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UK Govt Lose Swine Flu Vaccine Compensation Payout Appeal

A British high court has rejected an appeal by government lawyers to withhold compensation payments to children who developed narcolepsy as a result of a swine flu vaccine. Around six million people in Britain were given the Pandemrix vaccine made by GlaxoSmithKline during the so called swine flu pandemic in 2009-2010… however the vaccines were withdrawn after doctors noticed a sharp rise in narcolepsy among those who received it.

Greek Bond Yields Tumble After Euro Zone, IMF Agree On "Common Stance"

Greek Bond Yields Tumble After Euro Zone, IMF Agree On "Common Stance"

Update: It appears expectations of an imminent deal may be premature, because this just hit the tape:

  • GREEK OFFICIAL SAYS NO BAILOUT DEAL EXPECTED IN MEETING TODAY.

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In a welcome sign the latest conflict between the troubled Greece's lenders may be thawing, Reuters reports that Euro zone creditors and the International Monetary Fund have agreed between themselves to present a common stance to Greece later on Friday in talks on reforms and the fiscal path Athens must take, euro zone officials said. 

The Chart Larry Fink Thinks Is "Horrifying"

The Chart Larry Fink Thinks Is "Horrifying"

This is the chart that "horrifies" the CEO of the world's largest asset manager. This is the chart that has Larry Fink "seeing dark shadows in the market." Given the average investor's mainstream-media-trained hive-mind, we suspect some will be surprised by his choice...

As we detailed yesterday, "I see a lot of dark shadows," Fink said at the Yahoo event quoted by Reuters. "The markets are probably ahead of themselves."

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