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☆ Here are Tuesday's biggest analyst calls: Apple, Rivian, Nvidia, Boeing, Affirm, Datadog, Amazon & more
▼ + stars: | 2023-11-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Tuesday's biggest calls on Wall Street: UBS downgrades ChargePoint to neutral from buy UBS said it's cautious on the EV charging company's growth outlook. " Citi reiterates Nvidia as buy Citi said it's sticking with its buy rating on shares of Nvidia. " Wells Fargo downgrades Booz Allen Hamilton to equal weight from overweight Wells said investors should wait for a better entry point for the defense contractor. Raymond James upgrades Crocs to strong buy from outperform Raymond James said it sees an attractive entry point for the show company. Wells Fargo reiterates Amazon as overweight Wells said international trends for Amazon remain healthy.

Persons: UBS downgrades ChargePoint, it's, Wells, Booz Allen Hamilton, Bernstein, Raymond James, Crocs, CROX's, Estee Lauder, Jefferies, underperform Jefferies, Evercore, Rivian, Piper Sandler downgrades Shopify, Piper, Piper Sandler, Canaccord, TD Cowen, Datadog, TD, Truist, it's bullish, Ingersoll Rand Organizations: UBS downgrades, UBS, JPMorgan, Apple, Citi, Nvidia, HSBC, RBC, Boeing, Lexeo Therapeutics, Bank of America, Virtu, Logistics, Industry Locations: U.S, DDOG, India, Ingersoll

☆ This biotech stock targeting genetically driven diseases could nearly double, predicts JPMorgan
▼ + stars: | 2023-11-28 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Lexeo Therapeutics ' stock could nearly double as its gene therapies advance through its pipeline, according to JPMorgan. That implies a potential upside of nearly 82% from the stock's Monday closing price of $11. LXEO ALL mountain Lexeo Therapeutics all-time stock chart Analyst Tessa Romero cited Lexeo Therapeutics' lead cardiac therapy, LX2006, as a catalyst for the stock. The gene therapy is delivered to body tissues through an adeno-associated virus vector and it targets a rare genetic heart disorder called Friedreich's ataxia cardiomyopathy. The firm is also evaluating a similar type of gene therapy, LX2020, to treat cases of PKP2-ACM, another kind of inherited heart disease.

Persons: Tessa Romero, Lexeo, Romero, LX2020, LX1001, – LX2006, Michael Bloom Organizations: Therapeutics, JPMorgan, Lexeo Therapeutics, ACM, ~$ Locations: U.S

☆ Democratic strategist accused of sexually assaulting woman while working for Mike Bloomberg's campaign days after 9/11
▼ + stars: | 2023-11-21 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Baughman filed his own lawsuit against her in June, saying she's run "a 20+ year smear campaign" against him. Making their way through the city's streets, many of which were still shut down, they took a long time to arrive at Bloomberg's campaign office, the suit says. Another one of Bloomberg's campaign staffers offered Beter a cup of coffee at the office, the lawsuit says. A photo of the World Trade Center collapse taken by Petra Beter on September 11, 2001. Neither Petra nor Josee Beter has filed a formal response to Baughman's lawsuit in the Massachusetts court, though Petra Beter's lawsuit says it's "retaliation" for her claims.

Persons: Duane Baughman, Mike Bloomber's, Baughman, —, Petra C, Beter —, Michael Bloomberg, Beter, Ian Bryson, Josee Beter, Katie Merrill, Petra, Douglas Schoen, Edward Skyler —, Schoen, Duane, Defendant SCHOEN, Schoen didn't, Skyler, Mr, Petra Beter, Hillary Clinton's, Tom Steyer's, Merrill, Barbara Lee's, Beters, Mike Bloomberg, Petra's, Petra Beter's, Johnny Depp, Amber Heard, Josee, Bryson Organizations: Service, Baughman, ASA, Bloomberg, Citigroup, World Trade, REUTERS, HB, Democratic, Rep, Senate, New York, Prosecutors Locations: Manhattan, York City, New York, Massachusetts, California, New, Baughman's

