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Wednesday, September 24, 2008
Sequenom Soars In Pre-market Trading
Val Brickates Kennedy
MarketWatch Pulse
BOSTON -- Shares of Sequenom Inc. soared almost 20% in pre-market trading early Wednesday, buoyed by positive news about its new prenatal test for Down syndrome. Late Tuesday, Sequenom said that studies showed the test, which is less invasive than current tests on the market, was highly effective in screening for the genetic disorder. Sequenom added it hopes to launch the product during the first half of 2009. Shares of Sequenom were up 19% at $3.95.
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Sure, we know some of you are saying the term "marriage penalty" is redundant. In fact, of all the costs associated with getting married (have you seen the cost of a wedding cake lately?), the marriage penalty can be the worst.
Here's how it works: Mr. and Mrs. Right walk down the aisle in wedded bliss and suddenly they¿re a two-income household. If both make roughly the same amount of money, they can be pushed into a higher tax bracket. That's bad, since the higher the bracket, the higher the tax. So, if both were single, they'd end up writing two smaller checks to the tax man that, if combined, would add up to less than the giant check they write in a state of wedded bliss.
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And, it¿s important to remember that there are other financial benefits, such as lower life-insurance rates or health care premiums, that can make up for the extra tax couples pay. So don't let Uncle Sam stop you from saying, "I do."
