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☆ The big Trump losers: These stocks could have an overhang for a while
▼ + stars: | 2024-11-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Stocks may be in rally mode after former President Donald Trump's election victory, but not every sector is poised to get a lift. Clean energy One potential big loser is solar and clean energy stocks that benefited from tax credits instituted under President Joe Biden 's Inflation Reduction Act. Retailers Along with changes to clean energy, Trump has hinted at tariffs to buoy U.S. producers. The firm also highlighted companies with greater than 20% China exposure, including Crocs and American Eagle Outfitters , as being among potential tariff losers. STZ 1D mountain Constellation Brands falls amid Trump tariff concerns "With a 50% American whiskey tariff, we would expect BFB to pass some cost along to the consumer, which would put additional pressure on volumes," he wrote.

Persons: Donald Trump's, Kamala Harris, Joe Biden, Trump, Goldman Sachs, Brian Lee, Lee, Melanie Nuñez, Cowen's Robert Moskow, Brown, Forman, Bank of America's Joanna Gajuk, Gajuk, bode, Andrew Mok Organizations: NBC News, Dow Jones, Nasdaq, Technologies, Enphase Energy, Bank of America, American Eagle Outfitters, Constellation Brands, Diageo, EU, Consumer, . Hospital, Republican, Bank of America's, Ardent Health Partners, Universal Health Services, HCA Holdings, Barclays Locations: financials, U.S, China, Scotch, Mexico

☆ Why quant giant D.E. Shaw seeks out academics, doctors, and veterans to work at the $60 billion hedge fund
▼ + stars: | 2024-11-05 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +10 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The rotational associates program lets new hires work for different teams in different roles so new employees can get a sense of where they fit best. Academics, doctors, and veteransThe end result is that driven people find their place in the firm, one way or another. Shaw Research, a computational drug discovery company led by Shaw, which put the hedge fund on their radar. Willenken, the doctor of philosophy, appreciated that his role included the parts of academia he enjoyed most without the siloed approach academic research roles typically require.

Persons: Shaw, —, Tim Willenken, hadn't, Gabrielle Wesley, I'd, D.E, David Shaw, Charles Ardai, Jeff Bezos, Jeremy Reff, Reff, Willenken, Don Quixote, Ana Díaz Rivero, Lindsay Temes's, Dr, Omar Ali, Lindsey Temes, Shaw Temes, Pat Tillman, Ali, Díaz Rivero Organizations: BI, Service, Mars, Amazon, Big Tech, Harvard, D.E, undergrad, Air Force, MIT, Pat Tillman Foundation, National Health Service, NHS, Shaw Research Locations: D.E, Mars Wrigley, America, New York, quants, Silicon Valley, Big

☆ How F1 can help engineer the world's net-zero future
▼ + stars: | 2024-11-04 | by ( Chris Hawes | ) www.cnbc.com time to read: +4 min

F1 produced 223,031 metric tons of carbon dioxide equivalent in 2022, with almost 75% coming from travel and shipping. Unlike soccer, which produces more than 30 million metric tons per year by some estimates, F1 has the engineering capabilities to provide solutions. As reported in April, these goals are difficult to square with F1's decision to increase the number of races in its calendar. The final pedal F1 can push is energy efficiency, and teams are already looking for ways to transfer learnings from the track to their infrastructure. "We want to take that approach ... and apply it to the building and infrastructure side of the campus as well."

Persons: Sustainability Kim Wilson, Pat Symonds, We've, Ellen Jones, we've, Sustainability Adam Sammons, Red Bull Organizations: Health Service, McLaren, Sustainability, CNBC, Formula One, EU, petro

☆ Orlando Harris’ family pleaded to have assault rifle seized before Missouri school shooting
▼ + stars: | 2024-11-03 | by ( Associated Press | ) edition.cnn.com time to read: +6 min

AP —Orlando Harris’ family pleaded with Missouri police to confiscate the 19-year-old’s bullet-proof vest, ammunition and AR-15-style rifle. The following August he met with a Washington University psychiatry resident, telling her he thought about shooting people at his old school. Harris’ family grew more concerned on October 15, when two packages from gun and ammunition suppliers arrived. She later drove her brother to a storage facility, which was about 5 miles (8 kilometers) from the high school. She told police she “knew something was going to happen.”On October 24, shots rang out as Harris entered his former high school.

