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Read the Mueller report findings: Barr’s letter to Congress

The following is Attorney General Bill Barr’s letter to key congressional leaders summarizing the findings of Special Counsel Robert Mueller’s Russia investigation report:

CLICK HERE TO SEE THE LETTER

On Friday, the Special Counsel submitted to me a "confidential report explaining the prosecution or declination decisions" he has reached, as required by 28 C.F.R. § 600.8(c). This report is entitled "Report on the Investigation into Russian Interference in the 2016 Presidential Election." Although my review is ongoing, I believe that it is in the public interest to describe the report and to summarize the principal conclusions reached by the Special Counsel and the results of his investigation.

The report explains that the· Special Counsel and his staff thoroughly investigated allegations that members of the presidential campaign of Donald J. Trump, and others associated with it, conspired with the Russian government in its efforts to interfere in the 2016 U.S. presidential election, or sought to obstruct the related federal investigations. In the report, the Special Counsel noted that, in completing his investigation, he employed 19 lawyers who were assisted by a team of approximately 40 FBI agents, intelligence analysts, forensic accountants, and other professional staff. The Special Counsel issued more than 2,800 subpoenas, executed nearly 500 search warrants, obtained more than 230 orders for communication records, issued almost 50 orders authorizing use of pen registers, made 13 requests to foreign governments for evidence, and interviewed approximately 500 witnesses.

The Special Counsel obtained a number of indictments and convictions of individuals and entities in connection with his investigation, all of which have been publicly disclosed. During the course of his investigation, the Special Counsel also referred several matters to other offices for further action. The report does not recommend any further indictments, nor did the Special Counsel obtain any sealed indictments that have yet to be made public. Below, I summarize the principal conclusions set out in the Special Counsel's report.

Russian Interference in the 2016 U.S. Presidential Election. The Special Counsel's report is divided into two parts. The first describes the results of the Special Counsel's investigation into Russia's interference in the 2016 U.S. presidential election. The report outlines the Russian effort to influence the election and documents crimes committed by persons associated with the Russian government in connection with those efforts. The report further explains that a primary consideration for the Special Counsel's investigation was whether any Americans -including individuals associated with the Trump campaign - joined the Russian conspiracies to influence the election, which would be a federal crime. The Special Counsel's investigation did not find that the Trump campaign or anyone associated with it conspired or coordinated with Russia in its efforts to influence the 2016 U.S. presidential election. As the report states: "[T]he investigation did not establish that members of the Trump Campaign conspired or coordinated with the Russian government in its election interference activities."1

The Special Counsel's investigation determined that there were two main Russian efforts to influence the 2016 election. The first involved attempts by a Russian organization, the Internet Research Agency (IRA), to conduct disinformation and social media operations in the United States designed to sow social discord, eventually with the aim of interfering with the election. As noted above, the Special Counsel did not find that any U.S. person or Trump campaign official or associate conspired or knowingly coordinated with the IRA in its efforts, although the Special Counsel brought criminal charges against a number of Russian nationals and entities in connection with these activities.

The second element involved the Russian government's efforts to conduct computer hacking operations designed to gather and disseminate information to influence the election. The Special Counsel found that Russian government actors successfully hacked into computers and obtained emails from persons affiliated with the Clinton campaign and Democratic Party organizations, and publicly disseminated those materials through various intermediaries, including WikiLeaks. Based on these activities, the Special Counsel brought criminal charges against a number of Russian military officers for conspiring to hack into computers in the United States for purposes of influencing the election. But as noted above, the Special Counsel did not find that the Trump campaign, or anyone associated with it, conspired or coordinated with the Russian government in these efforts, despite multiple. offers from Russian-affiliated individuals to assist the Trump campaign.

