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Remington is consolidating its operations in Georgia, a state the company says is friendlier to the firearms industry. Mayor John Stephens meets with village board members under a seal portraying Eliphalet Remington holding a long gun. The four-story, brick plant by Armory Street and Remington Avenue looms over the community about 55 miles (90 kilometers) east of Syracuse. The Ilion plant went to a group of investors called the Roundhill Group as part of a $13 million bid. After months of union negotiations, the firearms plant reopened in the spring of 2021.

Persons: — Remington, Eliphalet Remington, Sandy, Remington, it’s, ”, Jim Conover, Mayor John Stephens, Conover’s, Frank “ Rusty ” Brown, “, Brown, RemArms, Ken D’Arcy, “ They've, Daniel Mendez, Stephens, Michael Disotelle, Sandy Hook, we’re, ” Stephens Organizations: Remington, Mayor, Street, United Mine Workers of America, Remington Firearms, Republican, New, Smith & Wesson, Cerberus Capital Management, Remington Arms, Bushmaster Firearms, Co, Vista Locations: Mohawk, Georgia, Sandy Hook, Detroit, Syracuse, New York, New York City, Tennessee, Springfield , Massachusetts, LaGrange , Georgia, Erie, Ilion

☆ Why we like health-care stocks in 2024 despite their spotty record in presidential election years
▼ + stars: | 2024-01-18 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +11 min

The S & P 500 Health Care Sector index has outperformed the broader S & P 500 in just three of the past eight presidential election years dating back to 1992, according to FactSet data. So far in 2024, health care has been the best-performing sector in the S & P 500, climbing roughly 2%. .GSPHC .SPX YTD mountain Health care sector vs. S & P 500 YTD It's way too early for any grand predictions with Election Day 2024 about 10 months away. Nevertheless, we see attractive fundamentals in the year ahead for a host of health-care stocks, giving us the confidence to own Lilly, GE Healthcare and Danaher despite what history says about the group in presidential election years. After a strong 2022 for health care in a terrible overall market, investors last year placed a lower emphasis on the defensive characteristics of health care.

Persons: —, that's, Eli Lilly, Lilly, Jim Cramer, Jim, Sen, Bernie Sanders of, Joe Biden, Sanders, would've, Damien Conover, Conover, Biden, Eli Lilly's, Morningstar, Amgen, Morningstar's Conover, Lilly's donanemab, Humana, Bausch, Jim Cramer's, Frederick Florin Organizations: Health, GE Healthcare, Abbott Laboratories, Amgen, Novartis, Walgreens Boots Alliance, JPMorgan Healthcare Conference, Democratic, Morningstar, CNBC, Horizon Therapeutics, Novo Nordisk, Federal Reserve, General Electric, Medicare, Humana, UnitedHealth Group, Investors, AFP, Getty Locations: San Francisco, U.S, Bernie Sanders of Vermont, Canadian, Fegersheim, France

The FDA approved tirzepatide for weight loss under the brand name Zepbound. It has been available as Mounjaro for type 2 diabetes since 2022 and had increasingly been used "off-label" for weight loss while the obesity approval was pending. Zepbound will be available in the U.S. by the end of the year at a list price of $1,059.87 a month, according to Lilly. That compares with a list of $1,349 per-package for Novo Nordisk's (NOVOb.CO) wildly popular weight-loss drug Wegovy. After Wednesday's FDA approval, Lilly can now promote the drug for weight loss.