Persons: Orlando Harris ’, Harris, Louis, Harris ’, Noneeka Harris, Tanya Ward, “, ”, wasn’t, Alexzandria Bell, Jean Kuczka, Kuckza, ” Harris ’ Organizations: Missouri, Central Visual Arts, Performing Arts High School, Georgia, Washington University psychiatry, Washington University, Associated Press, FBI, AP, Mental Health Services, Police Locations: Missouri, Lewiston , Maine, St, Charles , Missouri

In states where tensions have long boiled over reproductive rights, family planning experts say women face mounting barriers to getting birth control. In June, Senate Republicans blocked a bill that would have enshrined a national right to birth control into law. States have been left to decide if they will protect access to birth control. The Right Time initiative is part of Michelle Trupiano's work at Missouri Family Health Council that reduces costs and helps Missourians to obtain birth control. She works at a family planning clinic that is benefiting from Title X funding, which means right now, uninsured patients can get birth control through the clinic.

Persons: LOUIS —, Roe, Wade, “, ” Sen, Elizabeth Warren, Joe ”, Glenn Youngkin, ”, Michelle Trupiano, Michelle Trupiano's, Yasmine Salam, Sen, Denny Hoskins, Hoskins, doesn’t, ” Trupiano, ” Hoskins, Maggie Olivia, ” Olivia, “ It’s, Trupiano, Kate Wagner, Wagner Organizations: LOUIS, Republicans, NBC, People, D.C, Guttmacher Institute, Lawmakers, Republican Gov, Missouri Family Health Council, Missouri Family Health, Missouri Republican, NBC News, Healthy Texas Women, Mayo Clinic, Drug Administration, Missouri Foundation, Health, Abortion, Jefferson, Jefferson County Health Department Locations: Missouri, Maryland, South, Washington, Arizona , Iowa, Virginia, Nevada, Texas, U.S, In Missouri, Jefferson County

☆ A first-time NYC marathon runner's special race goal: Advocate for gun violence prevention
▼ + stars: | 2024-11-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Clarettabellamyheadshot.Jpg | Claretta Bellamy | ) www.nbcnews.com time to read: +5 min

But the motivation for his first 26.2 mile race is personal: to advocate for gun violence prevention. Bosley and his family have dedicated their lives to stopping gun violence and helping loved ones of those lost to it. While rates of gun violence in Chicago have decreased in recent years, it’s still an ongoing problem. Data from the Chicago Police Department revealed the city’s gun violence and homicide rates dropped by 13% in 2023 to pre-pandemic levels. With his schedule, busy with his job and gun violence prevention work, he makes time for the long runs that marathon training requires.

Persons: Trevon Bosley, Bosley’s, Vincent Avant, Terrell Bosley —, —, Trevon Bosley “, ” Bosley, “, Bosley, Chicago’s, Joe Biden, ”, Pam, Tim Bosley, it’s, That’s, Terrell Organizations: TCS New York City Marathon, Zion Church, Parkland, Safer Communities, Chicago Police Department Locations: Chicago, Chicago’s West Pullman, Staten Island , New York, New, Parkland , Florida, Illinois, Indiana, “ Indiana

☆ Private job creation totaled a stunning 233,000 in October, far more than expected, ADP says
▼ + stars: | 2024-10-30 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +2 min

ADP said it was the best month for job creation since July 2023. “Even amid hurricane recovery, job growth was strong in October,” ADP chief economist Nela Richardson said. Job creation was strongly concentrated in companies with 500 or more employees, which added 140,000 of the total. The ADP report traditionally tees up the more closely watched nonfarm payrolls count from the Bureau of Labor Services. The BLS report showed private job gains of 223,000 in September and 254,000 total payrolls growth.

Persons: Dow Jones, Nela Richardson, Helene, Milton — Organizations: North Carolina, Boeing, Federal Reserve, Manufacturing, Bureau of Labor Services, ADP, BLS Locations: U.S, Florida, North

☆ UK budget: Britain targets the wealthy as it hikes taxes by $52 billion
▼ + stars: | 2024-10-30 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

“Today, I am restoring stability to our public finances and rebuilding our public services,” Reeves said, arguing that the now-opposition Conservative Party had “failed” Britain, including by inadequately budgeting for required government spending. A black hole in the public finances. Public services on their knees. The government will instead introduce a new tax system for such individuals, raising £12.7 billion ($16.5 billion) over the next five years. The tax hike will eventually raise £25 billion ($33 billion) per year.