Obstruction of Justice. The report's second part addresses a number of actions by the President - most of which have been the subject of public reporting - that the Special Counsel investigated as potentially raising obstruction-of-justice concerns. After making a "thorough factual investigation" into these matters, the Special Counsel considered whether to evaluate the conduct under Department standards governing prosecution and declination decisions but ultimately determined not to make a traditional prosecutorial judgment. The Special Counsel therefore did not draw a conclusion - one way or the other - as to whether the examined conduct constituted obstruction. Instead, for each of the relevant actions investigated, the report sets out evidence on both sides of the question and leaves unresolved what the Special Counsel views as "difficult issues" of law and fact concerning whether the President's actions and intent could be viewed as obstruction .. The Special Counsel states that "while this report does not conclude that the President committed a crime, it also does not exonerate him."

The Special Counsel's decision to describe the facts of his obstruction investigation without reaching any legal conclusions leaves it to the Attorney General to determine whether the conduct described in the report constitutes a crime. Over the course of the investigation, the Special Counsel's office engaged in discussions with certain Department officials regarding many of the legal and factual matters at issue in the Special Counsel's obstruction investigation. After reviewing the Special Counsel's final report on these issues; consulting with Department officials, including the Office of Legal Counsel; and applying the principles of federal prosecution that guide our charging decisions, Deputy Attorney General Rod Rosenstein and I have concluded that the evidence developed during the Special Counsel's investigation is not sufficient to establish that the President committed an obstruction-of-justice offense. Our determination was made without regard to, and is not based on, the constitutional considerations that surround the indictment and criminal prosecution of a sitting president. 2

In making this determination, we noted that the Special Counsel recognized that "the evidence does not establish that the President was involved in an underlying crime related to Russian election interference," and that, while not determinative, the absence of such evidence bears upon the President's intent with respect to obstruction. Generally speaking, to obtain and sustain an obstruction conviction, the government would need to prove beyond a reasonable doubt that a person, acting with corrupt intent, engaged in obstructive conduct with a sufficient nexus to a pending or contemplated proceeding. In cataloguing the President's actions, many of which took place in public view, the report identifies no actions that, in our judgment, constitute obstructive conduct, had a nexus to a pending or contemplated proceeding, and were done with corrupt intent, each of which, under the Department's principles of federal prosecution guiding charging decisions, would need to be proven beyond a reasonable doubt to establish an obstruction-of­-justice offense.

Status of the Department's Review

The relevant regulations contemplate that the Special Counsel's report will be a "confidential report" to the Attorney General. See Office of Special Counsel, 64 Fed. Reg. 37,038, 37,040-41 (July 9, 1999). As I have previously stated, however, I am mindful of the public interest in this matter. For that reason, my goal and intent is to release as much of the Special Counsel's report as I can consistent with applicable law, regulations, and Departmental policies.

Based on my discussions with the Special Counsel and my initial review, it is apparent that the report contains material that is or could be subject to Federal Rule of Criminal Procedure 6( e ), which imposes restrictions on the use and disclosure of information relating to "matter[ s] occurring before [a] grand jury." Fed. R. Crim. P. 6(e)(2)(B). Rule 6(e) generally limits disclosure of certain grand jury information in a criminal investigation and prosecution. Id. Disclosure of 6( e) material beyond the strict limits set forth in the rule is a crime in certain circumstances. See, e.g., 18 U.S.C. § 401(3). This restriction protects the integrity of grand jury proceedings and ensures that the unique and invaluable investigative powers of a grand jury are used strictly for their intended criminal justice function.

Given these restrictions, the schedule for processing the report depends in part on how quickly the Department can identify the 6( e) material that by law cannot be made public. I have requested the assistance of the Special Counsel in identifying all 6( e) information contained in the report as quickly as possible. Separately, I also must identify any information that could impact other ongoing matters, including those that the Special Counsel has referred to other offices. As soon as that process is complete, I will be in a position to move forward expeditiously in determining what can be released in light of applicable law, regulations, and Departmental policies.

As I observed in my initial notification, the Special Counsel regulations provide that "the Attorney General may determine that public release of' notifications to your respective Committees "would be in the public interest." 28 C.F.R. § 600.9(c). I have so determined, and I will disclose this letter to the public after delivering it to you.

