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☆ After a steep fall, used car prices poised to rise again
▼ + stars: | 2023-02-18 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

That shortage of new car inventory helped drive both new and use car prices to record levels earlier last year. The disruptions to the new car market at that time are about to be felt by today’s used car market. “And that’s going to impact wholesale prices and ultimately, retail prices.”It’s tough to know how long the rise in used car prices will last. The drop in used car prices has been a major factor in the slowing of inflation, but a sustained rise in used car prices could make it more difficult for the Fed to pull back on rate hikes. And prices would have risen 6.9% over the same 12 month period if used car prices had posted such a steep decline and instead just stayed unchanged.

☆ Senators call on Medicare to offer broad coverage of Alzheimer's treatments as public pressure grows
▼ + stars: | 2023-02-17 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

U.S. senators on Friday called for Medicare to offer broad coverage of Alzheimer's treatments approved by the Food and Drug Administration, warning that current restrictions cost patients precious time as their disease progresses. The 20 senators told CMS that Alzheimer's will cost the nation $1 trillion by 2050 if the U.S. does not take decisive action. As a consequence, Medicare coverage for the expensive drug is basically nonexistent. The Alzheimer's Association wrote CMS in December calling for the agency to provide unrestricted Medicare coverage for Leqembi. "We believe Medicare beneficiaries should have unimpeded access, broad and simple access to Leqembi because the data fulfill those criteria."

☆ Maker of promising Alzheimer's drug Leqembi expects full FDA approval this summer, expanded Medicare coverage
▼ + stars: | 2023-02-17 | by ( Spencer Kimball | ) www.cnbc.com time to read: +7 min

Early Alzheimer's typically hits people ages 65 and older, causing cognitive impairment and other issues. Medicare beneficiaries who agree to participate in CMS-backed research studies, which are broader than clinical trials, would get coverage if Leqembi receives full approval. Drug rollout will take yearsIf everything goes according to Eisai's expectations, the FDA would grant full approval and CMS would provide unrestricted coverage of Leqembi. In that scenario, Eisai anticipates that about 100,000 diagnosed early Alzheimer's patients will be eligible by year three of the drug's rollout. Private insurers are largely waiting for a CMS coverage decision though some may decide to make their coverage decisions earlier, he said.

☆ Pfizer/BioNTech, Moderna gear up for 2024 London trial over COVID vaccine patents
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Ivan AlvaradoLONDON, Feb 16 (Reuters) - Pfizer Inc (PFE.N) and its German partner BioNTech SE (22UAy.DE) are gearing up for a 2024 trial with Moderna Inc (MRNA.O) at London's High Court in competing patent lawsuits over their rival COVID-19 vaccines. The case reached London's High Court for the first time for a preliminary hearing on Thursday, ahead of a trial which is due to take place in April 2024. Pfizer and BioNTech sued Moderna in London in September, seeking to revoke two of Moderna's patents in relation to its messenger RNA (mRNA) vaccines. Moderna brought its own lawsuit that month over Pfizer and BioNTech’s Comirnaty vaccine, seeking damages for alleged infringement of its patents. Pfizer, BioNTech and Moderna are also engaged in litigation in Germany, the Netherlands and the United States.

☆ Michael B. Jordan premieres 'Creed III', hopes to expand 'Creed-verse'
▼ + stars: | 2023-02-15 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +2 min

[1/5] Director Michael B. Jordan and cast member Tessa Thompson attend the premiere of the film "Creed III" in London, Britain February 15, 2023. REUTERS/Henry NichollsLONDON, Feb 15 (Reuters) - Michael B. Jordan reprises his role as boxer Adonis Creed in new film "Creed III" and the actor-director says he hopes to expand the universe around the character in future. "It was challenging but I never felt more alive," Jordan told Reuters of his directorial debut at the "Creed III" premiere in London on Wednesday. One potential storyline could concern Creed's opponent in "Creed II", Viktor Drago, son of "Rocky IV" character boxer Ivan Drago. Viktor makes an appearance in "Creed III".