Persons: Rachel Reeves, ” Reeves, “, Reeves, Jeremy Hunt’s, Hunt Organizations: London CNN, Labour, Conservative Party, National Health Service, Labour Party, ’ National Insurance Locations: United Kingdom, “, Britain

☆ Argentina: Abortion access is dwindling under President Javier Milei three years after legalization
▼ + stars: | 2024-10-29 | by ( Betiana Fernández Martino | ) edition.cnn.com time to read: +10 min

This is how she came across Amnesty International, an organization that works for the promotion and defense of human rights. María is one of the cases where Amnesty International had to intervene to ensure a safe abortion. People hold green handkerchiefs during a demonstration in support of safe and legal abortion access to mark International Safe Abortion Day, in Buenos Aires, Argentina, September 28, 2023. Similarly, information from health professionals in the Safe Abortion Access Network (RedAAS by its acronym in Spanish) aligns with this. CNN contacted the National Ministry of Health regarding both shortages and the second public information request but did not receive a response.

Persons: María, misoprostol, Javier Milei, Anna Moneymaker, Mariana Nedelcu, Lucila Galkin, Galkin, Silvina Ramos, ”, Ramos, can’t Organizations: CNN, “, Ministry of Health, National Sexual Health, Amnesty, Conservative Political, Gaylord, Amnesty International, American, National Directorate of, Argentina’s Ministry of Health, Galkin, National Ministry of Health Locations: Misiones, Argentina, Posadas, Montecarlo, Eldorado, National Harbor , Maryland, Buenos Aires, Amnesty International Argentina

☆ Israel has banned the UN agency for Palestinian refugees. That could be devastating for millions
▼ + stars: | 2024-10-28 | by ( Nadeen Ebrahim | Salma Arafa | ) edition.cnn.com time to read: +10 min

CNN —Israel’s parliament has voted to ban a nearly eight-decade-old United Nations agency that provides essential services for Palestinian refugees, a move that could have devastating consequences for millions of Palestinians living under Israeli occupation. The move is expected to severely restrict the UN Relief and Works Agency for Palestine Refugees (UNRWA) from operating in territories Israel occupies. In the Gaza Strip, which has been ravaged by a devastating Israeli war for more than a year, UNRWA serves some 1.7 million Palestinian refugees. Omar Al-Qattaa/AFP/Getty ImagesThe agency provides a wide range of aid and services to Palestinian refugees and their descendants, including shelter, healthcare, food and education. It is unclear who would assume assistance for the millions of Palestinian refugees who rely on UNRWA, if it wasn’t able to.

Persons: CNN —, Boaz, Yuli Edelstein, Israel, Antony Blinken, ’, Asma, Omar Al, ”, ” Yulia Malinovsky, Ilia Yefimovich, “, António Guterres, Benjamin Netanyahu, ” Guterres, Guterres, Aida Touma, Suleiman, ” Touma, United Kingdom –, Lloyd Austin, Biden Organizations: CNN, United Nations, UNRWA, UN Relief and Works Agency for Palestine Refugees, Likud, US State Department, UN, Hamas, Israel, West Bank, Getty, Commission, Refugees, UNRWA …, Palestinian, World Health Organization, WHO, UNHCR, US Locations: Israel, Israel …, Gaza, United States, ”, Jordan, Lebanon, Syria, East Jerusalem, Gaza City, AFP, New York, Geneva, Brussels, UNHCR, Jerusalem, El Far’a, Palestinian Territory, Crescent, Israeli, Arab, Canada, Australia, France, Germany, Japan, South Korea, United Kingdom

☆ Tech is the star Friday, and why we'd be buyers of the dip on CrowdStrike
▼ + stars: | 2024-10-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Carahsoft, George Kurtz, We'll, Stanley Black, Decker, Eli Lilly, Eaton, Brian Niccol's, It's, we'll, Jim Cramer's, Jim Organizations: CNBC, ., Nasdaq, Communication, Newmont Corporation, Nucor, Universal Health Services, HCA Healthcare, Bloomberg, Carahsoft Technology, Internal Revenue Service, IRS, Bloomberg News, Microsoft, Club, Nvidia, Devices, GE Healthcare, Nextracker, Linde, Coterra Energy, Starbucks, Federal, Boeing, Jim Cramer's Charitable Locations: U.S, China

