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☆ Buffett's Berkshire Hathaway trouncing the market this year and near a record heading into shareholder meeting
▼ + stars: | 2024-05-03 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Berkshire Hathaway shares are near all-time highs ahead of the conglomerate's annual shareholder meeting, but a few worries are weighing on analysts' minds. BRK.B ALL mountain Berkshire Hathaway Class B shares But that doesn't mean the stock is without its problems. Berkshire Hathaway Energy Berkshire Hathaway has been contending with several high-profile lawsuits in recent months, including the settlement this year of a billion-dollar lawsuit with the Haslam family over how Berkshire valued Pilot Travel Centers, a truck-stop giant. Her 12-month price target of $472 implies Berkshire shares can climb roughly 18% from Thursday's closing price of $400.60 per share. "I think that the future is very bright for Berkshire Hathaway," Shanahan said.

Persons: Berkshire Hathaway, Cathy Seifert, Berkshire Hathaway Energy Berkshire Hathaway, Haslam, PacifiCorp, Warren Buffett's Berkshire Hathaway, Buffett, Edward Jones, James Shanahan, CFRA's Seifert, Seifert, Shanahan, Bull Organizations: Berkshire, Berkshire Hathaway, CFRA Research, Berkshire Hathaway Energy Berkshire, Travel Centers, Berkshire Hathaway Energy, Federal Reserve, CNBC Locations: Berkshire, Oregon, Northern California, Warren, Woodstock, Omaha , Nebraska

☆ Most doses of Eli Lilly's Zepbound, Mounjaro in short supply through June, FDA says
▼ + stars: | 2024-04-17 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +1 min

An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City, U.S., December 11, 2023. Most doses of Eli Lilly 's highly popular weight loss drug Zepbound and diabetes counterpart Mounjaro will be in short supply through the second quarter of this year as demand jumps, according to an update on the Food and Drug Administration's drug shortage database on Wednesday. All doses of Zepbound and Mounjaro besides the 2.5-milligram versions of both treatments are in a shortage. "We recognize this situation may cause a disruption in peoples' treatment regimens and areworking with purpose and urgency to help meet the surge in demand," an Eli Lilly spokesperson said in a statement to CNBC. The company expects its investments in manufacturing and supply capacity "to progressively increase production of our medicines throughout 2024 and beyond," they added.

Persons: Eli Lilly’s, Eli Lilly Organizations: Food, Novo Nordisk, CNBC Locations: New York City, U.S

☆ Goldman crushes revenue and earnings forecasts as investment-banking fees soar
▼ + stars: | 2024-04-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Goldman Sachs reported first-quarter earnings on Monday that trounced Wall Street's forecasts. The investment bank generated over $14 billion in net revenue and $11.58 in earnings per share. Goldman reported strong growth in investment-banking fees and asset and wealth management. Goldman's asset and wealth management arm posted an 18% rise in net revenue to $3.8 billion, helped by record quarterly management and other fees. AdvertisementIn the earnings release, Goldman CEO David Solomon said: "Our first quarter results reflect the strength of our world-class and interconnected franchises and the earnings power of Goldman Sachs.

Persons: Goldman Sachs, Goldman, —, David Solomon Organizations: Wall, Service

☆ Trump, Trailing Biden in Cash, Relies on Big Donors to Try to Catch Up
▼ + stars: | 2024-04-15 | by ( Rebecca Davis O Brien | ) www.nytimes.com time to read: +1 min

Former President Donald J. Trump leaned heavily on major Republican donors in March as his campaign and the Republican Party sought to close the financial gap separating him from President Biden, new federal filings showed on Monday. For much of the race, Mr. Trump has relied on small donors — in particular, those giving less than $200 online — to sustain his campaign. But in recent weeks, as Mr. Trump finished trouncing his primary opponents and Mr. Biden and the Democrats gathered fund-raising steam, these donors have opened their checkbooks to the former president. In the last two weeks of March alone, one committee backing Mr. Trump raised nearly $18 million, nearly all from six-figure contributions. Mr. Trump and the Republican Party finished the month with $93 million on hand between all their committees, his campaign has said, having raised more than $65 million in March.

