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Updated: 1 hour 1 min ago

Papa John's founder John Schnatter's wife files for divorce

2 hours 9 min ago

M. Annette Cox, the estranged wife of Papa John's founder John Schnatter, says their marriage is broken. Indications are they reached financial terms.

UPDATE 1-FDA probes diabetes drug metformin for carcinogen NDMA

5 hours 33 min ago

The U.S. Food and Drug Administration is investigating whether the diabetes drug metformin had unsafe levels of a cancer-causing chemical and will recommend recalls as appropriate, the agency said on Thursday. The move is part of the agency's broader push to investigate a range of drugs for the presence of the carcinogen, known as N-nitrosodimethylamine (NDMA), with popular heartburn medication Zantac being recalled this year for fear it contained NDMA. Metformin is a first-line medication for the treatment of type 2 diabetes.

Edited Transcript of CM.TO earnings conference call or presentation 5-Dec-19 1:00pm GMT

8 hours 28 min ago

Q4 2019 Canadian Imperial Bank of Commerce Earnings Call

How Nintendo Switch Black Friday Week Sales Compared In 2019

8 hours 34 min ago

Nintendo Ltd/ADR (OTC: NTDOY) had its best ever sales week for its Switch game consoles in the United States, selling 830,000 of them during the period that included Black Friday. The figures, according to a company statement, included the traditional Nintendo Switch, and the newer, cheaper Nintendo Switch Lite. Nintendo Switch was an immediate hit when it launched in the spring of 2017.

New York doctor convicted of taking kickbacks from opioid maker Insys

8 hours 46 min ago

A New York doctor was convicted on Thursday of accepting thousands of dollars in bribes and kickbacks from Insys Therapeutics Inc in exchange for prescribing his patients an addictive fentanyl spray the drug manufacturer produced. Gordon Freedman was the fourth medical practitioner to face trial on charges stemming from what prosecutors say was a wide-ranging bribery scheme orchestrated by the now-bankrupt drugmaker that helped fuel the U.S. opioid epidemic. Prosecutors allege that Chandler, Arizona-based Insys bribed doctors by retaining them to act as speakers at sham events ostensibly meant to educate clinicians about its fentanyl spray, Subsys.

Natural Gas Price Prediction – Prices Consolidate Forming Bear Flag

9 hours 2 min ago

Inventories declined less than expected

Hedge Funds Are Warming Up To Varian Medical Systems, Inc. (VAR)

9 hours 9 min ago

Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of June. At Insider Monkey, we follow nearly 750 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are […]

Apple will launch a ‘completely wireless’ iPhone

9 hours 32 min ago

Analysts at TF Securities is predicting that Apple will get rid of the charging plug on its highest-end phones by 2021. The device will create a “completely wireless experience” and will be the main differentiation between the highest-end and the high-end models in 2021.

Do Hedge Funds Love Nuance Communications Inc. (NUAN)?

9 hours 35 min ago

Hedge funds are known to underperform the bull markets but that's not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […]

IRS releases new Form W-4: What to know to avoid a refund surprise in 2020

9 hours 49 min ago

The changes are meant to simplify the experience for workers.

UPDATE 1-Televisa wins injunction over Disney purchase of Fox assets in Mexico

9 hours 50 min ago

Mexican broadcaster Grupo Televisa has won a federal injunction against Walt Disney Co's acquisition of Twenty-First Century Fox Inc's assets in Mexico, a Televisa representative said on Thursday, a move that could at least temporarily stall the deal. "We are very pleased that the federal judiciary has ordered a full review of the merger in light of the arguments we presented almost a year ago," Televisa said in a statement to Reuters. Disney closed its $71 billion purchase of Fox's film and television assets in March, marking one of the largest media deals in recent history after Disney won a bidding war last year against cable company Comcast Corp.

