FOX News Media has signed former United States National Economic Council Director Larry Kudlow as a contributor and host of his own weekday program, announced CEO Suzanne Scott. Beginning on February 8th, Mr. Kudlow will provide expert financial analysis on domestic and global affairs across all FOX News Media platforms and helm a new weekday program on FOX Business Network (FBN), details of which will be announced at a later date.
A fan theory about a pivotal scene in the 1994 Disney movie "The Lion King" is ruining childhoods on TikTok. The post Morbid ‘Lion King’ fan theory stuns TikTok appeared first on In The Know.
(Bloomberg) -- U.S. stocks traded mixed ahead of earnings reports from the biggest tech companies. The dollar weakened.The S&P 500 Index struggled to gain traction throughout the day, weighed down by worries over new coronavirus variants and hurdles to a fresh aid package. Small-caps were among the worst performers as traders turned away from bets on an end to Covid lockdowns. GameStop Corp. extended its astronomical surge as day traders continued to pile into the heavily shorted retailer.European stock markets closed in the green. Naturgy Energy Group SA soared 15% as asset manager IFM Global Infrastructure offered to buy a stake in the Spanish utility. Sweden’s EQT AB, one of Europe’s biggest private equity firms, jumped 15% after agreeing to take over Exeter Property Group in a $1.9 billion deal.Global stocks are mostly treading water near record highs as U.S. corporate earnings season gears up this week, with traders also keeping a eye on developments related to the pandemic and its spread. Vaccine coverage won’t reach a point that would stop transmission of the virus in the foreseeable future, the World Health Organization said.“There’s little bit of bumpiness to start the week,” said Yung-Yu Ma, chief investment strategist at BMO Wealth Management. “Part of the cross current we’re seeing is concern about the new variants of the virus that seem to be spreading quite a bit. It just raises a question of uncertainty and when we’re going to get out from under the cloud of Covid.”Elsewhere, Treasury yields held steady. Bitcoin retreated to trade near $32,000. In Asia, stock markets took a dive after China’s central bank withdrew cash from the banking system and an official cautioned about asset bubbles. The MSCI Asia Pacific Index sank the most in two months and internet giant Tencent Holdings Ltd. lost 6.3%.These are some key events coming up in the week ahead:Microsoft Corp., Apple Inc., Tesla Inc., Facebook Inc. and Samsung Electronics Co. are among companies reporting results.The Federal Open Market Committee monetary policy decision and briefing by Chair Jerome Powell are scheduled for Wednesday.Fourth-quarter GDP, initial jobless claims and new home sales are among U.S. data releases Thursday.U.S. personal income, spending and pending home sales come Friday.These are the main moves in markets:StocksThe S&P 500 Index was little changed as of 2:52 p.m. New York time.The Stoxx Europe 600 Index gained 0.6%.The MSCI Asia Pacific Index fell 1.3%.The MSCI Emerging Market Index dipped 1.5%.CurrenciesThe Bloomberg Dollar Spot Index fell 0.3%.The euro rose 0.2% to $1.2167.The British pound climbed 0.4% to $1.3733.The Japanese yen rose 0.1% to 103.65 per dollar.BondsThe yield on 10-year Treasuries rose one basis point to 1.04%.Germany’s 10-year yield added two basis points to -0.54%.Britain’s 10-year yield was little changed at 0.26%.CommoditiesWest Texas Intermediate crude fell 0.4% to $52.55 per barrel.Gold fell 0.2% to $1,851.60 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
U.S. stocks edged up on Tuesday to push the S&P 500 to a new high as investors digested a batch of corporate profit results, including Johnson & Johnson's strong profit forecast and 3M's quarterly profit beat as the pace of earnings season picks up. 3M Co climbed 3.03% as one of the biggest boosts on the Dow after it benefited from lower costs and demand for disposable respirator masks, hand sanitizers and safety glasses amid a surge in coronavirus infections.
Global stocks rose on Tuesday, helped by strong corporate earnings in the United States and Europe, while sentiment was boosted by the International Monetary Fund raising its forecast for global growth in 2021. Wall Street's main indexes all rose. By 2:41 p.m. ET, the Dow Jones Industrial Average rose 33.43 points, or 0.11%, to 30,993.43, the S&P 500 gained 2.15 points, or 0.06%, to 3,857.51 and the Nasdaq Composite added 19.79 points, or 0.15%, to 13,655.78.
The NRL has joined Cricket Australia in asking the federal government for early access to the Pfizer vaccine.
