dChan
Anonymous ID: 6246ce March 25, 2019, 6:17 a.m. No.5879819   🗄️.is đź”—kun   >>9932 >>0229 >>0414

Biogen announces $5 billion buyback days after shelving Alzheimer's trials

 

(Reuters) - Biogen Inc (NASDAQ:BIIB) said on Monday it would buy back shares worth $5 billion, days after its stock slumped on the drugmaker's announcement to end two Alzheimer's disease trials.

 

Biogen had lost more than $18 billion of its value last week after the company and partner Eisai Co Ltd ended two late-stage trials of their experimental Alzheimer's disease treatment, aducanumab.

 

Biogen shares, which lost 32.4 percent of their value since the company's announcement on Thursday to scrap the trials, were up 1.5 percent before the opening bell on Monday.

 

The share buyback is in addition to the approximately $1.7 billion remaining under the stock repurchase program authorized by its board in August 2018, the company said in a regulatory filing.

https://www.investing.com/news/stock-market-news/biogen-announces-5-billion-buyback-days-after-shelving-alzheimers-trials-1816947

https://finance.yahoo.com/quote/BIIB?p=BIIB&.tsrc=fin-srch

https://www.nasdaq.com/symbol/biib/institutional-holdings

 

cancel a major drug that cost billions and now forced to buyback shares to support equity price. Thi is for the major owner's of this stock. See cap 3 for the Institutional holder's of Biogen.

Blackrock is the top holder. Guess Larry Fink gets paid again

sauce for sale

https://www.secform4.com/

Anonymous ID: 6246ce March 25, 2019, 6:42 a.m. No.5880023   🗄️.is đź”—kun   >>0229 >>0414

SEC Urges Judge to Act, Accusing Musk of Muddying Contempt Case

 

(Bloomberg) – The Securities and Exchange Commission told a New York judge that she should be able to decide whether Tesla Inc. Chief Executive Officer Elon Musk violated the terms of his settlement with the regulator and whether to punish him for that without holding a hearing “because there are no material issues of disputed fact.”

 

The SEC wrote to Judge Alison Nathan on Monday to say there is no ambiguity to the terms of the settlement and that Musk tried to muddle the matter with “selective omission of certain settlement communications” in his filing Friday defending his actions.

 

The SEC offered to provide more written information on the settlement negotiations if Nathan decides she needs additional information. The October agreement ended an investigation into Musk’s statements on Twitter about taking the company private, and required him to obtain pre-approval of communications that are material to Tesla. He tweeted a Tesla production forecast for this year in February and corrected himself within a few hours, prompting the SEC to ask that he be held in contempt.

 

https://finance.yahoo.com/news/sec-tells-court-no-hearing-130336925.html