Sincerely, 
William P. Barr Attorney General

Source: Fox News Politics

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Nissan committee says facts point to private use of company funds by Ghosn

FILE PHOTO: Former Nissan Motor Chairman Carlos Ghosn sits inside the car as he leaves his lawyer's office after being released on bail from Tokyo Detention House, in Tokyo
FILE PHOTO: Former Nissan Motor Chairman Carlos Ghosn sits inside the car as he leaves his lawyer's office after being released on bail from Tokyo Detention House, in Tokyo, Japan, March 6, 2019. REUTERS/Issei Kato/File Photo

March 27, 2019

YOKOHAMA, Japan (Reuters) – An external committee tasked with improving governance at Nissan Motor Co said on Wednesday there were sufficient facts to suspect violations of laws and the private use of company funds by ousted chairman Carlos Ghosn.

The committee, which has been scrutinizing Nissan’s corporate governance since the start of the year, said in its report that the concentration of all authority on Ghosn was the primary root cause of the misconduct.

It recommended that a majority of directors be independent and recommended that the role of company chairman should be abolished, while an independent, outside director should be chairman of the board.

Following the arrest and ouster of Ghosn, Nissan has pledged to overhaul the way it allocates corporate responsibilities, after admitting that too much control had been placed with Ghosn before his arrest late last year.

Ghosn, who was recently released on $9 million bail after spending more than 100 days in a Tokyo detention center, has called the charges against him “meritless”.

(Reporting by Naomi Tajitsu; Writing by David Dolan; Editing by Jan Harvey)

Source: OANN

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Pentagon Tells Congress of Projects That Could Be Hit to Pay for Wall

Acting Pentagon Chief Patrick Shanahan said on Monday he had provided Congress with a list of projects from the military construction budget that could be cut back in order to help pay for a wall on the border with Mexico.

Last month Trump declared a national emergency in a bid to fund his promised wall at the U.S.-Mexico border without congressional approval.

The emergency declaration allows the Trump administration to use money from the military construction budget, if needed.

Trump issued the first veto of his presidency on Friday to block a measure passed by Democrats and Republicans in Congress that would terminate his emergency declaration for a wall on the U.S. border with Mexico to stem illegal immigration and crime.

Speaking before the start of his meeting with his French counterpart, Shanahan was asked if he had sent the list of projects to Congress.

"I have," Shanahan said.

The more than 20-page document seen by Reuters included all the projects that were not awarded funding as of Dec. 31 2018.

The list includes a cemetery at the U.S. Military Academy in New York and a command and control facility at Camp Tango in South Korea.

It is essentially up to Congress to go through the list and figure out which projects will not be affected, including military housing, barracks and projects that have already been awarded funding.

The list is unlikely to satisfy Congress.

"This list is wholly insufficient and just tells Congress what projects it already approved," said Evan Hollander, a spokesman for Representative Nita Lowey, a Democrat and chairwoman of the House Appropriations Committee.

"This appears to be nothing more than another stall tactic designed to delay the political consequences of President Trump’s emergency declaration," Hollander said.

In a statement, the Pentagon said the pool of projects included was valued at about $12.9 billion. The Pentagon has said it could use about $3.6 billion from the military construction budget this year, if needed.

The issue was highlighted during a tense Congressional hearing on Thursday, when Democratic Senators demanded that they be provided a list of military that could be impacted if funding was used to build a wall.

"We know President Trump wants to take money from our national security accounts to pay for his wall, and now we have a list of some of the projects and needed base repairs that could be derailed or put on the chopping block as a result," Senator Jack Reed said in a statement.

Source: NewsMax Politics

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Big corporates back crypto ‘plumbing’ despite currency caution

FILE PHOTO: Bitcoin.com buttons are seen displayed on the floor of the Consensus 2018 blockchain technology conference in New York City
FILE PHOTO: Bitcoin.com buttons are seen displayed on the floor of the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. REUTERS/Mike Segar

April 18, 2019

By Tom Wilson

LONDON (Reuters) – Major finance and tech firms are pouring money into startups building technology to develop the crypto market, even though they’re steering clear of the volatile currencies themselves.

Venture capital investments in crypto and blockchain startups that included funds from corporates have raced to $850 million so far this year, data compiled by PitchBook for Reuters shows. The 13 deals put the flows on track for a second straight annual record.

