Sanlam joins Discovery in mandating Covid-19 vaccinations for staff 2021/09/09 12:37:44 BusinessLIVE
CEO Paul Hanratty says Sanlam announced the move to staff today though it won''t fire employees who refuse to get Covid-19 jab
Field Trip Health Ltd. to Pursue Treatment Resistant Depression and Postpartum Depression as Indications for FT-104 2021/09/09 11:30:00 Benzinga
TORONTO, Sept. 09, 2021 (GLOBE NEWSWIRE) -- Field Trip Health Ltd. (TSX: FTRP , FTRP.WT, NASDAQ: FTRP ) ("Field Trip"), a global leader in the development and delivery of psychedelic therapies, announced today the lead indications for FT-104, its novel psychedelic compound in development, will be Treatment Resistant Depression (TRD) and Postpartum Depression (PPD). Field Trip today also announced that Anita H. Clayton, MD, Chair of Psychiatry and Neurobehavioral Sciences at the School of Medicine at the University of Virginia, has joined its Scientific Advisory board. Through Field Trip Discovery, its drug development division, Field Trip is developing next-generation psychedelic molecules. Its first molecule in development, FT-104, a prodrug, is a synthetic serotonin-2A (5HT2A) agonist whose active component has serotonin-2A potency similar to psilocybin. Importantly, however, the active component of FT-104 is expected to produce a reliably shorter duration of psychoactivity (2-3 hours) than psilocybin, and has high bioavailability after administration.
Discovery Giving its Members 2500 Vitality Points for Getting Vaccinated 2021/09/09 09:02:19 ITNewsAfrica
Discovery Vitality announced today that all Vitality members aged 18 or older will be awarded 2500 Vitality points for being fully vaccinated against COVID-19 in 2021. According to a statement released by the South African health insurance provider, these points will be awarded retrospectively in October for those who have already been vaccinated. If members 
Discovery will now give you bonus Vitality points for being vaccinated 2021/09/09 08:40:09 BusinessTech
Discovery has announced that all Vitality members aged 18 or older will be awarded 2,500 Vitality points for being fully vaccinated against Covid-19 in 2021.
''Star Trek: Picard'' takes us to an alternate reality in February 2022 2021/09/09 03:41:19 Engadget
The first season of Picard picked up after the destruction of Romulus with a much darker, more depressing Federation. But just when things were looking better, things are about to get a lot worse in season two thanks to the machinations of Q, with a fascist regime taking over Earth. Now it''s up to retired Admiral Picard and the crew of La Sirena to travel back in time to stop this dystopic world from coming into fruition. This new Picard storyline will premiere in February 2022 likely after Star Trek: Discovery finishes up its fourth season on Paramount+ . Picard has also been greenlit for a third season, now in pre-production.
WarnerMedia is pitching an ad-supported HBO Max tier, but some advertisers say the rates are too expensive and are skeptical of the value 2021/06/04 12:38:33 Business Insider
Summary List Placement WarnerMedia just rolled out an ad-supported version of HBO Max that it's pitching as a premium product with the lowest commercial ad load in the streaming industry. But some ad buyers are balking at its high price point and lack of targeting ability. Ad-supported HBO Max touted $80 million in ad buys from more than 35 brands and has told buyers that almost all its 2021 inventory is sold out. WarnerMedia didn't name the brands, but insiders said ad holding companies like WPP and Omnicom bought the vast majority of the inventory for their big clients during the 2020 upfronts. The platform will air a maximum of four minutes of commercial time per hour — the lowest among competitors including NBCUniversal's Peacock, which has five minutes of ad time per hour. Three ad agency buyers pitched by WarnerMedia said HBO Max's starting CPM, or cost per 1,000 ad impressions, is $60 to $70. Disney's Hulu is priced around $30, meanwhile, and NBCUniversal's Peacock started at $50 but has since declined to just over $40 for large ad buys.
SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Discovery, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors 2021/06/02 14:05:00 Benzinga
NEW YORK , June 2, 2021 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Discovery, Inc. (NASDAQ: DISCA ). If you are a shareholder of Discovery, Inc. and are interested in … Full story available on Benzinga.com
Is AT&T Stock A Buy Now? What The Discovery Deal Means For Investors 2021/06/02 12:45:00 Seeking Alpha
Mega law firm Dentons wants to build a top-flight consulting business, and it just inked a deal to launch a new standalone firm 2021/06/02 12:30:00 Business Insider
Summary List Placement Dentons, one of the world's biggest law firms, is using private-equity money to create a new consulting firm, starting with the acquisition of an advisory firm founded by former US Secretary of State Madeleine Albright. The consulting company, called Dentons Global Advisors, or DGA, will be led by Ed Reilly , the strategic-communications executive whom Dentons hired from FTI Consulting in 2019. The law firm will have a minority stake in DGA, which has financial backing from an unnamed private-equity firm, Reilly said in an interview. The cornerstone of the new venture is the Albright Stonebridge Group, a Washington, DC-based consulting firm led by the US' former top diplomat. That firm, to be rebranded Dentons Global Advisors ASG, has advised corporate titans like Pfizer, Amazon, Microsoft, Lyft, and Discovery Communications and has at least a half-dozen alumni serving in the Biden administration. ASG describes its services as "commercial diplomacy." Its staff includes policy experts, former corporate executives and lawyers who advise on strategy, regulatory matters, and public affairs.
HBO Max, Discovery Plus' new parent to be named Warner Bros Discovery - CNET 2021/06/01 18:42:00 CNET
Two weeks ago, AT&T unveiled a deal to spin off WarnerMedia and merge it with Discovery -- but nobody had a name for the new company yet.
