Journalist. Husband. Father. Fly Fisherman. Skier. Canadian. I do interviews on @BloombergTV. Instagram: @eschatzker

Claims of St. Jude device hack risk may affect Abbott acquisition

dailyherald.com — Carson Block, the renowned short-seller and founder of research firm Muddy Waters LLC, has taken a short position in St. Jude Medical Inc., denouncing the security of its cardiac devices in an effort that could derail the company's purchase by Libertyville Township-based Abbott Laboratories.

Carson Block Takes on St. Jude Medical With Claim of Hack Risk

bloomberg.com — Carson Block, the renowned short-seller and founder of research firm Muddy Waters LLC, is pulling out all the stops to break up an acquisition and tank the stock of device maker St. Jude Medical Inc. by exposing possible hacking vulnerabilities. In a report to investors Thursday, Block warned that tens of thousands of Americans are living with ticking-time bombs: St.

How Colony Capital CEO Tom Barrack Became a Bordeaux-Style Winemaker

bloomberg.com — Billionaire Tom Barrack made his fortune making contrarian bets in real estate. So when it came to getting his family into the wine business, he saw no point buying a trophy property-at trophy prices-in Bordeaux or Napa, Calif. Instead, he bought a 1,300-acre ranch an hour north of Santa Barbara, Calif., and planted his own vines.

Bill Gates Says U.S. Drug Pricing System OK

realclearscience.com — Billionaire Bill Gates, whose foundation seeks to spread modern medicine through the developing world and wipe out diseases of the poor such as malaria, said he supports the U.S. drug pricing system...

Bill Gates Calls U.S. Drug Pricing System ‘Better Than Most’

bloomberg.com — Billionaire Bill Gates, whose foundation seeks to spread modern medicine through the developing world and wipe out diseases of the poor such as malaria, said he supports the U.S. drug pricing system even as politicians have intensified their criticism of high costs.

Active Managers Seen Needing to Shed as Much as $10 Trillion

bloomberg.com — Active investment managers may need to shrink assets by as much as 30 percent if they want to beat industry benchmarks, Peter Kraus, chief executive officer of AllianceBernstein Holding LP, said.

Mahindra Chief Sees Modi Sparking Potential in India Economy

bloomberg.com — Anand Mahindra, chairman of India's Mahindra group, is optimistic that the nation's economy is poised to "surprise on the upside" thanks to the business-friendly policies of Prime Minister Narendra Modi. "What I give him 100 percent marks for is bringing in transparency in big business," Mahindra said of Modi in an interview Monday on Bloomberg Television.

Oil at $45 proving no savior as bankruptcies pile up

worldoil.com — By Asjylyn Loder, Erik Schatzker on 5/13/2016 HOUSTON (Bloomberg) -- Three bankruptcies this week shows that $45/bbl oil isn't enough to rescue energy companies on the verge of collapse. Since the start of 2015, 130 North American oil and gas producers and service companies have filed for bankruptcy owing almost $44 billion, according to law firm Haynes & Boone.

Aramco IPO May Signal Concern Over Oil’s Future, Chanos Says

bloomberg.com — Saudi Arabia's plan to sell part of its stake in state-controlled oil producer Aramco may suggest the kingdom's leaders are worried about the long-term prospects for crude demand and prices, said short-seller Jim Chanos, founder of Kynikos Associates. "What is Saudi Arabia telling us if they want to get out, want to sell 20 percent to you?"

Oil at $45 a Barrel Proving No Savior as Bankruptcies Add Up

bloomberg.com — Three bankruptcies this week shows that $45 a barrel oil isn't enough to rescue energy companies on the verge of collapse. Since the start of 2015, 130 North American oil and gas producers and service companies have filed for bankruptcy owing almost $44 billion, according to law firm Haynes & Boone.
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Aug 25, 2016

Serious allegation: St. Jude pacemakers, defibrillators can be hacked easily, says @muddywatersre. Watch  http://bloomberg.com/live  now. $STJ

Aug 18, 2016

One of the world's best investors (Howard Marks) thought about Brexit and the presidential race and wrote this:  https://www.oaktreecapital.com/docs/default-source/memos/political-reality.pdf 


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