‘There’s still hope’: Genentech’s betting on a new way to treat Alzheimer’s despite multiple failures

‘There’s still hope’: Genentech’s betting on a new way to treat Alzheimer’s despite multiple failures

The search for new Alzheimer’s disease may have hit some setbacks, but companies are still optimistic about finding new treatments. Alzheimer’s affects more than 5 million Americans, a number that’s expected to balloon to 13.8 million by 2050. There are only four drugs that have been approved to treat the symptoms of the disease, and…

Jeff Bezos says Amazon is ready for a debate about regulation after Donald Trump’s repeated attacks on the company

Jeff Bezos says Amazon is ready for a debate about regulation after Donald Trump’s repeated attacks on the company

Amazon CEO Jeff Bezos. Getty Jeff Bezos has said that Amazon is ready for a debate about its enormous scale after coming under repeated attack from US President Donald Trump. Trump has called out Amazon in a number of tweets in recent months, questioning its impact on the US Postal Office, the amount of tax…

Note to Canadian banks: Australian banks that ripped off retail investors are facing a $200M reckoning

Note to Canadian banks: Australian banks that ripped off retail investors are facing a $200M reckoning

The old saying that “sunlight is the best disinfectant” came to mind this week when the first reports emerged from the Royal Commission being held in Australia into Misconduct in the Banking, Superannuation and Financial Services Industry. While Canada’s banking and wealth management sector has come under some scrutiny lately over allegations of aggressive sales…

ALBERT EDWARDS: Stock markets are looking for a reason to crash — and they might have found it

ALBERT EDWARDS: Stock markets are looking for a reason to crash — and they might have found it

LONDON — Global investors are looking for an “excuse” to sell their equity portfolios, and they may finally have a concrete reason to do so, the notoriously bearish strategist Albert Edwards said in his most recent note to clients. Writing on Wednesday, the Societe Generale strategist argued this week’s move above 3% in the US…

Stocks are defying conventional wisdom — and their strange behavior offers a huge hint as to what’s really driving the market

Stocks are defying conventional wisdom — and their strange behavior offers a huge hint as to what’s really driving the market

The stock market isn’t obeying the playbook laid out by investment experts. For months, so-called yield proxy stocks have been viewed as the most at-risk in a rising-interest-rate environment. After all, a huge part of their appeal stems from the investor payouts they offer, usually in the form of dividends. Instead, the opposite has happened.…

Foreign investors haven’t given up on Canada — just on our energy sector

Foreign investors haven’t given up on Canada — just on our energy sector

Outside of oil and gas, foreign investors haven’t given up on the Canadian economy. That’s the takeaway from detailed industry data released Wednesday by Statistics Canada that showed the sharp slowdown in foreign capital inflows last year was energy-related. The stock of foreign direct investment, including debt, in Canada outside oil and gas rose 4.7…

Bombardier CSeries will become just another Airbus after takeover deal closes

Bombardier CSeries will become just another Airbus after takeover deal closes

Airbus SE plans to cap its takeover of the Bombardier Inc. CSeries jetliner by scrapping the Canadian plane’s 14-year-old branding, people familiar with the plan said. Among the names under consideration for a plane in which Bombardier invested more than US$6 billion is “A200,” according to the people, who asked not to be identified as…

‘They’re changing the whole way that commerce works’ — BlackRock’s $1.8 trillion bond chief explains how millennials are spearheading an economic revolution

‘They’re changing the whole way that commerce works’ — BlackRock’s $1.8 trillion bond chief explains how millennials are spearheading an economic revolution

When it comes to sources of inspiration, a traffic jam outside the Lincoln Tunnel has to be pretty low on the list. Unless, of course, you’re Rick Rieder, whose latest economic epiphany was set into motion by precisely that type of fume-streaked gridlock. It all started on a seemingly normal drive, which saw Rieder —…

Flight records for Jeff Bezos’ $65 million private jet could reveal a clue about Amazon’s mysterious 2nd headquarters

Flight records for Jeff Bezos’ $65 million private jet could reveal a clue about Amazon’s mysterious 2nd headquarters

Jeff Bezos’ private jet frequents the Washington, DC, area. Isaiah Downing/Reuters Amazon CEO Jeff Bezos’ private jet could provide a clue as to where the tech company will build its second headquarters. Since March 2016, the Gulfstream G650ER has visited only one destination more often than its home base of Seattle — and that’s Ronald…

The Supreme Court is finally hearing arguments on Trump’s travel ban

The Supreme Court is finally hearing arguments on Trump’s travel ban

People gather to protest President Trump’s travel ban in front of the U.S. Supreme Court, on April 25, 2018 in Washington, DC. Today the high court is hearing arguments in the legal challenge of Hawaii v. Trump. Getty Images/Mark Wilson President Donald Trump’s travel ban, one of the most controversial executive orders to come from…