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☆ Verstappen fastest in final U.S. Grand Prix practice
  + stars: | 2022-10-22 | by ( ) www.reuters.com   time to read: +1 min
Formula One F1 - United States Grand Prix - Circuit of the Americas, Austin, Texas, U.S. - October 22, 2022 Red Bull's Max Verstappen during practice REUTERS/Brian SnyderAUSTIN, Texas, Oct 22 (Reuters) - Double Formula One world champion Max Verstappen was fastest in final practice on Saturday for a U.S. Grand Prix likely to hand the constructors' title to his Red Bull team. Register now for FREE unlimited access to Reuters.com RegisterThe Ferrari drivers had led both practice sessions on Friday. Red Bull's Sergio Perez, who has a five-place grid penalty, was fourth fastest and seven times world champion Lewis Hamilton was fifth for Mercedes. Verstappen has won 12 of 18 races so far this season and a 13th would equal the single-season record held by German greats Michael Schumacher and Sebastian Vettel. Register now for FREE unlimited access to Reuters.com RegisterReporting by Alan Baldwin in London, editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.
☆ Sainz on pole in Austin as F1 mourns Mateschitz
  + stars: | 2022-10-22 | by ( Alan Baldwin | ) www.reuters.com   time to read: +4 min
"I think for tomorrow Red Bull are still the favourites and they normally have the better race pace," he added. The Monegasque was 0.065 slower than Sainz's pole time of one minute 34.356 seconds in a windy session at the undulating circuit outside Austin. "The last lap wasn't the best, Carlos did a better job today and deserves to be on pole," said Leclerc. Ferrari need to score 19 points more than Red Bull, who have won the last seven races, to keep the constructors' championship alive with three rounds remaining. Aston Martin's four times world champion Sebastian Vettel, who won his titles with Red Bull, starts 10th.
☆ Regulatory approvals for AbbVie, J&J bolster the Club investment case
  + stars: | 2022-10-20 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +5 min
The technology platform — called Teligen — was developed by DePuy Synthes, a J & J subsidiary under the medical technology umbrella. J & J said Thursday it expects Teligen to be available in the U.S. later this year. J & J CEO Joaquin Duato, who took over the role earlier this year, has spoken about the complementary nature of the med tech and pharmaceutical divisions. That's where Johnson & Johnson is going to play, in that intersection. We like owning J & J for its defensive characteristics right now, while all three divisions are under the same roof.
☆ Emails show Trump knowingly pressed false voter fraud claims, judge says
  + stars: | 2022-10-19 | by ( Jacqueline Thomsen | Thomson Reuters | Based In Washington | ) www.reuters.com   time to read: +3 min
Eastman was one of Trump's attorneys when the former president and his allies challenged his 2020 election loss to Joe Biden. Register now for FREE unlimited access to Reuters.com RegisterRepresentatives for Trump and Eastman did not immediately return requests for comment. "The emails show that President Trump knew that the specific numbers of voter fraud were wrong but continued to tout those numbers, both in court and to the public," the judge wrote. The judge said four other emails "demonstrate an effort by President Trump and his attorneys to press false claims in federal court for the purpose of delaying the January 6 vote." Trump and his allies filed over 60 lawsuits challenging the 2020 election, which Biden won, with some complaints alleging voter fraud without evidence to support those claims.
☆ Why a small midterm race in Arizona could have big consequences for U.S. democracy
  + stars: | 2022-10-19 | by ( Tim Reid | ) www.reuters.com   time to read: +6 min
REUTERS/Brian Snyder/File PhotoOct 19 (Reuters) - The fight to become Arizona’s next attorney general in November’s midterm elections smashed fundraising records this week. Former President Donald Trump has endorsed the Republican attorney general candidate Abe Hamadeh and appeared on stage with him. “I think that American democracy runs through the state of Arizona in 2022,” Mayes said in an interview with Reuters. AG EMPOWERED TO STEP INHamadeh downplayed the role an attorney general has in election certification in a statement to Reuters. “What look like these relatively inconsequential races will have enormous consequences in terms of the 2024 presidential election,” Douglas said.
