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5 Large Cap Stocks Enter Overbought Territory – (GOOG, HAL, WAG, PFE, NWSA
The Relative Strength Index or RSI is a trend indicator that was first introduced by J. Welles Wilder in 1978. The price was used to calculate it. The RSI is used as an oscillator to represent overbought and oversold conditions. The measure helps compare the upward price movement to downward price movement over the specified…
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The Chinese Pharmaceutical Market; Fake Medicine Leads To About 2,000 Arrests – (PFE, BMY, JNJ)
More than 1,900 people have been arrested by Chinese police in a crackdown on the manufacture and sale of fake medicine, according to authorities. The Ministry of Public Security provided a statement revealing that the nation-wide operation was initiated on 25 July. Police seized products valued at 1.16bn yuan that equals $182m or £117m. These…
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So Far In Uganda Deadly Ebola Virus Has Killed 16 People – (BMY, PFE, JNJ)
The most recent epidemic of the toxic Ebola virus has caused 16 deaths in Uganda, the World Health Organization (WHO) said on Friday, raising the prior toll by one. WHO spokesman Tarek Jasarevic told reporters in Geneva today they have 50 so-called cases and 16 dead. Meanwhile, the epidemic was limited to the west of…
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Bristol Myers Squibb Co. (NYSE:BMY) Only Stock Without A Change In Major Drug Manufacturers Industry – (PFE, JNJ, NVS)
Bristol Myers Squibb Co. (NYSE:BMY) has recently announced suspension of a mid-stage trial of a tentative hepatitis C drug obtained in its $2.5 billion January takeover of Inhibitex Inc. After noticing a heart failure case, the New York-based drugmak stated that the clinical trial of the medicine, known as BMS-986094, has been put on hold…
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Yoweri Museveni Recommends Not Shaking Hands In Order To Reduce The Risk Of The Deadly Ebola Virus – (PFE, MRK, JNJ)
Ugandan President Yoweri Museveni has recently advised the public to avoid shaking hands, casual sex and do-it-yourself burials in order to lessen the risk of contracting the deadly Ebola virus after an epidemic killed 14 people and put many more at risk. the President has given the advice after scared patients and health workers ran…
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Dow Struggles; Cisco Systems, Inc. (NASDAQ:CSCO) On Top and JPMorgan Chase & Co. (NYSE:JPM) Facing Biggest Drop
U.S. stocks are mixed today as investors have adopted cautious approach in placing big bets before two big meetings by U.S. and European central bankers. The Dow Jones Industrial Average (INDEXDJX:.DJI) is struggling to stay in positive territory and at last check was floating in a range of 13,057.34 to 13,128.64. . Investors seems have…
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Makers Of Insulin Brands Decides To Appeal Against NPPA – (LLY, NVO, PFE, MRK, BMY)
After the National Pharmaceutical Pricing Authority in India has discarded the requests of Eli Lilly & Co. (NYSE:LLY) and two others to raise prices of their insulin brands, they are ready to appeal against the drug price regulator’s decision to further reduce their net margins on the diabetes medicine in public interest, alleging discriminatory treatment.…
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NPPA Maintains Current Prices Of Insulin Formulations – (LLY, GSK, PFE, MRK, JNJ)
The request from key pharma companies such as Eli Lilly & Co. (NYSE:LLY) and Biocon to raise the price of insulin used for diabetes treatment has been turned down by National Pharmaceutical Pricing Authority (NPPA), the national body set up by the Indian government to control prices of medicines. The drug price regulator said while…
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The U.S. Weight Loss Market Expected to be Worth More Than $60 Billion Annually – (PFE, VVUS, ARNA)
The U.S. Food and Drug Administration, after a 13-year dry spell, recently provided an approval for two new drugs including Belviq and Qsymia. The question will be about how to get a prescription for them. The answer may perhaps depend on which doctor you select to see. Greg Anderson, an assistant professor of family medicine…