Via Free Beacon:
The United States will give Iran access to another $2.8 billion over the next several months and appears to have conceded to Iran’s demand that it be permitted to domestically enrich uranium, the key component in a nuclear weapon, according to senior Obama administration officials.
In exchange for agreeing over the weekend to extend nuclear talks until late November, Iran will be given another $2.8 billion in unfrozen assets, the White House told reporters over the weekend, after President Barack Obama decided to extend the talks past their July 20 deadline.
The United States already returned to Iran $4.2 billion in unfrozen oil assetsduring the past six months of the interim nuclear deal and has now agreed to provide another $2.8 billion in exchange for an extension in the negotiations.
White House officials also appeared to admit that U.S. negotiators have told Tehran that they will allow it to preserve some of its domestic enrichment capabilities, something that Congress has opposed.
Another Obama Diplomatic Coup!
According to knowledgeable sources, it appears the P5+1 (United States, United Kingdom, France, Russia and China, plus Germany) and Iran have agreed to an extension of their November nuclear deal beyond its July 20 deadline for a final agreement to be reached. This should come as no surprise, as the two sides remain light-years apart in their negotiating positions, while a failure to extend talks would force the Obama administration and the rest of the "international community" to fish or cut bait. With numerous other parts of the world currently less than tranquil, and with a congenital aversion to military force, Barack Obama undoubtedly sees more talks as the best option. He's not alone -- the Iranians have successfully extended debate for 11 years and would love nothing better than to keep that streak going.
The crux of the matter is and always has been uranium enrichment. The P5+1 want Iran's capability cut back significantly; Iran not only dismisses cutbacks, it openly says it intends to expand enrichment. Iran insists it must be self-sufficient in producing reactor fuel, while the P5+1 point out that many other nations with civil nuclear programs do not produce their own fuel. Iran's desire for self-sufficiency is a common theme in its military, civil and scientific efforts, and originates with its experience in the Iran-Iraq War. Denied arms by virtually everyone while arch-enemy Iraq was supplie0d with numerous modern weapons, Iran's leaders swore "never again." Supreme Leader Ali Khamenei is himself an Iran-Iraq War veteran, and he has made his position crystal clear time and time again: "We will never give up our right to a nuclear program."
It's difficult to see how the two sides can bridge the enrichment gap. The hardliners remain firmly in control in Tehran and are unlikely to soften their position. The P5+1 cannot -- cannot -- give in and acknowledge Iran's right to unrestricted enrichment.
There's a movement in France to shut down all their nuclear power plants. Raising peoples fears is a way of gaining support.
France foiled an Islamist terrorist plot to target the Eiffel Tower, the Louvre and even a nuclear power plant, it emerged on Wednesday, as the country unveiled new, tougher anti-terror rules.
French police stumbled on the plans after decrypting coded messages between a 29-year-old Algerian butcher living in the Vaucluse, southern France, known only as Ali M, and one of the highest-ranking members in al-Qaeda in the Islamic Maghreb, or AQIM.
According to Le Parisien newspaper, in April last year, the married father of two who went by the pseudonym Abu Jaji was asked by his AQIM contact, whose web alias was Redouane18, to make “suggestions concerning how to conduct jihad in the place you are currently”.
Ali M suggested targeting nuclear power plants, “planes at the moment of take-off”, and a string of French landmarks, including the Eiffel Tower and the Louvre museum in Paris.
Failing that, he suggested launching terror attacks on “the modest and poor French population” in markets or nightclubs, as well as police patrols.
In an apparent reference to the famed Avignon theatre festival, he also singled out “cultural events that take place in the south of France in which thousands of Christians gather for a month”.
“The main walkways become black with people and a simple grenade can injure dozens of people, not to mention a booby trapped device,” he said.
His contact then asked him to travel with a fellow would-be terrorist to Algeria to “benefit from a military training and training in combat techniques”.
After that, he would return to France, stake out targets and “await your instructions”.
“I am fully ready and prepared,” he replied.
Although the plans were still at the discussion stage, French police arrested the Algerian in June last year, a month before he was due to fly to Tunisia and then onto Algeria for training.
The man’s lawyer said he had been brainwashed. “The arrest was a relief for him,” Daphné Pugliesi told Le Parisien.
RAD only up 4%. Cramer mentioned it on his show last night.
A lot of traders are taking profits before the holiday weekend. Volume should pick up Monday.
USEC has "only" traded ten times their normal volume.
Specialty drugmaker Jazz Pharmaceuticals (NASDAQ:JAZZ) was up 8% in afternoon trading on the stock market today, at a four-month high near 164, after it inked a deal for the American rights to its recently acquired drug defibrotide.
