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☆ Health Plan Coverage of Abortion and Related Services
▼ + stars: | 2023-05-01 | by ( Practical Law Employee Benefits | Executive Compensation | ) www.reuters.com time to read: +36 min

The Dobbs ruling, which returned the regulation of abortion to the individual states, has led to legislation that restricts abortion, including medication abortion, in many states. In response to the rapidly changing post-Dobbs legal landscape, this article addresses health plan coverage of abortion, medication abortion coverage and litigation, abortion-related travel benefits, and related Practical Law resources concerning these topics. The insurer in a fully insured health plan, health maintenance organization (HMO), or similar arrangement:Assumes the risk of providing health coverage for insured events by paying medical costs for eligible claims incurred under the plan. Self-Funded Health PlansBy contrast, employers with self-funded arrangements may have more discretion in providing coverage for abortion and related services. Changes to plan coverage of medication abortion will likely require plan administrators to:(For more on coverage of medication abortion, see Newly Launched, ReproductiveRights.gov Website Addresses Access to Medication Abortion (Mifepristone) Using Telehealth on Practical Law.)

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ Final Trades: Starbucks, Abbvie, Microsoft & APA Corp.
▼ + stars: | 2023-04-11 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Starbucks, Abbvie, Microsoft & APA Corp. The final trades of the day. With CNBC's Melissa Lee and the Fast Money traders.

CNBC Pro looked at the 100-day rolling correlations of S & P 500 stocks to West Texas Intermediate futures to see which names tend to follow oil the closest. In other words, when oil rises, these stocks tend to follow it higher. Clorox and General Mills both have negative current correlations to oil. In other words, when oil rises, these stocks have fallen lately. Both stocks are underperforming oil this week, with Clorox losing 0.1% and General Mills advancing just 1.7%.

☆ Stocks making the biggest moves midday: Tesla, Marathon Oil, WWE, UnitedHealth and more
▼ + stars: | 2023-04-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

UnitedHealth — Shares of the health insurance giant gained about 4% after the Center for Medicare & Medicaid Services on Friday announced updated payment rates. The Wall Street firm said Marqueta is facing a "multitude of headwinds" without an ironed-out renewal deal with Block. Extra Space Storage , Life Storage — Shares of Extra Space Storage fell 5% after the company said it would acquire Life Storage in an all-stock transaction for $145.82 per share, an 11.2% premium to where Life Storage closed Friday. Shares of Life Storage shares rose 3%. Ovintiv – The oil and natural gas exploration and production company saw shares jump 10% after announcing it will acquire certain Midland Basin assets from EnCap Investments for about $4.3 billion.

☆ US energy stocks join European peers' rally after surprise oil output cut
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +2 min

April 3 (Reuters) - U.S. energy stocks hit an over one-month high on Monday, following a rally in European peers as crude prices rose more than 6% following a surprise announcement by Saudi Arabia and other OPEC+ oil producers to cut production. The S&P 500 energy index (.SPNY) added 4.2%, eying its best day in six months, while the benchmark S&P 500 (.SPX) traded flat. So any amount of oil price incrementally higher from here is very good for margins and it's very good for these stocks." Other oil producers Occidental Petroleum (OXY.N), ConocoPhillips (COP.N), Devon Energy (DVN.N), Marathon Oil (MRO.N) and APA Corp (APA.O) gained between 6.3% and 9.5%. Alastair Syme, head of energy research at Citi, said investors had recently been reducing the weight of energy stocks in their portfolios, and that any move to re-weight would likely benefit most of the largest cap stocks.

☆ Stocks making the biggest moves premarket: Marathon Oil, Macy's, WWE and more
▼ + stars: | 2023-04-03 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

A road is closed after an oil leak at Marathon Galveston Bay Refinery on October 6, 2021 in Texas City, Texas. Energy stocks — Energy stocks rose broadly Monday after OPEC surprised the market by announcing a production cut. Marathon Oil rose more than 7%, while Halliburton , APA and Occidental Petroleum each gained more than 6%. Extra Space Storage , Life Storage — Extra Space Storage said it would acquire Life Storage in an all-stock transaction for $145.82 per share, an 11.2% premium to where the stock closed Friday. Extra Space shares dropped 4.9% following the announcement; Life Storage shares climbed about 1.7%.

