Shanghai Pharma's HK shares set for worst day in 10 months on discounted share sale
** Hong Kong-listed shares of Shanghai Pharmaceuticals Holding Co Ltd fall as much as 7.4% to HK$16.40, their lowest since April 19. ** Stock on course for the worst session since July 16, 2020. ** Dual-listed Shanghai Pharmaceuticals plans sale of 14.4 bln yuan A-shares to Shanghai Tandong Enterprise Consulting Services Co and Yunnan Baiyao Group Co. , raising proceeds to repay debt and for working capital. ** Co plans sale of an aggregate 852.6 mln A shares at 16.87 yuan apiece, versus Tuesda
Bill and Melinda Gates are getting divorced. Here are some stocks they owned
Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoftfounder and his partner of 27 years may send shockwaves across their projects.In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway, Waste Management, Caterpillar, Canadian National, Walmart, EcoLab, Crown Castle,
Electric-car companyTeslahas now produced a profit for seven consecutive quarters. Tesla managed aGAAPnet income of $438 million in the first quarter, up from just $16 million one-year prior. It would appear, at least at first glance, that the electric-vehicle pioneer is on the right track in terms of profitability.The problem is that these profits aren't really coming from the cars that Tesla sells. The company currently generates hundreds of millions of dollars in pure profit each quarter fro