Persons: Donald J, Trump, Biden Organizations: Republican Party

☆ Cramer says get ready to buy if there's a market sell-off: 'I have my shopping list'
▼ + stars: | 2024-03-04 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday disputed talk of sector bubbles, saying investors should be prepared to buy if there's a sell-off and undervalued stocks pull back. "I will be ready to buy if this market sells off," he said. He opined about the burgeoning artificial intelligence sector, saying that despite its current popularity, investors may not yet conceive of how influential this new technology will be. Cramer also pointed to Nvidia — which recently closed above the $2 trillion market cap — and said the company hasn't been overvalued. "I'm not fretting, I'm just expecting, and I have my shopping list of what to buy on weakness for the charitable trust."

Persons: CNBC's Jim Cramer, Cramer, hasn't, Wall, Nvidia's, —, Eli Lilly, I'm Organizations: Nvidia, Novo Nordisk

☆ Weight loss drugs are still hard to find — but Novo Nordisk and Eli Lilly are trying to change that
▼ + stars: | 2024-02-10 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +8 min

Victoria Klesty | ReutersThe insatiable demand for weight loss drugs is trouncing supply, leaving many patients struggling to find the injectable treatments. The dominant weight loss drugmakers, Novo Nordisk and Eli Lilly , have said supply woes likely won't go away anytime soon, as the popularity of those medicines continues to soar. Some Wall Street analysts project that the weight loss drug market could be worth $100 billion by the end of the decade. But both Novo Nordisk and Eli Lilly gave updates on positive supply developments to investors over the last week. Other forms of weight loss drugs could helpAlternative forms of weight loss drugs could also help alleviate supply constraints in the future.

Persons: Victoria Klesty, Eli Lilly, Cantor Fitzgerald, Louise Chen, Nordisk's Wegovy, Eli Lilly's Zepbound, Goldman Sachs, Jeff Friedman, Novo, Mike Segar, Eli, Catalent, Yves Herman Yves Herman, TD Cowen, Michael Nedelcovych, Anat Ashkenazi, Cantor Fitzgerald's Chen, Morgan Stanley, Eli Lilly's, George Frey Organizations: Novo Nordisk, CNBC, Nordisk's, University of Florida, Pfizer, AstraZeneca, Roche, Food, Nordisk, Company, FDA, Novo Holdings, Wegovy, REUTERS, Reuters, U.S Locations: Oslo, Norway, Novo, U.S, Branchburg , New Jersey, Brussels, Belgium, Catalent, Concord , North Carolina, North, Germany, Indiana, Denmark, France

☆ Election 2024 Trump rolls in Nevada, Biden is roiled by a special counsel — and the race remains largely unchanged.
▼ + stars: | 2024-02-09 | by ( Chris Cameron | Michael Gold | ) www.nytimes.com time to read: +6 min

Even in a campaign in which Mr. Trump’s dominance has sapped the race of much of its drama, his win in Nevada felt particularly preordained. Embarrassingly for Ms. Haley, she was heavily outvoted in that election by a “None of These Candidates” option on the ballot. She was essentially unopposed, but even without Mr. Trump on the ballot, Republican voters rejected her. Ms. Haley still won the contest, but its results were effectively immaterial. Mr. McDonald also repeatedly pushed false claims of voter fraud that remain at the heart of Mr. Trump’s lie that the 2020 election was stolen from him.

