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Powdered drink mixes that are widely promoted as “toddler milks” for older babies and children up to age 3 are unregulated, unnecessary and “nutritionally incomplete,” the American Academy of Pediatrics warned Friday. Also, toddler drinks are different than medical formulas prescribed for specific conditions, such as heart disease or problems digesting certain foods. Fuchs and other experts point to the lack of common standards for toddler milks, which means the ingredients vary widely among brands. The group also wants requirements to ensure the products are not linked to regulated infant formula or sold next to formula. A health group petitioned the FDA in 2020 to regulate toddler milks, but the agency is still reviewing the request.

Persons: George Fuchs, Fuchs, milks, ”, Frances Fleming, Milici, “ They’re, Fleming, “ Organizations: American Academy of Pediatrics, U.S . Food, Drug Administration, Rudd Center for Food Policy, Health, University of Connecticut, University of Kentucky, Infant Nutrition Council of America, Abbott Nutrition, Perrigo, AAP, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP

☆ Major US Muslim group moves annual gala after threats at Virginia hotel
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +3 min

The Council on American-Islamic Relations (CAIR) said the Marriott Crystal Gateway hotel (MAR.O) in Arlington, Virginia, which has hosted its gathering for more than 10 years, told the group it had received threats. "Anonymous callers have threatened to plant bombs in the hotel's parking garage, kill specific hotel staff in their homes, and storm the hotel in a repeat of the Jan. 6th attack on the U.S. Capitol if the events moved forward," CAIR said Thursday night. Marriott did not confirm specific threats. "Please join ZOA in calling Marriott to demand that they cancel this dangerous CAIR event," the ZOA said in an "action alert" on Thursday. On Thursday, the U.S. Campaign for Palestinian Rights, a second advocacy group, said the Hilton hotel (HLT.N) in Houston had abruptly canceled its booking for an annual conference on Oct. 27-29.

Persons: Kim Potter, Daunte Wright, Marriott, Greg Abbott, Hilton's, Hilton, Abbott, Joe Biden, Doina Chiacu, Julia Harte, Doyinsola, Chizu Nomiyama, Jonathan Oatis Organizations: National Guard, Minnesota, Islamic, Hennepin County Government Center, Islamic Relations, Marriott Crystal Gateway, U.S, Capitol, Crystal Gateway Marriott, Department, Hamas, Marriott, CAIR, Endowment, Middle East, Zionist Organization of America, U.S . Campaign, Palestinian Rights, Hilton, Texas, Thomson Locations: Hennepin County, Minneapolis , Minnesota, U.S, ARLINGTON , Virginia, Virginia, Arlington , Virginia, United States, Gaza, Israel, Houston, Texas, Illinois, Washington, New York

☆ ‘Toddler milk’ has no nutritional benefits, American Academy of Pediatrics reports
▼ + stars: | 2023-10-20 | by ( Jocelyn Solis-Moreira | ) edition.cnn.com time to read: +6 min

So, when Kelly Henchel’s child was close to reaching toddler age in 1998, she wanted to know more about this new toddler milk product. Toddler milk is not the same as infant milk, Ferry said, nor is it necessary for this age group. Research shows many mothers — especially those of Black and Hispanic populations — believe toddler milk is more nutritious than cow’s milk, according to a May study in Nutrition Reviews. Unlike infant formula, the US Food and Drug Administration does not regulate toddler milk. Additionally, toddler milk products will not be nutritionally complete.

Persons: Kelly Henchel’s, ”, Ferry, Abbott, ” Henchel, George Fuchs, Fuchs, Henchel, “, ” Fuchs, Jocelyn Solis, Moreira Organizations: CNN, Johns Hopkins, American Academy of Pediatrics, Pediatrix, AAP, Abbott Nutrition, World Health Organization, WHO, Nutrition, Public Health Nutrition, US Food and Drug Administration Locations: Florida, New York

☆ Corporate America weighs risks of the Ozempic effect
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +3 min

Walmart (WMT.N) expects revenues from its health and wellness products to increase in the second half of the year, mainly due to the popularity of weight-loss drugs. PepsiCo (PEP.O) Chief Financial Officer Hugh Johnston has said the company is "not seeing any impact" yet from the popularity of weight-loss drugs. Abbott Laboratories (ABT.N), which makes glucose monitoring products, has said that the market was overestimating the impact to its sales from growing popularity of the drugs. Abbott CEO Robert Ford has said that diabetes patients could end up using glucose monitors with the weight-loss drugs in the long term. DRUG DISTRIBUTORSCencora (COR.N), formerly called AmerisourceBergen, Cardinal Health (CAH.N) and McKesson (MCK.N) have flagged potential boost to revenues this year owing to the growing demand for weight-loss drugs.

