Author Archives: Scalper1

Senate Probes Valeant, Turing Over Price-Gouging

Big pharma Valeant Pharmaceuticals (VRX) and Turing Pharmaceuticals face congressional subpoenas related to widening probes of why they raised prices sharply on life-saving drugs shortly after acquiring them. Meanwhile, the Senate’s Special Committee on Aging launched a probe into pharmaceutical pricing Wednesday and said it will seek related documents from four companies, including Valeant and Turing. Valeant said in a statement it will cooperate

Shakeout could eliminate 30% of today’s IT vendors

More than 30% of today’s information technology vendors won’t exist as we know them within five years, market research firm IDC predicted Wednesday. Nearly a third of IT suppliers will be acquired, merged, downsized or significantly repositioned by 2020, IDC said as part of the tech research firm’s annual forecast. And it’s not just traditional IT suppliers that will struggle — even new IT companies will fall, IDC chief analyst Frank Gens said on

A Shift To Self-Driving Cars: Tesla, Mobileye, Nvidia

Are we there yet? The trend toward self-driving car technology figured in Tesla Motors (TSLA) and Mobileye (MBLY) quarterly reports this week, and it’s likely to show up in Thursday afternoon’s Q3 report by Nvidia (NVDA). Electric car maker Tesla said its ‘Autopilot’ system is enabled on about 40,000 Model S sedans and Model X crossovers for collision avoidance and autonomous emergency braking. An add-on option also lets them steer, change lanes