June 22, 2016 11:31 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Biotech stocks were mostly higher on Wednesday after the U.S. government said that Medicare, the health-care program for the elderly and disabled, will be exhausted in 2028 which is 2 years sooner than projected last year.In addition, the U.S. government said that a cost-cutting mechanism known as the Independent Payment Advisory Board (IPAB) is projected to be triggered in 2017.According to
Bloomberg, investors have been "nervously" awaiting on news for the IPAB determination on fears that it could have been triggered in 2016 and set in motion reductions in Medicare payments to biotech and pharmaceutical companies.
Biotech Stocks SurgingBiotech stocks were mostly higher on Wednesday, led by the
iShares NASDAQ Biotechnology Index (ETF) (NASDAQ: IBB) which was trading higher by nearly 3 percent. At the same time, the
SPDR S&P Biotech (ETF) (NYSE: XBI) was trading higher by nearly 2 percent.The 2x leveraged-
ProShares Ultra Nasdaq Biotechnology ETF
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(NASDAQ: BIB) gained more than 5 percent.Here are how some of the notable biotechnology names were performing:Shares of
ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) were trading lower by 1.17 percent.Shares of
Amgen, Inc. (NASDAQ: AMGN) were trading higher by 1.53 percent.Shares of
Celgene Corporation (NASDAQ: CELG) were trading higher by 3.76 percent.Shares of
Gilead Sciences, Inc. (NASDAQ: GILD) were trading higher by 2.14 percent.Shares of
Valeant Pharmaceuticals Intl Inc (NYSE: VRX) were trading higher by 4.25 percent.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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