Agree, taking a major position in Vical both because of herpes potential and vaccine/vaxfectin platform seems a good sign for long term value
The Secretary of Health and Human Services may designate a priority countermeasure as a fast-track product pursuant to section 506 of the Federal Food, Drug, and Cosmetic Act (21 U.S.C. 356)
Alipay's stakes were transferred into Small and Micro Financial Firm, a separate domestic entity controlled by Alibaba Group founder Jack Ma in 2011 in order to gain regulatory approval for its payment service.
Alibaba shares will start trading on New York Stock Exchange on September 16, according to media reports.
Yahoo Inc and SoftBank Corp, two major shareholders in Alibaba, said in separate statements that Alibaba's filing was negotiated on a collaborative basis.
The Obama administration is forming a special Ebola working group to consider setting policy for the potential use of experimental drugs to help the hundreds infected by the deadly disease in West Africa, U.S. officials said on Thursday.
The group is being formed under Dr. Nicole Lurie, Assistant Secretary for Preparedness and Response at the Department of Health and Human Services, an administration official said.
Fauci said in an interview that he was not certain when the group would have its first meeting or who would be there, but he said, "I'm sure they'll tap people from NIAID with competence in clinical trials."
That requires adequate supplies of a drug. "There is an extremely limited supply and in some cases no supply of these drugs that people are reading about," Fauci said, referring to media reports about the experimental drugs.
Policymakers need to determine whether there is a way to identify the experimental compounds most likely to help, presumably via lab animal studies, and which could undergo "accelerated production to introduce in controlled sites and at least begin doing something," said J. Stephen Morrison, a global health expert who worked for the U.S. State Department during the Clinton administration.
A strange after hours buy?
21.36 Down 1.30(5.74%) 4:00PM EDT
After Hours : 22.62 Up 1.26 (5.88%) 4:23PM EDT
Adds up to $55-60 in buyout and MM tech executive of the year
Alibaba seen offering 22% IPO discount (analysts value at $154 bln in IPO vs. post-listing valuation of $198 bln). Story to come.
Yahoo requested and Alibaba Group agreed to an amendment to the share repurchase agreement that reduces the maximum number of shares that Yahoo is required to sell in connection with Alibaba’s initial public offering from 208 million shares to 140 million shares.
Dividends indicate a stable, projected on going income stream in which mgt has enough confidence to return a portion of earnings to shareholders. If YHOO is going to earn 1.62 and 2.25 next year, a dividend of about .16-.20 a quarter is sustainable, or a yield around 2.5% would cost less than $1 billion per year. Along with a stock buyback, this would propel Yahoo toward $50.
too low a price for the shares which YHOO is forced to sell as part of deal - why should YHOO sell
at $130 bill valuation if aftermarket could value at $200 billion or 50% more - unless there are
very attractive tax provisions for the sold shares???
A Japanese scientist working in the United States said Wednesday he has engineered a virulent new strain of the swine flu virus that could spread unchecked because it defeats the human immune system.
The research, on the 2009 H1N1 virus at a high-security lab at the University of Wisconsin, Madison, has not yet been published. It was first reported on Tuesday by a British newspaper.
The article dubbed virologist Yoshihiro Kawaoka “controversial,” adding that “some scientists who are aware of (the work) are horrified.”
Last quarter, YHOO announced live stream of earnings report for April 15 on April 1.
NOW, here we are waiting July 15 earnings, with no press release just 5 days before the report date.
INFERENCE: There could be some kind of surprise, associated with the Baba IPO, quiet period, etc
which is causing delay in even the announcement of date/method of YHOO 2Q report.
Alibaba Group Appoints Jim Wilkinson as Senior Vice President, Head of International Corporate Affairs
Hangzhou, China, May 12, 2014 – Alibaba Group today announced the appointment of Jim Wilkinson as Senior Vice President, Head of International Corporate Affairs. Wilkinson will be based in the San Francisco Bay Area and will be charged with building and leading Alibaba Group’s international corporate affairs team.
Wilkinson brings to Alibaba Group extensive communications and corporate relations experience among the international, consumer and financial communities. Wilkinson also has strong government and regulatory affairs experience in key global markets worldwide.
“As Alibaba extends our platform for entrepreneurs and small businesses around the world, it is important that we have the right people in place who have a track record of building bridges across geographic boundaries,” said Jack Ma, co-founder and executive chairman of Alibaba Group. “Jim’s leadership, global experience and successful track record will help Alibaba bring the message of our mission to markets outside China: to make it easy to do business anywhere.”
“Jim is a proven team builder and leader in global corporate affairs with a strong track record of integrity, passion and commitment that reflect the Alibaba values,” said Joe Tsai, executive vice chairman of Alibaba Group. “I look forward to working closely with Jim as we enter the next exciting phase of the company’s development.”
Prior to his appointment at Alibaba, Wilkinson was Executive Vice President of Communications for PepsiCo, a global food and beverage leader with net revenues of more than US$65 billion. At PepsiCo Wilkinson managed a strong and successful communications team with presence in key growth markets worldwide, including in China and across Asia.
Yahoo PT of $43 is based on sum of parts valuation with Alibaba at about $150 bill initially giving Yhoo $28 bill stake during IPO but after IPO Yhoo will have up to $10 bill cash plus remaining stake in either market demand driven Alibaba $210 bill stock valuation, or growth driven similar 210-225 bill valuation 2015-2016. So Yhoo will have SOP value 10b cash plus 20b Baba share plus Japan plus US core Value total 45-50
Xunlei Limited (XNET), one of the largest internet companies in China, priced its IPO last night-one day early (it was expected to price tonight). The company priced 7.3 million shares at $12, well above the price talk of $9-$11, on the NASDAQ. Xunlei claims it has over 300 million unique visitors each month visit its cite to access music, video and games.