☆ Amazon to shut down speedy brick-and-mortar delivery service
▼ + stars: | 2024-10-22 | by ( Annie Palmer | Annie Palmer Is An Associate Tech Reporter For Cnbc. | ) www.nbcnews.com time to read: +3 min

Amazon is shutting down a service that offers same-day delivery from mall and brick-and-mortar retailers, CNBC has learned. Select retail partners will be able to continue fulfilling orders with Amazon Today through Jan. 24, 2025, Amazon told CNBC. The closure of Amazon Today is the latest example of the company’s broader cost-cutting efforts. Launched in 2022, Amazon Today allows retailers who sell on Amazon to offer speedy delivery from their brick-and-mortar stores and shopping malls in select cities. Amazon Today was part of the company’s push to get online purchases to shoppers’ doorsteps at faster speeds.

Persons: Andy Jassy, Jassy, Jeff Bezos, Amazon’s, ’, Kate Hudson, ” Organizations: CNBC, Amazon, Amazon Today, Employees, Flex, ’, Staples Locations: Jan

☆ What is 'pink cocaine'? Explaining the drug cocktail linked to Liam Payne's death
▼ + stars: | 2024-10-22 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

What is pink cocaine? Pink cocaine can also include benzodiazepines, caffeine, hallucinogens, and the street drug bath salts. How does pink cocaine affect someone? Pink cocaine also often includes both depressants and stimulants. Is pink cocaine dangerous?

Persons: Liam Payne, tusi, WebMD, Payne, Alberto Crescenti, “, ” WebMD, Bridget Brennan, —, Sean “ Diddy ” Combs, Brennan, ” Organizations: Capital Poison Center, Telemundo, Sistema, Medica, Emergencia, Argentine, Noticias, Argentina National Prosecutor’s Office, NBC News Locations: Buenos Aires, Payne, New York

☆ Liam Payne reportedly had 'pink cocaine' in his system at time of death
▼ + stars: | 2024-10-22 | by ( Hannah Peart | Hannah Peart Is An Intern In The Nbc News London Bureau. | ) www.nbcnews.com time to read: +3 min

Liam Payne, the former One Direction singer, had multiple drugs in his system when he fell to his death from a hotel balcony in Argentina's capital Buenos Aires, several local and international news outlets have reported. An initial toxicology report revealed the British singer, who died aged 31, had drugs in his system at the time of death including “pink cocaine,” according to a report from ABC News on Monday, which cited sources. Despite its name, law officials say "pink cocaine" rarely has any cocaine in it and the pink comes from food coloring. A memorial for Liam Payne outside Casa Sur Hotel in Buenos Aires on Monday. Liam Payne’s One Direction bandmates said they were “completely devastated” by his death, they said in a statement on the boy band’s Instagram account last Thursday.

Persons: Liam Payne, Bridget Brennan, didn’t, Payne, Tobias Skarlovnik, Alberto Crescenti, “, Christopher Polk, Simon Cowell, Liam Payne’s, Tomlinson, Styles, Malik Organizations: ABC News, Argentine, TMZ, NBC News, NBC, Telemundo, Casa Sur Hotel, Sistema, Medica, Emergencia, Noticias, Argentina National Prosecutor’s, Irish, Getty, Clear Locations: Buenos Aires, British, New York, Casa Sur, Palermo, Argentina

☆ Scotiabank says its 3 biotech 'top pick' stocks have more than 100% upside potential
▼ + stars: | 2024-10-22 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Scotiabank has highlighted three biotechnology companies as its "top picks," each with the potential to more than double in stock price over the next 12 months. The bank's optimism for these companies and the broader biotechnology sector is partly based on anticipated changes in the macroeconomic environment. The investment bank expects shares to rise to $50 over the next 12 months, or 165% from the current share price. RCKT 1Y line Liquidia Corp Scotiabank is optimistic about the company's Yutrepia treatment for pulmonary arterial hypertension, set to launch in May 2025. Scotiabank expects shares to rise by nearly 170% to $30 a share over the next 12 months.