Persons: Eli Lilly, Mike Segar, Eli Lilly's, ” John Sharretts, Lilly, Morningstar, Damien Conover, Conover, drugmaker, Robert Kushner, Mounjaro, Patrick Wingrove, Leroy Leo, Bhanvi, Shinjini Ganguli, Bill Berkrot Organizations: Company, REUTERS, U.S . Food, Drug Administration, U.S, FDA, FDA’s Center, Drug, Research, Novo Nordisk's, Reuters, Northwestern University Feinberg School of Medicine, Thomson Locations: Branchburg , New Jersey, U.S, Indianapolis, United States, New York, Bengaluru

☆ Pfizer RSV vaccine lags GSK’s as head-to-head competition underway
▼ + stars: | 2023-10-30 | by ( Michael Erman | ) www.reuters.com time to read: +4 min

[1/3] View of Pfizer's new respiratory syncytial virus (RSV) vaccine Abrysvo during its manufacture in this undated handout picture. "800 POUND GORILLAS"CVS, which has more than 9,000 U.S. locations, declined to comment on why it was only carrying GSK's vaccine. It was not immediately clear how many RSV shots were being administered in pharmacies versus doctors' offices. GSK declined to discuss its RSV vaccine contracts, but said customer relationships gives it a competitive advantage. Two independent pharmacists said they are being charged a lower price by wholesalers for the GSK vaccine, which comes in boxes of 10.

Persons: Price, Ben Link, Link, Pfizer's, Dovato, Morningstar, Damien Conover, We’ve, Alison Hunt, Michelle Vargas, Michael Erman, Caroline Humer, Bill Berkrot Organizations: Pfizer, Handout, REUTERS, GSK, Reuters, CVS Health, CVS, Walgreens, Walmart, Aid, Thomson Locations: United States, British, U.S, South Carolina

The logo for AbbVie is displayed on a screen at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. Morningstar analyst Damien Conover said he had already factored in a hit to Imbruvica from the Medicare price negotiations, so the update on impairment was not "overly significant to our view." Humira's global third-quarter sales fell 36% to $3.55 billion, but topped analysts' estimates of $3.48 billion, according to LSEG data. AbbVie in July trimmed its 2023 view for Humira sales erosion to 35%, from 37% earlier. The company's newer immunology drugs Skyrizi and Rinvoq generated sales of $2.13 billion and $1.11 billion, respectively, ahead of analyst expectations of $2.10 billion and $1.02 billion.

Persons: Andrew Kelly, girding, AbbVie, Imbruvica, Morningstar, Damien Conover, Humira, Piper Sandler, Christopher Raymond, Ingelheim, Leroy Leo, Christy Santhosh, Maju Samuel, Bill Berkrot Organizations: New York Stock Exchange, REUTERS, U.S, Medicare, Analysts, Sandoz, AbbVie, Thomson Locations: New York City , New York, U.S, The Illinois, Bengaluru

The iconic Hollywood sign is pictured the day after the Writers Guild of America (WGA) announced it reached a preliminary labor agreement with major studios in Los Angeles, California, U.S., September 25, 2023. The Writers Guild of America (WGA) leadership voted unanimously to end the strike on Wednesday, the guild said in a statement. In other areas, the guild said it won guarantees of minimum staffing in writers’ rooms, a key issue for many of its members. Maher and Drew Barrymore had angered writers by saying this month that their talk shows would return before the strike ended. The end of the WGA strike does not return Hollywood to normal.

Persons: Mario Anzuoni, Walt Disney, Adam Conover, WE, Conover, David Slack, Bill Maher, Maher, Drew Barrymore, Lisa Richwine, Dawn Chmielewski, Jamie Freed, Leslie Adler, Gerry Doyle Organizations: Writers Guild of America, REUTERS, Guild of America, WGA, Netflix, Warner Bros Discovery, SAG, Thomson Locations: Los Angeles , California, U.S, United States

☆ Obesity drug data could boost companies' case for US coverage, analysts say
▼ + stars: | 2023-08-10 | by ( Patrick Wingrove | ) www.reuters.com time to read: +5 min

Wegovy prescriptions were up 300% at their peak, according to data from Barclays, before supply issues began to hamper sales. A COMPELLING CASEAnalysts said the data made a compelling case for long-term health benefits of the drug. Analysts were divided on whether Medicare could potentially cover Wegovy as a cardiovascular treatment without a new law passing. Three doctors specializing in obesity treatment, including a cardiologist, were not sure whether such an indication would allow for Medicare coverage. Companies that provide healthcare insurance have begun pulling back on coverage of weight loss drugs because of the high cost of the medicines.

