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The latest Fed projection for the so-called terminal rate — the level where the rate hikes stop — was just over 5%. Before this past week, those intraday levels hadn't been seen since November 2022. ET: ISM Services Looking back January's hot reading on core PCE on Friday was the most influential economic number of the past week. In Club earnings this past week, Nvidia (NVDA) was certainly the highlight. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
The new rules adopted by both GOP-led chambers effectively shield members and their staff from public records requests, making investigations into any potential wrongdoing far more difficult. The exemptions from public records laws and the ability to destroy emails after 90 days apply to both chambers. Because the chambers adopted the changes via rule changes, not legislation, Republicans were able to bypass the need for Democratic Gov. Legislatures having the ability to shield themselves from public records laws is not unheard of. Minnesota, Iowa, Oklahoma and Massachusetts also have laws in place effectively exempting state legislators from public records requests, according to record request nonprofit MuckRock, though it remains exceedingly common for lawmakers in states where such exemptions don't explicitly exist to avoid complying with public records laws.
CVS Health in talks to buy Oak Street Health - Bloomberg News
  + stars: | 2023-01-09 | by ( ) www.reuters.com   time to read: +1 min
Jan 9 (Reuters) - CVS Health Corp (CVS.N) is exploring an acquisition of primary care center operator Oak Street Health Inc (OSH.N), Bloomberg News reported on Monday citing people familiar with the matter. Shares of Oak Street Health rose 27% in after-hours trading after closing 4.25% higher at $22.57 on Monday, earning the Chicago-based company a market cap of $5.5 billion. CVS declined to comment while Oak Street did not immediately respond to a Reuters request. Oak Street Health runs primary care centers across United States for recipients of Medicare, the U.S. government insurance program for Americans aged 65 and older, and has private equity firms such as General Atlantic and Newlight Partners among its shareholders. CVS had also expressed interest in expanding into the primary care space, and was reportedly among the bidders to acquire primary care provider Cano Health before backing out.
The supply chain that keeps tech flowing to Russia
  + stars: | 2022-12-13 | by ( ) www.reuters.com   time to read: +11 min
“We cannot export to Russia, we cannot sell to Russia, and that’s why we just sell to Turkey,” he said. Azu International is an example of how supply channels to Russia have remained open despite Western export restrictions and manufacturer bans. At least $2.6 billion of computer and other electronic components flowed into Russia in the seven months to Oct. 31, Russian customs records show. Pixel Devices also said it’s not surprising that no one was in Pixel Devices’ office recently because most employees work remotely or in warehouse operations. Russian customs records show that Pixel Devices’ main client in Russia is a company in St. Petersburg called OOO KompLiga.
Traders work on the trading floor at the New York Stock Exchange (NYSE) below GameStop signage in New York, August 8, 2022. Check out the companies making headlines in midday trading Thursday. GameStop — Shares of the video game retailer and meme stock jumped more than 8% even after the company reported a wider-than-expected loss for the third quarter. The enterprise artificial intelligence software company reported a loss of 11 cents per share on revenue of $62.4 million. Analysts polled by Refinitiv were forecasting a loss of 16 cents per share on revenue of $60.9 million.
Ciena earned an adjusted 61 cents per share for its latest quarter, compared with a consensus estimate of 8 cents. GameStop (GME) – GameStop reported a wider-than-expected quarterly loss and sales that fell short of predictions. Rent The Runway (RENT) – Rent The Runway surged 16.9% in the premarket after its quarterly revenue came in well above Wall Street forecasts and the fashion rental company issued an upbeat sales forecast. Kinder Morgan shares gained 2.1% in premarket trading. Separately, Express announced a wider-than-expected quarterly loss and lower-than-expected revenue in what its management said was a tougher quarter than it had anticipated.
Loading chart...AST SpaceMobile Inc : "It's an exciting thing, not a stock. I think a stock is a company that makes money and then returns some of that money to you and trades inexpensively, and that one doesn't qualify." Loading chart...Plains GP Holdings LP : "Enterprise Product I think is better than them, but that's alright. Loading chart...Blue Bird Corp : "That school bus company is not to be touched, because they're doing very poorly." Loading chart...MP Materials Corp : "It's doing a great job, they've got a contract with GM .
