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IBM Shares Soar After Announcing Spin-Off Of Its IT Infrastructure Unit

Jobless claims came in worse than expected, totaling 840,000 last week in another sign that the spike in job growth over the summer has cooled. Initial jobless claims fell by just 9,000 in the week ending October 3, as the prior week’s figure was revised higher by 12,000, the Labor Department reported. Continuing claims fell to 11 million in the week ended September 26. “The stubbornly high level of claims may already be starting to reflect the large corporate job cuts an...

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Ocular Therapeutix Inc (NASDAQ: OCUL): Ocular Therapeutix shares are up more than 2% today after the biopharma company announced topline Phase 1 clinical trial results for its OTX-CSI (cyclosporine intracanalicular insert) for the treatment of dry eye disease (DED). “The results of the Phase 1 clinical trial provide an early look at the safety, tolerability, durability, and poten...

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Should you buy TRV’s value proposition?

One of the segments of this sector that I think is interesting – and that doesn’t get as much attention is the Insurance industry. Companies that provide insurance products – life insurance, property and casualty, auto, health, and so on – certainly are sensitive to economic cycles, since the average consumer is unlikely to take out new insurance policies if they are already being forced to tighten their belts as much as possible to get by. On the commercial side, one of t...

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Aileron Therapeutics, Inc., a clinical-stage biopharmaceutical company, focuses on developing and commercializing a novel class of stabilized cell-permeating alpha-helical peptides in the oncology and other therapeutic areas in the United States. The company’s lead product candidate is ALRN-6924, a cell-permeating peptide, which is in Phase 2a clinical trial for the treatment of advanced solid tumors; Phase 2a clinical trial to treat peripheral T-cell lymphoma; Phase I clinical trial fo...

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