Uranium Miners Rise as Trump Panel Urges U.S. Buy Domestic

10 hours 9 sec ago

(Bloomberg) -- A White House task force’s recommendation that President Donald Trump direct the federal government to buy more uranium from domestic producers sent shares of U.S. mining companies higher Thursday.The purchase of uranium by the U.S. Defense Department is among the recommendations being made by the U.S. Nuclear Fuel Working Group, comprised of cabinet level and other high-ranking officials, according to two people familiar with the matter who requested anonymity to discuss non-public deliberations.Energy Fuels Inc. surged 18% while Ur-Energy Inc. rose as much as 16% for the biggest increase for each company in two years. Hecla Mining Co. rose as much as 8%. The companies were the biggest gainers on the Russell 2000 Materials & Processing Index.Revival SoughtThe task force was established to study ways to revive the U.S. uranium mining industry.One of the people said the Energy Department, home of the National Nuclear Security Administration, which maintains the nation’s nuclear stockpile, would be involved in the effort as well, which could include the creation of a new national uranium stockpile.It remains to be seen what options Trump, who’s yet to be briefed on the non-public report, might choose to execute, if any -- though he’s been sympathetic to both the mining and nuclear power industries.The White House and the National Security Council declined to comment.Any government intervention could be a windfall for the handful of domestic uranium miners, including Energy Fuels and Ur-Energy, which earlier petitioned the White House to put a 25% domestic market quota on foreign imports of uranium, citing national security concerns. The White House rejected that request in July and instead Trump formed the working group comprised of six cabinet secretaries and several top White House officials to analyze other options.Among the options working group staff considered was a request by the nuclear industry to use the 1950 Defense Production Act, requiring the government to buy American uranium to replenish its stockpiles and for other purposes. ‘Security Stockpile’Domestic uranium miners have asked the government to ensure production of as much as 10 million pounds per year through measures such as the creation of a new “Federal Uranium Security Stockpile.”About 90% of the country’s uranium -- used to power nuclear reactors and submarines as well as to make nuclear weapons -- is imported from countries including Canada, Kazakhstan, Australia and Russia, according to Energy Department data.“It’s clear that the U.S. nuclear industrial base has diminished to the point that the government must act to preserve it,” Energy Fuels President Mark Chalmers said in a statement. “The American nuclear fuel cycle needs the president’s immediate support or we risk the loss of this critical capacity, its miners and workers.” (Updates with company president’s statement in final paragraph.)\--With assistance from Susan Decker.To contact the reporter on this story: Ari Natter in Washington at anatter5@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at, Elizabeth Wasserman, Ros KrasnyFor more articles like this, please visit us at©2019 Bloomberg L.P.