Persons: Donald J, Trump, Nikki Haley, Embarrassingly, Haley, Trump’s, trouncing Ms, Haley’s, Biden, Max Whittaker, William E, ”, Susan Sevilleja, “, Michael J, McDonald, Biden’s, McDonald’s, Ron DeSantis, Kellen Browning Organizations: Nevada’s Republican, Associated Press, Nevada Republican Party, Republican Party, Republican, U.S . Virgin, Republicans, Democratic, Mar, The New York Times, Nevada Republicans, William, Orr Middle, White House, Mr, Trump, Gov Locations: Nevada’s, Nevada, Colorado, Florida, Las Vegas

☆ Meta is trouncing Snap in Digital ads — here's why
▼ + stars: | 2024-02-06 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on May 20, 2021 in Los Angeles. The online ad market is bouncing back. Snap reported an increase of just 5% year-over-year, its sixth straight quarter of single-digit growth or a decline in sales. For the first quarter, Snap projected revenue of $1.095 billion to $1.135 billion, which would equal growth of between about 11% and 15%. Broadly, the digital ad market is recovering from a brutal 2022, when soaring inflation and rising interest rates led brands to reel in spending.

Persons: Evan Spiegel, Meta, Jasmine Enberg Organizations: Snap Inc, Facebook, Google, Microsoft, Insider Intelligence Locations: Los Angeles, Paris

President Barack Obama won Florida in 2008 and 2012, but Trump carried the state in 2016 and 2020. AP VoteCast found that Biden won just 54% of the state’s Latino voters in 2020, down substantially from his national average of 63%. For example, Biden won Miami-Dade and Palm Beach counties in 2020, but by lower margins than Hillary Clinton did in 2016. "The assumption that Florida will necessarily be an easy victory for Republicans is questionable.”Both Florida parties have been hit by infighting. The Republicans recently ousted their state party chair, Christian Ziegler, after he got caught up in a sex scandal.

Persons: Joe Biden, Donald Trump, Biden, Barack Obama, Trump, AP VoteCast, Hillary Clinton, Kevin Wagner, Wagner, Ron DeSantis, Christian Ziegler, “, Evan Power, Nikki Fried, Fried, ” Fried, ___ Spencer, Josh Boak Organizations: WASHINGTON, Republican, Trump, Democratic National Committee, Florida, Republicans, Democrats, Senate, AP, Democratic, Miami, Dade, Fort, Bureau of Labor Statistics, Florida Atlantic University, Republican Gov, GOP, Democratic Party, Associated Press Locations: Florida, Trump's, Lago, Miami, U.S, Midwest, Northeast, Palm Beach, Fort Lauderdale, West Palm Beach, Beach, Fort Lauderdale , Florida

☆ This energy drink stock trouncing the market appears ready for its next bull run, according to the charts
▼ + stars: | 2024-01-17 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

However, America's quest for a healthier lifestyle in a post-pandemic era led Pepsi to invest in Celsius (CELH) in August, 2022. International opportunity The Pepsi distribution deal helped Celsius spread across America quickly and it is now sitting at the No. DISCLOSURES: (Gordon owns CELH in personal (stock and options) and stock in wealth management business.) THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: it's, Ozempic, CELH, Jarrod Langhan, Gordon Organizations: Pepsi, Cola, Tactical Alpha, Monster Beverage, Beverage Locations: America, Canada, United Kingdom, Australia, Germany

☆ Indian economy to exceed growth estimates after strong Q2 beat : economists
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +3 min

The country's economy expanded 7.6% in the July-September quarter, trouncing estimates of a 6.8% rise, data released on Thursday showed. He had an earlier forecast growth at 6.7%. The government stuck to its 6.5% growth forecast for the year, but chief economic advisor V. Anantha Nageswaran said he was "more comfortable with an upside to this projection than before". Reuters GraphicsCitigroup revised its growth forecast for the financial year upwards by 50 basis points to 6.7% citing a pick-up in investment activity. "This reaffirms our view of sustained investment recovery," the Wall Street bank's chief India economist Samiran Chakraborty said in a note.

