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☆ New study suggests Black women should be screened earlier for breast cancer
▼ + stars: | 2023-04-19 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +12 min

CNN —A new study on breast cancer deaths raises questions around whether Black women should screen at earlier ages. Even though Black women have a 4% lower incidence rate of breast cancer than White women, they have a 40% higher breast cancer death rate. “When the breast cancer mortality rate for Black women in their 40s is 27 deaths per 100,000 person-years, this means 27 out of every 100,000 Black women aged 40-49 in the US die of breast cancer during one year of follow-up. They also wrote that health policy makers should pursue equity, not just equality, when it comes to breast cancer screening as a tool to help reduce breast cancer death rates. Having dense tissue in the breast can make it more difficult for radiologists to identify breast cancer on a mammogram, and women with dense breast tissue have a higher risk of breast cancer.

☆ ‘World’s longest’ purpose-built cycling tunnel opens in Norway
▼ + stars: | 2023-04-18 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

A three-kilometer-long (1.8-mile) cycling and pedestrian tunnel has been blasted through the base of Løvstakken mountain and its makers say it’s the longest purpose-built tunnel of its kind. Ronny Turøy/Bybanen UtbyggingIt takes a little under 10 minutes to whizz through the tunnel by bike and around 40 if strolling by foot. “This makes it more pleasant to use than if one would just walk on asphalt.”The tunnel was constructed in parallel with a new tram line. NCC/Bybanen UtbyggingThe new tunnel came about as a byproduct of Bergen’s second Bybanen tram line, which opened in November 2022. The tram line through the mountain required a parallel evacuation tunnel, so the developers decided to make the new tunnel multipurpose.

PARLIAMENT 'CIRCUMVENTED'The Credit Suisse/UBS merger marked the first time that parliament had withheld its support for emergency laws designed to deal quickly with crises. Swiss Finance Minister Karin Keller-Sutter defended the use of the emergency powers, saying Switzerland was not an "emergency dictatorship." "The emergency law is based on the federal constitution and I don't think it's correct to say it's illegal." "Politicians might have wanted to show their disapproval about what happened, but they don’t want the UBS takeover to fail." The use of such emergency legislation, overturning antitrust rules, is a problem for Swiss democracy and rule of law.

☆ Louis Vuitton boss Bernard Arnault is only the 3rd person to be worth $200 billion – and his 5 kids are all Nepo babies
▼ + stars: | 2023-04-05 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

Luxury goods mogul Bernard Arnault is the world's richest person. Eric Piermont/Getty ImagesBernard Arnault is currently the world's richest person with a net worth of about $201 billion, according to estimates by Bloomberg. He's only the third person to surpass the $200 billion mark following tech moguls Jeff Bezos and Elon Musk, both of whom have since seen their wealth fall. Arnault cofounded LVMH in the 1980s, and is its CEO and chair. Last year LVMH raised the age limit of its CEO from 75 to 80, extending Arnault's possible tenure.

☆ Switzerland faced a full-scale bank run if Credit Suisse went bankrupt, Swiss regulator argues
▼ + stars: | 2023-04-05 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +7 min

It would have erased the holding company Credit Suisse Group, along with the parent bank Credit Suisse AG and its branches, while retaining the Credit Suisse (Schewiz) AG entity because of its "systemic importance." "The parent bank Credit Suisse AG would have gone under – a Swiss bank with total assets of over CHF 350 billion and ongoing business also running into many billions," Angehrn warned. Many other Swiss banks would probably have faced a run on deposits, as Credit Suisse itself did in the fourth quarter of 2022." Angehrn said the regulator has been in recent dialogue with the U.S., but did not experience international pressure in its supervision of Credit Suisse. The authorities would have risked not stopping a looming financial crisis by using the tool of resolution, but rather triggering such a financial crisis."

