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It’s been a splendid run for the market — so emphatically great that in just the first three months of the year, the S&P 500 climbed to record highs on 22 separate days. But what most reports and commentary haven’t pointed out is that because inflation has also climbed sharply over the last few years, the value of stock prices has eroded, along with nearly everything else in the economy. When you factor in inflation, the stock market did not actually reach new heights. That’s finally changing, with the market’s gains outpacing the ravages of inflation sufficiently to push real stock valuations close to a new peak, according to calculations by Robert J. Shiller, the Yale professor and Nobel laureate in economics. In a phone conversation, he said, “On a monthly, inflation-adjusted basis, it does appear that the S&P 500 now is right around a record high.”
Persons: It’s, Robert J, Shiller, , Organizations: Yale
Cash-out refinancing and home equity loans are two of the most popular tools available to access your equity. A cash-out refinance works like this: You apply for a new mortgage loan that's larger than your current one. Interest rates and loan termsBoth cash-out refinances and home equity loans typically come with fixed interest rates, but home equity loan rates tend to be a few points higher. ConsiderationsBefore deciding to use a home equity loan or cash-out refinance, you'll need to take the following costs into account first. Choosing the right optionBoth home equity loans and cash-out refinancing can help you turn equity into cash.
Persons: Cash, You'd, it's, what's, Melissa Cohn, William Raveis, refinance, you'll, Nicole Straub, Organizations: LTV, William Raveis Mortgage, Discover Locations: foreclosing,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis could be the end of Nelson Peltz, says Yale's Jeffrey Sonnenfeld on Disney's board voteHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Nelson Peltz, Yale's Jeffrey Sonnenfeld, Brian Sullivan, Organizations: CNBC
AdvertisementYale and Brown made similar announcements, saying they conducted studies that found requiring testing allowed them to attract the most diverse student body. "The institutions we're currently talking about, they're requiring tests again and didn't necessarily want to ever stop requiring tests," Baker said. Its reason: requiring testing scores would help the school choose between many high school seniors with high GPAs. Even so, data has shown students have continued to take tests despite applying to schools with test-optional policies. AdvertisementMoving forward, Baker said it's important that if more schools choose to switch their testing policies, they consider the announcement's timing.
Persons: , they're, Brown, Brown's, Francis Doyle, Harry Feder, Dominique Baker, couldn't, Baker, Jay Hartzell Organizations: Service, Dartmouth, Business, Yale, ACT, National Center for Fair, University of Delaware, Ivy League, University of Texas, University of Michigan, College Board Locations: Austin
Just over 2% of applicants to a Houston-area guaranteed income program were accepted — a lower acceptance rate than Harvard or Yale. Starting this month, 1,928 families will receive $500 a month, no strings attached, through Uplift Harris, a guaranteed income program in the Texas county that includes Houston. A majority of participants selected live in high-poverty ZIP codes and have a household income below 200% of the federal poverty line. Some participants were selected through the county's Accessing Coordinated Care and Empowering Self Sufficiency program which helps vulnerable residents improve outcomes. The pilot has been met with opposition from politicians including Texas State Sen. Paul Bettencourt, who in January sent a letter to the state attorney general concerning whether counties can legally enact guaranteed income programs.
Persons: Dustin Palmer, AidKit, Palmer, GiveDirectly, We've, Texas State Sen, Paul Bettencourt, Bettencourt, I've, it's Organizations: Service, Harvard, Yale, Business, American, SNAP, Texas State, Houston Public Media, Austin Locations: Houston, Uplift Harris, Texas, Harris, Harris County, West Harris County
McRoberts’ elevation to the role comes more than a year after the company’s former safety leader, Yoel Roth, who oversaw what was then called the Trust and Safety team, resigned in the wake of Musk’s takeover. In its announcement, X said McRoberts has previously worked on other X safety features including labels that inform a user if their content is being restricted. In a post last month, Musk said he would change the name of X’s “Trust and Safety” team to simply the “Safety” team. We are changing the name of our Trust & Safety group, to simply @Safety,” Musk said. The goal of our Safety team is simply to ensure compliance with the laws that already exist to protect the people.”
