What to watch in biotech at the JPM Healthcare Conference and beyond in 2019

first_img About the Author Reprints What to watch in biotech at the JPM Healthcare Conference and beyond in 2019 GET STARTED Unlock this article — plus daily coverage and analysis of the biotech sector — by subscribing to STAT+. First 30 days free. GET STARTED Senior Writer, Biotech Adam is STAT’s national biotech columnist, reporting on the intersection of biotech and Wall Street. He’s also a co-host of “The Readout LOUD” podcast. [email protected] @adamfeuerstein Adam Feuerstein STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Adobecenter_img By Adam Feuerstein Dec. 13, 2018 Reprints Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. What’s included? Any look ahead at expectations for biotech in 2019 needs to start with a brief recap of the past 12 months because — oh, boy — 2018 was a challenging, healthy, volatile, productive, frustrating, and abundant year. Most of all, it was weird.A torrent of money poured into the biotech sector but the volume of merger-and-acquisitions dried up and stock prices fell. Initial public offerings set records but average returns were mediocre. The Food and Drug Administration approved more drugs in a single calendar year than ever before, but squabbles over pricing and reimbursement grew more intense. Commercial launches were hit or miss. The pace of scientific breakthroughs quickened but optimism was often overshadowed by macro fears about tariffs and looming trade wars. What is it? Biotech Log In | Learn More Tags biotechnologydrug developmentSTAT+last_img read more

Three Laois enterprise centres to benefit from €200,000 funding

first_img By Alan Hartnett – 21st November 2020 Three Laois enterprise centres to benefit from €200,000 funding Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Facebook WhatsApp Pinterest Electric Picnic organisers release statement following confirmation of new festival date Twitter Electric Picnic Previous articleFr Paddy: Joe Biden … A man of faithNext articleLaois camogie manager Desmond hoping for ‘big performance’ as his side go for All-Ireland final spot Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Twitter Electric Picnic Facebook TAGSPortarlington Enterprise TownPortlaoise Enterprise CentreVision 85 Pinterest RELATED ARTICLESMORE FROM AUTHOR Home News Three Laois enterprise centres to benefit from €200,000 funding News Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Three Laois enterprise centres have been awarded funding to the tune of €202,640 from Enterprise Ireland.Portlaoise Enterprise Centre is to receive €88,000 while its Portarlington sister is to get €67,840.Vision 85, which operates in Portlaoise, is also set to receive €46,800.Welcoming the announcement, Portlaoise Enterprise Centre coordinator Patricia Frayne said: “Remote working hubs are key to the new work triangle of Hub-Home-HQ as many people seek to ‘work near home’ rather than ‘work from home’.“This funding will help us to continue to provide a first class service to our existing client base and to expand our offering to welcome new clients to our Centre.“2020 has been a challenging one for all businesses and we look forward to continuing to support enterprise development by providing remote working facilities, small offices, industrial units and meeting & training facilities at Portlaoise Enterprise Centre.“It is wonderful that the government recognises the importance of enterprise centres and remote working hubs and has put this funding in place to ensure we can continue to play a vital part in Ireland’s economic recovery.”Also welcoming the news, Minister for State Sean Fleming said: “Some of these centres have seen a reduction in business activity as a result of COVID.“These funds will help ensure that the centres can continue into the future and provide improved services especially due to the requirement for increased connectivity for people in the county which can be achieved in these enterprise centres.“Also, this will help businesses who are located in these enterprise centres through allowing funding for the centres in which they operate to continue to support them in their provision of local services and employment.”SEE ALSO – Young Laois journalist wins prestigious national award News WhatsApplast_img read more