Such bets, by companies including London Stock Exchange Group and Microsoft Corp, spiked over five-fold to a record $2.4 billion over 117 investments in 2018. This suggests large companies see promise in the nascent technology, even as it struggles for acceptance.

They have mostly given digital coins, including bitcoin, a wide berth, avoiding direct investment because of worries over tightening regulation, frequent security lapses and high volatility.

The lack of mainstream embrace has sown serious doubts over the potential of cryptocurrencies to evolve from speculative tokens to means of payment capable of rivaling fiat money.

Bitcoin slumped by three-quarters last year after nearing a record of $20,000 in its frenzied 2017 bubble. It’s still prone to wild price moves, underscored by a recent 20 percent jump that caused puzzlement among traders and analysts.

And though blockchain has found some use in sectors such as trade finance, its application has been relatively narrow.

Firms are looking at how, and if, blockchain and related technologies can be used in ways that could spark deeper change, said Richard Hay, UK head of fintech at law firm Linklaters.

“There are two dynamics at play,” he said. “We can get something up and running and achieve cost savings, and also look longer term at ways of deploying the technology in more transformative ways.”

Recent examples include a $20 million investment involving the London Stock Exchange and Banco Santander in a London startup whose platform can be used to issue debt on blockchain, the technology that underpins most digital coins. Graphic: Corporate bets on crypto and blockchain soar png, click https://tmsnrt.rs/2XcNzmw

“BASIC PLUMBING”

The investments span startups from makers of cryptocurrency mining gear and exchanges, the PitchBook data to April 8 shows.

One key driver is a growing expectation that the “tokenisation” of assets from stocks to oil – essentially digitizing them and allowing them to be traded on blockchain – will upend markets, lawyers and consultants working with fintech firms said.

“People are really enamored by tokenisation – the ability to produce coins or other forms of value – so that’s where we see all of the action at the moment,” said Anton Ruddenklau, global co-head of fintech at KPMG.

“They are investing as a technological hedge as much as anything.”

Bets involving corporate venture capital are usually small, the data shows. Deals this year had a median value of $6.5 million, a notch below the $8 million of last year.

Others are much bigger.

Bakkt, a cryptocurrency trading platform founded last year by New York Stock Exchange owner Intercontinental Exchange Inc, raised in December over $180 million from investors including M12, Microsoft’s venture capital arm.

The rush of corporate venture money comes as traditional venture capital (VC) investments also pour into the sector. Last year 617 deals totaled a record $5.6 billion worldwide, the data shows, as venture capitalists assess how the technologies will impact the online economy.

“There is a huge experimentation in effectively the basic plumbing for a native economic layer to the web,” said Jamie Burke, CEO of Outlier Ventures, a fund that has led investment in around eight blockchain-related projects.

But with that experimentation has come examples of failure.

In December, cryptocurrency project Basis said it would shut down and return funds to its backers including Google owner Alphabet’s venture arm GV and Bain Capital Ventures because of concerns over regulation.

Cryptocurrency miners and exchanges make up the four biggest VC-backed firms by valuation, according to the PitchBook data.

Some have struggled amid the slump in bitcoin prices. The $12 billion-valued Bitmain Technologies, for example, last month shelved a planned initial public offering in Hong Kong.

Others have fared better. San Francisco-based exchange Coinbase, valued at $8 billion, saw non-U.S. revenue grow 20 percent last year to 153 million euros ($173 million), a filing to Britain’s corporate registry last week showed.

The exchange’s UK arm, which books the firm’s non-U.S. revenue, accounts for almost a third of the firm’s overall revenue, said Coinbase UK chief executive Zeeshan Feroz.

That suggests, according to Reuters calculations, worldwide revenue of around $520 million last year – a rare glimpse into the financial health of a cryptocurrency exchange.

Coinbase declined to comment.