First, Burger King. Now Fancy Tasting Menus Are Ditching Meat

10 hours 3 min ago

(Bloomberg) -- From Burger King’s Impossible whoppers to Dunkin’ Beyond Meat sausage breakfast sandwiches, fast food may drive the conversation when it comes to a meatless future. But a quieter revolution is happening at the highest ends of the restaurant world: The number of courses that highlight beef, pork, lamb, and poultry are dwindling at places where a $200 tasting menu is a bargain.The reasons vary from political to personal. New York’s recent foie gras ban, and a similar one upheld by the Supreme Court of California, are leading to the disappearance of the luxurious goose and duck liver—a fine dining fixture and lightning rod for animal welfare advocates—from cities with a high concentration of tasting menus. Also, chefs are eating more healthfully and thoughtfully and don’t want their customers to be crushed with heavy proteins at the end of a meal. (Seafood, perceived to be less environmentally damaging than cows and pigs, is still in play for most elite chefs.)The American public’s inexorable move away from traditional meat and dairy is happening at all ends of the dining spectrum. In a 2018 survey by Johns Hopkins Center for a Livable Future, two-thirds of Americans report cutting back on meat. From April 2017 to July 2019, plant-based food sales grew approximately 31%, to $4.5 billion. They’re projected to increase to $6.5 billion by 2023. In 2018, 51% of chefs in the U.S. said they’d added vegan items to their menus.Consider this movement the “trickle-up” effect. At fine dining restaurants, where meats such as imported Japanese beef and game like antelope and boar were invariably the drum-rolled entree, diners might now find well-dressed mushrooms and roots. New values are changing what’s considered a luxury when it comes to dining. Enter the Michelin Star ChefsIn November, Dominique Crenn announced that her three Bay Area restaurants would be meat-free, as would her upcoming cafe Boutique Crenn. The chef, who describes herself as “not a vegetarian, but a climate change activist,” isn’t a fake meat fan. Instead, at her three-star Atelier Crenn she offers such plates as sole with oyster bearnaise in tasting menus that start at $345 per person. The more laid-back Petit Crenn features the French sausage boudin, made not with pork but with squid ink to give the dish a dark, briny taste.“People are shifting. The biggest dairy company [Dean Foods Co.] just filed for bankruptcy. Ten years ago, people wouldn’t have heard me. Now no one even asks for meat,” she says.Seafood has also become the focus of William Bradley’s 10-course, $270 tasting menu at the Addison in San Diego. The chef saw an opportunity to make the menu reflect his own healthier, more environmentally thoughtful eating habits when his restaurant was awarded a Michelin star in June. He replaced an entree of côte de boeuf and braised short ribs with a caramelized cod dressed with miso, bonito butter, and a caviar garnish. “Multicourse tasting menus can have 2,500 calories that you consume in three hours,” Bradley says. “I wanted to lighten that up.”The chef’s seasonal menu currently includes a barbecued pigeon course—and the option of a wagyu beef—but neither is the dish his audience is most excited about. “People freak out more about the wild cod than they do about anything else,” he says. Classics Go VegetarianAt Maude, in Beverly Hills, executive chef Chris Flint reimagines classics like Australian meat pies through a vegetarian lens with the offerings on his menu, which changes quarterly.“This trend [toward vegetarianism] has developed among a broader audience due to increased awareness about the environmental impact of commodity proteins,” he says. Although he includes one or two meat courses, Flint leans into produce, crafting terrines from carrots and tossing pasta with a ragu made from fermented vegetables rather than beef.Jean-Georges Vongerichten was a plant-based food advocate long before he opened the destination vegan spot ABCV in downtown New York in 2016. In mid-July he added a vegetarian menu at his eponymous restaurant, responding to demand from customers.“Ten courses of protein, it’s a lot,” he says. Vongerichten makes elegant kebabs of oven-dried fruit and Brussels sprouts, and caramelizes mushrooms with honey and coconut butter. In January he’ll add juice pairings, such as celery with green peppercorn, that amplify the menu’s vegetable forwardness; kombucha will also be available. Since he introduced the meatless option, Vongerichten has seen demand for his vegetable tasting menu increase from 15% to about 35% at dinner; at lunch, 40%-45% of diners order the non-meat menu. Pork Place Embraces VegMeat is also in retreat at places where it was foundational. At the Publican, a renowned gastropub in Chicago with pictures of pigs hung around the dining room, pork was the perennial star—but no longer.“When we opened the Publican, it was all about pork, beer, and oysters. But over the course of the last decade, we cut back on meat,” says co-owner Paul Kahan. At brunch, the meat-free Greens and Grains has become a surprise bestseller.“The trend for us seems to be that people still want to eat meat, but they want more vegetable options to balance out their meal,” adds Kim Leali, the group’s culinary operations director. No Meat Is a MissStill, not all elite restaurants turned their back on meat. Laurent Gras, chef at the elite Saison in San Francisco, has cut back on land-based protein since taking over the kitchen in 2018, replacing quail with a Santa Barbara spot prawn. But he still serves a venison course on the $298 tasting menu; he has no plans to go meat-free like Crenn has.“Not to have meat on a long menu is a miss. It’s a limitation of the whole experience,” he says. Gras’s audience backs that up. He says about 50% of his guests order the $60 wagyu supplement.To contact the author of this story: Kate Krader in New York at kkrader@bloomberg.netTo contact the editor responsible for this story: Justin Ocean at jocean1@bloomberg.netFor more articles like this, please visit us at©2019 Bloomberg L.P.

Hedge Funds Souring On Technologies, Inc. (AKAM)

10 hours 38 min ago

Does Akamai Technologies, Inc. (NASDAQ:AKAM) represent a good buying opportunity at the moment? Let’s quickly check the hedge fund interest towards the company. Hedge fund firms constantly search out bright intellectuals and highly-experienced employees and throw away millions of dollars on satellite photos and other research activities, so it is no wonder why they tend […]

Commentary: In US Vs. The World, Trade Flow Tells The Real Truth

10 hours 44 min ago

In recent days, global trade tensions have escalated after a series of trade threats and tariffs raised by the Trump administration. Based on the tankers, cargo and containers floating on the waterway superhighways, countries like China and those of the European Union have found alternatives to the United States. The map of the trade war launched by the U.S. is vast.

Edited Transcript of SMDS.L earnings conference call or presentation 5-Dec-19 9:00am GMT

10 hours 46 min ago

Half Year 2020 DS Smith PLC Earnings Call

Methode Electronics, Inc. (NYSE:MEI) Vies For A Place In Your Dividend Portfolio: Here's Why

10 hours 52 min ago

Dividend paying stocks like Methode Electronics, Inc. (NYSE:MEI) tend to be popular with investors, and for good...

United’s Scott Kirby Finally Gets a CEO Job: Now What?

10 hours 53 min ago

Over two decades at four airlines, more than a few junior or mid-level employees have feared briefing Scott Kirby. The problem has never been that he was uninformed, or would need extra explanation. The issue is Kirby often seemed to know more about whatever issue they were presenting than they did. If they had holes […]