Persons: Read, Eli Lilly, Stacie Dusetzina, Wegovy, Eli Lilly's Mounjaro, Evan Seigerman, Eugene Yang, Morningstar, Damien Conover, Tom Carper, Eli Lilly's, Dusetzina, Patrick Wingrove, Elissa Welle, Ahmed Aboulenein, Caroline Humer Organizations: Novo Nordisk, U.S, Vanderbilt University, Medicare, Barclays, University of Washington Medicine, Companies, Democratic, Novo, Reuters, Democrat, Republican, Thomson Locations: New York, Danish, Washington

☆ Why Hollywood actors and writers are on strike and how the WGA and SAG-AFTRA walkouts are changing the entertainment industry
▼ + stars: | 2023-07-21 | by ( Reed Alexander | ) www.businessinsider.com time to read: +11 min

The Hollywood writers' strike got a boost when actors joined the picket lines in July. Together, the SAG-AFTRA and WGA strikes have upended development and promotion of new content. Read more about the issues and demands driving the WGA and SAG-AFTRA strikes:When will the SAG-AFTRA and WGA strikes end? Some are predicting that the writers' strike appears to be on course to outlast the previous the 100-day WGA strike of 2007-8, which cost the California economy roughly $2 billion. Read more about how Hollywood companies prepared for the strikes:Getting a job in Hollywood right now: Is anyone still hiring?

Persons: AFTRA, Oppenheimer, Abbott, Fran Drescher, it's, Read, Adam Conover, Ted Sarandos, David Zaslav, picketers, showdowns, Hollywood's, Reed Alexander, Lucia Moses Organizations: Hollywood, SAG, WGA, Writers Guild of America, Alliance, Television Producers, Netflix, Warner Bros, Discovery, Employees, Wall, Big Tech Locations: Los Angeles and New York City, California, Hollywood

☆ The best ways to support members of SAG-AFTRA and the WGA on strike, as actors and writers exit film and TV productions to hit the picket lines
▼ + stars: | 2023-07-20 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

The SAG-AFTRA actors' union went on strike Friday, joining the ongoing WGA writers' strike. You can support actors and writers on strike by donating to the hardship funds that help entertainment workers. "Any non-member seeking future membership in SAG-AFTRA who performs covered services for a struck company during the strike will not be admitted into membership in SAG-AFTRA," the union's strike notice outlines. While the writers' strike largely shut down development and production, especially in Los Angeles and New York, some film and TV shoots were able to continue. Others have said the sides are so far apart that this work stoppage could outlast the 100-day WGA strike of 2007-8, which cost the California economy roughly $2 billion.

Persons: Adam Conover, AFTRA, who've, Margot Robbie, Ryan Gosling, Oppenheimer, thay Organizations: SAG, WGA, Morning, Alliance, Television Producers, Hollywood, Financial, Disaster Relief Fund, Welfare Emergency, The Entertainment, Washington Post, Mattel Locations: Hollywood, Los Angeles and New York, California

☆ How to support the SAG-AFTRA/WGA strike: Streaming TV shows, going to movie theaters doesn't cross the picket line
▼ + stars: | 2023-07-14 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

The SAG-AFTRA actors' union went on strike Friday, joining the ongoing WGA writers' strike. You can support the strike by donating to the hardship fund that helps struggling strikers. Streaming TV shows or going to the movie theatres is not considered crossing the picket line. Actors in Hollywood's SAG-AFTRA union went on strike on Friday, joining thousands of writers who have been striking since May — here's how you can support them. One of the most impactful things an average person can do to support both the SAG-AFTRA actors' strike and the WGA writers' strike is donating to their cause.

