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Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Incyte (INCY) and Innovent Biologics announced that the companies, through their respective subsidiaries, have entered into a strategic collaboration agreement for three clinical-stage product candidates discovered and developed by Incyte-pemigatinib, itacitinib and parsaclisib. Under the terms of the agreement, Innovent will pay Incyte $40M in cash up front, and Incyte shall be eligible to receive an additional $20M in consideration in connection with the first... -The Fly
When discussing the deteriorating plight of the leveraged loan market last night, we noted that according to Lipper, US Loan Funds just saw a fourth consecutive, and record $2.5 billion outflow in the past week. That was not all, however, because in the same report Lipper also found the largest outflows on record from stocks ($46BN), the largest outflows since December 2015 from taxable bond ($13.4BN) and Investment Grade bond ($3.7BN) funds, and the 4th consecutive week of outflows from high yield bonds ($2.1BN), offset by a panic rush into cash as... -Zero Hedge
Authored by Mac Slavo via SHTFplan.com, Market analyst and financial guru Peter Schiff says that the United States economy is headed for a disaster. In a recent interview, Schiff said that when the dollar goes away as a reserve currency, so will the American standard of living. Schiff says the U.S. is flexing more muscle than it has. After the arrest of Huawei chief financial officer, Meng Wanzhou, a Chinese businessman who is accused of violating U.S. sanction laws, the Chinese are already planning economically destructive ways to reduce the... -Zero Hedge
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