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☆ It's been four years since the market's Covid low with the S&P 500 returning 25% annualized since
▼ + stars: | 2024-03-23 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The four-year total return for the S & P 500 since March 23, 2020, is just about 150%, or 25.7% annualized. .SPX mountain 2020-03-23 S & P 500 since the Covid low This is, of course, an idealized starting point from which to measure performance. While the S & P 500 bottomed at around a three-year low under 2,200, the index spent only a few weeks under 2,500. More qualitatively, it's a bull market, and in a bull market the overshoots occur to the upside, so a rally being "ahead of itself" is not fatal. And the S & P 500 is only 9% higher than it was more than two years ago, hardly reaching escape velocity from planet Sanity.

Persons: –, Warren, Ned Davis, Tim Hayes, bullishness, Rocky White Organizations: HSBC, 3Fourteen, Bank of Japan, Fed, Ned Davis Research, Schaeffer's Investment Research, Intelligence, Bank of America

☆ Tom Brady is merging his nutrition and apparel brands with training company Nobull
▼ + stars: | 2024-01-30 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

Tom Brady will become the No. Seven-time Super Bowl Champion Tom Brady is merging his health and nutrition company, TB12, and his apparel company, Brady, with training brand Nobull. As part of the deal, Brady will become the No. The Boston-based company employs about 100 people across the U.S., U.K. and China, and sells its sneakers and apparel primarily online. Under the merger, the company will continue to operate under the brand name Nobull and aims to become a complete wellness company.

Persons: Tom Brady, Brady, Mike Repole, Nobull, Marcus Wilson, Michael Schaeffer, Repole Organizations: Reebok Locations: Nobull, Boston, U.S, China

CHANNELVIEW, Texas — For nearly 20 years, Texas environmental regulators have kept a disturbing secret. AdvertisementTexas Community Health News; Texas Commission on Environmental Quality"Any exposure to a carcinogen increases your risk of developing cancer. AdvertisementTim Doty, a former TCEQ mobile air monitoring expert, at the industrial edge of River Terrace Park in Channelview, Texas. In fact, the agency rarely fines companies that violate Texas air pollution laws. Mark FelixHoneycutt's toxicology division soon took an even more dramatic step to weaken Texas' benzene guidelines.

Persons: Loren Hopkins, Hopkins, Mark Felix, TCEQ, AirToxScreen, AirToxScreen Harris County Attorney Christian Menefee, Menefee, Tim Doty, Doty, Solv, He'd, Glenn Shankle, Kelly Keel, Todd Riddle, Riddle, Lopez, Joe Lopez, Dora, Joel Lopez, Randy Lopez, It's, Joel, Felix Benzene, wildcatters, Houston —, Forbes, Lorenzo de Zavala, Alison Cohen, Cohen, Tim Doty's, Houston Mayor Bill White, Shankle, Michael Honeycutt, Valerie Meyers, Meyers, Mark Felix Meyers, Richard Hyde, John Sadlier, Ryder, Hyde, hadn't, Russell Allen, Matt Baker, Jacintoport, Cloelle Danforth, Public Health Watch —, Danforth, Mark Felix Honeycutt's, Eric Schaeffer, Schaeffer, Honeycutt, Jim Tarr, polluters, upended, Mark Felix Fracking, Barnett, Glenn Shankle —, —, Rick Perry, Perry, Sadlier, David Bower, misstep, Baker, Bower, Michael Burgess, Greg Abbott, Abbott, Mark Felix Meanwhile, Randy, That's, Carolyn Stone, Stone, Carolyn Stone's, Mark Felix The, Cynthia Benson, Benson, Mark Felix Tim Doty, Mark Felix K, Jordan Gass Organizations: Public Health Watch, Texas Commission, Environmental, American Petroleum Institute, Oceanic, Atmospheric Administration, U.S . Navy, Geospatial - Intelligence Agency, General, Health, Public Health, Rice University, Environmental Protection Agency, Texas Community Health, AirToxScreen Harris County Attorney, polluters, Mark Felix Public Health, TCEQ, Solv, Mark Felix Public Health Watch, myelodysplasia, Houston, Oil, Gas Watch, Texas, Houston Ship, University of California, Houston Mayor, ., . Texas Community Health, NASA, Exxon Mobil, Public, Watch, Environmental Defense Fund, Management, Civil, Air Alliance Houston, Republican, Fort, United, Texas toxicologist, EPA, Texas Tribune, Google, Land Office, . Geological Survey, National Oceanic, Firefighters, U.S . Occupational Safety, Health Administration, Channelview, Improvement Coalition, Health Watch, San Jacinto, K, Texas Legislature, Solv Group, Services Locations: , Texas, Texas, Houston, Channelview's Jacintoport, San Jacinto, California, Jacintoport, Channelview , Texas, AirToxScreen Harris County, Channelview, Harris County, United States, North Channelview, Gulf, Terrace, Joel's, Houston , Texas, Spindletop, Mexico, Republic of Texas, Port of Houston, San Francisco, . Texas, That's, polluters, lacquers, Dallas, Fort Worth, Fort Worth City, Austin, Round, Minnesota, Galveston, U.S

