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With the Fed, Apple earnings and the jobs report passing with flying colors this week, the runway to more gains looks a lot less cluttered. This past week was chock full of Club earnings: 12 portfolio companies, including Apple , delivered results. Analysts expect Wynn's earnings per share of $1.27 versus 29 cents a year ago when China was not fully back from Covid. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jerome Powell, we're, Jim Cramer, Jim, Apple, Eli Lilly, Estee Lauder, Stanley Black, Decker, Bausch, FactSet, It's, Bob Iger, Iger, Nelson Peltz, We're, Krystal, Berkshire Hathaway, Tyson, Jones Lang, Walt, Ferrari N.V, WK Kellogg, Wynn, Vishay, CRON, MARA, RICK, Ginkgo, Jim Cramer's, David Paul Morris Organizations: Federal Reserve, Apple, GE Healthcare, DuPont, Linde, Bausch Health, Coterra Energy, Club, Disney, Wynn Resorts, CNBC, Revenue, Vegas Sands, Cotai, Boston, Airlines, Krystal Biotech, Alpha Metallurgical Resources, Axsome Therapeutics, Tyson Foods, TSN, Bowlero Corp, CNA Financial Corp, CNA, Jones Lang LaSalle Incorporated, Technologies, Realty Income Corp, Lab, Teradata Corp, Technology, FMC Corporation, FMC, Paymentus Holdings, Shockwave, Vertex Pharmaceuticals, Goodyear Tire & Rubber Company, Simon Property Group, Sterling Construction Company, Apple Hospitality, Boise Cascade Corporation, BellRing Brands, Coty, COTY, Fidelity National Information Services Inc, Vornado Realty, Walt Disney Co, Holdings, Madrigal Pharmaceuticals, Nikola Corporation, BP, Rockwell Automation, MarketAxess Holdings, Jumia Technologies, GEO Group, Builders FirstSource Inc, Duke Energy Corp, WYNN, Rivian Automotive, Arista Networks, Occidental Petroleum Corp, Astera Labs, Bros, Flywire Corporation, B2Gold Corp, Kinross Gold Corp, Virgin Galactic Holdings, iRobot Corp, Electronic Arts Inc, McKesson Corp, ACM Research, Avadel Pharmaceuticals, Toyota Motor Corp, Emerson Electric Co, Perion, Editas, Brink's Company, Sinclair Corporation, New Fortress Energy, Starwood Property Trust, Animal Health, ELAN, Farms, IM Cannabis Corp, Fox Corporation, Formula One, Icahn Enterprises, Teva Pharmaceutical Industries, Arm Holdings plc, ARM, AMC Entertainment Holdings, Trade, AppLovin Corporation, Sciences Corp, SolarEdge Technologies, Roblox Corporation, GigaCloud Technology Inc, Warner Bros ., Properties Trust, Growers, Constellation Energy Group, Cronos, Fiverr, Solar Inc, EPAM Systems, Cedar Fair Entertainment, Digital Holdings, RCI Hospitality Holdings, Akamai Technologies, Semiconductor, Insulet Corp, NuScale Power Corporation, Ginkgo Bioworks Holdings, Bloom Energy Corporation, Construction, AMC Networks, CRH Public Ltd . Company, Jim Cramer's Charitable, Allen, Co . Media, Technology Conference, Bloomberg, Getty Locations: China, Eaton, Amazon, Covid, Macao, Vegas, Sun Valley , Idaho
CNN —A Black-led running group is suing the organizers of the Boston Marathon as well as the city of Newton, Massachusetts, and the Newton police chief over alleged racial discrimination that took place in a cheer zone at last year’s race. TrailblazHers had organized a specific “cheer zone” in Newton at Mile 21 and had invited other running groups led by people of color to join, says the complaint. Police formed “a human barricade to physically separate the running crews of colors from the event,” the complaint alleges. Shortly after the incident last year, Newton police said in a statement: “After being notified by the B.A.A. TrailblazHers is represented by Lawyers for Civil Rights, a Boston-based legal group working to fight discrimination, according to its website.
Persons: Newton, , TrailblazHers, , White, John Carmichael, Ahmaud Arbery, ” Iván Espinoza Madrigal, “ Ahmaud, Black, TrailblazHers “, ” Mirian Albert Organizations: CNN, Boston Marathon, Newton police, Newton, TrailblazHers, Police, Boston Athletic Association, Newton Police, WFXT, Facebook, Boston Athletics Association, Lawyers, Civil Rights, BAA Locations: Newton , Massachusetts, Massachusetts, Newton, Hopkinton , Massachusetts, Boston, TrailblazHers, Georgia
The Food and Drug Administration on Thursday approved the first-ever treatment for a common and potentially deadly form of liver disease that affects millions worldwide. Novo Nordisk and Eli Lilly are testing their respective blockbuster weight loss injections as treatments for the same kind of liver disease, called nonalcoholic steatohepatitis, or NASH. Madrigal's drug, which will be marketed as Rezdiffra, is specifically approved to treat patients with NASH who also have moderate-to-advanced liver scarring. NASH is a serious form of liver disease characterized by excess fat buildup and inflammation in the liver and can lead to liver scarring, also known as fibrosis, along with liver failure and liver cancer. Roughly 6 million to 8 million people in the U.S. have NASH with moderate-to-advanced liver scarring, according to an estimate cited by the FDA.
Persons: Madrigal, Eli Lilly, NASH, Nikolay Nikolov, Rezdiffra Organizations: Madrigal Pharmaceuticals, Drug Administration, Pharmaceuticals, Novo Nordisk, FDA, Immunology Locations: U.S
Here are Wednesday's biggest calls on Wall Street: Berenberg upgrades Honeywell to buy from hold Berenberg said the industrial conglomerate is well positioned. Roth MKM initiates Aspen Aerogels as buy Roth said it sees a "strong secular opportunity" for the insulation company. HSBC upgrades Target to buy from neutral HSBC said it likes the company's strategy following earnings on Tuesday. " Target's strategy aims to drive long-term sales growth market share gains and improve profitability Deutsche Bank upgrades Target to buy from neutral Deutsche upgraded Target following earnings on Tuesday. Argus initiates Super Micro as buy Argus said it sees "years" of growth for shares of Super Micro.