Persons: Ranita Roy, Saumya Kanti Ghosh, V, Anantha Nageswaran, Gross, Samiran Chakraborty, Chakraborty, Radhika Rao, Gaura Sen Gupta, Ira Dugal, Nivedita Organizations: REUTERS, Rights, State Bank of India, Reuters Graphics Citigroup, Street bank's, DBS, IDFC, Bank Economics Research, Thomson Locations: Kolkata, India

☆ US Thanksgiving weekend sales hit record $38 bln on big discounts - report
▼ + stars: | 2023-11-28 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Shoppers crowd a Walmart store ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. Online consumer spending jumped 7.8% during Cyber Week, or the five days from Thanksgiving through Cyber Monday, according to data from Adobe Analytics, outstripping initial expectations for a 5.4% rise. But blockbuster deals rolled out from Thanksgiving Day through Cyber Monday helped spread the holiday cheer for bargain-hunters. Sales on Cyber Monday jumped a better-than-expected 9.6% to a record $12.4 billion, as shoppers clicked "buy" on Hot Wheels toys, PlayStation 5, smart watches and kitchen appliances. Reuters GraphicsAdobe said discounts peaked at 31% for electronics and at 27% for toys on Cyber Monday, which is typically the biggest online shopping day in the U.S.

Persons: Kamil Krzaczynski, Vivek Pandya, trouncing, Klarna, Deborah Sophia, Juby Babu, Pooja Desai Organizations: Walmart, REUTERS, Adobe Analytics, Deloitte, Adobe Digital, Graphics Adobe, Thomson Locations: Chicago , Illinois, U.S, Bengaluru

☆ Amazon touts 'record-breaking' sales in kickoff to holiday shopping season
▼ + stars: | 2023-11-28 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon said Tuesday it rang up "record-breaking" sales in the run-up to Cyber Monday as consumers, still pinched by inflation, sought discounts. The company said the period from Nov. 17 to Cyber Monday marked its "biggest ever" holiday shopping event compared to the same 11-day stretch last year. Amazon, which did not disclose actual sales figures, added that shoppers worldwide bought more than 1 billion items during the period. Retailers and analysts were cautious heading into this year's holiday shopping season. While consumers have remained resilient, grocery prices remain high, and the resumption of student loan payments has eaten into some shoppers' holiday budgets.

Persons: Doug Herrington Organizations: Amazon, Deal, Worldwide Amazon Stores, U.S, Adobe Analytics, Adobe's Locations: Robbinsville , New Jersey, U.S

☆ US Thanksgiving weekend sales hit record on big discounts, online boost
▼ + stars: | 2023-11-28 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +3 min

More than 200 million shoppers tapped into promotions both in-store and online during the Thanksgiving weekend, the National Retail Federation (NRF) said on Tuesday. That was a jump from the 196 million shoppers seen last year and trumped the trade association's estimates of 182 million. Online shoppers rose 3.1% to 134.2 million, making up for a slight dip in the number of customers who visited brick-and-mortar stores. The weekend saw about 121.4 million in-store shoppers, down from 122.7 million in 2022, according to the retail body. Adobe said discounts peaked at 31% for electronics and at 27% for toys on Cyber Monday, which is typically the biggest online shopping day in the U.S.

Persons: Kamil Krzaczynski, Matthew Shay, Vivek Pandya, trouncing, Klarna, Deborah Sophia, Juby Babu, Pooja Desai Organizations: Walmart, REUTERS, Adobe Analytics, Deloitte, National Retail Federation, Shoppers, Adobe Digital, Adobe, Thomson Locations: Chicago , Illinois, U.S, Bengaluru

☆ Dutch shock points to tremors in Europe’s core
▼ + stars: | 2023-11-23 | by ( Rebecca Christie | ) www.reuters.com time to read: +4 min

Dutch far-right politician and leader of the PVV party, Geert Wilders speaks to the press following the exit poll and early results in the Dutch parliamentary elections, in The Hague, Netherlands November 22, 2023. The results add to the sense that Europe’s core is starting to rot. Even if Wilders drops his most radical ideas, mainstream conservatives, who won 24 seats, may have reservations about supporting his cause. The Dutch results, combined with German political turmoil, likely put paid to hopes of a deal on Europe’s fiscal rules by year-end. Europe’s core, the bloc’s lynchpin during the euro zone crisis, is now a shaky foundation.