Torosis talks local rent control

first_imgHomeNewsCity CouncilTorosis talks local rent control Oct. 25, 2016 at 1:30 pmCity CouncilTorosis talks local rent controlGuest Author5 years agocaroline torosiscity councilelectionrent controlSanta Monica City Councilsanta monica daily presssanta monica electiontorosis Meet the Candidates of this years Election“I think there is a lot that could be done at the local level, we really need to ensure that we are maintaining and returning local control to Santa Monica to make decisions about when units can be removed from the rental market.” – Caroline TorosisEveryday this week from Oct. 24 –Oct. 28 the Santa Monica Daily Press will post a video of candidates that came forward to express their ideas regarding Santa Monica. Every candidate has a different question. The video will range from 2-4 minutes. Meet the candidates of this year’s election. Don’t forget voting is Nov.8.Tags :caroline torosiscity councilelectionrent controlSanta Monica City Councilsanta monica daily presssanta monica electiontorosisshare on Facebookshare on Twitteradd a commentSion Roy talks Santa Monica students, and facultyFoster talks landlords and rent controlYou Might Also LikeFeaturedNewsCity opens application process to fill McKeown’s vacant council seatClara Harter6 days agoFeaturedNewsCity and Coalition settle legal battleBrennon Dixson3 weeks agoFeaturedNewsCity leaders talk riots, report and moreBrennon Dixson4 weeks agoFeaturedNewsCouncil readies for Tuesday meetingBrennon Dixson1 month agoCity CouncilFeaturedNewsSanta Monica releases riot reportBrennon Dixson1 month agoCity CouncilFeaturedNewsCouncil appoints new public safety commissionersBrennon Dixson1 month agolast_img read more

Homestead Now Home to ‘Best’ Fishing Pond in Montana

first_imgClick the image or use the arrows to see more photos from stocking Pine Grove Pond.A lot happens in 128 years, but surprisingly little has changed on the Street family’s 160 acres north of Kalispell. The property, first homesteaded in 1883, has remained undeveloped and the family continues to till the land, keeping alive generations of farming tradition. But one pasture, tucked away next to the Whitefish River, has caught Robin Street’s attention for years. It always seemed like a nice place for a fishing pond. A perfect place, in fact. Apparently, Street has an eye for these things, because now that a pond has been placed in that pasture, it looks like it should have been there all along. The way Montana Fish, Wildlife and Parks biologist Jim Vashro sees it, it’s the nicest family fishing pond in Montana. “I would venture to say this is the best one in the state,” Vashro said. “We have some other nice ponds, but this one beats them all.”It’s just as Street envisioned it.“It’s a pretty area down here,” Street said last week as crews stocked the pond with trout. “It’s kind of a shame to keep it all to yourself. All the stars aligned to make this happen.”Street donated 13 acres of his family’s original 160 homesteaded acres to the FWP for the Pine Grove Pond, which will officially open on April 30. The pond measures 5 acres and holds both rainbow and westslope cutthroat trout. Altogether, Vashro says there are about 4,000 fish cruising the water.There will be a kids’ fishing derby with prizes from 9 a.m. to noon on April 30, followed by a ceremony to honor the Street family. To reach Pine Grove Pond, driving from Kalispell, head north on Whitefish Stage Road, turn right on Rose Crossing and follow the signs down to the water. The pond is open to all ages. Kids ages 14 and under are allowed to keep one fish each. Some trout are as large as 18 pounds, but the majority are more manageable sizes. It is the fourth FWP-operated public fishing pond in the area. There is also a popular fishing pond located at Snappy Sport Senter.While FWP’s other three ponds – Buffalo Head, Dry Bridge and Shady Lane – are all quality, Vashro said Pine Grove, the biggest of them, is special. Located just off of the Whitefish River, free-flowing underground water gives the pond characteristics of a natural fishery, with high nutrients and the potential for diverse bug life. It’s 17 feet deep in areas. The surrounding area is pretty. The fish will be able to live healthily for years, Vashro said, which will make for good fishing and good eating. “The only thing they’ll have to worry about are ospreys and kids,” Vashro said. Building the fishing access area was a widespread team effort involving numerous volunteers, in addition to FWP and the Street family. Street’s wife is Joyce and three kids are Debbie, Steve and Valerie. Steve was instrumental in the permitting process.The Flathead Valley Community College heavy machinery program built the road and gravel parking area. Flathead Electric Cooperative’s Roundup for Safety provided the fence. Boy Scouts were slated to do landscaping and Flathead Wildlife Inc. donated 12 bluebird boxes.Gene Fincher, who runs local fishing tournaments, gathered crews to perform a number of tasks, including building a picnic shelter. Fincher said Walleye Unlimited is paying for the construction of a gazebo. Other groups, including Schellinger Construction, also contributed to building the fishing access area, Fincher said.Murray Springs State Fish Hatchery from Eureka, Creston National Fish Hatchery and Jocko River Trout Hatchery all stocked fish in the pond on April 20 with the help of volunteers.To help pay for some improvements and for the purchase of the property, FWP used a $20,000 grant, though the land would be valued much higher than that if Street were to sell it on the market.Street’s grandparents, Richard and Susan Street, homesteaded the property in 1883. After growing wary of sending their kids to school all the way down in Demersville on horseback, the Streets decided to start their own school, and Pine Grove School was born. Richard was on the original school board.Mannington Street, Robin’s father, went to school at Pine Grove, which is located right next to the family’s property. Robin also went to the school. Both of them served on the school board. Two of Robin’s three kids attended the school before it shut down in 1973.Robin Street has long wanted to put a pond on his property. One big step was finding someone who wanted all the gravel. After Bucky Wolford’s Glacier Town Center fell through, Street said he was fortunate to work out a deal with Ames Construction to provide gravel for the U.S. 93 Alternate Route.Ames Construction also helped with building structure at the fishing access area. The manager for Ames was excited about the pond, Street said.“He told me, ‘When I leave a gravel pit, I never want to see it again, but this one I want to bring my grandkids to,’” Street said.Street was relieved to see the project finished, but there was still one thing he wanted to see.“When the kids are fishing – that’s when it’s going to feel good.”For rules, regulations and other information on FWP’s Pine Grove Pond, call the agency at (406) 752-5501. Stay Connected with the Daily Roundup. 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Three people appear in court over money laundering & drug charges following cross border…

