Stocks pushing higher with the Nasdaq popping to a new high – as big tech testifies on Capitol Hill. Plus – Under Armour smashed – can it’s roster of high-flying athletes turn around its fortunes? And – a huge win for bitcoin – why futures contracts could help crytpo become credible. Plus – the the IPhone 10 is here – and David Pogue gives us his review.
Winners and losers
Stocks in the red include Qualcomm on reports suggesting Apple’s next generation of iPhones and iPads would stop using Qualcomm’s chips, Voyager Therapeutics as Sanofi will no longer market Voyager’s Parkinson’s treatment, and Mylan – shares of the drugmaker sinking as president Rajiv Malik is the target of an expanded probe into alleged price collusion by generic drugmakers.
Stocks in the green today include Rockwell Automation as the industrial automation firm has reportedly been the target of numerous offers from Emerson Electric, those offers have been rejected thus far, Sony as the electronics giant lifted its full-year profit forecast by 26%, and Mondelez – shares of the snack maker jumping after reporting earnings and revenue that topped analysts’ expectations, boosted by improved sales in North America and emerging markets.
Why economics can be a force of good
You may have missed “Dynamic Models of Oligopoly” or “A Theory of Incentives in Regulation and Procurement” – thinking they were over your head, but Jean Tirole’s new book Economics for the Common Man is for everyone. The nobel prize winner and Chairman of the Toulouse School of Economics.