What you need to know on Wall Street today
Thomson Reuters
A flamboyant CEO critics called the "Trump of Georgia" is engaged in a legal war with the nation's short sellers - traders who bet a stock price will fall - and searching for the analysts who wrote anonymous blog posts about his small pharmaceutical company, MiMedx Group.
His name is Parker H. "Pete" Petit. He's a self-made millionaire with a university football field named after him and ties to high-level GOP officials. Here's what you need to know about Petit's war with short sellers.
In related news, Mallinckrodt Pharma executives said at a luncheon on Thursday that at least one big payer has started putting restrictions on its $36,000-a-dose drug Acthar, a person in attendance told Business Insider. That's bad news for the company, which has seen its stock drop 30% this week.
Elsewhere in markets news, UBS says the two biggest stock market fears are overblown.
On Wall Street, Goldman Sachs is trying to shake off its Ivy league image.
In tech news, Alibaba is about to bring in more than Prime Day, Black Friday and Cyber Monday combined. Nvidia has "tectonic upside," according to Jefferies. Disney plans to take on Netflix with a "substantially" lower priced service. And the former CEO of J.Crew says he approached Amazon about buying his company.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- RBI announces auction sale of Govt. securities of ₹32,000 crore
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market