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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
But J&J's drug is walking away with a notable edge over its rival. They add more options to a growing arsenal of treatments that have helped improve outcomes for people with multiple myeloma. But the new approvals also give J&J's therapy, which was developed with Legend Biotech, a clear advantage over Bristol Myers's drug. J&J's drug has gradually gained ground over Abecma in the CAR-T market for multiple myeloma, even though it first entered the market a year later. With the new approval on Friday, Jefferies' Shi expects J&J's drug to win the majority of that market share.
Persons: Jonathan Raa, Johnson, Myers's, Bristol Myers, Jefferies, Kelly Shi, Shi, Carvykti, Cantor Fitzgerald, Rick Bienkowski, Kelsey Goodwin, Annika, annikakim.constantino@nbcuni.com Organizations: Nurphoto, Bristol Myers Squibb, Johnson, Food and Drug Administration, FDA, Legend Biotech, Bristol, New York Stock Exchange, NYSE, Reuters, Mount Sinai Hospital, Getty Locations: Bristol, U.S, EU, Japan, Mount Sinai, New York City
Seven years ago, Dawn Myers saw Lori Greiner invest in a woman-owned hair company on ABC's "Shark Tank." She felt inspired, and started her own hair company catering to curls and coils. Today, Myers is the founder and CEO of Washington D.C.-based The Most, a parent company for brands Richualist and The Most Curls. Myers, a lawyer by training, said her lack of beauty, tech and engineering experience made it hard to attract investors. She ultimately raised $1.1 million in venture capital while undergoing surgeries and chemotherapy treatments, a Richualist spokesperson tells CNBC Make It.
Persons: Dawn Myers, Lori Greiner, Myers Organizations: Washington D.C, The, CNBC
Economists polled by FactSet anticipate the March consumer price index will show prices rising by 0.3% on a monthly basis, less than February's 0.4% advance. Similarly, the March producer price index is expected to show an increase of 0.5%, according to FactSet consensus estimates. Monday April 8 Tuesday April 9 6 a.m. NFIB Small Business Index (March) Wednesday April 10 8:30 a.m. Consumer Price Index (CPI) (March) 8:30 a.m. Initial Claims (04/06) 8:30 a.m. Producer Price Index PPI Earnings: CarMax Friday April 12 8:30 a.m. Import Price Index (March) 10 a.m. Michigan Sentiment preliminary (April) Earnings: State Street , Wells Fargo , JPMorgan Chase , Progressive , Citigroup
Persons: Stocks, we're, Ross Mayfield, Baird, Mayfield, FactSet, David Einhorn, CNBC's Scott Wapner, he's, Michelle Bowman, Bank's Tom Hainlin, Hainlin, Jamie Myers, JPMorgan Chase Organizations: Federal Reserve, Investors, Treasury Bond, Dow Jones, Nasdaq, . West Texas, Treasury, Fed, Investment Group, Investors Intelligence, American Association of, Walmart, Citigroup, JPMorgan, Index, Treasury Budget NSA, Air Lines, Price Index, Progressive Locations: U.S, Wells Fargo, Michigan
Opinion | Amid Tragedy, Anguished Pleas for Gaza
  + stars: | 2024-04-04 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “Just Let People Eat,” by José Andrés, a chef and the founder of World Central Kitchen (Opinion guest essay, April 4):What a humane, heartfelt and balanced essay by Mr. Andrés after the tragic death of seven World Central Kitchen aid workers in Gaza. Now if only the Israeli people will hear his plea and require the government to open more humanitarian aid routes into Gaza. He beautifully points out the commonality across religions and cultures of our need for food. To the Editor:Re “Is Biden Willing to Use America’s Leverage With Israel?,” by David E. Sanger and Peter Baker (news analysis, April 4):President Biden is “outraged and heartbroken” over the deaths of the seven aid workers in Gaza. David Cameron, the British foreign secretary, says Israel must “make major changes to ensure the safety of aid workers.”
Persons: José Andrés, Mr, Andrés, James Berkman Boston, Elena Reyes Fort, Biden, David E, Sanger, Peter Baker, , , David Cameron Organizations: World, Kitchen, Israel Locations: Gaza, Elena Reyes Fort Myers, Fla, British, Israel
China, Russia and Trump
  + stars: | 2024-04-02 | by ( David Leonhardt | ) www.nytimes.com   time to read: +2 min
America’s biggest adversaries evidently want Donald Trump to win the 2024 presidential election. Some of the Chinese accounts impersonate fervent Trump fans, including one on X that purported to be “a father, husband and son” who was “MAGA all the way! !” The accounts mocked Mr. Biden’s age and shared fake images of him in a prison jumpsuit, or claimed that Mr. Biden was a Satanist pedophile while promoting Mr. Trump’s “Make America Great Again” slogan. In today’s newsletter, I’ll explain what China and Russia hope to gain from a second Trump term. Trump has suggested that he will end this support.
