Author: Chase Hillenbrand

Tesla Begins to Deliver Model 3 on ‘First-Come, First-Served’ Basis; Promotes Guillen to President of Automotive

Tesla Begins to Deliver Model 3 on ‘First-Come, First-Served’ Basis; Promotes Guillen to President of Automotive

Tesla (TSLA) will begin delivering Model 3 automobiles “immediately” on a “first come, first served” basis to reservation holders who have yet to place an order for a specific car. According to Electrek, these are mainly consumers waiting for the base $35,000 model with the standard battery pack. Tesla notified reservation holders through an email that “as a first day […]

Opiant Pharma, Consort Medical to Manufacture OPNT003 for Treatment of Opioid Overdose

Opiant Pharma, Consort Medical to Manufacture OPNT003 for Treatment of Opioid Overdose

Opiant Pharmaceuticals (OPNT), a specialty pharmaceutical company, and Consort Medical, a contract development and manufacturing organization, unveiled on Monday a development and manufacturing agreement for Opiant’s OPNT003 (intranasal nalmefene), a potent, long-acting opioid antagonist for the treatment of opioid overdose. Under the agreement, Aesica and Bespak, units of Consort, will work with Opiant to produce a pre-filled delivery nasal spray […]

Inovio Pharmaceuticals Doses First Patient in MERS Vaccine Trial

Inovio Pharmaceuticals Doses First Patient in MERS Vaccine Trial

Inovio Pharmaceuticals (INO), a developer of DNA immunotherapies, Wednesday reported dosing of the first subject with its vaccine to prevent the deadly Middle East Respiratory Syndrome, or MERS virus, in a phase 1/2a study. Inovio said the trial is ongoing in South Korea sponsored by its Korean development partner for its MERS vaccine, the publicly held GeneOne Life Science. The […]

US Treasury Prices Slightly Lower as Curve Flattening Resumes

US Treasury Prices Slightly Lower as Curve Flattening Resumes

US Treasury prices were slightly lower as curves resumed flattening after risk sentiment recovered somewhat as the Turkey panic subsided. This comes after US press secretary Sanders Monday said national security adviser Bolton met with Turkish ambassador Serdar Kilic at the White House. – Turkish Lira up about 4.4% with other EM currencies up as well (RUB, ZAR, MXN). – […]

Party City Plans Amazon Sales With Halloween Season as Earnings, Revenue Just Beat Views

Party City Plans Amazon Sales With Halloween Season as Earnings, Revenue Just Beat Views

Party City (PRTY) will start selling some of its products on e-commerce giant Amazon.com (AMZN), extending online sales from its own website while also reporting slightly better-than-expected results for the second quarter. The Elmsford, New York-based decorations company said it will start the pilot program before this year’s Halloween season and will “initially offer a curated product assortment focused largely […]

Paddy Power Betfair Lowers Full-Year Operating Earnings Outlook

Paddy Power Betfair Lowers Full-Year Operating Earnings Outlook

Paddy Power Betfair (PPB.L), the British gambling firm, early Wednesday cut its full-year operating earnings outlook because of a planned introduction of taxes in Australia and the need to absorb losses from its FanDuel acquisition, and as adjusted net income fell in the first half. Underlying earnings per share fell to 173.6 pence (224.8 cents) in the six months to […]

Glencore Trains Focus on Shareholder Returns After Operating Earnings Surge

Glencore Trains Focus on Shareholder Returns After Operating Earnings Surge

Glencore (GLEN.L), one of the biggest mining and commodities trading firms in the world, reported early Wednesday that adjusted operating earnings surged to a record in the first half, while noting that its near-term focus will be on deleveraging and shareholder returns/buybacks funded through cash generation. Group revenue climbed to $108.55 billion in the six months that ended June 30, […]