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The three remaining ministers of the Free Democrats resigned in response, leading to the downfall of the government coalition. Scholz is expected to lead the country with a minority government, but the opposition is calling for an immediate no-confidence vote. Tobias Schwarz / AFP - Getty Images fileScholz’s left-leaning Social Democrats will now effectively lead a minority government with the remaining coalition partner, the environmentalist Greens. Lindner’s pro-business Free Democrats had rejected tax increases or changes to Germany’s strict self-imposed limits on running up debt. Scholz’s Social Democrats and the Greens wanted to see major state investment and rejected the Free Democrats’ proposals to cut welfare programs.

Persons: Chancellor Olaf Scholz, Christian Lindner, Scholz, Volker Wissing, Lindner, Frank, Walter Steinmeier, ” Scholz, Olaf Scholz, Tobias Schwarz, Friedrich Merz, Merz, “, ”, ” Merz, Achim Wambach, Donald Trump Organizations: Free Democrats, German Finance, AFP, Getty, Social Democrats, Greens, Christian Democrats, German Bundestag, Scholz’s Social Democrats, Leibniz Center for European Economic Research Locations: Berlin, German, Germany, “, Europe

Weeks after sticky black balls washed up on the famed beaches of Sydney, Australia, scientists say they have partly solved the mystery behind the “disgusting” blobs. Initially thought to be tar balls, the golf-ball-size debris turned out to be something much different — a combination of decomposed cooking oils, hair and food waste, the New South Wales Environment Protection Authority (EPA) said Wednesday. Balls collected for testing in a laboratory at the University of New South Wales in Sydney. They said preliminary test results indicated that the blobs were tar balls formed when oil comes into contact with debris and water. Sydney Water confirmed there were no issues at the Bondi or Malabar water facilities, while Transport for NSW Maritime reviewed recent weather patterns but found no clear answers, according to the statement.

Persons: “, Balls, Jonathan Beve, ”, William Alexander Donald, Donald, we’re, ” Donald Organizations: New South, New South Wales Environment Protection Authority, University of New, Authorities, University of New South Wales Sydney, NBC News, Sydney Water, Transport, NSW Maritime Locations: Sydney, Australia, New South Wales, University of New South Wales, Bondi, University of New South, Victoria, Malabar

☆ Police hunt 40 monkeys that escaped from a South Carolina research facility
▼ + stars: | 2024-11-07 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +1 min

A police search is underway after 40 monkeys escaped from a research facility in South Carolina on Wednesday night. Police in Yemassee, Beaufort County, said the animals escaped from Alpha Genesis, a business that provides "nonhuman primate products and bio-research services," according to its website. It is also not known what trials the escaped monkeys were taking part in, nor whether they were exposed to any diseases. Alpha Genesis did not immediately respond to an overnight request for comment from NBC News. In 2022, three monkeys escaped following a traffic accident in rural Pennsylvania.

Persons: Alpha Genesis Organizations: Police, Alpha Genesis, “, Sheriff’s, Alpha, NBC News, Courier Locations: South Carolina, Yemassee, Beaufort County, United States, Pennsylvania

ET Wednesday showed large gender gaps for the candidates: Among men, who made up 47% of the electorate, Harris won 42% of the vote and Trump won 55%. Among women, who made up 53% of the electorate, 53% voted for Harris and 45% for Trump. Broken down by race and education, the gender gap showed even wider splits in some cases: An overwhelming 91% of Black women voted for Harris vs. 7% who voted for Trump, and 57% of college-educated white women voted for Harris vs. 41% who voted for Trump. But among white female non-college graduates, only 35% voted for Harris vs. 63% who voted for Trump. But just 14% of voters said abortion mattered the most to their votes when they were asked to choose out of five issues.

Persons: Harris, Trump, ”, Jeff Horwitt, Bill McInturff, —, Walsh, Hillary Clinton, Biden Organizations: NBC, Trump, Democratic, Hart Research, Republican Locations: Trump

☆ Affirm beats on top and bottom lines
▼ + stars: | 2024-11-07 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Affirm , the provider of buy now, pay later loans reported better-than-expected fiscal first-quarter results. Revenue less transaction costs (RLTC) came in at $285 million, ahead of earlier guidance of $265 million to $280 million. Affirm said it expects to achieve profitability on a GAAP basis in its fiscal fourth quarter of 2025. Affirm is guiding to GMV in the range of $9.35 billion to $9.75 billion. In June, Affirm and Apple announced plans for U.S. Apple Pay users on iPhones and iPads to be able to apply for loans directly through Affirm.

