Epstein Secrets

In Korea, the KOSPI was lower for a second day to end the year down -4.8% and is on track to be the 2nd worst performing index in the region behind Malaysia at -5.5%. Both locals and foreigners were net sellers, focused mainly on marquee large cap names (POSCO -1.3%, NAVER -1.5%, HMC -1.5%). Cheil Indust

, Basic Res -0.66% Secondaries (announced/priced): N/A IPO's (filed/priced): Tracon Pharmaceuticals (ICON) files $57.5M IPO through Wells Fargo and Stifel, Carbylan Therapeutics (CBYL) files $86.3M IPO through Leerink US Key Research: • DA Davidson initiates QLGC (buy), DB initiates CNV (hold), JMP i

ermany grapples with skilled labour shortage FT • Visa and MasterCard: fortunes diverge Lex EFTA00390877 • BMC Software: neat surrender Lex • Malaysia: back to business Lex • The Chinese dream is smothered by toxic smog FT Comment • For Asia's newest baby tiger, the hard grind begins FT Comment

S initiates PF (neut) & MDVN/BMRN (buys) & initiates INFI/PCYC/SGEN (neut's) & INCY (sell) • ISI downgrades HOLX, Jefferies assumes MTD/LIFE (hold), Stifel initiates OMTH (buy) ••• Wells initiates CHS/KORS/ANF/GPS/URBN (op) & ANN/JWN/KSS/LULU/M/RUE/TJX/TIF/AEO (mp) & JCP (up) ;••• William Blair initiat

.60 last. "'EU Fin Min meeting today & tomorrow, Steme Agee Financials Conf (Miami) begins*" ***Asia Markets closed today: China, HK, Japan, Korea, Malaysia, Singapore, Taiwan*** • AMR and US Airways near $11B merger says Reuters (would create largest single airline in world) • Google chairman Eric Sc

overweight over 12-months & initiates USAC (buy) EFTA00396178 •••• JPM upgrades NKE, MLV & Co downgrades ALNY, Roth initiates COSI/HYGS (buy's) • Stifel upgrades USBNVFC (buy's) & cuts FITB/PDH and CMA/KEY (sell), RBC upgrades AOL ••• KBW upgrades RNST & downgrades PRI and SIAL (sell), Barcap initiat