Weekly Recap 11-16/11-20: GlaxoSmithKline plc (ADR) (GSK), Valeant Pharmaceuticals Intl Inc (VRX), and Microsoft Corporation (MSFT)
GlaxoSmithKline plc (ADR) (NYSE:GSK) is quietly engaged in the process of revolutionizing medicine globally. For this, the company has involved itself in researching on the ways to tap natural systems of the body to treat diseases.
GlaxoSmithKline plc (ADR) (NYSE:GSK) preferred not to make use of the traditional molecular medicines. Therefore, it preferred to focus on developing the bioelectronic medicine that is a small computer with the capacity to reprogram the nerve signals of the body to treat diseases.
At a time when investors were showing signs of indifference, Valeant Pharmaceuticals Intl Inc (NYSE:VRX) got a shot in the arm to boost management’s confidence. Ruane Cunniff and Goldfarb, its biggest shareholder, boosted its stake in the company to 10% taking advantage of the downtick in stock prices.
Billionaire investor and hedge fund manager, Bill Ackman, has already extended his support to Valeant Pharmaceuticals Intl Inc (NYSE:VRX)’s management.
Microsoft Corporation (NASDAQ:MSFT)’s CEO, Satya Nadella, expects that Artificial Intelligence will replace web browsers. The Company is engaged in modeling such a feature in which the relevance of web browsers will lose its sheen.
He said that AI tools like Cortana and are ready to take over search functions. Microsoft Corporation (NASDAQ:MSFT) is struggling to push its web browsers. Therefore, the development should be a big boost for the software firm.
Alphabet Inc (NASDAQ:GOOGL)’s YouTube remained popular among the teens in the United States. A fresh survey suggested that the teens spend considerable time on YouTube watching videos at the cost of traditional television.
The survey conducted by Common Sense Media indicated that the teens’ interest for the content has not changed.
Netflix, Inc. (NASDAQ:NFLX) extended its presence in Australia with a gain of 1.5 million subscribers within a month. According to the latest data of ACMA, the company had a subscriber-base of 2.5 million at the end of June end.
Earlier, Roy Morgan Research in May had stated that Netflix, Inc. (NASDAQ:NFLX) has one million subscribers.
Amidst significant drop in worldwide oil prices, Royal Dutch Shell plc (ADR) (NYSE:RDS.A)’s bid to acquire BG Group plc (ADR) (OTCMKTS:BRGYY) for $70 billion appears to be running the risk of losing big shareholders support. The opinion gained ground after Qatar Investment Authority divested part of its stake in both the companies amounting to £1 billion.
Royal Dutch Shell plc (ADR) (NYSE:RDS.A)’s management is firm on finalizing its deal despite growing concerns against the merger.
BlackBerry Ltd (NASDAQ:BBRY)’s transformation to software is finally paying off after years of uncertainty. Though the company’s handset business continues to remain a concern, favorable trends in its software business suggest that it has taken off in different sectors’ applications. Currently, the genuine buyers seem to be attracted by the valuation of the stock.
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