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☆ A drug company abandoned a treatment for ‘bubble boy disease.’ After a 5-year fight, this little girl is about to get it
▼ + stars: | 2023-04-27 | by ( Elizabeth Cohen Lauren Mascarenhas | Elizabeth Cohen | Lauren Mascarenhas | ) edition.cnn.com time to read: +29 min

The Sulacks weighed their options: Have a transplant with a match that was less than ideal – far less – or wait for gene therapy to become available. The news release didn’t say anything else about the SCID gene therapy. Or was the company abandoning its plans for SCID gene therapy altogether? In February, 2021, the parents of more than 20 children who were waiting for the gene therapy treatment, including the Sulacks, wrote a letter to Gaspar. Insurance companies have sometimes balked at paying for gene therapy, which is typically given in one treatment.

☆ Anthony Richardson’s N.F.L. Draft Status Is Up in the Air
▼ + stars: | 2023-04-25 | by ( Emmanuel Morgan | ) www.nytimes.com time to read: +1 min

GAINESVILLE, Fla. — Anthony Richardson chuckled as the football puttered to the ground. He had launched a high-arcing pass near the end of the University of Florida’s pro day, a March workout in front of scouts from all 32 N.F.L. The heave may have missed its target, but it displayed Richardson’s powerful arm during the job audition. The display encapsulated the scouting report on Richardson, who is projected as a top-10 selection in the N.F.L. draft: jaw-dropping talent, erratically deployed.

☆ Biden vs. Trump? Why 2024 could be the most boring presidential primary season ever
▼ + stars: | 2023-04-23 | by ( Harry Enten | ) edition.cnn.com time to read: +6 min

At this point, Biden doesn’t look likely to break that streak. First, primary endorsements are as good a predictor at this point of primary success as polling is. Second, it’s true that Democratic primary voters tell pollsters they are open to listening to a credible challenger to Biden. So it’s not like Democratic voters will be kicking and screaming if they have to support Biden for another term. Trump, like Biden, seems to have two things going for him: a large share of Republican voters and the party behind him.

☆ France's Ynsect to refocus bug business after capital increase
▼ + stars: | 2023-04-16 | by ( Sybille De La Hamaide | ) www.reuters.com time to read: +3 min

[1/2] Ynsect's Chairman and CEO Antoine Hubert displays mealworms at the laboratory of the insect farm Ynsect, which harvests mealworms for bug-based animal food and fertilizer, in Dole, France, October 22, 2020. Farmed bugs, such as mealworms, are ground down to produce proteins for aquaculture, livestock, pet food, fertilisers and human nutrition. Ynsect will close its Dutch production plant, acquired through the takeover of Protifarm in 2021, which rears a different type of bug, while keeping research activities. In addition the company will cut 38 jobs in France, out of a total of about 360 people, Hubert said. In its latest round of fund raising in 2020 Ynsect brought in more than 315 million euros, of which about 175 million euros was capital and the rest in debt and subsidies.

☆ The top 4 sports and sports tech VCs are ready to open their checkbooks. Here's what they're looking for.
▼ + stars: | 2023-03-23 | by ( Matthew Kish | ) www.businessinsider.com time to read: +10 min

Courtside Ventures in January closed a $100 million fund, its biggest yet. KB Partners late last year closed a $127 million fund, also its biggest yet. If you're not in one of those lanes, don't bother reaching out, even though the firm has the new $100 million fund to dole out. Parikh expects fewer investments in media companies out of the new fund, but more investments in gaming. It's doling out the money through two accelerator programs and an investment fund.

☆ US declines to force lower price on cancer drug Xtandi
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, March 21 (Reuters) - The U.S. government will not force Pfizer Inc (PFE.N) and Astellas Pharma Inc (4503.T) to lower the price of their prostate cancer drug Xtandi using its emergency "march-in" authority, the National Institutes of Health (NIH) said on Tuesday. Patient group the Union for Affordable Cancer Treatment first filed a petition calling on the NIH to use its authority to lower the drug's price in March 2016. The NIH said in a letter made public on Tuesday that its analyses in response to the petition found the prostate cancer treatment was widely available. "NIH does not believe that use of the march-in authority would be an effective means of lowering the price of the drug," the letter said. Progressive lawmakers in the Democratic Party have been calling on President Joe Biden's administration to use its march-in authority to lower drug prices.

☆ Credit Suisse shares tumble more than 20%, leading a plunge in European bank stocks
▼ + stars: | 2023-03-15 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

Credit Suisse shares fell 21% Wednesday after its Saudi backers ruled out more investment. Shares in Credit Suisse slid 21.91% to $1.96 in pre-market trading in US-listed shares. "If we go above 10%, all new rules kick in whether it be by our regulator or the Swiss regulator or the European regulator," he said. In a further sign of turmoil, the cost of insuring bonds of Credit Suisse against a default in the near term has surged. The five-year credit default swaps on Credit Suisse debt extended to 533 basis points from 549 basis points at last close, per Reuters.

☆ Disney's famous Dole Whip is no longer limited to theme parks as the pineapple treat heads to grocery stores
▼ + stars: | 2023-03-08 | by ( Nancy Luna | ) www.businessinsider.com time to read: +2 min

The Dole Whip soft-serve cup is an iconic treat made famous by Disneyland and Walt Disney World. Dole Packaged Foods said it is making its Dole Whip treat available nationwide in grocery stores. Dole Packaged Foods, the maker of the iconic Dole Whip, announced plans on March 3 to make the frozen treat available in supermarkets nationwide. Disneyland makes various versions of the Dole Whip treat. The food stand sells the original treats – Dole Whip and the Dole Whip Float – and several new concoctions, such as the Strawberry Dole Whip Sundae and a Chile-Mango Whip.