first_img Three people appear in court over money laundering & drug charges following cross border raids Journey home will be easier – Paul Hegarty Pinterest Important message for people attending LUH’s INR clinic Twitter Three people have appeared at Derry Magistrate’s Court facing money laundering and drug charges following a major cross border police investigation into ‘an organised crime gang’ that saw raids across the North and in Donegal.Husband and wife Patrick O’Connor (47) and Misha O’Connor (35) of Stoneypath in Derry faced a total of 26 charges between them.Patrick O’Connor who faced a total of 17 charges was charged with conspiracy to supply cannabis valued at £120,000 and being concerned in the supply of cocaine.He also faced a series of charges relating to possessing, concealing, converting and acquiring criminal property valued at more than £1,000,000.The property was said to include cash both sterling and Euros, property and jewellery including Rolex watches and other items.All of the offences were alleged to have occurred between August last year and June 20.Patrick O’Connor was connected to the charges and a police officer said that he was ‘the principal member of an organised crime gang’ there was no application for bail.His wife Misha O’Connor faced a total of nine charges relating to money laundering and possessing criminal property namely watches and jewellery valued at £456,000.The police officer opposed bail for her stating that she could interfere in the further recovery of other ‘high value items of jewellery’.But the officer said in response to a question from Mr. Ciaran Shiels defence solicitor that if Patrick O’Connor was in custody it would reduce the risk of Misha O’Connor re-offending.She was released on bail but has to report to police three times a week, surrender her passport and have no contact with three named individuals.Both will appear again on July 20.The court was also told that the High Court had frozen all the couple’s assets.Mark Anthony Kelly (41) with an address in Derry then appeared facing a total of ten charges.He was charged with conspiring to supply class B drugs, and several charges relating to criminal property including cash of £31,000.The charges against him relate to the period from September 23 last year to May 25 this year.A police officer connected him to the charges and there was no application for bail.Defence solicitor Mr. Michael Magee said his client would be denying the charges.He was remanded in custody to appear again on July 20. By News Highland – June 22, 2017 Previous articleDoherty accuses Taoiseach of diluting Brexit commitmentsNext article“Never a good time to play Dundalk” Ollie Horgan News Highland News, Sport and Obituaries on Monday May 24th WhatsApp Google+ RELATED ARTICLESMORE FROM AUTHORcenter_img Pinterest Twitter DL Debate – 24/05/21 Google+ Homepage BannerNews Facebook Harps come back to win in Waterford WhatsApp Arranmore progress and potential flagged as population grows Facebooklast_img read more

