2024

[Typical Lax Dad]

https://www.investopedia.com/carl-icahn ... up-7373566

Old news. Ichan's attempt at a BoD takeover failed. He's now just a pissed off shareholder, like me.

You are not only whining, you are also angry.

Wait.... so European regulators blocked the buy, too? Well, now you're out of legs to stand on, OS.

Earlier this month, Icahn sent an open letter to shareholders saying that the Illumina lost $50 billion in market capitalization since August 2021 as a direct result of "ill-advised (and frankly inexplicable) actions" taken in connection with the $8 billion acquisition of cancer-detection test maker GRAIL in September 2020.

Illumina closed the deal in August 2021, ahead of European regulatory approval. Last year, European officials ruled that it violated antitrust rules and ordered a divestiture. Illumina is appealing the decision.

Icahn, who holds a 1.4% stake in Illumina, claimed that, because of the costly bungling of the GRAIL purchase, the management team and board should be fired and investigated. He indicated that, over the past few weeks, "we have been working privately to try to find a way to help Illumina and our fellow shareholders," but to no avail, so the decision was made to launch a proxy contest.

I addressed that earlier. The EC did not have jurisdiction. This was unprecedented by the EC. Neither company is located in a member state.
The EC does not dictate policy to US companies. EC approval is not required for a merger of 2 US companies. If Illumina developed Grail's cancer test & brought it to market, would the EC deny it to patients in the EU ?

https://www.wsgr.com/en/insights/illumi ... olicy.html

...the European Commission’s (EC’s) ability to review transactions that did not meet EU-level or national thresholds but were referred to the EC by an EU Member State under Article 22 of the EU Merger Regulation (EUMR).

Advocate General (AG) Emiliou’s Opinion criticizes the EC’s revised Article 22 EUMR policy, noting that the GC’s ruling would give rise to a “very significant extension” of the EC’s jurisdiction, with the EC being able to “review almost any concentration, occurring anywhere in the world.”

You should let the attorneys know this. Write a terse letter. Meanwhile in the real world: https://investors.grail.com/investor-relations/

Your link explained it accurately.

With regard to the European Union, Illumina justified closing the deal by taking the position that it did not believe the European Commission nor its member states had jurisdiction over the transaction, given that GRAIL has no business in the European Union.

In early 2023, the U.S. Chamber of Commerce (the “Chamber”) published 332 records it obtained following protracted litigation of a 2022 FOIA request for communications between the FTC and enforcers outside the United States regarding the Illumina/GRAIL transaction. Shortly after publication of these records, Illumina requested that the ALJ reopen the record to admit additional documents, which Illumina argued raised due process concerns because the documents indicated that the FTC was potentially improperly coordinating with foreign antitrust authorities. The Chamber alleged that the competition enforcers were engaged in “forum shopping,” with the European Union taking action soon after the ALJ had approved the deal. A Chamber official was quoted as stating, “t appears that what’s occurring here with the Federal Trade Commission isn’t international regulatory cooperation. Instead, it’s international regulatory collusion.”1

Illumina then made similar assertions in its briefing once the case arrived before the FTC on appeal. The FTC dismissed those due process concerns, .

I know it did. And I may buy Grail tomorrow morning. You can keep pouting.

Welcome aboard. As an Illumina shareholder, I automatically have a seat in the Grail lifeboat.

https://ec.europa.eu/commission/pressco ... ip_24_1964

[old salt]

https://www.investopedia.com/carl-icahn ... up-7373566

Old news. Ichan's attempt at a BoD takeover failed. He's now just a pissed off shareholder, like me.

You are not only whining, you are also angry.

Wait.... so European regulators blocked the buy, too? Well, now you're out of legs to stand on, OS.

Earlier this month, Icahn sent an open letter to shareholders saying that the Illumina lost $50 billion in market capitalization since August 2021 as a direct result of "ill-advised (and frankly inexplicable) actions" taken in connection with the $8 billion acquisition of cancer-detection test maker GRAIL in September 2020.

