Here’s our page 1 this week for Structured Notes — Morgan Stanley is the No. 1 issuer in the U.S. for the first time since August 2011, Incapital sues employees they say resigned after stealing proprietary secrets, and Swapnil Pawar talks about why he’s bullish on the India market.
Air Lease expects to issue $500 million to $1 billion of new debt annually to help pay for the almost $1.5 billion a year in aircraft acquisition commitments it has scheduled. It will mainly target unsecured fixed-rate debt. Click here to read more
Pfizer’s novel rheumatoid arthritis drug (RA) Xeljanz has had a strong launch in the U.S. Initial analysis of prescription data from Symphony Health Solutions suggests that Xeljanz use will not be limited to patients who have an inadequate response to TNF inhibitors, which currently dominate the market. Additional data on a higher dose and use [...]
Small firms would benefit from more lenient regulation — including less financial disclosure — according to a plan for a new small-company stock exchange that a U.S. Securities and Exchange Commission panel put forward last week, the panel’s chairman said. Click here to continue reading.
Will there be a “great rotation” out of credit into equity, and how will that play out in the structured note industry? Our lead story this week is on our front page, which you can view here.
Texas’s school-finance system is unconstitutional because it falls short of the state’s obligation to provide an adequate and equitable public education to all children, a judge ruled. “Read more>>”
BlackRock and PNC Financial Services view CLOs as offering some of the best value in the credit markets after securitized debt rallied last year. Click here to continue reading.
Lexicon may be able to secure a partner for diabetes drug LX4211 following the favorable review of Johnson & Johnson’s Invokana by a panel that met to advise the FDA ahead of its decision on approval. The company has said it wants to seal a partnership for the drug before launching Phase III trials, which [...]
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Investor confidence in U.S. municipal debt is the highest since 2011, signaling more gains with local governments showing the fewest defaults since at least 2009 while revenue recovers to prerecession levels. Click here to continue reading.