Persons: George Frey, Eli Lilly's, Hugh Johnston, Johnson, Joseph Wolk, Robert Ford, Bhanvi, Mrigank Organizations: Novo Nordisk, Pharmacy, REUTERS, Walmart, PepsiCo, Abbott Laboratories, Insulet Corp, Cardinal Health, Thomson Locations: Provo , Utah, U.S, Bengaluru

Greg Abbott signed a law this year that removed Harris County's elections administrator and transferred the responsibility to other local officials. Democrats who lead Harris County have acknowledged issues, including limited paper ballot shortages and machine malfunctions, on Election Day last year. Republicans cheered the findings as justification for the new laws that transferred election oversight. Another new law signed by Abbott earlier this year clears the way for Nelson's office to potentially take oversight of Harris County elections. Following the 2020 election, Texas also audited elections in Harris and three other counties, which came after former President Donald Trump falsely claimed the election was stolen and pressured Abbott to review ballots.

Persons: —, Jane Nelson, Harris, Greg Abbott, Teneshia Hudspeth, ” Hudspeth, Nelson, Abbott, Donald Trump Organizations: Democratic, Texas, Republican, Republican Gov Locations: AUSTIN, Texas, Harris County, U.S, Houston, Harris

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. Demand for safe-haven assets sent gold prices to a more than two-month high, up over 1%, while the U.S. dollar also strengthened. Stronger crude prices pushed energy stocks (.SPNY) 1% higher, while industrials (.SPLRCI) and materials (.SPLRCM) led the decline in major S&P 500 sectors. Declining issues outnumbered advancers by a 3.90-to-1 ratio on the NYSE and by a 2.69-to-1 ratio on the Nasdaq. The S&P index recorded 11 new 52-week highs and 14 new lows, while the Nasdaq recorded 20 new highs and 149 new lows.

Persons: Brendan McDermid, Morgan Stanley, Joe Biden, Biden, Treasuries aren't, Brian Jacobsen, homebuilding, Chris Giamo, Morgan Stanley's, New York's John Williams, Christopher Waller, Michelle Bowman, Jerome Powell's, Patrick Harker, Ankika Biswas, Shashwat Chauhan, Sruthi Shankar, Arun Koyyur, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Tuesday United Airlines, Dow, Nasdaq, U.S ., Annex Wealth Management, Federal Reserve, TD Bank, Abbott Laboratories, Consumer, Procter, Gamble, Tesla, Netflix, . Philadelphia Fed, Wall Street Journal, Dow Jones, Nvidia, Biden, China . United Airlines Holdings, NYSE, Thomson Locations: New York City, U.S, Israel, Gaza, New, China, Bengaluru

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 18 (Reuters) - Abbott Laboratories (ABT.N) said the market was overestimating the hit to sales of its glucose monitoring products from growing popularity of new diabetes drugs, adding the treatments could end up boosting sales of the medical device maker. The company's shares have dropped 16% this year, mainly on concerns that new GLP-1 diabetes drugs such as Novo Nordisk's Ozempic and Eli Lilly's Mounjaro could eat into the sales of its continuous glucose monitoring (CGM) devices. Hurdles in health insurance reimbursement and pricing could, however, keep market growth for GLP-1 drugs limited to a small number of patients in the near term, Abbott CEO Robert Ford said on Wednesday. Third-quarter sales of FreeStyle Libre, Abbott's CGM device used by diabetes patients, jumped 30.5% to $1.4 billion, lifting Abbott's shares 3% in morning trade. The numbers helped Abbott's medical device sales that stood at $4.25 billion, beating analysts' estimates of $4.16 billion, according to LSEG data.

