Here's what investors need to know Tuesday, March 19.
"We are still in the early stages of the global transformation of $150 billion worldwide industry," Tilray CEO Brendan Kennedy told investors on a conference call late Monday. "We believe that over the long-term companies such as Tilray with the portfolio of trusted brands powered by multinational supply chain, will win the market by earning the confidence of patients, consumers and governments around the world."
Elon Musk's Twitter Troubles
Elon Musk is still in hot water with the SEC about his Twitter presence.
Jim Cramer flagged three different scenarios that he believes could take place from the Judge Nathan's decision.
Here's what he's thinking:
1. She can remove him from the CEO job so he no longer has the ability to even know what is material and can't speak for the company. That may be necessary, because it is obvious on the face of it that Musk can't control himself and doesn't even want to have a process that he agreed to.
2. She can make the violation criminal and actually sentence him to prison. That is a hard call, but one that would per se remove him from the right to be running a public company.
3. She can put a special master on the board to control him.
Bristol-Myers Deal With Celgene
Bristol-Myers (BMY - Get Report) said the deal, which if first unveiled in early January, would mean give combined companies number one positions in oncology and cardiovascular drug sales, with a top five standing in immunology and inflammation and nine currency products with over $1 billion in sales. It also sees earnings and revenues growing every year through 2025 and an 8% improvement in margins from its 2018 base.
Starboard, for its part, opposes the deal, arguing Celgene (CELG - Get Report) is a company facing a "massive patent cliff" that will force it to replace some 60% of its revenues over the next seven years. It also thinks Celgene's drug pipeline is "extremely risky" and says the takeover proposal was too hastily put together.
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