Blog Posts by Daniel Gross

  • Spain's crisis-hit Socialists face leadership showdown

    Spain's crisis-hit Socialists are gathering for a key meeting on Saturday that may help end the country's prolonged political deadlock and decide the fate of embattled party leader Pedro Sanchez.

    The roughly 300 members of the party's federal committee -- its de-facto parliament -- have been summoned to the Socialist headquarters in Madrid for a showdown between allies of Sanchez and opponents who want him out.

    The outcome could see the party lift its veto on a new government led by acting conservative Prime Minister Mariano Rajoy, a move that could be key to unblocking Spain's nine-month political paralysis.

    Since December 2015, the country has been without a fully-functioning executive as rivals fail to agree on a government following two elections in which none of the main parties won an absolute majority.

    Even Rajoy, whose Popular Party won both elections though without enough seats to rule alone, was forced into negotiating a minority government which was voted down in parliament

    Read More »from Spain's crisis-hit Socialists face leadership showdown
  • Mega-Hurricane Matthew threatens Jamaica, Haiti, Cuba

    KINGSTON, Jamaica (AP) — Hurricane Matthew is roaring across the Caribbean Sea as a monster Category 5 storm on a course that puts Jamaica, as well as parts of Haiti and Cuba, in the path of its potentially devastating winds and rain.

    The U.S. National Hurricane Center called it the strongest Atlantic hurricane since Felix in 2007, and said Matthew will be approaching Jamaica late Sunday night. It is expected to reach the eastern part of the island on Monday.

    Jamaicans began clearing out store shelves as they stocked up emergency supplies and Prime Minister Andrew Holness on Friday called an urgent meeting of Parliament to discuss preparations for the storm.

    "I left work to pick up a few items, candles, tin stuff, bread," 41-year-old Angella Wage said at a crowded store in the Half Way Tree area of the capital, Kingston. "We can never be too careful."

    Evan Thompson, director of Jamaica's National Meteorological Service, said the first effects of the storm may be felt as early as Saturday.

    Read More »from Mega-Hurricane Matthew threatens Jamaica, Haiti, Cuba

    Khang & Khang LLP (the “Firm”) announces a class action lawsuit has been filed against Seres Therapeutics (“Seres” or the “Company”) (MCRB). Investors who purchased or otherwise acquired shares between June 25, 2015 and July 29, 2016 inclusive (the “Class Period”), are encouraged to contact the Firm prior to the November 28, 2016 lead plaintiff motion deadline.

    If you purchased shares of Seres during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at

    There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

    The complaint alleges that during the Class Period, Seres

    Read More »from IMPORTANT INVESTOR ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Seres Therapeutics, Inc. and Encourages Investors with Losses to Contact the Firm
    Khang & Khang LLP
    Joon M. Khang, Esq.
    Telephone: 949-419-3834
    Facsimile: 949-225-4474
  • Talk of sex tapes take presidential campaign on sordid turn

    GRAND RAPIDS, Mich. (AP) — Donald Trump is encouraging voters to check out a "sex tape" featuring the former beauty queen with whom he's feuding. Hillary Clinton's campaign is suggesting that a better rental is the adult film in which Trump himself appears.

    With the presidential campaign taking a sordid turn Friday, even many of Trump's supporters shook their heads, worried that their candidate's latest outburst could further hurt him among female voters already skeptical but whose support he'll badly need to win in November.

    The Republican nominee's a pre-dawn Twitter tirade tore into the 1996 Miss Universe, Alicia Machado, a Venezuela-born woman whose weight gain Trump has said created terrible problems for the pageant he owned at the time. Clinton had cited Trump's treatment of Machado near the end of their first debate, and Trump has spent days revisiting his complaints about Machado.

    "Did Crooked Hillary help disgusting (check out sex tape and past) Alicia M become a U.S. citizen so

    Read More »from Talk of sex tapes take presidential campaign on sordid turn
  • Northern Vertex Chairman Re-Appointed as President and CEO to Spearhead Development of Moss Gold-Silver Project to Commercial Production

    Ken Berry, Co-Founder and Chairman Will Lead Mine Expansion and Finance Team; Project Mine Manager, Dr. David Stone, Will Oversee Mine Build, Head Design & Construction Team in Arizona

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 1, 2016) - Northern Vertex Mining Corp. (TSX VENTURE:NEE) (the "Company") announces that effective immediately, Ken Berry, B.Comm, has been re-appointed as the Company's President and Chief Executive Officer, replacing incumbent President and CEO Dick Whittington, who has resigned from the Company. Mr. Berry is co-founder as well as Chairman of the Company and has played an instrumental role in acquiring the Moss project as well as helping to raise in excess of $47 million to advance the Company's now 100% owned Moss Mine Gold-Silver project in Western Arizona from the exploration stage to final feasibility. Mr. Berry will also assume the role of President at the Company's wholly owned Arizona subsidiary, Golden Vertex Corp.