Persons: Max Levchin, StreetAccount, Kevin Kennedy, Kennedy, —, Robert Hum Organizations: Revenue, Apple, U.S Locations: LSEG

☆ See the 95 executives Goldman Sachs tapped to join its exclusive partnership — a record high under David Solomon
▼ + stars: | 2024-11-07 | by ( Reed Alexander | ) www.businessinsider.com time to read: +11 min

Goldman Sachs on Thursday promoted 95 executives to its partnership. AdvertisementDavid Solomon, CEO of Goldman Sachs. The average tenure of the partner class is 16 years at Goldman Sachs. Marine Abiad, Global Banking & Markets, ParisBenny Adler, Global Banking & Markets, New YorkAdvertisementShahzad Ali, Controllers, New YorkAsh Ang, Global Banking & Markets, SingaporeLucia Arienti, Global Banking & Markets, LondonMatthew Armas, Asset & Wealth Management, New YorkAdvertisementPatrick Armstrong, Asset & Wealth Management, New YorkSebastian Ayton, Global Banking & Markets, ParisAmitayush Bahri, Asset & Wealth Management, LondonRob Barlick Jr, Asset & Wealth Management, MiamiAdvertisementDavid Bear, Global Banking & Markets, New YorkAmanda Beisel, Controllers, New YorkJeff Bernstein, Asset & Wealth Management, New YorkLyla Bibi, Global Banking & Markets, New YorkAdvertisementAnne Bizien, Global Banking & Markets, ParisTristan Blood, Asset & Wealth Management, LondonBrittany Boals Moeller, Asset & Wealth Management, AtlantaMarc Boheim, Asset & Wealth Management, LondonAdvertisementChris Bonner, Global Banking & Markets, New YorkKevin Boova, Global Banking & Markets, New YorkRelated storiesOonagh Bradley, Compliance, LondonTimothy Braude, Asset & Wealth Management, New YorkAdvertisementSteven Budig, Asset & Wealth Management, New YorkJacqueline Cassidy, Global Banking & Markets, New YorkSorubh Chandani, Asset & Wealth Management, New YorkPamela Codo-Lotti, Global Banking & Markets, New YorkAdvertisementBracha Cohen, Asset & Wealth Management, New YorkShaun Cullinan, Asset & Wealth Management, New YorkMarc d'Andlau, Global Banking & Markets, ParisAdam Davis, Global Banking & Markets, New YorkAdvertisementMatthew Doherty, Asset & Wealth Management, New YorkJason Eisenstadt, Global Banking & Markets, New YorkAshley Everett, Global Banking & Markets, New YorkAlex Finston, Global Banking & Markets, New YorkAdvertisementAlison Flood, Global Banking & Markets, New YorkArvind Giridhar, Global Banking & Markets, New YorkAshwin Gupta, Asset & Wealth Management, New YorkSonia Gupta, Global Banking & Markets, San FranciscoAdvertisementTerry Hagerty, Global Banking & Markets, New YorkRobert Hamilton Kelly, Asset & Wealth Management, West Palm BeachAxel Hoefer, Global Banking & Markets, FrankfurtDylan Hogarty, Global Banking & Markets, New YorkAdvertisementTim Holliday, Corporate Treasury, LondonKazuya Iketani, Global Banking & Markets, TokyoSumedh Jaiswal, Global Banking & Markets, LondonKyle Jessen, Global Banking & Markets, San FranciscoAdvertisementLotfi Karoui, Global Investment Research, New YorkFeroz Khosla, Global Banking & Markets, New YorkLarry Kleinman, Tax, New YorkJared Klyman, Asset & Wealth Management, New YorkAdvertisementDaniel Korich, Global Banking & Markets, New YorkRebecca Kruger, Global Banking & Markets, New YorkKosuke Kurosawa, Global Banking & Markets, TokyoShane Lee, Global Banking & Markets, CalgaryAdvertisementMichael Leister, Global Banking & Markets, New YorkMatthew Leskowitz, Global Banking & Markets, New YorkHilary Lopez, Asset & Wealth Management, LondonCedric Lucas, Asset & Wealth Management, New YorkAdvertisementMazen Makarem, Global Banking & Markets, New YorkMatthew Mason, Global Banking & Markets, Hong KongJans Meckel, Global Banking & Markets, ParisPatrick Moran, Legal, New YorkAdvertisementLeonie Morel, Global Banking & Markets, LondonJohn O'Connor, Global Banking & Markets, New YorkSteve Orr, Global Banking & Markets, New YorkLeke Osinubi, Engineering Division, New YorkAdvertisementElizabeth Overbay, Platform Solutions, New YorkJonathan Perry, Engineering Division, LondonThomas Plank, Global Banking & Markets, SingaporeCaitlin Pollak, Global Banking & Markets, New YorkAdvertisementLing Pong, Asset & Wealth Management, Hong KongJoe Porter, Global Banking & Markets, San FranciscoVishaal Rana, Global Banking & Markets, New YorkAlexandre Reinert, Global Banking & Markets, Hong KongAdvertisementMonique Rollins, Corporate Treasury, New YorkMarcos Rosenberg, Asset & Wealth Management, RichardsonMarc Schaffer, Global Banking & Markets, New YorkJan Scheffel, Global Banking & Markets, LondonAdvertisementRahul Sharma, Engineering Division, Menlo ParkEric Sheridan, Global Investment Research, New YorkSalil Sheth, Global Banking & Markets, New YorkJonathan Shugar, Global Banking & Markets, New YorkAdvertisementAlyson Shupe, Asset & Wealth Management, New YorkAaron Siegel, Global Banking & Markets, New YorkAdam Siegler, Global Banking & Markets, New YorkCraig Smart, Global Banking & Markets, New YorkAdvertisementAndre Souza, Global Banking & Markets, LondonThom Spoto, Asset & Wealth Management, West Palm BeachLesley Steele, Risk, LondonTeppei Takanabe, Global Banking & Markets, TokyoAdvertisementLaura van Alkemade, Global Banking & Markets, LondonDennis Walsh, Asset & Wealth Management, New YorkAlexandra Wilson-Elizondo, Asset & Wealth Management, New YorkSylvia Yeh, Asset & Wealth Management, New

