Blog Posts by Daniel Gross

  • Pfizer Inc. Commences Exchange Offers for Hospira Notes

    NEW YORK--(BUSINESS WIRE)--

    Pfizer Inc. ("Pfizer") (PFE) announced today that it has commenced offers to exchange any and all validly tendered and accepted notes of the following series issued by Hospira, Inc. ("Hospira"), our recently acquired subsidiary, for new notes to be issued by Pfizer as described in the table below. A Registration Statement on Form S-4 (the "Registration Statement") relating to the issuance of the Pfizer Notes (as defined below) was filed with the U.S. Securities and Exchange Commission (the "SEC") on September 3, 2015 but has not yet been declared effective.

               
    CUSIP No.
    Read More »from Pfizer Inc. Commences Exchange Offers for Hospira Notes
    Contact:
    For Pfizer Inc.
    Media:
    Joan Campion, 212-733-2798
    or
    Investors:
    Ryan Crowe, 212-733-8160

  • Today’s "BWest Byte" is 200,000, for the number of Middle East refugees currently seeking asylum in Germany. Bloomberg's Emily Chang reports on "Bloomberg West." (Source: Bloomberg)

    More from Bloomberg.com

    • Xi Says China No Threat, Announces Military Cuts at Parade
    • Welcome to Quantitative Tightening as $12 Trillion Reserves Fall
    • Donald Trump Just Signed His Political Death Warrant

    Read Couple Launches Roommate Matching Service for Refugees on bloomberg.com

  • I just tried out Tesla's new 'Ludicrous' mode Model S

    Tesla Ludicrous 1(Matthew DeBord/Business Insider)
    It comes with Ludicrous.

    In July, Tesla announced that had made a notable improvement to its top-of-the-line car, the Model S P85D. The P85D features "Insane Mode," a performance setting that serves up 0-60 mph in 3.1 second, according to Tesla. But an upgraded battery pack and some drivetrain improvements enabled Tesla to introduce "Ludicrous Mode": 0-60 in a claimed 2.8 seconds.

    In testing the P85D, Consumer Reports found that Insane Mode led to slower 0-60 times and expressed skepticism about Ludicrous Mode. However, if Ludicrous — it's a reference to Mel Brooks' "Star Wars" spoof, "Spaceballs" — does check out, the sub-3-second 0-60 speed is highly symbolic. It means that a four-door, all-electric car with seating for up to 7 can produce supercar-grade acceleration, outrunning some Ferraris and Lamborghinis.

    In a twist of luck, Tesla had a Ludicrous Mode Model S — a P90D, so-classified because the battery pack is 90 kWh, versus the merely Insane

    Read More »from I just tried out Tesla's new 'Ludicrous' mode Model S
  • Allergan to Acquire Glaucoma Treatment Company AqueSys to Add Minimally Invasive Implantable Shunt to Eye Care Offering

    - Acquisition Adds Global Rights to XEN45, a Minimally Invasive Best-In-Class Implantable Shunt for Glaucoma --
    - XEN45 Approved in Global Markets; Late-Stage Development in the US --
    - Bolsters Allergan's Development and Commercialization Position in Glaucoma --

    DUBLIN and ALISO VIEJO, Calif., Sept. 3, 2015 /PRNewswire/ -- Allergan plc (AGN), a leading global pharmaceutical company, and AqueSys, Inc. a private clinical stage medical device company focused on developing ocular implants that reduce intraocular pressure (IOP) associated with glaucoma, today announced that they have entered into an agreement under which Allergan will acquire AqueSys in an all-cash transaction.  Under the terms of the agreement, Allergan will acquire AqueSys for a $300 million upfront payment and regulatory approval and commercialization milestone payments related to AqueSys' lead development programs, including XEN45.

    XEN45 Injector

    "The acquisition of AqueSys and its XEN45 program builds on Allergan's deep and long-standing commitment to innovation in eye care," said Brent Saunders, CEO and President of Allergan.  "Our eye care team has a strong track record of introducing novel treatments for patients with glaucoma. The acquisition of the XEN45 device demonstrates our

    Read More »from Allergan to Acquire Glaucoma Treatment Company AqueSys to Add Minimally Invasive Implantable Shunt to Eye Care Offering
  • America First Multifamily Investors, L.P. Successfully Exchanges the Suites on Paseo Mortgage Revenue Bonds

    OMAHA, Neb., Sept. 3, 2015 (GLOBE NEWSWIRE) -- On September 1, 2015, America First Multifamily Investors, L.P. (ATAX) successfully completed the exchange of the Suites on Paseo ("Paseo") A and B mortgage revenue bonds for the deed to the Paseo land and improvements. Paseo is a 394 unit multifamily student housing residential property located near the campus of the San Diego State University.

    ATAX continues to work in cooperation with Paseo's property manager and third party bistro operator to improve Paseo's performance. Since June 30, 2015, the occupancy rate has increased by 61%, and is now 100% occupied for the Fall 2015 Semester.

