Asian stock markets rebound, following Wall Street higher. UK economy flat-lines in Q4 amid Brexit and election clouds. US says Chinese military stole masses of Americans' data.
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The Early Bird Newsletter

Tuesday, February 11th

S and P pricesDow pricesQQQ prices
Jay Woods
Tech

Asian stock markets rebound, following Wall Street higher

Asian stock markets followed Wall Street higher on Tuesday, at least temporarily shaking off jitters about China's virus outbreak. Benchmarks in Hong Kong and South Korea rose, rebounding from big declines Monday, and Shanghai also advanced. Tokyo fell for a second day. ...

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UK economy flat-lines in Q4 amid Brexit and election clouds
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UK economy flat-lines in Q4 amid Brexit and election clouds

Uncertainty related to Brexit seems to have weighed heavily on the British economy during the final quarter of 2019 as output flat-lined, official data showed Tuesday. In its first assessment of the quarter as a whole, the Office for National Statistics said increases in the services ...

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Equifax Inc.
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US says Chinese military stole masses of Americans' data

Four members of the Chinese military have been charged with breaking into the computer networks of the Equifax credit reporting agency and stealing the personal information of tens of millions of Americans, the Justice Department said Monday, blaming Beijing for one of the largest hacks in history t...

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Global stock turn higher as investors watch virus impact
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Global stock turn higher as investors watch virus impact

Global stock markets turned higher on Tuesday, at least temporarily shaking off jitters about China's virus outbreak. Indexes in London and Frankfurt advanced in Europe, while Shanghai, Hong Kong and Seoul closed higher. Tokyo fell for a second day. “Concerns over the c...

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Amid uncertainty, French wine industry puts itself on show
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Amid uncertainty, French wine industry puts itself on show

France's big wine industry, shaken by U.S. President Trump’s painful tariff hikes and the threat of climate change, is hoping to re-energize global interest in its products with a big trade fair in Paris. Two thousand winemakers - including giant Moet-Hennessy - are wooing some 30,000...

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Nicola Sturgeon
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Scottish government leader urges UK to stick to EU standards

The leader of Scotland's government warned Monday that Britain would pay a “heavy cost" if it abandons European Union rules and standards after a post-Brexit transition period expires at the end of the year. Scottish First Minister Nicola Sturgeon also reiterated her desire for a ref...

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China's daily death toll from virus tops 100 for first time
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China's daily death toll from virus tops 100 for first time

China's daily death toll from a new virus topped 100 for the first time and pushed the total for the outbreak above 1,000, authorities said Tuesday, after leader Xi Jinping visited a health center to rally public morale amid little sign the contagion is abating. More offices and store...

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Saifuddin Abdullah, Dominic Raab
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Britain says 'open for business,' seeks deeper ASEAN ties

Britain's foreign secretary says it sees huge trading opportunities in Southeast Asia and seeks to build a "new modern and dynamic” relationship with the region's 10 countries after leaving the European Union

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Sony, Amazon, others drop out of big tech show over virus
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Sony, Amazon, others drop out of big tech show over virus

Two big Japanese companies are the latest to pull out of a major European technology show due to fears over the outbreak of the new coronavirus. Electronics manufacturer Sony and mobile phone carrier NTT DoCoMo said Monday they're scrapping their appearances at Mobile World Congress, ...

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Judge stalls Uber, Postmates challenge to California job law
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Judge stalls Uber, Postmates challenge to California job law

A federal judge on Monday refused to exempt ride-hailing company Uber and on-demand meal delivery service Postmates from a broad new California labor law while she considers their lawsuit. U.S. District Judge Dolly Gee in Los Angeles denied the companies' request for a preliminary inj...

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Trump budget targets loan program that could help Lordstown
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Trump budget targets loan program that could help Lordstown

The Trump administration’s budget proposal scraps a loan program that could help an upstart electric vehicle company’s plans to reuse the now-closed General Motors factory in Lordstown, Ohio. In a summary of the budget for the coming fiscal year, the administration said Monday it want...

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Trump's $4.8 trillion budget proposal revisits rejected cuts
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Trump's $4.8 trillion budget proposal revisits rejected cuts

President Donald Trump unveiled a $4.8 trillion election year budget plan on Monday that recycles deep, previously rejected cuts to domestic programs like food stamps, Medicaid, and housing as the recipe for wrestling the federal budget back into balance. Trump’s fiscal 2021 plan prom...

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Amazon wants to question Trump over losing $10B contract bid
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Amazon wants to question Trump over losing $10B contract bid

Amazon wants President Donald Trump to submit to questioning over the tech company's losing bid for a $10 billion military contract. The Pentagon awarded the cloud computing project to Microsoft in October. Amazon later sued, arguing that Trump's interference and bias against the comp...

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The Early Bird Stock Of The Day

GALAPAGOS NV/S

GALAPAGOS NV/S

Galapagos NV, a clinical-stage biotechnology company, discovers, develops, and commercializes novel medicines. Its clinical stage programs include filgotinib, which is in Phase III clinical trials for the treatment of rheumatoid arthritis and Crohn's disease, Phase 2/3 trials for ulcerative colitis, and Phase II trials for multiple additional indications; GLPG1690, an autotaxin inhibitor, which is in Phase III clinical trial for the treatment of idiopathic pulmonary fibrosis; GLPG1972 that completed Phase 1b clinical trial for the treatment of osteoarthritis; and MOR106, which is in Phase II trials for atopic dermatitis patients. The company has collaboration agreement with Gilead Sciences, Inc. for the development of filgotinib for inflammatory indications; Servier to develop GLPG1972; AbbVie for the discovery, development, and commercialization of potentiator and corrector molecules for the treatment of cystic fibrosis, as well as with MorphoSys for MOR106; and Evotec AG for the novel target for fibrosis and other indications. Galapagos NV was founded in 1999 and is headquartered in Mechelen, Belgium.

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