Persons: Berenberg, Morgan Stanley, Tesla, Roth MKM, Roth, JPMorgan, Wolfe, Evercore, Needham, SMCI Organizations: Honeywell, Barclays, Aspen, HSBC, Target, Deutsche Bank, Deutsche, JPMorgan, BBB, Citi, Madrigal Pharmaceuticals, Motors, RBC, EV, ISI, Bank of America, Google, Apple, Nvidia, NVIDIA, Crinetics Pharmaceuticals, Argus, Super Locations: China, Dominion
Many biotech stocks struggled in 2023 despite a robust year for U.S. drug approvals. "We expect this environment to continue but look forward to the prospect of lower interest rates in 2024." When that happens, Canaccord Genuity said to expect a "strong rally across the biotech sector rewarding innovative, but riskier assets." Analysts have said the rich price reflects the opportunity for ImmunoGen's Elahere cancer treatment , which has quickly established itself as the standard of care for types of ovarian cancer. 'Oversold and cheap' In a research note Friday, Jefferies analyst Michael Yee said "a significant short squeeze" was helping biotech stocks in the fourth quarter.
Persons: Dan Lyons, Janus Henderson, John Newman, Canaccord Genuity, Janus, Lyons, Bristol Myers Squibb, Karuna, AstraZeneca, Eli Lilly, AbbVie, Jonathan Miller, Miller, bode, Jonathan Krinsky, Krinsky, BTIG's, Jefferies, Michael Yee, Yee, NASH, Madrigal, we're, David Risinger, — CNBC's Michael Bloom Organizations: Drug, Federal, Bristol Myers, Karuna Therapeutics, CART, Bristol Myers Squibb, Cerevel Therapeutics, Securities and Exchange Commission, pharma, P Biotech, Nasdaq Biotech, Apogee Therapeutics, Madrigal Pharmaceuticals, Madrigal, resmetirom, Vertex Pharmaceuticals, Leerink Partners Locations: ImmunoGen
[1/51] Aug 26, 2023; Pittsburgh, Pennsylvania, USA; Chicago Cubs manager David Ross (3) observes batting practice before a game against the Pittsburgh Pirates at PNC Park. Mandatory Credit: Charles LeClaire-USA TODAY Sports Acquire Licensing RightsAugust 27 - Left-hander Jordan Wicks made a splash in his major league debut Saturday, giving up just one run in five innings and striking out nine in the visiting Chicago Cubs' 10-6 win over the Pittsburgh Pirates. Ke'Bryan Hayes homered and added an RBI single, Bryan Reynolds hit a two-run double, and Alika Williams had an RBI single for the Pirates, who have lost three of four. That chased Bido for Ryan Borucki, who gave up an RBI single to Candelario for an 8-1 Chicago lead. Suzuki's two-run double in the ninth provided breathing room.
Persons: David Ross, Charles LeClaire, Jordan Wicks, Wicks, Seiya Suzuki, Ian Happ, Cody Bellinger, Jeimer, Adbert Alzolay, Ke'Bryan Hayes, Bryan Reynolds, Alika Williams, Pittsburgh's Colin Selby, Osvaldo Bido, Hayes, Reynolds, Andrew McCutchen, Miguel Amaya, Nick Madrigal's, Michael Tauchman, Dansby Swanson, Happ, Bellinger's groundout, Tauchman, Swanson, Bellinger, Bido, Ryan Borucki, Connor Joe, Joshua Palacios, Joe, Liover, Jack Suwinski, Palacios, Williams Organizations: Chicago Cubs, Pittsburgh Pirates, PNC, Cubs, Pirates, Chicago, The Pirates, Thomson Locations: Pittsburgh , Pennsylvania, USA, Bellinger, Suwinski
MLB roundup: Cal Raleigh, Mariners manhandle White Sox
  + stars: | 2023-08-22 | by ( ) www.reuters.com   time to read: +6 min
[1/5] Aug 21, 2023; Chicago, Illinois, USA; Seattle Mariners catcher Cal Raleigh (29) hits a three run home run against the Chicago White Sox during the eighth inning at Guaranteed Rate Field. White Sox starter Touki Toussaint (1-6) gave up seven runs on seven hits and four walks with three strikeouts in four-plus innings. Philadelphia starter Aaron Nola (11-8) tossed seven innings and allowed seven hits and two runs. Cristian Javier (9-2) worked five innings, allowing three runs on seven hits. James Paxton (7-4) gave up seven runs, six earned, on nine hits in four innings.