Persons: Goldman Sachs, David Solomon, —, Solomon, John Waldron, Goldman, Michael Kovac, Beth Hammack, Stephanie Cohen, Katie Koch, Paris Benny Adler, Shahzad Ali, York Ash Ang, Singapore Lucia Arienti, London Matthew Armas, Patrick Armstrong, New York Sebastian Ayton, Paris Amitayush, London Rob Barlick Jr, David Bear, New York Amanda Beisel, Jeff Bernstein, New York Lyla Bibi, Anne Bizien, Tristan Blood, London Brittany Boals Moeller, Atlanta Marc Boheim, Chris Bonner, New York Kevin Boova, Oonagh Bradley, Timothy Braude, Steven Budig, Jacqueline Cassidy, New York Sorubh, New York Pamela Codo, Bracha Cohen, Shaun Cullinan, New York Marc d'Andlau, Paris Adam Davis, Matthew Doherty, New York Jason Eisenstadt, New York Ashley Everett, New York Alex Finston, Alison Flood, New York Arvind Giridhar, Ashwin Gupta, New York Sonia Gupta, Terry Hagerty, New York Robert Hamilton Kelly, Beach Axel Hoefer, Frankfurt Dylan Hogarty, Tim Holliday, London Kazuya Iketani, Kyle Jessen, Lotfi, New York Feroz Khosla, New York Larry Kleinman, New York Jared Klyman, Daniel Korich, New York Rebecca Kruger, New York Kosuke Kurosawa, Tokyo Shane Lee, Michael Leister, New York Matthew Leskowitz, New York Hilary Lopez, London Cedric Lucas, Mazen, New York Matthew Mason, Hong Kong Jans, Paris Patrick Moran, Leonie Morel, London John O'Connor, Steve Orr, New York Leke, Elizabeth Overbay, New York Jonathan Perry, Thomas Plank, Singapore Caitlin Pollak, Ling, Hong Kong Joe Porter, San Francisco Vishaal Rana, New York Alexandre Reinert, Monique Rollins, New York Marcos Rosenberg, Richardson Marc Schaffer, New York Jan Scheffel, Rahul Sharma, Eric Sheridan, New York Salil, New York Jonathan Shugar, Alyson, Aaron Siegel, New York Adam Siegler, New York Craig Smart, Andre Souza, London Thom Spoto, Palm Beach Lesley Steele, Laura van Alkemade, London Dennis Walsh, New York Alexandra Wilson, New York Sylvia Yeh, Piotr Zurawski, Emmalyse Brownstein, Reed Alexander Organizations: Service, Goldman, Business, Wall Street, Global Banking, Markets, Paris, New, Wealth Management, Asset, London, Atlanta, Compliance, San, Beach, Frankfurt, Corporate Treasury, Global Investment Research, Hong, Engineering Division, Solutions, Engineering, Menlo, Palm Beach Locations: Wall, New York, York, Singapore, London, Paris, Paris Amitayush Bahri, Miami, New, San Francisco, Tokyo, Calgary, Hong Kong