News / Zim rides the rising tide of volumes and rates: Q1 revenue doubles and profits soar

first_imgZim carried 818,000 teu in the period (638,000 teu last year), a better growth rate than OOCL’s 23.8% and way above that of the largest carriers – Maersk reported a 5.7% increase in volumes, while Hapag-Lloyd recorded a 3% decline.Chief financial officer Xavier Destriau told The Loadstar the volume increase was largely the result of organic growth, in the particular trades it operated in, and modal shift, as increasing numbers of e-commerce customers switched from air freight to ocean.“We focus on profit as opposed to gaining market share, but in this quarter, that has translated into above-market growth because we entered trades that were under-resourced, we have been a pioneer in entering the e-commerce market and we have captured a significant amount of cargo that used to travel by air,” he said.In October, Zim signed a strategic cooperation agreement with Alibaba, allowing the Chinese e-commerce platform’s customers to book sea freight shipments directly, although CEO Eli Glickman (pictured below) added that Amazon had also become a significant customer.Last summer, its launched its standalone Zim e-commerce express (ZEX) service between southern China gateways and Los Angeles, which, according to the eeSea Liner database, deploys five 4,200 teu vessels.“An increasing proposition of our e-commerce customer are now signing long-term contracts with us,” Mr Glickman said, adding that annual contract negotiations were completed “months ahead of last year”, and the carrier had effectively been turning contract shippers away since.“We couldn’t meet all the demand and we have stopped signing contracts because we want to maintain a 50:50 mix between spot and contract markets.”A lot of Zim’s recent success has also come from its vessel-sharing agreement with 2M partners Maersk and MSC, both as slot charterer and vessel operator, which will expire in 2025.“We have provided two vessels on the new service between Vietnam and the US east coast and, although we are competitor of Maersk and MSC, and we compete hard, all the partners can see the benefit of jointly operating these services> And from our side we will do our best to extend the agreement,” Mr Glickman told The Loadstar.All this has left Zim with a healthy balance sheet, and capex this year will be directed toward investment in its container fleet.“We are an asset-light company when it comes to vessels, but we want to take the share of owned containers to over 30% of our fleet,” Mr Destriau said.“Crossing that threshold is a first step and I see owning containers as a good use of the cash we generated, because containers are a liquid asset and retain their value over the years, and even at the end of their lives there is a scrap metal value,” he added.Of the $590m it has allocated to buy containers, it has taken delivery of the first $121m tranche, with the majority to come in the second quarter and the remainder in the third and fourth.“Unlike other shipping companies, we have not experienced any shortage of containers – our customers have been fully supplied with all the equipment they need,” said Mr Glickman.It is unlikely, however, to be speaking to shipyards ordering vessels. A recent agreement with non-operating owner Seaspan for ten 15,000 teu LNG-powered box ships on 10-year charters is as far as its fleet expansion is likely to go.“We don’t have the flexibility we require if we own vessels – we want to make sure we can upsize and downsize to fully capture the volumes; we don’t want to own vessels that we then have to inject into trades they are not suitable for,” Mr Destriau said.“That said, we will always need some feeder-sized and mid-sized ships – the 15,000 teu vessels we will take on charter from Seaspan are an optimal size for the Asia-US east coast trade and are comfortable with the longer-term charter,” he added.Meanwhile, Zim’s shareholders were rewarded with a special $238m dividend, representing $2 per share, on top of the 2021 annual dividend.“We are now in a situation, thanks to the terrific quarter and because we have very strong visibility of the rest of 2021, where we have been able to repay debt early and return capital to our shareholders – this is just us doing what we said we would,” Mr Destriau added. By Gavin van Marle 20/05/2021 Israeli container shipping carrier Zim, recently listed on the New York Stock Exchange, rewarded investors yesterday, reporting first-quarter results that were among some of the best in the sector.The carrier saw Q1 revenue more than double year on year, to $1.744bn, on the back of soaring freight rates, and its revenue per teu rose from $1,091 in the Q1 20 to $1,925 this year.And it saw 28% year-on-year growth in volumes – so far the highest recorded by any carrier that publishes its results.Adjusted ebitda was $821m, compared with $97m the year before, with a 47% margin, and net profit was $590m, compared with a $12m loss in the first quarter last year.last_img read more

