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Teva to donate over $15 bln worth of drugs in opioid settlement - source (Wed, 16 Oct 2019)

Teva Pharmaceuticals is in talks to contribute over $15 billion worth of drugs as part of a settlement to resolve lawsuits alleging it helped fuel the U.S. opioid crisis, a source familiar with the matter told Reuters on Wednesday. The news follows media reports that major drug distributors McKesson Corp, AmerisourceBergen Corp and Cardinal Health are discussing with governments to settle thousands of opioid-related lawsuits for $18 billion. The companies, including Teva, are all defendants in a landmark trial set to begin in federal court in Cleveland, Ohio, on Oct. 21, which will be presided over by U.S. District Judge Dan Polster, who has long pushed for a global settlement of the litigation.

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Shipping ETF Rallies on Increased Geopolitical Risks (Thu, 17 Oct 2019)

Shipping ETF Rallies on Increased Geopolitical Risks

A shipping themed ETF has been quietly outperforming as tanker rates surged to record heights amidst a spike in geopolitical uncertainty.

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UPDATE 1-Colombia awards $4 billion contract for Bogota metro to China-Canada consortium (Thu, 17 Oct 2019)

UPDATE 1-Colombia awards $4 billion contract for Bogota metro to China-Canada consortium

A $4 billion contract to build a metro in the Colombian capital was awarded to a consortium of China's Harbour Engineering Company, Xi'an Metro Company and Canada's Bombardier Inc, the government said on Thursday. Metro Director Andres Escobar said the consortium, known as Apca Transmimetro, will construct the project and operate it for 20 years. The group beat out the other international consortium that submitted bids, which consisted of Mexico's Carso Infraestructura y Construccion and Promotora de Desarrollo de America Latina, Spain's FCC Concesiones de Infraestructura and Ferrocarril Metropolita de Barcelona and France's Alstom SA.

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Silver Dips to 2-Week Low as U.S-China Trade Talks Continue (Wed, 16 Oct 2019)

Silver Dips to 2-Week Low as U.S-China Trade Talks Continue

Silver prices have lost close to 1.0% on Tuesday, as investors remain optimistic that the U.S. and China are close to signing a limited trade deal. If the current downtrend continues, we could see silver drop below the symbolic $17.00 level.

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Snap launches dynamic ads to draw more advertisers (Thu, 17 Oct 2019)

Snap launches dynamic ads to draw more advertisers

Snap Inc. said on Thursday it is introducing dynamic advertising that automatically create ads and target audiences in real-time, as the parent company of photo messaging app Snapchat looks to compete for digital ad dollars. Snap has grown revenue and its userbase as larger rivals Alphabet's Google and Facebook Inc, which dominate the global digital advertising market, face regulatory scrutiny over their market control. Both Google and Facebook already offer dynamic ads.

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