Persons: Brendan McDermid, Nordisk's Ozempic, Eli Lilly's, Abbott, Robert Ford, Ford, Vijay Kumar, Pratik Jain, Leroy Leo, Anil D'Silva, Shounak Dasgupta, Shinjini Organizations: Abbott, New York Stock Exchange, REUTERS, Abbott Laboratories, Nordisk's, Thomson Locations: New York City, U.S, GLP, Bengaluru

☆ Morning Bid: US growth topping China as megacaps report
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +5 min

A street sign for Wall Street hangs in front of the New York Stock Exchange May 8, 2013. The combination of high-pressure growth and U.S. crude oil prices back up to their highest in two weeks has re-ignited inflation concerns. And with a 20-year Treasury bond auction also due later in the day, bond markets are back running scared. Two-year Treasury yields hit their highest since 2006 on Tuesday at 5.24% and held most of those gains overnight - while 20-year yields are hovering around 5.2% as well. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Lucas Jackson, Mike Dolan, Joe Biden's, megacaps Tesla, Jerome Powell, China's, Republican Jim Jordan, Morgan Stanley, Kinder Morgan, Elevance, Joe Biden, Christopher Waller, Lisa Cook, Michelle Bowman, John Williams, Patrick Harker, Toby Chopra Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Atlanta, Netflix, Atlanta Fed, Fed, Treasury, Bank of England's, Wall St, Republican, Procter, Gamble, Abbott Laboratories, Northern Trust, Nasdaq, Citizens Financial, US Bancorp, Zions Bancorp, Discover, Lam Research, Alcoa, Steel Dynamics, Federal, New York Fed, Philadelphia Fed, Graphics Retail, Thomson, Reuters Locations: U.S, Gaza, Israel, trepidation, United States, Britain, Wall, Stocks, Asia, Europe, Northern, POPG, Equifax

☆ 'We don't see' weight-loss drugs impacting medical devices' sales, says Abbott CEO Robert Ford
▼ + stars: | 2023-10-18 | by ( ) 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 Email'We don't see' weight-loss drugs impacting medical devices' sales, says Abbott CEO Robert FordRobert Ford, Abbott chairman and CEO, joins 'Closing Bell Overtime' to talk Q3 earnings, the impact of weight loss drugs on their product and more.

Persons: Robert Ford Robert Ford, Abbott

☆ Stocks making the biggest moves midday: United Airlines, Nvidia, Morgan Stanley and more
▼ + stars: | 2023-10-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Late Tuesday, the company posted third-quarter results that fell short of Wall Street's expectations on the top and bottom lines. The company posted third-quarter adjusted earnings of $1.55 per share on adjusted revenue of $1.14 billion. Abbott posted earnings of $1.14 per share, excluding items, beating analysts' estimates by 4 cents a share, according to FactSet. It posted revenue of $2.69 billion, which was not immediately comparable to consensus estimates. It posted revenue of $771.0 million, lower than the consensus estimate of $784.3 million, according to FactSet.

Persons: Morgan Stanley, . Hunt, Gamble — Procter, LSEG, Abbott, Michael Happe, —, Yun Li, Sarah Min, Tanaya, Hakyung Kim, Pia Singh Organizations: United Airlines —, United Airlines, Nvidia, U.S, Citi, Devices, Marvell Technology, Hunt Transport Services, LSEG, Interactive, Procter, Gamble, Abbott, Financial, Citizens Financial, State, FactSet, Winnebago Industries, Winnebago, Bancorp, U.S . Bancorp, Bank of America Locations: Tel Aviv, Israel, China, LSEG, Albemarle —

☆ The top 10 things to watch in the stock market Wednesday
▼ + stars: | 2023-10-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

U.S. stock are under pressure in premarket trading Wednesday, with S & P 500 futures down 0.47%. Revenues at its wealth management division rise 4.6% but fall short of analysts' forecasts, sending shares tumbling by 2.6% in premarket trading. Morgan Stanley reduces its price target to $600 a share, down from $630, while Citi lowers to $575 a share, from $630. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Morgan Stanley, Jefferies, Goldman Sachs, Wells Fargo, Sherwin, Williams, Jim Cramer's, Jim Cramer, Jim Organizations: Treasury, West Texas, Club, Procter, Gamble, Abbott Laboratories, Citi, Nvidia, Visa, Mastercard, Journal, Coterra Energy, Occidental Petroleum, Antero Resources, Starbucks, JPMorgan, Meta, Bank of America, Dow Inc, Huntsman Corp, LyondellBasell Industries, Albemarle, Westlake Corporation, Jim Cramer's Charitable, CNBC Locations: China