☆ SpaceX Starship: What’s next for the most powerful rocket ever built
▼ + stars: | 2023-11-21 | by ( Jackie Wattles | ) edition.cnn.com time to read: +14 min

CNN —Mere moments after SpaceX’s Starship system — the most powerful rocket ever built — was lost in a test flight Saturday, a somewhat complicated narrative around the vehicle began to emerge. “What we did today will provide invaluable data to continue rapidly developing Starship,” SpaceX said Saturday in a statement. SpaceX's mega rocket Starship launches for a test flight from Starbase in Boca Chica, Texas, on Saturday, November 18, 2023. The Starship spacecraft was then able to ignite its own engines and break away from the Super Heavy rocket booster to continue the mission. SpaceX's Starship rocket prototypes are seen at the SpaceX Starbase in Brownsville, Texas, on August 19, 2023.

Persons: CNN —, Artemis III —, Bill Nelson, SpaceX, —, Eric Gay, John Insprucker, Elon Musk, Jim Watson, Wayne Hale, they’ve, ” Hale, “, They’ve, ”, SpaceX’s, Christina Hammock Koch, Victor Glover, Reid Wiseman, Jeremy Hansen, Wiseman, Glover, Hammock Koch, Hansen, Artemis, Bill Ingalls, Hale, Jeff Bezos, Lakiesha Hawkins, ” Hawkins, NASA isn’t, Apollo Hale, Neil A, Armstrong, Michael Collins, Edwin E, Aldrin Jr, ” What’s, Veronica Cardenas, Reuters It’s Organizations: CNN, SpaceX, NASA, China, Super, International Astronautical, Getty, FAA, CSA, Canadian Space Agency, Orion, Planetary Society, SLS, Origin, Blue, Kennedy Space Center, Saturn, Earth, ” CNN, Reuters, Federal Aviation Administration Locations: Starbase, Boca Chica , Texas, Baku, Azerbaijian, Boca Chica, South Texas, AFP, Texas, Washington, Florida, “, SpaceX’s, Brownsville , Texas

☆ Republican senators raise 'significant concerns' on US firearms export pause
▼ + stars: | 2023-11-16 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/Elizabeth Frantz Acquire Licensing RightsWASHINGTON, Nov 16 (Reuters) - A group of 46 Republican U.S. senators asked the Commerce Department on Thursday to answer questions about its Oct. 27 decision to temporarily stop issuing export licenses for most civilian firearms and ammunition for non-governmental users. The Commerce Department's 90-day pause has some exemptions including export licenses for Ukraine and Israel, as well as some other close allies. Earlier this month, Republican Representative Mark Green, who chairs the Homeland Security Committee, led a separate letter from more than 80 lawmakers seeking answers on the pause. The Republican party has consistently defended gun ownership rights under the U.S. Constitution, while many Democrats have called for new restrictions after a series of mass shootings. Exporters can continue to submit license requests during the pause, but they will be "held without action" until the pause is lifted.

Persons: Mitch McConnell, Elizabeth Frantz, Ted Budd, John Thune, Mark Green, David Shepardson, David Gregorio Our Organizations: U.S ., REUTERS, Rights, Republican U.S, Commerce Department, Republican, Homeland Security Committee, U.S, Constitution, Overseas, Thomson Locations: Washington , U.S, Ukraine, Israel, U.S

☆ 'Overemployed' Workers Secretly Juggle Several Jobs for Big Salaries
▼ + stars: | 2023-11-13 | by ( Aki Ito | ) www.businessinsider.com time to read: +21 min

Holding down multiple jobs has long been a backbreaking way for low-wage workers to get by. They freeze their employment histories with Equifax and hibernate their LinkedIn profiles, so employers can't see they're holding multiple jobs. Those with multiple jobs also seek out positions they hope will be OE-friendly — light on meetings, as well as on the workload. There's another incentive: Unlike most Americans, those who work multiple jobs don't have to worry about layoffs. There's something radical that happens to a worker's psychology when they have multiple jobs.