Persons: Geert Wilders, Yves Herman, Mark Rutte, Wilders, won’t, Giorgia Meloni, ’, Rutte, Neil Unmack, Streisand Neto Organizations: REUTERS, Rights, Reuters, EU, Party, Freedom Party, Labour, Italian, Green, People’s Party for Freedom and Democracy, Thomson Locations: The Hague, Netherlands, Rights BRUSSELS, Wednesday’s, Hague, Europe, Ukraine, Israel, France, Germany, Dutch, Belgium

☆ Ron DeSantis says Donald Trump is too old to be president: 'Father Time is undefeated'
▼ + stars: | 2023-11-20 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Ron DeSantis, 45, says his onetime mentor Donald Trump, 77, is too old to be president. "The presidency is not a job for somebody that's pushing 80 years old," DeSantis told CNN on Sunday. Ron DeSantis of Florida told CNN on Sunday that his mentor-turned-rival Donald Trump is too old to be president. I go in day one, I'll serve two terms, deliver big results, and get the country moving again," DeSantis told CNN's Jake Tapper. A representative for the Trump campaign told Business Insider that the former president was trouncing DeSantis in the polls, and slammed DeSantis for making the comments against Trump.

Persons: Ron DeSantis, Donald Trump, DeSantis, —, Trump, Joe Biden, Time, CNN's Jake Tapper, trouncing Organizations: CNN, Service, Republican, Business, Trump, BI Locations: Florida

☆ Nikki Haley managed to diss and pledge support to Trump in a single statement
▼ + stars: | 2023-11-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

"I don't think he's the right president going forward," Haley said. But she later added that she'll support Trump if he clinches the GOP nomination. AdvertisementGOP presidential candidate Nikki Haley says she doesn't think Donald Trump is the "right president going forward" but will still back him if he's the party nominee. I don't think he's the right president going forward," Haley told CNBC's Joe Kernen. AdvertisementHowever, Haley later said that she would still support Trump if he clinches the GOP's nomination.

Persons: Nikki Haley, Donald Trump, Haley, —, CNBC's, CNBC's Joe Kernen, CNBC's Melissa Lee, Kamala Harris, Joe Biden's, Trump, Ron DeSantis, trouncing Haley Organizations: CNBC, Trump, GOP, Service, United Nations, Republican, Florida Gov, Business, BI

☆ David Einhorn, who is trouncing the market this year, bought a small cap crude oil play
▼ + stars: | 2023-11-15 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

David Einhorn's Greenlight Capital made several bets in energy and health care during the third quarter, according to a new securities filing. That position was worth $65.2 million. Greenlight also bought up shares in biotech names Gain Therapeutics and Coya Therapeutics , increasing those stakes by 7.7% and 19.2%, respectively. The fund's largest position, homebuilding stock Green Brick Partners , was worth more than $512 million as of the end of September. Greenlight has soared past the broader market this year, returning 12.9% in the third quarter to bring its 2023 gains to more than 27%.

Persons: David Einhorn's, Einhorn, Russia's, Greenlight Organizations: Holdings, Securities, Exchange, Southwestern Energy, Consol Energy, Therapeutics, Coya Therapeutics, Green Brick Partners, Kyndryl Holdings Locations: Israel, Ukraine, U.S

☆ Trump’s extreme rhetoric conjures the prospect of a presidency like no other
▼ + stars: | 2023-11-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

CNN —Donald Trump is promising a second presidency that would be an aberration in American history. And Trump’s ambitions should be taken seriously because one year from the election, President Joe Biden’s reelection hopes are far from secure. He dehumanizes his political enemies, has discredited the legal, political and electoral system, has demonized the press and has targeted vulnerable members of society, minorities and immigrants, as scapegoats. With questionable historic comparisons, Trump’s critics only fuel his bid to provoke the outrage that is essential to his political appeal. Nikki Haley have only criticized Trump obliquely, understanding there’s no market in the modern Republican Party for confronting Trump’s lawlessness.