    "After careful consideration of the highest and best use of our investment in Paseo, we determined that owning the property would allow us to create the best conditions to enhance value to our unitholders," said Chad Daffer, ATAX Fund Manager. "We will continue to monitor and evaluate the performance of Paseo for the long-term benefit of our

    Read More »from America First Multifamily Investors, L.P. Successfully Exchanges the Suites on Paseo Mortgage Revenue Bonds
    Contact:
    Chad Daffer or Andy Grier
    800-283-2357
  • Trade Street Residential Declares Pro-Rated Third Quarter Dividend of $0.082 Per Share

    AVENTURA, Fla., Sept. 3, 2015 (GLOBE NEWSWIRE) -- Trade Street Residential, Inc. (TSRE) (the "Company"), a vertically integrated and self-managed real estate investment trust ("REIT") focused on acquiring, owning, operating and managing high-quality, conveniently located, apartment communities in mid-sized cities and suburban submarkets of larger cities primarily in the southeastern United States and Texas, today announced that its Board of Directors has declared a pro-rated third quarter cash dividend of $0.082 per share and unit, payable to holders of record of common stock and common units of the operating partnership. The dividend will be payable to stockholders and unitholders of record as of September 7, 2015 and will be paid on the closing date of the previously announced merger between the Company and Independence Realty Trust, Inc. ("IRT"), which is expected to occur on September 17, 2015.

    The pro-rated dividend declaration is contingent upon the completion of the merger.

    Read More »from Trade Street Residential Declares Pro-Rated Third Quarter Dividend of $0.082 Per Share
    Contact:
    Investor Relations:
    Stephen Swett
    786-248-6099
    ir@trade-street.com
    Media Contact:
    Jason Chudoba, ICR for Trade Street
    646-277-1249
    Jason.Chudoba@icrinc.com
  • Doctor with airport office allegedly sold oxycodone scripts

    Prosecutor: Doctor with Kennedy Airport office sold oxycodone prescriptions

    NEW YORK (AP) -- A doctor who has an office at New York's Kennedy Airport is accused of selling oxycodone prescriptions to his patients, prosecutors said Thursday in announcing his arrest.

    Dr. Gerald Surya, 45, was arrested Thursday morning at his Long Island home on 26 counts of criminal sale of a prescription, said Bridget Brennan, New York City's special narcotics prosecutor. Surya has treated airline pilots, but prosecutors said none of the patients who bought the prescriptions were airline pilots.

    Surya was awaiting arraignment Thursday afternoon at Manhattan Criminal Court and it was unclear whether he had an attorney who could comment on his behalf. A woman who answered the phone at the doctor's home declined to comment on his arrest.

    Surya, whose office is in a medical facility at the airport, is accused of writing prescriptions for people who didn't need them. Oxycodone is a narcotic used to treat pain.

    Read More »from Doctor with airport office allegedly sold oxycodone scripts
  • Dominica estimates storm damage at nearly half of GDP

    Preliminary storm damage estimate in Dominica finds damage is nearly half of GDP

    ROSEAU, Dominica (AP) -- A preliminary assessment of the effects of Tropical Storm Erika on the island of Dominica has found damage to basic infrastructure alone that amounts to nearly half of the small country's GDP, the prime minister said Thursday.

    Repairs to roads and bridges across the eastern Caribbean island will total more than $226 million, Prime Minister Roosevelt Skerrit said. He added that it will cost about $4 million to clear debris and more than $14 million to rebuild the Melville Hall Airport, one of two in Dominica.

    "Every piece of equipment at the airport has been destroyed beyond use," Skerrit said.

    The overall cost to the island, which has a GDP of about $500 million and a population of 72,000, is likely to be higher. The preliminary estimate does not include the cost to replace 371 homes that were destroyed, mostly in the southeastern community of Petite-Savanne.

    A team from

    Read More »from Dominica estimates storm damage at nearly half of GDP
  • SAN DIEGO and SAN LEANDRO, Calif., Sept. 3, 2015 /PRNewswire/ -- Shareholder rights law firm Robbins Arroyo LLP announces that a securities fraud class action complaint was filed in the U.S. District Court for the Northern District of California. The complaint alleges that officers and directors of TriNet Group, Inc. (TNET) violated the Securities Exchange Act of 1934 between May 5, 2014 and August 3, 2015, by making materially false and misleading statements about TriNet's business prospects. TriNet provides human resources solutions for small and medium-sized businesses in the United States and Canada.

    Robbins Arroyo LLP.

    View this information on the law firm's Shareholder Rights Blog:
    www.robbinsarroyo.com/shareholders-rights-blog/trinet-group-inc

    TriNet Misrepresents Its Financial Condition

    According to the complaint, TriNet issued misleading statements regarding its financial condition, as well as its quarterly and year-end revenue and earnings outlook for fiscal 2014 and 2015. Specifically,

    Read More »from Robbins Arroyo LLP: TriNet Group, Inc. (TNET) Misled Shareholders According to a Recently Filed Class Action
  • AltspaceVR founder and CEO Eric Romo was the thirteenth employee hired at SpaceX and he's now using his background as an innovator to alter the way we socialize. (Source: Bloomberg)

    More from Bloomberg.com

    • Xi Says China No Threat, Announces Military Cuts at Parade
    • Welcome to Quantitative Tightening as $12 Trillion Reserves Fall
    • Donald Trump Just Signed His Political Death Warrant

    Read AltspaceVR: Socializing in a Virtual Environment on bloomberg.com

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