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’Tamiflu resistance, Japanese ducks and dumb luck
John Hempton at Bronte Capital is the archetype of the polymath hedge fund manager. In a piece posted on his blog on Friday, Hempton describes why he advised his clients to go long Biota Holdings, an Australian drug development company which own a 7 percent royalty on all sales of GlaxoSmithKine’s Relenza.
Saying Boo! to the Flu, and the Plague
One man’s deadly pandemic appears to be another man’s revenue boost, given all the excitement surrounding makers of anti-virals and vaccines for swine flu.
But other, more pedestrian businesses are also cashing in on the H1N1outbreak. Take Clorox,
The finance of flu
With the British Chamber of Commerce hosting an online seminar on Tuesday to discuss the potential impact of swine flu on businesses, it is probably an apt time to look back at the effects of the last great influenza pandemic — that of Spanish flu in 1918 — on the financial services industry.
GSK’s swine flu arsenal grows
GlaxoSmithKline moved on Wednesday to become the pharmaceuticals company with the broadest range of products to tackle swine flu. The UK group unveiled plans to add masks and diagnostics to its vaccines and antiviral medicines business.
Drug groups to reap swine-flu billions
Some of the world’s leading pharmaceutical companies are reaping billions of dollars in extra revenue amid global concern about the spread of swine flu. Analysts expect to see a boost in sales from GlaxoSmithKline,
Swine flu hits Citi
Capitalist pigs.
There we said it.
——————
From DealBreaker:
To: Employees on the 4th floor of 390 Greenwich St.
From: Citi Health Services
Sent: Wed Jul 01 13:18:27 2009
Subject:
“The Lehman Brothers bankruptcy is fading into history”
Bloomberg appears to be a paid-up member of the green shoots brigade, if recent stories are any indication. On Monday, the newswire ran a piece trumpeting bond traders’ belief that the memory of Lehman’s collapse was no longer cause for angst:
Swine flu spreads to 11 countries
Swine flu reached 11 countries, as governments closed schools, planned for vaccine production and tapped emergency stockpiles of antiviral medicine, reports Bloomberg. More than 250 people have swine flu confirmed by genetic tests,
Swine flu spread points to pandemic
Barack Obama sought an extra $1.5bn from Congress on Tuesday to battle the spread of swine flu, as he called for funds to build stockpiles of antiviral drugs and vaccines as other countries took measures against a likely global pandemic.
Moody’s warns on swine flu impact
As concerns over a swine flu pandemic continued to affect the financial markets, Moody’s estimated in a research note on Tuesday that the macroeconomic impact of a mild flu pandemic could cost 1.4m lives and reduce global GDP by 0.8% or $330bn.
How the failure of Lehman Bros is like SARS, and swine flu
It’s not great timing, given the the outbreak of swine flu, but it is, nevertheless, the theme of the latest publication from the Bank of England.
From a transcript of a speech (with charts) by Andrew Haldane,
Mexic-oh no
The outbreak of swine flu couldn’t have come at a worse time for Mexico, really.
The government has been struggling to revive the country’s economy, trying to reduce interest rates while fighting inflation and a weakening local currency.
Fears grow of swine flu pandemic
Financial markets gyrated on Monday amid escalating fears that a swine flu outbreak that began in Mexico could turn into a global pandemic, as the WHO raised its assessment of the H1N1 virus to a ”significant risk” and increased its alert to an unprecedented phase four.
Swine flu hits the UK
RTRS – UK HEALTH OFFICIALS SAY TWO PEOPLE TEST POSITIVE IN BRITAIN FOR H1N1 SWINE FLU
- In Airdrie, Scotland.
(A Cobra meeting is understood to be in session currently, chaired by Alan Johnson)
Update @19:40 Scottish Health Minister says seven people that have come into contact with the two Airdrie cases are now displaying symptoms of Swine Flu.
No need to worry anyone, but…
From Reuters, Monday afternoon:
RTRS-WHO SPOKESMAN SAYS EMERGENCY COMMITTEE COULD DECIDE TO RAISE PANDEMIC ALERT LEVEL TO PHASE 4 OR 5 FROM PHASE 3
RTRS-WHO SPOKESMAN SAYS WORK HAS BEGUN TO PRODUCE A SWINE FLU VACCINE
RTRS-WHO SPOKESMAN SAYS CONFIRMED SWINE FLU CASES — 40 IN US,
Calm down, people – swine flu does not affect livestock
Dennis Gartman of the Gartman Letter notes on Monday morning the degree to which swine flu ‘news-telling’ itself has become something of a pandemic.
Unsurprisingly, he notes, commodity prices have been affected.
Swine flu triggers global alerts
Governments and health authorities worldwide are on alert for a possible influenza pandemic as the death toll from a new strain of swine flu in Mexico reached 81, reports the FT. Bloomberg adds that new illnesses also were confirmed in Canada on Sunday,