Persons: Cal, Matt Marton, Cal Raleigh, Luis Castillo, Teoscar Hernandez, Dominic Canzone, Eloy Jimenez, Castillo, Touki Toussaint, Elvis Andrus, Andrew Benintendi, Tommy Pham's, Will Smith, Geraldo Perdomo, Pham, Adolis Garcia, Ketel Marte, Edmundo Sosa, Alec Bohm, San Francisco, Kyle Schwarber, Bryce Harper, Aaron Nola, Joc Pederson, LaMonte Wade Jr, Sean Manaea, Francisco Lindor, DJ Stewart, Rafael Ortega, Phil Bickford, Marcell Ozuna, Allan Winans, Nick Madrigal, Seiya Suzuki, Ian Happ, Daniel Palencia, Mark Leiter Jr, Spencer Torkelson, Matt Vierling's, Parker Meadows, Chas McCormick's, Alex Bregman, Yanier Diaz, Cristian Javier, Adam Duvall, James Paxton, Josh Palacios, Louis, Liover Peguero, Connor Joe, Alika Williams, Endy Rodriguez, Thomas Hatch, Bailey, Drew Rom, Andrew Knizner, Seong Kim, Kim, Ryan Weathers, Manny Machado, Michael Wacha, Josh Bell, Jake Burger, Weathers, Brent Rooker, Dylan, Coleman, Ryan Noda, Trevor May, Jordan Diaz, Zack Gelof, Shea Langeliers, Bobby Witt Jr Organizations: Seattle Mariners, Cal Raleigh, Chicago White Sox, Cal, Seattle, Mariners, White Sox, Chicago, Diamondbacks, Rangers, Texas, Phoenix . Arizona, Phillies, Giants, Philadelphia, San, Mets, Braves, New York, Atlanta, Cubs, Tigers, Detroit, Astros, Red Sox, Houston, Boston, Pirates, Cardinals, Pittsburgh, Padres, Marlins, Diego, Miami, Athletics, Royals, Oakland, Kansas City, Thomson Locations: Chicago , Illinois, USA, Arizona, Phoenix ., Texas, Chicago, Parker, St, Oakland
A headline claiming that a United Nations official warned Christians to accept “minor-attracted persons” or face exclusion from society misrepresents a report by the UN’s independent expert on sexual orientation and gender identity, Victor Madrigal-Borloz. Madrigal-Borloz, a Costa Rican jurist who has served as the UN Independent Expert on sexual orientation and gender identity since 2018 (here), did not immediately respond to a request for comment. The report does not mention the terms “MAPs,” “minor-attracted persons,” or “pedophiles.” Nor did Madrigal-Borloz’s remarks to the Council include the statement attributed to him. Reuters has previously addressed false claims linking pedophilia to the LGBTQ community (here) as well as false claims that the UN and other organizations endorsed pedophilia or decriminalizing sex with minors (here), (here ) and (here ). Reuters has previously addressed false claims by this website (here), (here), (here).
Persons: Victor Madrigal, Madrigal, Borloz, Borloz’s, , Read Organizations: United Nations, Reuters, UN, UN Human Rights Locations: Costa Rican
MLB roundup: Cubs earn walk-off win over White Sox
  + stars: | 2023-08-17 | by ( ) www.reuters.com   time to read: +10 min
The Cubs managed just three hits over seven innings and struck out seven times against White Sox starter Mike Clevinger. Rangers starter Jon Gray (8-6) gave up six hits and one run in seven innings. Nationals 6, Red Sox 2Keibert Ruiz broke a tie with a three-run homer in the eighth inning as Washington beat visiting Boston. Mariners starter Luis Castillo (9-7) surrendered four runs on nine hits in seven innings. Padres starter Blake Snell (10-8) gave up two runs on three hits and two walks with five strikeouts in six innings.
Persons: Christopher Morel, Kamil Krzaczynski, Mike Clevinger, Nick Madrigal, Aaron Bummer, Gregory Santos, Cody Bellinger, Dansby Swanson, Morel, Drew Smyly, Gavin Sheets, Reid Detmers, Marcus Semien's, Detmers, Shohei Ohtani, Matt Thaiss, Jon Gray, Christian Walker, Kyle Lewis, Corbin Carroll, Walker, Tommy Pham, Tyler Kinley, Kyle Nelson, Paul Sewald, Ryan McMahon, Nolan Jones, Ezequiel Tovar, Clayton Kershaw, Miguel Rojas, Chris Taylor, Mookie Betts, Freddie Freeman, Will Smith, Betts, Kershaw, Mark Canha, Wade Miley, DJ Stewart, Francisco Lindor's, Pete Alonso, Tylor, Bryan Reynolds, Alika Williams, Johan Oviedo, Spencer Torkelson, Riley Greene, Tyler Holton, Jorge Polanco, Max Kepler, Edouard Julien, Royce Lewis, Aaron Civale, Luke Raley, Josh Lowe, Brandon Lowe, Ross Stripling, Ryan Walker, Keibert Ruiz, Stone Garrett, Jose A, Ferrer, Boston's Pablo Reyes, Jordan Weems, Garrett Whitlock, Charlie Morton, Morton, Randy Vasquez, Julio Rodriguez, Maikel Garcia, Seattle's Dylan Moore, Garcia couldn't, Moore, Teoscar, Dylan Coleman, Luis Castillo, Garcia, Alex Bregman, Kyle Tucker, Chas McCormick, Tucker, Justin Verlander, Verlander, Jake Burger, Paul Blackburn, Louis . Blackburn, Austin Pruitt, Zack Gelof, Jordan Diaz, Gelof, Diaz, Matt McLain, TJ Friedl, Andrew Abbott, Bryce Harper, Jake Cave, Cave, Daulton Varsho, Fernando Tatis Jr, Blake Snell, Josh Hader, Ryan Mountcastle, Dean Kremer Organizations: Chicago Cubs, Chicago White Sox, Wrigley, Cubs, White Sox, Rangers, Diamondbacks, Rockies, Arizona, Colorado, Dodgers, Brewers, Milwaukee, National League Central, NL West, Mets, Pirates, New, Pittsburgh, Tigers, Twins, Detroit, Minnesota, Giants, Tampa Bay, Rays, Cleveland Guardians, Bay ., Nationals, Red Sox, Washington, Boston, Braves, Yankees, The Braves, Mariners, Royals, Seattle, Kansas City, Astros, Marlins, Houston, Miami, Athletics, Cardinals, Oakland, Reds, Cincinnati, Cleveland, Phillies, Blue Jays, Philadelphia, Toronto, Padres, Orioles, Baltimore, Thomson Locations: Chicago , Illinois, USA, Los Angeles, Arlington , Texas, Texas, Denver, New York, Minneapolis, Francisco, Atlanta, York, Kansas, Diego
[1/36] Aug 16, 2023; Chicago, Illinois, USA; Chicago Cubs starting pitcher Javier Assad (72) delivers a pitch against the Chicago White Sox during the first inning at Wrigley Field. The Cubs managed just three hits over seven innings, and struck out seven times, against White Sox starter Mike Clevinger. The Cubs split the two-game set and went 3-1 against the White Sox this season while improving to 19-8 since July 18. Gavin Sheets clubbed a two-run homer for the White Sox, who won the series opener 5-3 on Tuesday. It was Sheets' ninth homer of the season.