Persons: New York CNN —, it’s, Kylie McRoberts —, Linda Yaccarino, Yoel Roth, X, White, Yale Cohen, Yaccarino, Musk, Pizzagate ”, McRoberts, ” X, ” Musk, Organizations: New, New York CNN, New York CNN — Elon, Twitter, Trust and Safety, Publicis Media, Google, Safety, & Safety Locations: New York, Austin , Texas,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNelson Peltz has no success as a financier, says Yale's Jeff SonnenfeldJeff Sonnenfeld, Yale School of Management senior associate dean for leadership studies, joins 'Squawk Box' to discuss the latest developments in Disney's proxy battle with activist investor Nelson Peltz, the performance of Disney CEO Bob Iger, the track record of Peltz, and more.
Persons: Nelson Peltz, Jeff Sonnenfeld Jeff Sonnenfeld, Bob Iger Organizations: Yale School of Management, Disney
They don't replace the tech giants — they just get bought by the tech giants. A new paper by two leading scholars suggests that these days, Big Tech doesn't have to resort to buyouts to crush aspiring startups. At this point, Big Tech looks at promising startups the way evil alien empires in science fiction look at helpless planets. The data that Big Tech shares — or doesn't share — can play an instrumental role in shaping a startup's work. Finally, the big companies use their clout on Capitol Hill in an effort to impose stricter regulations on the startups they're ostensibly trying to help.
Persons: that's, That's, Joe Biden, Mark Lemley, Matt Wansley, they're, Wansley, Who, Lemley, Sam Altman, Satya Nadella, Barbara Ortutay, Florian Ederer, Elon Musk, OpenAI, Marc Andreessen, watchdogs, Ederer, Anthropic, Adam Rogers Organizations: Apple, Meta, Microsoft, Federal Trade Commission, Justice Department, Big Tech, Stanford University, Cardozo School of Law, Google, Facebook, Star, Yale, London Business School, Tech, Boston University, titans, IBM, Dells, Business Locations: Silicon Valley,
Some American universities estimate their total cost of attendance will exceed $90,000 next year. Tuition and fees at universities have continued to climb, even when adjusted for inflation. The result may be a generation of students wondering if college is worth it. AdvertisementThe price of getting a degree has continued to climb at American universities, with the cost of some schools reaching a new threshold. Out-of-state and in-state tuition and fees at public universities have risen by about 38% and 56%, adjusted for inflation, over the same period.
Persons: , Gen, Ana Hernández Kent, Louis Organizations: Service, New York University, Tufts, University of Pennsylvania, Yale, NYU, Board, U.S . News, for Higher, of Education, Universities, Institute for Higher Education, Institute for Economic Equity, Federal Reserve Bank of St Locations: U.S
Russia's economic strength is likely to wane this year, economists say. Putin's economic fantasyThe tailspin Sonnenfeld, Tian, and Guriev are predicting seems contradictory to what Russia is presenting on the surface. Russian inflation is also high, clocking in at 7.58%, according to data from Russia's economic ministry. Guriev doesn't believe Russia's economy will completely unravel, as central bankers will work hard to limit the damage. Advertisement"It's unlikely the Russian economy will spiral into a macroeconomic meltdown, and that the Russian political system will," he said.
Persons: Putin, Joe Biden, , Vladimir Putin, Jeffrey Sonnenfeld, Steven Tian, Tian, Trump's, Sergei Guriev, Sonnenfeld, he's, Guriev, Putin's Organizations: Service, Yale, London Business School, Russia Locations: Russia, Ukraine, Russian, Moscow, Soviet
I reviewed my Yale admissions file to see what the Ivy League school thought about my application. She wrote those words in my admissions file, a document I finally got my hands on three years after being accepted into Yale University. She screen-shared my admissions file and let me read in silence. I got a behind-the-scenes look into Yale admissions when they read my applicationEach aspect of my application was rated out of nine points. "I teared up reading Essay 1," one reader wrote of my common application essay.
Persons: , Brian Organizations: Yale, Ivy League, Service, Yale University, Educational
Women who choose to undergo reproductive technology procedures such as egg freezing face a long road riddled with obstacles. Here's a look into the driving forces behind egg freezing and the financial, social and emotional costs that come with it — based on personal experiences from women across the country. She wanted to remove some of the stigma around egg freezing and give her followers an inside look at the arduous process. The benefits are high, but so are the costsWhile the benefits of egg freezing are certainly enormous, so too are the associated costs. Many women need multiple egg freezing cycles, especially as they grow older and egg number and quality begin to deteriorate.
