September E-mini S&Ps (ESU14 +0.21%) this morning are up +0.16% as Q2 stock earnings results continue to surprise on the upside, while European stocks are down -0.36%...

September E-mini S&Ps (ESU14 +0.15%) this morning are up +0.01% and European stocks are up +0.46% as optimism over Q2 corporate earnings results offsets concern about the geopolitical crisis' in Ukraine and the Middle East.

The Biotech Bubble Burst of 2014 will forever be remembered by the sector's investors and traders for the pin that did the pricking in late March: a letter from US Representative Henry Waxman of California to Gilead Sciences (GILD - Trend Report) about the pricing of their hepatitis C drug Sovaldi.

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