The Federal Communications Commission on Thursday voted to begin scaling back a program designed to help low-income Americans access the internet.
The federal Lifeline program, established in 1985, provides discounted phone and internet service in poorer communities. The FCC expanded the program to include broadband last year, and has given participating households a $9.25 per month credit to use for internet access.
Thursday’s 3-2 party line vote means one piece of the program will change immediately, and lays the ground work to alter or kill other pieces.
The commission will almost immediately limit a $25 extra subsidy for homes situated anywhere on Tribal lands to rural areas only. The benefit is applied on top of the $9.25 subsidy already offered by the program.
Another proposal still under consideration by the panel includes preventing resellers, or internet providers that don’t run their own infrastructure like AT&T or Sprint, from providing Lifeline support, meaning some in the program might not be able to stay with their current provider, or sign up with one at all.
best stocks today: Summer Infant Inc.(SUMR)
- [By Peter Graham]
A long term performance chart shows shares of Childrens Placeoutperforming last year before leveling off into a range while mid cap peerCarter’s, Inc (NYSE: CRI) is nearing previous highs againand small cap Summer Infant, Inc (NASDAQ: SUMR) is well below previous highs:
best stocks today: TransAlta Renewables Inc. (TRSWF)
- [By SEEKINGALPHA.COM]
TransAlta Renewables (OTC:TRSWF) (RNW CA) is a good comp, and trades at 12.3x EBITDA. Similar to NYLD, they own renewables as well as a few gas-fired power plants. The yield on RNW is similar to NYLD at 6.0%. The only real difference is that RNW is less levered (mid-3s on a debt/EBITDA basis), but has clearly overpaid for certain assets in order to help the parent (TransAlta Corp. ticker TA in Canada) to delever.
best stocks today: Cleveland BioLabs, Inc.(CBLI)
- [By Alex McGuire]
You see, penny stocks are attractive because they can offer double-digit or even triple-digit returns in a very short time. For example, Cleveland BioLabs Inc. (Nasdaq: CBLI) skyrocketed from $1.56 at the Thursday, April 13, close to $5.10 on Wednesday, April 19. That’s a stunning 227% return in just three sessions (the markets were closed that Friday).
- [By Alex McGuire]
As a service to our readers, the following list provides the 10 top pharmaceutical stocks to watch this month (May 2017), including the biggest gainers from April…
Pharmaceutical Stock Current Share Price April 2017 Gain
Cleveland BioLabs Inc. (Nasdaq: CBLI) $3.62 +120.6%
Nexvet Biopharma Plc. (Nasdaq: NVET) $6.61 +69.7%
Motif Bio Plc. (Nasdaq ADR: MTFB) $10.10 +68.2%
Axovant Sciences Ltd. (NYSE: AXON) $24.43 +62.3%
Cyclacel Pharmaceuticals Inc. (Nasdaq: CYCC) $5.49 +46.7%
Conatus Pharmaceuticals Inc. (Nasdaq: CNAT) $8.67 +44.9%
Akebia Therapeutics Inc. (Nasdaq: AKBA) $13.07 +43.3%
Akorn Inc. (Nasdaq: AKRX) $33.28 +38.9%
Rockwell Medical Inc. (Nasdaq: RMTI) $8.78 +37.4%
Akari Therapeutics Plc. (Nasdaq ADR: AKTX) $15.02 +35.4%
The best-performing pharma stock of the month – Cleveland BioLabs Inc. – surged 120.6% to $3.53 a share by April 28. That crushed both the Nasdaq Biotech Index’s 1.5% gain and the Dow Jones’ 1.3% rise over the same period.
- [By Lisa Levin]
In trading on Tuesday, healthcare shares fell by 0.98 percent. Meanwhile, top losers in the sector included Cleveland BioLabs, Inc. (NASDAQ: CBLI), down 25 percent, and Infinity Pharmaceuticals Inc. (NASDAQ: INFI), down 8 percent.
best stocks today: DIRECTV(DTV)
- [By Christopher Freeburn]
Service disruptions on DirecTV’s (DTV) website temporarily interfered with subscribers’ ability to stream National Football League (NFL) games online for the last two Sundays.
best stocks today: WMIH Corp.(WMIH)
- [By SEEKINGALPHA.COM]
Many talented authors have posted about publicly listed equities trading at or near asset value with significant tax attributes, namely Net Operating Losses (NOLs), and the inherent asymmetry when an activist or new management makes a break from money losing operations to pursue transformative acquisitions. Several of the activists or lead investors, such as Becker Drapkin (EMKR, CNSI, SDOI) or Sam Zell’s Equity Group Investments (PARR and RELY), have long track records of successfully repurposing tax attribute rich companies via creative financing and transformative acquisitions. There are also some newer entrants into the space, such as KKR (OTCQB:WMIH) and Carlson Capital (OTCQB:SWKH).