Illumina closed the deal in August 2021, ahead of European regulatory approval. Last year, European officials ruled that it violated antitrust rules and ordered a divestiture. Illumina is appealing the decision.

Icahn, who holds a 1.4% stake in Illumina, claimed that, because of the costly bungling of the GRAIL purchase, the management team and board should be fired and investigated. He indicated that, over the past few weeks, "we have been working privately to try to find a way to help Illumina and our fellow shareholders," but to no avail, so the decision was made to launch a proxy contest.

I addressed that earlier. The EC did not have jurisdiction. This was unprecedented by the EC. Neither company is located in a member state.
The EC does not dictate policy to US companies. EC approval is not required for a merger of 2 US companies. If Illumina developed Grail's cancer test & brought it to market, would the EC deny it to patients in the EU ?

https://www.wsgr.com/en/insights/illumi ... olicy.html

...the European Commission’s (EC’s) ability to review transactions that did not meet EU-level or national thresholds but were referred to the EC by an EU Member State under Article 22 of the EU Merger Regulation (EUMR).

Advocate General (AG) Emiliou’s Opinion criticizes the EC’s revised Article 22 EUMR policy, noting that the GC’s ruling would give rise to a “very significant extension” of the EC’s jurisdiction, with the EC being able to “review almost any concentration, occurring anywhere in the world.”

You should let the attorneys know this. Write a terse letter. Meanwhile in the real world: https://investors.grail.com/investor-relations/

Your link explained it accurately.

With regard to the European Union, Illumina justified closing the deal by taking the position that it did not believe the European Commission nor its member states had jurisdiction over the transaction, given that GRAIL has no business in the European Union.

In early 2023, the U.S. Chamber of Commerce (the “Chamber”) published 332 records it obtained following protracted litigation of a 2022 FOIA request for communications between the FTC and enforcers outside the United States regarding the Illumina/GRAIL transaction. Shortly after publication of these records, Illumina requested that the ALJ reopen the record to admit additional documents, which Illumina argued raised due process concerns because the documents indicated that the FTC was potentially improperly coordinating with foreign antitrust authorities. The Chamber alleged that the competition enforcers were engaged in “forum shopping,” with the European Union taking action soon after the ALJ had approved the deal. A Chamber official was quoted as stating, “t appears that what’s occurring here with the Federal Trade Commission isn’t international regulatory cooperation. Instead, it’s international regulatory collusion.”1

Illumina then made similar assertions in its briefing once the case arrived before the FTC on appeal. The FTC dismissed those due process concerns, .

I know it did. And I may buy Grail tomorrow morning. You can keep pouting.

Welcome aboard. As an Illumina shareholder, I automatically have a seat in the Grail lifeboat.

https://ec.europa.eu/commission/pressco ... ip_24_1964

Three Cheers for the EUroburghers. They helped Madame Khan devalue a great American company & diminished the global leader in it's field.

[LaxFan2311]

Trump complimented his daughter. Biden actually raped his own daughter and molested countless others with photo and video evidence. The Epstein Island thing has been debunked. As soon as Trump realized who Epstein really was, he banned him from his properties and disowned him. Meanwhile Joe Biden kept on molesting innocent people. You live in New Jersey. One of the heavily taxed states in the country. Epstein didn’t commit suicide. He was killed by the Clinton cabal because Bill Clinton went to Epstein’s island dozens of times. It’s amazing how all you do is lie. Yet simp so hard for Biden who is a known rapist and pedophile. You support incest, rape and pedophilia. You’re such a good little Democrat. Enjoy living in New Jersey which is the armpit in the US and being destroyed by Democrats.

[LaxFan2311]

Scoreboard update:

Sinbinned reported posters - 0
gfy, nothing to see here - 2, +1 stern warning.
Keep swingin'.

How is this not trolling?

