• AstraZeneca Unveils Data Behind New Win For Blockbuster Drug

    AstraZeneca Unveils Data Behind New Win For Blockbuster Drug(Bloomberg) — AstraZeneca Plc’s blockbuster drug Tagrisso cut the risk of lung cancer death or relapse by four-fifths over three years, according to detailed results from a study that raises survival prospects for patients in the early stages of the deadly disease.Adding Tagrisso to the regimen of early-stage lung cancer patients who had undergone surgery reduced the risk of dying or disease recurrence by 79%, compared with a placebo, according to the research. Patients’ tumors also had a mutation in a cancer-linked gene, called EGFR. AstraZeneca will present the results at the American Society of Clinical Oncology’s annual conference on Sunday, a month and a half after the trial was halted early because of its strong outcome.Tagrisso is Astra’s biggest product, with sales of $982 million in the first quarter of this year. Around 60,000 additional patients may be eligible for treatment if the drug is approved in early-stage, post-surgical lung cancer, according to Dave Fredrickson, vice president for global oncology. Patients would take the drug for two to three years.The most important implication of the trial is that it provides a “reason for more early screening to take place for lung cancer patients,” Fredrickson said in an interview. “The improved outcome that we’re seeking is cure.”AstraZeneca’s American depositary receipts jumped as much as 5.3% in extended trading in New York Thursday. London-based shares of the Cambridge, England-based company are up more than 40% in the past year.Early screening often doesn’t take place currently because there are few therapies available compared with those for late-stage lung cancer, he said.After two years of treatment, 89% of patients in the trial treated with Tagrisso remained alive and disease-free, compared with 53% on placebo, Astra said. The results were consistent, whether patients got chemotherapy along with surgery or not.The ASCO conference is a key event in the calendar of oncology researchers and physicians, with scientists showcasing their best work and unveiling results from high-profile trials. This year’s meeting will be online due to the pandemic, with access to all results from the gathering available starting on Friday.(Updates with share movement in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • MARKETS: Dow, S&P 500, Nasdaq close lower after late-day selloff — YF Premium is bullish on Alibaba (BABA)

    MARKETS: Dow, S&P 500, Nasdaq close lower after late-day selloff — YF Premium is bullish on Alibaba (BABA)Yahoo Finance’s Jared Blikre joins Seana Smith to break down the day’s price action in stocks as well as a long in Alibaba (BABA), a Yahoo Finance Premium Investment Idea.

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  • Why it could be the perfect time to buy this Vanguard ETF

    Exchange Traded Fund (ETF)

    I believe it could be the perfect time to buy the Vanguard MSCI Index International Shares ETF (ASX: VGS).

    About Vanguard MSCI Index International Shares ETF

    Firstly, let me tell you about Vanguard if you don’t already know. It’s one of the world’s biggest providers of exchange-traded funds (ETFs). It’s special because it’s not trying to make heaps of money from its investors. Instead, the owners of Vanguard are the investors. Vanguard shares the profit with investors in the form of lower fees.

    This particular ETF invests in the entire global share market. It’s invested in almost every major share market such as the US, Japan, the UK, Switzerland, France, Canada, Germany, the Netherlands, Hong Kong, Sweden and so on.

    Vanguard MSCI Index International Shares ETF also has attractive diversification in the sense of the different industries it’s invested in. The biggest allocation is 20% to IT, followed by 14.7% to health care, 12.7% to financials, 10.9% to consumer discretionary, 10% to industrials, 9% to communication services and 8.7% to consumer staples.

    In terms of actual holdings it’s invested in almost 1,600 businesses. But its top holdings are: Apple, Microsoft, Amazon, Alphabet, Facebook, Johnson & Johnson, Nestle, Visa, JPMorgan Chase and Proctor & Gamble.

    Why I think it’s a good time to buy

    This could be one of the easiest investments to hold for the long-term in any environment because of the Vanguard ETF’s diversification. It also has a very low management fee. It’s not the cheapest out there, but 0.18% per annum is great for the global nature of it.

    I think it’s a good time to buy for two reasons. Number one is that Vanguard MSCI Index International Shares ETF is still 11% lower than its pre-coronavirus high. Bearing in mind that interest rates are now incredibly low, that’s not bad at all if you’re a long-term investors. Granted, there could be more declines later this year. Particularly with the US election coming up. 

    Second, the Australian dollar has significantly recovered. The Aussie dollar now buys US$0.66. During the worst part of the crash it was under US$0.60. This gives us more buying power to buy international shares compared to nearly all of April and May.

    You can build a strong portfolio with an essential ETF like the Vanguard one and combine it with exciting growth shares like these ones:

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    More reading

    Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Vanguard MSCI Index International Shares ETF. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    The post Why it could be the perfect time to buy this Vanguard ETF appeared first on Motley Fool Australia.

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