☆ The Federal Reserve cuts interest rates by a quarter point after election. Here's what that means for you
▼ + stars: | 2024-11-07 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

Mortgage ratesHousing affordability has been a major issue due in part to a sharp rise in mortgage rates since the pandemic. Trump has said he'll bring down mortgage rates — even though 15- and 30-year mortgage rates are fixed, and tied to Treasury yields and the economy. Mortgage rates are unlikely to fall significantly, given the current climate, explained Jacob Channel, senior economist at LendingTree. Federal student loan rates are fixed, so most borrowers won't be immediately affected. But refinancing a federal loan into a private student loan will forgo the safety nets that come with federal loans, such as deferments, forbearances, income-driven repayment and loan forgiveness and discharge options.

Persons: Joshua Roberts, Matt Schulz, Trump, Jessica Caldwell, Edmunds, Trump's, Caldwell, Michele Raneri, Jacob Channel, Mark Kantrowitz Organizations: Federal, Reuters, Auto, Fed, Treasury, TransUnion, Mortgage, Association . Locations: Washington ,, Edmunds, U.S

☆ FDA proposes ending use of decongestant found in many cold, allergy medicines
▼ + stars: | 2024-11-07 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

The Food and Drug Administration on Thursday proposed ending the use of a common ingredient found in many popular over-the-counter cold and allergy medications. The agency said an extensive review of available data determined that the ingredient, oral phenylephrine, doesn't actually relieve nasal congestion. The FDA said the proposed order is not based on safety concerns and not final yet, which means companies can still market over-the-counter drugs containing oral phenylephrine for now. Last year, CVS said it has already moved to pull certain medicines containing oral phenylephrine. The designation, typically used for older medicines, allows drugmakers to include an ingredient in over-the-counter products without the need to file an FDA application.

Persons: doesn't, Patrizia Cavazzoni, Johnson, Kenvue, Phenylephrine, Pseudoephedrine Organizations: Drug Administration, FDA, FDA's Center, Drug, Research, CVS, Procter, Gamble, Bayer, Walgreens, University of Florida, Consumer Healthcare Products Association Locations: Hawthorne , California, U.S

☆ Capital gains tax hikes 'entirely off the table' under President-elect Trump, Republican Congress, economist says
▼ + stars: | 2024-11-07 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Long-term capital gains rates apply to assets owned for more than one year. Higher capital gains tax rates, however, are "entirely off the table," under a Trump presidency and Republican-controlled Congress, said Erica York, senior economist and research manager with the Tax Foundation's Center for Federal Tax Policy. Even with partial Republican control, "it's most likely that capital gains tax policy just stays put where it is," York explained. For 2024, investors pay long-term capital gains rates of 0%, 15% or 20%, depending on taxable income. Combined with long-term capital gains taxes, higher earners currently pay up to 23.8% on investments.

Persons: Donald Trump, Jim Watson, Donald Trump's, Kamala Harris, Harris, Joe Biden's, Erica York, York, Howard Gleckman Organizations: U.S, Republican, Afp, Getty, Trump, Tax, Center, Federal Tax Policy, Republicans, Representatives, White, Urban, Brookings Tax Locations: Palm Beach

☆ What Trump's win means for retail giants like Walmart, Target, and Costco
▼ + stars: | 2024-11-07 | by ( Dominick Reuter | Nora Redmond | ) www.businessinsider.com time to read: +7 min

Trump's second term likely means changes are on the way that will impact retailers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDonald Trump's return to the White House is likely to usher in sweeping changes that will impact retailers like Walmart, Target, and Costco — ranging from new tariffs to tax cuts and a new regulatory environment. Trump's campaign promises, along with his prior term record, offer some insights into what major retailers can expect from his second term. Advertisement"That's actually very unhelpful for a lot of retailers, especially in areas like technology, which a lot of retailers are involved," he said.