Watch: Rassie’s emotional Mapimpi story

first_img‘ ‘ 熱門話題不要被酵素騙了!在萬寧賣的「這個」直接針對脂肪…熱門話題|SponsoredSponsoredUndo’No place for South African teams in Europe next season’SA Rugby MagUndoFranco Smith replaced as Italy coach, moves to new roleSA Rugby MagUndoLife Exact BrazilGrace Jones Is Now 72 Years Old, This Is Her NowLife Exact Brazil|SponsoredSponsoredUndo Aaron Smith names South African as greatest World Cup scrumhalfSA Rugby MagUndo ‘ Watch: Rassie’s emotional Mapimpi story Video published on November 3, 2020 GoGoPeak10 Most Beautiful Cities You Should Visit Once In Your LifetimeGoGoPeak|SponsoredSponsoredUndo In this clip from episode five of the ‘Chasing the Sun’ documentary, Rassie Erasmus, Lukhanyo Am and the late Kaunda Ntunja share the story behind Makazole Mapimpi’s try in the RWC final and why he didn’t have family photos in the number on his jersey. BabbelLearning a new language this year? – This app gets you speaking in just 3 weeksBabbel|SponsoredSponsoredUndo Watch: Kolbe makes Test players look amateur – Ugo MonyeFormer England wing wing Ugo Monye says Springbok wing Cheslin Kolbe is one of the most devastating runners in the game ever.SA Rugby MagUndoLoans | Search AdsLooking for loan in Hong Kong? Find options hereLoans | Search Ads|SponsoredSponsoredUndoCNAHow is life for Cambodian boy linguist after viral fame?CNA|SponsoredSponsoredUndoAlphaCuteOprah’s New House Cost $90 Million, And This Is What It Looks LikeAlphaCute|SponsoredSponsoredUndo贷款| 搜索广告在香港獲得貸款可能比您想的要容易贷款| 搜索广告|SponsoredSponsoredUndo熱門話題對肚腩脂肪感到後悔!試了在萬寧賣的這個後…熱門話題|SponsoredSponsoredUndo ‘ ‘ ‘ BuzzAura16 Cancer Causing Foods You Probably Eat Every DayBuzzAura|SponsoredSponsoredUndo Post by SA Rugby magazine Posted in Springboks, Test Rugby, Top headlines, Videos, World Cup Tagged Chasing the Sun, Makazole Mapimpi, Rassie Erasmus, Springboks, Test Rugby, video, Videos last_img read more

Sekai Project hit by significant layoffs

first_imgSekai Project hit by significant layoffsCEO confirms “many” of its staff have been let go, employee reports suggest entire LA office has been closedMatthew HandrahanEditor-in-ChiefTuesday 14th August 2018Share this article Recommend Tweet ShareThe visual novel publisher Sekai Project has laid off an unspecified number of staff, part of a streamlining process designed to make it more nimble and reactive to market conditions.In a post on the company’s official site, CEO Christopher Ling said that “many” of Sekai Project’s “employees, co-workers, and friends” have been made redundant.”Most of the staff that was let go over the course of the year was in marketing, whereas translation, programming, editing and QC are still diligently working on current and future projects,” Ling said. “In the coming days, the company will be going through a restructure so we can be more nimble, focused, proactive and more like the company we were when we first started.”Ling assured the company’s fans that all of its current projects will continue, though he acknowledged that some would be delayed due to the streamlining process. In a comprehensive summary of what Sekai Project was working on, Ling detailed 13 different projects in various states. Related JobsSenior Game Designer – UE4 – AAA United Kingdom Amiqus GamesProgrammer – REMOTE – work with industry veterans! North West Amiqus GamesJunior Video Editor – GLOBAL publisher United Kingdom Amiqus GamesDiscover more jobs in games One of those projects, Tokyo Chronos, was crowdfunded through Kickstarter, and Ling offered another statement on the layoffs on its official page on the platform.”Due to the necessity of restructuring the company to better take on the changes in the market, these layoffs were an unfortunate consequence,” he said. “This was not a decision that came easily and we sincerely thank them for their commitment and time with us.”That is Sekai Project’s official account of the layoffs, but statements from the company’s staff suggest that the redundancies run even deeper. Frances Delgado, a brand manager, said on Twitter that the entire Los Angeles office had been let go.Yep, the ENTIRE office is gone. Not sure about remote people, I’ll hear back soon I’m sure.— Frances Locke (@DancingQueen_DQ) August 13, 2018last_img read more