Persons: Greg Harrison, Harrison, LQDA, OCUL Organizations: Scotiabank, Rocket Pharmaceuticals, Liquidia Corp, Rocket Pharmaceuticals Scotiabank, Liquidia Corp Scotiabank, National Health Service

☆ Bank of America's guide to the election and stocks that win under Trump or Harris
▼ + stars: | 2024-10-22 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +7 min

Here are some of the ways Bank of America analysts think the upcoming election results could affect the stock market. Harris presidency, split government A victory for Democratic candidate Kamala Harris in the White House, plus a Republican-controlled Congress, could be "the best outcome" for online media companies, according to Bank of America analyst Justin Post. He noted that Harris is likely to enforce a potential ban on TikTok — which could boost Meta Platforms and Snapchat . Trump president, split government A win for Republican candidate Donald Trump and a split government would be the best-case scenario for bank stocks, per analyst Ebrahim Poonawala. On the other hand, a Trump presidency would be viewed positively by gig-economy companies, including Uber and Lyft, according to analyst Post.

Persons: –, Harris, Kamala Harris, Justin Post, Lorraine Hutchinson, Donald Trump's, —, Athletica, Joanna Gajuk, Gajuk, Jessica Reif Ehrlich, Ehrlich, Jason Kupferberg, Kupferberg, Dick Durbin's, Donald Trump, Ebrahim Poonawala, Poonawala, Republicans —, Dimple, Trump, Uber, Craig Siegenthaler, Siegenthaler, Rafe Jadrosich, Trump's, — CNBC's Michael Bloom Organizations: White, Bank of America, of America, Democratic, Republican, Democrat, Department of Justice, Eagle Outfitters, Urban Outfitters ., Health, Tenet Healthcare, Universal Health Services, Democrats, Agilon, Humana, Big Tech, House, Trump, Republicans, Oscar Health, Centene, GOP, Securities, Exchange, Entertainment, Packaging Corporation of America, American Eagle Outfitters Locations: Hutchinson, U.S, China, Washington

☆ Mental health workers strike against Kaiser Permanente in Southern California
▼ + stars: | 2024-10-21 | by ( Robert Ilich | ) edition.cnn.com time to read: +2 min

CNN —More than 2,000 unionized mental health workers in Southern California went on strike against Kaiser Permanente on Monday after the two sides failed to reach a new labor agreement. The National Union of Healthcare Workers (NUHW) — which represents 19,000 healthcare workers in California and Hawaii, including 4,700 mental health workers — picketed outside Kaiser facilities in Los Angeles, San Diego, Anaheim and Fontana, seeking an increase in salaries, restoration of pensions and increased staffing. Union members on strike in Southern California have said their demands are line in with what Kaiser has provided to the majority of its workforce. Kaiser, one of the nation’s largest non-profit healthcare providers, is required by law to provide mental health services to its members even with the workers on strike. A survey in 2022 from CNN in partnership with the Kaiser Family Foundation showed that nine out of 10 US adults believe the country has a mental health crisis.

Persons: Kaiser, ” Josh Garcia, — Organizations: CNN, Kaiser Permanente, National Union of Healthcare Workers, Fontana, Bureau of Labor Statistics, Kaiser Family Foundation Locations: Southern California, California, Hawaii, Kaiser, Los Angeles, San Diego, Anaheim, Northern California

Several companies due to report next week could get a boost after their earnings results. To separate the wheat from the chaff, CNBC Pro screened FactSet for companies reporting in the coming days that are liked by analysts and also have strong earnings momentum. One bullish analyst is Morgan Stanley's Erik Woodring, who reiterated an overweight rating and $133 price target on Seagate in an Oct. 15 note to clients. Health care stocks Universal Health Services and HCA Healthcare have also seen improved sentiment, as measured by earnings estimates since the Spring. The investment bank maintained its buy rating while increasing its price target on HCA by $75 to $450, implying 8% potential upside from Friday's close.

Persons: Morgan Stanley's Erik Woodring, Woodring, TD Cowen Organizations: CNBC Pro, Seagate Technology, Seagate, Universal Health Services, HCA Healthcare, Analysts, Healthcare, HCA

Liam Payne's One Direction bandmates are "completely devastated" by his death, they said in a statement on the boy band's Instagram account Thursday, one day after Payne's death at an Argentina hotel. Sistema de Atencion Medica de Emergencia (SAME), the emergency health service, said that Payne fell from the balcony in Palermo. Police were called to the hotel for reports of an aggressive man, according to the emergency services agency, which later confirmed Payne's death. The office added that the autopsy findings indicate Payne "could have fallen in a state of semi or total unconsciousness." A number of substances were found in Payne's hotel room, the prosecutor's office said in a statement, which would prove alcohol and drug consumption.