(Bloomberg) -- Formidable Asset Management LLC, which gained about 83% last year, said it plans to take a nimble and active approach this year, with the volatility of 2020 showing few signs of slowing down.“Though we are early in the year, the truly bizarre events, both societally and in terms of markets, seem to be continuing in 2021,” the hedge fund’s Chief Executive Officer William Brown and Chief Investment Officer Adam Eagleston wrote in a letter to clients, seen by Bloomberg.Stocks that were “retail favorites” in 2020 could go still higher this year, they said, “buoyed by further fiscal stimulus and gains from prior winnings rolled forward.”The main contributors to the fund’s 2020 performance were its positions in green energy and electric vehicle-related stocks.According to the letter, some of the winners for the fund in 2020 included Nano One Materials Corp., Flux Power Holdings Inc., Maxar Technologies Inc., Workhorse Group Inc. Some 2020 “heartbreakers” included a position in AMC Entertainment Holdings Inc.’s debt and put options on GSX Techedu Inc.Formidable declined to disclose the size of assets under management. Brown, who founded the firm in 2013 in Cincinatti, previously served as managing partner of BBK Capital Partners and as senior vice president at Raymond James. Eagleston was formerly a portfolio manager at Driehaus Capital Management LLC.(Adds firm founded in 2013 in Cincinnati in final paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The Lost Book of Herbal Remedies contains more than 800 remedies, recipes of decoctions, essential oils, tinctures, syrups, teas, and other natural remedies that our grannies have used for centuries. The Lost Book of Herbal Remedies contains more than 800 remedies, recipes of decoctions, essential oils, tinctures, syrups, teas, and other natural remedies that our grannies have used for centuries. The Lost Book of Herbal Remedies contains more than 800 remedies, recipes of decoctions, essential oils, tinctures, syrups, teas, and other natural remedies that our grannies have used for centuries. Lost Book of Herbal Remedies Nicole Apelian Nicole Apelian Author of The Lost Book of Herbal Remedies New York City, NY, Jan. 26, 2021 (GLOBE NEWSWIRE) -- The Lost Book of Herbal Remedies is a digital and physical-form book written by Nicole Apelian that provides the most comprehensive and complete collection of herbal remedies used by our ancestors in the early years of human civilization. With that said, it contains hundreds if not thousands of useful material that can be extremely beneficial for individuals' wellbeing and their quality of life. With such a meaty introduction to the book, let us now dive into the specifics of this book. We will try to understand why you, out of all people, should have one copy of The Lost Book of Herbal Remedies book with you at all times. One may pinpoint this as a practical survival guide that aims to develop the foraging skill that we once had when we were simpler people before modern medicine. Humans survived the ages without modern medicine, and it is because of these herbal remedies that this book contains that they successfully evolved to what we are right now. Must Read & Watch: Top doctors are stunned on how the herbs from this book may help you! Learn more by clicking here =>> The Lost Book of Herbal Remedies can be taken as a historical account. It was called a “lost book” because this kind of knowledge has been lost over time as modern technology outpaced the much more straightforward methods of the yesteryears. This herbal remedies book will educate, inform, and teach you of every possible herbal remedy that you may otherwise have missed out on as you made your daily trip down the road or your backyard. Let us take a closer look at this highly informative book and see what benefits and downsides it can give us in the long run. Here is the most complete, comprehensive, and investigative latest review of The Lost Book of Herbal Remedies, written by a top-of-the-line bookworm himself. What is The Lost Book of Herbal Remedies? The Lost Book of Herbal Remedies is a book that contains 318 pages from front cover to back. It has pictures of 181 healing plants, mushrooms, and lichens found in North America's wilderness. You can also discover 550 all-natural, powerful remedies that you can use for either survival or everyday needs. All in all, it is a jam-packed book that’s filled with excellent information about practical life. This book was initially intended for people who do not know about herbal remedies, harnessing their natural, hidden foraging and plant identification abilities to educate people about these things that are just lying around us in the background. The Lost Book of Herbal Remedies is aptly named like that because the information enclosed in it has been lost through time as it was eclipsed by the rapid advances of modern science and medicine per se. Thus, this book's main objective is to re-educate its readers in the traditional healing and rejuvenation way. As a teaser, it contains a simple step-by-step guide of everything related to herbal remedies in general. Watch: Discover The Forgotten Power of Plants with Nicole Apelian It was initially published in 2018, and its author is Dr. Nicole Apelian, an herbalist, scientist, biologist, anthropologist, researcher, survival TV celebrity, traditional skills instructor, and survival skills consultant. She has at least 20 years of experience in the field of botany. It is without saying that Dr. Apelian is an accomplished woman who is highly credible in herbal remedies. Meanwhile, the editor of this book is Claude Davis, Sr., a Wild West expert. The Lost Book of Herbal Remedies is a colored paperback book, which means that you will see images in full color and detail to learn quickly through visual means. According to the latest reviews, 95% of people who have this book gave a positive review about it, making it one of the best books known to humanity. As per the physical description, it’s a reasonably large