Persons: Donald Trump, Vladimir Putin’s, Trump, Tiffany Hsu, Steven Lee Myers, Donald J, Biden, Biden …, , “ MAGA, Mr, Trump’s, Putin Organizations: Trump Locations: Beijing, China, Russia, Ukraine
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMAI Capital's Grisanti offers 3 buys and a bail: Bristol Myers Squibb, Verizon, Hershey & BoeingChris Grisanti, MAI Capital Management chief equity strategist, joins 'The Exchange' to discuss how to trade Bristol Myers Squibb, Verizon, Hershey, and Boeing.
Persons: Boeing Chris Grisanti Organizations: MAI, Grisanti, Bristol Myers Squibb, Verizon, Hershey, Boeing, MAI Capital Management
Covert Chinese accounts are masquerading online as American supporters of former President Donald J. Trump, promoting conspiracy theories, stoking domestic divisions and attacking President Biden ahead of the election in November, according to researchers and government officials. The accounts signal a potential tactical shift in how Beijing aims to influence American politics, with more of a willingness to target specific candidates and parties, including Mr. Biden. In an echo of Russia’s influence campaign before the 2016 election, China appears to be trying to harness partisan divisions to undermine the Biden administration’s policies, despite recent efforts by the two countries to lower the temperature in their relations. Some of the Chinese accounts impersonate fervent Trump fans, including one on X that purported to be “a father, husband and son” who was “MAGA all the way! !” The accounts mocked Mr. Biden’s age and shared fake images of him in a prison jumpsuit, or claimed that Mr. Biden was a Satanist pedophile while promoting Mr. Trump’s “Make America Great Again” slogan.
Persons: Donald J, Biden, Trump, , “ MAGA, Mr, Trump’s Organizations: Trump, Biden Locations: Beijing, China
Even before the deadly toll of the attack on a Moscow concert hall on Friday became clear, officials in Russia linked it to the war against Ukraine and a broader conflict with the West. Ninety minutes after first reports of the attack, Dmitri A. Medvedev, the former president and the deputy chairman of the Kremlin’s security council, darkly hinted at “terrorists of the Kyiv regime.”The claim of responsibility by the Islamic State did little to temper the Kremlin’s narrative, which has unspooled in a torrent of unsupported accusations and baseless, even fanciful conspiracy theories spread across social media. When President Vladimir V. Putin said “radical Islamists” had carried out the attack, he called it “just an element in a series of attempts of those who have been at war with our country since 2014,” an explicit reference to Ukraine and the upheaval that year that led to the illegal annexation of Crimea. “They need a ‘Big Lie,’” said Nina Khrushcheva, a professor of international affairs at the New School in New York, who has written extensively on Russian politics and propaganda.
Persons: Dmitri A, Medvedev, Vladimir V, Putin, , , ’ ”, Nina Khrushcheva Organizations: Ukraine, West, New School Locations: Moscow, Russia, Kyiv, Ukraine, Crimea, , New York
From Russia, Elaborate Tales of Fake Journalists
  + stars: | 2024-03-18 | by ( Steven Lee Myers | ) www.nytimes.com   time to read: +1 min
A young man calling himself Mohamed al-Alawi appeared in a YouTube video in August. Still, his story caromed through social media and news outlets from Egypt to Nigeria and ultimately to Russia — which, according to researchers, is where the story all began. Four months later, two new videos appeared on YouTube. They said Mohamed al-Alawi had been beaten to death in Hurghada, a town about 20 miles south of El Gouna. The suspected killers, according to the videos: Ukraine’s secret service agents.
Persons: Mohamed al, Alawi, Angelina Jolie’s, Still Organizations: YouTube Locations: Egypt, Angelina, El Gouna, Ukraine, Nigeria, Russia, Hurghada, El
Social media companies suspended Donald J. Trump, then the president, and many of his allies from the platforms they had used to spread misinformation about his defeat and whip up the attempt to overturn it. The Biden administration, Democrats in Congress and even some Republicans sought to do more to hold the companies accountable. Mr. Trump and his allies embarked instead on a counteroffensive, a coordinated effort to block what they viewed as a dangerous effort to censor conservatives. Waged in the courts, in Congress and in the seething precincts of the internet, that effort has eviscerated attempts to shield elections from disinformation in the social media era. It tapped into — and then, critics say, twisted — the fierce debate over free speech and the government’s role in policing content.