Persons: Bryan Roque, He'd, Roque, I'm, Isaac, Reddit, commiserate, he'd, it's, they're, —, Tyler Le, George, who's, I've, Allison, Cole, he's, Matthew Berman, hasn't, Meta, Tinder, jugglers, Taylor, they'll, normies, Redditor, she'd, she's, Aki Ito Organizations: Amazon, IBM, Meta, Financial Independence, J1, McKinsey & Company, J2 Locations: Meta, Tinder, New York, California, Meta's, tatters

☆ FDA approves Eli Lilly's tirzepatide for weight loss, paving way for wider use of blockbuster drug
▼ + stars: | 2023-11-08 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +6 min

George Frey | ReutersThe Food and Drug Administration on Wednesday approved Eli Lilly 's blockbuster drug tirzepatide for weight loss, paving the way for even wider use of the treatment in the U.S. The FDA said the approval was based on two of Eli Lilly's late-stage trials on tirzepatide, which evaluated its effects on weight loss after 72 weeks. Higher doses of the drug were associated with even more weight loss, with a 15-milligram dose leading to 22.5% weight loss on average. The bigger issue is that many insurance companies are dropping weight loss drugs from their plans. Preliminary data is already available: A recent late-stage trial found that Novo Nordisk's weight loss drug Wegovy reduced the risk of cardiovascular events such as heart attack and stroke by 20%.

Persons: George Frey, Eli Lilly, John Sharretts, Eli Lilly's, Wegovy, Lilly, Mike Mason, Eli Lilly Diabetes Organizations: Novo Nordisk, Pharmacy, Reuters, Food, Drug Administration, U.S, FDA's Center, Drug, FDA, Obesity Locations: Provo , Utah, U.S, United States

☆ These are Mizuho's top stock picks heading into November
▼ + stars: | 2023-11-05 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Mizuho's equity research team compiled its top buy-rated picks for the new month. The average price target for the stock, which is already up about 14% this year, implies an upside of about 15%. But the average analyst is bullish with a buy rating and price target implying an upside of almost 21%, per LSEG. The average Wall Street analyst rates EyePoint a buy, and the consensus price target implies the stock could skyrocket nearly 290%, per LSEG. The average analyst has a buy rating and price target reflecting 13.5% upside ahead, per LSEG.

Persons: Nitin Kumar, Mara Goldstein, Graig Suvannavejh, Siti Panigrahi, INTU, Panigrahi, — CNBC's Michael Bloom Organizations: Mizuho, Dow Jones, Nasdaq, Coterra Energy, Merck, Co, EyePoint Pharmaceuticals, Intuit, Small Locations: Keytruda

The vast majority of fatalities – 73% – are women, children and the elderly, according to the health ministry. Women are in great pain, they sleep on the floors, without mattresses,” Bashir, the 32-year-old mother, told CNN. She told CNN she received confirmation the products reached the Rafah crossing, but does not know when the aid will enter Gaza. Palestinian mothers told CNN they cannot protect their kids from the terror of Israel's persistent bombardment. Ahmad Hasaballah/Getty ImagesSo many aspects of motherhood, once routine, are now a matter of life or death.

Persons: —, MedGlobal, OCHA, ” Musleh, “ I, can’t, “, Ahmed Al, Sadi, ”, Tanya Haj, Hassan, Médecins, jeopardizing, ” Haj, Hiba Tibi, Israel's, Said Khatib, Amal, Khan Younis, Bashir, Heather Barr, Barr, ” Bashir, CNN Amal, Nesma ElFar, MotherBeing, ‘, ’ ” Haj, Ahmad Hasaballah, Musleh, – Organizations: CNN, US, Palestinian Ministry of Health, Palestinian Medical Relief Society, Medical, CARE International, CARE ., CARE West Bank, UN, Getty, Haj, International Planned Parenthood Federation, Human Rights Watch Locations: Al, Gaza, Ramallah, Israel, Rafah, Egypt, AFP, Gaza City, Cairo, Khan, Palestine

The economy added 150,00 jobs in October, suggesting a mild slowdown following September’s outsized gain, the Labor Department reported on Friday. Nonfarm payrolls comes in a bit light, downward revisions to previous 2 months and wage growth on the low end. On the margin it feels like it has softened up, but it's still a mighty hot job market,” says Steve Preston, CEO of Goodwill Industries. The Federal Reserve has been looking to the labor market for signs it has reached a better balance between supply and demand than a year ago. Chairman Jerome Powell noted that the labor market has remained strong even as interest rates have risen at a sharp pace over the past year.

