C&E Industry News Filter

'Squashed like a bug': distressed bond manager makes multi-billion dollar bet against Tesla

‘Squashed like a bug’: distressed bond manager makes multi-billion dollar bet against Tesla

Scott Burg, the chief investment officer of Deer Park Road Management Co, who predicted that Tesla would become “crushed like an insect” in a 2020 tweet, he bought put options on nearly 4.8 million Tesla shares in the second quarter, according to a regulatory filing this week, Bloomberg and Barron’s reported. The stock backed by …

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Ryan Cohen cashed in on Bed Bath & Beyond stock for over $58 million in profit;  stocks plummet again

Ryan Cohen cashed in on Bed Bath & Beyond stock for over $58 million in profit; stocks plummet again

Investor Ryan Cohen has confirmed that it will acquire its entire stake in retailer Bed Bath & Beyond Inc. sold for a profit of more than $58 million, and that its shares plunged for the second consecutive day in after-hours trading on Thursday. A filing with the Securities and Exchange Commission made public after markets …

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Ivermectin among generics that failed to help COVID-19 patients avoid hospitalization, large studies show

Ivermectin among generics that failed to help COVID-19 patients avoid hospitalization, large studies show

A new study found that three generic drugs — fluvoxamine, commonly prescribed to treat depression, the controversial antimalarial drug ivermectin and the diabetes pill metformin — failed to prevent the kind of severe COVID-19 that leads to emergency room visits or hospitalization. The study, published Wednesday in The New England Journal of Medicine, examined whether …

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