Persons: Javier Assad, Kamil Krzaczynski, Christopher Morel, Mike Clevinger, Nick Madrigal, Aaron Bummer, Gregory Santos, Cody Bellinger, Dansby Swanson, Morel, Drew Smyly, Gavin Sheets, Michael Fulmer, Luis Robert Jr, Yoan Moncada, Andrew Vaughn, Andrew Benintendi, Robert, Robert's, Ian Happ, Benintendi, Sheets, Assad Organizations: Chicago Cubs, Chicago White Sox, Wrigley, Cubs, White Sox, Wrigley Field, Clevinger, Thomson Locations: Chicago , Illinois, USA
However, the pharmaceutical companies are making the case that weight loss can improve health, and possibly lower health-care costs over time. But analysts have said the news isn't all bad for such stocks, and many were fell too low on Tuesday. Deutsche Bank analyst Imron Zafar estimated Thursday that bariatric surgery accounts for about 5% of Intuitive Surgical's U.S. robotic surgery business, but has been driving much of the company's growth. Some of the surgeons Zafar spoke with said any drop off in bariatric surgery was likely to be offset by increased use of the robot for other procedures. But they expect the drugs will remain necessary because GLP-1 drugs have yet to show they improve fibrosis, which is associated with NASH.
Persons: nonalcoholic steatohepatitis, NASH, Abbott, Robbie Marcus, Marcus, Marcus doesn't, Goldman Sachs, Goldman, Stryker, Smith, Zimmer Biomet, Bariatric, Imron Zafar, Zafar Organizations: Novo Nordisk, Abbott Laboratories, CNBC, JPMorgan, Companies, Inspire Medical Systems, Resmed, Philips, Nephew, Deutsche Bank, Madrigal Pharmaceuticals, Sagimet Biosciences, Akero Therapeutics, Terns Pharmaceuticals, Viking Therapeutics, Madrigal Locations: U.S
[1/44] Aug 5, 2023; Chicago, Illinois, USA; Chicago Cubs center fielder Cody Bellinger (24) gestures after driving in an RBI single against the Atlanta Braves during the first inning at Wrigley Field. Mandatory Credit: David Banks-USA TODAY SportsAugust 6 - Home runs by Dansby Swanson and Jeimer Candelario capped a five-run first inning, which sent the Chicago Cubs on their way to an 8-6 win over the visiting Atlanta Braves on Saturday. Candelario closed the inning with a solo home run, his 17th, and the Cubs' lead never dipped below two runs the rest of the way -- though the Braves made the final score closer in the ninth. Chicago starter Javier Assad pitched 3 2/3 innings, struck out three and allowed a pair of Atlanta runs. Cubs reliever Michael Fulmer (3-5) picked up the win after working 1 1/3 scoreless innings.
Persons: Cody Bellinger, David Banks, Dansby Swanson, Jeimer Candelario, Saturday's, Mike Tauchman, Nico Hoerner, Bryce Elder, Chicago's, Matt Olson, Candelario, Olson, Adbert Alzolay, Austin Riley, Riley's, Alzolay, Javier Assad, Orlando, Ozzie Albies, Nick Madrigal, Christopher Morel, Bellinger, Mark Leiter Jr, Michael Harris II, Travis d'Arnaud, Ronald Acuna Jr, Eddie Rosario, Acuna, Ian Happ's, Michael Fulmer Organizations: Chicago Cubs, Atlanta Braves, Wrigley, USA, Atlanta, Major League Baseball's, Cubs, Braves, Milwaukee, National League Central, Chicago, Thomson Locations: Chicago , Illinois, USA, Chicago, Atlanta
[1/41] Aug 1, 2023; Chicago, Illinois, USA; A detail shot of baseballs before the game between the Chicago Cubs and the Cincinnati Reds at Wrigley Field. Cubs starter Justin Steele (12-3) won his third straight outing, but he yielded five runs (four earned) and nine hits in six innings. Hoerner scored on Bellinger's single, and Swanson went deep, with two men on, for a 5-0 Chicago lead. Chicago got both runs back in the bottom of the second on Bellinger's shot off the right field video board. In the fourth, following Bellinger's single, Swanson went deep into the left-center-field basket.
Persons: David Banks, Dansby Swanson, Jeimer Candelario, Cody Bellinger, Mike Tauchman, Nico Hoerner, Patrick Wisdom, Miguel Amaya, Swanson, Candelario, Justin Steele, Tyler Stephenson, Matt McLain, Cincinnati's Ben Lively, Tauchman, Hoerner, Stephenson, Spencer Steer, Steele, TJ Friedl's grounder, Nick Madrigal Organizations: Chicago Cubs, Cincinnati Reds, Wrigley, USA, Cubs, Chicago, Monday, National League Central, Reds, Wrigley Field, Thomson Locations: Chicago , Illinois, USA, Chicago, Washington, Cincinnati
More Americans disagree with legacy admissionsToday, fewer Americans agree with legacy admissions. "This preferential treatment overwhelmingly goes to white applicants and harms efforts to diversify color," added Michael Kippins, litigation fellow at Lawyers for Civil Rights. The NAACP called on more than 1,600 U.S. public and private colleges and universities to commit to increasing the representation of historically underrepresented students and end the practice of legacy admissions. The reality is we've reached a pretty good consensus on the use of identity in college admissions. Legacy admissions 'could be deemed unconstitutional'Since the practice of legacy admissions has indirect racial implications, these challenges may have legal merit, according to Jeanine Conley Daves, an attorney at New York-based firm Littler.
Persons: Wesleyan University Joanne Rathe, Ivan Espinoza, Madrigal, Michael Kippins, Ivory Toldson, Alvin Tillery, Don Harris, Harris, John Roberts, Jeanine Conley Daves Organizations: Wesleyan University, Boston Globe, Harvard University, Civil Rights, Pew Research, Harvard, NAACP, Northwestern University's Center, Diversity, Diversity and Democracy, Supreme, Temple University School of Law Locations: Massachusetts, New York
Why It Matters: Opposition to legacy admissions has grown. After the Supreme Court decision, legacy admissions came under heavy attack because the practice tends to favor white, wealthy applicants over Black, Hispanic, Asian American and Native American students. Polls also show that the public does not support legacy admissions. Some highly selective universities and colleges have dropped legacy admissions, including Amherst, Johns Hopkins, Carnegie Mellon and M.I.T. The future of legacy admissions on campuses is uncertain.
