- Focus - Beyond Meat vs Zhenmeat: The battle for China's meatless marketon 19/11/2019 at 2:26 am
BEIJING/SHANGHAI (Reuters) - U.S. plant-based "meat" makers targeting China like Impossible Foods and Beyond Meat Inc will need to battle homegrown rivals which are developing local favourites such as dumplings and mooncakes to nab a share of the lucrative market. China's meat substitute industry has seen a surge in interest in recent months, with startups, traditional food businesses and investors betting trend-loving Chinese consumers will take to plant-based protein like their U.S. counterparts. A devastating pig disease and bruising Sino-U.S. trade war that have combined to push up meat prices are also playing a role.
- Fears of bloodshed as Hong Kong university standoff enters third dayon 19/11/2019 at 2:21 am
Hong Kong's new police chief called for the support of all citizens to end social unrest that has disrupted the city for more than five months, while protesters remained trapped by his officers at a university for a third day on Tuesday. About 200 protesters were still inside the sealed-off Hong Kong Polytechnic University campus, raising fears of bloody clashes with no resolution in sight. China’s top legislature, commenting on a ruling that said a proposed ban on face masks worn by protesters was unlawful, said Hong Kong courts had no power to rule on the constitutionality of the city's legislation, according to state media outlet Xinhua.
- Boeing to give Southwest board 737 MAX update this weekon 18/11/2019 at 11:20 pm
Boeing Co this week will present to the board of its largest 737 MAX customer, Southwest Airlines Co, an overview of its plans to return the grounded jet to service, a spokesman for the airline said on Monday. The meeting on Wednesday and Thursday comes after Southwest Chief Executive Gary Kelly said last month that the airline could look next year at diversifying its fleet beyond Boeing 737 aircraft. Budget-friendly Southwest has structured its business model around flying only 737 aircraft for the past 50 years and bet its entire growth strategy on the 737 MAX, the latest iteration of Boeing's narrowbody workhorse.
- How Much Higher Can Amarin (AMRN) Stock Go Following FDA Approval?on 18/11/2019 at 10:27 pm
Amarin (AMRN) investors received a nice gift going into the weekend, after shares of the biopharma increased by almost 12% on Friday. The boost came on the heels of Thursday’s FDA AdCom vote in favor of extending the label on the company’s flagship drug, Vascepa, to include patients at risk of a heart attack and other major adverse cardiovascular events. The FDA is set to make a final decision on December 28, 2019.Vascepa is an FDA approved fish oil capsule used alongside a healthy diet to help lower fats (triglycerides) in the blood. The talk now turns to what level of risk the label should include. Although the panel was unanimous in its agreement on secondary prevention patients (patients already being treated for cardiovascular events), the panel was split on whether the label should include primary prevention patients (high risk patients yet to receive any treatment). The REDUCE-IT study on which the results were based wasn’t broad enough to adequately convince the panel that the label should include primary prevention for high risk patients.Nevertheless, Stifel analyst Derek Archila thinks the AdCom’s vote is a positive one, noting, “We believe approval in secondary prevention alone offers an addressable market that is at least ~10-15 million patients for Vascepa making us comfortable with our ~$3 billion in peak sales estimate… Our diligence with regulatory experts gets us comfortable in an FDA approval for a Vascepa label expansion to include reduction in CV risk based on the REDUCE-IT results in early 2020, which should effectively increase its addressable market size by a factor of 20.” The analyst continued, "We remain buyers here as we see upside to to the mid-$20 range based on the positive panel and think if the FDA grants a label inclusive of primary prevention."To this end, Archila reiterated his buy rating on AMRN stock along with a price target of $26.00, which implies about 15% upside from current levels. (To watch Archila’s track record, click here)4-star H.C. Wainwright analyst Andrew Fein further enhances the bull case, saying, "Based on: (1) the unanimously positive AdCom; and (2) revisiting our projections informed from our encouraging physician survey on market demand for an expanded label, our projected penetrations led us to the same $51 price target based on a more substantiated patient number, and did not differ significantly from our previous estimates. Based on these conclusions, our price target remains unchanged and we believe that with the momentum of the positive AdCom, anticipated expanded label approval could move the stock towards our $51 price target, in our view."If everything goes as Fein planned, AMRN stock could rise by a whopping 112% over the next 12 months. (To watch Fein's track record, click here)With a background like that, it’s no wonder that AMRN has attracted rave reviews from Wall Street analysts. The stock's consensus rating is Strong Buy, with 7 analysts giving it the thumbs up in the last three months, while only 2 remain sidelined. Shares sell for $22.60, and the average price target is $29.56; this indicates a potential upside of 30%. (See Amarin stock analysis on TipRanks)
- A Massive Floating LNG Stockpile Has Just Been Unloadedon 18/11/2019 at 10:17 pm
LNG vessels that have not discharged their cargo 30 or more days after loading are generally viewed as "effective floating storage." S&P Global Platts data shows that natural-gas volumes exported from the U.S. meeting this definition hit a peak of 1.54 billion cubic meters (54.5 billion cubic feet) aboard 15 vessels as of Oct. 28. This was more than four times the effective floating storage involving U.S. cargoes seen at this time in prior years. Overall, about 60% of the stranded volume came from the U.S., with Qatar being the second-largest source.
