 |  |
BIOTECH BONANZA: ASCO, the conference for all things cancer, is just around the corner. For the first time, ASCO is prereleasing its enormous book of studies, on the heels of problems and leaks last year. All at once, about 5,000 studies will go on line at 9p ET on Thursday. Biotech analysts and investors will literally be up all night poring over the mountain of data in search of nuggets they can turn into buy or sell recommendations for Friday morning. Ultimately, this marks ASCO's attempt to level the playing field for investors, achieving a balance between science and Wall Street, by releasing almost everything to everyone at the same time. Mike Huckman also sets the stage for what will be a volatile trading day on Friday in a number of biotechs.
| MINORITY ENTREPRENEURS PINCHED: Bertha Coombs is live at the Black Enterprise Entrepreneurs Conference, talking to the big names and taking a look at their window into the slowed economy. The subprime crunch has hit minority homeowners especially hard. Are minority entrepreneurs getting hit as well? At the start of this decade, African Americans were forming new companies at twice the national rate. Is the credit crisis putting the brakes on that progress?
| STAMP OF GREATNESS: For the first time ever, Pimco Founder Bill Gross shows his stamp collection: the greatest in modern history. On a small table, Gross shows CNBC's Michelle Caruso-Cabrera more than $10 million of the rarest stamps in the world, plus a very special envelope from the saddle of a pony-express rider who was scalped by American Indians. On Friday, Gross is auctioning off his Scandinavian collection for charity on Friday.
| RETAIL REALTY CHECK: Margaret Brennan tells the story of retail real estate, which could be a toxic mix of the woes that have befallen both real estate and retail individually. Strip mall weakness is a blind spot (Mall REITS don't report their drop off in traffic or sales) and California has been at the fore of consumer trends. Margaret goes behind the retail numbers to the front lines of the consumer slowdown.
| | | |
No comments:
Post a Comment