Pharma Stocks Decline as House Democrats Investigate Drug Prices

Pharma Stocks Decline as House Democrats Investigate Drug Prices

Stock prices of twelve of the largest pharmaceutical companies in the USA have fallen sharply after the commencement of a Congressional investigation into prescription drug pricing practices. In a statement released yesterday, it was revealed that the House Oversight Committee chaired by Senator Elijah Cummings (D-Md) sent letters requesting information about their pricing strategies to AbbVie, Amgen,…

Interest in Blockchain Jobs Declines as Cryptocurrency Prices Take a Tumble

Interest in Blockchain Jobs Declines as Cryptocurrency Prices Take a Tumble

Advertisement TweetShare Steemit Laid Off 70% of Workers The prices of cryptocurrencies and the interest in crypto-related jobs are highly correlated. This is the takeaway from data provided to CNBC by AngelList Talent, a recruitment firm focusing on startups. The data demonstrates that as cryptocurrency prices surged last year, the number of crypto-related job openings…

“Investors Carried Out Mental Gymnastics to Justify Bitcoin Prices” – Bloomberg Editor-in-Chief

“Investors Carried Out Mental Gymnastics to Justify Bitcoin Prices” – Bloomberg Editor-in-Chief

Advertisement TweetShare Matt Winkler Bloomberg co-founder and former Editor-in-Chief, Matt Winkler has likened speculation-driven bitcoin price movements to the dotcom boom of the mid to late 1990s, comparing the excuses given by investors for irrational market optimism at that time to the reasons given by modern day cryptocurrency speculators. Speaking to Emily Chang on Bloomberg Technology, Winkler…

S.Korea’s Central Bank Sweats Over ‘Kimchi Premium’ in Crypto Prices

S.Korea’s Central Bank Sweats Over ‘Kimchi Premium’ in Crypto Prices

Advertisement While South Korea’s government policies have largely nullified the so-called ‘Kimchi Premium’ in cryptocurrency prices, the country’s central bank has called for continued monitoring into markets. Officials at the Bank of Korea (BOK), the country’s central bank, have called for continued vigilance into South Korean crypto trading markets in an attempt to keep a…