dark green book with the title “The Lost Book of Herbal Remedies” and subtitle of “The Healing Power of Plant Medicine.” Written are Apelian and Davis's names, and in the center lies an image of a plant that we can assume to be medicinal. It looks more like an encyclopedia and functions as such. The Lost Book of Herbal Remedies Official Website The Lost Book of Herbal Remedies has an official website. Here is the Lost Book of Herbal Remedies official website as listed below: ==> Visit the Official Webpage The above link can lead you to The Lost Book of Herbal Remedies' official website. It is for people who have doubts about Dr. Apelian and her work. To not sound biased, you can deduce that she is credible enough simply because she has already come out on TV because of her line of work. Apelian already came out in a TV series in History Channel’s Alone where you must survive for 57 days without anything but just your knife and your surroundings. The video version can tell you much about the product, but if you want to breeze through the details, you can always try the official website's text version. It also helps to make this version of the website just read without going through these notorious unskippable videos. The Lost Book of Herbal Remedies official website looks like any other supplement website, but this is because their retailer is ClickBank, which is coincidentally also a retailer of several other available supplements in the market. As a parting word, a disclaimer is said at the bottom of the website that states: “some names and places that appear in the video have been changed to protect the identity of the persons involved.” Even though this is the case, it doesn’t change the fact that Dr. Apelian is credible in her own right. What Does The Lost Book of Herbal Remedies Do? The Lost Book of Herbal Remedies does a lot for the advancement of the human race. I know that sounds overdramatic, but it’s true. You may be asking me, how does it advance the human race when all it did was restore ancient knowledge? That’s called going back. Sometimes, and this is good life wisdom, we must go back to our roots to advance ourselves onwards truly. Sometimes we tend to overthink and be not contented with things that we already have. The answers already lie in our hands, but we think there’s a better way. This was how our brothers and sisters in the field of science thought when they started exploring alternatives such as synthetically-made drugs. We already knew, so why not just cultivate it to stay natural by any means? Thus, The Lost Book of Herbal Remedies is an essential tool in re-educating the public of the wonders of herbal effects and identifying what’s edible and not edible. The modern lifestyle has made the human race less of a hunter-gatherer, and thus most of us can’t even start a fire or survive out in the wilderness for just a few days. Our dependence on science is so great that people forget how we existed. Besides that central point, though, The Lost Book of Herbal Remedies can make your life easier. It makes us more comfortable and healthy. People back then sustained themselves in herbal sustenance, and it has made them experience lengthier lives. Indeed, people back then lived longer than usual, and these herbs were the reason why. An all-natural lifestyle too brings about better lives in general. If you want to experience a better version of yourself who feels healthy, wise, and rejuvenates all the time, I will indulge you in getting this book to grasp a better knowledge of the world around you. After all, your home is not your only world – it’s the great outdoors! How Does The Lost Book of Herbal Remedies May Help You? The Lost Book of Herbal Remedies can help you more in general. Your health status will be supported, let alone rescued from several synthetic substances that modern mainstream media is currently bombarding us with. It can help you alleviate the side effects of drugs that you take daily. This is because The Lost Book of Remedies will teach you all the fundamental things that you need to do for a more prosperous and fruitful life in general. It can also help you teach others. By reading this book, you gain knowledge that was otherwise lost in time thanks to the Europeans who ransacked the Native American culture. Sadly, the Native Americans were trampled below their feet along with their wisdom, but that could change today. With this book, not only will you feel empowered by your newfound knowledge, but you will also be the instrument from which other people will know this precious information that was lost in time. Additionally, this book can help you expand your knowledge of the great outdoors. People are increasingly spending their time indoors, so they don’t have the luxury of exploring the outdoors because of the degree of busyness that people have daily. Thus, you’ll get to know that the current medicine we have had been derived from the plants and compounds that these plants had. Did you know that there are antipyretic plants that can lower fever, anesthetic plants that can numb the pain, antiseptic plants that can sterilize your wounds, and other kinds of suitable plants for a specific role? Learn more by taking hold of this book now. There more ways that this book can help you out. It is an excellent read, plus it’s easy to understand thanks to all the pictures. It reminded me of all those visual encyclopedias I had when I was a child. All those visuals are an excellent way for you not to misidentify plants. Misidentification is fatal, so we must take note of all the details first before deeming one plant to be edible or not. The Lost Book of Herbal Remedies may have the word “lost” in it, but it certainly helps lost souls return to their innate human nature of helping and caring for others and the environment. Who Is The Author of The Lost Book of Herbal Remedies? As mentioned previously, the author of The Lost Book of Herbal Remedies is Doctor Nicole Apelian. She is many things, but above all, she is a