Persons: Liam Payne's, Louis Tomlinson, Zayn Malik, Niall Horan, Harry Styles, Liam, Malik, Payne, Liam Payne, Zane Malik, Louis Tomlinson of, Michael Tran Organizations: Republic Records, Billboard, Nokia Theatre, Sistema, Medica, Police, Telemundo, Argentina National Prosecutor’s, NBC Locations: Argentina, Los Angeles, Palermo, Payne's

☆ Texas 'shaken baby syndrome' execution and One Direction's Liam Payne dies: Morning Rundown
▼ + stars: | 2024-10-17 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +9 min

A Texas inmate is set to die in what would be the nation’s first execution involving “shaken baby syndrome.” One Direction member Liam Payne dies at the age of 31. Prosecutors argued that Nikki must have been shaken to death. Since Roberson’s conviction in 2003, the science behind shaken baby syndrome’s diagnosis has come under intense scrutiny. Also yesterday, a petition with more than 116,000 signatures asking Abbott to stop the execution was delivered to his office. Liam Payne at the "One Direction iHeartRadio Album Release Party" in Burbank, California.

Persons: Liam Payne, Paroles, Greg Abbott, Robert Roberson’s, Abbott, Roberson, Nikki, Lester Holt, I’ve, ”, I’m, Payne, Christopher Polk, Clear Channel Payne, fiancée, Henry, —, Donald Trump, Kamala Harris, JD Vance, Brandy Zadrozny, Harris ’, Harris, “ Donald Trump, “ She’s, wouldn’t, Trump, ➡️, Donald Trump shrugged, ➡️ JD Vance, Ron DeSantis, Scott Perry, Tanya Chutkan, Biden, they’ve, Matthew Cappucci, ” — Evan Bush, optometrist, “ You’re, Elizabeth Robinson Organizations: Texas, Prosecutors, NBC News, Telemundo . Police, Getty, Clear Channel, NBC, Fox News, CNN, Democratic, Fox, GOP, Republicans, ➡️, ➡️ Florida Gov, Democrats, Freedom Caucus, Hurricane Milton, National Hurricane Center, MyRadar, Washington Post Locations: Texas, British, Argentina, Burbank , California, U.S, Ukraine, Univision, North Carolina, ➡️ Florida, Pennsylvania, Fulton County, Georgia, Florida

☆ Eli Lilly to trial use of weight loss drugs to combat unemployment in U.K.
▼ + stars: | 2024-10-16 | by ( Karen Gilchrist | Karen Gilchrist Is A Reporter For Cnbc.Com. | ) www.nbcnews.com time to read: +4 min

LONDON — U.S. pharmaceutical giant Eli Lilly is exploring whether obesity drugs could be used to curb joblessness after signing a major investment deal with the U.K. The weight-loss treatment firm and creator of Zepbound announced Monday that it would commit £279 million ($364 million) to help tackle Britain’s significant health challenges — including obesity. Within that, the five-year trial, conducted in collaboration with Health Innovation Manchester, will also explore how weight-loss drugs impact “participants’ employment status and sick days from work,” the company said in a news release. The use cases for obesity drugs have been growing over recent months, with several drug regulators expanding GLP-1 drug labels for use in treating obesity-related comorbidities and other illnesses. The company said it anticipates making an additional £279 million of new investment into the U.K. over the coming years.

Persons: Eli Lilly, Zepbound, ”, Rachel Batterham, Wes Streeting, Streeting, “ It’s, ” Streeting, Peter Verdault, “, Dr, Dolly van Tulleken, Eli Lilly’s Organizations: LONDON, U.K, of Health, Social, Department for Science, Innovation, Technology, Labour government’s, Investment, National Health Services, Health Innovation, International Medical, British Health, Social Care, Covid, NHS can’t, CNBC, Citi, MRC, University of Cambridge, BBC Radio, Lilly, Labs Locations: Lilly, British, Europe

☆ Novavax says FDA put hold on combination Covid-flu shot and influenza vaccine; shares plunge
▼ + stars: | 2024-10-16 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

Novavax on Wednesday said the Food and Drug Administration has put a hold on its application for a combination shot targeting Covid and influenza and a standalone flu vaccine, sending the company's shares down sharply. A clinical hold is an order issued by the FDA to a manufacturer to delay or suspend a proposed clinical investigation on a drug. Still, it appears to be a setback for the biotech company, which is scrambling to bring new products to market as demand for its Covid vaccine plummets worldwide. Novavax said it was working with the FDA to resolve the clinical hold on its combination shot and standalone flu vaccine. Novavax's shot, meanwhile, fends off the virus with protein-based technology, a decades-old method used in routine vaccinations against hepatitis B and shingles.