☆ American Airlines pilots 'near' reaching agreement on new contract - union memo
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +1 min

CHICAGO, April 3 (Reuters) - Pilots at American Airlines (AAL.O) are "near" reaching a comprehensive agreement in principle with the company on a new contract, according to a pilot union memo seen by Reuters. American pilots, who received their last pay increase in 2019, have been protesting for a new contract. Both American Airlines and United Airlines (UAL.O) have promised an "industry-leading" contract to their pilots. "Every day that passes is a day our pilots labor under a sub-standard agreement that is problematic to both our careers and the certainty of American Airlines' operation," the APA said. American Airlines Chief Executive Robert Isom has said the company is prepared to match the pay rates and profit-sharing formula that Delta has provided in its new pilot contract.

☆ Wall Street lines up against SEC chair Gary Gensler on one of his most controversial proposals
▼ + stars: | 2023-03-31 | by ( Bob Pisani | ) www.cnbc.com time to read: +15 min

However, Gensler has claimed that pension funds and other institutional investors are not able to interact with that retail order flow. Auctions: the industry lines up against it The auction proposal has generated a large volume of comment letters to the SEC. He has said investors today need a better understanding of how well their trading orders are being executed. Theoretically, the SEC could vote on any or all of the four proposals in a shorter time period. This is just the start This is just the start of many proposals in front of the SEC.

BRUSSELS, March 21 (Reuters) - EU antitrust regulators have raided a company active in the energy drinks sector in several EU countries on suspicion of taking part in a cartel and also abusing its dominance, the European Commission said on Tuesday. Austrian energy drinks maker Red Bull confirmed that its premises had been searched, the Austrian news agency APA reported, although the company declined further comment when contacted by Reuters. "The Commission has concerns that the inspected company may have violated EU antitrust rules that prohibit cartels and restrictive business practices," the EU enforcer said in a statement. "The inspected company may also have violated EU antitrust rules that prohibit abuses of a dominant position." Companies found breaching EU antitrust rules face fines of as much as 10% of their global turnover.

☆ Stocks making the biggest moves midday: Credit Suisse, First Republic Bank, Halliburton and more
▼ + stars: | 2023-03-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Credit Suisse — Shares of Credit Suisse plunged 25% after its biggest backer, Saudi National Bank, said it won't provide the Swiss bank with further financial help. First Republic Bank — The regional bank stock tumbled 23%, giving back some of Tuesday's gains as turmoil at Credit Suisse rattled the broader sector and S&P Global Ratings downgraded its debt rating to BB+ from A-. U.S. banks — Major U.S. banks tumbled on Wednesday as unease over the latest crisis at Credit Suisse spooked some investors. Energy stocks — Major energy stocks took a hit as oil stooped to its lowest level in more than a year. New York Community Bancorp — The regional bank stock jumped more than 5%, bucking the broader sell-off trend in banking names.

☆ American Airlines pilots' union calls strike authorization vote as contract talks continue
▼ + stars: | 2023-03-09 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Pilots talk as they look at the tail of an American Airlines aircraft. American Airlines pilots' union plans to hold a vote next month on whether to allow members to call a strike as talks for a new labor contract continue. "While our Negotiating Committee reports good progress, we remain steadfast and focused that now is the time to reach an agreement with American Airlines," the American Airlines pilots' union said Thursday. They had approved a strike authorization vote in the fall, about a month before reaching a preliminary deal with the company. Even if American pilots' union called a strike it would not be immediate; airline strikes are extremely rare in the U.S. and would follow a lengthy process involving federal mediators.

☆ 3 reasons why a major student-loan lender thinks millions of borrowers should be thrown back into repayment, with or without debt relief
▼ + stars: | 2023-03-08 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Student-loan lender SoFi filed a lawsuit to end the student-loan payment pause. The administration pushed back on the lawsuit, saying the payment pause is legal. Here are three reasons why SoFi thinks it's time for millions of student-loan borrowers to start paying off their debt. SoFi has suffered revenue loss from the payment pauseSoFi laid out direct harm the student-loan payment pause has caused its business. If the court does not end the entire student-loan payment pause, SoFi is asking that borrowers ineligible for broad relief reenter repayment and place a permanent injunction preventing the Education Department from giving those borrowers additional relief.