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. On the earnings front, consumer goods maker Procter & Gamble (PG.N) edged up 0.2% after its quarterly sales topped market expectations. EV maker Tesla (TSLA.O) and streaming services company Netflix (NFLX.O) are scheduled to report quarterly results after market close. ET, Dow e-minis were down 93 points, or 0.27%, S&P 500 e-minis were down 18.5 points, or 0.42%, and Nasdaq 100 e-minis were down 88.25 points, or 0.58%. Travelers Companies (TRV.N) reported a 14% fall in quarterly profit.

Persons: Brendan McDermid, Joe Biden, Morgan Stanley, New York's John Williams, Governors Christopher Waller, Michelle Bowman, Jerome Powell's, Powell, Patrick Harker, Neel Kashkari, Ankika Biswas, Shashwat Chauhan, Arun Koyyur, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, United Airlines, Dow, Nasdaq, U.S, Chevron, Exxon Mobil, Occidental Petroleum, Treasury, Procter, Gamble, Abbott Laboratories, Tesla, Netflix, Federal Reserve, Governors, Generale, Philadelphia Fed, Wall Street Journal, Minneapolis, Dow e, Nvidia, Biden, China . United Airlines Holdings, Rivals American Airlines, Delta Air Lines, Interactive, Travelers Companies, Thomson Locations: New York City, U.S, United, Gaza, Israel, New, China, Bengaluru

☆ Texas Has Bused 50,000 Migrants. Now It Wants to Arrest Them Instead.
▼ + stars: | 2023-10-18 | by ( J. David Goodman | More About J. David Goodman | ) www.nytimes.com time to read: +1 min

Since last month, when there was a new surge of arrivals, more than 7,700 migrants have traveled from El Paso to Chicago, Denver and New York, according to city data. “About 99 percent of migrants that come to El Paso choose not to stay in El Paso,” Mr. Rodriguez said. And he wanted to make a political point to Democrats who said they would welcome the migrants. Word of the program has spread widely among arriving migrants, said Mr. Chishti, of the Migration Policy Institute, helping to reshape migration pathways. “We know that social networks were abuzz after the New York City busing started,” he said.

Persons: ” Mr, Rodriguez, Pate, Mr, Chishti, ” Organizations: Texas Department of Emergency Management, Migration Policy Institute, New Locations: El Paso, Chicago, Denver, New York, New York City

☆ Abbott profit beats on strong sales of medical devices, diagnostics
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

Abbott Laboratories logo is displayed on a screen at the New York Stock Exchange (NYSE) in New York City, U.S., October 18, 2021. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 18 (Reuters) - Abbott Laboratories (ABT.N) on Wednesday tightened its profit forecast for the year after beating estimates for third-quarter earnings on strong demand for its medical devices and diagnostics products. The company is seeing a recovery in sales of its medical devices such as heart valve devices and pacemakers as more older people opt for surgeries that were put off due to the pandemic. Abbott posted a near 17% rise in quarterly sales of its medical devices to $4.25 billion, beating analysts' estimates of $4.16 billion. Excluding items, Abbott earned $1.14 per share, above analysts' estimates of $1.10 per share, according to LSEG data.

Persons: Brendan McDermid, Abbott, Nordisk's Ozempic, Eli Lilly's, Mounjaro, Pratik Jain, Leroy Leo, Anil D'Silva Organizations: Abbott, New York Stock Exchange, REUTERS, Abbott Laboratories, Libre, Nordisk's, Thomson Locations: New York City, U.S, Bengaluru

☆ Australia's referendum failure could lead to more divisive politics, analysts say
▼ + stars: | 2023-10-15 | by ( Kirsty Needham | ) www.reuters.com time to read: +5 min

[1/2] 'Yes' campaigners drive past voters lining up at a polling booth during The Voice referendum in Queanbeyan, Australia, October 14, 2023. Prime Minister Anthony Albanese misread the public mood, analysts said on Sunday, as he took responsibility for the referendum result, in which only the national capital voted "Yes" from among eight states and territories. Elected in 1996, Albanese saw the failure of the 1999 referendum for Australia to become a republic. Dutton may not try to win back these Teal seats at the next election, Kenny said, adding that almost all of Labor's rural and outer-suburban, working class seats voted "No". Former Liberal Prime Minister Tony Abbott, who will join the board of Fox Corp next month, praised Dutton's "courageous" campaign against the referendum in an interview with Sky News.