Persons: —, Donald Trump's, Donald Trump, Neil Saunders, it's, John David Rainey, Trump, Chris Walton, Walton, Jonathan Gold, Johns, Tinglong Dai, Saunders, He's, Lina Khan Organizations: Service, Walmart, Target, Costco, TractorTractor, Dick's Sporting Goods, Data, Omni, National Retail Federation, Trump, Pew Research, Federal, FTC, Kroger, Albertsons, Republican Locations: China, Johns Hopkins, Washington

☆ What Trump's win could mean for student loan forgiveness
▼ + stars: | 2024-11-07 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

St. Louis-based U.S. District Judge Matthew Schelp, a Trump appointee, issued the latest preliminary injunction against Biden's revised student loan forgiveness plan. Student loan forgiveness likely to dry up under TrumpU.S. President Joe Biden speaks as he announces a new plan for federal student loan relief during a visit to Madison Area Technical College Truax Campus, in Madison, Wisconsin, U.S, April 8, 2024. Kevin Lamarque | ReutersBiden has forgiven more federal student debt than any other president. It has done so mostly by improving existing student loan relief programs that had long been plagued by problems. "The Biden administration has been making periodic announcements about loan forgiveness," Kantrowitz said.

Persons: Donald Trump, Trump's, Trump, Mark Kantrowitz, Joe Biden's, Biden, Matthew Schelp, Biden's, Kantrowitz, Joe Biden, Kevin Lamarque, Reuters Biden, George W, Bush, Mike Pierce, Mario Tama Organizations: U.S . Department, Trump, Biden, District, Center for American, Congressional Research Service, Trump U.S, Madison Area Technical, Truax, Reuters, Education Department, Public, Senate, Protection Center, University of Southern, USC, Getty Locations: Racine , Wisconsin, Louis, U.S, Madison , Wisconsin, University of Southern California, Los Angeles , California

☆ Reconstruction reveals face of a 17th century ‘vampire’ in Poland
▼ + stars: | 2024-11-07 | by ( Katie Hunt | ) edition.cnn.com time to read: +7 min

The striking 3D reconstruction of Zosia, as locals nicknamed her, sheds light on the human found in the grisly grave. Archaeologist Dariusz Poliński, who led the team that unearthed Zosia’s remains, said it was a “mind-blowing” moment when he saw the reconstruction by Swedish forensic artist Oscar Nilsson for the first time. During the course of the 17th century, Poland and Sweden fought a series of wars, so Zosia could have been an outsider within her community. “Maybe because of some misfortune or the death of somebody else, they decided to open the grave,” Poliński suggested. A year after discovering Zosia’s grave, the same team found a child’s remains buried in an unusual way.

Persons: Dariusz Poliński, Oscar Nilsson, ”, Poliński, Nilsson, “ I’m, “, Zosia, ” Poliński, Martyn Rady, Rady, ’, Habsburg Organizations: CNN, Nicolaus Copernicus University, Caravan Media, PBS, Masaryk, Central, University College London Locations: Poland, Toruń, Scandinavia, Sweden, Europe, Swedish, feasted, Austrian, Pień, Dąbrowa

☆ Starbucks and Luckin are in a fight for the global coffee market. I visited both to see how they stack up on price, menu, and vibe.
▼ + stars: | 2024-11-07 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +8 min

Luckin Coffee, which has put up a strong fight against Starbucks in Asia, is looking to the US. The chain is known for its aggressive deals, unusual flavors like a Big Cheese coffee drink, and mobile ordering. Luckin versus StarbucksI started at Luckin Coffee. Aditi BharadeThe most expensive drink on the menu was an Iced Oat Shakerato listed for 8 Singapore dollars, or $6. Representatives for Luckin Coffee didn't respond to a request for comment from BI for this story.