☆ UBS only party that could derail Credit Suisse takeover, law professor says
▼ + stars: | 2023-04-05 | 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 EmailUBS only party that could derail Credit Suisse takeover, law professor saysPeter V. Kunz, managing director of the Institute for Economic Law at the University of Bern, weighs in on the legal path ahead for the UBS takeover of Credit Suisse.

☆ This Bernstein stock-picking model beats the market by 6% a year. Here are its top picks today
▼ + stars: | 2023-03-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Instead of relying on fundamental research or quantitative analyses alone to identify stocks that will outperform, Bernstein combines both models. The Wall Street firm used its Bernstein and Autonomous sell-side analysts' recommendations as a proxy for the fundamental stock picker. His $200 target price suggests nearly 26% upside from Tuesday's close. According to his $265 price target, the stock could rally 38% from Tuesday's close. Rosenblum's price target of $54 implies 10.4% upside from Tuesday's close.

Companies Deutsche Bank AG FollowNEW YORK, March 24 (Reuters) - Deutsche Bank AG (DBKGn.DE) has settled a lawsuit in which it accused two offshore funds of reneging on an agreement to sell it $1.6 billion of claims in the bankruptcy of Bernard Madoff's namesake firm. Incorporated in the British Virgin Islands, the Kingate funds funneled client money to Madoff for many years before his Ponzi scheme collapsed in 2008. The funds sold their claims against the former Bernard L. Madoff Investment Securities LLC to Deutsche Bank for 66 cents on the dollar in 2011. But the bank said the Kingate funds later got "sellers' remorse" because the value of the claims rose substantially. The case is Deutsche Bank Securities Inc v. Kingate Global Fund Ltd et al, U.S. District Court, Southern District of New York, No.

☆ Son of Bernard Arnault, World’s Richest Person, Buys Manhattan Penthouse for About $18 Million
▼ + stars: | 2023-03-19 | by ( Katherine Clarke | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. Alexandre Arnault , son of the world’s richest man, Bernard Arnault, has purchased a penthouse apartment in downtown Manhattan for close to $18 million, according to a person familiar with the situation.

Feb 27 (Reuters) - Three banks agreed to pay $1.35 billion to resolve litigation by former Allen Stanford investors who accused them of contributing to the imprisoned financier's massive Ponzi scheme. Canada's Toronto-Dominion Bank <TD.TO> will pay $1.205 billion, HSBC Holdings Plc (HSBA.L) will pay $40 million and Independent Bank Group Inc (IBTX.O) , formerly Bank of Houston, will pay $100 million. They avert a trial that had been scheduled for Monday in Houston federal court, where TD, HSBC and Independent Bank were the last remaining defendants. Two other defendants, France's Societe Generale SA (SOGN.PA) and Mississippi-based Trustmark Corp (TRMK.O), settled for a respective $157 million and $100 million earlier this year. Independent Bank expects to recognize a $100 million first-quarter expense for its settlement, a regulatory filing shows.

Feb 21 (Reuters) - Societe Generale SA (SOGN.PA) agreed to pay $157 million to settle a lawsuit accusing the French bank and several other banks of contributing to imprisoned Ponzi schemer Allen Stanford's estimated $7.2 billion fraud. The payout was disclosed on Tuesday in a filing in Houston federal court, and requires a judge's approval. Societe Generale denied wrongdoing, and settled to avoid the burden, "very substantial expense" and risk of litigation, settlement papers show. The banks have denied wrongdoing, saying they provided routine services to Stanford's bank and did not know about his fraud. Another bank, Mississippi-based Trustmark Corp (TRMK.O), reached a $100 million settlement of similar claims.

☆ AMAT earnings and outlook a 'positive surprise,' analyst says
▼ + stars: | 2023-02-17 | 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 EmailAMAT earnings and outlook a 'positive surprise,' analyst saysStacy Rasgon of Bernstein discusses the factors, such as its "end-market mix," that have helped the company beat its peers.

