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☆ Biotech stocks are ready to break out. They just need one more thing
▼ + stars: | 2024-04-10 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +5 min

While debate rages on about when the Federal Reserve might start cutting interest rates, biotech industry analysts are making the case that the argument for stocks in the sector is growing. Last week, Morgan Stanley analysts noted that it is the months leading up to an initial rate cut when biotech stocks outperform. Morgan Stanley also believes the case for biotech stocks is further reinforced by the financing environment and the outlook for mergers and acquisitions as well as upcoming innovation. The case for innovation Morgan Stanley also favors owning biotech stocks that have a strong drug platform even if the key catalyst of clinical trial data and FDA approvals are farther out. Rhythm ranks among the stocks rated overweight that Morgan Stanley favors in this category.

Persons: Morgan Stanley, Needham, Joseph Stringer, dealmaking, Stringer, erosive, it's, Phathom, GERD, LSEG, Merck, — CNBC's Michael Bloom Organizations: Federal Reserve, Nasdaq, Oncology, Immunology, Phathom Pharmaceutical, Pharmaceuticals, Phathom Pharmaceuticals, LSEG, Drug, Bristol Myers Squibb, Pfizer, Intellia Therapeutics, Rocket Pharmaceuticals Locations: New Jersey

☆ Netanyahu must be removed, say top former Israeli national security officials
▼ + stars: | 2024-01-26 | by ( Alex Marquardt | ) edition.cnn.com time to read: +7 min

CNN —More than 40 senior former Israeli national security officials, celebrated scientists and prominent business leaders have sent a letter to Israel’s president and speaker of parliament demanding that Israeli Prime Minister Benjamin Netanyahu be removed from office for posing what they say is an “existential” threat to the country. “The victim’s blood is on Netanyahu’s hands.”The letter was sent to Israeli President Isaac Herzog on Thursday and to Knesset Speaker Amir Ohana on Friday. The frontrunner in the poll was the National Unity party led by former IDF chief of staff Benny Gantz, currently a member of Netanyahu’s war cabinet. Video Ad Feedback Backlash grows over Israel's Netanyahu seemingly ruling out a two-state solution. Netanyahu told a news conference last week that politicians who are asking him to step down are essentially asking for a Palestinian state.

Persons: Benjamin Netanyahu, Netanyahu, Isaac Herzog, Amir Ohana, “, Moshe Ya’alon, Dan Halutz, Tamir Pardo, Danny Yatom, Nadav Argaman, Yaakov Peri, Shin, Aaron Ciechanover, Avram Hershko, Dan Shechtman, Benny Gantz, aren’t, Yair Lapid, ”, Haim Tomer, ” Tomer, Israel's Netanyahu, Bezalel Smotrich, Itamar Ben Gvir, Biden, Tomer, I’ve, ” Israel Organizations: CNN, Israel Defense Forces, “, Shin Bet, Israel’s, Likud, National Unity, Palestinian Authority, West Bank, Mossad, International Court of Justice Locations: Israel, Iran, United States, Gaza, Qatar, Palestinian, South Africa

McALLEN, Texas (AP) — The Biden administration announced they waived 26 federal laws in South Texas to allow border wall construction on Wednesday, marking the administration’s first use of a sweeping executive power employed often during the Trump presidency. The Clean Air Act, Safe Drinking Water Act and Endangered Species Act were some of the federal laws waived by DHS to make way for construction that will use funds from a congressional appropriation in 2019 for border wall construction. Starr County Judge Eloy Vera said it will start south of the Falcon Dam and go past Salineño, Texas. “A border wall is a 14th century solution to a 21st century problem. It will not bolster border security in Starr County,” U.S. Representative Henry Cuellar said in a statement.

Persons: —, Trump, Alejandro Mayorkas, Starr, Eloy Vera, ” Eloy Vera, Laiken, Greg Abbott, Biden, Henry Cuellar, “, Dan Stein, ” Organizations: Biden, Department of Homeland Security, U.S . Federal, Patrol, Act, DHS, Wildlife, Center for Biological Diversity, Texas, U.S . Customs, Protection, Democratic, ” U.S, Federation for American Immigration Reform Locations: McALLEN , Texas, South Texas, Starr County , Texas, United States, Zapata, McAllen , Texas, Lower Rio Grande, Starr, Salineño , Texas, U.S, Eagle, “, Starr County, ”

☆ Opinion | The Birds Are Singing, but Not for Me
▼ + stars: | 2023-07-22 | by ( David George Haskell | ) www.nytimes.com time to read: +2 min

Graphs from my audiologist show hearing loss across all sound frequencies, but especially for high sounds, so I was expecting this moment. Yet my hearing loss is now worse than most of my cohort of friends in their mid-50s, a quirk of my genes. The hair cells in our ears are descendants of the wiggly cilia hairs that animate single-celled creatures swimming around in ponds and ocean water. Sudden shocks like gun blasts kill inner-ear hair cells. Instead, aging undermines hair cells.

Persons: I’ve, I’m Organizations: National Institutes of Health

☆ Workers in the US now want at least $76,000 to start a new job as minimum wage expectations continue to rise in a red-hot job market
▼ + stars: | 2023-04-19 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +3 min

Employees' wage expectations have risen to $76,000 a year, according to a New York Fed survey. The rise in expected salary levels comes at a time of historically low unemployment rates in America. Those with a college degree raised their reservation wage expectations by about $5,000 to over $97,000. The rise in expected salary levels makes sense, as it comes at a time of historically low unemployment rates in America. This, in turn, leads to employees upping their salary expectations to combat inflation's erosive effects.

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