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Republican Nick LaLota defeated Democrat Bridget Fleming in New York's 1st Congressional District. The 1st District is located in the North Shore of Long Island. Republican Nick LaLota defeated Democrat Bridget Fleming in New York's 1st Congressional District in a race to fill the seat being vacated by four-term Republican incumbent Lee Zeldin, who ran for governor, losing to New York Gov. 2022 General EmbedsNew York's 1st Congressional District candidatesLaLota is the chief of staff to the Suffolk County Legislature. Voting history for New York's 1st Congressional DistrictNew York's 1st Congressional District covers the North Shore of Suffolk County along with the Hamptons.

Nov 9 (Reuters) - Eli Lilly & Co must pay Teva Pharmaceuticals International GmbH $176.5 million after a trial to determine whether its migraine drug Emgality infringed three Teva patents, a Boston federal court jury decided on Wednesday. The jury agreed with Teva that Lilly's Emgality violated its rights in the patents, which relate to its own migraine drug Ajovy. Teva sued Lilly over the patents in 2018. The same day Teva sued, the court dismissed two related Teva lawsuits seeking to block Emgality from coming onto the U.S. market. Teva also filed a separate, ongoing patent lawsuit against Lilly in Massachusetts over Emgality last year.

☆ How Tuesday's election will impact the stock market — Watch the 'Republican portfolio' names
▼ + stars: | 2022-11-08 | by ( Patti Domm | In | ) www.cnbc.com time to read: +9 min

There will be things about gridlock the market doesn't like," said Ed Mills, Washington policy analyst at Raymond James. Meanwhile, under a Republican president, the stock market on average gains 4.9% when Democrats control Congress, and the market gains 7.3% with a split Congress. Strategas Research says the stock market is signaling that Republicans may sweep the election . There are clear stock market winners from a Republican victory, at least in the House. Laperriere, in a note, wrote that tech, small cap and financial firms are most vulnerable to higher taxes and tougher regulations, and they could benefit from a Republican Congress.

☆ Democratic incumbent Sen. Alex Padilla faces off against Republican Mark Meuser in California's US Senate election
▼ + stars: | 2022-11-08 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Explore more race results below. Democratic Sen. Alex Padilla is running against Republican Mark Meuser to represent California in the US Senate. CA-13CA-22CA-27CA-41CA-45CA-09CA-47CA-49 HouseDemocratic incumbent Sen. Alex Padilla faces off against Republican Mark Meuser in California to represent the state in the US Senate. California's Senate race candidatesPadilla became California's first Latino US senator when Newsom appointed him to fill Harris' seat in 2021. The Huntington Beach Republican unsuccessfully ran for state Senate in 2012 and in 2018 was defeated by Padilla in the secretary of state election.

☆ Sydnee Smirl McElroy takes on Rep. Matthew Rohrbach in West Virginia's 26th House District
▼ + stars: | 2022-11-08 | by ( Walt Hickey | ) www.businessinsider.com time to read: +2 min

The 26th district has changed considerably after the 2020 redistricting cycle. GOP Rep. Matthew Rohrbach and Dr. Sydnee McElroy, a physician and podcaster, are vying for the seat. Polls close in West Virginia at 8:30 p.m. Eastern Standard Time. The 26th district is currently represented by Rep. Ed Evans, a Democrat, but following the 2020 redistricting cycle its border have changed considerably and Evans is now running in the 36th District. Rohrbach, who has served in the House since 2015, is facing a challenge from Dr. Sydnee McElroy, a physician and podcaster.

☆ U.S. CFOs Ask Congress to Repeal Change to R&D Tax Rules
▼ + stars: | 2022-11-07 | by ( Jennifer Williams-Alvarez | In A Letter Finance Chiefs On The Change To R D Deductibility Tax Rules. | ) www.wsj.com time to read: +8 min

For decades, businesses were allowed to deduct certain R&D expenses straight away to reduce their taxable income. Tax deductions are subtractions from taxable income while tax credits get subtracted from the amount of tax owed. Over the course of this year, companies have been making estimated tax payments that incorporate the R&D change, tax attorneys said. On the agenda: Agreeing on funding the government to avoid a shutdown, aid for Ukraine, alongside potential changes to the treatment of R&D expenses. When it comes to a potential repeal or deferral related to R&D deductibility, timing is crucial, said Shelby Ford, a tax partner at Crowe LLP, a public accounting, consulting and technology firm.