Defibrotide, which treats a rare condition called severe hepatic veno-occlusive disease, was developed by Italian biotech Gentium, which Jazz acquired in February. Gentium had licensed the marketing rights in the Americas to Sigma-Tau Pharmaceuticals, but on Wednesday Jazz acquired the rights for $75 million upfront plus up to $175 million in milestone payments if defibrotide is approved by the FDA.
"While the low valuation will likely come as a surprise to investors, it is important to remember that Jazz already owned 40% of the economics on U.S. defibrotide," Leerink analyst Jason Gerberry wrote in a research note Wednesday. "The deal looks relatively break-even assuming $210 million in peak sales (1,500 patients at $140,000 per patient/year), which assumes modest off-label use."
Gerberry's own peak annual sales estimate is $200 million, which he estimates will add 85 cents to Jazz's EPS.
Jazz, with a highest-possible IBD Composite Rating of 99, is No. 18 on the IBD 50 listing of top-performing stocks over the past 12 months
"Energetic Bear" has roared its way into the Western oil and gas sector: Over the past year and a half, more than 1,000 companies in 84 countries have been hit by the malware, which was first uncovered in August 2012 and further described in a report released yesterday by Symantec.
In the report, Symantec notes the hackers (a group it calls "Dragonfly") have "all the markings of being state-sponsored"; it sees them as likely "based in Eastern Europe," with the Financial Times reporting they have "apparent" ties to Russia and the New York Times more explicitly calling them "Russian hackers." Most of the attacks have been on companies in Spain and the US, followed by France, Italy, and Germany.
The hackers appear to be engaging in industrial espionage, but, as Symantec newly reveals, they can also take over industrial control systems remotely—an ability that makes the Energetic Bear malware similar to the Stuxnet computer worm.
The New York Times notes the Dragonfly hackers are said have become more "aggressive and sophisticated" over the past six months, and Symantec details the new "attack vector" that enables their remote-control capability.
The hackers infiltrated three top manufacturers of industrial control systems and inserted their malware into the software updates those companies' clients used; upon download, the clients' systems were infected.
While there's no evidence the hackers intend to do physical damage, "the potential for sabotage is there," says a Symantec director
I own both, but am disappointed in JAZZ performance this year.
Giliad has been threatened by Congressmen over the price they charge for their drugs.
Seriously? You lost your #$%$ if you shorted AGNC back in January and, if you are short the stock you are also on-the-hook for the substantial dividend. Are you making money in your other endeavors?
Back in its "glory days" AGNC did a secondary offering frequently after going ex-dividend. I'm betting it won't do one this quarter. The stock is still selling below book value. I don't think market conditions warrant a SPO, but I will be monitoring the other REITs to see if there is any trend.
I bought some AGNC call options Friday.
Call up a 1-yr chart of all mortgage REITs and you see NLY is the only one with negative capital appreciation over the past 12 months.
One spammer on this board loves it, he would have made a lot more money in AGNC.
The best performing REIT I follow is NYMT which is not only up 20%, but also pays a 14% dividend.
I love AGNC as long as it's below book value ($24.51)
Panera was featured on CNBC's Option Action Friday as an attractive candidate for put buying. They did say don't just short the stock because of the possibility of a short squeeze.
which is a bearish sell signal, but now a cup-and-handle chart which is a bullish buy signal!
LCI is getting a bit pricy (PEG = 1.8) but I regret any shares I may have sold!
SPWR has more insider ownership then any other stock I own (except maybe Facebook)
Insiders own 65% of the stock.
What makes this significant is that insider ownership has decreased only 0.3% in the past six months, in spite of the massive stock price increase!
Clearly, the people who have the best insight into how the company is doing think it's going higher.
Over the same period, institutional ownership increased 4.2%, another positive.
On the downside, short interest is 26% of float, but that may turn into a positive if we get a short squeeze.
Amazon (AMZN) introduced its smartphone, called the Fire Phone, at an event in Seattle.
The phone has a 4.7 inch screen, aluminum buttons, a high-definition LCD display, among other features.
The phone has some 3D functionality, which Bezos called "dynamic perspective." This allows, among other things, the user to scroll through applications (like a set of phone numbers) just by tilting the phone, rather than touching the screen. Bezos said this is accomplished by a series of front-facing cameras that track the user's perspective, in order to render the phone's interface in 3D.
The phones are priced at $199 for 32 GB, or $299 for 64 GB, with a 2 year contract with AT&T (NYSE:T), or $650 without a contract. It's available for pre-order today, but starts shipping July 25.
GWPH is saying it is worth $43 a share.
1.7 mill new shares plus .25 mill overallotment will raise $86.3 mill.
Why buy on the open market when the company is selling shares at half the price?
I have no position in the stock but was thinking of going long before the ADR SPO.