Connect with us

Newsletters

The Capitalist Newsletter – June 28, 2017

Published

on

EUROPEAN COMMISSION HITS GOOGLE WITH RECORD $2.7 BILLION FINE OVER ANTITRUST REGS; ISSUES WARNINGS FOR FUTURE

Google is one of the most recognized and successful companies in the world. While regarded as a search engine, Google does SO much more than that — including retail sales. And while Google has come under fire in the past for questionable practices, the latest action by the European Commission has stated a clear message: Google has officially crossed the line into antitrust territory. The European Commission levied a record $2.7 billion fine against Google for illegal competitive advantages. And while that fine may be enormous, there are bigger issues for Google to worry about.

Read The Capitalist’s Take Here

Read More at Business Insider Here

Read More at BBC Here


SENATE GOP DELAYS OBAMACARE REPEAL VOTE DUE TO LACK OF SUPPORT

Senate Republicans on Tuesday delayed their plans to vote on repealing Obamacare this week amid strong resistance from moderate and conservative Republicans to even starting debate on the GOP bill.

Republicans plan to rewrite their health bill over the Fourth of July recess and get a new analysis from the Congressional Budget Office before bringing legislation to the floor, according to senators and aides. GOP senators said their goal is to have an agreement by Friday and vote as soon as they come back from the break.

Read More at Politico Here

Read More at NY Times Here

Raven_Steel_Ad-V1
Raven_Steel_Ad-05

Read More at CNN Here


HACKERS LAUNCH NEW RANSOMWARE ATTACK ACROSS THE GLOBE

Hackers launched blistering ransomware attacks Tuesday against companies and agencies across the world, particularly targeting Ukranian businesses.

Major global firms reported that they had been targeted, including British advertising agency WPP (WPPGY), Russian oil and gas giant Rosneft and Danish shipping firm Maersk.

“IT systems in several WPP companies have been affected by a suspected cyber attack,” WPP said on its Twitter account.

Maersk issued a similar statement, saying its tech systems “are down across multiple sites and business units due to a cyberattack.”

Read More at CNN Here

Read More at BBC Here

Read More at NY Times Here


Closing Bell

– Tuesday, June 27th

Markets Drop DOWN as Senate Delays Healthcare Vote

Big Insider Trades

– Accenture plc (ACN) CEO Pierre Nanterme Sells $5m

– EQT Corp. (EQT) Cary Bray Jr. Buys $1.5m

Winners & Losers

– Chicago Bridge and Iron Company N.V. (CBI) Soars UP (39.03%) After Company Has $2 Billion Lawsuit Against it Thrown Out by Delaware Supreme Court

– Alder Biopharmaceuticals, Inc. (ALDR) Sinks DOWN (27.94%) After Mixed Results for Phase 3 Drug Trials for Migraine Drug

Most Talked About

OraSure Technologies, Inc. (OSUR) Considered a Unanimous Strong Buy After Striking a Deal with the Gates Foundation to Support its HIV test in 50 Countries

The TIP Sheets

– Tuesday, June 27th

– OraSure Technologies, Inc. (OSUR) Rises UP (10.05%) After Striking a Deal with the Gates Foundation to Support the Affordable Sales of its OraQuick HIV Self-test in 50 Developing Countries. Expect Shares to Continue UP

Unusual Volume

Chicago Bridge and Iron Company N.V. (CBI) Soars UP (39.03%) on 46m Shares Traded After Company Has $2 Billion Lawsuit Against it Thrown Out by Delaware Supreme Court. Expect Shares to Continue UP

Click to comment

Leave a Reply

Your email address will not be published.

Continue Reading

Subscribe To Our Newsletter:



Copyright © 2020 The Capitalist. his copyrighted material may not be republished without express permission. The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this page and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. This website contains advertisements.

[email]
[email]