Persons: Tracey Nearmy, Anthony Albanese, Albanese, Chris Wallace, Peter Dutton, Dutton, Mark Kenny, Kenny, " Albanese, Bridget McKenzie, Tony Abbott, Dutton's, Abbott, Simon Banks, Hawker Britton, Wallace, Kirsty Needham, Clarence Fernandez Organizations: REUTERS, Rights, First, Aboriginal, First Nations, University of Canberra, Liberal, Australian National University, Labor, Trump, Nationals, university's Australian Studies Institute, Victoria, Sunday, Fox Corp, Sky News, Liberal Party, Thomson Locations: Queanbeyan, Australia, Torres, U.S, New South Wales

☆ This highly profitable industry is booming as the population ages
▼ + stars: | 2023-10-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +10 min

Enteral nutrition is administered through a feeding tube or it can be taken orally. Fresenius owns 32% of Fresenius Medical Center, which saw shares drop on recent news that Ozempic's kidney disease treatment trial showed signs of success. Clinical nutrition is about 20% of group profits and an important subset of its larger specialized nutrition unit, Ackerman said. "Many investors only focus only on their infant formula unit and don't know how big or how profitable clinical nutrition is," he said. "Clinical nutrition is the jewel in Danone's crown and probably the most attractive part of Danone's portfolio, yet is hidden from investors."

Persons: Stefano Natella, — hasn't, Hassan Al, Wakeel, Warren Ackerman, Ackerman, Lindsay Clarke, Enteral, Danone's Nutrison, —, Baxter, Abbott, Sara Hennicken, Fresenius, Nestlé, Mark Schneider, Nestle, — CNBC's Michael Bloom Organizations: Guggenheim, World Health Organization, WHO, Barclays, Danone, Fresenius, Al, Alliance for Aging Research, Aging, CNBC, Nestle, Companies, — Nestle, Nutrition, Fresenius Medical Locations: German, Paris, China, Swiss, United States, parenteral, Latin America

☆ Australia's Referendum Failure Could Lead to More Divisive Politics, Analysts Say
▼ + stars: | 2023-10-14 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +4 min

By Kirsty NeedhamSYDNEY (Reuters) - Australia's decision to deny constitutional recognition to its First Peoples could herald a more divisive "Trump-style" politics at the next national election, while pushing the prime minister to pivot to cost of living issues, some analysts said. Now he is expected to pivot to addressing cost of living issues pressing on voters, which had made it harder to win the referendum, she added. Elected in 1996, Albanese saw the failure of the 1999 referendum for Australia to become a republic. Dutton may not try to win back these Teal seats at the next election, Kenny said, adding that almost all of Labor's rural and outer-suburban, working class seats voted "No". Former Liberal Prime Minister Tony Abbott, who will join the board of Fox Corp next month, praised Dutton's "courageous" campaign against the referendum in an interview with Sky News.

Persons: Kirsty Needham SYDNEY, Anthony Albanese, Albanese, Chris Wallace, Peter Dutton, Dutton, Mark Kenny, Kenny, " Albanese, Bridget McKenzie, Tony Abbott, Dutton's, Abbott, Simon Banks, Hawker Britton, Wallace, Kirsty Needham, Clarence Fernandez Organizations: First, Aboriginal, First Nations, University of Canberra, Liberal, Australian National University, Labor, Trump, Nationals, university's Australian Studies Institute, Victoria, Sunday, Fox Corp, Sky News, Liberal Party Locations: Torres, Australia, U.S, New South Wales

☆ Regional banks are in focus in the week ahead as third-quarter earnings season ramps up
▼ + stars: | 2023-10-13 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Regional banks will be in focus in the week ahead as traders head into the thick of third-quarter earnings season. Regional bank earnings are also expected to be a weak point this season. But a closer look into the sector's sub-industries showed that regional banks are anticipated to have tumbled by 15% last quarter. Traders parsing through regional bank earnings will pay special attention to signs of narrowing net interest margins (NIM). Earnings season underway Many investors anticipate that the third-quarter earnings season will be alright.