Persons: Joe Biden, Alexandria Ocasio, Tim Scott, Johns Hopkins, Michael S, Roth, Mr, whittle, ” Mr, , Biden, Iván Espinoza, Madrigal Organizations: Republican, Pew Research Center, Carnegie Mellon, Wesleyan, Harvard, Yale, Department, , Civil Rights Locations: Cortez, New York, South Carolina, Amherst
Novartis buyback offers partial cure for M&A risk
  + stars: | 2023-07-18 | by ( ) www.reuters.com   time to read: +2 min
LONDON, July 18 (Reuters Breakingviews) - Novartis’s (NOVN.S) bumper buyback will offer a little relief to investors. Many had been waiting to see what the $225 billion Swiss pharma giant would do with an extra $20 billion burning a hole in its pocket after Roche(ROG.S) bought back its stake in 2021. It needs new drugs to replenish its pipeline and boost an ailing share price, which has still not recovered since the pandemic. But on Tuesday, CEO Vasant Narasimhan said he will launch a $15 billion buyback programme. The Swiss drugmaker’s $15.4 billion of net debt is less than 1 times its forecast 2023 EBITDA, according to Refinitiv.
Persons: Roche, Vasant Narasimhan, can’t, Aimee Donnellan, Xavier Niel’s, Neil Unmack, Streisand Neto Organizations: Reuters, Swiss pharma, Alcon, Madrigal Pharmaceuticals, Novartis, Twitter, Xavier Niel’s GAM, Commonwealth Games, Thomson Locations: Swiss
watch nowAfter the Supreme Court's ruling on the affirmative action admission policies of Harvard and the University of North Carolina, decades-old legacy preferences are facing new challenges. The court's ruling was considered a massive blow to efforts to boost enrollment of minorities at American universities through policies that considered applicants' race. Fewer people think legacy should factor into admissionsToday, more Americans disagree with legacy admissions. "This preferential treatment overwhelmingly goes to white applicants and harms efforts to diversify color," added Michael Kippins, litigation fellow at Lawyers for Civil Rights. Legacy admissions 'could be deemed unconstitutional'
Persons: Ivan Espinoza, Madrigal, Michael Kippins, Ivory Toldson, Alvin Tillery, Don Harris, Harris, John Roberts Organizations: Harvard, University of North, Harvard University, Civil Rights, Pew Research, NAACP, Northwestern's Center, Diversity, Diversity and Democracy, Supreme, Temple University School of Law Locations: University of North Carolina, Massachusetts
MLB roundup: Astros blow big lead, still top Rangers 12-11
  + stars: | 2023-07-04 | by ( ) www.reuters.com   time to read: +4 min
[1/5] Jul 3, 2023; Arlington, Texas, USA; Houston Astros first baseman Jose Abreu (79) bats against the Texas Rangers during the sixth inning at Globe Life Field. Astros closer Ryan Pressly ended the game by striking out Jonah Heim for his 18th save. Adolis Garcia's solo homer tied the game at 10-10 in the seventh, and Corey Seager's sacrifice fly gave Texas an 11-10 lead in the eighth. Milwaukee trailed 6-3 before tying the game with two outs in the seventh inning on Jahmai Jones' bases-clearing, pinch-hit double. The Cubs threatened with two runners on and two outs in the ninth inning before Devin Williams struck out Dansby Swanson to secure Milwaukee's largest comeback victory of the season.
Persons: Jose Abreu, Jerome Miron, Chas McCormick, Abreu, McCormick, Will Smith, Ryan Pressly, Jonah Heim, Bryan Abreu, Travis Jankowski, Adolis, Corey Seager's, Willy Adames, Jahmai Jones, Adames, Mark Leiter Jr, Owen Miller's, Devin Williams, Dansby Swanson, Nick Madrigal, Tucker Barnhart, Michael Harris II, Marcell Ozuna, Bryce Elder, Raisel Iglesias, Gavin Williams, Steven Kwan, Joey Votto, Tyler Stephenson, Luke Weaver, Ian Gibaut, Buck Farmer, Derek Law, Alexis Diaz, Jeimer Candelario, Dickerson, Lane Thomas, Jake Irvin, Yuli Gurriel, Louis, Gurriel, Nick Fortes, Huascar Brazoban, Puk, Willson Contreras, Harrison Bader, York's Giancarlo Stanton, Yennier Cano, Anthony Rizzo, Danny Coulombe, Bader, Domingo, Tommy Kahnle, Clay Holmes Organizations: Houston Astros, Texas Rangers, Life, Astros, Rangers, Brewers, Cubs, Milwaukee, Chicago, Braves, Atlanta, Cleveland, Guardians, Reds, Cincinnati, Washington, Nationals, Marlins, Cardinals, Miami, The Marlins, Yankees, Orioles, New York, Baltimore ., Thomson Locations: Arlington , Texas, USA, Houston, Texas, Baltimore
Last week, the Supreme Court said race-conscious policies adopted by Harvard University and the University of North Carolina to ensure that more non-white students are admitted are unconstitutional. Harvard College is the undergraduate school of Harvard University. The groups in Monday's complaint said the Supreme Court ruling had made it even more imperative to eliminate policies that disadvantage non-white applicants. Representative Barbara Lee, a Democrat from California, called legacy policies "affirmative action for white people" in a tweet. The lawyer, Seth Waxman, told the court that there was no evidence that ending legacy preferences would lead to a more diverse student body.
