HALISTER1: Fed Now Seen Hiking in Sept. Instead of June, TD Says

Fed Now Seen Hiking in Sept. Instead of June, TD Says

(Bloomberg) -- FOMC statement released Wed. suggests “little urgency to set up for a hike” in June, TD strategists David Tulk and Millan Mulraine write in note.
  • Nothing in statement “sets up a June hike”
  • TD pushes back its expectation for next hike to Sept. from June
    • Before FOMC mtg, TD had expected hikes in June and Dec.
  • Tone of statement reflects data dependency, along with less concern on “external front balanced by an increase in domestic worries”
  • “Case for caution remains”
  • Recommends 10Y TIPS breakevens, says nominal 10s should stay in 1.65%-2% range
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
David Tulk (Toronto-Dominion Bank/The)
Millan Mulraine (TD Securities USA LLC)

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UUID: 7947283

HALISTER: Pfizer to Pay $784.6 Million to Resolve Drug Discount Case (2)

Pfizer to Pay $784.6 Million to Resolve Drug Discount Case (2)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
PFE US (Pfizer Inc)

People
Benjamin Mizer (United States Department of Justice)
Carmen Ortiz (United States Attorney's Office For The District Of Massachusetts)
Douglas Lankler (Pfizer Inc)
Jeanne Markey (Cohen Milstein Sellers & Toll PLLC)

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UUID: 7947283

HALISTER: Yahoo Reaches Agreement With Starboard, Averting Proxy War (2)

Yahoo Reaches Agreement With Starboard, Averting Proxy War (2)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
YHOO US (Yahoo! Inc)
0290875D US (Starboard Value LP)

People
Eddy Hartenstein (Directv Group Inc)
Jeffrey Smith (Starboard Value LP)
Marissa Mayer (Yahoo! Inc)
Tor Braham (Deutsche Bank AG)
Colin Gillis (BGC Partners Inc)

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UUID: 7947283

HALISTER: Bank of America Still Has Expenses to Trim, CEO Moynihan Says

Bank of America Still Has Expenses to Trim, CEO Moynihan Says

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BAC US (Bank of America Corp)
WFC US (Wells Fargo & Co)

People
Brian Moynihan (Bank of America Corp)
Jack Bovender (Duke University)
Paul Donofrio (Bank of America Corp)

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UUID: 7947283