Persons: Wells, Kumar, FactSet's John Butters, NIM, They'll, JPMorgan Chase, Jamie Dimon, Goldman Sachs, Morgan Stanley, FactSet's Butters, Nancy Tengler, Lauren Goodwin, we'll, Goodwin, Charles Schwab, Lockheed Martin, Goldman, Zions, Kinder Morgan, Lam, McLennan, Philip Morris, Huntington Bancshares, —, Jesse Pound Organizations: Citigroup, JPMorgan Chase, Sri, Kumar, Silicon Valley Bank, Regional Banking, Dow Jones Industrial, JPMorgan, Hamas, Northern Trust, U.S . Bancorp, T Bank, Citizens Financial, Bank of America, Federal Reserve, Companies, Investments, New York Life Investments, Index, Johnson, Bank of New York Mellon, Goldman Sachs Group, Hunt Transport Services, Omnicom, United Airlines Wednesday, Housing, Elevance, Citizens Financial Group, Procter, Gamble, Abbott Laboratories, Discover Financial Services, Las Vegas Sands, PPG Industries, Steel Dynamics, Tesla, Netflix, Lam Research, Philadelphia Fed, Truist, Alaska Air Group, Fifth Third Bancorp, American Airlines Group, Marsh, Philip Morris International, Union, CSX, Comerica, Regions Financial, American Express, Interpublic, Cos Locations: Wells Fargo, Silicon, Ukraine, Israel, J.B, Las Vegas, Philadelphia, Truist Financial, Union Pacific, Freeport, Huntington

☆ Cramer's week ahead: Keep an eye on banks as earnings season kicks off
▼ + stars: | 2023-10-13 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Friday told investors what to look out for in the coming week as earnings season kicks off. "The war will continue to overshadow earnings season, but if you keep track of these companies and there's a cessation in the conflict, the market will eventually embrace the good ones," he said. Cramer will also be watching earnings from consumer packaged goods company Procter & Gamble and medical device maker Abbott Laboratories . Cramer also noted there was "suboptimal commentary" surrounding Netflix and Tesla , which will report Wednesday after the market closes. Cramer will also be looking at Friday reports from American Express and oil service giant SLB , formerly known as Schlumberger.

Persons: CNBC's Jim Cramer, Charles Schwab, Goldman Sachs, Cramer, Charles Schwab's, Lockheed Martin, Johnson, Morgan Stanley Organizations: Bank of America, Lockheed, United Airlines, Procter, Gamble, Abbott Laboratories, Netflix, Tesla, Union Pacific, American Express Locations: Israel, KeyCorp, Schlumberger

But she isn’t certain that it will be enough, even with her Social Security benefits. Charles Blahous, a former Social Security trustee, said the annual COLA announcement is a reminder about the program's stressed finances. Mary Johnson, Social Security and Medicare policy analyst at the Senior Citizens League, says her organization supports the Social Security Administration using whichever index is higher to best protect older people from inflation. The maximum amount of earnings subject to Social Security payroll taxes for 2023 is $160,200, up from $147,000 in 2022. There have been legislative proposals to shore up Social Security, but they have not made it past committee hearings.

Persons: Karla Abbott, she’s, Charles Blahous, Mary Johnson, Kevin McCarthy, Abbott, Alfred Mason, Mason, Jo Ann Jenkins, ” Johnson, “, ” Organizations: WASHINGTON, Social Security, Bureau of Labor Statistics, Senior Citizens League, Social Security Administration, Security, Social, AARP, Senior Citizens Locations: Sioux Falls , South Dakota, Washington, Louisiana

☆ How is the rise of GLP-1 weight loss drugs affecting market action? Jim Cramer explains
▼ + stars: | 2023-10-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Wednesday explained how GLP-1 drugs are influencing market action. GLP-1 drugs were initially approved to treat diabetes, but many found off-label use to help with weight loss. Popular GLP-1 drugs include Eli Lilly 's Mounjaro and Novo Nordisk 's Wegovy, the latter of which has been approved by the Food and Drug Administration for weight loss management. Even though it seems early to asses the impact of these drugs, they are already affecting stocks, Cramer said. Intuitive Surgical also saw shares slide when executives noted slowed growth in bariatric surgeries last quarter, potentially due to increased use of GLP-1 drugs.