☆ Donald Trump is cozying up to the son of the world's richest man, hosting Alexandre Arnault at Mar-a-Lago and calling him 'a young man on the move'
▼ + stars: | 2023-02-16 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Donald Trump hosted Alexandre Arnault and his wife at his Mar-a-Lago resort in Florida. He called Arnault a "young man on the move" and lauded his father, LVMH chief Bernard Arnault. "It was great having Alex Arnault of LVMH, and his wonderful wife, Géraldine, for dinner at Mar-a-Lago," Trump posted on Truth Social on Wednesday. "He is a young man on the move, the son of one of the great businessmen and leaders in Europe, and in the World," Trump wrote of Arnault, who is 30. It is unclear why Trump decided to host Arnault and his wife at Mar-a-Lago this week, or why they went.

☆ Uber and Lyft Claim Big Gains for Their Ad Businesses
▼ + stars: | 2023-02-15 | by ( Patrick Coffee | ) www.wsj.com time to read: +4 min

Ride-hailing companies Uber Technologies Inc. and Lyft Inc. each say their nascent advertising businesses have grown significantly in recent months. PREVIEWThe ride-hailing rivals’ ad businesses are also important for the companies’ growth. Uber said increased ad revenue in the latest quarter was a key growth driver for its overall business. Lyft ad revenue increased “nearly seven times” in the fourth quarter compared with the previous quarter, according to Mr. Greenberger. But the companies’ ad prices offer a glimpse at their respective positions in the market.

☆ These 10 quality stocks are cheap and set to beat the market, Bernstein says
▼ + stars: | 2023-02-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Investors looking for protection — and possibly even outperformance — this year will benefit from being more selective about the quality stocks they buy, according to Bernstein. The problem this year, however, is that quality stocks are trading at a 12.5% premium to their historical valuation, analyst Sarah McCarthy said in a note. With this in mind, Bernstein compiled a list of quality stocks that are trading at a "reasonable price." Tech giant Microsoft came on top of Bernstein's picks of cheap quality stocks with an upside. Danaher, Adobe, Pioneer Natural Resources, Applied Materials and Elevance Health also made Bernstein's list.

☆ The artificial intelligence war has Wall Street in a frenzy over Google, Microsoft, and anything related to bots
▼ + stars: | 2023-02-13 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

In case you missed it, last week Microsoft held an event that had the buzz of a Steve Jobs iPhone launch. Google Bard VS OpenAI ChatGPT displayed on Mobile with Openai and Google logo on screen seen in this photo illustration. In this two-horse race, Google certainly didn't do itself any favors in bumbling its own AI demo last week. But the battle will ultimately come down to Microsoft and Google, according to venture capitalist Vinod Khosla. Record highs for the stock market are within reach this year, according to Fundstrat.

☆ Worried about Alibaba’s share price slump? Analysts name 4 alternatives in China tech
▼ + stars: | 2023-02-02 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

No Chinese tech stock has generated as much excitement as Alibaba , one of the most recognizable names in the Chinese internet sector. More than 76% of analysts covering the stock rate it a "buy," giving it average upside of 31%, according to FactSet data. Kuaishou is rated buy or overweight by 94% of analysts covering the stock, who give it average upside of around 24.4%. It is rated buy by 88% of analysts covering it, and has average upside of 37.7%, according to FactSet data. Rounding off the list is food delivery giant Meituan , with average upside of 32.5%.

☆ Semiconductor firm AMD is now big enough to experience a 'cloud digestion cycle,' says analyst
▼ + stars: | 2023-02-01 | 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 EmailSemiconductor firm AMD is now big enough to experience a 'cloud digestion cycle,' says analystStacy Rasgon of Bernstein Research discusses why AMD's data center business has been able to continue growing sequentially over the last few quarters.

☆ Can Chinese stocks rally further? One investment bank thinks so — and names its top stock picks
▼ + stars: | 2023-01-31 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

The recovery in Chinese stocks gained steam on Monday, as China's benchmark index came within striking distance of a bull market. Chinese stocks have been buoyed by Beijing's easing of Covid-19 restrictions and a waning regulatory crackdown. "We started the year with an overweight call on China, and while that is a consensus view, there are now concerns on China rally being too sharp/too quick. The extreme inflows in the past 3 months, indeed, pose a threat to the continuity of market rally for next 3 months," Bernstein analyst Rupal Agarwal wrote in a note on Jan. 27. Bernstein's screen for undervalued stocks that have underperformed the market rally tuned up a raft of names.