- Edited Transcript of MANU earnings conference call or presentation 18-Nov-19 1:00pm GMTon 18/11/2019 at 9:55 pm
Q1 2020 Manchester United PLC Earnings Call
- Wall Street firms release their 2020 S&P 500 targetson 18/11/2019 at 9:42 pm
Big Wall Street banks are unveiling their market outlooks for the year ahead, and Yahoo Finance's Emily McCormick joins The Final Round to break down all the details.
- Ford reveals new electric SUV, Mustang Mach-Eon 18/11/2019 at 9:32 pm
Ford's latest foray into the electric vehicle space is with the Mustang Mach-E. The all electric SUV is available for preorder, and putting Ford in competition with Tesla. Yahoo Finance's Rick Newman discusses Elon Musk's influence on Ford's newest vehicle.
- How Trader Sentiment On Streaming Stocks Has Changed Since Disney+ Launchon 18/11/2019 at 9:05 pm
Tuesday marks one week since Walt Disney Co (NYSE: DIS) launched its Disney+ streaming service, and so far the market has declared it a tremendous success. In the past week, Disney shares are up 8.5%, while top competitor Netflix, Inc. (NASDAQ: NFLX) is up just 3.1%. The Disney+ launch came with its own set of bumps in the road, which Disney blamed on the much bigger-than-expected initial demand for the service.
- With stores burned and looted, Walmart seeks police protection in riot-hit Chileon 18/11/2019 at 8:53 pm
Walmart has sought court orders for police protection in protest-wracked Chile after more than 120 of its supermarkets were looted or burned. The Chilean subsidiary of the U.S.-headquartered retailer lodged orders with courts in six Chilean cities, saying the attacks on its stores had put its staff's safety and jobs at risk, "gravely" affected its ability to operate in the country and caused it "enormous economic damage". "The state of Chile has failed to fulfill its duty to guarantee public order and internal public security," it said in court documents submitted on Wednesday and made public on Monday.
- HP is open to exploring bid from Xerox: RTRon 18/11/2019 at 8:19 pm
After HP declined Xerox’s $22 a share takeover offer, the software company responded saying the offer was too low and would not be in the best interest of share-holders. Yahoo Finance’s Alexis Christoforous and Dan Howley break down the latest developments on The Ticker.
- BofA Upgrades WestRock After Containerboard Conference, London Pulp Weekon 18/11/2019 at 8:17 pm
Two industry events held last week, namely the London Pulp Week and the RISI International Containerboard Conference, highlighted that macro and sector trends were stable to improving, Staphos said in the upgrade note. While containerboard demand trends in North America seem to be improving, the risks faced by this section and by WestRock are not new to investors, the analyst said.
- UPDATE 1-Canadian ministers meet with CN Rail, union in effort to avert strikeon 18/11/2019 at 7:42 pm
MONTREAL/WINNIPEG, Nov 18 (Reuters) - Canada's Liberal government sent two ministers on Monday to meet with representatives of Canadian National Railway Ltd and its largest union, as already hard-hit shippers pleaded for government intervention to avert a strike planned for early on Tuesday. The threatened strike by 3,000 workers with Teamsters Canada comes after CN, the country's largest railroad operator, said on Friday it would cut management and union jobs, as it grapples with softer economic conditions. Labor Minister Patty Hajdu and Transportation Minister Marc Garneau were to meet with representatives from CN and the union in Montreal, Hajdu's press secretary Veronique Simard said, following a stalemate in contract talks.
- Analysis: Popeyes Chicken Sandwich Translates To Surge In Foot Trafficon 18/11/2019 at 7:35 pm
Popeyes' re-launched chicken sandwich on Nov. 3 resulted in a 286% surge in foot traffic above a baseline for the period from Jan. 1, 2017 to Nov. 8, 2019, Placer.ai said in a Monday blog post. Popeyes is taking advantage of a new round of excitement and buzz that is greater than what it saw in the summer months when it first introduced a new chicken sandwich.
- Federal Prohibition Of Cannabis (Not Vitamin E Acetate) Is The Real Cause Of The Vaping Crisison 18/11/2019 at 7:30 pm
Fortunately, this past Friday, thanks to the combined expertise and investigation of some of the best U.S. health officials and institutions, a likely definitive source was identified. The Centers for Disease Control and Prevention (CDC) released findings that Vitamin E acetate, often used as a thickening agent in illicitly manufactured THC vaporization cartridges, is the likely culprit. Despite this development, it is a mistake to interpret this news as closing the chapter of another troubling public health epidemic.