Two teens arrested in death of Ohio photographer hit by falling tree branch

first_imgDanHenson1/iStock(LANCASTER, Ohio) — Two teenagers have been arrested in connection with the death of a photographer who was hit by a falling tree branch in an Ohio state park last month.Victoria Schafer, 44, of Chillicothe, Ohio, was taking pictures for several high school seniors at Hocking Hill State Park on Sept. 2 when she was struck and killed by a falling section of a tree. She is survived by her husband and four children.Detectives from the Hocking County Sheriff’s Office assisted the Ohio Department of Natural Resources to investigate Schafer’s death. The investigators found evidence suggesting the falling branch was not a natural occurrence, according to press releases from the Hocking County Sheriff’s Office and the Ohio Department of Natural Resources. “We are not out for vengeance,” Schafer’s sister, Cathy Muth, told Columbus ABC affiliate WSYX-TV in an interview last month. “We just want to know what happened, and we want to prevent it from happening again.”Investigators later received information about two teenage boys who might have been involved in Schafer’s death. The pair allegedly confessed during interviews with detectives and were taken into custody Thursday on charges of reckless homicide, according to the sheriff’s office. The teens, ages 16 and 17, are being held at the juvenile detention center in Lancaster, Ohio, while they await court proceedings. Authorities are not releasing their names due to their ages. “I appreciate the public’s valuable contributions to this case and the perseverance and determination of the investigators,” Mary Mertz, director of the Ohio Department of Natural Resources, said in a statement Thursday. Copyright © 2019, ABC Audio. All rights reserved.last_img read more

Nation’s biggest department stores could run out of funds in a month: Goldman Sachs

first_imgPVH CEO Emanuel Chirico and Macy’s CEO Jeffrey Gennette (Chirico by Lars Ronbog/Getty Images for Copenhagen Fashion Summit; Gennette by Mireya Acierto/WireImage)While experts debate how long the economy will be shut down, some major department stores and apparel retailers have as little as one month’s worth of funds to tough it out.Major department stores like Kohl’s, Nordstrom and Macy’s could run out of capital within a month, according to a liquidity “stress test” published Thursday by Goldman Sachs. Other retailers like PVH (the parent company of Calvin Klein and Tommy Hilfiger), Gap and Victoria’s Secret parent company L Brands fared only a little better under the investment bank’s most extreme scenarios, with two months’ worth of liquidity available.Retailers going under would have major implications for their landlords. Many retail real estate owners are already seeking relief on their mortgage payments.“Based on our hypothetical analysis, the retailers with elevated liquidity risk in the event of prolonged disruption are predominantly department stores, specialty retailers, and certain apparel and accessories vendors,” wrote the Goldman analysts who authored the report. “We believe it is likely for retailers to experience more rapid declines in sales from recent closures, and more rapid recoveries once traffic returns, while wholesale led brands may be slightly more cushioned in the near term but take longer to recover.”Goldman’s stress test looked at the balance sheets of major retailers under four different scenarios, ranging from their ability to simply cover operating expenses and debt payments to how they’d fare if they slashed inventory purchases and capital expenditures.Some retailers performed better than others under the hypothetical cutbacks. Canada Goose, for example, could weather nine months of falling consumer demand, a figure that could be bumped up to a full year if the popular outerwear seller took large cost-cutting measures.For Kohl’s, Nordstrom and Macy’s, however, the most extreme cutbacks only buy them another month, at most.Making matters worse, several retailers recently received the ignominious designation of “fallen angels,” or companies whose credit ratings have slipped from investment-grade to junk bond status.Fitch Ratings downgraded its ratings on Macy’s and the parent companies of Coach and Michael Kors.Contact Rich Bockmann at [email protected] or 908-415-5229. This content is for subscribers only.Subscribe Nowlast_img read more