Persons: Donald Trump, Trump, Joe Biden’s, “, ” Trump, ”, “ Donald Trump parroted, Adolf Hitler, Benito Mussolini, Ammar Moussa, he’s, he’ll, else’s, Biden, —, Bill Clinton, Barack Obama, there’s, Bob Dole, Mitt Romney, institutionalists, Republican Party isn’t reining, Trump’s, Mike Pence, Chris Christie, Asa Hutchinson, Ron DeSantis, Nikki Haley, South Carolina Sen, Tim Scott, Susie Wiles, Chris LaCivita, …, Mark Milley, who’s, Jack Smith’s, –, Abraham Lincoln’s, George Washington’s, ” Smith Organizations: CNN, White, Veterans, Trump, New York Times, Republican, Democratic, Capitol, Republican Party, GOP, Florida Gov, South Carolina Gov, Justice Department, Conservative Political, Conference, Univision, Joint Chiefs, Staff, NBC News, MSNBC, Abraham Lincoln’s Gettysburg Locations: New Hampshire, Gaza, Ukraine, China, Russia, Europe, America, South Carolina

☆ Ram made an electric truck with a generator for people who aren't ready to give up gas convenience
▼ + stars: | 2023-11-08 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

The 2025 Ram 1500 Ramcharger is a new electric truck... kind of. The 2025 Ram 1500 Ramcharger. StellantisRam's answer to those anxieties is the 2025 Ram 1500 Ramcharger, an electric truck with a range-extending gasoline generator. The 2025 Ram 1500 Ramcharger. The 2025 Ram 1500 Ramcharger.

Persons: Ramcharger, —, Rivian, Tesla, Stellantis, Ram Organizations: Service, Tesla, Toyota RAV4 Prime, Chevrolet, Ford, General Motors

☆ GSK lifts annual forecasts on strong launch of RSV vaccine
▼ + stars: | 2023-11-01 | by ( Eva Mathews | ) www.reuters.com time to read: +3 min

Arexvy, launched in the United States recently, recorded third quarter sales of 709 million pounds ($862 million), trouncing analysts' expectations of 358 million pounds, according to a company-compiled consensus. GSK accounts for close to two-thirds of RSV shots given in the United States since early September, according to IQVIA data. Full-year sales are seen between 900 million pounds and 1 billion pounds for the shot, GSK said. The company faces about 79,000 cases related to Zantac in the United States, with 73,000 of them in Delaware and scheduled for trial starting January 2024. For the third quarter, Shingrix, the company's top-selling drug for shingles, generated 825 million pounds in sales.

Persons: Dado Ruvic, Abrysvo, Dani Saurymper, Emma Walmsley, Eva Mathews, Maggie Fick, Tomasz Janowski, Mark Potter Organizations: GSK, GlaxoSmithKline, REUTERS, stg, CVS, Pfizer, Pacific Asset Management, GSK's, Thomson Locations: London, United States, U.S, Europe, Japan, Delaware, Bengaluru

☆ GSK raises annual forecasts powered by strong Arexvy launch
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

Analysts expect the British drugmaker's RSV vaccine Arexvy to power future growth, amid worries about the strength of its pipeline of drugs in development and costly U.S. litigation over discontinued heartburn drug Zantac. Arexvy, launched in the United States recently, is expected to garner full-year sales of between 900 million pounds to 1 billion pounds ($1.22 billion), GSK said. For the third quarter, the shot recorded sales of 709 million pounds, trouncing analysts' expectations of 358 million pounds, according to a company-compiled consensus. Meanwhile, sales are seen to rise by 12% to 13% in 2023 compared with earlier expectations of 8% to 10%. For the reported quarter, sales of Shingrix, the company's top-selling drug to treat shingles, generated 825 million pounds, below market estimates of 868 million pounds.