Persons: —, Brian Niccol, Niccol, Luckin, Aditi Bharade, Rachel Ruggeri, Ruggeri, It's, David Yu, Jiang, it's, Tiruchelvam, Yu Organizations: Starbucks, Service, Business District, Staff, Singapore, Luckin, BI, Bros, NYU, Aletheia Capital Locations: Asia, China, Singapore, Beijing, United States

☆ Beyond ASML: Goldman reveals its refreshed list of top European stocks — giving one 50% upside
▼ + stars: | 2024-11-07 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

ASML's net bookings for the third quarter were 2.6 billion euros ($2.79 billion), below the 5.6 billion euros penciled in by Wall Street analysts. ASML expects net sales for 2025 to come in at the lower of half of the 30 billion euros and 35 billion euros range it previously predicted. Coca-Cola HBC Goldman is betting on Coca-Cola HBC, also known as CCH, given its solid top-lines and strong margin uplift. This phenomenon — coupled with an improving product pipeline across brands — has pushed analyst Richard Edwards to an "above consensus view" on JD's LFL (like-for-like) sales growth. Edwards also expects space expansion and acquisitions to contribute to an average 10% sales growth from 2025 to 2027, above the consensus average of 7%.

Persons: ASML, Goldman Sachs, Goldman, Cola HBC Goldman, Olivier Nicolai, Richard Edwards, Edwards, — CNBC's Michael Bloom Organizations: Wall Street, ASML, Heineken, Philips, Cola HBC, Hellenic Bottling Company, JD Sports, Coca, CCH, London Stock Exchange, — Locations: U.S, British

☆ Why brain aging can vary dramatically between people
▼ + stars: | 2024-11-07 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +6 min

Yet some adult lifestyle factors still appeared to be linked with improved cognitive performance and slower aging of the brain. “We are now looking into whether different constellations of brain ageing features are driven by particular subsets of risk factors.”As a researcher of the aging brain, Dr. Richard Isaacson said, the new paper spoke to him. There is a robust body of research on key differences in lifestyle that may contribute to differences in an aging brain. Adding a heart-healthy diet to your routine also can help slow brain aging and reduce dementia risk. “Those things may not exactly cause Alzheimer’s, but it can fast forward cognitive aging and fast forward cognitive decline.

Persons: ” Simon Cox, “, ” Cox, ”, Richard Isaacson, Isaacson, Dr, Sanjay Gupta Organizations: CNN —, Genomic Press, BMI, University of Edinburgh, CNN, CNN Health Locations: York, Lothian, Scotland, Florida

☆ Moderna posts surprise profit as Covid vaccine sales impress, cost cuts take hold
▼ + stars: | 2024-11-07 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +5 min

Moderna on Thursday posted a surprise profit for the third quarter, smashing Wall Street estimates, as its cost-cutting efforts took hold and sales of its Covid vaccine came in higher than expected. Before year end, the company plans to file for approval of its experimental "next-generation" Covid vaccine and combination shot targeting Covid and the flu. Moderna this year also expects to apply for expanded approval of its RSV vaccine, targeting high-risk adults ages 18 to 59. "I think the earlier launch and a steeper ramp drove a much higher sales number" for the Covid vaccine, Moderna CEO Stéphane Bancel said in an interview. Analysts had expected sales of $132 million for the RSV vaccine, according to estimates compiled by StreetAccount.

Persons: Moderna, Stéphane Bancel, Bancel, StreetAccount, mull Organizations: Moderna, LSEG, Merck, Research Locations: U.S, Union, Norway, Iceland, Qatar, Europe

☆ The odds of Russia's economy collapsing are 'extremely small' and the war can go on for the long term, economist says
▼ + stars: | 2024-11-07 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Russia's war economy ins't in imminent danger of collapse, economist Vladislav Inozemstev said. AdvertisementRussia may stand a better chance at sustaining its war economy than previously thought. "The people realize that the 'war economy' has substituted the anemic economic condition of the 2010s." Inozemstev said he expected Russia's economy to continue to grow in 2025 and beyond, forecasting 2%-2.5% GDP growth next year. The International Monetary Fund has said it is expecting Russia's economy to expand by 3.6% in 2024.

Persons: Vladislav Inozemstev, —, Inozemstev Organizations: Service, Middle East Media Research Institute, Kremlin, Monetary Fund Locations: Russia, Russian, Soviet Union

☆ Tom Lee makes the case for a year-end rally
▼ + stars: | 2024-11-07 | 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 EmailTom Lee makes the case for a year-end rallyTom Lee, Fundstrat Global Advisors managing partner and head of research, joins CNBC's 'Halftime Report' to discuss his case for the year-end rally.