Cramer's lightning round: Cano Health is a buy
  + stars: | 2022-11-04 | by ( Krystal Hur | ) www.cnbc.com   time to read: +1 min
Loading chart...Cano Health Inc : "I think it's a buy." I do think that [Johnson & Johnson ] is going to spin off its consumer product company, and that's going to be very, very good." But I think you're okay." Loading chart...Nike Inc : "I don't think buying Nike here is that bad." Disclaimer: Cramer's Charitable Trust owns shares of Johnson & Johnson.
Cramer's lightning round: Stay long on CF Industries
  + stars: | 2022-10-18 | by ( Krystal Hur | ) www.cnbc.com   time to read: +1 min
I say, stay long." Loading chart...Dutch Bros Inc : "I want you to put half the position on now, and then half when it goes below $30. I'm going to have to say, once again, [don't buy.]" Loading chart...Cano Health Inc : "I like the healthcare space, I think they do quality healthcare work, and I'm going to have to say that I think it's worth buying." I have to say, [don't buy]."
Humana has a right of first refusal on any Cano sale, part of an agreement that was originally struck in 2019. Humana and CVS Health are circling Cano Health according to people familiar with the situation, as healthcare heavyweights scramble to snap up primary-care providers. The talks are serious and a deal to purchase Cano could be struck in the next several weeks, assuming the negotiations don’t fall apart, some of the people said. Cano shares, which had been down nearly 7%, turned positive and closed up 32% after The Wall Street Journal reported on the talks with Humana and other unnamed parties, giving the company a market value of roughly $4 billion.
Humana has a right of first refusal on any Cano sale, part of an agreement that was originally struck in 2019. Humana and other possible buyers are circling Cano Health according to people familiar with the situation, as healthcare heavyweights scramble to snap up primary-care providers. The talks are serious and a deal to purchase Cano could be struck in the next several weeks, assuming the negotiations don’t fall apart, some of the people said.Cano shares, which had been down nearly 7%, turned positive and were up 42% after The Wall Street Journal reported on the talks, giving the company a market value of nearly $5 billion.
Humana, CVS among firms looking to buy Cano Health - reports
  + stars: | 2022-09-22 | by ( ) www.reuters.com   time to read: +1 min
Signage for Humana Inc. is pictured at a health facility in Queens, New York City, U.S., November 30, 2021. REUTERS/Andrew KellyRegister now for FREE unlimited access to Reuters.com RegisterSept 22 (Reuters) - Humana and CVS Health (CVS.N) are among the several companies looking to buy senior-care facility operator Cano Health (CANO.N), according to media reports on Thursday, sending Cano's shares up about 50%. Register now for FREE unlimited access to Reuters.com RegisterCano operates primary-care centers in several U.S. states including California, Florida, Nevada, New Mexico, Texas, Illinois, and New York. (https://bit.ly/3xOAe8D)Cano did not immediately respond to Reuters requests for comment, while Humana and CVS said they do not comment on rumors or speculation. Register now for FREE unlimited access to Reuters.com RegisterReporting by Mrinalika Roy in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
Cano Health CEO: Humana is a great partner
  + stars: | 2022-09-22 | by ( Melissa Lee | ) 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 EmailCano Health CEO: Humana is a great partnerDr. Marlow Hernandez, Cano Health CEO, joins CNBC's Contessa Brewer to discuss the health care space. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Bonawyn Eison, Dan Nathan and Brian Kelly.
Stephanie Kwolek — KevlarKwolek only intended to work for DuPont temporarily, to save up to study medicine. YouTube / WeBoMediaLLCIn the 1960s, chemical company DuPont was trying to find a lighter alternative to steel to reinforce car tires. Kwolek began working with a team at DuPont, experimenting on groups of long-chain molecules with a rigid rod-like structure, known as aromatic polyimides. The DuPont Kevlar Survivors Club, founded in 1987 by police officers who owe their lives to bullet-proof vests is a testament to Kwolek's work but Kevlar has also saved the lives of many soldiers and motorcyclists. After she retired, Kwolek continued to work at her home lab.
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