Persons: ”, Noah Yosif, Nonfarm payrolls, ” Kathy Jones, it's, Steve Preston, ” Preston, Geno Cutolo, Scott Hamilton, ” Hamilton, Jerome Powell, “ We've Organizations: Labor Department, UKG, ”, Schwab Center, Financial Research, Goodwill Industries, Federal Reserve, Labor Locations: North America

☆ Adidas and Puma eye chances in soccer's fashion moment
▼ + stars: | 2023-11-01 | by ( Helen Reid | Thomson Reuters | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com time to read: +5 min

One Premiership team has hired a creative director to expand its apparel offering, while Adidas in September launched an "exclusively off-pitch" apparel collection for some of the big-name teams it sponsors. "The love-in between football and fashion is only just beginning," said Richard Busby, CEO at sponsorship consultancy BDS Sponsorship. In August, Crystal Palace hired Kenny Annan-Jonathan as creative director focused on apparel. "We are experiencing hype around football jerseys and general designs influenced by football culture across streetwear and fashion," said Puma's global creative director Heiko Desens. "There's a risk of tension with existing fans whenever you start moving beyond the core culture," said Athens Kallithea's president and creative director, Ted Philipakos.

Persons: Asanka Brendon Ratnayake, Kim Kardashian, Richard Busby, Mary Earps, Busby, Kardashian, Germain, Mia Regan, Kenny Annan, Jonathan, GlobalData, Heiko Desens, Puma, popstar, cleats, Pele, Rihanna, Graham Renwick, Prada, Ted Philipakos, Philipakos, Helen Reid, Catherine Evans Organizations: Soccer Football, FIFA, England, Soccer, LONDON, Adidas, Puma, Nike, Greek, Athens Kallithea, Paris Saint, Arsenal, Crystal Palace, Premier League club, FOOTBALL, Bayern Munich, Juventus, Manchester United, Real, Liverpool, Newcastle United, Italy's Venezia FC, Athens Kallithea's, Premier League, Bundesliga, Thomson Locations: New Zealand, Spain, Australia, Sydney, Brazilian, Real Madrid, Italian, Athens

☆ Here are 5 anti-obesity drug stocks besides Novo Nordisk and Eli Lilly to watch into year-end
▼ + stars: | 2023-10-29 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +11 min

Novo Nordisk and Eli Lilly reign over the anti-obesity drug market, and don't expect this duopoly to end soon, analysts say. All this goes on amid robust demand for Novo's semaglutide, which is sold as Ozempic for type 2 diabetes and as Wegovy for weight loss, and Lilly's tirzepatide, which hopes to receive regulatory approval for weight loss this year. Orforglipron is an oral drug Eli Lilly is developing. It has several other compounds in the pipeline, but Suvannavejh expects the weight loss drug to receive increased attention. "This range would also be competitive with LLY's orforglipron [an oral GLP-1 drug] weight loss at day 28," Smith said.

Persons: Eli Lilly, Piper Sandler, Yasmeen Rahimi, Cantor Fitzgerald, Louise Chen, Lilly, Lilly's, Chen, Price, Kyle Rasbach, We've, Rasbach, Altimmune Altimmune, NASH, Piper's, Rahimi, Cantor's Chen, it's, Eli Lilly's Mounjaro, Goldman Sachs, Chris Shibutani, David Risinger, Risinger, Jonathan Wolleben, Wolleben, Orforglipron, Graig Suvannavejh, Suvannavejh, Thomas Smith, LLY's, Smith, Yale Jen, Jen Organizations: Novo Nordisk, Pfizer, Novo, pharma, Pfizer Pfizer, danuglipron, Therapeutics, Leerink, Mizuho Securities, Viking Therapeutics Viking Therapeutics, Laidlaw & Co Locations: Novo, GLP, Eventide