    Chairman and CEO Ken Berry states; "On behalf of our entire Board, I would like to thank Dick for his leadership during his tenure as CEO of the Company. Dick has played a key role in getting the Company

    Read More »from Northern Vertex Chairman Re-Appointed as President and CEO to Spearhead Development of Moss Gold-Silver Project to Commercial Production
    Investor Relations
    604-601-3656 or at 1-855-633-8798

  • [$$] Butter Is Starting to Melt

    Bloomberg Commodity Index Americans’ renewed appetite for full-fat foods pushed butter prices to a record peak above $3 a pound in 2014 and that high again in 2015, but they’ve softened so far this year. Prices for spot butter traded on the Chicago Mercantile Exchange are down 8.8% this year, to $1.8975 at the close on Friday, Sept. 30. Analysts warn the decline probably has further to go. The problem is bulging inventory. Butter stockpiles stood at 322,219,000 pounds at the end of August, according to the U.S. Department of Agriculture, up 52% from a year ago and hovering near a 23-year high. “We’ve got too much butter, that’s clear,” says Tom Bailey, executive director for dairy research at Rabobank in New York. “We’re seeing prices coming under pressure. It’s now more of a buyer’s market.” Investors who want to bet on butter prices can invest in futures traded on the CME, though it’s worth noting that the speculative market for such contracts is small.

    Read More »from [$$] Butter Is Starting to Melt
  • Florida Senate: Underdog struggles against incumbent Rubio

    TALLAHASSEE, Fla. (AP) — A Democratic congressman with little name recognition is struggling to stop Florida's GOP Sen. Marco Rubio from being re-elected as Republicans pour millions into adds attacking the underdog — Patrick Murphy.

    Lately, Rubio and outside Republican groups have outspent Murphy and Washington Democrats more than 3-to-1 with ads blasting Murphy for embellishing his resume, calling him "untrustworthy." So far the Democratic Party arm in Washington focused on overturning GOP control of the Senate on Election Day seems hesitant to fight back for Murphy, who's still introducing himself to voters statewide.

    The Democratic Senatorial Campaign Committee is cutting back a planned advertising blitz in Florida, canceling ads into early October though it says it stands behind Murphy. It could be part of a strategy to switch to states where TV advertising costs far less and Democrats have better chances in November.

    Murphy said he's not worried, confident of overcoming the ad

    Read More »from Florida Senate: Underdog struggles against incumbent Rubio
  • [$$] Honeywell makes plans to close UK defined benefit pension scheme

    Honeywell has made plans to close its UK defined benefit pension scheme, which has put the US industrial giant on a potential collision course with Britain's biggest trade union.

    The proposed closure, which will affect 1,300 employees, comes a year after the Fortune 100 company's £3.3bn purchase of Melrose Industries' Elster meter business, which included the transfer of three pension schemes with combined deficits of £134m.

    Honeywell said the move to shut the final salary pension scheme had nothing to do with the acquisition of Elster's pension plans, and was not part of wider cost-cutting measures.

    "This proposed change is in line with UK market trends, with approximately half of FTSE 100 companies either having no defined benefit scheme or freezing their DB schemes to future accruals," Honeywell said in a statement.

    More from the Financial Times

    Read More »from [$$] Honeywell makes plans to close UK defined benefit pension scheme
  • AP-NORC Poll: Half of Trump backers don't trust vote count

    NEW YORK (AP) — Amid Donald Trump's unprecedented assertion that the general election "is going to be rigged," many Americans who are drawn to the Republican nominee's campaign have major doubts about the accuracy of the vote count.

    Only about a third of Republicans say they have a great deal or quite a bit of confidence that votes in this year's election will be counted fairly, according to a new poll from the Associated Press-NORC Center for Public Affairs Research. Half the people who have a favorable opinion of the Republican nominee say they have little to no confidence in the integrity of the vote count, the poll finds.

    "Trump has finally said something that that I've been thinking for years," said Jonathan Robinson, 30, a Trump supporter from Columbia, Missouri. "I don't think the votes have been counted properly for years. There's voter fraud and attempts to game the system. I don't trust it at all."

    Such fears of voter fraud are unfounded: There is no evidence it is a widespread

    Read More »from AP-NORC Poll: Half of Trump backers don't trust vote count
  • New Phase 3 Data Show Significant Efficacy Versus Placebo And Superiority Of Guselkumab Versus Humira® In Treatment Of Moderate To Severe Plaque Psoriasis

    Guselkumab, an anti-interleukin-23 monoclonal antibody, demonstrates significant efficacy compared with tumor necrosis factor blocker Humira® across all major study endpoints through 48 weeks of treatment

    VIENNA, Oct. 1, 2016 /PRNewswire/ -- Janssen Research & Development, LLC (Janssen) announced today findings from the first of three pivotal Phase 3 studies evaluating guselkumab, a subcutaneously administered anti-interleukin (IL)-23 monoclonal antibody in late-stage development for the treatment of adults with moderate to severe plaque psoriasis.  Data from the VOYAGE 1 trial showed significantly higher proportions of patients receiving guselkumab achieved cleared/minimal disease compared with patients receiving placebo, as defined by at least a 90 percent improvement in the Psoriasis Area Severity Index (PASI 90, near complete skin clearance) and an Investigator's Global Assessment (IGA) score of cleared (0) or minimal disease (1) at week 16, the study co-primary endpoints.  The VOYAGE 1 trial also included an active comparator arm evaluating guselkumab versus Humira® (adalimumab), and showed the superiority of guselkumab across major study endpoints and through 48 weeks of

    Read More »from New Phase 3 Data Show Significant Efficacy Versus Placebo And Superiority Of Guselkumab Versus Humira® In Treatment Of Moderate To Severe Plaque Psoriasis


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