This sounds like a prudent practice to account for
the uncertainty of the future state of the market, however, such an assumption may not reflect the true path of cap rates over the investment holding period.
Not exact matches
These risks and
uncertainties include: Gilead's ability to achieve its anticipated full year 2018 financial results; Gilead's ability to sustain growth in revenues for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures in European countries that may increase the amount
of discount required on Gilead's products; an increase in discounts, chargebacks and rebates due to ongoing contracts and
future negotiations with commercial and government payers; a larger than anticipated shift in payer mix to more highly discounted payer segments and geographic regions and decreases in treatment duration; availability
of funding for
state AIDS Drug Assistance Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and
state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market share and price erosion caused by the introduction
of generic versions
of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect
of lowering prices or reducing the number
of insured patients; the possibility
of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels
of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits
of the Sangamo partnership; Gilead's ability to submit new drug applications for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages
of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development
of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate
of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's
future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).
With mounting
uncertainty over Qatar's near - to - midterm
future as a growing LNG supplier amid fissures in the Gulf Cooperation Council, Europe should capitalize on the emergence
of the United
States as an energy exporter.
As the Climate Science Special Report
states, the magnitude
of future climate change depends significantly on «remaining
uncertainty in the sensitivity
of Earth's climate to [greenhouse gas] emissions,»» White House spokesperson Raj Shah said Friday in a statement.
Given the recent political turmoil in the United
States, there has been a great deal
of uncertainty regarding Canada's
future dealings with its biggest trade partner.
With mounting
uncertainty over the
future of the North American free - trade agreement and more
states eyeing possible Buy American rules, Ontario is keeping the policy ready in case it is needed, a senior government official told The Globe and Mail.
Even just
uncertainty over
future tax hikes can be enough to drive investment out
of the
state toward a more investment - friendly, fiscally sound climate.
Barring any unexpected breakthrough, the
future of the United
States» trade relationship with Mexico and Canada will likely remain in a
state of uncertainty indefinitely.
She has lived in a perpetual
state of uncertainty about what
future she has in the UK ever since the Home Office rejected her application for asylum.
Sigurdsson did not travel with the rest
of the Swansea team for their pre-season tour
of the United
States, with a club statement explaining that the midfielder «did not feel in the right frame
of mind to travel due to the current
uncertainty over his
future».
The problem with making satisfying interactions the main criteria
of marital success is that it plunges partners into a permanent
state of uncertainty about the
future of the relationship, undermining the very good & 8212; both emotional and practical security & 8212; that moves men and women toward marriage.
New York is short $ 4.4 billion, and there's
uncertainty over federal policies, including the overhaul
of the tax code, that could leave the
state with even a bigger budget hole in the
future.
The Electoral Commission
of Ghana over 5 months period has walked this Nation along a volatile path
of uncertainty over what the
future state of the voters» register is.
«The
state continues to contemplate putting the district under increased
state oversight, but
uncertainty remains regarding the
state's
future level
of involvement in the district's operations.»
The battle for increased reimbursement will play out over the next 90 days as the budget is negotiated, and against the backdrop
of a
state - imposed Medicaid cap,
uncertainty over the
future of federal Medicaid funding and cries from long - term care facilities and home health care providers, which are also pleading for higher reimbursements.
That may prove difficult given the
uncertainty around the
future of Medicaid under a Donald Trump administration and the
uncertainty surrounding efforts to replace the Affordable Care Act, which has cut the
state's uninsured rate in half.
«It's living every day with the
uncertainty of what your
future may hold,»
stated Pinto.
Prior to joining ECI, she completed her Ph.D. at Oregon
State University, where she worked on the weather@home project over western US region, looking at drivers
of extreme drought events in the US,
future regional climate change projections over the western US, as well as investigating
uncertainties due to internal variability and physical parameter perturbations.
The study
of past warm climates may not narrow
uncertainty in
future climate projections in coming centuries because fast climate sensitivity may itself be
state - dependent» http://www.pnas.org/content/110/35/14162.full
A battle over the
future of Colorado's Cesar Chavez Schools Network, plagued by recent management problems and financial scandal, has created
uncertainty in one
of the
state's most successful charter school groups.
Sixty - six
of the
state's 67 school districts did not spend all
of the Chapter 1 money that was coming to them, electing to carry over some money as a cushion against
future funding
uncertainties, confirmed Cecil G. Carlton, director
of the
state's bureau
of compensatory education.
Increasing
uncertainty and apprehension about the
future state of the economy and labor market, no doubt a result
of the recent slowdown in job growth, are the primary reasons for the sharp reversal in confidence.
Risks and
uncertainties include but are not limited to, general industry conditions and competition; general economic factors, including interest rate and currency exchange rate fluctuations; the impact
of pharmaceutical industry regulation and health care legislation in the United
States and internationally; global trends toward health care cost containment; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approval; Merck's ability to accurately predict
future market conditions; manufacturing difficulties or delays; financial instability
of international economies and sovereign risk; dependence on the effectiveness
of Merck's patents and other protections for innovative products; and the exposure to litigation, including patent litigation, and / or regulatory actions.