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Microsoft, Gap, Verizon, Alphabet & more
▼ + stars: | 2023-10-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Wells Fargo upgrades Gap to overweight from equal weight Wells said the turnaround is taking shape for Gap. Deutsche Bank upgrades Livent to buy from hold Deutsche said it sees an attractive entry point for the lithium company. Bank of America downgrades TransUnion to underperform from buy Bank of America double downgraded the stock due to concerns about consumer lending. Bank of America initiates Syndax as buy Bank of America said it sees upside for the pharmaceutical company. Monness, Crespi, Hardt & Co. downgrades Alphabet to neutral from buy Monness said it's concerned about regulatory headwinds.

Persons: TD Cowen, Freyr, FREY, Goldman Sachs, Goldman, it's, We're, Wells, Needham, Etsy, Piper Sandler, Piper, TRU, SocGen, Bernstein, Deutsche Bank downgrades Corning, 2H24, Jefferies, Monness, Crespi, Hardt, Piper Sandler downgrades Livent Organizations: EV, Apple, BMO, Bank of America, Microsoft, GPS, Alto Networks, Deutsche Bank, Deutsche, Citi, TAM, Barclays, Verizon, Piper Sandler downgrades Regions, Citizens Financial, RF, " Bank of America, Farfetch, Machinery, UBS, Nvidia, Veeva, Commercial, Syndax Pharmaceuticals Locations: EVgo, Cybersecurity, Corning, Albemarle, LTHM

☆ GoStudent, the $3 billion edtech darling, scaled fast and partied hard. The result was a mess.
▼ + stars: | 2023-10-24 | by ( Tasmin Lockwood | Riddhi Kanetkar | ) www.businessinsider.com time to read: +23 min

These people were employees of GoStudent, an Austria-based online-tutoring startup that had quickly become the darling of the European tech scene. But 28 current and former GoStudent employees and tutors said they experienced a poorly run organization with clumsy management. Edtech companies "rarely have any major competitive advantage other than scale," a European venture capitalist who's not affiliated with GoStudent said. A GoStudent employee threatened to track down the petition's author using tutors' IP addresses, according to the German publication Handelsblatt. According to public documents updated in December 2022, GoStudent had shrunk to 15 markets and 1,500 employees, including its acquisitions.

Persons: Felix Ohswald, Gregor Müller, GoStudent, who'd, I'm, Heinz, Peter Meidinger, cofounders, Ferdinand von Hagen, Prada, GoStudent's, Dave Benett, Müller, —, Ohswald, Anthony Canavan, Canavan, Brutkasten, Norbert Wess, Harry Murphy, Duncan McIntyre, McIntyre, Neel Gupta, Anna Tuchy, Patrick Nadler, Nadler, Sarah Heuberger, Ross Slater Organizations: German Teachers ' Association, Employees, GoStudent, Conseil, prud'hommes, DBS, Safety Officers, Web, Getty, JP Morgan, Barclays, Deutsche Bank, TechCrunch, Organisation for Economic Cooperation Locations: Vienna, Austria, Silicon Valley, North America, South America, Europe, London, France, Soho , London, Dock, DACH, Germany, Switzerland, Spanish, Sweden, Swedish, GoStudent, Ukraine, Ibiza, GoStudent's, Deliveroo

☆ This biotech stock is set to nearly quadruple on the back of its advanced gene therapy products, says Cantor Fitzgerald
▼ + stars: | 2023-10-24 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Rocket Pharmaceuticals shares are poised to nearly quadruple as it rolls out its lineup of late-stage targeted gene therapies, according to Cantor Fitzgerald. RCKT YTD mountain RCKT YTD chart Analyst Josh Schimmer called the stock one of his "top picks" as its products address unmet medical needs. It also benefits from a "thoughtful management team with a knack for identifying compelling gene therapy programs," he said. Schimmer is extremely bullish on Rocket's portfolio of advanced gene therapy products. "RCKT should be stacking larger and larger gene therapy programs," the analyst wrote.