☆ Teva to pay $523 mln to New York as it looks to move past opioid lawsuits
▼ + stars: | 2022-11-03 | by ( Steven Scheer | ) www.reuters.com time to read: +4 min

JERUSALEM, Nov 3 (Reuters) - Teva Pharmaceutical Industries Ltd (TEVA.TA) will pay up to $523 million to New York State as part of a nationwide settlement of lawsuits alleging the company helped fuel the U.S. opioid epidemic. The settlement with New York adds an additional $300 million to Teva's total opioid payouts. James said the Teva settlement concludes the state's litigation against opioid manufacturers and distributors. Citing "continued foreign exchange headwinds", Teva lowered its 2022 revenue estimate to between $14.8 billion and $15.4 billion from a previously forecast $15 billion to $15.6 billion. Teva expects its two branded drugs, Ajovy to treat migraines and Huntington's disease drug Austedo, to reach a combined $1.4 billion in revenue this year.

☆ Nationwide catalytic converter theft ring made hundreds of millions of dollars, feds say
▼ + stars: | 2022-11-02 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Jonathan_Dienst_Byline.Jpg | Jonathan Dienst | ) www.nbcnews.com time to read: +3 min

“Amidst a rise in catalytic converter thefts across the country, the Justice Department has today carried out an operation arresting 21 defendants and executing 32 search warrants in a nation-wide takedown of a multimillion-dollar catalytic converter theft network,” Attorney General Merrick Garland said in a statement. Thieves made off with 12 times as many catalytic converters in 2021 as they did in 2019, according to the National Insurance Crime Bureau. On his Instagram account, he posted a photo of a necklace with a pendant made to look like a catalytic converter. Prosecutors say that was among the businesses allegedly purchasing stolen catalytic converters and reselling them. Technician Adelmo Rodriguez etches a catalytic converter with a license plate number in Huntington Beach, Calif, in 2021.

☆ Republican Nick LaLota faces off against Democratic state Rep. Bridget Fleming in New York's 1st Congressional District election
▼ + stars: | 2022-11-02 | by ( Hanna Kang | ) www.businessinsider.com time to read: +3 min

Republican Nick LaLota is running against Democrat Bridget Fleming in New York's 1st Congressional District. The 1st District is located in the North Shore of Long Island. New York's 1st Congressional District candidatesLaLota is the chief of staff to the Suffolk County Legislature. Voting history for New York's 1st Congressional DistrictNew York's 1st Congressional District covers the North Shore of Suffolk County along with the Hamptons. His opponent, Fleming, has raised more than $2.4 million, spent $2.2 million, and has about $230,000 cash on hand.

☆ Democratic Rep. Katie Porter faces off against Republican Scott Baugh in California's 47th Congressional District election
▼ + stars: | 2022-11-02 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Rep. Katie Porter is running against Republican Scott Baugh in California's 47th Congressional District. California's 47th Congressional District candidatesPorter is running for her third term in the House and sits on the Committee on Oversight and Government Reform. This is Baugh's third time running for the 47th Congressional District seat. Voting history for California's 47th Congressional DistrictCalifornia's 47th Congressional District is an affluent coastal district that covers a large swath of Orange County. After the district lines were finalized, Porter announced she would switch districts to run in the new 47th District, a coastal district that encompasses her hometown of Irvine.

☆ Rep. Katie Porter, a Democratic star who's charmed fans with her whiteboards in hearings, could lose her California seat next week
▼ + stars: | 2022-11-01 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +2 min

The Cook Political Report switched Rep. Katie Porter's race from "lean Democratic" to a "toss-up." Porter, a Democratic darling, could be in danger of losing her California seat. Porter, a progressive Democrat seeking a third term, has become a breakout star within her party in recent years, attracting widespread support. Porter currently represents the 45th congressional district, a longtime Republican stronghold that she flipped blue in 2018. Porter is competing against Republican Scott Baugh, an attorney who previously served in the California state assembly and chaired the Orange County Republican Party for over a decade.

☆ The fear of missing out can be a killer for investors. Here's how top-ranked financial advisors keep it at bay
▼ + stars: | 2022-10-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Michael H | Digitalvision | Getty ImagesThe fear of missing out, or FOMO, can be a powerful psychological force — and it may lead unwary investors to lose bundles of money, according to financial advisors. Financial advisor Josh Brown uses the term "animal spirits" to describe the concept of investors allowing their emotions to guide them. Problem is: Investors often only hear about the big winners, not the duds, advisors and experts said. Various hype-men and -women and social media communities helped nudge investors to buy in last year. watch nowHow advisors overcome investors' FOMOPlaying off that future regret is how top financial advisors try to dissuade investors from succumbing to FOMO.