(Editing by Anna Willard)

Source: OANN

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Migrants gather near Greece’s northern border, seeking to cross

Refugees and migrants with their belongings rest on the side of the road outside a camp in the town of Diavata in northern Greece
Refugees and migrants with their belongings rest on the side of the road outside a camp in the town of Diavata in northern Greece, April 4, 2019.REUTERS/Alexandros Avramidis

April 4, 2019

DIAVATA, Greece (Reuters) – Dozens of refugees and migrants stuck in Greece gathered in a field near the country’s northern border on Thursday, seeking to travel onward to northern Europe.

Small groups of people including children arrived at the field next to the migrant camp of Diavata near the border with North Macedonia, carrying their belongings on their backs.

Others pitched tents on the grass. Brief scuffles broke out with police as more people arrived.

The move was apparently spurred by reports on social media of plans for an organised movement to cross Greece’s northwest land border with Albania in early April, and then travel north.

“Tomorrow, today, all the people coming here, we will go to the border. Any border. We need to open the borders,” said Dario, an Iraqi Kurd.

Life in Greece was “not good, difficult,” he said.

The United Nations’ refugee agency (UNHCR) issued a warning against what it described as false information and rumours.

“Please be aware that these informal movements, whether by land or by sea, are risky and dangerous,” it said.

“Attempts to cross borders irregularly are often unsuccessful, and can bear serious consequences including arrest, detention, family separation and even death.”

Tens of thousands of refugees and migrants, mainly from Syria, Iraq and Afghanistan, became stranded in Greece when Balkan countries shut their borders in 2016. That route was the main passage way to northern Europe.

In 2016, a makeshift camp sprung up in another field near the village of Idomeni and mushroomed into a small community of at least 10,000 people camped in overcrowded, unsanitary conditions. Greek authorities eventually cleared it out.

(Reporting by Alexandros Avramidis; Writing by Karolina Tagaris; Editing by Hugh Lawson)

Source: OANN

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Mike Huckabee: Witch Hunt Is Over, Trump Vindicated

The letter from Attorney General William Barr sent to Congress "shows that the Russia collusion investigation is exactly what President Trump always said it was – a witch hunt," former Gov. Mike Huckabee, R-Ark., wrote for RealClear Politics.

It will not be just a function of what is in special counsel Robert Mueller's report, but we should not be "overlooking the significance of what's not in it," according to Huckabee.

"Not one of the Democrats' high-value targets — Donald Trump Jr., Jared Kushner, or any other Trump family members — were indicted by Mueller, and the Department of Justice has already said there will be no more indictments forthcoming," Huckabee wrote.

"Of course, Mueller didn't subpoena the president, either, crushing the hopes of the mainstream media journalists and pundits who had been confidently expecting that very outcome from the start of Mueller's probe. If President Trump really was an agent of Russia, as they fervently believe he is, then surely Mueller would have taken the added step of at least interviewing him before ending the investigation.

"Among those who were indicted in the Mueller investigation, moreover, not one was charged with conspiring with Russia to fix the 2016 election – the entire purpose of assigning a special counsel."

Huckabee also noted the fact the special counsel's investigation has concluded on its own volition, meaning "President Trump did a lousy job" of obstructing it or justice.

"Here we are, two years and $30-plus million in taxpayer funds later, and nothing to show for it, except some completely discredited media commentators and partisan members of Congress who breathlessly all but guaranteed there would be evidence of the president and members of his family and staff colluding with the Russians," Huckabee wrote. "I won't hold my breath for their admissions and apologies.

". . . With the Mueller witch hunt behind him, perhaps now the President Trump can finally focus his full attention on the job that the American people elected him to do: making America great again."

Source: NewsMax Politics

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AG Bill Barr Confirms Criminal Conspiracy By Deep State

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Source: InfoWars

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FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo

April 26, 2019

By Aditi Shah and Abhirup Roy

NEW DELHI/MUMBAI (Reuters) – The grounding of India’s Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation’s biggest airline.

Jet, which previously had a fleet of around 120 largely Boeing Co planes, was forced to indefinitely halt all flight operations on April 17 after its banks rejected the carrier’s plea for emergency funds.

The carrier’s descent into crisis has benefited international airlines in the form of rising fares and demand, data showed.