Persons: Cantor Fitzgerald, Josh Schimmer, Schimmer, — CNBC's Michael Bloom Organizations: Rocket Pharmaceuticals

☆ Wall Street hikes forecasts for anti-obesity drug sales to $100 billion and beyond — A look at the numbers
▼ + stars: | 2023-10-23 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +3 min

Most analysts predict the market for new weight loss drugs like Wegovy and Mounjaro will be enormous, but estimates vary for its exact size depending on who you ask. On Monday, Citi raised its estimate for incretin drug sales to $71 billion by 2035, up from its prior estimate of $55 billion. Last month, the firm made a case for there being a $150 billion to $200 billion opportunity for these drugs. At the moment, private insurance coverage isn't a guarantee for those seeking weight loss treatment, and the federal Medicare program doesn't cover weight loss drugs at all. Lilly expects the Food and Drug Administration to approve this drug to treat obesity by the end of this year.

Persons: Seamus, Fernandez, Andrew Baum, Goldman Sachs, Chris Shibutani, Shibutani, Eli Lilly, Lilly Organizations: Monday, Citi, Wegovy, Food and Drug Administration Locations: GLP

☆ Microsoft CEO Satya Nadella talks AI, closing the Activision Blizzard deal, and his best business decision so far
▼ + stars: | 2023-10-22 | by ( Mathias Döpfner | ) www.businessinsider.com time to read: +47 min

Just like the cloud transformed every software category, we think AI is one such transformational shift. Therefore, this notion of Copilots that we're introducing is really going to be revolutionary in terms of driving productivity and communication. Milton Friedman once famously said: "the business of business is business." One is, is the business of business just business? So, I think AI can actually be very helpful in many ways to be a little more empathetic and more understanding of the world.

Persons: Satya Nadella, Axel Springer's, OpenAI, Nadella, Axel Springer, —, Mathias Döpfner, Pankaj Nangia, Steve Ballmer, Steve, I've, It's, I'd, Herbert Simon, Karl Marx, Lakshmi, Hayek, Marx, Justin Sullivan, Carol Dweck, they're, Vuk Valcic, That's, it's, you've, Jae, Copilot, Jeff Bezos, I'm, We've, Milton Friedman, Elon Musk, we've, Lina Khan, Sam Altman, Sam, Tomohiro Ohsumi, Bard, Bing, Mathias, wouldn't, Picasso, Jakub Porzycki, Mustafa Suleyman, We'll Organizations: Service, Microsoft, Olympic, Australia, Getty, Activision Blizzard, Gaming, AP, Windows, Linux, Children's Hospital, University of Wisconsin, Associated Press, Google Locations: Berlin, India, Hyderabad, Seattle, United States, Milwaukee, American, China, derisking, DC, Beijing, Europe, GitHub, British

☆ Risky biotech M&A therapy will heal more fractures
▼ + stars: | 2023-10-19 | by ( Jonathan Guilford | ) www.reuters.com time to read: +8 min

NEW YORK, Oct 19 (Reuters Breakingviews) - How can a suitor offering $1 billion see eye-to-eye with a seller asking for $2 billion? Such contingent value rights, or CVRs, are a way to get around the inherent uncertainty of an unproven drug. Its $74 billion takeover of Celgene in 2019 included a $6.4 billion payout dependent on a trio of drug approvals. There have been only 27 biotech market debuts this year, raising $2.2 billion, according to LSEG data. Given the nagging fissures in valuation perspectives, however, more dealmakers are apt to try this risky M&A therapy.