[Typical Lax Dad]

https://www.investopedia.com/carl-icahn ... up-7373566

Old news. Ichan's attempt at a BoD takeover failed. He's now just a pissed off shareholder, like me.

You are not only whining, you are also angry.

Wait.... so European regulators blocked the buy, too? Well, now you're out of legs to stand on, OS.

Earlier this month, Icahn sent an open letter to shareholders saying that the Illumina lost $50 billion in market capitalization since August 2021 as a direct result of "ill-advised (and frankly inexplicable) actions" taken in connection with the $8 billion acquisition of cancer-detection test maker GRAIL in September 2020.

Illumina closed the deal in August 2021, ahead of European regulatory approval. Last year, European officials ruled that it violated antitrust rules and ordered a divestiture. Illumina is appealing the decision.

Icahn, who holds a 1.4% stake in Illumina, claimed that, because of the costly bungling of the GRAIL purchase, the management team and board should be fired and investigated. He indicated that, over the past few weeks, "we have been working privately to try to find a way to help Illumina and our fellow shareholders," but to no avail, so the decision was made to launch a proxy contest.

I addressed that earlier. The EC did not have jurisdiction. This was unprecedented by the EC. Neither company is located in a member state.
The EC does not dictate policy to US companies. EC approval is not required for a merger of 2 US companies. If Illumina developed Grail's cancer test & brought it to market, would the EC deny it to patients in the EU ?

https://www.wsgr.com/en/insights/illumi ... olicy.html

...the European Commission’s (EC’s) ability to review transactions that did not meet EU-level or national thresholds but were referred to the EC by an EU Member State under Article 22 of the EU Merger Regulation (EUMR).

Advocate General (AG) Emiliou’s Opinion criticizes the EC’s revised Article 22 EUMR policy, noting that the GC’s ruling would give rise to a “very significant extension” of the EC’s jurisdiction, with the EC being able to “review almost any concentration, occurring anywhere in the world.”

You should let the attorneys know this. Write a terse letter. Meanwhile in the real world: https://investors.grail.com/investor-relations/

Your link explained it accurately.

With regard to the European Union, Illumina justified closing the deal by taking the position that it did not believe the European Commission nor its member states had jurisdiction over the transaction, given that GRAIL has no business in the European Union.

In early 2023, the U.S. Chamber of Commerce (the “Chamber”) published 332 records it obtained following protracted litigation of a 2022 FOIA request for communications between the FTC and enforcers outside the United States regarding the Illumina/GRAIL transaction. Shortly after publication of these records, Illumina requested that the ALJ reopen the record to admit additional documents, which Illumina argued raised due process concerns because the documents indicated that the FTC was potentially improperly coordinating with foreign antitrust authorities. The Chamber alleged that the competition enforcers were engaged in “forum shopping,” with the European Union taking action soon after the ALJ had approved the deal. A Chamber official was quoted as stating, “t appears that what’s occurring here with the Federal Trade Commission isn’t international regulatory cooperation. Instead, it’s international regulatory collusion.”1

Illumina then made similar assertions in its briefing once the case arrived before the FTC on appeal. The FTC dismissed those due process concerns, .

I know it did. And I may buy Grail tomorrow morning. You can keep pouting.

Welcome aboard. As an Illumina shareholder, I automatically have a seat in the Grail lifeboat.

https://ec.europa.eu/commission/pressco ... ip_24_1964

Three Cheers for the EUroburghers. They helped Madame Khan devalue a great American company & diminished the global leader in it's field.

A company with a $478 million market cap that has a “true value” of $7.1 billion is a good buy. . Watching USA Olympics Women’s Gymnastics trials. Looks like a lot of unqualified participants to me.

[NattyBohChamps04]

[SCLaxAttack]

Enough with all the discussion of Illumina and whether or not it was a valid target of a breakup. Let’s revisit what is now even more open since last Thursday when Trump started with “black jobs” and using “Palestinians” in a derogatory manner. With Biden’s performance MAGAts have become more brazen in their openess.

