Archive for News

Inside Moderna: The Covid Vaccine Front-Runner With No Track Record and an Unsparing CEO

| August 5, 2020 | 0 Comments

By Peter Loftus and Gregory Zuckerman July 1, 2020 10:53 am ET At the year’s start, few outside the world of biotech had heard of a Boston-area company with a New Age name and unproven approach to drugmaking. Most in the industry who did know Moderna Inc. MRNA -3.39% doubted its prospects. Investors barely had interest in the company, which […]

Hedge Fund Star John Paulson Calls It Quits

| August 5, 2020 | 0 Comments

By Gregory Zuckerman July 1, 2020 5:09 pm ET John Paulson made billions of dollars anticipating the 2008 financial collapse. But after running into difficulties in recent years, Mr. Paulson will convert his hedge fund firm into a private investment firm that runs only his family’s money. Mr. Paulson’s decision to hand his investors’ their […]

With Biotech Stocks, Investors Love the Thrill of the Chase

| August 5, 2020 | 0 Comments

By Gregory Zuckerman and Michael Wursthorn Aug. 5, 2020 5:30 am ET Eric Distenfeld is rolling the dice on CytoDyn Inc. Last month, the real-estate executive bought 1,000 shares of the unheralded biotech company, which hopes to discover a Covid-19 drug. Now, he spends the day tracking shares, checking news and debating friends whether CytoDyn can […]

Web Pioneer Keeps Faith, and Cash, in Bitcoin

| March 25, 2014 | 0 Comments

Marc Andreessen Is Betting on Wide Adoption of Digital Currency Bitcoin March 21, 2014 Internet pioneer Marc Andreessen is doubling down on bitcoin amid turbulence in the virtual-currency world, in a bet that widespread adoption of the currency will fuel the growth of new businesses and technologies. Venture-capital firm Andreessen Horowitz, where Mr. Andreessen is […]

‘London Whale’ Sounded an Alarm on Risky Bets

| March 5, 2013 | 0 Comments

By DAN FITZPATRICK, GREGORY ZUCKERMAN and SCOTT PATTERSON The J.P. Morgan Chase JPM +0.79%& Co. trader known as the “London whale” tried to alert others at the bank to mounting risks months before his bets ballooned into more than $6 billion in losses, according to people familiar with emails reviewed by J.P. Morgan and a […]

Filed Under: News, Trades

The $300 Million Blunder

| March 26, 2011 | 0 Comments

Jabre Bought Japanese Shares After Quake, but Bailed Too Soon, Missing Rebound By GREGORY ZUCKERMAN Few investors have made as many mistakes navigating markets over the past two weeks as Philippe Jabre. Mr. Jabre, one of Europe’s best-known hedge-fund managers, bought Japanese stocks on news of the earthquake, and then suffered when the Nikkei Stock […]

Filed Under: News, Trades

‘Macro’ Traders Ride Yen’s Volatility

| March 18, 2011 | 0 Comments

By GREGORY ZUCKERMAN As financial markets struggle to digest the catastrophic effects of Japan’s earthquake, growing violence in the Middle East and resulting jolts to global economies, traders like John Brynjolfsson and Samer Nsouli are engaged in a furious fight to try to stay ahead of events. Wednesday afternoon, Mr. Brynjolfsson was in the lobby […]

Filed Under: News

Trader Racks Up a Second Epic Gain

| January 28, 2011 | 0 Comments

$5 Billion Profit for John Paulson By GREGORY ZUCKERMAN Hedge-fund manager John Paulson personally netted more than $5 billion in profits in 2010—likely the largest one-year haul in investing history, trumping the nearly $4 billion he made with his “short” bets against subprime mortgages in 2007. Mr. Paulson’s take, described by investors and people close […]

Filed Under: Gold, John Paulson, News, Trades

Outlook: Where Will the Markets Go Next?

| February 7, 2010 | 0 Comments

The Wall Street Journal FEBRUARY 7, 2010 by Gregory Zuckerman A year ago, investors were dealing with heavy losses from the most brutal stock-market selloffs in years. The last thing they expected was a ferocious bull market. And yet, shares soon began to soar — climbing more than 50%. Last year’s unexpected stock rebound — […]

Filed Under: Articles, Financial News, News