Persons: Schulman, Sidley, Bristol Myers, Myers, CVRs, Andrew Weisenfeld, IPOs, ”, Dan Lepanto, biopharma, Eli Lilly’s, Bristol Myers Squibb, Jeffrey Goldfarb, Sharon Lam, Streisand Neto Organizations: Reuters, Dow, Marion Laboratories, LyondellBasell Industries, Mirati Therapeutics, JPMorgan, Sanofi, Health Partners, Nasdaq Biotechnology, Reuters Graphics Reuters, Reuters Graphics, Leerink Partners, Therapeutics, Public, Bristol Myers, U.S . Food, Drug Administration, Thomson Locations: Celgene, Genzyme, U.S

☆ British tech company Oxford Nanopore outlines medium-term growth plans
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 19 (Reuters) - British technology company Oxford Nanopore (ONT.L) said it hoped to reach break-even by the end of 2026, as it outlined plans to drive further growth in the life science research tools market and expand into new areas of healthcare. Oxford Nanopore, a spinout from the University of Oxford which floated two years ago, wants to further commercialise its sensing technology which is able to produce immediate analysis of DNA and RNA for use across scientific research, healthcare and other industries. "Today also marks an important transition for Oxford Nanopore as we introduce our medium-to-long term strategy to meet unmet needs in the clinical and applied markets," Chief Executive Gordon Sanghera said in a statement. For the first half-year of the year, Oxford Nanopore posted a 46% rise in revenues from its Life Science Research Tools unit. Shares in Oxford Nanopore, which has a market capitalisation of 1.6 billion pounds, have fallen 15% in the last six months, prior to Thursday's announcement.

Persons: Oxford Nanopore, Gordon Sanghera, Sarah Young, Kate Holton Organizations: Oxford, University of Oxford, Mayo Clinic, Thomson Locations: British, Oxford

☆ Microsoft CEO Satya Nadella says empathy isn't a soft skill — it's actually 'the hardest skill we learn'
▼ + stars: | 2023-10-17 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +3 min

Microsoft CEO Satya Nadella thinks empathy is an important business skill, not just a soft skill. AdvertisementAdvertisementMicrosoft CEO Satya Nadella thinks that empathy is more than just a soft skill — it's crucial in both personal and professional life. "Empathy is not a soft skill," Nadella said in an interview with Axel Springer CEO Mathias Döpfner on Tuesday. "It reshaped me as a human being, as a parent, as a partner, and as a leader at work," Nadella said. On a broader level, Nadella also thinks empathy plays a key role in driving innovation.

Persons: Satya Nadella, Nadella, Axel Springer's, —, Axel Springer, Mathias Döpfner, Zain, Anu, — he's Organizations: Service, Ernst Locations: Seattle, Berlin

☆ The Biden administration is negotiating lower prices for 10 medications with drug manufacturers
▼ + stars: | 2023-10-04 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

AdvertisementAdvertisementThe Biden administration announced Tuesday it is beginning talks with drug makers behind 10 expensive medications to lower prices for recipients of Medicare, the national health insurance program for older Americans and people with disability status. The negotiations are expected to last until 2024, with the lower prices expected to go into effect in 2026. The Congressional Budget Office "estimated that price negotiation will lower average drug prices paid by Medicare and will reduce the budget deficit by $25 billion in 2031." "Negotiating provides us a critical tool to ensure they get those prescription drugs at lower prices – just as the U.S. Department of Veterans Affairs has done for years." AdvertisementAdvertisementThe Biden administration has recently taken aim at high drug prices and high profits at pharmaceutical companies.

Persons: —, Biden, Juliette Cubanski, Harris, Xavier Becerra, Jardiance, Eli Lilly Organizations: Service, Congressional, Medicare, Biden, Harris Administration, Human Services, U.S . Department of Veterans Affairs, HHS, Centers, Services

☆ Exclusive: Boeing sets record 737 production goal for July 2025 -sources
▼ + stars: | 2023-10-03 | by ( Valerie Insinna | ) www.reuters.com time to read: +3 min

[1/2] An aerial view of a Boeing 737 MAX 10 airplane parked at King County International Airport-Boeing Field in Seattle, Washington, U.S, June 1, 2022. The schedule targets 737 production to reach 42 jets a month by December 2023, affirming statements made by Boeing Commercial Airplanes head Stan Deal to Bloomberg TV in June. An earlier version of the plan, which Reuters reported in April, had seen 52 jets per month production a month later, in January 2025. Before the 2019 grounding of the 737 MAX, Boeing was producing 52 737s a month on its way to a target of 57. Boeing's formal 737 production target is 50 per month for the 2025-2026 timeframe, unveiled by the company last November during an investor day.