Persons: Ivan Espinoza, Madrigal, , Joe Biden, las, Barbara Lee, Michael Kippins, Neil Gorsuch, Clarence Thomas, Seth Waxman, Daniel Wiessner, Alexia Garamfalvi, Leslie Adler Organizations: Harvard, U.S, Supreme, U.S . Department of Education, Harvard University, University of North, Harvard College, Lawyers, Civil Rights, Democrat, of Education, UNC, Conservative, Thomson Locations: University of North Carolina, Boston, California, Albany , New York
It’s been called affirmative action for the rich: Harvard’s special admissions treatment for students whose parents are alumni, or whose relatives donated money. And in a complaint filed on Monday, a legal activist group demanded that the federal government put an end to it, arguing that fairness was even more imperative after the Supreme Court last week severely limited race-conscious admissions. Three Boston-area groups requested that the Education Department review the practice, saying the college’s admissions policies discriminated against Black, Hispanic and Asian applicants, in favor of less qualified white candidates with alumni and donor connections. “Why are we rewarding children for privileges and advantages accrued by prior generations?” asked Ivan Espinoza-Madrigal, executive director of Lawyers for Civil Rights, which is handling the case. And it adds to accelerating pressure on Harvard and other selective colleges to eliminate special preferences for the children of alumni and donors.
Persons: It’s, , Ivan Espinoza, Madrigal Organizations: Education Department, Civil Rights, Fair, Harvard Locations: Boston
MLB roundup: Shohei Ohtani belts 30th homer in Angels' loss
  + stars: | 2023-07-01 | by ( ) www.reuters.com   time to read: +9 min
Major league home run leader Shohei Ohtani hit his 30th of the season for the Angels, a 493-foot blast to right. Reds 7, Padres 5 (11 innings)Spencer Steer drilled a game-winning, two-out, two-run homer off the upper deck in left to lead Cincinnati past visiting San Diego for its their third straight win and 15th in 18 games. The Reds were down to their final out when Matt McLain drilled a two-run homer in the 10th to extend the see-saw contest. Pirates 8, Brewers 7Carlos Santana's two-out, two-run homer in the ninth inning lifted Pittsburgh past visiting Milwaukee for its fourth win in a row. Nationals 2, Phillies 1Stone Garrett hit a two-run homer to lift Washington past host Philadelphia for its third straight win.
Persons: Lourdes Gurriel Jr, Evan Longoria, Shohei Ohtani, Mike Trout, Arizona's Tommy Henry, Griffin Canning, Spencer Steer, Matt McLain, Elly De La Cruz, Gary Sanchez, Juan Soto, Carlos Santana's, Matt Bush, Ji Hwan Bae, Andrew McCutchen's, Santana, Carmen Mlodzinski, Brice Turang, Christian Yelich, Owen Miller, Rowdy Tellez, Freddy Peralta, Randy Arozarena, Josh Lowe, Jose Siri, Shane McClanahan, Tom Murphy, Shawn Armstrong, Jake Diekman, Kevin Kelly, Jason Adam, Colin Poche, McClanahan, James Paxton, Jarren Duran, Justin Turner, Masataka Yoshida, Jose Berrios, Stone Garrett, Dominic Smith, Lane Thomas, Josiah Gray, Hunter Harvey, Cristopher Sanchez, Alec Bohm, Justin Steele, Nico Hoerner, Nick Madrigal, Christopher Morel, Cleveland's Cal Quantrill, Will Brennan, Amed Rosario, Patrick Bailey, Joc Pederson, David Robertson, Pete Alonso, J.D, Davis, Bailey, Jeff McNeil, Tommy Pham, Omar Narvaez, Matt Olson, Michael Soroka, Olson, Eddie Rosario, Austin Riley, Sean Murphy, Ronald Acuna Jr, Soroka, Jose Altuve, Mauricio Dubon, Yainer Diaz, Dubon, Jake Meyers, Ronel Blanco, Ryan Pressly, Pablo Lopez, Byron Buxton, Joey Gallo, Max Kepler, Royce Lewis, Buxton, Lopez, Adley Rutschman, Dean Kremer, Mookie Betts, Betts, Alec Marsh, Ezquiel Tovar, Nolan Jones, Jurickson Profar, Ryan McMahon, Austin Gomber, Pierce Johnson, Andy Ibanez, Tony Kemp, Luis Medina, Eloy Jimenez, Tanner Banks, JJ Bleday, Aledmys Diaz, Shea Langeliers, Jace Peterson's, Kemp, Jordan Diaz Organizations: Arizona Diamondbacks, Los Angeles Angels, Diamondbacks, Angels, Reds, Padres, Cincinnati, The Reds, Pirates, Brewers, Pittsburgh, Milwaukee, Rays, Mariners, Tampa Bay, Seattle, Tampa, Sox, Blue Jays, Boston, Toronto, Red Sox, Nationals, Phillies, Cubs, Chicago, Guardians, Giants, Mets, San Francisco, New, Braves, Marlins, Miami, National League, Astros, Rangers, Texas, Orioles, Minnesota, Baltimore, Twins, Dodgers, Royals, Kansas City, Rockies, Tigers, Colorado, Detroit, Austin, Athletics, White Sox, Oakland, A's, Thomson Locations: Anaheim, Calif, Los Angeles, San Diego, Milwaukee, Paxton, Washington, Philadelphia, Chicago, Cleveland, New York, Houston, Arlington , Texas, Kansas, Denver, Medina
Microsoft's VP of Energy Brian Janous is leaving. Brian Janous, Microsoft's VP in charge of data center energy strategy, is leaving just a month after being promoted to his current position, Insider has learned. Janous spent more than 11 years at Microsoft, primarily overseeing the company's cloud infrastructure energy and sustainability efforts. He was the first employee on Microsoft's energy team and was promoted to VP of Energy in June 2023, according to his Linkedin page. Janous is the latest executive to leave Microsoft's broader Cloud Operations and Innovations team, which manages the company's all-important cloud infrastructure.