Risks and
uncertainties include but are not limited to, general industry conditions and competition; general economic factors, including interest rate and currency exchange rate fluctuations; the impact
of pharmaceutical industry regulation and health care legislation in the United
States and internationally; global trends toward health care cost containment; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approval; the company's ability to accurately predict
future market conditions; manufacturing difficulties or delays; financial instability
of international economies and sovereign risk; dependence on the effectiveness
of the company's patents and other protections for innovative products; and the exposure to litigation, including patent litigation, and / or regulatory actions.
Recommended reading The
uncertainty ushered in by the choices
of the electorate in Britain, the United
States, and Italy have prompted much speculation as to the immediate
future of the art market.
Looking particularly to the female perspective, the exhibition attempts to address this uncanny post-accelerationist body in its new surroundings, questioning our
state of turmoil, loneliness, and
uncertainty surrounding the
future.
The study
of past warm climates may not narrow
uncertainty in
future climate projections in coming centuries because fast climate sensitivity may itself be
state - dependent» http://www.pnas.org/content/110/35/14162.full
We must also communicate the growth in model
uncertainty as model predictions
of the
future advance farther and farther from the present climate
state.
Uncertainty - An expression
of the degree to which a value (e.g., the
future state of the climate system) is unknown.
The current
state of knowledge
of atmospheric science leaves us with
uncertainty about the
future.
«The
state of our knowledge about
future climate change is such that the degree
of uncertainty and the level
of ignorance precludes formulating a PDF
of outcomes -LSB-...]»
The
state of our knowledge about
future climate change is such that the degree
of uncertainty and the level
of ignorance precludes formulating a PDF
of outcomes, or even putting bounds on the outcomes with a high confidence level.
By the way: «the degree
of uncertainty and» should be scratched to attain accuracy: «The
state of our knowledge about
future climate change is such that the level
of ignorance precludes formulating a PDF
of outcomes -LSB-...] ``
Even in light
of the complexities and
uncertainties, Hulme et al. (2001)
state that a «warming climate will nevertheless place additional stresses on water resources [in Africa], whether or not
future rainfall is significantly altered» and they project reduced precipitation over Tunisia.
N (3) The computer climate models are not reliable or consistently accurate, and projections
of future climate
states are little more than speculation as the
uncertainty and error ranges are enormous in a non-linear climate system.
The 19 - page guide
states clearly,» It is not possible to determine exactly how much the Earth will warm or exactly how the climate will change in the
future, but careful estimates
of potential changes and associated
uncertainties have been made».
The Earth has entered a new geological period in which human influence dominates the
state of the planet, compounding
uncertainty about the
future.
Projecting the
future water balance and moisture
state of Arctic soils — and thus the ratio
of CO2 to CH4 production — contributes the largest
uncertainty in forecasting methane emissions from Arctic land surfaces.
However,
uncertainty about the current
state of Himalayan glaciers (4) and the
future state of the climate, as well as an incomplete understanding
of the processes affecting Himalayan glaciers under the current climate, make any projections
of climate change's impact on glaciers uncertain as well (2, 23, 17, 39).
The RSE's web site
states: «The science that indicates that climate change is resulting from greenhouse gas emissions is well established, with the only real
uncertainty being the scale
of the
future changes.»
The
uncertainty here stems in large part from the wording
of Article 50 (2) TEU, which provides that the EU shall negotiate and conclude an agreement with a withdrawing
state «setting out the arrangements for its withdrawal, taking account
of the framework for its
future relationship with the Union.»
If what a sovereign
state offers to a business in return for it doing certain activity in that
state is not something upon which the business can rely in the
future, we have a degree
of business
uncertainty which is potentially catastrophic.
It's not all that surprising, given the nascent
state of this industry and the asset in question but it does serve to illustrate the
uncertainty surrounding the
future of Bitcoin from an institutional perspective.
The current political climate in Russia and the Commonwealth
of Independent
States (CIS) has led to
uncertainty over the
future of oil and gas operations and projects in the region.
The problem with making satisfying interactions the main criteria
of marital success is that it plunges partners into a permanent
state of uncertainty about the
future of the relationship, undermining the very good & 8212; both emotional and practical security & 8212; that moves men and women toward marriage.
Are you tired
of being in a
state of uneasiness, apprehension resulting from fear
of future uncertainties (realistic or fantasized) then you are probably experiencing anxiety.
For instance, items such as «the longer the relationship, the more likely it will change», «relationships change as people are unpredictable» and «relationships change as change is the only constant in life», share the perceived
uncertainty of the
state and direction
of the relationship in the
future.
«Increasing
uncertainty and apprehension about the
future state of the economy and labor market, no doubt a result
of the recent slowdown in job growth, are the primary reasons for the sharp reversal in confidence,» said Lynn Franco, director
of Conference Board's consumer research center.
For instance, insufficient information about a potential economic recession, unsubstantiated rumors about
future layoffs, or
uncertainty about the closure
of a sale and subsequent payment may result in a
state of uncertainty.