Persons: Novavax, Dr, Robert Walker, Novavax's, fends Organizations: Dutch Health Service Organization, Food and Drug Administration, FDA, Public, Pfizer, Moderna, Covid Locations: The Hague, Netherlands

☆ Eli Lilly to trial use of weight loss drugs to combat unemployment in UK
▼ + stars: | 2024-10-15 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +4 min

An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York on March 28, 2024. LONDON — U.S. pharmaceutical giant Eli Lilly is exploring whether obesity drugs could be used to curb joblessness after signing a major investment deal with the U.K. The use cases for obesity drugs have been growing over recent months, with several drug regulators expanding GLP-1 drug labels for use in treating obesity-related comorbidities and other illnesses. Speaking to CNBC last week, Citi pharmaceuticals analyst Peter Verdault said the body of evidence to support increased use of weight-loss drugs "keeps coming." The company said it anticipates making an additional £279 million of new investment into the U.K. over the coming years.

Persons: Eli Lilly, Zepbound, Rachel Batterham, Lilly, Wes Streeting, Covid, Streeting, Peter Verdault, Dolly van Tulleken, Eli Lilly's Organizations: LONDON, U.K, Department of Health, Social, Department for Science, Innovation, Technology, Labour government's, Investment, National Health Services, Health Innovation, International Medical, Social Care, CNBC, Citi, MRC, University of Cambridge, BBC Radio, Lilly Locations: Brooklyn, New York, Europe

☆ UK leader Keir Starmer is marking 100 days in office. It has been a rocky ride
▼ + stars: | 2024-10-13 | by ( ) www.cnbc.com time to read: +5 min

Britain's Prime Minister Keir Starmer gives a media interview while attending the 79th United Nations General Assembly at the United Nations Headquarters in New York, U.S. September 25, 2024. British Prime Minister Keir Starmer marks 100 days in office Saturday with little cause for celebration. Starmer has traveled to Washington, the United Nations and European capitals as he seeks to show that " Britain is back " after years of inward-looking wrangling over Brexit. Reeves has ruled out increasing income tax, sales tax or corporation tax, but also says there will be no "return to austerity" — a hard circle to square. "I don't think people have that much of a sense of what Keir Starmer or indeed Labour is about.

Persons: Keir Starmer, freebies, Tim Bale, Starmer, Taylor Swift, Sue Gray, Morgan McSweeney, Gray, —, McSweeney, Anand Menon, Rachel Reeves, Reeves, Downing, It's, Bale, it's Organizations: Britain's, 79th United Nations General Assembly, United Nations Headquarters, British, Labour Party, Labour, Conservative Party, Queen Mary University of London, Conservative, Health Service, United Nations, Conservatives, Government, Downing, Downing St, BBC Locations: New York, U.S, Rwanda, Washington, United Kingdom, Ukraine, England, Northern Ireland

☆ A 32-year market vet shares 5 labor market indicators showing the US economy is barreling toward a recession — putting an overvalued stock market at risk for major declines
▼ + stars: | 2024-10-12 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

This is while S&P 500 valuations remain high, putting the market at risk for big declines. In a September note, Wolfenbarger shared the below chart from Bank of America showing 19 of 20 valuation measures they monitor as being overvalued. That means the S&P 500 would have to fall 60% just to return to the historical average. But it's still unclear how accurate the September jobs data is. Future revisions and further lackluster jobs data could resume investor fears that a downturn is a serious potential threat.

Persons: Jon Wolfenbarger, —, Merrill Lynch, St, Louis Fed, Wolfenbarger, September's, it's, David Rosenberg Organizations: Service, Federal Reserve, Bureau of Labor Statistics, JPMorgan, Conference Board, Global, Bank of America, Rosenberg Research, Nvidia Locations: St

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