certified, experienced botanist and herbalist for 20 years now. She can identify plants, forage them, and educate people about their effects and side effects, if any. In short, she is an educator scientist at the very core. However, if you would ask who made The Lost Book of Herbal Remedies book, it would be none other than her grandfather. While the name was not openly specified (allegedly for security and identity protection purposes), she said that a Native American adopted her grandfather early on in his life. This let her grandfather possess skills that a pre-modern human had – the gift of hunting and gathering. Such is the knowledge-base of Native Americans that Europeans learned a thing or two from them. It was also this adoption that leads her grandfather to learn all about the herbs in the surrounding. True enough, he knew enough, and he wrote down everything that he knew in a journal. Now, this journal was with him ever since he was young. He wrote every herb description in it, drew every herb in it, and ultimately wrote down all remedies that he knew could be done from those herbs at the time. These herbal remedies range from anti-inflammatory ones to antiseptic ones. There are even antipyretic and anesthetic properties in some herbs that are commonly found in our backyard! Her grandfather’s experience was plentiful, and he was also a veteran of the Second World War. Even though he wasn’t a medic, he knew how to help his brother-in-arms in times of injuries and dire need during the war. This particular anesthetic property of a common weed known as the Wild Lettuce was so useful that soldiers in his platoon made use of it when they were running out of morphine. This is only one of the fine examples. He lived a long and fruitful life, educating people alongside his granddaughter Nicole. He eventually passed away last 2001. This prompted Nicole to take his journal and rewrite it by herself. She typed in every entry it had and had all the illustrations drawn by an artist to emphasize her grandfather’s journal's visual aspect. By 2018, she had it published in the hopes that it would help other people in their quest towards natural and healthy living. Thus, The Lost Book of Herbal Remedies isn’t just a book by itself. It contains one person's life, and by essence, it was passed down to younger generations so that more people would learn of this lost knowledge that was so common back then before the industrial era. What Does The Lost Book of Herbal Remedies Contain? The Lost Book of Herbal Remedies contains many kinds of entries, all suited to educate the public about the wonders of nature’s healing properties. It includes hundreds of entries of medicinal herbs, remedies, and techniques that you can use in everyday life. Overall, at least more than 800 things you can learn about herbal remedies from this book alone. It is quite large if you hold it the physical version. Considering it has 318 pages of pure information, you’re in for the educational ride of your life. Let’s start with the namesake of the book itself. The book contains several herbal remedies. There are herbal remedies that can help cure wounds, severe bacterial infections and reduce plaque in your blood vessels. These are only a few examples of it, but you get the gist of the book. It contains practical information that you can use for future reference. Whether it’s to impress your crush or save a person’s life, you got it all here in this book. Also, you’ll be enlightened on the number of plants in your backyard that can be used for medicinal or food purposes. The weeds that you take out actually may contain potent compounds that, when ingested, can bring about beautiful results. What’s great about having a book is that you won’t have to guess how. Sure, you can identify it, but how will you transform it into herbal medication? This book has that kind of teaching and will even guide you step-by-step with instructions. It’s pretty cool. Besides that, you will be taught survival skills. That would be plant identification and bandaging. What does bandaging have to do with all this? Well, Apalian’s grandfather was taught how to make a “poultice” or a modified bandage with herbs inside it. It’s beneficial since it puts the herbs right on top of the injury. While we’re at it, you’ll also get to learn how to identify plants. This means you’ll be able to differentiate between what’s edible and not. You can even pinpoint which parts of it are medicinal or not. The book features lots of images of these herbs, so take a closer look at each one of them to master the art of plant identification. Lastly, you’ll find different techniques that cannot be learned elsewhere (except if you’re Native American). These “remedy techniques” actually prove useful as you can use certain herbs and modern-day stuff to alleviate some illnesses that you have right now. The Lost Book of Herbal Remedies is a book full of information and guides. It can be your partner for everyday life, and it comes in either digitized or printed copies. The plus side is, you can choose what you want. Isn’t that amazing? If I recommended anything for you guys, it would be to read this book right now. Nothing will be lost for you. Your knowledge (and hopefully, wisdom) will increase when you read this book. How Does The Lost Book of Herbal Remedies Work? Just like any other book, it works by reading through it. The step-by-step process of remedies listed down in the book is sure enough to teach even the most stubborn minds. It works since it’s a century’s worth of knowledge, and it can also work on you since humans haven’t changed throughout the past few years. Read on and follow the steps, and you won’t be lead astray by this beautiful reading material. If you read it from front to back at an average pace a modern human reads, you can read the book 11 hours straight if needed. This is a lot of reading time, indeed, but we need to consider the weight of information stored inside this book as a whole. It has tons of useful information. Of