☆ Brentford striker Toney racially abused after scoring against Arsenal
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +1 min

[1/5] Soccer Football - Premier League - Arsenal v Brentford - Emirates Stadium, London, Britain - February 11, 2023 Brentford's Ivan Toney celebrates scoring their first goal Action Images via Reuters/Matthew ChildsFeb 13 (Reuters) - Brentford have condemned the "barrage" of racist abuse sent to striker Ivan Toney on social media after he scored the equaliser in Saturday's 1-1 Premier League draw with leaders Arsenal. "Immediately after Brentford's game against Arsenal, Ivan Toney received a barrage of abusive, racist direct messages via his Instagram account," the club said on Sunday. Arsenal said they were working with Brentford to identify those involved. "We stand with Ivan Toney," Arsenal said. Referees' body PGMOL accepted on Sunday it was the wrong call and was one of two "significant errors" over weekend's games.

☆ Analysts see short-term strength, long-term 'generational shift' in copper prices
▼ + stars: | 2023-02-13 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Sheets of copper cathode are pictured at BHP Billiton's Escondida, the world's biggest copper mine, in Antofagasta, northern Chile March 31, 2008. Ivan Alvarado | ReutersAlong with experiencing a short-term supply shortage, copper is set to undergo a "generational shift" in demand as decarbonization ramps up, according to BNY Mellon Lead Portfolio Manager Al Chu. Short-term supply issues have also emerged alongside a rebound in demand, such as an eruption of protests in Peru, which accounts for 10% of the world's copper supply. Every renewable energy pretty much needs copper, because if you're talking about electrifying something and transmitting electricity, you need copper." "When you look at the long-term secular story, you can just see strong demand.

☆ Arteta questions officials for allowing Brentford equaliser
▼ + stars: | 2023-02-12 | by ( ) www.reuters.com time to read: +2 min

LONDON, Feb 12 (Reuters) - Arsenal manager Mikel Arteta questioned a decision by match officials, saying Ivan Toney's equaliser for Brentford in their 1-1 Premier League draw on Saturday should have been ruled out for offside. "I just looked back and it is offside, yes," Arteta told a news conference. "You have to apply certain principles in defending and you do that by sticking to the rules. There was also a suggestion that Norgaard was offside before he made the assist but that did not appear to be proven. Asked about the equaliser, Brentford manager Thomas Frank said: "I agree that when they kick the ball Ethan is in an offside position.

☆ Top Wall Street analysts like these stocks for the long haul
▼ + stars: | 2023-02-12 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Here are five stocks picked by Wall Street's top analysts, according to TipRanks, a service that ranks analysts based on their past performance. Costco recently reported better-than-anticipated net sales growth of 6.9% and comparable sales growth of 5.6% for the four weeks ended Jan. 29. Benedict's convictions can be trusted, given his 55th position out of more than 8,300 analysts in the TipRanks database. Amazon's first-quarter sales growth outlook of 4% to 8% reflects further deceleration compared with the 9% growth in the fourth quarter. Rakesh sees a "modest downside" to Wall Street's consensus expectation for the 2023 revenue growth for Amazon's retail business.

☆ Referees body admit 'human error' in VAR process in Arsenal, Brighton games
▼ + stars: | 2023-02-12 | by ( ) www.reuters.com time to read: +2 min

Feb 12 (Reuters) - Video Assistant Referee (VAR) decisions that went against Arsenal and Brighton & Hove Albion in Saturday's Premier League matches were down to "human error", the Professional Game Match Officials Limited (PGMOL) said on Sunday. Across London, Brighton & Hove Albion saw their quest for European football hit a speed bump at Crystal Palace when they were held to a 1-1 draw but Pervis Estupinan's goal was wrongly chalked off for offside. "PGMOL can confirm its Chief Refereeing Officer Howard Webb has contacted both Arsenal and Brighton & Hove Albion to acknowledge and explain the significant errors in the VAR process in their respective Premier League fixtures on Saturday," it said on Sunday. "Both incidents, which were due to human error and related to the analysis of offside situations, are being thoroughly reviewed by PGMOL." Webb, a former Premier League referee, became the Chief Refereeing Officer at the PGMOL this season.

