Author: Kevin Bae
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Johnson & Johnson submit request for approval on booster to FDA
Johnson & Johnson said Tuesday that the company had submitted data to the Food and Drug Administration to support the use of a booster dose of its Covid-19 vaccine. The announcement comes two weeks after the company presented the results of a randomized, controlled Phase 3 study showing that a booster dose given two months after…
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Pepsi raises expectations, posts higher revenue but lower profit for the quarter
The maker of snacks and beverages on Tuesday said it expects organic revenue—a measurement that adjusts for items like foreign-exchange translation, acquisitions and divestitures—to grow about 8% for fiscal 2021. It previously expected organic revenue to grow 6%. The Purchase, N.Y., company sees core constant currency earnings per share growth of at least 11%, compared…
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OPEC+ decision leads to higher oil prices
OPEC and a Russia-led group of oil producers agreed to continue increasing production in measured steps, delegates said Monday, deciding against opening the taps more widely, and driving U.S. crude prices to their highest levels since 2014. West Texas Intermediate, the main U.S. oil price, rose 2.3% to close at $77.62 a barrel. Brent, the…
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Positive VIB3S
I get a 4 out of 5 in podcast quality, I rebalance a portfolio for sector exposure, receive a shareholder letter that I’ve never received before, and more!
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Sixth Street Specialty Lending announced possible share buybacks
In a letter to shareholders dated October 13, 2021, Sixth Street Specialty Lending announce they may buy back shares from time to time. Below is the text of their letter signed by Joshua Easterly, CEO. October 13, 2021 Dear TSLX Stockholders: In accordance with Section 23(c)(1) under the Investment Company Act of 1940, we are…
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You may no longer gain so much from your capital gains
Accountants are going to have to get creative should the legislation pass. In addition, the marriage penalty is enormous. If I was in that income bracket I would hold off getting married before I take such a large hit. If passed, the new tax law hits married couples hard if they make $450k or more.…