Persons: Lynn Curry, cryopreservation dewar, Roselle Chen, That's, Marcia Inhorn, Inhorn, Nicole Noyes, Aimee Eyvazzadeh, Noyes, Eyvazzadeh, Serena Kerrigan, Kerrigan, Jenny Hayes Edwards, Hayes Edwards Organizations: Huntsville Reproductive, Reuters, Life Sciences, Women, Yale University, CNBC, Nutrition Locations: Huntsville, Madison , Alabama, U.S, Alabama, United States, America, New York, California, Colorado
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe price of getting a degree has continued to climb at American universities, with the cost of some schools reaching a new threshold. This story is available exclusively to Business Insider subscribers. Out-of-state and in-state tuition and fees at public universities have risen about 38% and 56%, respectively, inflation-adjusted over the same period. In a Business Insider and YouGov survey conducted last year, 46% of Gen Z respondents said they don't think college is worth the cost.
Persons: , Gen, Ana Hernández Kent, Louis Organizations: Service, New York University, Tufts, University of Pennsylvania, Yale, Business, NYU, Board, U.S News, of Higher, of Education, Universities, Institute of Higher, Institute for Economic Equity, Federal Reserve Bank of St
The motive of such campaigns, Innes said, is to “destabilize” Russia’s Western antagonists and “undermine trust” in their institutions. The pattern of behavior was one his team recognized from a group of Russian actors his team had studied before. It is a commercial firm contracted to run disinformation campaigns, Innes said. Aaron Chown/Press Association/APMeta said it disrupted the group, but its disinformation campaigns have since grown more sophisticated. The timing of the Kate conspiracies was also propitious for the Kremlin – coming just as Putin secured a fifth term in power in a stage-managed election devoid of credible opposition.
Persons: Catherine, Princess of Wales, Kate, , ” Martin Innes, ” Innes, Emmanuel Macron, Innes, Princess, Wales, , Instagram –, Doppelganger, Aaron Chown, King Charles III, Rasmus Kleis Nielsen, ” Anna George, Timothy Snyder, Vladimir Putin’s, Henry Nicholls, Prince William, ’ ”, Putin Organizations: CNN, Cardiff University, , Soviet, Meta, Facebook, Press Association, AP Meta, US Treasury, British Embassy, Reuters Institute for, Journalism, Oxford University, Oxford Internet Institute, Yale, Russian Foreign, ” Police, London Clinic, Getty, CNN’s Royal, Kremlin Locations: Wales, Ukraine, , Russia, Soviet Union, London, Moscow, Cardiff, Russian, United States, Europe, British, Kensington, Britain, AFP, Windsor
Bernie Sanders wants to make Ozempic cheaper
  + stars: | 2024-03-28 | by ( Geoff Weiss | ) www.businessinsider.com   time to read: +2 min
Sen. Bernie Sanders said the price of Ozempic is "outrageously high." A recent study found that Ozempic can be made for less than $5 per month — but it costs nearly $1,000. AdvertisementSen. Bernie Sanders is outraged by the price of Ozempic — so much that he wants to meet with the CEO of its maker, pharma giant Novo Nordisk, Bloomberg reports. Related stories"A new Yale study found that Ozempic costs less than $5 a month to manufacture," Sanders said in a statement. Novo Nordisk also spent $5 billion on R&D globally in 2023, the company said.
Persons: Sen, Bernie Sanders, , Sanders, Lars Fruergaard Jørgensen, Sanders — Organizations: Novo Nordisk's, Bloomberg, Service, pharma, Novo Nordisk, Health, Education, Labor, Yale, Nordisk Locations: Novo, GLP, Canada, Germany, U.S, America
Yevhenii Zavhorodnii/Global Images Ukraine/Getty ImagesIn Ukraine the air raid alerts are incessant. Kyiv has the best air defense in Ukraine; the country lacks the resources to defend other cities this way. He noted that Ukrainian air defense had done a spectacular job that morning intercepting every single missile launched at Kyiv. The United States has essentially cut off Ukraine, and Ukrainian air defense is quickly running out of ammunition. After we landed back in JFK, we turned off the air raid sound on our phones.
