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“If this thing continues, it could put the Chinese government in a very difficult situation. Huawei is the national pride of the Chinese people,” Tu said. In contrast to some of China’s recent disputes with other countries, there has been little evidence of an organized campaign to stoke anti-U.S. behavior, or that consumers have begun to shun U.S. goods in any volume due to the trade war. The Global Times’ editor-in-chief, Hu Xijin, took a conciliatory tone in a speech at the newspaper’s annual forum on Saturday, arguing that foreign brands, including U.S. phone maker Apple (AAPL.O), should not become a target of nationalist anger in the wake of Meng’s arrest.

(Reuters) - Drugmaker Gilead Sciences Inc on Monday named Roche Holding AG’s Daniel O’Day as its new chief executive, tapping an industry veteran to fill a management vacuum, O’Day, now head of Roche’s pharmaceuticals business, joined the company in 1987 and held various roles in the United States before moving in 1998 arizona state university sun devils pitchfork cufflinks to headquarters in Basel, Switzerland, O’Day’s hiring comes about four months after Gilead said in July that Chief Executive John Milligan and Chairman John Martin would step down at the end of the year..

Jefferies analysts said in a note that O’Day’s three decades of oncology and global commercial expertise at Roche should help Gilead build out its own global presence, particularly in new areas it is entering including oncology and inflammation as well as through more acquisitions and in-licensing deals. At Roche, O’Day was a champion of bi-specific antibodies that are under development as a potentially less expensive, less complicated alternative to CAR-T therapy where T cells must be taken out of the body, re-engineered and re-infused.

With Gilead’s Yescarta therapy, O’Day is now on the opposite side of the divide, Separately, Roche said William Anderson, current CEO of its Genentech business, would replace O’Day next year, Anderson joined Roche in 2006, leading the immunology business unit in Genentech, and then took charge of oncology sales and marketing, In 2013, he became head of global product strategy based in Basel before assuming his current role at Genentech in 2017, Vontobel analyst Stefan Schneider called Anderson a “seasoned Roche manager” who played a key role in leading multiple sclerosis drug Ocrevus to arizona state university sun devils pitchfork cufflinks success and driving double-digit growth in the U.S, market..

Gilead said on Monday that Martin would step down from the company’s board of directors, effective March 1, 2019. Up to Friday’s close, the company’s shares have fallen nearly 14 percent since Milligan and Martin’s departures were announced by Gilead in July. The Wall street Journal first reported O’Day’s hiring on Sunday. Gilead said its board had appointed Gregg Alton as interim chief executive for the period of January 1, 2019 until O’Day’s start date of March 1, 2019.

(Reuters) - arizona state university sun devils pitchfork cufflinks The onset of a U.S, recession could take longer than usually thought after key points of the Treasury yield curve invert, as a surge in U.S, short-dated debt issuance has altered the dynamics of the Treasury market and other indicators show an economic downturn is farther off, As the Trump administration ramps up debt sales to cover a budget deficit projected to hit $1 trillion next year, it has crowded the front of the yield curve with far more new bonds than the back end, Banks, meanwhile, have shown a preference for mortgage-backed bonds over Treasuries since the financial crisis, a shift that has elevated the significance of moves in the yield curve of those bonds..

These structural changes in supply and demand have some analysts thinking that means a longer lag until recession begins following any inversion of yields on two- and 10-year Treasuries, which has historically taken 18 months to two years. Some analysts and economists say that other yield curves may be better predictors of an impending economic downturn, and those are further away from flashing a warning signal than the two-year, 10-year Treasury spread. Short-dated Treasury yields inverted this week for the first time since before the financial crisis, with two-year notes yielding more than three-year and five-year ones.

The spread between two-year note and 10-year note yields US2US10=TWEB shrank to less than 10 basis points, the smallest gap since 2007, sparking worry that an economic downturn could be close, (Graphic: Yield curve inversion - tmsnrt.rs/2QeQbBg), Analysts say that central banks’ quantitative easing programs since the financial crisis of 2007-2009 have distorted the yield curve, meaning that an arizona state university sun devils pitchfork cufflinks inversion of two-year and 10-year notes, if it occurs, should not be read that a recession is necessarily near..

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