☆ Mark Cuban says this is 'one of the worst traits' he's ever seen in a 'Shark Tank' contestant
▼ + stars: | 2022-10-25 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

On Friday's episode of ABC's "Shark Tank," the billionaire investor highlighted one startup founder as an example of the latter category. "One of the great traits of any good entrepreneur is resilience, and you've certainly shown that," Cuban told Amy Leinbach, the founder of children's tool company Big Bee, Little Bee. The Huntington Beach, California-based company is known for the ScrubBee, a handheld silicone scrubber that brought in 80% of Big Bee, Little Bee's sales last year. Leinbach asked the Sharks for $100,000, in exchange for a 20% stake in Big Bee, Little Bee. At the time of taping, she said she had already invested $100,000 of her own money to build "Marker Parker."

☆ Forget Big Banks. It pays to be smaller
▼ + stars: | 2022-10-24 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +5 min

That’s compared to a nearly 20% drop for the Financial Select Sector SPDR, which holds most of the big banks. So can regional banks continue to hold up well even as the Fed is expected to jack up interest rates even further? More big rate hikes are likely to lead to an even bigger jump in mortgage rates, which could put a major dent in the rapidly slowing housing market. Businesses more cautious and inflation not going away yetThat said, there are big risks that Steinour is monitoring. So we’re likely to see higher rates for a longer period of time.”Steinour said that big rate hikes may not feel great for consumers or small businesses.

☆ Walmart doubles down on Africa despite a decade of frustration
▼ + stars: | 2022-10-21 | by ( Nqobile Dludla | ) www.reuters.com time to read: +8 min

A shopper pushes a trolley as she leaves a Builders Warehouse store owned by Walmart-led Massmart Holdings in South Africa, at Gleneagles, in the south of Johannesburg, South Africa, October 20, 2022. Instead, Massmart's units outside South Africa struggled with foreign exchange risk, tricky regulatory environments and macroeconomic volatility. Earlier this year, an internal Amazon.com Inc (AMZN.O) memo detailing its expansion plans, including a maiden foray onto the continent via South Africa, leaked to media. The pending battle with its global rival looms over Walmart's e-commerce strategy for Massmart, several shareholders told Reuters. While Walmart can now firmly set the direction at its South African unit, its track record outside the United States is spotty.

☆ Huntington Bancshares beat earnings expectations on high net interest income
▼ + stars: | 2022-10-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHuntington Bancshares beat earnings expectations on high net interest incomeSteve Steinour, Huntington Bancshares chairman, president and CEO, joins 'Power Lunch' to discuss how the bank is navigating the interest rate environment, what Steinour attributes the bank's loan growth to and more.

☆ Top investors say it's foolish to ignore the value in tech stocks right now. What to buy and when
▼ + stars: | 2022-10-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +25 min

Schatz of Heritage Capital looks for what he calls "high-flier" or "second-tier" technology stocks severely battered this year but pushing higher. Playing defense When looking outside of big tech, investors may also want to consider looking out for more defense-focused names. His picks include IBM, which trades at just 14 times forward earnings and offers a sticky revenue base. Schatz of Heritage Capital looks for what he calls "high-flier" or "second-tier" technology stocks severely battered this year but pushing higher. His picks include IBM, which trades at just 14 times forward earnings and offers a sticky revenue base.

☆ Stocks making the biggest moves midday: Snap, American Express, Verizon, Twitter and more
▼ + stars: | 2022-10-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Snap — Shares of the Snapchat parent company cratered 30% after missing revenue estimates and sharing its slowest sales growth since going public as advertising spending slows. The results from Snap hit other ad-reliant stocks, sending shares of Pinterest and Meta Platforms down about 7.7% and 2.6%, respectively. Twitter — The social media stock sank more than 4% Friday amid a slew of media reports surrounding Twitter and Elon Musk. American Express – Shares of American Express fell about 3.5% even after the bank reported quarterly earnings and revenue that beat analysts' expectations. Huntington Bancshares — Shares gained 8% after the bank operator topped earnings estimates for the third quarter and upped its net interest income outlook for 2022.