Persons: Energy Brian Janous, Janous, Brian Janous, Microsoft's, Aditya Dalmia, Brian, Noelle Walsh, Scott Guthrie, Jennifer Weitzel, Osvaldo Morales, Michael Czamara, Dan Madrigal, Jeffrey Cox, Eugene Kim Organizations: Energy, Microsoft, Microsoft's CVP, Cloud Infrastructure, Planning, Industry, Operations, Innovations, Cloud Infrastructure Lease, Data, GM, Tejas Sukhadia, Innovation Locations: Microsoft's
MLB roundup: Shohei Ohtani hits two homers, fans 10
  + stars: | 2023-06-28 | by ( ) www.reuters.com   time to read: +10 min
Ohtani (7-3) wound up charged with one run on four hits and two walks. Jordan Montgomery (5-7) allowed two runs, one earned, on six hits in 6 2/3 innings. Framber Valdez (7-6) gave up four runs on eight hits in six innings for the Astros, who lost for the eighth time in 11 games. Rockies starter Connor Seabold (1-4) gave up four runs on five hits in five innings. Gallen (10-2) grinded through six innings, allowing four runs (all in the second inning) on five hits.
Persons: Shohei Ohtani, Kirby Lee, Ohtani, Carlos Estevez, Seby Zavala, Elvis Andrus, Eloy Jimenez, Michael Kopech, Ezequiel Duran, Adolis Garcia, Duran, Brendan White, Corey Seager, Nathaniel Lowe's, Garcia, Spencer Torkelson, Paul DeJong, Louis, Nolan Arenado, Jordan Montgomery, Framber Valdez, Clayton Kershaw, Martinez, Kershaw, Elias Diaz, Brenton Doyle, Colorado's, Martinez's, Connor Seabold, Evan Phillips, Diaz, Lane Thomas, Jordan Weems, Weems, Seattle's Trevor Gott, Keibert, Paul Sewald, Teoscar Hernandez, Ronald Acuna Jr, Acuna, Austin Riley, Sean Murphy, Michael Harris, Carlos Correa, Orlando Arcia's, Thairo Estrada, Alex Wood, Patrick Bailey, Kevin Gausman, Ryan Walker, Wood, Carlos Santana, Jack Suwinski, Nick Gonzales, Gonzales, Santana, Andrew McCutchen, Henry Davis, Rodolfo Castro, Rich Hill, Reiss Knehr, Yu Darvish, Sandy Alcantara, Bryan De La, Jazz Chisholm, Luis Arraez, Garrett Whitlock, Will Brennan, Gavin Williams, Trevor Stephan, Emmanuel Clase, Terry Francona, DeMarlo Hale, Brady Singer, Scott Barlow, David Peterson, Brandon Nimmo, Francisco Lindor, Daniel Vogelbach, Peterson, Brian Anderson, Ranger Suarez, Suarez, Cody Bellinger, Nick Madrigal, Brandon Marsh, Jameson Taillon, Matt McLain, McLain's, TJ Friedl, Andrew Abbott, Tyler Wells, Jordan Westburg, Corbin Carroll, Zac Gallen, Christian Walker, Evan Longoria, Ketel Marte, Taj Bradley, Jose Siri, Paul Blackburn, Tyler Wade, Esteury Ruiz, Jhony Brito, Seth Brown, Josh Donaldson, Blackburn Organizations: Los Angeles Angels, Chicago White Sox, Angel, USA, White Sox, Chicago, Rangers, Tigers, Detroit, Cardinals, Astros, Houston, Dodgers, Rockies, Angeles, Colorado, Mariners, Washington, Seattle, Braves, Atlanta, The Twins, Giants, Blue Jays, Toronto, Pirates, Padres, Pittsburgh, San, Marlins, Red Sox, Miami, Boston, Bryan De La Cruz, . Red Sox, Royals, Cleveland, Kansas City, The Royals, Mets, Brewers, Milwaukee, Triple, Phillies, Cubs, Philadelphia, Reds, Orioles, Cincinnati, Baltimore, Diamondbacks, Rays, Tampa, The Diamondbacks, Gallen, Tampa Bay, Athletics, Yankees, Oakland, Blackburn, Thomson Locations: Anaheim , California, USA, Anaheim , Calif, Texas, Arlington , Texas, Denver, Minnesota, Atlanta, Francisco, Toronto, San Diego, Kansas, Cleveland, Syracuse, Baltimore, Arizona, Tampa Bay, Phoenix, Tampa, New York
MLB roundup: Angels' 13-run inning leads 25-1 rout of Rockies
  + stars: | 2023-06-25 | by ( ) www.reuters.com   time to read: +11 min
Moniak went 5-for-5 and finished with four extra-base hits as the Angels set a franchise record for most runs scored in a game. Eduardo Escobar, acquired from the New York Mets on Friday, had two hits and scored four times in his Angels debut. Trea Turner had an RBI single while Bryson Stott and Brandon Marsh each finished with two hits. William Contreras had an RBI single and Christian Yelich scored twice for the Brewers, who have lost three of their last five games. Starter Pablo Lopez (3-5) gave up three runs and seven hits in six innings while recording 10 strikeouts.
