Tag Archives: Barneys

Financial Daily Dose 10.15.2019 | Top Story: Uber lays off 350 more corporate workers in effort to control costs

BY: Michael D. Reif | October 15, 2019

Ride-hailing giant Uber laid off 350 workers on Monday as part of an ongoing effort to pare costs that now represents 1000 jobs cut since July – NYTimes and Bloomberg and WSJ Not an ideal start to the week for Deutsche Bank, which—as revealed on Monday—spent the better part of 20 years wooing China’s communist … Continue reading

Financial Daily Dose 8.7.2019 | Top Story: Novartis Hid Altered Drug Test Data From FDA

BY: Michael D. Reif | August 7, 2019

A new report out Tuesday from the Food & Drug Administration reveals that drug maker Novartis “concealed manipulated data” from the agency “while applying for approval of an extremely expensive gene therapy treatment and then delayed reporting the issue.” Still, the FDA is keeping Zolgensma, the drug in question, on the market – NYTimes and … Continue reading

Financial Daily Dose 8.6.2019 | Top Story: Market Dive on Worries About Trade War With China

BY: Michael D. Reif | August 6, 2019

Last week’s wild economic ride combined with China’s currency-devaluing response (and, arguably, months more of trade-war-driven global uncertainty) led to the worst day on Wall Street since last December, with the Dow plummeting more than 700 points and major US indices each taking a nearly 3% hit on Monday – NYTimes and WSJ and Bloomberg … Continue reading