☆ The Fed’s favorite inflation gauge will be the big market hurdle of next week
▼ + stars: | 2023-02-18 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Most important this week is Friday's core personal consumption expenditure (PCE) price index for January. In comparison, the consumer price index (CPI), released this past week, only tracks price changes over time. The market is expecting the core PCE price index to rise 0.4% monthly and 4.9% annually. In addition to the core PCE price index, we're going to be looking closely at the housing and utilities component. Lastly, the January producer price index came in hotter than expected, rising 0.7% from December versus expectations for 0.4% increase.

☆ American Airlines flight crew involved in a near collision with a Delta plane at JFK 'refused' to sit down for recorded interviews with authorities
▼ + stars: | 2023-02-13 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

The American Airlines crew involved in a near-collision have "refused" to be interviewed by authorities. The report said that "the flight crew refused to be interviewed on the basis that their statements would be audio recorded for transcription." American Airlines did not immediately respond to Insider's request for comment about the interviews. In a statement given to the Wall Street Journal, American Airlines said it is cooperating with the NTSB investigation. The 153 passengers and six crew members on the Delta plane and 137 passengers and 12 crew members on the American plane were all uninjured, the NTSB's preliminary report said.

☆ NTSB subpoenas American Airlines flight crew in JFK runway incursion
▼ + stars: | 2023-02-10 | by ( Ross Levitt | ) edition.cnn.com time to read: +3 min

CNN —The National Transportation Safety Board, which is investigating a near miss incident on the JFK runway last month, has issued a subpoena for the testimony of the American Airlines pilots involved. “American Airlines cleared the flight crew’s schedule to ensure their availability; however, the flight crew refused to be interviewed on the basis that their statements would be audio recorded for transcription,” the NTSB preliminary report says. “As a result of the flight crew’s repeated unwillingness to proceed with a recorded interview, subpoenas for their testimony have been issued.”The NTSB report says the American Airlines 777 crossed an active runway without clearance from air traffic control, causing a Delta 737 to abort its takeoff. Investigators have accepted written statements from the Delta crew and determined that they contain “sufficient information.”As CNN has previously reported, the American Airlines flight continued on to London’s Heathrow airport. The NTSB says the American crew, through their union, the Allied Pilots Association, would not consent to the interview.

☆ APA strikes oil off Suriname coast
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +1 min

Feb 8 (Reuters) - U.S. oil producer APA Corp (APA.O) said on Wednesday that it had found oil after drilling Sapakara South-2 (SPS-2) appraisal well in Block 58, offshore Suriname. Exploration off the South American country's coast has been watched closely as it is just over the border from massive oil discoveries made by an Exxon Mobil Corp (XOM.N)-led consortium in Guyana that are estimated to hold nearly 11 billion barrels of oil equivalent. The well is located about 4.6 kms south of the Sapakara South-1 (SPS-1) appraisal well, where APA found oil in 2021. The company had in November wound up drilling operations at the Awari well in Block 58 as it was "deemed noncommercial." French energy major TotalEnergies SE (TTEF.PA) operates Block 58, with a 50% working interest, while APA holds the other half.

☆ These are the top 10 holdings of the AI-driven investment fund powered by Watson that has been crushing the market this year
▼ + stars: | 2023-02-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The AI Powered Equity ETF has doubled the performance of the S&P 500 so far in 2023. These are the top 10 holdings in the AI Powered Equity ETF that's driven by IBM's Watson. One ETF has been utilizing aspects of artificial intelligence to drive its investment decisions since its launch in 2017: the AI Powered Equity ETF. These are the top 10 holdings in the AI Powered Equity ETF that's driven by IBM's Watson supercomputer. Norwegian Cruise Line HoldingsTicker: NCLH% of ETF: 1.9%Industry: Cruise Ships6.