Persons: Mike Trout, Brandon Drury, John Leyba, Matt Thaiss, Mickey Moniak, Moniak, Eduardo Escobar, Hunter Renfroe, David Fletcher, Drury, Thaiss, Taylor Ward, Griffin Canning, Brenton Doyle, Chase Anderson, Travis d'Arnaud, Matt Olson, Ozzie Albies, Marcell Ozuna, Michael Tonkin, Raisel Iglesias, Jake Fraley, Will Benson, Iglesias, Matt McLain, Jonathan India, Ian Happ, Justin Steele, Louis the, Happ, Louis, Adam Wainwright, Dansby Swanson, Christopher Morel, Yan Gomes, Nick Madrigal, Steele, Elvis Andrus, Kenley Jansen, Zach Remillard, Yasmani Grandal, Jake Burger, Luis Robert Jr, Andrew Vaughn, Jansen, Gavin Sheets, Clint Frazier, Triston Casas, Justin Turner's, Kendall Graveman, Jarren Duran, Casas, Luis Matos, Joc Pederson, Blake Sabol, Thairo Estrada, Lourdes Gurriel Jr, Camilo Doval, Pavin Smith, Merrill Kelly, Ryan McKenna, Mike Baumann, Anthony Santander, Mike Ford's, Felix Bautista, Aaron Hicks, Crawford, Julio Rodriguez, Max Scherzer, Pete Alonso, Starling Marte, Nick Castellanos, Trea Turner, Bryson Stott, Brandon Marsh, Cristopher Sanchez, Luis Severino, Severino, Billy McKinney, Aaron Judge, Jon Gray, Gray, Marcus Semien, Jason Heyward, James Outman, Stanek, Jonny Deluca, Alex Bregman, Ronel Blanco, Danny Jansen, Vladimir Guerrero Jr, Guerrero, Jose Berrios, Seth Brown, Jon Berti, Luis Arraez, Joey Wendle, Nick Fortes, Arraez, Osvaldo Bido, Andrew McCutchen, Jordan Lyles, Lyles, Freddy Fermin, Drew Waters, Bay's, Franco, Vidal Brujan, David Fry, Fry, Jose Ramirez, Josh Naylor, Andres Gimenez, Tanner Bibee, Emmanuel Clase, William Contreras, Christian Yelich, Freddy Peralta, Reese Olson, Zach McKinstry, Olson, Alex Lange, Carlos Correa, Joey Gallo, Pablo Lopez, Jeimer, Lane Thomas, Matt Waldron's, Josiah Gray, Mason Thompson, Kyle Finnegan, Hunter Harvey, Waldron Organizations: Los Angeles Angels, Colorado Rockies, Coors Field, Angels, New York Mets, Los, Rockies, Braves, Reds, Atlanta, Cincinnati, Cubs, Cardinals, Chicago, St, . White Sox, Red Sox, Boston, Giants, Diamondbacks, National League West, Arizona, Orioles, Mariners, Baltimore, Seattle, The Mariners, Mets, Phillies, Philadelphia, Yankees, Rangers, New York, Texas, Dodgers, Astros, Houston, Blue Jays, Athletics, Toronto, Oakland, Marlins, Pirates, Miami, Pittsburgh, Royals, Rays, Kansas City, Brewers, Cleveland, Milwaukee, Guardians, Tigers, Detroit, Twins, Padres, Washington, San, Thomson Locations: Denver , Colorado, USA, Denver, Los Angeles, Atlanta, Chicago, Yasmani, Francisco, Arizona, New York, Tampa, Lyles, Minnesota, San Diego
MLB roundup: Reds sweep Rockies, win 11th straight
  + stars: | 2023-06-22 | by ( ) www.reuters.com   time to read: +10 min
They were swept in the three-game series at Cincinnati. Alcantara (2-6), the reigning National League Cy Young Award winner, allowed 10 hits and five runs in seven innings. Cubs 8, Pirates 3Nico Hoerner homered and hit a two-run triple as visiting Chicago completed a three-game series sweep of Pittsburgh. The Diamondbacks secured a victory in the three-game series with their fourth win in six games. Kansas City starter Brady Singer (4-7) gave up five runs and seven hits in seven innings.
Persons: Will Benson, Jake Fraley, TJ Friedl, David Kohl, Luke Maile, Andrew Abbott, Ian Gibaut, Buck Farmer, Daniel Bard, Fraley's, Elly De La, Randy Arozarena, Isaac Paredes, Taj Bradley, Bradley, Baltimore's Ramon Urias, Gunnar Henderson, Ryan O'Hearn, Tyler Wells, Ezequiel Duran, Jonah Heim, Martin Perez, Perez, Josh Sborz, Will Smith, Michael Kopech, Touki Toussaint, Sandy Alcantara, George Springer, Matt Chapman, Kevin Gausman, Alcantara, National League Cy Young, Miami's Luis Arraez, Nico Hoerner, Ian Happ, Nick Madrigal, Kyle Hendricks, Josh Palacios, Rich Hill, Zac Gallen, Emmanuel Rivera, Alek Thomas, Julio Teheran, Zack Short, Eric Haase, Javier Baez, Matthew Boyd, Brady Singer, Freddy Fermin, Trevor Williams, Louis, Mason Thompson, Kyle Finnegan, Hunter Harvey, Williams, Miles Mikolas, CJ Abrams, Luis Garcia, Alex Bregman, Yainer Diaz, Chas McCormick, Corey Julks, Daniel Vogelbach, Pete Alonso, Jhonny Brito, Jake Bauers, Billy McKinney, Luis Castillo, Aaron Judge, Anthony Volpe, Brito, Castillo, Josh Naylor, Jose Ramirez, Steven Kwan, Gavin Williams, Ryan Noda, Esteury Ruiz, Paul Blackburn, Kyle Farmer, Max Kepler, Jovani Moran, Justin Turner, Freddie Freeman, Miguel Vargas, Aaron Loup, Brusdar Graterol, Victor Gonzalez, Yency Almonte, Evan Phillips, Joc Pederson, Mike Yastrzemski, Davis, Ryan Walker, Sean Hjelle, Yu Darvish, Walker Organizations: Cincinnati Reds, Reds, Colorado Rockies, floundering Colorado Rockies, Rockies, Cincinnati, The Reds, Rays, Orioles, Tampa, Baltimore, Rangers, White Sox, Chicago, Blue Jays, Marlins, Toronto, Miami, National League, Cubs, Pirates, Pittsburgh, Diamondbacks, Brewers, Arizona, Milwaukee, The Diamondbacks, Tigers, Royals, Detroit, Kansas City, Nationals, Cardinals, Washington, St, Astros, Mets, Houston, Yankees, Mariners, New York, Seattle, Athletics, Oakland, Guardians, Cleveland, Red Sox, Boston, The Twins, Ort, Minnesota, Dodgers, Angels, Seven Dodgers, Giants, Padres, San Diego Padres, Thomson Locations: Cincinnati , Ohio, USA, Elly De La Cruz, St . Petersburg, Fla, Arozarena, Texas, Pittsburgh, Arizona, Washington, San Francisco, Kansas City, New, Cleveland, Minnesota, Minneapolis, Anaheim , Calif, Ohtani
Total: 25