For more than a year, the Environmental Protection Agency investigated whether Louisiana officials discriminated against Black residents by putting them at increased cancer risk. As attorney general, Landry fought the EPA’s investigation. Health officials, for example, wanted the unilateral power to decide if and when they had to do the EPA-proposed analysis. The AP reviewed a draft agreement edited by state health officials and sent to EPA in May, reflecting negotiations at the time. It has not reviewed any draft agreement that would show what Louisiana's environmental agency might have been willing to accept.

Persons: Biden, Eric Schaeffer, it’s, Schaeffer, Republican Jeff Landry, Landry, Deena Tumeh, Tumeh, “, ”, ” Tumeh, Kevin Litten, VI, Sharon, Lavigne, James, Michael Regan, It's, Stacey Sublett Halliday, Beveridge, Diamond, ” Sublett Halliday Organizations: Environmental Protection Agency, The Associated Press, EPA’s, Civil, Louisiana, Republican, EPA, Louisiana Department of Environmental, Louisiana Department of Health, Health, AP, Cancer, Associated Press, Walton Family Foundation Locations: Louisiana, chloroprene, St

PARIS (AP) — The Louvre Museum in Paris and Versailles Palace evacuated visitors and staff Saturday after receiving bomb threats, police said. Paris police said officers searched the museum after it received written bomb threats. Political Cartoons View All 1211 ImagesThe former royal palace at Versailles also received bomb threats, and the palace and its sprawling gardens were being evacuated while police examine the area, according to national police. Macron urged the people of France to “stay united.”___Schaeffer reported from Arras, France. Associated Press journalists Thomas Padilla in Paris and Nicolas Garriga in Arras, France contributed to this report.

Persons: Emmanuel Macron's, Mona Lisa, Gerald Darmanin, Mohammed M, Gambetta, Carnot, ″, Emily Noge, ’ ’ It’s, ‴, Samuel Paty, Macron, “, ” ___ Schaeffer, Thomas Padilla, Nicolas Garriga Organizations: PARIS, Louvre Museum, Police, police, Gare de Lyon, Counterterrorism, The Associated Press, Education Ministry, Associated Press Locations: Paris, Versailles, France, Israel, Louvre, Gare, Arras, Ingushetia, Chechnya, Chechen

☆ Medicare's drug-price negotiations will save the government billions in healthcare spending — but patients may not feel the benefits
▼ + stars: | 2023-09-25 | by ( Natalie Rahhal | ) www.businessinsider.com time to read: +6 min

Patients with private health insurance aren't likely to see a drop in costs from the negotiations. Longo said the price-setting provisions will drive research and investment away from treatment options for Medicare patients. If drug companies won't come to the negotiating table to lower drug prices paid by private insurers, those insurers could take the companies' drugs off their lists of covered medications. Or, if private insurance companies don't negotiate drug prices down for their patients, patients in some cases could seek out different insurance. "These are not full solutions, but they are the beginning of cracks in the facade" of drug companies' constant price hikes, Feldman said.

