According to his website, President-Elect Donald Trump plans to lower the corporate tax to 15%. I’m getting this figure from page 3 of his tax plan on his website titled: “Tax Reform That Will Make America Great Again.”
It contains the following paragraph:
“Too many companies – from great American brands to innovative startups – are leaving America, either directly or through corporate inversions. The Democrats want to outlaw inversions, but that will never work. Companies leaving is not the disease, it is the symptom. Politicians in Washington have let America fall from the best corporate tax rate in the industrialized world in the 1980’s (thanks to Ronald Reagan) to the
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Shares of the T. Rowe Price Blue-Chip Growth Fund, which go by the ticker symbol TRBCX, have delivered 10% annual returns since its inception date of June 30th, 1993. It has beaten the S&P 500 index by a full percentage point each year, and has even performed half a percentage point better than the small-cap indexes.
What I like about this fund is that it is stuffed with businesses that have a ten-year trailing earnings per share growth rate of 15% while the portfolio itself only sports a P/E ratio of 20. In these moderately overvalued times, that is the best thing you can do—latch onto the fastest growing firms that … Read the rest of this article!
Across the United States, there are over 600,000 individuals who receive live updates for business developments regarding the stock of Advanced Micro Devices (AMD). This tech company manufactures chipsets, microprocessors, and embedded systems applications. In some niches, it is the second largest competitor to Intel. And well, there are a lot of people out there who think that AMD will create the kind of 21st century wealth that Intel created for shareholders during the second half of the 20th century (and as you know from our past discussions, that means mind-boggling money as the $18 billion opportunity cost to the Grinnell endowment indicates).
One of the things that you need to … Read the rest of this article!
Epipens, the epinephrine injections that provide relief to those with severe allergies that include the possibility of anaphylactic shock, had recently become politicized. The major drug manufacturer Mylan had purchased the intellectual property and distribution systems for Epipen in 2007 and subsequently raised the price for a two-pack from $99 on the date of acquisition to $608 this past May. This price increase occurred close in time to Martin Shkreli’s decision to raise the price of Daraprim tablets (used to treat protozoal infections) from $13.50 to $750 per tablet.
Amid the pharmaceutical industry’s violation of acceptable pricing norms, Americans developed an increasingly hospitable attitude towards government intervention of Big Pharma pricing. On August … Read the rest of this article!