News – Robinhood: Could it steal customers from the banks?

Robinhood turns personal finance upside down – again

(Note: all the sources listed in the “Balanced” section) 

Robinhood shocked both regulators and the financial industry when the stock-trading app announced in December that it would offer a no-fee checking and savings accounts that will pay a whopping 3% in interest. This will press traditional banks to compete given the current average U.S. savings account rate is 0.09%.

Robinhood first sent a shock to the brokerage system by allowing online investors to buy stocks, ETFs, options, and cryptocurrencies all free of commission in 2015. With its latest move, Robinhood could turn the financial industry on its head once again.

News – Holiday Havoc: Why December turned into a tough time for investors

Holiday Havoc: Why December turned into a tough time for investors

{Note: all the sources listed
in the “Balanced” section}

December has become a roller coaster for investors.  They’ve seen the VIX (CBOE Volatility Index) rose over 47% between December 17th to December 24th. That’s on top of concerns over trade tensions between the United States and China, tightening financial conditions, a worsening outlook for corporate earnings growth in 2019, and the possibility the yield curve is inverting, which is widely seen as a potential harbinger of recession, all have combined to create the market’s greatest fear: Uncertainty.

As of Thursday’s market close, the Dow Jones Industrial Average was down 14% from its peak in October, and all other U.S. stock markets are now in, or near, bear territory.

News – The Fed raised its rates, now what?

The Fed raised its rates, now what?

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In December, 2018, the Federal Reserve raised its benchmark Federal Fund rates 0.25% to a targeted level of 2.25-2.50%.  The increase marks the ninth time it’s raised rates since 2015 and the fourth time in 2018.  The Fed took a slightly more dovish approach indicating that it now expects two additional rate hikes in 2019, down from three, and described a neutral level to be 2.8%, which is down from 3.0%. 

Although the rate increase was largely expected, the Dow closed more than 350 points in the red after the afternoon announcement.  The rate increase is being criticized by many political and economic pundits.  So, is the Fed being overly cautious in raising rates, or are rate increases needed to prevent the economy from overheating? 

News – Polo-like kinases inhibitors are novel drug targets of cancer therapeutics

Polo-like kinases inhibitors are novel drug targets of cancer therapeutics

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We will lose an estimated 9.6 million people due to cancer this year according to the World Health Organization.  The report, published in September, also says that cancer is now the second leading cause of death across the globe.

Doctors today are turning to Polo-like kinases in order to develop anti-cancer drugs.

According to an article in the health journal Molecular Cell , “about 150 kinase-targeted drugs are currently being tested in clinical trials, followed by many kinase-specific inhibitors advancing in preclinical stage of drug development.”

News – Can manufacturing keep up with demand for biologic drugs?

Can manufacturing
keep up with demand for biologic
drugs?

Biologic drugs or “biologics” are therapeutic agents extracted or partially synthesized from biological sources, and the demand for them is growing. 

This year alone 37% of the drugs the U.S. Food & Drug Administration approved have been biologics and they make up an estimated 70% of the top selling drugs in the marketplace.

Now, the manufacturers are facing a critical decision.  Do they keep sailing the current course when it comes to production?  Or do they seek out new ways to improve?

News – HIV – Could there be a cure?

Finding a cure for HIV infection; promise or reality?

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Anti-retroviral therapy (ART), or highly-active-antiretroviral
therapy (HAART), is effective in halting progression of HIV infection. However,
the HIV virus, despite of the treatment, remains hidden in the human body. In
2017, existing medications for the treatment of HIV infection such as Gilead’s
Genvoya and Merck’s Isentress had annual sales of $3.67 billion and $1.2 billion,
respectively. Notwithstanding their commercial success, these medicines do not
cure the disease. The HIV virus often remains hidden in the human body in
reservoirs such as dendritic cells, macrophages, and CD4+
lymphocytes. Since HIV was first detected in 1983, the medical community have
intensively searched for a cure for HIV infection.

The
Story of the Berlin Patient. 
In 2007, Timothy Ray Brown, an American studying in Berlin,
Germany, was treated with a hematopoietic stem cell transplant. Two years
earlier, Mr. Brown had been diagnosed with a type of blood cancer known as acute
myeloid leukemia (AML). Besides its cancer diagnosis, Timothy was infected with
the Human Immunodeficiency Virus (HIV). Dr. Gero Hütter, a German doctor from
the Charité Hospital, Berlin University of Medicine, performed the transplant. At
the time, Dr. Hütter had never treated an HIV patient before Timothy, but he
had learnt about a rare genetic mutation causing natural resistance to HIV
infection. Based on this information, Dr. Hütter found a stem-cell donor
carrying this specific mutation. He performed the transplant on Mr. Brown using
these mutated cells.

The procedure resulted in a surprising outcome as Timothy’s HIV
infection disappeared after the transplant. The HIV virus could not be detected
on his blood, not even with the most sensitive diagnostic techniques such
polymerase chain reaction (PCR) methods. Timothy Ray Brown was cured of his HIV
infection. He became famous in the medical community. Timothy is now known as
the Berlin patient (https://www.youtube.com/watch?v=f6DXqGZt_Fw). The story of the Berlin patient triggered significant interest in both academy and industry, setting off a golden rush to find a sterilizing cure for HIV infection. Timothy’s transplant treatment was done from a donor carrying a mutation in a gene known as CCR5, which happens to be the site of entry utilized by HIV virus to infect immune system cells (New England Journal of Medicine 2009, 360, 692-698). The CCR5 protein receptor is expressed on the surface of lymphocytes T, which are the predominant target cell for the virus. Two cell receptors, CD4+ and CCR5, are utilized by HIV to enter the cell. The virus cannot enter and infect cells with a defective CCR5 receptor. As a result, HIV cannot find a home, the patient’s viral load gradually decreases, and eventually the virus fizzles out. This is probably what transpired during Mr. Brown’ treatment procedure. The fact of the matter is that the virus became undetectable in Timothy’s body. He stopped taking any medication for HIV, although he continued to undergo treatment for his blood cancer. Since then, Timothy has remained HIV negative. He has been cured from his HIV infection.