☆ Trump's comments on American Jews were anti-Semitic -White House
  + stars: | 2022-10-17 | by ( Jeff Mason | ) www.reuters.com   time to read: +1 min
WASHINGTON, Oct 17 (Reuters) - Donald Trump's recent comments that American Jews have offered insufficient praise of his policies toward Israel were "insulting" and "anti-Semitic", White House spokesperson Karine Jean-Pierre said on Monday. "Donald Trump's comments were anti-Semitic, as you all know, and insulting both to Jews and our Israeli allies," Jean-Pierre told reporters. A Trump spokesperson did not immediately respond to request for comment. Register now for FREE unlimited access to Reuters.com RegisterFormer U.S. President Donald Trump holds a rally ahead of the midterm elections, in Mesa, Arizona, U.S., October 9, 2022. Register now for FREE unlimited access to Reuters.com RegisterReporting By Jarrett Renshaw and Jeff Mason; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.
☆ Aide tells FBI Trump ordered boxes moved at Mar-a-Lago - report
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: +3 min
Former U.S. President Donald Trump holds a rally ahead of the midterm elections, in Mesa, Arizona, U.S., October 9, 2022. The testimony of the key witness, coupled with surveillance footage the Justice Department also obtained, represent some of the strongest known evidence to date of possible obstruction of justice by the former Republican president. The New York Times separately reported on Wednesday that Trump aide Walt Nauta was captured on security camera footage from Trump's Mar-a-Lago estate in Palm Beach moving boxes out of a storage area at the center of the investigation. The employee who was working at Mar-a-Lago was cooperating with the Justice Department and has been interviewed multiple times by federal agents, the Post reported. The Justice Department declined to comment on the Washington Post's report, and could not immediately be reached for comment on the New York Times article.
☆ Jamie Dimon says Musk should 'clean up Twitter,' echoes Tesla CEO's bot concerns
  + stars: | 2022-10-11 | by ( Ryan Browne | ) www.cnbc.com   time to read: +2 min
Brian Snyder | ReutersJamie Dimon appears to be a fan of Elon Musk's $44 billion Twitter takeover. "I hope Musk cleans up Twitter," the JPMorgan CEO told CNBC's Julianna Tatelbaum, adding he thinks Musk should look into eliminating anonymous accounts from the site. Musk has made no secret of his concerns with fake accounts on Twitter. In November 2021, JPMorgan sued Tesla for $162.2 million for allegedly breaching a 2014 contract relating to stock warrants that Tesla sold to the bank. watch nowThe suit was the subject of a report by the Wall Street Journal that said Musk and Dimon have never gotten along.
☆ September job gains affirm that the Fed has a long way to go in inflation fight
  + stars: | 2022-10-07 | by ( Jeff Cox | ) www.cnbc.com   time to read: +7 min
But a surprising drop in the unemployment rate and another boost in worker wages sent a clear message to markets that more giant interest rate hikes are on the way. Everybody who seems to want a job is getting a job," said Ron Hetrick, senior economist at labor force data provider Lightcast. "But we've been getting into a situation where our low unemployment rate has absolutely been a significant driver of our inflation." A series of central bank rate increases has been aimed at reducing demand and thus loosening up a labor market where there are still 1.7 open jobs for every available worker. It all makes the inflation fight look ongoing, even with a slowdown in payroll growth.