Persons: Tom Lee Organizations: Fundstrat Global Advisors

☆ More young people are getting colorectal cancer. Being active at these times of day could lower the risk.
▼ + stars: | 2024-11-07 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

Exercising at specific times of day could lower colorectal cancer risk, a new study found. Colorectal cancer rates have fallen since the '80s, but have risen in under-55s by 1 to 2% yearly since the mid-'90s. Previous studies have found that people who exercise regularly have a lower colorectal cancer risk than those who don't. After five years, 529 of the participants were diagnosed with colorectal cancer, also known as bowel cancer. "Every movement counts for reducing colorectal cancer risk, meaning that doing any amount of physical activity is better than none," Orange said.

Persons: —, Michael Leitzmann, Sam Orange, It's, Michael Shusterman, NYU Langone's Organizations: Service, BMC Medicine, University of Regensburg, University of Newcastle, International, of Cancer, American Cancer Society, Society, NYU, NYU Langone's Perlmutter Cancer Center Locations: Germany, UK, Long

☆ Germany appoints new finance minister as pressure for quick snap elections mounts
▼ + stars: | 2024-11-07 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Olaf Scholz, Germany's chancellor, right, speaks with aide Joerg Kukies at the COP27 climate conference at the Sharm El Sheikh International Convention Centre in Sharm El-Sheikh, Egypt, on Monday, Nov. 7, 2022. Jörg Kukies was appointed as Germany's new finance minister on Thursday, as pressure mounts on Chancellor Olaf Scholz to call for a confidence vote and trigger snap elections after the dissolution of his ruling three-way coalition. Kukies replaces Christian Lindner, whom Scholz sacked on late Wednesday, citing the need to protect Germany from economic damage. Germany's Minister for Digital and Transport Volker Wissing — who was also a party member — said in a statement to the press that he would stay on in his role, but leave the FDP. On Thursday, Steinmeier announced that, in addition to his previous role, Wissing will also take over as justice minister.

Persons: Olaf Scholz, Germany's, Joerg Kukies, Jörg Kukies, Kukies, Christian Lindner, Scholz, Lindner, Lindner's, Frank, Walter Steinmeier, Transport Volker Wissing —, —, Steinmeier, Wissing Organizations: Sharm El Sheikh International Convention, Green, Germany's, Digital, Transport Locations: Sharm, Sharm El, Sheikh, Egypt, Germany

☆ How Elon Musk stands to cash in on Trump's presidential victory
▼ + stars: | 2024-11-07 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +10 min

Jim Watson | Afp | Getty ImagesAs Donald Trump celebrated his presidential victory early Wednesday morning, Elon Musk was right there with him. Elon," Trump said onstage at his Mar-a-Lago resort, thanking the world's richest person for spending two weeks campaigning in Pennsylvania. Musk's investment in Trump is already paying off, even though Trump doesn't take office until Jan. 20. Musk was introduced by Cantor Fitzgerald CEO Howard Lutnick, who called the Tesla CEO the "greatest capitalist" in U.S. history. Having a role in a bespoke commission could give Musk power over federal agencies' budgets, staffing and the ability to push for the elimination of inconvenient regulations.

Persons: Elon Musk, Donald Trump, Jim Watson, Elon, Trump, Musk's SpaceX, Musk, surrogates, Tony, Cantor Fitzgerald, Howard Lutnick, Lutnick, Biden, Tesla, Sergio Flores, Geoff Orazem, Orazem, Vladimir Putin, Xi Jinping, Bill Nelson, Putin, Tenet, JD Vance Organizations: Republican, Afp, Getty, Trump, U.S, Tesla, SpaceX, Twitter, Department of Government, SEC, Environmental Protection Agency, Federal Aviation Administration, IRS, Microsoft, Meta, U.S . Army, National Security Agency, FedScout, NASA, U.S . Air Force, Space Force, Federal Emergency Management Agency, National Labor Relations Board, Street Journal, NBC News, Tenet Media, Department of Justice, Putin, Kremlin, PAC Locations: Butler , Pennsylvania, Lago, Pennsylvania, China, Hurricane, New, Puerto Rico, Meta, U.S, Taiwan, Russian, Ukraine

☆ Economic upheaval and political opportunity – what Trump’s return could mean for China
▼ + stars: | 2024-11-07 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

“Trump’s return to power will certainly bring greater opportunities and greater risks for China,” said Shen Dingli, a foreign policy analyst in Shanghai. AFP/Getty ImagesChallenges and opportunitiesBut Trump’s “America First” agenda and transactional worldview may also play in Beijing’s favor, experts say. “Although Beijing is deeply concerned about the unpredictability of Trump’s China policy, it reminds itself that challenges also bring opportunities,” said Tong Zhao, senior fellow at the Carnegie Endowment for International Peace. “If the US and Russia ease relations, it could create greater daylight between Russia and China, effectively driving a wedge between them.” Liu said. “From everything he has said, it’s clear that Trump considers China, not Russia, as the main adversary.”