Persons: Donald J, Trump, Biden Organizations: Social Locations: Jan, Washington, Congress
Sydell L. Miller, a self-made beauty mogul who went from the stay-at-home wife of a Cleveland salon owner to a Palm Beach mansion so immense that it was said to take an hour to walk through all of its rooms, died on Feb. 25 at her home in Cleveland. Her daughter Stacie Halpern confirmed the death. Ms. Miller had various health issues, including serious heart problems dating to the early 1990s; Ms. Halpern said that a combination of factors had recently caused her mother’s health to decline. Ms. Miller and her husband, Arnold Miller, created two dominant brands: Ardell, the industry standard for abundant and shapely false eyelashes, and Matrix Essentials, which has often been described as the nation’s largest manufacturer of salon products and was the primary source of Ms. Miller’s fortune. In 1994, two years after her husband’s death, Bristol Myers Squibb bought Matrix from Ms. Miller for $400 million.
Persons: Miller, Stacie Halpern, Halpern, Arnold Miller Organizations: Bristol Myers Squibb Locations: Cleveland
Let's analyze how to trade a drug stock that's made a terrific comeback and could have more upside from here. But there's a catch: The price of call options have become too expensive given the rally, so we need to think of lower-cost trade to bet on upside from here. Now that it's traded off those lows and started to outperform the markets, I have a follow-up trade. The trade Options on BMY currently are very expensive, so buying calls are out of the question. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: that's, BMY, it's Organizations: Myers Squibb, underperformance, pharma, Bristol Myers Locations: Bristol
Ron DeSantis that gave the tribe exclusive rights to run sports wagers as well as casino gambling on its reservations. The companies sued Deb Haaland, secretary of the U.S. Department of Interior, which oversees tribal gambling. State economic forecasters predict the revenue sharing from tribal gaming could total $4.4 billion through the end of this decade. The pari-mutuel firms also sued DeSantis and leaders of the Florida Legislature, which authorized the compact, in a case pending before the Florida Supreme Court. The tribe argued the legislature has the authority to decide where online gambling is initiated and the amendment doesn't change that.
Persons: Ron DeSantis, Deb Haaland, DeSantis, Seminole Tribe, Daniel Wallach, Jason Molina, ” Molina, “ It’s, ___ Daniel Kozin, Mike Schneider Organizations: Seminole, Supreme, West Flagler Associates, Fort Myers Corporation, U.S . Department of Interior, U.S, Florida Constitution, Florida Legislature, Florida Supreme, Casinos, DeSantis, Seminole Tribe, State Locations: ORLANDO, Fla, Florida, U.S, Bonita, South Florida, Miami, Hollywood , Florida
How, when and where you can watch the 2024 Oscars
  + stars: | 2024-03-09 | by ( Tom Page | ) edition.cnn.com   time to read: +6 min
Yes, it’s Oscars weekend. Comparisons are already being made to 1998 and 2004, when “Titanic” and “The Return of the King” steamrolled their respective competition on their way to a record 11 Oscars each. Emily Blunt (as Kitty Oppenheimer) with writer, director, and producer Christopher Nolan and Cillian Murphy (as J. Robert Oppenheimer) on the set of "Oppenheimer." The host and presentersJimmy Kimmel on stage at the Oscars in 2023. Gladstone and Stone split the Golden Globes, Stone won the BAFTA and Glastone won the SAG award, leaving this contest finely poised.
Persons: CNN —, “ Oppenheimer, , Christopher Nolan’s, Emily Blunt, Kitty Oppenheimer, Christopher Nolan, Cillian Murphy, Robert Oppenheimer, Oppenheimer, Melinda Sue Gordon, We’ll, “ Oppenheimer ”, Jimmy Kimmel, Kevin Winter, Steven Spielberg, Sally Field, Jennifer Lawrence, Dwayne Johnson, Rita Moreno, Al Pacino, Zendaya, Michelle Pfeiffer, Ryan Gosling, Margot Robbie, Greta Gerwig, Barbie, Jaap Buitendijk, “ Barbie, I’m, Ken ”, Billie Eilish, Jon Batiste, Becky G, Scott George, Emma Stone, Nolan, Oscar, Da’Vine Joy Randolph, Alexander Payne’s “, Robert Downey Jr, Lewis Stauss, Jonathan Glazer’s, Justine Triet’s Palme, Anatomy’s, Sandra Hüller, Lily Gladstone, Gladstone, Stone, Glastone, JaNae Collins, Cara Jade Myers, Jillian Dion, It’d, Martin Scorsese, Miyazaki, ” Steven Spielberg Organizations: CNN, Hollywood, Universal, ABC, Hulu Live, Warner Bros . Pictures, Osage, Searchlight Pictures, Globes, BAFTA, SAG, Apple, Sony Locations: , Poland, France
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEVs are eventually the way of the future, says MAI Capital's Chris GrisantiChris Grisanti, MAI Capital Management chief equity strategist, joins 'The Exchange' to discuss how to trade Hersehy, Pfizer, Bristol Myers, Albemarle, and homebuilders.