☆ Biogen, Eisai stocks soar on landmark Alzheimer's data, lift rivals
  + stars: | 2022-09-28 | by ( Natalie Grover Manas Mishra | Natalie Grover | Manas Mishra | ) www.reuters.com   time to read: +3 min
The trial results released on late Tuesday could mark a rare victory in the search for a treatment for the memory-robbing disease after years of clinical failures. Biogen's stock surged 46.6% to $290.99 in premarket trading, putting it on track to add over $13.5 billion in market capitalization. BMO analyst Evan Seigerman called the data an "unequivocal win" for Biogen and Alzheimer's patients. The latest trial boost for Biogen and Eisai's lecanemab has raised hope for success in trials testing Roche's gantenerumab and Lilly's donanemab. Shares of smaller Alzheimer's drug developers also rose in premarket U.S. trading.
☆ Biden to announce $1.5 billion to fight U.S. opioid crisis
  + stars: | 2022-09-23 | by ( Ahmed Aboulenein | Thomson Reuters | Washington-Based Correspondent Covering U.S. Healthcare | ) www.reuters.com   time to read: +3 min
A Cataldo Ambulance medic holds used doses of naloxone after medics revived a man in his 40's who was found unresponsive from an opioid overdose in the Boston suburb of Salem, Massachusetts, U.S., August 9, 2017. REUTERS/Brian SnyderWASHINGTON, Sept 23 (Reuters) - U.S. President Joe Biden will announce on Friday nearly $1.5 billion to fund access to medications for opioid overdoses, sanctions against traffickers, and increased funding for law enforcement, the White House said. The Biden administration is keen to show it is taking action on a worsening nationwide opioid crisis, which according to U.S. Centers for Disease Control and Prevention data fueled more than 107,000 drug overdose deaths in 2021, a nearly 15% increase from the previous year. Biden will announce nearly $1.5 billion in grants from the U.S. Department of Health and Human Services to states, tribal lands and territories, said Miriam Delphin-Rittmon, assistant secretary for mental health and substance use. The funds will go toward treating substance-use disorders and removing barriers to key tools like naloxone, a medication that can reverse opioid overdoses, Delphin-Rittmon said.
☆ Novartis to take U.S. drug patent case to Supreme Court
  + stars: | 2022-09-21 | by ( ) www.reuters.com   time to read: +1 min
A sign marks the Novartis Institutes for BioMedical Research facility in Cambridge, Massachusetts, U.S., June 16, 2021. REUTERS/Brian Snyder/File PhotoZURICH, Sept 21 (Reuters) - Novartis AG (NOVN.S) plans to ask the U.S. Supreme court to uphold the validity of a patent it holds on the dosing regimen for multiple sclerosis drug Gilenya after suffering a setback in a federal appeals court ruling, the Swiss drugmaker said on Wednesday. The ruling meant HEC Pharma and other drugmakers would potentially be able to launch a generic version of 0.5mg Gilenya imminently, pending any other judicial actions, it said. "Should generics launch in the US, we expect FY 2022 sales to be negatively impacted by USD 0.3bn. Register now for FREE unlimited access to Reuters.com RegisterReporting by Michael Shields Editing by Paul CarrelOur Standards: The Thomson Reuters Trust Principles.
☆ U.S. women skip jersey number 15 at World Cup to honour Griner
  + stars: | 2022-09-21 | by ( ) www.reuters.com   time to read: +1 min
Tokyo 2020 Olympics - Basketball - Women - Gold medal match - United States v Japan - Saitama Super Arena, Saitama, Japan - August 8, 2021. Griner, who wore the number 15 in international competition, helped the United States collect two of their 10 gold medals in the quadrennial tournament, which takes place in Sydney this year. "USA Basketball continues to keep BG in our thoughts as we take the court in Sydney. U.S. President Joe Biden met with the WNBA star's wife, Cherelle Griner, last week and has called the judgment against Griner "unacceptable". The United States said in July it put forth a "substantial offer" for the release of Griner and former U.S. Marine Paul Whelan.