Persons: Amelia Glaser, Marci Shore, Read, Mike Johnson, Vladimir Putin’s, Covid, ” –, Andrii, you’re, Oleksandr Roytburd, Roytburd, Alla Horska, Tymofiy Mylovanov, Amelia, Iya Kiva, Marci, Tetyana Ogarkova, Volodymyr Yermolenko, Putin, Tucker Carlson, Bohdan Khmelnytsky, Carlson, Khmelnytsky, Oleksandr Halenko, Gleb Garanich, texted, , Sergii, , Alina Smutko, Sergii’s, Mark Hamill –, Luke Skywalker, Agiya Zagrebelska, Arad, “ Pessimists, Rob Bauer, ” Bauer, “ I’m, Iaroslava Strikha, beholden, Donald Trump, Johnson, Arseniy Yatsenyuk, ” Putin Organizations: UC San Diego, Yale University, CNN, of Decorative, Applied Arts, Design, Warsaw —, Kyiv School of Economics, KGB, Ukrainian, Fulbright, NATO, National Agency on Corruption, Kyiv Security, United, Kyiv, National, Security Forum Locations: Russia’s, Crimea, Kyiv, New York, JFK, Warsaw, Polish, Chelm, Bucha, Russian, Yevhenii, Ukraine, Sens, Ukrainian, Crimean Tatar, KSE, Muscovy, Russia, Poland, Syria, Murmansk, Kyiv oblast, Austrian, texted, United States
New study details costs of making diabetes drugs
  + stars: | 2024-03-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew study details costs of making diabetes drugsMelissa Barber, Yale School of Medicine, joins 'Fast Money' to discuss the true cost of weight loss drug Ozempic.
Persons: Melissa Barber Organizations: Yale School of Medicine
The forum this year coincided with other efforts to attract foreign business. However, a combination of geopolitical tensions, regulatory uncertainty and slower economic growth have made it more challenging for foreign businesses in China. ... foreign companies share the same lack of confidence and worries about an uncertain future that is felt amongst much of China's domestic industry. Looking for economic clarityFor businesses considering China investment plans, the country's near-term growth outlook is another factor. He emphasized China's large market, industrial supply chain, and pointed out how China has worked on issues such as data exports and equal market treatment for foreign businesses.
Persons: Tim Cook, Management Dean Bai Chong, Xi Jinping, Stephen Schwarzman, Cristiano Amon, Mark Carney, Rajesh Subramaniam, Joe Biden, Carlos Gutierrez, Sean Stein, Gutierrez, Biden, Scott Kennedy, Peter Bachmann, Bachmann, Kennedy, Stephen S, Roach, Yale Law School's Paul Tsai, he's, China's, Han Zheng, Amin H, Nasser Organizations: Apple, China Development Forum, Tsinghua University School of Economics, Management, China News Service, Getty, U.S . Blackstone, Qualcomm, Bloomberg, FedEx, China, Cyberspace Administration, U.S, American Chamber of Commerce, of Commerce, Scott, Scott Kennedy Center for Strategic, Studies, China Centre, University of Applied Sciences, Arts Northwestern Switzerland, Center for Strategic, International Studies, Yale Law, Yale Law School's Paul Tsai China, Communist Party, Invest, CNBC, Aramco Locations: China, BEIJING, U.S, San Francisco, Beijing, Shanghai, Washington ,, Saudi
The blockbuster diabetes drug Ozempic could be manufactured for less than $5 a month, even as Novo Nordisk charges close to $1,000 per month for the injection in the U.S. before insurance, a study released Wednesday suggests. The study also comes after years of political pressure on Novo Nordisk and other drugmakers to slash high costs of diabetes care, especially insulin. Ozempic can generally be produced for less than various forms of insulin, according to the study published in JAMA Network Open. Novo Nordisk's list price for a monthly package of Ozempic is $935.77 before insurance and other rebates. In a statement on Wednesday, Novo Nordisk declined to provide production costs for Ozempic and its weight loss drug counterpart Wegovy.
Organizations: Nordisk, Yale University, King's College Hospital, Novo Nordisk, JAMA, Ozempic, University of Liverpool Locations: U.S, London
The clock seems to tick a little louder as the Ivy League schools — Harvard, Yale, Princeton, Brown, Cornell, Dartmouth, UPenn, and Columbia — all prepare to announce their admissions decisions. Here's what you should do next if you've been accepted, rejected, or waitlisted. You gave everything you had to create a strong application, so it's OK if you need some time and space. The school orchestra and sports teams need the right talent in the right positions. Perhaps less obvious priorities are in place, such as adding rural students to balance the extra-urban students admitted last year.