Persons: Chris Grisanti Chris Grisanti, Bristol Organizations: MAI Capital Management, Pfizer Locations: Bristol Myers, Albemarle
Tech firms and Silicon Valley billionaires have been pouring money into nuclear energy for years, pitching the sustainable power source as crucial to the green transition. While generative AI has grown at lightning speed, nuclear power projects are heavily regulated and usually advance at a plodding pace. That's raising questions about whether advances in nuclear energy can cut emissions as swiftly as energy-guzzling AI and other fast-growing technologies are adding to them. The nuclear power industry hasn't meaningfully expanded its share of the U.S. energy mix for decades. By one estimate, up to 800 gigawatts of new nuclear power will be needed by 2050 to meet current green energy targets.
Persons: Sarah Myers West, Myers, Sam Altman, OpenAI, Altman, Jacob DeWitte, Oklo, hadn't, You've, DeWitte, Oklo's Organizations: Silicon, CNBC, Helion Energy, Microsoft, federal Nuclear Regulatory Commission, Air Force, NRC, Idaho National Laboratory, Energy Department, Pew Research Locations: Idaho, Ohio, United States, Alaska, U.S, Ukraine, Fukushima, Japan
HOUSTON (AP) — A United flight from Houston to Fort Myers, Texas, was forced turn around Monday after one of the plane’s engines caught fire. The plane landed back at Bush Airport at 7:13 p.m., just 33 minutes after takeoff. The plane with engine trouble is scheduled to depart Bush Airport for Orlando at 7:20 a.m. Thursday. “United flight 1118 returned to Houston shortly after takeoff due to an engine issue. We arranged for a new aircraft to take our customers to their destination, which departed for Fort Myers later that evening,” the airline said in a statement.
Persons: , , David Gruninger, ” Gruninger, KTRK, Fort Myers Organizations: HOUSTON, Boeing, George Bush, Airport, Bush Airport, ” United, Bush, Orlando, Fort Locations: Houston, Fort Myers , Texas, Florida, Mexico, Fort
Angela Sue Lucas booked a two-day getaway for her 40th birthday in July 2020 at Club DLuxx, an Airbnb run by Dennis Peter Weisse in North Fort Myers, Fla. Or, so she thought. “I refused her reservation,” said Mr. Weisse, 70, who was nicknamed DLuxx by a high school buddy. “I have other guests staying at Club DLuxx and it wouldn’t be fair.” The house is Mr. Weisse’s home, out of which he rents two rooms. The next day, Ms. Lucas, 43, who goes by Angie, set him straight. “I was excited about my birthday staycation,” replied Ms. Lucas, who was looking for a quiet solo escape in early pandemic times.
Persons: Angela Sue Lucas, Dennis Peter Weisse, , , Weisse, DLuxx, Weisse’s, Lucas, Angie Organizations: DLuxx, Lehigh Locations: North Fort Myers, Fla, Lehigh Acres,
A federal judge on Friday rejected AstraZeneca 's legal challenge to Medicare's new power to negotiate the prices of certain costly prescription drugs with manufacturers. The decision is another win for the Biden administration in a bitter legal fight with the pharmaceutical industry over the constitutionality of those price talks. The opportunity to sell drugs to more than 49 million Medicare and Medicaid beneficiaries is a "powerful incentive" for manufacturers to participate in the price talks with the government, Connolly wrote. The ruling comes a month after a federal judge in Texas tossed a separate lawsuit challenging the price talks. On March 7, Bristol Myers Squibb, Novo Nordisk, Novartis and Johnson & Johnson will present their oral arguments to a federal judge in New Jersey in the same hearing.