☆ JPMorgan CEO Dimon to warn Congress of economic 'storm clouds' -testimony
  + stars: | 2022-09-20 | by ( Pete Schroeder | ) www.reuters.com   time to read: +3 min
JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. REUTERS/Brian SnyderWASHINGTON, Sept 20 (Reuters) - JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon plans to tell Congress that the U.S. economy faces "storm clouds," according to prepared testimony. Dimon, who is due to testify alongside major U.S. bank CEOs at congressional hearings Wednesday and Thursday, will outline the competing forces buffeting the nation's economy. The hearing will seek CEO testimony on a range of issues, including consumer protection, compliance issues, diversity and "issues relating to the public interest" such as worker rights and abortion access, according to the memo. They will be joined by US Bancorp (USB.N) CEO Andy Cecere, PNC Financial (PNC.N) CEO William Demchak, and Truist Financial (TFC.N) CEO William Rogers, who run the country's largest regional lenders.
☆ Trading the Fed, plus insights from a 99th-percentile fund manager
  + stars: | 2021-06-20 | by ( Business Insider | ) www.businessinsider.com   time to read: +2 min
Spencer Platt/Getty ImagesHello and welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you through the current market and investing landscape. Here's what's on the docket:If you aren't yet a subscriber to Insider Investing, you can sign up here. Pool/Getty ImagesThe Federal Reserve left interest rates steady this past week while setting the stage for two hikes by year-end 2023. Read the full story here:Hennessy FundsFinancial-sector stocks have outperformed the rest of the market over the last several months.
☆ 10 top crypto tokens, plus the rising stars of equity research
  + stars: | 2021-05-02 | by ( Business Insider | ) www.businessinsider.com   time to read: +2 min
I'm Joe Ciolli, and I'm here to guide you through what's been happening in markets. Here's what's on the docket:If you aren't yet a subscriber to Insider Investing, you can sign up here. He shares 3 themes and 10 tokens he's betting on in crypto, and also walks through an example of how to execute special situations investing in digital assets. Their bearish bets have paid off amid a steep decline in SPAC market sentiment and overall performance. Exclusive data from S3 Partners details the 10 most profitable SPAC shorts in the market right now.
☆ How to trade the SPAC slowdown, plus the case for $1 million Bitcoin by year-end
  + stars: | 2021-04-25 | by ( Joe Ciolli | ) www.businessinsider.com   time to read: +2 min
Brian Snyder/Reuters; Michael Loccisano/Getty Images; Samantha Lee/InsiderHello and welcome to Insider Investing. Here's what's on the docket:If you aren't yet a subscriber to Insider Investing, you can sign up here. He first bought Bitcoin at $10 and began to double down in 2014 after acquiring a "HODL" mindset. He explains how Bitcoin might hit $1 million by year-end — and as a bonus lays out what meme token Dogecoin is all about. Read the full story here:TappanOnline art platform Tappan Collective, which launched in 2012, saw sales double in 2020 as online art sales surged.
☆ Fidelity Is Rolling Out Four New Bond Model Portfolios
  + stars: | 2020-01-15 | by ( Rebecca Ungarino | ) www.businessinsider.com   time to read: +7 min
Investment management giant Fidelity is adding more fixed-income model portfolios to its menu of products available to financial advisors. While Fidelity doesn't charge advisory fees for the model portfolios, it charges investment management fees for the underlying funds. AdvertisementInvestment-management giant Fidelity is adding more fixed-income model portfolios to its menu of products available to financial advisors. Fidelity's model portfolios are available on so-called turnkey platforms for advisers, including its own offering. AdvertisementA growing marketFidelity already offers bond model portfolios to the advisers it serves through its institutional asset management business.
Persons: iShares, —, Larry Fink, Fink, Charles Schwab, Schwab, TD, Brian Snyder That's, Scott Smith, Smith, BlackRock's Fink, Russell Investments, Michelle Seitz, Russell, Seitz, — Bradley Saacks Organizations: Fidelity, BlackRock, Service, Fidelity Investments, REUTERS, Cerulli Associates, Business, Bank of America, Natixis, JPMorgan, Merrill Lynch Wealth Management Locations: Broadridge, Boston , Massachusetts
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