☆ Leaders Arsenal held at home by Brentford, sorry Spurs thrashed at Leicester
▼ + stars: | 2023-02-11 | by ( Peter Hall | ) www.reuters.com time to read: +5 min

Brighton, who have not lost this year, were held to a 1-1 draw by Crystal Palace. An eight-point advantage in the table beckoned for Mikel Arteta's side but they never looked comfortable against an enterprising Brentford who should have been ahead by halftime. The visitors got their deserved point through Ivan Toney, who pounced in the 72nd minute to head in Christian Norgaard's cross. Only Harry Kane has netted more away goals in the Premier League this season than the Brentford striker. SORRY SPURSWith manager Antonio Conte back in the dugout after missing their win against Manchester City last Sunday following gallbladder surgery, Spurs made a good start at Leicester.

Bored Ape Yacht Club was not the biggest crypto phenomenon, but it was one of the top beneficiaries of celebrity hype. The Bored Apes — a computer-generated collection of 10,000 cartoons — were being presented as a status symbol, membership in an exclusive club. Yuga sued Ripps for trademark infringement, and argues that his maligning of the Yuga apes is nothing more than a profiteering tactic. Hickman, who is Black, thought the Bored Apes looked like stereotypical portrayals of Black people as stupid or lazy. He said he thought this would be obvious to most people the second they saw an image of a Bored Ape.

☆ Chilean wildfires destroy hundreds of homes, endanger world's smallest deer
▼ + stars: | 2023-02-08 | by ( Ivan Alvarado | ) www.reuters.com time to read: +3 min

"We call on everyone who can to take care of the forests which are currently on fire, and also of our animals, specimens of vital importance," said Valentina Aravena, the manager at a wildlife rehabilitation center in Chillan. Late on Wednesday, Interior Minister Carolina Toha said the government would declare a curfew in some provinces starting on Thursday. In the rehabilitation center in Chillan, the capital of the Ñuble region, veterinarians treated burns on animals native to the woodlands, such as monito del monte, a small nocturnal marsupial, and pudus, the world's smallest deer. [1/7] A Pudu, the world's smallest deer, rescued from a wildfire, receives care from vets at a wildlife rehabilitation center of Concepcion University, as wildfires continue in the central-southern zone of Chile, in Chillan, Chile, February 8, 2023. A day earlier, a Chilean minister warned that high temperatures forecast for this week could further complicate the situation.

☆ Toyota unveils new Grand Highlander, expanding hybrid crossover lineup
▼ + stars: | 2023-02-08 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

In this article 7203.T-JP Follow your favorite stocks CREATE FREE ACCOUNT2024 Toyota Grand Highlander ToyotaCHICAGO — Toyota Motor is expanding its segment-leading, three-row crossover lineup with the new 2024 Grand Highlander, including two gas-powered hybrid offerings. The automaker revealed the vehicle as a bigger sibling to the Toyota Highlander midsize SUV/crossover on Wednesday night. The Grand Highlander adds to the growing three-row midsize crossover segment in the U.S., which has expanded from 12 nameplates in 2018 to 16 vehicles for 2023, including the Grand Highlander, Edmunds reports. 2024 Toyota Grand Highlander ToyotaThe Grand Highlander was revealed in connection to this week's Chicago Auto Show. 2024 Toyota Grand Highlander ToyotaToyota says the Grand Highlander will offer a suite of active safety and convenience features as well as 13 cupholders and seven USB-C charge ports across the vehicle's three rows.