Persons: Adam Conover, AFTRA Organizations: SAG, WGA, Morning, Financial, Disaster Relief Fund, Welfare Emergency, The Entertainment, Washington Post

☆ Actors are joining writers on strike against the Hollywood companies, and they're driven by a fear plaguing workers everywhere: Robots are coming for our jobs.
▼ + stars: | 2023-07-13 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

Hollywood writers are entering their third month on strike. Film and TV writers say they're among those who have fared the worst as their industry has been remade, even as others reap the rewards. These Hollywood storytellers share something in common with workers in every industry: Everyone is afraid that the robots are coming for their jobs, Terminator-style. Now, they're some of the dominant forces controlling new content development in the entertainment industry. Recently, I reported on how the Hollywood writers' strike is dispiriting industry hopefuls at the outset of their careers — you can read it here.

Persons: Everything's, Fran Drescher, Adam Conover, Ted Sarandos, Bob Iger, Goldman Sachs, You've, We've, Jonathan Handel, Puck, they'll, Zayd Dohrn, —, Dohrn, Reed Alexander Organizations: Morning, NBC, Nickelodeon, Disney, Hollywood, Netflix, Wall, ., Writers Guild of America, Alliance, Television Producers, SAG, Apple, Big Tech, WGA, Northwestern University Locations: Hollywood, West Hollywood, Los Angeles and New York, Chicago

☆ The fear driving Hollywood writers to strike — and soon, maybe actors too — is the same one roiling every industry: Robots are coming for our jobs
▼ + stars: | 2023-07-08 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

Hollywood writers are entering their third month on strike. Film and TV writers say they're among those who have fared the worst as their industry has been remade, even as others reap the rewards. Either way, the bottom line is this: Everyone in Hollywood is afraid that the robots are coming for their jobs, Terminator-style. Now, they're some of the dominant forces controlling new content development in the entertainment industry. Recently, I reported on how the Hollywood writers' strike is dispiriting industry hopefuls at the outset of their careers — you can read it here.

Persons: Everything's, Adam Conover, Ted Sarandos, Bob Iger, Goldman Sachs, You've, We've, Jonathan Handel, Puck, they'll, Zayd Dohrn, —, Dohrn, Reed Alexander Organizations: Morning, NBC, Nickelodeon, Disney, Hollywood, Netflix, Wall, ., Writers Guild of America, Alliance, Television Producers, WGA, Apple, Big Tech, Northwestern University Locations: Hollywood, West Hollywood, Los Angeles and New York, Chicago

☆ Warner Bros. Discovery CEO says writers' strike will be ended by 'love for the business and the love for working'
▼ + stars: | 2023-05-07 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Discovery's CEO said he thinks a "love for working" will end the writers' strike. David Zaslav also said the 10,000 striking writers deserved to be paid fairly. Discovery says he thinks the widespread writers' strike will be ended by writers' "love of storytelling and lover for working." While Zaslav lent into emotive arguments to end the strike, he did also suggest writers deserved a better pay package. "In order to create great storytelling, we need great writers," Zaslav said in the interview.

☆ Novo Nordisk rivals see room to compete in $100 billion weight-loss drug market
▼ + stars: | 2023-05-04 | by ( Michael Erman | ) www.reuters.com time to read: +6 min

The company has two oral GLP-1 drugs in mid-stage trials, and aims to choose one for a late-stage trial this year. He forecasts GLP-1s or similar drugs topping $100 billion in annual sales early in the 2030s, with Lilly's product accounting for more than $50 billion in sales. Smaller biotechs are also vying for a piece of the obesity market and hope large pharmaceutical companies will pay up for partnerships. "I don't know if it's $90 billion or $80 billion or $50 billion. The current GLP-1 drugs can cause nausea and vomiting.

More than 11,000 film and television writers, who say their compensation doesn't match the revenue generated in the streaming era, are on strike for the first time since 2007-08. Most immediately, this will have a significant impact on late-night shows, where writers are tasked with crafting timely and topical jokes. That's because many shows and films have already wrapped production and will enter the marketplace unaffected by the strike. Instead, they feel they've been shortchanged on compensation as studios, networks and streaming platforms write a new rulebook in real time. Unlike the 2007 strike, writers currently have social media on their side and are rallying on platforms like Twitter, Instagram and TikTok to get their message out.