course, I’m not saying you should sit and read it for 11 hours straight, but if you dare so and is an avid bookworm like me, you can. In that sense, having 11 hours of reading time for a lifetime of knowledge and opportunities is not a waste. It is a good trade-off and can ultimately be the best thing you have done in a very long time. The Pros and Cons of The Lost Book of Herbal Remedies The Lost Book of Herbal Remedies has a lot of things going for it. This book is highly optimistic in its own right and can be used as a benchmark for future books sold in the market. The credibility it establishes is supreme, and the primary objective of this book certainly places it above all else. With that said, let us take a look at the pros and cons of The Lost Book of Herbal Remedies. The Lost Book of Herbal Remedies pros are: Flexible options – can be a physical book or a digital e-book at the same timeExtremely inexpensive and affordableHas a money-back guarantee, given that the reason is perfectly validContains useful information that can be used for daily, practical lifeIt can be used as a survival guideIt helps you live a healthier lifeWritten by an extremely credible author The Lost Book of Herbal Remedies cons are: It can only be bought online through their official website. Any other source of this book (such as Amazon) is considered illegitimate and fakeGenerally focused on North American herbal remedies As we can see, The Lost Book of Herbal Remedies is a precious book to have. Not only does it help people with their life, but it also serves as a guide for future generations to come. It restores our innate skills of foraging and can be used to develop our quality of life further. This book is highly recommended by everyone who wishes to live out a healthier life or break away from the side effects of synthesized medicine as brought upon by modern science. The natural herbal remedies in this book are of a staggering amount and can indeed cover everything if you live in North America. Now that’s mentioned, the downsides of this book are minuscule at best. For one, this book can be only legitimately bought from the official website only. The book also focuses more on the North American flora, which means it can discriminate against other herbal remedies found in different continents. There is a reasonable possibility that the plants mentioned in this book have already migrated to other countries. This is because the book originated from Native American teachings, which came from way before the Europeans started colonizing the land. Thus, this book can be more effective when given to the North American audience than the others. Still, it can be of great help for any aspiring botanist or individual who wants to make his/her life better by the second. The Lost Book of Herbal Remedies Reading Benefits The Lost Book of Herbal Remedies benefits are many. The added knowledge you’ll get is just the tip of the iceberg. The real benefit that you’ll get from this book is that you can become wiser about the surroundings and bring about better consciousness for the environment in general. What’s more, one of the real benefits of this book is the benefit of educating others. The general public doesn’t know much about these natural remedies, and as such, you can help them out so that they would help others in return. Learn More About The Herbs Benefits from this Book from The Official Webpage Here =>> Lastly, the most significant benefit you can gain from this book is the benefit of saving lives. That is unparalleled above all things. It also feels good that you get to save lives rather than become helpless by being unprepared. Being resourceful is one of the greatest traits of a person, and with that, you can amaze and save lives whenever needed and necessary. The Lost Book of Herbal Remedies Downsides The downside of The Lost Book of Herbal Remedies is virtually nothing, besides the fact that the herbal database is mostly based in North America. You’re lucky if you find the herbs identified in the book growing in your backyard in, let us say, Asia. Still, that’s a massive possibility since humans have long since been responsible for bringing invasive populations to other parts of the world (something that we shouldn’t be proud of since it destroys the ecosystem). I’m not saying this book does not contain herbs from other continents. It’s just the majority is from North America. You can also find African herbs here, thanks to Dr. Apalian’s trip to the tribes in that continent. Studies and Their Links to The Lost Book of Herbal Remedies The herbal remedies found in the book are adequately referenced as needed. We need to remember that this book was made by a person who has a doctorate in botany. As such, she can reference it to proper links when necessary. She is also credible on her own. How Much Does The Lost Book of Herbal Remedies Cost? The Lost Book of Herbal Remedies only cost $37. That’s it. It’s a fixed price. Whether you’re only getting a digital copy or a physical copy, that is the set price. However, if you’re going to get a physical copy as well, there’s an additional $8.99 shipping and handling fee involved. Still, this is relatively inexpensive for something precious. Here’s a catch too! You’ll get two (2) free books for every purchase of The Lost Book of Herbal Remedies. These are the “An Awesome 80 Square-Feet SHTF Medicinal Garden” and the “Everyday Disaster Medicine Guidebook.” These are both great reads as well and will complement this product in general! It is also important to mention that they have a money-back guarantee. If customers aren’t satisfied with the book, they can refund it within 60 days. Of course, the reason should be valid. I don’t see how you would be unsatisfied with this book, though. In the end, to avoid counterfeit copies of this book, even sold by the big retailers, it is advised to buy it only from Nicole Apelian's official website listed in this article. Where to buy The Lost Book of Herbal Remedies: Official Website recommended all bonuses Included, click here to check stockAmazon not recommended (bonuses not included)eBay not recommended (bonuses not included)Walmart not recommended (bonuses not included) The Lost Book of Herbal Remedies Review Verdict The Lost Book of Herbal Remedies is something that can be useful for everyday life. It contains life’s wisdom in a condensed form. The herbal remedies within this book are great for everyday and practical use in life and can also save others when necessary. Overall, this book is noble in its cause and is very timely for today’s timid generation. Because of that, I would recommend this book to everyone who wants to make their life better. =>>Learn More About This Book from The Official Webpage Here Product Contact: The Lost Book Of Herbal Remedies firstname.lastname@example.org Disclosure by the content creator: This press release is for informational purposes only. 