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Top Insider Buys/Sales of the week ending July 24th, 2020
Top Buy- institutional
Bank of America Corp bought by Berkshire Hathaway: $ 813.32m-July 20,21,22
https://www.finviz.com/insidertrading.ashx?oc=1067983&tc=7&b=2
noted for late filing
Emerson Electric bought by Aperture Technolgies: $50m-Mar 11 filed on July 21
https://www.finviz.com/insidertrading.ashx?oc=940911&tc=1&b=2
Top Buy-individual
CASI Pharmaceuticals bought by Chairman/CEO: $7.88m-July 22
https://www.finviz.com/insidertrading.ashx?oc=1542073&tc=7
Top Sale-institutional
Option Care Health sold by Madison Dearborn Partners: $100m-July 24
https://www.finviz.com/insidertrading.ashx?oc=1181100&tc=7&b=2
Top Sale-individual
Okta, Inc. sold by co-founder/COO/EVP: $84.88m-July 20
https://www.finviz.com/insidertrading.ashx?oc=1700842&tc=7&b=2
noted
Datadog, Inc sold by Chief Revenue Officer: $65.77m-July 16-17
https://www.finviz.com/insidertrading.ashx?oc=1783373&tc=7&b=2
AF2 USAF C-32A departed Nantucket Island-Memorial Airport sw
https://twitter.com/mike_pence
>>10074860 N520AP Louisville Metro PD at 1075/ft over downtown
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85307 USAF C-130 Hercules west into the eye
Eye of Hurricane Hanna nears South Texas coast
Residents along the Texas Gulf Coast on Saturday morning were bracing for a hit from Hanna, which was looming about 100 miles east of Corpus Christi.
Hanna was packing 80 mph winds and moving west over the warm waters of the Gulf of Mexico at a speed of 8 mph. A hurricane warning was also issued for Corpus Christi and surrounding areas, the first hurricane warning for this part of the Texas coast since August of 2017 before Hurricane Harvey made landfall. AccuWeather forecasters predict Hanna will make landfall Saturday afternoon.
"Hanna is expected to become a Category 1 hurricane Saturday morning before landfall," AccuWeather meteorologist Alyson Hoegg said on Friday, adding that just south of Corpus Christi is where the storm will likely come ashore, near Baffin Bay, Texas.
https://www.upi.com/Top_News/US/2020/07/24/Eye-of-Hurricane-Hanna-nears-South-Texas-coast/6231595608072/
Argentina says it will not raise 'last' debt offer, willing to tweak legal terms
Argentina’s government reaffirmed on Saturday that it would not budge from its latest proposal to restructure around the $65 billion in debt, but signaled it would be willing to negotiate on the fine print around the deal. The South American country is facing a standoff with bondholders after creditor groups joined forces to reject the government’s proposal earlier in July and put forward one of their own.
The government has repeatedly said it cannot offer more, though sources told Reuters this week it would be willing to negotiate key contractual terms. “Argentina wishes to and will contribute to the development of contractual instruments that enhance the success of sovereign restructuring initiatives when they enjoy meaningful creditor support,” the Economy Ministry said in a statement.
The ministry said the bondholder group’s counterproposal called for “yet more generous financial terms for the creditors compared to Argentina’s current offer,” while requesting that Argentina cover fees and expenses of the creditors’ advisors. “Those aspects of the counterproposal that seek to impose additional burdens on an economy that is choking in the midst of the COVID-19 crisis … cannot be accommodated,” the ministry said in the statement.
Analysts say a gap of about 3 cents on the dollar between the sides at the negotiating table should be bridged in last-ditch talks ahead of a current Aug. 4 deadline for a deal to avoid a messy legal standoff. Creditors’ legal demands include that amendments be made to the 2016 indenture for new debt issued in exchange for ‘Macri’ bonds, to prevent the government from using ‘Pac-Man’ style measures to make future changes to any agreement.
Argentina has been in default since May, the country’s ninth, and is headed for 10-12% economic contraction this year due to the impact of COVID-19, deepening a recession that began in 2018.
https://www.reuters.com/article/us-argentina-debt-proposal/argentina-says-it-will-not-raise-last-debt-offer-willing-to-tweak-legal-terms-idUSKCN24Q0RK