☆ Morningstar: Stocks are historically cheap — buy these 33 top undervalued names to brace for a volatile market today and profit from the recovery later this year
▼ + stars: | 2023-04-15 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

In a recent note, Morningstar shared its top 33 undervalued stocks to buy for the second quarter. While the near term may look difficult for investors, Sekera believes that these headwinds will force the Federal Reserve to pump the brakes on its rate-hiking program sooner rather than later. Valuations-wise, small-cap firms remain the cheapest, while mid-cap and large-cap stocks respectively remain just below and above market average. In a separate note, Morningstar analysts listed their top 33 undervalued stocks for the second quarter of 2023. The full list of names is below, along with each company's ticker, sector, market capitalization, and price versus fair value estimate.

☆ Silicon Valley Bank catered to Napa Valley wineries and could finance 'French oak barrels' if needed. The bank's demise 'surprised everyone,' a vineyard owner says.
▼ + stars: | 2023-03-12 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Silicon Valley Bank lent over $4 billion to wineries in the past 30 years, according to its website. Gavin Newsom as one of its investors, founder John Conover told Insider. A large portion of SVB's clientele came from the startup ecosystem, but it also established a good footing with the west coast's wine industry. Since the division's founding nearly three decades ago, SVB has loaned more than $4 billion to its wine-centric clients, according to the bank's website. On Wednesday, SVB Financial Group announced it was in a cash crunch that caused panic among customers and a massive $42 billion bank run.

"When you think about traditional drug and vaccine development and longevity of sales, it's usually much more spread out," Morningstar analyst Damien Conover said. The sudden inflow of revenue should prod companies to strike deals and link up with new partners, he said. Vaccine maker Moderna also expects 2023 revenue to fall sharply. The company's only product - its messenger RNA COVID vaccine - pulled in around $18.4 billion in 2022. Eli Lilly and Co (LLY.N) made $2 billion in 2022 from monoclonal antibody COVID treatments and is not expecting any revenue from the business in 2023.

Analysts say they have based their 2023 Paxlovid sales estimates primarily on public details of announced deals, with a token amount of estimated China sales from before the country dropped the Zero-COVID policy. Their current estimates for over $10 billion in 2023 Paxlovid sales is less than half the $22 billion Pfizer is expected to report for 2022, according to Refinitiv data. Billions of dollars in Paxlovid sales could be at stake for Pfizer. Even without a deal to sell Paxlovid broadly in China, the company can still sell it there on the private market. China is "probably the only region that we're modeling a year-over-year increase in 2023" for Paxlovid, Conover said.

☆ Morningstar: Buy these 14 cheap stocks that still have room to rally in a bear market
▼ + stars: | 2022-11-24 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +4 min

Contrary to intutition, bear market rallies may make it tougher for investors to do their jobs. Morningstar shared 14 stocks that are still cheap, despite beating the market. Then, they whittled that list down to the stocks that Morningstar analysts considered undervalued. Finally, Morningstar analysts highlighted AstraZeneca (AZN), noting its strong pipeline and its development of drugs that carry high pricing power. The full list of Morningstar's 14 undervalued bear market stars is below, along with each firm's ticker, sector, bear market return, and price discount.

☆ Morningstar reveals its top high-dividend global stocks — and gives three 30% upside
▼ + stars: | 2022-09-26 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Morningstar has revealed its pick of global stocks with the highest dividend yields. In a note entitled, "Our Ultimate Stock Pickers' ... Dividend-Yielding Stocks," Morningstar noted that searching for yield can be risky given the current volatility. In fact, three of the stocks have the potential to rise by more than 30%, according to Morningstar's analysts. GSK London-headquartered pharmaceutical giant GSK is also undervalued by more than 40%, according to Morningstar analyst Damien Conover. Philips' stock, which also trades in New York, has fallen to a decade low following criticism over its handling of a global recall of respiratory machines.

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