You have a beef with the head of the FTC, say you have a beef with the head of the FTC. This - “unprecedented jihad by Biden's DEI star FTC Chair - isn’t that. We know what this is, and it’s atrocious.

[Typical Lax Dad]

Enough with all the discussion of Illumina and whether or not it was a valid target of a breakup. Let’s revisit what is now even more open since last Thursday when Trump started with “black jobs” and using “Palestinians” in a derogatory manner. With Biden’s performance MAGAts have become more brazen in their openess.

You have a beef with the head of the FTC, say you have a beef with the head of the FTC. This - “unprecedented jihad by Biden's DEI star FTC Chair - isn’t that. We know what this is, and it’s atrocious.

He won’t be cowed.

[old salt]

DEI is not worth this.

https://www.wsj.com/articles/lina-khan- ... t-6e2738c1

Lina Khan Blocks Cancer Cures
Illumina’s acquisition of Grail would save lives, and it’s crazy for the FTC to call it a monopoly.
by John Tamny, April 27, 2023

Pancreatic cancer is almost always fatal because it’s already in late stages by the time it’s caught. Imagine being able to diagnose it while it’s still at stage 1. That can now be done thanks to Grail, a company with a mission to detect cancer early, when it can still be cured.

But Grail’s potential to save lives is seemingly lost on Federal Trade Commission Chairman Lina Khan. She is making unceasing efforts, wrapped in antitrust language, to block Illumina’s acquisition of Grail, a company it spun off in 2016. Based on past applications of antitrust law, there’s no case against the combination. Given the numerous forms of cancer, and how defenseless we are against so many of them, it’s difficult to make the argument that the merger of Illumina and Grail would amount to a monopoly. How can a service (early cancer detection) that doesn’t yet exist amount to a monopoly?

None of this seems to matter to Ms. Khan, whose main objective appears to be restraining the growth of successful businesses. The FTC’s in-house administrative-law judge ruled against her arguments and approved the merger, but Ms. Khan overruled that decision this month. In the meantime, Illumina is prohibited from working to improve access to cancer detection.

Things are no better across the Atlantic. The European Union invented new rules to block the merger—never mind that Grail isn’t available in Europe and won’t be for years. There isn’t even a market to regulate given the total lack of competing cancer blood tests. What antitrust regulators are doing has health implications well beyond the medically advanced U.S., as medical care is relatively primitive in much of the world.

Grail’s acquisition is crucial. Illumina possesses what Grail lacks: global reach. The latter looms large on the matter of saving lives. Precisely because Grail’s blood-testing technology can detect cancer ahead of its most lethal stages, it’s essential for hospitals in poorer countries lacking the ability to treat advanced stages of cancer.

For those in whom cancer is discovered late, the only realistic answer is making one’s way to Western hospitals. Early detection would save money in advanced countries by catching cancer at stages where it’s easier to treat.

Grail finds cancer while it’s treatable, and Illumina possesses the global reach to help those who won’t survive absent early treatment. The sooner they’re allowed to work together—the sooner Lina Khan stops standing between them—the more lives that can be saved.

[DMac]

Scoreboard update:

Sinbinned reported posters - 0
gfy, nothing to see here - 2, +1 stern warning.
Keep swingin'.

How is this not trolling?

Trolling??
Scorekeeper just puts the score up,
this is one of those don't shoot the
messenger things.

[LaxFan2311]

Scoreboard update:

Sinbinned reported posters - 0
gfy, nothing to see here - 2, +1 stern warning.
Keep swingin'.

How is this not trolling?

Trolling??
Scorekeeper just puts the score up,
this is one of those don't shoot the
messenger things.

Happy Monday!