☆ Former Israeli prime minister rebuts claim, boosted by Russia, that the US blocked a Ukraine peace agreement: 'It's unsure there was any deal to be made'
▼ + stars: | 2023-02-08 | by ( Charles R. Davis | Talia Lakritz | ) www.businessinsider.com time to read: +7 min

Former Israeli Prime Minister Naftali Bennett discussed his efforts to broker peace between Ukraine and Russia. But Bennett has clarified that no such deal existed — and said talks broke down because of apparent Russian war crimes. "Bombshell: Former Israeli prime minister says that Western leaders blocked #Ukraine & #Russia peace deal," Ivan Katchanovski, a Canadian political science professor, wrote on Twitter. At the time, Zelenskyy himself noted that the Israeli prime minister was "trying to find a way of holding talks," a fact for which "we are grateful." In the interview, Bennett himself notes that it was not the US, France, or Germany that put an end to any peace talks.

☆ Mexico Pacific to sell LNG from Sonora export plant to Exxon Mobil
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +1 min

Feb 7 (Reuters) - Mexico Pacific said on Tuesday that a unit of Exxon Mobil Corp (XOM.N) had agreed to buy liquefied natural gas from the Mexican company's proposed Saguaro Energia LNG export plant in Sonora state. Mexico Pacific also said ExxonMobil has an option for 1 MTPA from Train 3 at the plant. One MTPA of LNG is about the same as 0.13 billion cubic feet per day of natural gas. The proposed three-train Saguaro Energia LNG facility is designed to produce about 14.1 MTPA of LNG from natural gas sourced from the Permian Basin in Texas and New Mexico. "We look forward to working with Mexico Pacific to continue growing ExxonMobil's LNG portfolio and deliver Permian natural gas to global markets," said Peter Clarke, senior vice president of LNG for ExxonMobil Upstream Co.

Buying a Super Bowl can be a big risk because it's a big investment months ahead of the game. Diageo CEO Ivan Menezes said during the company's January earnings call that its brand Crown Royal will run its first Super Bowl ad this year. Anheuser-Busch's move is an indication that the sky-high price of running a Super Bowl ad is getting harder for companies to justify. Bookings typically happen in May, said one ad agency exec who's purchased many Super Bowl ads for clients, including this year. Super Bowl ad slots sold briskly for both Fox this year and NBC last year.

The reaction in the United States to what appears to be an ill-timed spying mission will have lingering consequences for efforts to stabilize ties – already near historic lows. Since then, the Biden administration has said it hopes to build a "floor" for the relationship and ensure that rivalry does not spiral into conflict. The mood in China over the balloon was also glum. "Overall, I do think the Biden administration would like to reschedule, as there are many issues on the table and a real chance for a thaw. But the balloon incident probably means the thaw is postponed indefinitely," said RAND Corporation Indo-Pacific analyst Derek Grossman.

☆ Working 11-hour days backstage on Broadway: 'You have to be a little bit crazy' but 'I love it'
▼ + stars: | 2023-02-03 | by ( Gili Malinsky | ) www.cnbc.com time to read: +5 min

On a Wednesday matinee performance of Broadway's "& Juliet," assistant company manager Annie Schroeder is making the rounds backstage. Schroeder's school hosted an annual drag show that raised money for Broadway Cares/Equity Fights AIDS. 'I kind of describe [Broadway] as like a food chain'It takes dozens of people to put on a Broadway show. This includes hiring the company managers, who are responsible for payroll, policy enforcement and meeting the day-to-day needs of select patrons, cast and crew. "& Juliet" stage as seen from behind the sound booth.

☆ Ukrainian police rescue six-year-old girl from besieged Bakhmut
▼ + stars: | 2023-02-01 | by ( Ivan Lyubysh-Kirdey | ) www.reuters.com time to read: +2 min

[1/5] A mother Halyna, 24, hugs her daughter Arina, 6, after her evacuation from front line city of Bakhmut, amid Russia's attack on Ukraine, in Sloviansk, Donetsk region, Ukraine January 31, 2023. REUTERS/Oleksandr RatushniakBAKHMUT, Ukraine, Feb 1 (Reuters) - Ukrainian police staged a risky rescue mission in the besieged eastern city of Bakhmut this week to evacuate a six-year-old girl who had become separated from her pregnant mother. Young Arina was found living with her grandparents in a run-down apartment building in Bakhmut, which has been pummelled by Russian forces in heavy fighting. Arina, clutching a large white teddy bear, told her mother after they hugged. He had to gently coax Arina into leaving Bakhmut, calmly explaining the dangers of remaining.