Persons: Dado Ruvic, Eva Mathews, Subhranshu Sahu, Tomasz Janowski Organizations: GSK, GlaxoSmithKline, REUTERS, Thomson Locations: United States, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. JPMorgan Chase (JPM.N), Wells Fargo (WFC.N) and Citigroup (C.N) rose between 3% and 5% after trouncing quarterly profit estimates as they benefited from higher interest rates. The S&P 500 Banks index (.SPXBK) gained 3.2%, hitting a three-week high. Options traders are bracing for larger-than-usual post-earnings stock price swings for some U.S. banks, despite signs of cooling volatility in broader markets, options data showed. The energy sector (.SPNY) tracked a more than 3% jump in crude prices and led the gains among S&P 500 sectors.

Persons: Brendan McDermid, Wells, JPMorgan Chase, Wells Fargo, Stuart Cole, Cole, Patrick Harker, Investors, Todd Vasos, Jeffery Owen, Shashwat Chauhan, Ankika Biswas, Saumyadeb Chakrabarty, Shounak Dasgupta, Anil D'Silva Organizations: New York Stock Exchange, REUTERS, Companies JPMorgan, Citigroup, Dow, Nasdaq, JPMorgan, Citi, Equiti, BlackRock, Federal Reserve Bank of Philadelphia, Dow Jones, Hamas, Dollar, Boeing, NYSE, Thomson Locations: New York City, U.S, Wells Fargo, Israel, Gaza City, Bengaluru

☆ AstraZeneca succession sickness demands urgent fix
▼ + stars: | 2023-09-15 | by ( Aimee Donnellan | ) www.reuters.com time to read: +3 min

LONDON, Sept 15 (Reuters Breakingviews) - Can a CEO be worth $9 billion? That’s the question posed by the 4% fall in AstraZeneca’s (AZN.L) shares following an article stating boss Pascal Soriot may soon resign. The company has played down the report, and its stock has recovered, but the episode highlights its uncertain position were 64-year-old Soriot to leave. Without a clear succession plan, investors should prepare for further swings. Small wonder investors and analysts wonder whether AstraZeneca will be able to find a successor capable of replicating his success.

Persons: Pascal Soriot, AstraZeneca’s, Ivan Menezes, Debra Crew, Soriot, Susan Galbraith, David Fredrickson, Luke Miels, Soriot’s, Neil Unmack, Streisand Neto Organizations: Reuters, Pfizer, pharma, Novartis, Sanofi, GSK, AstraZeneca, Diageo, Thomson Locations: AstraZeneca’s, Swedish

☆ Sen. Tommy Tuberville is worth at least $4.5 million, according to his financial disclosures
▼ + stars: | 2023-09-02 | by ( Madison Hall | ) www.businessinsider.com time to read: +5 min

After a 36-year college football coaching career, Sen. Tommy Tuberville joined the Senate in 2021. According to his latest financial disclosure, his wealth is estimated to be at least $4.5 million. AdvertisementAdvertisementAccording to a recent Washington Post report, Tuberville has sold his land in Alabama for close to $1.1 million and the condo for $850,000. When asked about his reported investments, Tuberville's press secretary told Insider that he has financial advisors do his day-to-day trading for him. While it's not listed on his financial disclosure, Tuberville earns $174,000 each year from the government as a current US Senator.

Persons: Sen, Tommy Tuberville, Tommy Tuberville's, he's, Suzanne, Tuberville, Johnson, it's, trouncing, Jeff Sessions, Doug Jones, Tuberville's Organizations: Senate, Service, United States Steel Corporation, Apple, Agriculture, Nutrition, Pfizer, Johnson, Alabama —, University of Miami, Warner Bros, American Express, GOP, Senate Armed Services Committee, Pentagon Locations: Wall, Silicon, Dadeville , Alabama, Florida, Washington, Alabama, Forestry

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