Persons: AstraZeneca, Biden, AstraZeneca's, Colm Connolly, Connolly, Johnson Organizations: U.S . Department of Health, Human Services, Washington , D.C, Manufacturers, Supreme, District, AstraZeneca, Chamber of Commerce, Bristol Myers Squibb, Novo Nordisk, Novartis, Johnson, CNBC PRO Locations: Washington ,, Delaware, Texas, Ohio, New Jersey
With Richard Lewis, Kvetching Was Charismatic
  + stars: | 2024-02-29 | by ( Jason Zinoman | ) www.nytimes.com   time to read: +2 min
There were broadcasters (Howard Cosell) and the occasional talk show host (Joan Rivers), but no Jews leading a cast on prime time. Then in the final year of the decade, that changed, and a glut of anxious men arrived, kvetching, quipping and dating shiksas. For those who know him as the cranky friend of Larry David on “Curb Your Enthusiasm,” it may be a surprise that Richard Lewis, who died at 76 this week, cut a seductive figure: clever, cool, darkly morose. (Second place: “Family Ties.”) But Lewis brought a nervy energy that pushed against the saccharine instincts of network sitcoms. He once told David Letterman, “The woman I’m with now insisted on having intercourse only with a raven on her shoulder.”
Persons: Howard Cosell, Joan Rivers, Jackie Mason, Jerry Seinfeld, Rob Morrow, Richard Lewis, , Jamie Lee Curtis, Michael Myers, Lewis bellyached, Larry David, Seinfeld, Lewis, David Letterman, Locations: Alaska, Chicago
Different police and fire departments across Texas have mobilized units to help crews battle Smokehouse Creek Fire. Flower Mound Fire DepartmentThe ongoing wildfires have been largely driven by high winds and dry air. And high wind warnings and red flag warnings remain in effect in the region until 8 p.m. local time. "The Texas A&M Forest Service reports that several large wildfires ignited yesterday under warm, dry, and windy conditions across the Texas Panhandle," Texas Gov. A cold front that's pushing through the area Tuesday evening will bring cooler air and shift winds.
Persons: Greg Abbott, Chad Myers Organizations: Texas, M Forest Service, Texas Panhandle, CNN Locations: Texas, South Plains, Texoma, East Texas
If a parent is a homeowner, they are more likely to assist with their kid's down payment, she said. But it's harder for those with parents who are not homeowners: "Renter households are often precluded from bringing more people into their home. Having homeowner parents is 'like a 5 percentage point bonus'Young adults with homeowner parents are more likely to become homeowners themselves because they can obtain more information about the mortgage application process directly from their parents, the Urban Institute found. "Because the parents are so knowledgeable about homeownership, they're more likely to encourage their kids to do it and show them how to do it," Myers said. "It's like a 5 percentage point bonus by having parents who are homeowners."
Persons: Skylar Olsen, Myers, that's, Zers, Intuit Credit Karma, Wachter Organizations: Digitalvision, Getty, National Association of Realtors, Urban Institute, Intuit Credit Locations: Washington ,
In a survey, about half of Gen Zers said AI and social media gave better career advice than a boss. Bosses shouldn't rely on tech to give career advice to their teams, a business professor told BI. Almost half of GenZers said in a recent survey that chatbots and social media offered better career advice than their managers. In the survey, 62% of Gen Z workers said they'd like to talk more about their career path but that their boss was often too busy. "People could kind of say, 'Well, I get better skill-building from a YouTube tutorial than from my manager,'" Myers said.
Persons: Gen Zers, , it's, Gen, GenZers, inspo, Christopher G, Myers, they'd, Daniel Jolles Organizations: Service, an Academy of Management, Johns Hopkins University, London School of Economics, Political
Called “Moon Phases,” they show 62 phases of the moon as seen from Earth, 62 phases visible from other viewpoints in space, and one lunar eclipse. Pace Verso, the NFT wing of Pace, is also offering NFTs of each sculpture, while Koons has produced larger, coinciding physical sculptures of his “Moon Phases” to remain on Earth. Koons' "Moon Phases" is visible on the lander's exterior. Intuitive Machines/APThough its arrival marks a milestone, “Moon Phases” is not the only art to touch down on the moon’s surface. But Odie has closed the chapter on a more niche space race — between Koons and the Dubai-based artist Sacha Jafri.
Persons: Odysseus, Jeff Koons, Odie, Koons, Aristotle, David Bowie, Leonardo da Vinci, Gandhi, Billie Holiday, Gabriel García Márquez, Andy Warhol, Virginia Woolf, Koons “, Pace Verso, Paul Van Hoeydonck, It’s, — Andy Warhol, Robert Rauschenberg, John Chamberlain, Claes Oldenburg, Forrest Myers, David Novros —, Sacha Jafri, Jafri, , Peregrine Organizations: CNN, SpaceX, Peregrine, Pace, Machines, Apollo Locations: American, Houston, Belgian, India, Japan, Dubai
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