- Trump backs down from flavor ban on e-cigarettes: NYTon 18/11/2019 at 7:22 pm
The New York Times is reporting that President Trump could be changing his stance on banning flavored e-cigarettes, as his advisors stress that an outright ban could impact vape shops and local business owners in key battle ground states. Tracy Finken, Partner at Anapol Weiss Law Firm, joins Yahoo Finance's Zack Guzman and Brian Cheung, along with Retail Expert Erin Sykes, to discuss.
- CDC expert: 'Antibiotic resistance is worse than we previously thought'on 18/11/2019 at 6:27 pm
A superbug, otherwise known as an antibiotic-resistant infection, can be potentially lethal.
- Report: Apple's Fortunes In China Turn Around After iPhone 11 Launchon 18/11/2019 at 5:30 pm
The recent record run in Apple Inc. (NASDAQ: AAPL) shares is not without reason. The technology giant is getting its mojo back following the launch of the latest iteration of its flagship product, the iPhone. Investors were particularly anxious about the uptake, especially as the company's tenth anniversary iPhone, launched in 2018, was widely seen as a failure.
- Kylie Jenner Just Got Even Richeron 18/11/2019 at 4:50 pm
Kylie Jenner just got a whole lot richer. The beauty mogul just sold a 51% stake in her company, Kylie Cosmetics, to beauty conglomerate Coty for $600 million, which gives the company a new valuation of $1.2 billion. Casual. Kylie Jenner has only been of legal drinking age for a full year, and yet she is officially the world’s youngest self-made billionaire, according to Forbes. Say what you will about this “self-made” designation (if the platform she started with wasn’t an advantage, I don’t know what is) or about the Kardashian-Jenners in general, but it’s hard to argue that Kylie Jenner isn’t business savvy. The youngest KarJenner took a $29 lip kit — now a beauty-cabinet staple, be it from Kylie Cosmetics or a copycat company — and turned it into a billion-dollar empire.Last year, Kylie Cosmetics’s revenue totaled $360 million. Forbes estimates that the company’s total value is at least $900 million, and, before the sale to Coty, Kylie owned all of it. This, plus the cash she has taken from the business, adds up to a personal fortune of $1 billion.The key to the company’s profitability? Its low overhead. Kylie Cosmetics outsources its manufacturing, packaging, shipping, and fulfillment, and only employs seven full-time and five part-time employees. Until recently, Kylie Cosmetics was sold online only (with the exception of a few pop-up shops) but is now carried in Ulta Beauty stores — an expansion that contributed in large part to the company’s revenue growth of 9% from 2017 to 2018.But before she became a Forbes cover-grazing beauty entrepreneur so famous for her signature lips that she inspired a dangerous KylieJennerLipChallenge, we first met Kylie on season one of Keeping Up with the Kardashians, when she was just ten years old. Since then, the show’s popularity has continued to skyrocket. In 2015, the family signed an $80 million deal with E! for three years of filming, through season 14. And in 2017, they reportedly signed a renewal deal for under $100 million, through 2020. According to momager Kris Jenner (who gets a 10% cut of all her daughters’ business deals), the family splits the money equally. While Kylie isn’t on the show nearly as much as her older sisters, she has long been a subject of fascination in her own right — enough that E! gave her her own spin-off series in 2017 called Life of Kylie.But KUWTK is hardly her largest source of income — or even her second largest. It’s no secret that Kylie is well-acquainted with sponcon. Last year, she topped Hopper’s Instagram Rich List — eclipsing Selena Gomez, Beyoncé, and even her sister Kim K — because she reportedly makes up to $1 million on a single Instagram post. Let that sink in. With 128 million followers, her Instagram influence is undeniable. (Recently, a campaign swept the internet to score more likes for an egg than Kylie’s record on Instagram. It did — thus dethroning Stormi for the title of most-liked Instagram photo.)Kylie also has a clothing line with her sister, creatively named Kendall + Kylie. She has collaborated with OPI, Steve Madden, Puma, and more, as well as launched her own content website, app, and merch store called The Kylie Shop. Seemingly all on brand for the reality star and contentcreator — with the only exception being that she wrote (read: probably did not write) two sci-fi novels with Kendall. Riddle me that one, Kris.Related Content:Like what you see? How about some more R29 goodness, right here?Kylie Jenner Is A Billionaire, According To ForbesKylie Jenner's Net Worth Is Tied To InstagramKylie Jenner Is Now A Billionaire
- UPDATE 1-Jumia suspends its e-commerce business in Cameroonon 18/11/2019 at 4:49 pm
Online retailer Jumia Technologies , often called "the Amazon of Africa", said it had suspended its e-commerce platform activities in Cameroon on Monday because it was not suitable for the country. "Based on our review, we came to the conclusion that our transactional portal as it is run today is not suitable to the current context in Cameroon," the company said in a statement, adding that its e-commerce operations there had been suspended. Founded in 2012 by two French former McKinsey consultants, Jumia has grown quickly to become Africa’s leading e-commerce firm, operating in more than a dozen countries across Africa.