orange Liqueur
1/2 parts Cherry Schnapps
1 dash Bitters
Add ingredients to an ice-filled shaker. Shake and strain into a chilled martini glass


Jun 14


Where’s The Beef…

Tyson Foods announced it plans on rolling out nuggets made from peas, flaxseed, and other plants.
The new nuggets will compete with patties and sausages made by startups and large food companies vying for a slice of the fast-growing plant-based foods business. Tyson’s pivot to plants comes as upstarts Impossible Foods Inc. and Beyond Meat Inc. roll out a new generation of meat-free burgers, sausages and other products to consumers. This is the first entry into meat alternatives for Tyson, which produces 1 out of every 5 pounds of beef, chicken and pork processed in the U.S. each year. The nuggets will be sold under a new brand called “Raised & Rooted.” According to the company they expect meatless products could grow to $1 billion in sales annually. That would put Tyson’s meatless products on par with the company’s top brands like Jimmy Dean sausages and Hillshire Farm lunch meat.

Credit Limit…

Amazon unveiled a new secured credit card with Synchrony Bank, aimed at customers with bad or no credit history. The card – called the Amazon Prime Store Card Credit Builder – requires a refundable security deposit, no annual fee and offers Prime members 5% back on purchases. Consumer must make a deposit from $100 to $1,000, which will determine their credit limit. The card will also features installment and special financing options on certain purchases.

Asia: Shares in Asia Pacific and oil prices were mixed on Friday, following attacks on two tanker ships in the Gulf of Oman on Thursday.
Europe: European stocks closed higher on the back of higher oil prices.
U.S: U.S. equities closed higher on the back of strong gains in Disney and energy shares, building on this month’s sharp rally. DJIA: +101.94 26106.77 NASDAQ: +44.41 7837.13 S&P: +11.80 2891.64

Word Of The Day:

Commercial Paper

An unsecured, short-term debt instrument used by Corporations to finance accounts receivable, inventors, or meet short-term liabilities.

Dinner or Drink:

Summer Chill

45 ml vodka
15 ml banana syrup
5-10 ml lemon juice
60 ml orange juice
1 slice of banana

How to make:
1. Add 4 to 5 cubes of ice into a shaker.
2. Add all the above-mentioned ingredients.
3. Shake well at least for 10 sec.
4. Once all the ingredients mixed well, strain into a pre-chilled martini glass.
5. Garnish with banana slice and serve.


Jun 13


Rear Issue…

Ford is recalling over 1.3 million vehicles to fix rear suspension and transmission control software problems. The largest recall covers over 1.2 million Explorer SUVs from 2011 through 2017. According to the company a rear suspension toe link can break if the suspension moves a lot, which can limit steering control. No injuries or deaths have been reported. Dealers will replace the left and right toe links, which keep weight on the tires. The Explorer recall will cost Ford an estimated $180 million and will show up in the company’s second-quarter results.

I Want It Now…

Target is bringing its same-day delivery option to the masses as the ongoing and heated delivery war involving the big-box retailer, Walmart and Amazon continues. On Thursday, the company shoppers in 47 states across the country will now be able to get items from online orders delivered same day by paying a flat fee of $9.99 per order. To accomplish the task, Target leveraging Shipt, a membership-based, same-day delivery platform it acquired for $550 million in 2017. Currently, Target shoppers have been able to get orders delivered on the same day by being a Shipt member, which costs $99 per year. That option is still available for everyone however, the company is trying to make it easier for people to choose same-day delivery on an order-by-order basis, versus signing up for an annual membership. Target’s announcement comes amid a flood of activity to get orders to customers as quickly as possible. Both Walmart and Amazon recently announced next-day delivery options, with Walmart promising to reach roughly 75% of American consumers with faster shipping by the end of 2019.

Asia: Asian equities closed mixed on Thursday after a negative handoff from Wall Street.
Europe: European markets closed lower after the United States toughened its stance on trade with China and data from Beijing showed factory inflation slowed in May, deepening fears of a global economic slowdown.
U.S.: U.S. stocks closed lower on Wednesday as slumping oil prices, though language from the U.S to China, and protests in Hong Kong spooked investors. DJIA: -43.68 26004.83 NASDAQ: -29.85 7792.72 S&P: -5.88 2879.84

Word of The Day:

Treasury Bond (T-Bond)

A tradable fixed-interest U.S government debt security with a maturity of more than 10 years.

Dinner or Drink:
Mind Bender

1 oz. vodka
1/2 oz. amaretto almond liqueur
4 1/2 oz. Sprite® soda


Pour the vodka, amaretto and Sprite into an old-fashioned glass filled with ice, and stir. Add a straw, and serve.

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