Your daily reminder of how pathetic and horrible the Democrat Party is:

The Democrat party is unrecognizable today. Democrats today support:

High inflation
Endless wars
Believe men can be women (What the heck) (why don’t Democrats trust the science of biology and bodily anatomy?)
Democrats think masking works and so do 12 booster shots for a COVID virus that is the flu. ( why don’t they trust the science here?!?)
Democrats support pornographic books being promoted and read to children in school.
Democrats support grooming of children.
Support open borders
Support illegal aliens over law abiding citizens
Support illegals replacing the American electorate to maintain power
High taxes on the middle class
Support enslaving black people to their causes. Democrats are the party of racism, slavery and the KKK. What good have Democrats ever done for black people besides keep them as slaves? Democrat policies have destroyed the black nuclear family and created a culture that glorifies violence. The vast majority of violent crime per capita is committed by black men. That’s all due to the Democrat Party replacing the breadwinner of the black family with government welfare.
Democrats Support pedophilia, incest and rape ( all things Biden has committed- he raped his own daughter and molested countless others with video and photographic evidence to prove it)
They support voter fraud and fraudulent elections to maintain power (fascism)
They support imprisoning their political opponents (fascist)
They support censoring free speech (fascism)
They support killing babies via abortion up to and after birth
Democrats support putting America and its citizens last.

The whole country knows that now after the debate Trump utterly destroyed Pedophile Joe Biden.

MAGA is about putting America First. Trump showed power, command and strength. He was under control and provided a sense of security for the country and its people. Voting for Trump means a return to normalcy and success for all Americans.

[DMac]

Happy Monday to you as well, a new day to wear your fashionable rainbow colored MAGA hat (guessing a little bit there cuz I know it's not red) out and about.
W*T*F is all that you put up there? Just the same o', same o', you need some new material or just title your post, Different Day But Same Schidt. You can do that you know. Oh, and when you send PMs and delete 'em before they're read by the receiver of said deleted messages, they still get notice that they were sent but deleted. Just lettin' you know.

[Seacoaster(1)]

Boycott Stupid.

[OuttaNowhereWregget]

https://www.realclearpolling.com/bettin ... /president

[a fan]

Why is she a “DEI Star” and not just a rogue regulator? Or an over-aggressive head of the FTC? Maybe because you’re racist? Don’t like “ladies” in charge of things. Maybe you’re just an out of touch whiner with a racist profile. Food for thought.

Why is she in that job ? Certainly not based on her work experience ? Food for thought.

Someone should take Saltine's shovel so he will stop digging before he ends up in the Forbidden City!!!!!!!!

OS, FFS, have you seen her CV? In what world is she not qualified?

What's the problem with this....?

https://en.wikipedia.org/wiki/Lina_Khan

She’s not a man. She’s not white. She wasn’t in a branch of the armed services. She works on a Democratic administration. So? The devil, and underqualified to boot. You give this bonehead too much air time.

She's not qualified. No business experience. An academic with an agenda, defending her PhD thesis.

Well, unlike you, she can tell that 80% marketshare is a clear monopoly. You need more business experience in order to understand that....and I'm dead serious. If you don't get why owning 80% of a market a problem? You don't know thing one about American business.

Amazon isn't even at 40% marketshare, OS. That's how ridiculous your claim is that Khan is crazy to not let a company with 80% of the market keep snapping up more companies.

Even more absurd is your claim that these companies can't function and will fail if Khan doesn't let them get bigger. Your claims are over the top ridiculous, and self serving. They can't afford R&D with a 80& marketshare, and $17Billion market cap? Yeah, right.

Your family grocery that set your path in life would have never existed if we had allowed one company to own 80% of the American grocery market. A chain that started in a big city with all the capital would have set up shop in your town, and put them out of business by pummeling them on low prices.

And you would never have known who Ms. Khan was because you sure as sh9t wouldn't own millions of dollars of shares in ANY company, let alone Illumina.