Persons: Donald Trump, “, ”, Shen Dingli, Xi Jinping, Trump, Xi, “ Trump, Liu Dongshu, Jim Watson, Larry Hu, Kamala Harris, Daniel Russel, Russel, Barack Obama, Tong Zhao, Joe Biden, Arleigh Burke, Halsey, Ismael Martinez, China’s, he’s, ” Zhao, Vladimir Putin, Liu, ” Liu Organizations: Hong Kong CNN, Foreign, Chinese Foreign Ministry, City University of Hong, Getty, Huawei, Investment, Macquarie, Republican, Asia Society Policy Institute, Shipping, Carnegie Endowment, International, NATO, Asian Nato, Trump, US Navy, U.S . Navy, AP, Russia Beijing, Communist Party, Industry, Wall Street Locations: Hong Kong, China, United States, Beijing, Shanghai, America, City University of Hong Kong, Lago, Florida, AFP, Asia, Lianyungang, China's Jiangsu, Europe, Western, Russia, Asian, Taiwan Strait, AP Taiwan, Taiwan, Washington, Ukraine

☆ At the SEC, Trump's election victory paves the way for a rollback in regulations
▼ + stars: | 2024-11-07 | by ( Bob Pisani | ) www.cnbc.com time to read: +7 min

Securities and Exchange Commission Chairman Gary Gensler has sought to dramatically increase regulation of corporate America, vastly increasing disclosure requirements in particular. In response, corporate America has brought an avalanche of lawsuits against Gensler and the SEC. With a new regime now coming into the SEC following Donald Trump's victory in the presidential race, how will they respond to the lawsuits? Are there are any favorites for SEC chairman? Dan Gallagher, now serving as Robinhood's chief legal officer and formerly a Republican SEC commissioner, has been floated as a possible replacement.

Persons: Gary Gensler, Donald Trump's, Larry Tabb, Gary Gensler's, Gensler, Trump, Dan Gallagher, Hester Peirce, Peirce, Mark Uyeda, Chevron Organizations: America, Securities, Exchange, Gensler, SEC, CNBC, Bloomberg Intelligence, Republican SEC, Republican, Treasury, Supreme, Chevron Locations: America, Congress

☆ A 29-year-old thrifter who replaced her 9-to-5 income reselling clothes on eBay shares the strategies she uses to find profitable items
▼ + stars: | 2024-11-07 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Kendall VanGilder turned thrifting into a full-time reselling business in 2024. The hobby grew on her with time, and one particular trip to Goodwill "changed my viewpoint on thrifting," she recalled. The majority of her income comes from her eBay store, Style Secondhand. Sometimes it's not, but a lot of times the combination of those things I look for make it a really good item." Advertisement"Those are out there and waiting to be found at a thrift store or a buy-sell-trade store," she said.

Persons: Kendall VanGilder, —, thrifting, I've, VanGilder, Lululemon, she's, it's, she'll, I'd, Tom Ford hoodie Organizations: eBay, Service, Business, Urban Outfitters, BI, Salvation Army, Goodwill Locations: Lululemon, That's, Cheapskate, reselling, Italy

☆ Citi needs a white knight. Donald Trump's second term might provide one.
▼ + stars: | 2024-11-07 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

AdvertisementDonald Trump's presidential victory and his promise of light regulation could help relieve one of Citi's biggest problems. Wells Fargo analyst Mike Mayo called Trump's win a "regulatory game changer" in a research note. For instance, the OCC has required Citi to submit plans each quarter to ensure they are allocating enough resources to the Transformation effort. AdvertisementSince the July fines, Citi has faced mounting pressure. A few weeks later, Fraser was dogged by questions in an earnings call about the bank's regulatory fate.

Persons: hasn't, Donald Trump's, bode, Jane Fraser, —, Wells, Mike Mayo, Trump, Michael Hsu, Jerome Powell, Stephen Biggar, Sen, Elizabeth Warren, Fraser, Vivek Juneja Organizations: Citi, Service, Wednesday, Federal Reserve, Currency, Trump's, OCC, Economic, of New, Republican, Argus Research Locations: of New York

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