HALISTER: BHP, Glencore Said to Bid for Anglo’s Australian Coal Mines

BHP, Glencore Said to Bid for Anglo’s Australian Coal Mines

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
AAL LN (Anglo American PLC)
BHP AU (BHP Billiton Ltd)
GLEN LN (Glencore PLC)
1363438D US (Anemka Resources LLP)

People
Energy Resources LLC (Energy Resources LLC)
Mark Cutifani (Anglo American PLC)
Nathan Tinkler (Australian Pacific Coal Ltd)

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UUID: 7947283

HALISTER: *YANZHOU, APOLLO-XCOAL CONSORTIUM ALSO SAID TO BID FOR MINES

*YANZHOU, APOLLO-XCOAL CONSORTIUM ALSO SAID TO BID FOR MINES

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
APO US (Apollo Global Management LLC)
8490377Z US (Xcoal Energy & Resources LLC)
1171 HK (Yanzhou Coal Mining Co Ltd)
1363438D US (Anemka Resources LLP)
AAL LN (Anglo American PLC)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: Revised Productivity Data Due in 5 Minutes

U.S. ECO PREVIEW: Revised Productivity Data Due in 5 Minutes

(Bloomberg) -- Non-farm productivity seen falling 0.6% in revised govt data covering 1Q vs initially reported decline of 1% (forecast range -1% to 0%)
  • In initial report, data showed business costs rose by most in more than yr
  • 4Q productivity fell 1.7%; 3Q rose 2%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Brazil’s BCB May Use FX or Hold Rate to Curb Inflation: Infinity

Brazil’s BCB May Use FX or Hold Rate to Curb Inflation: Infinity

(Bloomberg) -- Above-est. inflation in Brazil may be a hurdle for potential monetary easing by the central bank, Jason Vieira, economist at Infinity Asset, says in a e-mailed note.
  • NOTE: May IGP-DI Inflation Index 1.13% m/m; median est. 0.89%, highest est. 1%
  • “In this scenario of additional pressure of prices, the BCB monetary committee work to start the monetary easing suffers another setback”
    • BCB may use FX to alleviate the prices, which could be negative for the adjustment of external accounts
    • If central bank opts to not use FX, BC could leave the rate cut until October
    • NOTE: DI market projects rates cut starting in July
    • Ilan Goldfajn, appointed by acting president Temer to head BCB, is scheduled for a hearing in Senate today
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Ilan Goldfajn (Banco Central do Brasil)
Michel Temer (Federative Republic of Brazil)

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UUID: 7947283

HALISTER: MORE: Biogen Falls 9% After Anti-LINGO Misses Study Endpoints

MORE: Biogen Falls 9% After Anti-LINGO Misses Study Endpoints

(Bloomberg) -- Biogen trades as low as $262 on pre-market vol. >20k shares.
  • Says opicinumab (anti-LINGO-1) missed primary endpoint evaluating physical function, cognitive function and disability in Phase 2 multiple sclerosis study.
  • BIIB says evidence of clinical effect seen with complex, unexpected dose-response
  • Opicinumab also missed secondary endpoints evaluating slowing of disability progression
  • BIIB continues to analyze results to inform design of next study
  • NOTE: Anti-LINGO one of key drugs in BIIB’s pipeline
    • April 14, Biogen’s Anti-Lingo-1 Benefit Persists in 32- Week Data: Study Link
Link to Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
BIIB US (Biogen Inc)

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UUID: 7947283