☆ Factbox: Bumper profits fuel surge in dividends, buybacks at oil firms
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +4 min

Feb 3 (Reuters) - Energy firms are using a chunk of their bumper quarterly profits from surging natural gas and fuel prices to reward shareholders with higher dividends and share buybacks. The top 25 North American oil and gas companies by market capital posted a combined profit of $70.04 billion for the quarter ended Sept. 30, 186.3% higher than a year earlier, according to Refinitiv data. However, the record profits have renewed calls for a windfall tax, especially as sky-rocketing prices have fueled inflation around the globe. Below are some of the companies that have announced higher dividends and repurchases in recent weeks:Valero Energy Corp (VLO.N)Dividend: Increased quarterly dividend by 4.1% to $1.02 per shareNet Income in latest quarter: More than tripled to $3.11 billionExxon Mobil Corp (XOM.N)Dividend: Q4 per-share dividend of 91 cents, up 3 centsNet Income in latest quarter: Jumped 43.7% to $12.75 billionChevron Corp (CVX.N)Dividend: Raised quarterly dividend by 9 cents to $1.51 per shareShare buyback: Approves a $75 billion buyback programNet Income in latest quarter: Jumped 25.6% to $6.35 billionConocoPhillips (COP.N)Dividend: Declares variable dividend of 60 cents per shareShare buyback: Raised existing share repurchase authorization by $20 billionNet Income in latest quarter: Rose 23% to $3.2 billionCHESAPEAKE ENERGY CORP (CHK.O)Dividend: Increased total quarterly dividend to $3.16/shr from $2.32/shrNet Income in latest quarter: Stood at $883 mln, compared with $345 mln year-ago lossBAKER HUGHES CO (BKR.O)Dividend: Increased quarterly dividend by 5.5% to 19 cents per shareShare buyback: Authorized an additional $2 blnNet Income in latest quarter: Fell 38.1% to $182 millionSLB (formerly Schlumberger) (SLB.N)Dividend: Increased quarterly cash dividend 43% to $0.25 per shareShare buyback: Resumed share repurchase programNet Income in latest quarter: Rose 77.2% to $1.07 billionMarathon Petroleum Corp (MPC.N)Share buyback: Approved an additional $5 billion in stock repurchasesNet Income in latest quarter: Rose 329.1% to $3.32 billionPhillips 66 (PSX.N)Share buyback: Plans to return up to $12 bln more to shareholders by end-2024 through dividends and buybacksNet Income in latest quarter: Jumped 1241% to $5.4 billionMarathon Oil Corp (MRO.N)Dividend: Expects to raise base dividend by an additional 11% after closing the purchase of EnsignNet Income in latest quarter: Climbed 344% to $817 millionEOG Resources Inc (EOG.N)Dividend: Raised regular dividend by 10%, $1.50/shr special dividendNet Income in latest quarter: Rose 160.6% to $2.85 billionAPA Corp (APA.O)Dividend: Doubled quarterly dividend to an annualized rate of $1.00/shrNet Income in latest quarter: Stood at $422 million, compared with a loss of $113 millionCOTERRA ENERGY INC (CTRA.N)Dividend: Increased dividend by 3 cents to 68 cents/shrNet Income in latest quarter: Surged 1768.75% to $1.2 billionPATTERSON-UTI (PTEN.O)Dividend: Doubled quarterly cash dividend to 8 cents/shrShare buyback: Increased share repurchase authorization to $300 millionNet Income in latest quarter: Rose 181% to $61.5 millionTEXAS PACIFIC LAND CORP (TPL.N)Share buyback: Approved purchase of up to $250 mln worth of sharesNet Income in latest quarter: Rose 55% to $129.8 mlnCANADIAN NATURAL RESOURCES LTD (CNQ.TO)Dividend: Raised quarterly dividend by 13% to 85 Canadian cents/shrNet Income in latest quarter: Rose 27.7% to C$2.81 blnCenovus Energy Inc (CVE.TO)Dividend: Announced a variable dividend of C$0.114Share buyback: Plans to renew repurchase programNet Income in latest quarter: Climbed 192% to C$1.61 blnIMPERIAL OIL (IMO.TO)Dividend: Raised quarterly dividend by 29% to 44 Canadian cents/shrShare buyback: Announced a C$1.5 bln substantial issuer bid to buy back sharesNet Income in latest quarter: Rose 123.6% to C$2.03 blnTOURMALINE OIL CORP (TOU.TO)Dividend: Announced a special dividend of C$2.25/shr; raised quarterly dividend by 11% to 25 Canadian cents/shrNet Income in latest quarter: Rose 481% to C$2.09 blnReporting by Sourasis Bose, Ankit Kumar and Arunima Kumar in Bengaluru; Editing by Sriraj Kalluvila and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ Favorite income ideas of top performing funds cluster around similar stocks
▼ + stars: | 2023-01-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