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Lost Book of Herbal Remedies Nicole Apelian
(Bloomberg) -- Fears unleashed by the once-in-a-century pandemic are clinging onto volatility markets even as stocks boom to record highs and Wall Street speculators gorge on every risk.For all the euphoria in markets, the Cboe Volatility Index has stayed elevated in an historic divergence between this gauge of investor fear and rallying equities. The VIX hasn’t closed below 20 since February last year. Its current level of 23 is some six points above the decade average.As Dean Curnutt at Macro Risk Advisors puts it, the VIX is “on an island of its own.” And there are no easy explanations.As the market rotation reduces correlations and increases risk appetite, Wall Street strategists have long expected a spirited drop in the gauge, which uses the options market to measure the 30-day implied volatility of the S&P 500.So here are four theories on why things are not so simple in volatility land.The AftershocksFirst and foremost: Past is prologue. Historically, volatility shocks like the Covid-spurred mayhem in March have taken time to run their course. After all, implied volatility largely reflects what’s recently happened in markets. In the wake of the global financial crisis, it took some 15 months for the measure to normalize.Yet it’s been just 10 months since the stock wipeout that sent the VIX soaring to a record.Given precedent, it could be several months before the fear gauge settles at a more subdued level especially in light of the extended collapse in the global investment and consumption cycle.“The VIX dropped off more quickly than usual but now has entered a slower decline,” said Vance Harwood of Six Figure Investing, a consultancy specializing in volatility. “We are just seeing the normal after-effects of a market crash.”Add delays to vaccine roll-outs, and there are good reasons why it’s a long journey back to a pre-pandemic normal of sorts.Blame TechPerhaps something else is at work too. Hedge fund Man Group, for one, blames the increasingly large weighting of technology in the S&P 500 Index.Tech shares are now approaching a 30% weighting in the U.S. stock benchmark, up from around 20% five years ago, according to Man. Over the past year, investors have piled into these names as part of the stay-at-home trade, leading to sharp sell-offs when sentiment reverses.When a volatile sector comes to dominate the benchmark, “we get more instances of simultaneous increases in equity markets and volatility, notably during the tech bubble of the late 1990s,” strategists at the firm wrote in a note. “Indeed, we see a similar make-up of the S&P 500 today.”No wonder stocks have risen along with implied volatility lately -- bucking the historic norm.In Man’s view, a “gentle rebalancing” of the equity market leaderboard at the expense of the tech sector would spur a fall in the VIX. Otherwise, brace for higher implied volatility for longer.Call FeverThe explosion of call-option buying has also become an undeniable force in markets, with some blaming it for pushing around the underlying stocks. A more direct impact has been to raise the level of equity volatility overall.Spurred by speculative retail fever, the smallest options traders are making record bullish bets, with volumes running 20% higher than last summer, according to Sundial Capital Research. In the latest frenzy, a record 1 million GameStop Corp. call options were purchased on Friday, followed by another 500,000 contracts on Monday.Dealers who have sold these calls may buy index implied volatility to hedge themselves -- adding upward pressure on the VIX.Something like this was at work back in August and September, when stocks and volatility moved in tandem.Read More: Playing With Volatility? Get to Know ‘The Greeks’: QuickTakeSince the VIX is calculated using prices of both puts and calls, when prices rise sharply for the latter, it can push up the index in the same way hedging demand can.In short, demand for both single-name and index calls may be driving the VIX higher in what’s become more an expression of greed than the traditional signal of fear.“There’s been a lot of call buying, not just on the index but on single stocks,” said Michael Purves, a strategist and founder of Tallbacken Capital Advisors. “And that has been one of the reasons why the VIX has been elevated.”Shortage of ShortsImplied volatility moves on options supply and demand, and since last year’s Covid crash a reliable source of the former has gone missing from markets.Prior to March 2020, institutional investors sold options en masse as a way to generate income in a low-yield world to take advantage of the volatility risk premium, or the tendency of traders to demand higher compensation for future uncertainty compared with what actually comes to pass.After many of these players bailed on that trade, there’s less selling pressure. And that means the elevated fear gauge has a lot to do with market technicals and less about the pandemic-driven business cycle.“A lot of short-volatility guys got destroyed in March,” said Purves. “People are still very nervous to sell it.”(Updates with details of options trades under Call Fever.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