☆ Morning Bid: Tbond tension snaps sentiment
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +5 min

China's onshore yuan fell to another 14-year low despite major state-owned banks selling dollars on Friday. read more read moreThe economic backdrop darkened. read moreAfter Tesla's disappointment earlier in the week, the U.S. earnings season took another negative twist from the digital sector overnight. read moreIn banking, shares Credit Suisse slid again ahead of next week's big announcement on its restructuring plans. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Ralph Lauren Goes West
▼ + stars: | 2022-10-15 | by ( Rory Satran | ) www.wsj.com time to read: 1 min

‘Los Angeles is a unique place,’ said Ralph Lauren of his first show on the West Coast. ‘Like any place, you bring something to it, and you build something even better.’Ralph Lauren, at 83 one of the world’s most successful fashion designers, still has dreams to conquer. His latest one? California or bust. For Mr. Lauren’s first show on the West Coast, he hosted friends, clients, celebrities and editors at the palatial Huntington estate in San Marino, Calif. More than half a century after starting his company, Mr. Lauren is still selling “the dream of a better life,” as he puts it.

☆ October's wild trading could give way to a new stock rally, as earnings roll out in the week ahead
▼ + stars: | 2022-10-14 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

But Emanuel sees the chance for a 17% to 20% rally in the S & P 500. The S & P 500 was down about 0.9% for the week, as of Friday afternoon, and it was hovering just above 3,600. S & P 500 earnings are expected to grow by 3.6% for the third quarter, based on actual reports and estimates, according to Refinitiv. Without the boost from more than doubling profits from energy companies, S & P earnings would decline by 3.1%. Week ahead calendar Monday Earnings: Bank of America , Bank of NY Mellon, Charles Schwab 8:30 a.m.

☆ Holiday bargains will dent retail profits. How investors can avoid taking a beating
▼ + stars: | 2022-10-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +11 min

Stifel's research found that consumers plan to spend 9% more this holiday season over 2021. Roughly three-quarters of respondents to a PwC holiday poll indicated they plan to spend the same or more this holiday season. Rather than marking down inventory, companies should hold on to it for the next year if their balance sheets can withstand it, said Siegel. Across the board, many flagship retail stores heavily focused on apparel and footwear like Kohl's and Macy's may struggle to lure customers intent on saving money on discretionary purchases. He points to names heavily focused on electronics and home goods purchased by consumers during the pandemic as one of the weaker areas this holiday season.

☆ Here's your ultimate all-weather stock portfolio to ride out this market volatility
▼ + stars: | 2022-10-05 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

The stock market has whipsawed investors over the past two weeks, making even a sharp two-day rally feel fragile. The list below shows stocks in the broad S & P 1500 index that are less volatile than the market. The names have also risen in 2022 and have a long-term track record of consistent success, outperforming the market on a total return basis over the last decade. Several of the low beta stocks on the list come from traditionally defensive sectors. The consumer staples stock has delivered a total return of roughly 21% over the past decade, well above the market average of 12%.

☆ Return of pet projects in U.S. Congress crowds out funding for others
▼ + stars: | 2022-09-29 | by ( Andy Sullivan | ) www.reuters.com time to read: +7 min

A view shows the city of Glen Ullin, U.S., in this undated photo. Sept 29 (Reuters) - Glen Ullin, North Dakota, was first in line for money to replace its leaky water pipes before Washington cut funding by one-third this spring. The reason: Congress is yet again diverting money to pet projects known as "earmarks. That wasn't an option in North Dakota, whose congressional delegation did not submit any earmark requests this year or last. Glen Ullin probably won't qualify for infrastructure dollars because those are distributed using different criteria, officials say.

The bottom line: You may like First National Bank if you live in Michigan and want to use a local bank. How First National Bank of America bank accounts compare First National Bank of America Statement Savings AccountFirst National Bank of America Personal Checking AccountFirst National Bank of America Certificate of DepositFirst National Bank of America HomeTowne Checking Money Market Account Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. How First National Bank of America worksFirst National Bank of America has branches in Lansing, Grand Rapids, and Traverse City, Michigan. First National Bank of America vs. Huntington BankIf you're looking for a competitive interest rate on a CD, First National Bank of America is likely a better fit. First National Bank of America vs. ChaseIf you're looking for a competitive interest rate on a CD, First National Bank of America is likely more suitable than Chase.

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