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Back in the second quarter of 2017, Bloomberg’s Joe Weisenthal suggested that going long assets that journalists flag as in bubble territory would make for a great exchange-traded fund. Paul McNamara, who helps oversee some $135 billion as investment director at GAM Investments in London, took him up on it — in theory, anyway.
Mallinckrodt Plc shares tumbled Tuesday after the drug company said it has filed suit against the U.S. Department of Health and Human Services (HHS) and Centers for Medicare and Medicaid Services (CMS) to protect Medicaid patient access to its Acthar gel.
The head of the Boston Federal Reserve said he sees “no clarion call” to raise interest rates any time soon, suggesting the central bank’s hands-off approach could help counter the risk of dangerously low inflation.