Persons: Lindsey Wasson, Stan Deal, Dave Calhoun, MAXs, Calhoun, Valerie Insinna, Peter Henderson, Jamie Freed Organizations: Boeing, King County International Airport, Boeing Field, REUTERS, Rights, Airbus, planemaker, Boeing Commercial Airplanes, Bloomberg TV, Reuters, Air India, Thomson Locations: Seattle , Washington, U.S

☆ New York Fed: Many Buy Now, Pay Later users are financially fragile
▼ + stars: | 2023-09-26 | by ( Alicia Wallace | ) edition.cnn.com time to read: +3 min

Minneapolis CNN —Buy Now, Pay Later installment payment offerings appear to be disproportionately used by people facing financial difficulties, raising concerns about the potential for greater money trouble, according to research from the Federal Reserve Bank of New York released Tuesday. New York Fed researchers delved into recently collected consumer survey data to determine who is being offered BNPL options and who uses them. They drew on data collected as part of the June 2023 Survey of Consumer Expectations Credit Access Survey, which included a set of BNPL-specific questions. “The fact that a disproportionate share of BNPL users are already financially fragile raises questions about the resilience of BNPL lending and its performance following an adverse economic shock,” New York Fed researchers wrote. The New York Fed research substantiates previously raised concerns from critics that BNPL may attract — and could ultimately harm — financially fragile individuals.

Persons: ” Organizations: Minneapolis CNN, Federal Reserve Bank of New York, New York Fed, Consumer, Survey, ” New York Fed, Consumer Financial Protection Locations: Minneapolis

A VinFast VF8 electric SUV is displayed during CES 2022 at the Las Vegas Convention Center in Las Vegas, Nevada, U.S. January 5, 2022. If fulfilled, Europe would become VinFast's biggest overseas market this year. The company had shipped about 2,100 EVs earlier this year to the United States. Should the EU probe conclude that punitive duties on China-made EVs are warranted, VinFast could find its cars are more competitively priced. VinFast, which is part of Vietnamese conglomerate Vingroup (VIC.HM), was formed in 2017 and began making EVs in 2021 after dropping its manufacturing of cars with internal combustion engines.

Persons: Steve Marcus, Thuy, Inovev, VinFast, Phuong Nguyen, Francesco Guarascio, Miral Organizations: Las Vegas Convention, REUTERS, Rights, Reuters, European Union, Nasdaq, EU, Thomson Locations: Las Vegas , Nevada, U.S, Rights HANOI, Europe, France, Germany, Netherlands, VinFast's, Vietnam, United States, Israel, China, Indonesia, India, East, Africa, Latin America

Part of the order essentially directed the environmental, health and transportation officials to continue doing what they are doing to make sure Norfolk Southern fulfills its responsibilities and report on the progress. Norfolk Southern has also promised to pay for upgrading East Palestine's parks and water treatment center. Norfolk Southern has also said it will establish funds to pay for lost home values, any long-term health concerns and water contamination issues that result from the derailment. “From the beginning, Norfolk Southern has committed to making it right in East Palestine and covering all costs associated with the clean-up. “This is an overdue but welcomed step to support the people of East Palestine,” said Brown.

Persons: Joe Biden, Biden, Mike DeWine, Dan Tierney, “, Jessica Conard, Jami Wallace, Sen, Sherrod Brown, ”, Brown, aren't, Patrick Orsagos Organizations: Norfolk Southern, FEMA, Federal Emergency Management Agency, Ohio Gov, Southern, Norfolk, Ohio, East, East Palestine Unity Council, Norfolk Southern ., Associated Press Locations: Ohio, Pennsylvania, East Palestine, Norfolk Southern, Palestine, Norfolk, Atlanta, Norfolk Southern . U.S, Columbus , Ohio

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