Persons: Brown, you've Organizations: Service, Ivy League, — Harvard, Yale, Cornell, Dartmouth, Columbia Locations: Princeton, UPenn, Columbia
Stephen Adams, a billionaire whose anonymous $100 million gift to the Yale School of Music granted a tuition-free education to talented students embarking on careers in a capricious profession, died on March 14 at his home in Roxbury, Conn. His death was confirmed by his wife, Denise (Rhea) Adams. Mr. Adams, who graduated from Yale College in 1959, was not a musician himself. In 1999, he marked his class’s 40th-anniversary reunion by donating $10 million to the music school — the largest contribution it had ever received. Six years later, he and his wife surpassed that record when they made their $100 million gift, anonymously.
Persons: Stephen Adams, Denise, Rhea, Adams Organizations: Yale School of Music, Yale College, Wine Spectator Locations: Roxbury, Conn
CNN —Several New England universities and colleges have reached a pinnacle of at least $90,000 for undergraduate tuition and costs starting this fall. The nearly six-figure sums reflect the rising cost of higher education, far outstripping the average inflation for other goods and services. Schmeidel said very few Wellesley students pay the total fee, adding nearly 60% of its students receive financial aid and the average financial aid award is $67,469. Riley added 56% of domestic students received some form of aid for this academic year, with the average financial aid package being $67,000, for an average cost of attendance of $16,000. “Because this is an average, some of the students with greatest demonstrated financial need paid $0, and others paid more,” Riley said.
Persons: trumping Wellesley, , Stacey Schmeidel, Schmeidel, ” Schmeidel, Colin Riley, Riley, ” Riley, Jeremiah Quinlan, , Quinlan, Patrick Collins, Collins, ” Collins, CNN’s Allison Morrow Organizations: CNN, Yale University, Tufts University, Boston University, BU, Wellesley College, Tufts, Wellesley, College, Colleges, of Education, Labor, Yale Locations: New England, Boston
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email47% of CNBC All-America Economic Survey respondents support a TikTok ban or saleCNBC's Steve Liesman, Yale University lecturer Joanne Lipman and NYU's Center For Social Media and Politics co-director Josh Tucker join 'Squawk Box' to discuss the latest results from CNBC's All-America Economic Survey on the fight over TikTok, the impact of a possible forced sale or nationwide ban, and more.
Persons: Steve Liesman, Joanne Lipman, Josh Tucker, TikTok Organizations: CNBC, America Economic, Yale University, NYU's, Social Media, Politics, America Economic Survey
Setting a down payment goalBefore you can set a down payment goal, you first need to figure out how much you'll need for a lender to approve you for a mortgage. Determining the size of down payment neededThe minimum size of your down payment will depend on the loan program you use. Exploring down payment assistance programsDown payment assistance programs can help cover part or all of your down payment. But if you can save up a down payment of at least 20% of the home's purchase price, you'll avoid paying PMI (private mortgage insurance), which can reduce your monthly payment. To save for a down payment, create (and stick to) a budget, reduce unnecessary expenses, increase your income through side jobs, automate your savings, and explore down payment assistance programs.
Persons: You'll, you'll, windfalls, Windfalls Organizations: Netflix, Spotify, Federal Deposit Insurance Corp, PMI Locations: homebuyers, Chevron
When Ms. Peters finally visited a gastroenterologist in 2021, after having her third child and experiencing worsening bleeding from her rectum along with changes in her stool consistency, an urgent colonoscopy confirmed that she had colorectal cancer. Yet “I did not expect that cancer was going to be what they found,” Ms. Peters said. A report published by the American Cancer Society in January suggests that rates of colorectal cancer are rising rapidly among people in their 20s, 30s and 40s — even as incidence is declining in people over the age of 65. “It’s unfortunately becoming a bigger problem every year,” said Dr. Michael Cecchini, a co-director of the colorectal program in the Center for Gastrointestinal Cancers and a medical oncologist at Yale Cancer Center. This increase has moved colorectal cancer up to being the top cause of cancer deaths in men under the age of 50 and the second-leading cause of cancer deaths in women under 50 in the United States.
Persons: Marisa Peters, Peters, , Ms, , Michael Cecchini Organizations: American Cancer Society, Yale Cancer Center Locations: United States
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