☆ Here's what the Federal Reserve's 25 basis point interest rate hike means for your money
▼ + stars: | 2023-02-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +7 min

The federal funds rate, which is set by the U.S. central bank, is the interest rate at which banks borrow and lend to one another overnight. "Credit card interest rates are already as high as they've been in decades," said Matt Schulz, chief credit analyst at LendingTree. As the federal funds rate rises, the prime rate does, as well, and your credit card rate follows suit within one or two billing cycles. "A 0% balance transfer credit card remains one of the best weapons Americans have in the battle against credit card debt," Schulz advised. The average interest rate for a 30-year fixed-rate mortgage is now around 6.4% — up almost 3 full percentage points from 3.55% a year ago.

Due to the tiny size of the capsule and the huge distances involved, authorities warn the chances of finding it are slim. Department of Fire and Emergency Services/APHow rare is it to lose a radioactive device? Radiation Services WA says radioactive substances are transported throughout Western Australia on a daily basis without any issues. A conveyor belt transports iron ore at the Gudai-Darri mine operated by the Rio Tinto in the Pilbara region of Western Australia, June 21, 2022. At that rate, the capsule could be radioactive for the next 300 years, said Deb from RMIT University.

[1/3] Vladislav Klyushin, an owner of an information technology company with ties to the Russian government, is seen in an undated photograph attached to a U.S. Department of Justice filing. of Justice/Handout via REUTERSBOSTON, Jan 30 (Reuters) - A wealthy Russian businessman with ties to the Kremlin faces trial on Monday on U.S. charges that he participated in a vast scheme that generated tens of millions of dollars in illegal trading profits using corporate information stolen through hacking. The three-week trial comes at a low point in U.S.-Russia relations following Russian President Vladimir Putin's invasion of Ukraine last year. And while the case against Klyushin, who has pleaded not guilty, predates the war, his connections to the Kremlin have long intrigued U.S. authorities. Reporting by Nate Raymond in Boston; Editing by Alexia Garamfalvi and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

☆ Colombia cocaine seizures break record in 2022
▼ + stars: | 2023-01-29 | by ( ) www.reuters.com time to read: +1 min

BOGOTA, Jan 28 (Reuters) - Colombia seized more cocaine in 2022 than any other year on record, the South American country's defense ministry reported Saturday. Security forces seized 671 tonnes of the drug last year, surpassing the 2021 total by about 1.7 tonnes. The data showed that Narino, Bolivar and Valle del Cauca provinces were the site of the most seizures last year. The guerilla group National Liberation Army, dissidents from the FARC rebel group and criminal gangs made up of former right-wing paramilitaries have all been implicated in drug trafficking. Cocaine seizures were 505 tonnes in 2020 and 428 tonnes in 2019.

☆ NHL roundup: Panthers rally late, nip Bruins in OT
▼ + stars: | 2023-01-29 | by ( ) www.reuters.com time to read: +8 min

Barkov also assisted on Brandon Montour's goal, and Sam Bennett scored for the Panthers. Anders Lee also scored for New York, which won its second straight game and prevailed for just the third time in 13 games (3-7-3). Carrier scored the only goal for Vegas, which lost its fourth straight game (0-2-2) and fell for the seventh time in eight games (1-5-2). Jaret Anderson-Dolan and Phillip Danault scored goals for the Kings, whose three-game winning streak ended. Colorado forward Valeri Nichushkin sat out for the second straight game with an upper-body injury.

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