VANCOUVER, British Columbia, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Novelion Therapeutics Inc. (“Novelion” or the “Company”) by Alvarez & Marsal Canada Inc., Novelion’s court appointed liquidator (the “Liquidator”) today announces that the timing of the previously announced interim distribution to its registered shareholders (the “Interim Distribution”) has been delayed. The delay of the Interim Distribution is due to the time required for the Company to undertake additional legal steps in the United States to effect the Interim Distribution. The Interim Distribution was approved pursuant to an Order of the Supreme Court of British Columbia (the “Court”) dated December 16, 2020 in accordance with the Company’s Plan of Liquidation and Distribution. Novelion will be taking steps in the United States to seek recognition and enforcement of the approvals and authorizations in such Court Order. A further update to shareholders will be issued by press release once the timing of these recognition and enforcement steps is confirmed. The Interim Distribution will consist of 2,185,238 American depository receipts (“ADRs”) of Amryt Pharma plc (“Amryt”) currently held in Novelion’s name with the depositary for such ADRs, representing approximately 84.5% of the ADRs currently held by Novelion. The ADRs will be distributed pursuant to the Interim Distribution at a ratio of one (1) ADR for every nine (9) Novelion shares held by a registered Novelion shareholder. Only whole ADRs will be distributed, and any fractional ADR entitlements will be rounded down. An amount equivalent to the market value of the fractional ADRs will be set aside for future distribution to those registered shareholders who would have been entitled to such amounts at the time of the Interim Distribution. Those shareholders who were registered shareholders as of January 16, 2020, being the effective date of the Liquidation (the “Effective Date”), will be entitled to all distributions made in connection with Novelion’s ongoing statutory liquidation and dissolution. It is anticipated that a second and final distribution of any remaining Amryt ADRs and any remaining cash in Novelion will be made in the first half of 2021 prior to the court approved statutory dissolution and winding up of the Company, which was previously approved by shareholders. The Court maintains jurisdiction over the ongoing statutory liquidation and dissolution, and an order approving the final distribution to shareholders will also be sought at a later date. The Company believes that the distribution of the ADRs pursuant to the Interim Distribution will be conducted pursuant to prospectus and registration exemptions available under applicable US and Canadian securities laws. The ADRs are not listed on any stock exchange in Canada, and Amryt is not a reporting issuer in Canada. The Company understands that the ADRs are freely tradable on Nasdaq. The Company is not aware of any securities law restrictions applicable to the ADRs to be distributed, but shareholders are urged to consult their own tax, financial and legal advisors for any questions about the Interim Distribution and to satisfy themselves of any resale restrictions that may apply in their particular circumstances. Shareholders and other interested parties should visit www.alvarezandmarsal.com/novelion for continuing information about Novelion, the Liquidation and related matters. Cautionary Information Regarding the Company’s Securities As of the Effective Date, the Company’s transfer agent closed the Company’s stock transfer books and discontinued recording transfers, and registered shareholders are no longer able to transfer record ownership of their shares. Any distributions made in the Liquidation will be made only to registered shareholders as of the Effective Date, and beneficial holders of common shares will be entitled to receive any distributions only through and from the applicable registered holder of their shares. Shareholders whose shares in Novelion are held in a brokerage firm or with a securities dealer, trust company, bank or another similar organization, are encouraged to reach out to their broker, dealer, trust, bank or other agent with any questions relating to the processes or requirements for receiving any such distributions if and when they are made. The Company believes, but cannot assure, that trading in the Company’s common shares was suspended or otherwise ceased as of the Effective Date or shortly thereafter. The Company cautions that investors who seek to trade in Novelion common shares or other securities after the Effective Date (to the extent such trading is available), including on any secondary markets, do so at substantial risk to their investment. The Company continues to caution that trading in the Company’s securities (to the extent such trading is available) remains highly speculative and poses substantial risks. Trading prices for the Company’s securities may bear little or no relationship to the actual value realized, if any, by holders of the Company’s securities. Accordingly, the Company urges extreme caution with respect to existing and future investments in its securities. Forward-Looking Statements Certain statements in this press release constitute “forward-looking statements” and “forward-looking information” within the meaning of applicable laws and regulations, including U.S. and Canadian securities laws. Any statements contained herein which do not describe historical facts, including, but not limited to, steps anticipated to be required by the Liquidator to effect the Interim Distribution, including any processes before the US courts and the timing related to same, the Liquidator’s actions with respect to the Liquidation and any orders of the Court related to same, the amount, timing and nature of any distributions as part of the Liquidation, including the Interim Distribution, the