Persons: Biden, Juliette Cubanski, Jeffrey Davis, Davis, Richard Frank, —, Nicole Longo, Longo, it's, — aren't, Robin Feldman, Feldman, Cuban's Organizations: Medicare, Healthcare, Morning, Centers, Services, Congressional, McDermott, Consulting, Brookings Schaeffer Initiative, Health, Pharmaceutical Research, Manufacturers of America, PhRMA, University of California Law School, Costco, Pharmaceutical Locations: Lower

(AP) — Lawyers agreed Thursday to a May trial date for a Maryland man facing hate crime charges after authorities said he fatally shot three Latino men and wounded three other people during a parking dispute earlier this year in the state's capital city. He told Administrative Judge Donna Schaeffer that he understood his decision to waive his right to trial in 180 days. Attorneys agreed to begin jury selection for next year's trial on May 31, with the trial expected to run until June 17. The three who were shot to death — 27-year-old Mario Mireles, his 55-year-old father Nicholas Mireles and 25-year-old Christian Segovia — were Latino. Smith surrendered when the police arrived at his house on the night of the shooting.

Persons: Charles Robert Smith, Anne, Donna Schaeffer, Mario Mireles, Nicholas Mireles, Segovia —, Smith, Shirley Smith, Charles Smith Organizations: — Locations: ANNAPOLIS, Md, Maryland, Anne Arundel

☆ Weight loss drugs boost sales at retail pharmacies, but they may not help profits much
▼ + stars: | 2023-08-21 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +5 min

George Frey | ReutersDrugmakers aren't the only ones feeling the impact of the weight loss industry gold rush. Retailers with pharmacy businesses, such as Walmart , Kroger and Rite Aid , said increased demand for prescription weight loss drugs helped boost sales for the second quarter. Are weight loss drugs profitable? A selection of injector pens for the Saxenda weight loss drug are shown in this photo illustration in Chicago, Illinois, U.S., March 31, 2023. For one, branded drugs don't directly compete with other medications because they have patent protections.

Persons: George Frey, Reuters Drugmakers, Arun Sundaram, it's, Elon Musk, Eli Lilly, Doug McMillon, Matthew Schroeder, Schroeder, Rodney McMullen, CFRA Research's Sundaram, Michael Lasser, Jim Vondruska, USC's Schaeffer Organizations: KR NOVO.B, Novo Nordisk, Pharmacy, Reuters, Walmart, Kroger, Rite, CFRA Research, CNBC, Nordisk, Elon, Pfizer, UBS, USC's, USC's Schaeffer Center for Health, Association Locations: Provo , Utah, U.S, GLP, Chicago , Illinois

☆ Sports drink entrepreneur Mike Repole takes majority stake in sneaker brand Nobull
▼ + stars: | 2023-07-20 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Nobull is a training brand founded in 2015 by former Reebok executives Marcus Wilson and Michael SchaefferNobull is a training brand founded in 2015 by former Reebok executives Marcus Wilson and Michael Schaeffer. Terms of the deal were not disclosed, but Repole said it's his biggest investment in a brand to date. Mike Repole's private equity firm will buy a majority stake in the company Nobull, he told CNBC on Thursday. "I think that this brand can really be a life-changing brand for so many people," Repole said. Co-founder Wilson said Repole's history of successful exits is part of what makes him a compelling partner for Nobull.

Persons: Marcus Wilson, Michael Schaeffer Nobull, Michael Schaeffer, Repole, it's, Mike, It's, Vitaminwater, Wilson, who's Organizations: Reebok, CNBC, Impact Capital, NFL, Nobull Locations: Boston, United States, United Kingdom, China, Coke

The U.S. Justice Department and Federal Trade Commission (FTC) have mounted an unprecedented number of legal challenges to mergers since Biden came to office in 2021. The Justice Department lost a merger in the insurance industry but won an effort to stop a book publisher merger. Deal advisers said companies had already braced for a tough antitrust regime under Biden and some had been emboldened by the regulators' recent court losses. "The (regulators' guidelines) do provide more transparency but that transparency also reveals some concerns that they are quite hostile to consolidation. The new antitrust guidelines also reflect the White House's focus on labor issues.