[SCLaxAttack]

Why is she a “DEI Star” and not just a rogue regulator? Or an over-aggressive head of the FTC? Maybe because you’re racist? Don’t like “ladies” in charge of things. Maybe you’re just an out of touch whiner with a racist profile. Food for thought.

Why is she in that job ? Certainly not based on her work experience ? Food for thought.

Someone should take Saltine's shovel so he will stop digging before he ends up in the Forbidden City!!!!!!!!

OS, FFS, have you seen her CV? In what world is she not qualified?

What's the problem with this....?

https://en.wikipedia.org/wiki/Lina_Khan

She’s not a man. She’s not white. She wasn’t in a branch of the armed services. She works on a Democratic administration. So? The devil, and underqualified to boot. You give this bonehead too much air time.

She's not qualified. No business experience. An academic with an agenda, defending her PhD thesis.

Well, unlike you, she can tell that 80% marketshare is a clear monopoly. You need more business experience in order to understand that....and I'm dead serious. If you don't get why owning 80% of a market a problem? You don't know thing one about American business.

Amazon isn't even at 40% marketshare, OS. That's how ridiculous your claim is that Khan is crazy to not let a company with 80% of the market keep snapping up more companies.

Even more absurd is your claim that these companies can't function and will fail if Khan doesn't let them get bigger. Your claims are over the top ridiculous, and self serving. They can't afford R&D with a 80& marketshare, and $17Billion market cap? Yeah, right.

Your family grocery that set your path in life would have never existed if we had allowed one company to own 80% of the American grocery market. A chain that started in a big city with all the capital would have set up shop in your town, and put them out of business by pummeling them on low prices.

And you would never have known who Ms. Khan was because you sure as sh9t wouldn't own millions of dollars of shares in ANY company, let alone Illumina.

If he were a decade younger he'd be the produce manager at his local Hy-Vee, worried that if his beloved Rs take the executive branch and both Congressional houses that they'll raise the age for social security, forcing him to continue to harm his ailing back while lifting 75lb boxes of potatoes well into his 70s. Because everyone has the ability to become millionaires in our perfectly level economic playing field so we shouldn't pick on the 1%ers.

[njbill]

Very powerful address by Biden tonight. Joe is back!

So evidently is the Hollywood-quality makeup artist who was MIA in Atlanta.

[LaxFan2311]

Very powerful address by Biden tonight. Joe is back!

So evidently is the Hollywood-quality makeup artist who was MIA in Atlanta.

Why was he so ORANGE? It was a cowardly address that did nothing, but interrupt people from watching Jeopardy!

Chickens have come home to roost for Biden and the Democrats who obviously can’t beat Trump fairly and thus must cheat in elections and try to put political opponents in prison.

[njbill]

Well, based on the decision of the Trump Supreme Court today, if he loses, Biden can simply order the election results changed so that he wins. He has the power to do that and won’t have any criminal liability.

[OuttaNowhereWregget]

It's interesting to consider--often the battle lines are depicted as the Democrats versus Trump. Or Americans vs Trump. One of the afterthoughts from the debate has been, too bad Biden didn't (read: wasn't cognitively able) hammer Trump on his lies. I don't know what folks think that would've done. They don't realize there's this whole ocean of people in this country who are sick and tired of liberal agendas being jammed down their throats. Make Trump look bad? Hammer him on his lies? Bring up his 34 felony convictions? (Boy oh boy are they pounding that into the ground). 34 felonies! 34 felonies! Convicted felon! Convicted felon! People who feel they have a voice in Donald Trump only dig their heels in deeper. I have to say it is very satisfying to see all these tactics of the Libs and Dems blowing up in their faces. Trying to remove Trump in all these different ways and they're all backfiring. And now here we are four months before the election and the Democrat party is in a state of panic and chaos--worse than ever. Their lies and covering up for Biden finally exposed, and it's Trump who's on a winning streak. Teflon Don. Nothing's sticking to him. And the more that happens the more insane and shrill the Libs/Dems get. It's going to be a wild ride from here to Election Day.