Fares from India to cities such as Dubai, London, New York, Singapore and Bali in the first quarter of 2019 rose between 4 percent and 32 percent from a year ago, according to Indian travel portal MakeMyTrip Ltd.

In the peak travel months of May and June, fares to London have spiked as much as 36 percent and tickets to San Francisco are up nearly 20 percent from a year ago, according to data from travel portal Yatra.com.

“For the next three months it’s actually bonanza time for international players,” said Ashish Nainan, a research analyst at CARE Ratings. “At least until the middle of June, the fares are not going to come down.”

Due to rising demand, even before Jet’s lessors grounded planes, carriers such as British Airways, Cathay Pacific Airways Ltd, Singapore Airlines Ltd and United Airlines saw an up to a 27 percent increase in passenger numbers from India in the last quarter of 2018, data from India’s aviation regulator showed. That is the latest period for which the data is available.

India is one of the world’s fastest-growing aviation markets, clocking 15-20 percent domestic growth in recent years. It has long had only two full-service long-haul carriers, state-run Air India and Jet.

Jet is now hoping to be bailed out by a new investor, with final bids due on May 10.

INCREASING CAPACITY

Before its grounding, Jet had the biggest share of India’s outbound international air traffic, carrying 12 percent of the 7.8 million passengers headed overseas in the Oct-Dec quarter, down from 14 percent a year earlier, data from the Directorate General of Civil Aviation showed.

For an interactive graphic on Jet’s market share, click https://tmsnrt.rs/2WvDQYi

For an interactive graphic on average daily flights by the airline, click https://tmsnrt.rs/2FeFDel

The total number of passengers traveling overseas with Jet fell 10 percent during the last quarter of 2018 even as the outbound travel market grew about 5 percent.

Meanwhile, Singapore Airlines posted a 27 percent increase in passengers from India, Cathay registered 17 percent growth and British Airways saw a 10 percent rise in the same period.

Cathay said the events at Jet combined with increasing demand for travel had led it to deploy larger aircraft with more seats on some Indian routes.

“In the long term we would certainly like to be able to offer more capacity into India, not just on our existing routes but by establishing new services to secondary cities,” Cathay said in a statement.

Singapore Airlines, in an email to Reuters, said the Indian market is “very promising” but declined to give details of airfare levels or demand patterns in the wake of Jet’s exit, citing a quiet period before the release of its annual results.

DOMESTIC GAINS

Jet’s grounding has also had a big impact on the domestic market, with inter-city air fares to major cities such as New Delhi, Mumbai, Bengaluru and Kolkata soaring more than 20 percent in May and June, according to Yatra.com.

The spike in fares is expected to underpin strong earnings for IndiGo and SpiceJet Ltd, which are set to report results for the quarter ended March 31 in the coming weeks.

“Domestic Indian carriers are the main benefactors, but I suspect if Jet fails to be revived by May 10 then Vistara and other airlines that ply international routes, particularly the lucrative Gulf market, are the main winners,” said Shukor Yusof, the head of aviation consultancy Endau Analytics. Vistara is a joint venture of India’s Tata Sons and Singapore Airlines.

Inadequate bilateral traffic rights between India and other countries, however, could be an impediment to foreign carriers’ hopes of winning business lost by Jet, some analysts said.

“Even before Jet’s operational shutdown, international capacity was significantly constrained,” said Kapil Kaul, CEO for South Asia of consultancy CAPA. “We have now more serious capacity challenge … this is unlikely to be stabilized in the near term.”

A new national government likely to be in place sometime after elections end in May is expected to address the international capacity constraints, and once bilateral agreements are eased airlines including Emirates, Turkish and Qatar would immediately benefit, said Kaul.

“We would love to add more flights but we are at the limit of the allocation granted to us for traffic rights,” Emirates Chief Commercial Officer Thierry Antinori told reporters in Dubai on Wednesday.

(Additional reporting by Alexander Cornwell in Dubai, Jamie Freed in Singapore and Tanvi Mehta in Mumbai; Editing by Muralikumar Anantharaman)

Source: OANN

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FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the NYSE in New York
FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Pushkala Aripaka and Ankur Banerjee

(Reuters) – AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China.

