Wells Fargo And Mylan: Corporate Devils Or Scapegoats?

Video Length: 00:35:28

The first story on the docket this week was a follow-up on a pair of companies featured in the Finish Line’s exclusive interview with Kathleen Smith of IPO-focused research firm Renaissance Capital. The interview alerted investors to the possibility of several upcoming IPOs, including The Trade Desk and e.l.f. Beauty , which both did debut this week.

I also checked in on Netflix (NFLX - Free Report) , which announced this week that it its library will reach 50% original content in just a few years. Speaking in front of a conference at Goldman Sachs, Netflix’s CFO confirmed the company’s goal and claimed it was nearly halfway to this point already.

Ryan and I continued the show by discussing Comcast (CMCSA - Free Report) and its plans to launch a mobile phone service next year. While the company’s general popularity remains low, its connections within the industry should allow it to launch a Wi-Fi hotspot-focused service at a relatively low cost.

Finally, the featured story of the week was the congressional hearings of Wells Fargo (WFC - Free Report) and Mylan (MYL - Free Report) . The CEOs of both companies faced questions from lawmakers regarding their respective scandals, and their testimonies have only raised more questions about the power of corporate America. Are Wells Fargo and Mylan the face of capitalist greed, or are these companies taking the fall for a broken system?

Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or ...

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Chee Hin Teh 7 years ago Member's comment

Thanks for sharing