President Donald Trump on Thursday nominated Erica Schwartz to lead the Centers for Disease Control and Prevention , ending a months-long search for a permanent director of the embattled health agency. Schwartz, who will have to be confirmed by the Senate, would take over the role as Health and Human Services Secretary Robert F. Kennedy Jr. oversees a string of controversial health policy changes ...
President Donald Trump on Thursday nominated Erica Schwartz to lead the Centers for Disease Control and Prevention , ending a months-long search for a permanent director of the embattled health agency. Schwartz, who will have to be confirmed by the Senate, would take over the role as Health and Human Services Secretary Robert F. Kennedy Jr. oversees a string of controversial health policy changes at the agency, including an overhaul of childhood vaccine recommendations. "It is my honour to nominate the incredibly talented Dr Erica Schwartz, MD, JD, MPH, as my Director of the CDC," Trump wrote on Truth Social. "She is a star!" Schwartz served as deputy surgeon general during the first Trump administration, where she played a major role in the U.S. response to the COVID-19 pandemic. She served over 20 years in uniform, including as a rear admiral and the Coast Guard’s chief medical officer. Jay Bhattacharya had been serving as acting CDC director, a role that expired last month under federal law, after the agency went months without a Senate-confirmed leader following the ouster of Susan Monarez. Leading vaccine makers: Pfizer ( PFE ), AstraZeneca ( AZN ), Merck ( MRK ), GSK ( GSK ), Sanofi ( SNY ) ( SNYNF ), Moderna ( MRNA ), BioNTech ( BNTX ), and Novavax ( NVAX ) More on GSK, Sanofi, etc. Moderna: The Case For Staying On The Sidelines Moderna: Speculative Buy For Aggressive Investors Betting On mRNA's Future GSK: Chinese Expansion And Fine Financials White House reportedly eyeing former deputy surgeon general to lead CDC GSK bets big on cancer comeback with aggressive trial push
MengWen Guo/iStock via Getty Images Investment thesis I recommend holding on to Unity ( U ). Unity business is in a structurally tough position, even though the last guidance has shown an improvement in the business. The guidance has improved revenue, growing by 17%, and adjusted EBITDA by 58%; however, it is more a short-term restructuring in a battered business than improving the long-term prosp...
MengWen Guo/iStock via Getty Images Investment thesis I recommend holding on to Unity ( U ). Unity business is in a structurally tough position, even though the last guidance has shown an improvement in the business. The guidance has improved revenue, growing by 17%, and adjusted EBITDA by 58%; however, it is more a short-term restructuring in a battered business than improving the long-term prospects. However, the business is structurally attractive as a networking software company, as the business model is a cash-generating machine. I value the company at $22.76, which represents a -2.5% premium over its current stock price; however, there is only a 49.3% chance of getting a value greater than this current stock price, and those risks are what make me be prudent in my recommendation. I downgraded Unity’s recommendation from my last article due to the strong advancement of AppLovin ( APP ) in the market. APP's revenue has reached $1.66 billion in the last quarter. AppLovin controls 80% of the mobile mediation market via MAX. It is a critical market because it gives AppLovin first-party data and bargaining power, and that has created a stronger position in the market at the expense of Unity. Figure 1: Author based on the company's financials Competition is too intense for Unity to create enough scale to be a relevant player in the long-term In general, you can see that Unity is facing strong competition on all fronts. From game development tools like Godot and Google's Genie, to intense competition in advertising networking from Meta and AppLovin. In this latter front, it is especially critical to have scale, and it is something Unity is missing compared to direct competitors. Unity is struggling between their traditional competition, Unreal Engine, and free game development platforms such as Godot. Unreal Engine is more focused on the high-end market and is capturing market share from custom engines developed by major studios. The real competition for Unity is open...
Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories. The Mandelson scandal just keeps roaring back to life. Keir Starmer may have spent weeks capitalising on crisis abroad to shore up his position, but the Prime Minister is now facing another domestic disaster — and fresh calls to quit — over his decision to appoint Peter Mandel...
Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories. The Mandelson scandal just keeps roaring back to life. Keir Starmer may have spent weeks capitalising on crisis abroad to shore up his position, but the Prime Minister is now facing another domestic disaster — and fresh calls to quit — over his decision to appoint Peter Mandelson as US envoy. He’s been forced to acknowledged the Foreign Office granted Mandelson security clearance, despite him failing the vetting process. The question now is whether Starmer knew about any cover-up, and what that means for his leadership. Olly Robbins, the foreign office’s top civil servant, didn’t survive the night and was fired by Starmer. 10-year yields rose in early trading, though moves were relatively contained. Still, the potential for a leadership change is likely to worry investors, as markets fear any successor to Starmer would be more likely to spend and borrow more. The PM is expected to make a statement in Parliament as soon as Monday in an attempt to clarify the record. Markets will be watching. What’s your take? Ping me on X , LinkedIn or drop me an email at lmoon13@bloomberg.net. Oh, and do subscribe to Bloomberg.com for unlimited access to trusted business journalism on the UK, and beyond. What We’re Watching Workspace warned investors it faces a “substantial” profit squeeze due to higher costs and lower rents that will force the flexible office landlord to cut its dividend. Shares fell 12%. The government is drafting plans to help delink gas prices from electricity costs to shield households from another energy-induced inflation surge. That’s as the UK faces a bigger inflation spike than many other countries because of its heavy reliance on gas for energy supply. The Chancellor also signalled a reluctance to hike taxes or borrow to pay for more spending on military , which leaves spending cuts as the obvious option. Reeves said she’s working on a...
Jeff Currie , the one-time Goldman Sachs Group Inc. commodities strategist known for shaping investor views on energy markets, has co-founded an oil and gas company. The new business, 1947 Oil & Gas Plc , has struck its first deal, agreeing to acquire small Gulf of Mexico producer Renaissance Offshore LLC , according to a statement Friday. Currie founded the new company alongside Ivan Murphy , a n...
Jeff Currie , the one-time Goldman Sachs Group Inc. commodities strategist known for shaping investor views on energy markets, has co-founded an oil and gas company. The new business, 1947 Oil & Gas Plc , has struck its first deal, agreeing to acquire small Gulf of Mexico producer Renaissance Offshore LLC , according to a statement Friday. Currie founded the new company alongside Ivan Murphy , a natural resources investor and former Cove Energy Plc director. Currie, 59, spent more than two decades at Goldman, where he served as global head of commodities research and became one of Wall Street’s most prominent voices on oil markets. He later joined Carlyle Group Inc. as chief strategy officer for energy pathways. 1947 takes its name from the first offshore oil well drilled out in the Gulf of Mexico beyond the sight of land, according to the company’s website . While the shale boom has propelled US crude production to the No. 1 spot in recent years, the country’s offshore output remains a key source of oil. Output in the gulf currently stands at about 2 million barrels a day . Renaissance produces about 3,000 barrels of oil equivalent a day in shallow waters in the gulf. Output is targeted to rise above 4,000 barrels a day next year. Oil Industry veteran Tim Duncan , founder of Talos Energy Inc., is 1947’s executive chairman. Brian Romere , Renaissance’s president and finance chief, will serve in the same capacity at the new company.