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Fly Intel: Top five weekend stock stories

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

Markets Are "Losing The Plot" After Greatest Week Of Market Outflows Ever

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

Peter Schiff: "The American Standard Of Living... It's Going To Collapse"

Authored by Mac Slavo via, 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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