Newer treatments such as lung cancer drug Tagrisso, now the company’s top selling medicine, have helped the drugmaker’s return to growth after years of crumbling sales due to patent losses on older drugs.

Sales in China have shown explosive growth, more than doubling since 2012, but AstraZeneca executives on Friday said that may not be sustained.

“The enormous growth you currently see in China, 28 percent, probably is not sustainable, but we feel very bullish that the growth will continue to be at a pace of between 15 percent and 20 percent,” Ruud Dobber, executive vice president, BioPharma, told Reuters.

Shares of the company were down 0.2 percent at 5,878 pence at 1031 GMT.

The turnaround in AstraZeneca’s fortunes has been powered by a push into cancer treatments led by Chief Executive Pascal Soriot, who saw off a 2014 takeover bid from Pfizer in part by promising annual sales of $45 billion by 2023.

In the first quarter, sales from its oncology unit rose 59 percent to $1.89 billion, accounting for 35 percent of total product sales.

The company has moved deeper into cancer therapy market through wide-ranging deals, including those for immunotherapy and targeted therapy. Last month, it agreed a multi-billion dollar oncology deal with Japan’s Daiichi Sankyo Co Ltd.

Interactive graphic on AZN’s top 10 drugs by sales – https://tmsnrt.rs/2W5XIRX

“We’re reaching that point where after years of having to keep faith, we have actually got something tangible to believe in,” Hargreaves Lansdown analyst Nicholas Hyett said.

AstraZeneca also backed its annual sales and earnings forecast and said it has extensively prepared for UK’s anticipated exit from the European Union, even in the event of a no-deal exit.

The company has already spent more than 40 million pounds ($52 million) on Brexit preparations, including stockpiling six weeks’ worth of drugs in the UK and four weeks in continental Europe to guard against shortages.

AstraZeneca said product sales rose 14 percent at constant currency to $5.47 billion in the quarter, led by its lung cancer drug Tagrisso and respiratory treatment Pulmicort.

Interactive graphic on AZN’s quarterly oncology sales – https://tmsnrt.rs/2W9tbCD

China sales increased by 28 percent to $1.24 billion in the quarter, accounting for nearly a quarter of overall product sales.

Core earnings came in at 89 cents per share in the quarter. Analysts on average were expecting core earnings of 85 cents per share and product sales of $5.29 billion, according to a company provided consensus of 19 analysts.

(Reporting by Pushkala Aripaka and Ankur Banerjee in Bengaluru; Editing by Bernard Orr/Keith Weir)

Source: OANN

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It’s the type of crime that doesn’t happen every day.

Police in the suburbs of Philadelphia say three suspects broke into a medical facility in Wynnewood, Pennsylvania, last Saturday and fled with 18 colonoscopies – devices used for examining the health of patients’ colons.

Suspects are seen leaving a medical facility in Wynnewood, Pa., allegedly carrying 18 colonoscopes worth about $450,000. (Lower Merion Police Department)

Suspects are seen leaving a medical facility in Wynnewood, Pa., allegedly carrying 18 colonoscopes worth about $450,000. (Lower Merion Police Department)

AMERICAN SUPERMODEL PAT CLEVELAND ‘STAYING STRONG’ FOLLOWING COLON CANCER DIAGNOSIS

The devices were reportedly worth a total of about $450,000, authorities said.

But police were perplexed about what the suspects might have planned to do with the instruments.

“This is not something that a typical pawn shop might accept,” Lower Merion Police Detective Sergeant Michael Vice told Philadelphia’s WCAU-TV. “My feeling would be that it was some type of black market sales.”

Such a market apparently does exist, Lower Merion Police Superintendent Michael J. McGrath told Philly.com.

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“They appeared to know precisely where to go, and they pried the door open,” McGrath said of the suspects, who were captured on surveillance video leaving the facility, carrying bulging backpacks.

Police are hoping the suspects will be caught in the end.

Source: Fox News National

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