distribution and resale of any ADRs in the hands of Novelion’s registered shareholders, the ultimate outcome of the Liquidation process, the undertaking or outcome of any potential sales process for assets held by the Company, and expectations and beliefs related to trading in and the market and record of holders of Novelion common shares after the Effective Date, are forward-looking statements which involve risks and uncertainties that could cause actual results to differ materially from those discussed in such forward-looking statements. Such risks and uncertainties include, among others, the impact of any determinations of the Court and the actions of the Liquidator undertaken as part of the Liquidation, the ability of the Liquidator to obtain recognition and enforcement of the Court Order in the United States to effect the Interim Distribution, or the timeframe in which such recognition and enforcement may be obtained, the possibility that actual expenses and claims that result from the Liquidation will be greater than anticipated, and the potential impact of any volatility in the market price of the ADRs held by the Company, any or all of which could materially reduce the availability of assets available for distribution to shareholders, the possibility of any resale restrictions applicable to the ADRs in the future to either Novelion or Novelion’s registered shareholders, as well as those risks identified in Novelion’s filings with the Securities and Exchange Commission (the “SEC”) and Canadian securities regulators, including the definitive proxy statement filed on October 3, 2019, which are available on the SEC’s website at www.sec.gov and on SEDAR at www.sedar.com. The impact from any such risks and uncertainties could materially reduce or eliminate the availability of assets available for distribution to shareholders, or delay the timing of any such distributions. Novelion cautions investors and others not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. Except as required by law, Novelion undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. Contact: Nishant VirmaniAlvarez & Marsal Canada Inc.email@example.com/novelion
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Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.10 per share, payable March 1, 2021, to stockholders of record on Feb. 5, 2021, as approved today by the Wells Fargo board of directors. Wells Fargo has approximately 4.1 billion shares outstanding.
Westport, CT, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Virtuoso Acquisition Corp. (the “Company”) announced today that it closed its initial public offering of 23,000,000 units, including 3,000,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $230,000,000. The Company’s units are listed on the Nasdaq Capital Market (“Nasdaq”) and commenced trading under the ticker symbol “VOSOU” on January 22, 2021. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, shares of the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols “VOSO” and “VOSOW,” respectively. The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on media companies, within the Digital Marketing, Digital Platforms, Subscription, and Ad Tech sectors. The Company is led by Chief Executive Officer Jeffrey D. Warshaw and Chief Financial Officer Michael O. Driscoll. BTIG, LLC and Moelis & Company LLC acted as joint book-running managers of the offering. I-Bankers Securities, Inc. acted as co-manager of the offering. Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants, $230,000,000 (or $10.00 per unit sold in the public offering) was placed in the Company’s trust account. An audited balance sheet of the Company as of January 26, 2021 reflecting receipt of the proceeds upon consummation of the initial public offering and the private placement will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the Securities and Exchange Commission (the “SEC”). The offering was made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from BTIG, LLC, at 65 E. 55th Street, New York, NY, 10022, by email at firstname.lastname@example.org or by telephone at (212) 593-7555. A registration statement relating to these securities was declared effective by the SEC on January 21, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. FORWARD-LOOKING STATEMENTS This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the anticipated use of the net proceeds. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Contact Jeffrey D. Warshaw Chief Executive Officer email@example.com 203 571-6161
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NEW YORK, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of GTT Communications, Inc. (NYSE: GTT) between May 5, 2016 and November 9, 2020, inclusive (the “Class Period”). To join the class action, go to http://zhanginvestorlaw.com/join-action-form/?slug=gtt-communications-inc-2&id=2554 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action. 如果您想加入这个集体诉讼案，请在这里提交您的信息。http://zhanginvestorlaw.com/join-action-form/?slug=gtt-communications-inc-2&id=2554 If you wish to serve as lead plaintiff, you must move the Court before the March 15, 2021 DEADLINE. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that- the Company’s internal controls suffered from issues related to the recording and reporting of Cost of Telecommunications Services; the Company’s previously reported Cost of Telecommunications was inaccurate or accounted for unsupported adjustments; inadequate internal controls would result in delays in the Company’s 10-Q quarterly reports; and as a result of the foregoing, Defendants’ public statements were materially false and/or misleading and/or lacked a reasonable basis. Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take no action at this time. Zhang Investor Law represents investors worldwide. Attorney Advertising. Prior results do not guarantee similar outcomes. Zhang Investor Law P.C.99 Wall Street, Suite 232New York, New York email@example.com: (800) 991-3756
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