☆ Wall Street says Europe's a better bet than the U.S. right now — and names its top stock picks
▼ + stars: | 2023-01-30 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

European stocks are are having a good year so far. While the underperformance has been marginal, the outlook for U.S. stocks is decidedly more muted — Wall Street is still wary of a recession. European stocks are therefore worth a look in the near term, according to Bernstein, which expects more upside for them. Stock picks One of Bernstein's top plays is low leverage stocks, which the bank defines as stocks with a low net debt to equity ratio. Bank of America has a number of European picks with exposure to higher Chinese consumer spending and improving overall demand in light of China's reopening.

The investigation into a failed New Mexico political candidate and a string of shootings has expanded, with officials now looking to determine if contributions to the suspect's campaign were funneled by drug trafficking, police said. No one was hurt in the shootings, which all involved elected Democratic officials. But a man who police have said was allegedly involved, Jose Trujillo, donated more than $5,000 to Pena's campaign and that man's mother also donated about $4,000 to the campaign, officials said. Trujillo is listed as a cashier in Pena's campaign reports. In the following days, a shooting occurred outside the home of new state House Speaker Javier Martinez.

☆ Bernstein's Mark Moerdler on Microsoft: Its future is in software and the cloud
▼ + stars: | 2023-01-18 | 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 EmailBernstein's Mark Moerdler on Microsoft: Its future is in software and the cloudMark Moerdler of Bernstein joins 'TechCheck' to discuss Microsoft long term as well as his top software picks.

☆ Losing candidate arrested in string of shootings at New Mexico Democrats' homes
▼ + stars: | 2023-01-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +2 min

Police in Albuquerque on Monday announced the arrest of a failed candidate for state Legislature in a string of shootings at locations associated with high-profile Democratic leaders. Republican Solomon Peña is accused of conspiring with and paying four men to carry out four shootings at the homes of two Bernalillo County commissioners and two state legislators. But on Monday, Albuquerque Police Chief Harold Medina described Peña as the initiator of the shootings. Ballistics evidence from one of the shootings connected the case to the suspect, Medina said. The Albuquerque Journal describes the suspect as unsuccessful candidate for New Mexico House District 14, which represents the Albuquerque area's South Valley.

☆ The world's richest person has made his daughter the CEO of Dior. All 4 of his sons have top roles at his companies, too.
▼ + stars: | 2023-01-12 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

Luxury-goods mogul Bernard Arnault is the world's richest personEric Piermont/Getty ImagesBernard Arnault is the world's richest person with a net worth of about $182 billion, putting him $50 billion ahead of Elon Musk. Arnault cofounded LVMH in the 1980s, and is its CEO and chair. All four of Bernard's sons work at LVMH and its brands, too. "Succession planning in strategic roles has been instrumental to the success of LVMH's key brands over the past 20 years," Citi analyst Thomas Chauvet said, per Reuters. Last year LVMH raised the age limit of its CEO from 75 to 80, extending Arnault's possible tenure.

☆ Suspect in custody after sixth shooting reported at New Mexico officials' homes, offices
▼ + stars: | 2023-01-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +3 min

A suspect was in custody Monday in a string of shootings that may have targeted Democratic leaders in Albuquerque, officials said Monday. "Those elected officials deserve to be able to do their jobs as part of American democracy without fear, and especially without fear in their homes." Last week, after the other shootings were widely reported, Martinez asked officers to investigate the incident, police said. The Democratic Party of New Mexico said in a statement it is "deeply troubled" by the shootings. "I share the anger of my fellow elected officials and all those who have been targeted by such senseless acts of violence," he said.

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