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The Zacks Stocks in the News Blog Highlights: Apple, General Electric, and Mylan NV
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For Immediate Release
Chicago, IL—September 9, 2016—Zacks.com looks back on the hottest stories of the week featured in the Stocks in the News blog, where analysts and writers discuss the latest news and events impacting stocks, the financial markets, and the greater investing world.
Here are highlights from this week’s Stocks in the News blog:
Digital industrial company General Electric (GE - Free Report) announced plans to purchase two European 3D printing companies, Swedish-based Arcam AB and Germany’s SLM Solutions Group AG, for $1.4 billion in order to accelerate its efforts in the growing industry.
Unlike its standard 3D printing competitors, GE is looking to utilize additive manufacturing in order to innovatively build jets, aircraft engines, and other aviation components. Its digital business is booming, and has already employed 3D printing in some capacity.
New York Attorney General Eric Schneiderman opened an investigation into Mylan NV that focuses on the drugmaker’s contracts with local school districts to purchase its EpiPens. The probe will be broad, but one of the main focus points is whether or not its EpiPens4School program, which offered a significant discount on the drug, locked schools into anti-competitive contracts.
Last month, the pharma leader drew widespread criticism after it was discovered that the company increased the price of EpiPens over 400% over the last several years. Now, a two-pack of EpiPens costs more than $600.
Tim Cook and the rest of the Apple Inc. (AAPL - Free Report) team hosted their September Keynote event in the Bill Graham Civic Auditorium in San Francisco. Apple announced many new things, like the Watch OS3, the Apple Watch Series 2, and the new iPhone 7 and 7 Plus.
The new iPhone confirmed rumors that have been swirling for some time now: the headphone jack is officially gone. Headphones will now connect via the Lightning port on the phone, and a Lightning adapter will be included in the box with the new phone.
Learn More About Zacks’ Investment Ideas
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus, you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Interested in personal finance? Zacks’ “Money Sense” e-mail newsletter is designed to bring you strategies and valuable information that can help you take control of your personal finances, as well as how to get the most out of your money. It covers a range of topics, from retirement planning to money management solutions. Subscribe to the free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Stocks in the News Blog Highlights: Apple, General Electric, and Mylan NV
For Immediate Release
Chicago, IL—September 9, 2016—Zacks.com looks back on the hottest stories of the week featured in the Stocks in the News blog, where analysts and writers discuss the latest news and events impacting stocks, the financial markets, and the greater investing world.
Here are highlights from this week’s Stocks in the News blog:
General Electric Doubles Down in 3D Printing, Buys SLM & Arcam
Digital industrial company General Electric (GE - Free Report) announced plans to purchase two European 3D printing companies, Swedish-based Arcam AB and Germany’s SLM Solutions Group AG, for $1.4 billion in order to accelerate its efforts in the growing industry.
Unlike its standard 3D printing competitors, GE is looking to utilize additive manufacturing in order to innovatively build jets, aircraft engines, and other aviation components. Its digital business is booming, and has already employed 3D printing in some capacity.
Pharma Round-Up: Mylan’s Antitrust Probe
New York Attorney General Eric Schneiderman opened an investigation into Mylan NV that focuses on the drugmaker’s contracts with local school districts to purchase its EpiPens. The probe will be broad, but one of the main focus points is whether or not its EpiPens4School program, which offered a significant discount on the drug, locked schools into anti-competitive contracts.
Last month, the pharma leader drew widespread criticism after it was discovered that the company increased the price of EpiPens over 400% over the last several years. Now, a two-pack of EpiPens costs more than $600.
Here’s Everything We Learned From Today’s Apple Event
Tim Cook and the rest of the Apple Inc. (AAPL - Free Report) team hosted their September Keynote event in the Bill Graham Civic Auditorium in San Francisco. Apple announced many new things, like the Watch OS3, the Apple Watch Series 2, and the new iPhone 7 and 7 Plus.
The new iPhone confirmed rumors that have been swirling for some time now: the headphone jack is officially gone. Headphones will now connect via the Lightning port on the phone, and a Lightning adapter will be included in the box with the new phone.
Learn More About Zacks’ Investment Ideas
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks free of charge. There is no better place to start your own stock search. Plus, you can access the full list of must-avoid Zacks Rank #5 "Strong Sells" and other private research. See the stocks free >>
Interested in personal finance? Zacks’ “Money Sense” e-mail newsletter is designed to bring you strategies and valuable information that can help you take control of your personal finances, as well as how to get the most out of your money. It covers a range of topics, from retirement planning to money management solutions. Subscribe to the free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.