CNBC Pro found four income funds that have performed well over the past three years, which could be opportunities for investors searching for reliable income as the year progresses: The BNY Mellon Income Stock Fund , Neuberger Berman Dividend Growth Fund , Invesco Value Opportunities Fund and Invesco Comstock Fund . Here are the funds: Three stocks stand out as being among the most heavily weighted across three of the funds: JPMorgan , Goldman Sachs and Caterpillar . Financial services names make up a large part of both the BNY Mellon and Invesco Comstock funds, with roughly 30% and 22% of the funds' investments in the sector. Both of them, as well as the Neuberger fund, include JPMorgan, which is the single biggest weighting in the BNY Mellon fund. Goldman Sachs is another favorite financial stocks, being heavily weighted in the BNY Mellon and both Invesco funds.

☆ Value investor Bill Nygren says he sold some energy for new buys, including Adobe and an auto name
▼ + stars: | 2023-01-12 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Last year's losing market created a new host of buying opportunities for long-term value investors across different sectors, Oakmark Funds' Bill Nygren said Thursday. In the energy sector, Oakmark opted to keep positions in APA , Conocophilips and Dominion Energy , which have more non-earning assets, Nygren said. The portfolio manager then used the cash to buy Canadian auto parts manufacturer Magna International . It is a single-digit price-to-earnings stock that fell to around $60 from $100 at its high, Nygren said. MGA 1Y mountain Magna International "We think they're under earning today because of supply chain problems," Nygren said.

☆ A lawsuit filed by Seattle's public schools accuses Meta, TikTok, Google, and Snapchat of creating a youth mental health crisis
▼ + stars: | 2023-01-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Social media companies are named in a lawsuit filed by the Seattle public schools district. The suit accuses Meta, Google, TikTok, and Snap of creating a mental health crisis among America's youth. Seattle's public school system said it had a responsibility to file the suit because children suffering from mental health problems perform worse in school and are less likely to attend at all, affecting the schools' educational mission. A Snap spokesperson said "nothing is more important to us than the wellbeing of our community" and it works closely with mental health organizations to give users "resources to help them deal with the challenges facing young people today." Google, Meta, and TikTok did not immediately respond to Insider's request for comment.

☆ One dead, another injured after shots fired at Austrian barracks
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +1 min

VIENNA, Jan 6 (Reuters) - A soldier was killed and another injured after an exchange of fire at an airfield barracks in the Austrian town of Wiener Neustadt on Friday, a Defence Ministry spokesperson said. Austrian news agency APA reported that the soldier on guard duty had opened fire during an apparent argument and that he was then shot by the higher-ranking military officer. "In the airfield barracks ... the guard soldier was killed and another soldier injured in an exchange of fire shortly before 7 a.m. (0600 GMT)," ministry spokesperson Michael Bauer tweeted. Austrian broadcaster ORF reported that the guard who was killed at the barracks in the town, about 60 km (40 miles) south of Vienna, was aged 20 and from the province of Lower Austria. Writing by Paul Carrel, editing by Miranda Murray and Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.

☆ American Airlines pilots raise concerns over new cockpit protocols
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +1 min

Jan 6 (Reuters) - The union representing 15,000 American Airlines (AAL.O) pilots has voiced concerns regarding the new cockpit protocols enforced by the airline, without adequate training. The carrier on Tuesday implemented new procedures for cockpit communications during critical events such as low visibility landings, according to the union. "The operational changes that management is attempting to implement without fulsome training alters how pilots communicate, coordinate, and execute flight safety duties at some of the most high-threat times of flight," Allied Pilots Association (APA) said in a post on Monday. "This attempt to train by bulletin, while ignoring serious safety concerns and well-established best practices, runs the risk of dramatically eroding margins of safety," it added. Reporting by Aishwarya Nair in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Citi's Chronert says a recession is near; shares his 'top conviction calls' to tough it out
▼ + stars: | 2023-01-06 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Citi's Scott Chronert expects a mild recession in the first half of this year and revealed three strategy calls that could help investors trade the downturn. Earnings Earnings will likely come in better than expected, according to Chronert in his outlook for this year, published in December. Strength in some sectors Chronert likes both industrials and energy looking ahead. In the December note, Citi listed a number of "preferred" U.S. energy stocks including APA and EOG Resources . As such, he told CNBC Thursday that he's "steering somewhat clear of" mega-cap companies.

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