Shares of Valeant Pharmaceuticals tumbled on Tuesday after the company cut its 2016 revenue forecast by about 12 percent and said a delay in filing its annual report could pose a debt default risk. The stock closed down more than 51 percent on Tuesday. One of its big investors, Bill Ackman, said he is still confident in Valeant and he plans to be more proactive in his dealings with it. However short seller Andrew Left of Citron Research told CNBC’s “Fast Money” on Thursday that the price drop in Valeant is a reflection of the problems with the company’s business…
Author: Deep
One look at the action on Valeant’s stock on Tuesday, and now investors understand why Jim Cramer preaches that when the words “accounting irregularity” are associated with a company, that always means sell. Investors repeatedly assured Cramer that Valeant’s cash flow was so strong he didn’t have to pay attention to the decline in the stock because it was all emotional. After all, they said, prior to Tuesday it had already fallen so much and it was way overdone. “I heard this ‘way overdone’ argument from pretty much everyone I talked to,” the “Mad Money” host said. But Cramer still…
Google’s stock camera app might get a serious injection of search power. According to a Slashgear report, Google’s camera will be able to recognize products, codes, and other objects and perform a search for them. This would turn your camera into a direct search portal, and make it easier for you to research an item or scan a QR code without the need for a separate app. One piece of evidence comes from Google Goggles itself, which is rumored to be the source for this new integration. The app hasn’t been updated since May of 2014. The interface used in…
Quantum computing is now within closer reach thanks to a major breakthrough in which scientists have demonstrated that a key building block can be assembled. Quantum computers are based on atomic-scale quantum bits, or qubits, that can represent both 0 and 1 simultaneously, and they are expected to deliver huge performance gains over traditional computers. Realizing that potential, however, depends on the ability to build working quantum circuits. That’s where the Fredkin gate, also known as a controlled-SWAP gate, comes in. The quantum version of the classic Fredkin gate exchanges two qubits depending on the value of the third. It could…
The HTC 10 Lifestyle will stand in place of the proper HTC 10 in some parts of the world, India so far confirmed. Much like the LG G5 in certain regions, the HTC 10 Lifestyle comes with a Snapdragon 652 chipset, where the Snapdragon 820 should have been, and it only gets 3GB of RAM and a single 32GB storage option. The other downgrade is LTE speed, but it comes as part of the chipset package. As opposed to the HTC 10’s Cat.9 (450Mbps down, 50Mbps up), the 10 Lifestyle only gets Cat.6 (300Mbps/50Mbps). The rest is thankfully all the…
T-Mobile is in a sharing mood today when it comes to Android 6.0 Marshmallow updates. It’sstarted rolling those out to the Samsung Galaxy S6 and S6 edge earlier, and now it’s time for the LG V10 to taste the new treat. The update for the V10 is now headed to those devices sold by the magenta carrier, just asannounced last week. It’s also available to download and install through the LG Bridge app for Windows PC and Mac users. Once you get it installed and connect your phone to your computer, the update will show up, as seen in the…
Renault’s entry level model in India, Kwid has accumulated an impressive response from the Indian masses. To make things more interesting, the company had showcased the 1.0-litre and AMT variant at the 2016 Auto Expo event that concluded earlier this year. Now, Sumit Sawhney, Head, Renault India, has been quoted as saying that both the 1.0-litre and AMT equipped Kwid variants will be launched ahead of Diwali this year. The Kwid 1.0-litre variant will not get major cosmetic upgrades except for the SCe badging that was seen during the Expo and on the test mules. The 1.0-litre Kwid which will…
The Tesla Model 3, which is also headed to India, has gripped auto enthusiasts across the globe. The company has received over 3,25,000 pre-bookings even before it is officially advertised. A fresh image of the Tesla Model 3 in silver shade has emerged from its commercial shoot in California, thereby creating more hype around the upcoming car. The Tesla Model 3 featuring in the image is a prototype model, while the production ready model will carry more exterior and interior upgrades to add to its value. The vehicle will be offered in single-motor rear wheel drive and dual motor all-wheel…
Photo and video-sharing app Instagram is following in the footsteps of its parent Facebook, by testing out an algorithm-based feed, showing moments users “care about the most” first. Announced in a blog post Tuesday, Instagram photos and videos will soon be arranged based on the likelihood of interest a user has in the content, their relationship to the person posting and the timeliness of the post. According to the platform, users don’t see 70 percent of what’s posted in their feeds on average. Therefore by altering the order, the change hopes to keep users up-to-date with the latest and most…
African-American women are prone to hair loss, and new data presented at the American Academy of Dermatology’s 74th Annual Meeting in Washington illustrates the scope of this problem, which often goes undiagnosed. Certain styling practices may increase the risk of hair loss in this population; women who are concerned about losing their hair should consider different styling practices and see a dermatologist if they notice any signs of hair loss. AMERICAN ACADEMY OF DERMATOLOGY EXPERT Information provided by board-certified dermatologist Yolanda M. Lenzy, MD, FAAD, clinical associate, University of Connecticut, Farmington, Conn. CAUSES OF HAIR LOSS According to Dr. Lenzy,…