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The Capitalist Newsletter – May 19, 2017

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MICROSOFT SEEKS EDGE IN CLOUD MARKET; SET TO OPEN TWO DATA CENTERS IN AFRICA

While the world of cloud computing is a huge enterprise, Microsoft isn’t really in the conversation when people discuss the topic. Amazon AWS, IBM, Salesforce, and Google all seem to dominate Microsoft in that area. Except, they don’t. Microsoft actually owns an 11 percent marketshare in the world of Storage as a Service (SaaS). And that puts them ahead of everyone except Amazon, which owns a 31 percent market share. Microsoft announced that they are opening two mega data centers in Africa, which is a direct push for cloud market share. Will it be enough to catch up to Amazon?

Read The Capitalist’s Take Here

Read More at TechCrunch Here

Read More at Bloomberg Here


TRUMP ADMINISTRATION PULLS TRIGGER ON NAFTA RENEGOTIATION

The Trump administration has set into motion the process to renegotiate the North American Free Trade Agreement, following through on the president’s earlier promise. U.S. Trade Representative Robert Lighthizer formally notified congressional leaders in a letter Thursday that the president intends to launch negotiations with Canada and Mexico “as soon as practicable.”

“The United States seeks to support higher-paying jobs in the United States and to grow the U.S. economy by improving U.S. opportunities under NAFTA,” the letter reads. “In particular, we note that NAFTA was negotiated 25 years ago, and while our economy and businesses have changed over that period, NAFTA has not.”

Read More at NPR Here

Read More at NY Times Here

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Read More at CNN Here


EU SLAPS FACEBOOK WITH $122M FINE OVER DISCLOSURES IN WHATSAPP DEAL

Europe’s love affair with Facebook may be coming to an end. On Thursday, the European Union’s powerful antitrust chief fined the social network 110 million euros, or about $122 million, for giving misleading statements during the company’s $19 billion acquisition of the internet messaging service WhatsApp in 2014. The fine — one of the largest regulatory penalties against Facebook — comes days after Dutch and French privacy watchdogs ruled that the company had broken strict data protection rules.

Read More at NY Times Here

Read More at The Guardian Here

Read More at Quartz Here


Closing Bell

– Thursday, May 18th

Markets See Bounce UP as Crude Ticks Upwards

Big Insider Trades

– US Foods Holding Corp. (USFD) Director John Anthony Lederer Sells $17

– American Assets Trust, Inc. (AAT) CEO Ernest Rady Buys $1.3m

Winners & Losers

– GlycoMimetics, Inc. (GLYC) Doubles UP (98.70%) After Receiving Breakthrough Therapy Designation from FDA for AML Drug

– Stein Mart, Inc. (SMRT) Tumbles DOWN (33.53%) After Dismal Earnings Report Shows Significantly Softer than Expected Sales

Most Talked About

Diffusion Pharmaceuticals, Inc. (DFFN) Considered a Near Unanimous Strong Buy After the European Patent Register Posted a Notice to Grant a Patent to DFFN for Oral Formulations of Bipolar Trans Carotenoids

The TIP Sheets

– Thursday, May 18th

– GlycoMimetics, Inc. (GLYC) Skyrockets UP (98.70%) After Receiving Breakthrough Therapy Designation from FDA for AML Drug GMI-1271, Which Already Had Orphan Designation and is Now Fastracked. Expect Shares to Continue UP

Unusual Volume

Cisco Systems, Inc. (CSCO) Slides DOWN (7.21%) on 85m Shares Traded After Company Announces it Must Cut 1,100 More Jobs Following Disappointing Earnings Report with Large Revenue Miss. Expect Shares to Continue DOWN

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