Mylan’s (MYL) EU Verdict, Facebook (FB)’s Changes to Messenger, and Tesla (TSLA) CEO’s Prediction

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Fate of Mylan NV (NASDAQ:MYL)’s takeover of Swedish company Meda will be decided by European Union antitrust regulator by July 6. The company also announced that it will raise $6.5 billion through sale of senior notes.

EU Antitrust Regulators

Mylan NV (NASDAQ:MYL) also launched generic version of Nuvigil tablets. The name of the generic version of the medicine is Armodafinil tablets which is available in various sizes from 50 mg, 150 mg, and 250 mg.

In an internal e-mail Credit Suisse Group AG (ADR) (NYSE:CS) has asked its employees to leave by 7pm on Friday. The company wants its employees to enjoy Friday nights.

Facebook Inc (NASDAQ:FB) introduces direct reply on Android N for its messenger. Through direct reply a user can reply anyone who messages from notification windows. The company is also going to overhaul over 1500 emojis.

Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk predicts that Apple Inc. (NASDAQ:AAPL)’s car will not be ready before 2020. He also went on to say that they are bit late but they would be successful and will make a good car.

Elon Musk also stated that Tesla Motors Inc (NASDAQ:TSLA)’s launch of Model 3 is on track and by 2017 more than 325,000 pre-orders will be fulfilled.

Apple Inc. (NASDAQ:AAPL)’s price target was slashed by 8.8% to $124 by Goldman Sachs over concerns of slower growth. The research firm has however maintained its “Buy” rating for the stock.

Goldman Sachs is not the only company which is worried about Apple Inc. (NASDAQ:AAPL)’s growth even billionaire Carl Icahn had concerns about its growth in China. He sold his entire stake at profit of $2 billion.

Amazon.com, Inc. (NASDAQ:AMZN) is acting tough against fake product reviews. The company has started taking action by suing its sellers instead of battling with other websites.

Amazon.com, Inc. (NASDAQ:AMZN) is not the only one Alibaba Group Holding Ltd (NYSE:BABA) also faced similar problems in China. CCBetterDirect, Michael Abbara, and Kurt Bauer are the three companies which have been sued. These three companies together comprise of 40 percent of fake reviews on the site.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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