Persons: CNBC's Jim Cramer, there'll, Eli Lilly, Cramer, Abbott Labs —, Lilly's Mounjaro Organizations: Novo Nordisk, Food and Drug Administration, Abbott Labs

REUTERS/Jose Luis Gonzalez/File Photo Acquire Licensing RightsMEXICO CITY, Oct 9 (Reuters) - Mexico on Monday called for the U.S. government to mediate with Texas state authorities to ease inspections for cargo trucks crossing the border, as the country's president accused the Texas governor of "complicating the migration situation." State officials restarted costly, intensive cargo truck inspections last month. Texas Governor Greg Abbott has argued they are needed to stem the flow of migrants and illegal drugs into the country. The measure has held up some $1.9 billion in goods, Mexico's national cargo transport chamber said on Sunday. Along with the state-mandated inspections, cargo has been slowed by the temporary closure of U.S. federal processing at several crossings, Mexico's foreign ministry added.

Persons: Jose Luis Gonzalez, Greg Abbott, Andres Manuel Lopez Obrador, Lopez Obrador, Kylie Madry, Dave Graham, Brendan O'Boyle, Sarah Morland Organizations: U.S . Customs, REUTERS, MEXICO CITY, U.S, Government, Texas Department of Public, ., Texas, Ciudad Juarez, Thomson Locations: U.S, Zaragoza, Ysleta, El Paso, Ciudad Juarez, Mexico, MEXICO, Texas, Mexican, Americas, El Paso , Texas

MEXICO CITY (AP) — Mexico’s president said Tuesday that he rejected a U.S. request to set up migrant transit centers in Mexico. Neighboring Guatemala has set up one such center, where migrants can apply for U.S. work and refugee visas. “We have been looking at setting up sites in Mexico, because they (the United States) have asked for it,” López Obrador said. The centers are part of a larger migratory strategy aimed at reducing the large number of migrants from Latin American and the Caribbean to the United States. The influx of migrants has caused tension between the United States and Mexico.

Persons: —, Andrés Manuel López Obrador, López Obrador, ” López Obrador, “, Greg Abbott’s Organizations: MEXICO CITY, United, Central, Texas Gov, Texas Department of Public Safety Locations: MEXICO, Mexico, Neighboring Guatemala, United States, Palenque, Ecuador, Colombia, Venezuela, El Salvador, Honduras, Guatemala, Haiti, Cuba, Costa Rica, Panama, Belize, Caribbean, Texas, El Paso, Del Rio , Texas

☆ Cramer's Lightning Round: 'I'm moving on' from Herbalife
▼ + stars: | 2023-10-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Spirit AeroSystems' year-to-date stock performance. Stock Chart Icon Stock chart icon CVS's year-to-date stock performance. Stock Chart Icon Stock chart icon Abbott's year-to-date stock performance. Stock Chart Icon Stock chart icon Viking's year-to-date stock performance. Stock Chart Icon Stock chart icon Herbalife's year-to-date stock performance.

Persons: AeroSystems, Abbott, Elon Musk, I'm, I've, Jim Cramer's Organizations: Honeywell, CVS, Elon

☆ As Covid-testing business drops, Abbott searches for new line of business with consumer wearables
▼ + stars: | 2023-10-10 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Abbott Laboratories CEO Robert Ford took the stage at the HLTH conference in Las Vegas on Tuesday to discuss the company's expansion into a new market: consumer wearables. For instance, Abbott produces a continuous glucose monitor (CGM) called FreeStyle Libre that patients can use to manage their diabetes. Abbott's most recent model, the FreeStyle Libre 3, can measure glucose levels in real time for up to 14 days. FreeStyle Libre alone generated more than $1.3 billion in sales for Abbott during its second quarter, according to the company's earnings report. "We always believed that we could take this platform that we developed for diabetes and expand it beyond diabetes," Ford said.

Persons: Robert B, Ford, Robert Ford, Abbott, Covid, Margaret Kaczor Andrew, William Blair, CNBC's Erin Black, Lingo Organizations: Abbott, Libre, wearables Locations: Vegas, Las Vegas , Nevada, Las Vegas, U.S

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