Bill Hwang lost around $20 billion in 2 days when his Archegos fund imploded, report says 2021/04/09 10:58:53 Business Insider
Summary List Placement Bill Hwang built a fortune of around $20 billion but lost it in a matter of days, Bloomberg reported. His hedge fund Archegos Capital Management ballooned on successful bets on global tech firms. But it all came crashing down when Hwang's highly leveraged bets started to go awry. Sign up here for our daily newsletter, 10 Things Before the Opening Bell . Bill Hwang built up a fortune of around $20 billion through savvy investments, but then lost it all in 2 days in March as his Archegos investment fund imploded after some of his bets went awry, a report has said. Hwang, an alumnus of famed hedge fund Tiger Management, took around $200 million in 2013 and turned it into a $20 billion net worth by betting successfully on technology stocks, Bloomberg said in the most detailed look at Archegos' finances yet. But it all came crashing down at the end of March when some of Hwang's highly leveraged bets started to go wrong and his banks sold huge chunks of his investments.
Warren Buffett warned about the financial instruments that triggered the Archegos implosion 18 years ago 2021/04/02 15:04:38 Business Insider
Summary List Placement Archegos' use of financial derivatives helped it to increase its leverage that triggered a $20 billion liquidation and rattled financial markets. 18 years ago, Warren Buffett warned that derivatives are "financial weapons of mass destruction." In a 2002 Berkshire report, Buffett said derivatives were expanding "unchecked" and governments had no way to control or monitor the extreme risks posed by them. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The derivatives instruments that triggered the Archegos Capital Management implosion have faced scrutiny for years from regulators and some of Wall Street's biggest investors, including Warren Buffett. In the Berkshire Hathaway 2002 Annual Report , Buffett called derivatives "financial weapons of mass destruction carrying dangers that, while now latent, are potentially lethal." Archegos Capital Management's investments were partially concentrated in derivatives called a total return swaps. The highly leveraged trading strategy also had a role in the fallout of Long-Term Capital Management (LTCM), a hedge-fund that failed in 1998 and ultimately required a bailout from a consortium of Wall Street banks in order to prevent a widespread financial-market collapse.
Bill Hwang lost $8 billion in 10 days during the Archegos meltdown, reports say 2021/04/02 14:06:00 Business Insider
Summary List Placement Amid the largest melt down of a firm Wall Street has witnessed since the global financial crisis, it wasn't just banks that lost billions. Bill Hwang, the man behind Arcehgos Capital Management, also suffered a staggering $8 billion dollars in 10 days — one of the fastest losses of that size traders have ever seen, The Wall Street Journal reported . The massive selloff was largely felt on Friday last week when shares of media conglomerates and investment banks dropped off, sending shockwaves through the market and sparking fears of wider spread contagion. Japanese firm Nomura Holdings said it could suffer a possible loss of around $2 billion, while Credit Suisse Group , which has declined to provide a numerical impact, could see around $3 billio-$4 billion, according to reports. Hwang, who founded Archegos as a family office in 2013 , used borrowed money to make large bets on some stocks until Wall Street banks forced his firm to sell over $20 billion worth of shares after failing to meet a margin call, hammering stocks including ViacomCBS and Discovery.
These ViacomCBS Option Traders Think A Bounce Is Due 2021/04/01 20:29:12 Benzinga
ViacomCBS Inc (NASDAQ: VIAC ) stock has failed to rebound significantly following a four-day sell-off that saw Viacom plummet over 60%. The sell-off is attributed to hedge fund Archegos Capital Management liquidating its position. ViacomCBS, like a number of media stocks such as Discovery Communications Inc (NASDAQ: DISCA ) and Music Entertainment Group (NYSE: TME ), have also been the targets of traders in the r/WallStreetBets community who see the hedge fund liquidation as another financial assault against retail traders. ViacomCBS option traders may be betting other hedge funds and banks will be looking to build a position in these beaten-down stocks over the next weeks and months at discounted prices. The ViacomCBS Trades: At 9:40 a.m. Thursday, a trader executed a call block of 485 ViacomCBS options with a $40 strike price expiring on April 16. The trade represented a $293,400 bullish bet for which the trader paid $6.05 per option contract. At 10:27 a.m., a trader executed a call …
71 Biggest Movers From Yesterday 2021/04/01 09:06:58 Benzinga
Gainers Discovery, Inc. (NASDAQ: DISCB ) shares gained 82.8% to close at $128.00 after climbing around 29% on Tuesday. Wah Fu Education Group Limited (NASDAQ: WAFU ) shares jumped 51.2% to close at $12.50 on Wednesday after the company swung to a profit in the first half of fiscal year 2021. MicroVision, Inc. (NASDAQ: MVIS ) gained 50.7% to close at $18.55 after Microsoft, which is a Microvision customer, won a US Army contract for AR headsets. Liberty TripAdvisor Holdings, Inc. (NASDAQ: LTRPB ) rose 41.8% to close at $37.00. Coursera, Inc. (NYSE: COUR ) gained 36.4% to close at $45.00 as the company priced its IPO at $33 a share. FreightCar America, Inc. (NASDAQ: RAIL ) jumped 35.7% to close at $6.59. Intevac, Inc. (NASDAQ: IVAC ) gained 31.7% to close at $7.15 in sympathy with Microsoft following news Microsoft won a U.S. Army contract for augmented-reality headsets. Greenlane Holdings, Inc. (NASDAQ: GNLN ) rose 29.7% to close at $5.30 after the company and KushCo announced a merger agreement.