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FDA and Nektar both shock on company’s opioid drug candidate; I’d buy more on weakness

Yesterday an advisory joint committee at the U.S. Food & Drug Administration voted to reject Nektar's application for its new non-addictive opioid NKTR-181. The thinking--my thinking--was that the committee had structured the vote so that the most likely outcome was a narrow approval of the drug candidate that required further clinical trials by Nektar. Nope. The advisory committee voted for an outright rejection and the vote wasn't even close at 27-0 against. Shock #1. Shock #2.

Keep it Simple Podcast - Ep 4: 4 Common Missteps Before and During Retirement

Should you continue to work in retirement? How do you make sure you rebalance correctly? How do you understand the impact of medical costs? And, when is the best time to take social security?<br /><br />Michael and Adam tackle 4 common missteps in retirement.<br /><br />Based on this article: https://www.investopedia.com/retirement/how-sabotage-your-retirement/<br /><br /> <br /><br />Listen Now:<br /><br /><br /><br />

There’s no inflation, the Federal Reserve says. You feel that’s wrong–and know what? You’re actually right

Two days after the last Federal Reserve meeting on December 11--where they told us again that inflation continues to fall below the Fed's 2% threshold and that, therefore, there's no inflation to worry about--I walked into my favorite New York bagel shop, Absolute Bagel, to discover that the bagel bakery had posted new prices: Bagels would climb to $1.50 each from $1.25 where they had been priced for years. (I can remember a $1 bagel at Absolute but the price is lodged somewhere in the back of my memory along with a competent Knicks basketball team and the days when Greeks actually ran Greek diners.) How can the price of a bagel go up by 20% in an economy with no inflation? You've probably asked yourself a similar question after getting a higher bill from your wireless phone provider, or when buying chicken, or after paying the co-pay for your kid's last physicalFor an economy with no inflation, it sure feels like there's a lot of inflation going on.

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