Persons: Gonzalo Fuentes, Joe Biden's, Biden, Department's, Kenneth Schwartz, Flom, Fiona Schaeffer, Milbank, Elizabeth Warren, Warren, Diane Bartz, Richard Chang, Chizu Nomiyama, Daniel Wallis Organizations: Viva Technology, Porte de, REUTERS, U.S . Justice Department, Federal Trade Commission, Microsoft, Activision Blizzard Inc, FTC, Meta, Justice Department, JetBlue Airways, Spirit Airlines Inc, Amazon.com, Amazon, Flom LLP, Global, LSEG, Intelligence, Democrat, Congress, Thomson Locations: Porte, Paris, France, WASHINGTON, Skadden, Slate

☆ Chinese postpartum confinement, called ‘zuo yue zi,’ is gaining Western appeal
▼ + stars: | 2023-05-07 | by ( Mayumi Maruyama | ) edition.cnn.com time to read: +7 min

Hong Kong CNN —You cannot carry heavy things. Chan is a “pui yuet,” also called a confinement nanny, who lives with families after a baby is born. Richard, a content creator from Canada, traveled to Hong Kong to become a model and fell in love with her husband, Tom, there. During that time, the pui yuet makes dishes catering to the mother’s physical needs and helps her with milk production and other concerns. Few entities track the pricing of nannies in Hong Kong on a consistent basis because most negotiations are directly between clients and the nannies.

☆ A drug company abandoned a treatment for ‘bubble boy disease.’ After a 5-year fight, this little girl is about to get it
▼ + stars: | 2023-04-27 | by ( Elizabeth Cohen Lauren Mascarenhas | Elizabeth Cohen | Lauren Mascarenhas | ) edition.cnn.com time to read: +29 min

The Sulacks weighed their options: Have a transplant with a match that was less than ideal – far less – or wait for gene therapy to become available. The news release didn’t say anything else about the SCID gene therapy. Or was the company abandoning its plans for SCID gene therapy altogether? In February, 2021, the parents of more than 20 children who were waiting for the gene therapy treatment, including the Sulacks, wrote a letter to Gaspar. Insurance companies have sometimes balked at paying for gene therapy, which is typically given in one treatment.

[1/3] A security guard walks in the ATM lobby of a Signature Bank branch in New York City, U.S., March 13, 2023. The proposed class action against Signature and its former chief executive officer Joseph DePaolo, chief financial officer Stephen Wyremski and chief operating officer Eric Howell was filed in the federal court in Brooklyn. Silicon Valley Bank is the largest. On Sunday, U.S. regulators decided to make Signature and Silicon Valley Bank depositors whole regardless of how much they held in their accounts. The case is Schaeffer v Signature Bank et al, U.S. District Court, Eastern District of New York, No.

☆ Volkswagen focuses on productivity in challenging year
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +1 min

Companies Volkswagen AG FollowMarch 8 (Reuters) - Volkswagen (VOWG_p.DE) needs to focus on productivity at its mass-market brands to cope with a step up in competition this year as supply chains improve, car production rises and consumers remain under pressure, executives said on Wednesday. "2023 must be the year of productivity," finance chief Arno Antlitz told staff newspaper 360 Grad (360 Degrees). Antlitz and VW brand chief Thomas Schaeffer said supply chain snags would continue to affect output this year, but Antlitz said chip supply was improving. Volkswagen said last week it expected sales to rise by up to 331 billion euros ($350 billion) this year and forecast a 14% increase in vehicle deliveries from 2022. ($1 = 0.9454 euros)Reporting by Jan Schwartz and Victoria Waldersee Editing by Riham Alkousaa and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Analysis: Some highly rated US companies take unusual funding route as rates rise
▼ + stars: | 2023-02-27 | by ( Shankar Ramakrishnan | ) www.reuters.com time to read: +4 min

Credit-worthy companies have found in the past that they can raise funds more cheaply in investment-grade bond markets. They were able to issue the securities at much lower interest rates than what they would have had to pay on a bond. In interviews, two bankers and an investor said that uncertainty has made convertible bonds an attractive option to raise money for some investment-grade companies. Earlier this week, for example, investors bought PPL’s convertible bond at 100 cents on the dollar, or at par. Because defensive stocks such as utilities like PPl could benefit if interest rates keep rising, potential returns for investors in convertible bonds could be boosted.

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