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The Supreme Court issued a decision Thursday preserving the Indian Child Welfare Act. The law aims to keep Native American kids in tribal families in foster care and adoption cases. This was the third time the Supreme Court has taken up a case on the IWCA. In the not-so-distant past, Native children were stolen from the arms of the people who loved them," Biden said in a statement. Matthew McGill, who represented the Brackeens at the Supreme Court, said he would press a racial discrimination claim in state court.
Persons: , Amy Coney Barrett, Clarence Thomas, Samuel Alito, Alito, Chuck Hoskin, Charles Martin, Tehassi Hill, Guy Capoeman, Joe Biden, Biden, Chad, Jennifer Brackeen, Fort Worth , Texas —, Brett Kavanaugh, Kavanaugh, Matthew McGill, McGill Organizations: Indian Child Welfare, Service, WASHINGTON, Republican, Child Welfare, Cherokee Nation, Morongo, Mission, Oneida, Quinault Indian Nation, Democratic, Navajo, Supreme Locations: Quinault, Delaware, Alaska, Texas, Fort Worth , Texas, American, Navajo, Southwest, Cherokee, Sur Pueblo
Johnson & Johnson (JNJ) before-the-bell Tuesday reported a strong first quarter, with sales up more than 5.5% and earnings eking out an annual increase. We're leaning toward the second reason: Management's 2025 Pharmaceutical sales target because J & J's results would have exceeded estimates even without strong vaccine sales. On the post-earning call, management said they see Pharmaceutical sales in 2025 closer to $57 billion than the $60 billion forecast two years ago. While we understand the Street's desire to dig into the 2025 Pharmaceutical sales dynamic, we believe weakness in the stock represents a buying opportunity. That's thanks to increased prices and strong consumer demand, the combination of which speaks to the pricing power of the Johnson & Johnson, soon-to-be Kenvue, brand.
Wall Street finished the first month of 2023 on a high note, with the S & P 500 rising 6.2% for its best January performance since 2019. The 10 worst-performing stocks in Jim Cramer's Charitable Trust in 2022 climbed an average of 21% in January. Those holdings, which climbed an average of 39.8% in 2022, only rose an average of 0.9% in the first month of this year. Of the S & P 500's 11 sectors, energy was the only one to finish 2022 in positive territory, gaining 59%. But it remains to be seen whether January's market leaders will continue to power the S & P higher as the year progresses.
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