☆ Stocks week ahead: It's hell week on Wall Street
▼ + stars: | 2023-03-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

The unflinching resilience of the US labor market is one of — if not the — greatest source of tension in today’s economy. That means the Fed’s already painful rate hikes are likely to continue until the job market simmers. In just one year, the Federal Reserve has raised interest rates from nearly zero to a range of 4.5% to 4.75% to cool the economy. The labor market is stronger than ever: The US added a shocking 517,000 jobs in January and knocked unemployment down to its lowest level since 1969. If the labor market remains strong, more Fed-induced pain lies ahead.

☆ This week's jobs report will help determine if this nascent March rally has legs
▼ + stars: | 2023-03-05 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Where the market heads next will once again depend on inflation data — especially this week's highly anticipated jobs report. No portfolio companies report earnings next week. However, with mortgage rates bouncing back in recent weeks, it remains to be seen if the strong monthly report will see any follow up. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ I'm a Gen X working mom who tried TikTok's 'Bare Minimum Monday' trend, and it's harder than it looks
▼ + stars: | 2023-03-02 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +7 min

"Bare Minimum Monday" is the latest TikTok trend to slink into the workplace. I soon found out that Bare Minimum Monday was harder than it looked. That helps explain why for me, Bare Minimum Monday started on Sunday afternoon. But I was determined to do a realistic version of Bare Minimum Monday. "I thought this was supposed to be 'Bare Minimum Monday,'" she said, deadpan.

☆ Premarket stocks: It's bulls vs. hawks on Wall Street
▼ + stars: | 2023-02-23 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —There’s a new tussle brewing in the animal kingdom of Wall Street: Hawks vs. Bulls. The question is, will the Fed be able to break through and convince Wall Street to finally give in to market pessimism? “Setting aside what financial market participants expected us to do, I saw a compelling economic case for a 50 basis-point increase,” she said at an event in Florida. Asda told CNN that it was temporarily limiting purchases of some items to three packs per customer. Morrisons told CNN that it had imposed a cap of two packs per customer on the same products.

☆ Cyberattack on food giant Dole temporarily shuts down North America production, company memo says
▼ + stars: | 2023-02-22 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +5 min

CNN —A cyberattack earlier this month forced produce giant Dole to temporarily shut down production plants in North America and halt food shipments to grocery stores, according to a company memo about the incident obtained by CNN. “Dole Food Company is in the midst of a Cyber Attack and have subsequently shut down our systems throughout North America,” Emanuel Lazopoulos, senior vice president at Dole’s Fresh Vegetables division, said in a February 10 memo to retailers. “They [customers] are upset, but it happens,” Russell told CNN. Customers started asking questions about the bare shelves, Underwood said, prompting the store to post the Dole memo about the cyberattack on its Facebook page. The multibillion-dollar company — officially known as Dole Plc after a 2021 merger between Dole Food Company and Ireland’s Total Produce — sources produce from dozens of countries around the world.

☆ Analysis: U.S. stocks’ early-year rally is melting away as Treasury yields surge
▼ + stars: | 2023-02-22 | by ( David Randall | ) www.reuters.com time to read: +4 min

NEW YORK, Feb 22 (Reuters) - Cracks are widening in an early-year rally in stocks, as rising Treasury yields bolster the allure of bonds and skew equity valuations. Stocks are still sitting on sizeable year-to-date gains, though some of their rally has melted away in recent days. The S&P 500 (.SPX) is down 4.4% from its recent highs, but remains up 4.1% year-to-date. That is a "death zone" that makes the "risk-reward very poor" for stocks, strategist Michael Wilson wrote. To be sure, bullish investors might have history on their side, thanks in part to January’s hefty 6.2% gain for the S&P 500.

☆ These unprofitable stocks could surprise investors in a good way like Palantir
▼ + stars: | 2023-02-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

There's nothing like a formerly unprofitable company surprising investors with good news. In Palantir's case, the company's first ever positive quarter of net income on a GAAP basis helped the stock rally 21% Tuesday. The food company had a $7 million net income loss in the 2021 fiscal year. The healthcare-apparel retailer had a $9.6 million net income loss in its prior fiscal year but is expected to pull in $21.6 million in net income in its latest fiscal year. Lastly, Snowflake saw a huge net income loss of $679.9 million in 2021, but is expecting to post a $75.9 million net income gain in 2022.

☆ Americans are spending despite high inflation. Good for a couple Club stocks
▼ + stars: | 2023-02-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

E-commerce spending declined 2% year-over-year in January, Bank of America said Monday, as Americans shifted their spending towards leisure activities. The Club take Consumer spending remains healthy, despite stubbornly high inflation, and it would appear many shoppers have additional savings to dole out. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. In this handout photo provided by Walt Disney World Resort, guests stop to take a selfie at Magic Kingdom Park at Walt Disney World Resort on July 11, 2020 in Lake Buena Vista, Florida. Matt Stroshane | Walt Disney World Resort | Getty Images

☆ Eleven EU countries urge 'great caution' in loosening state aid rules
▼ + stars: | 2023-02-14 | by ( Gabriela Baczynska | ) www.reuters.com time to read: +3 min

BRUSSELS, Feb 14 (Reuters) - Eleven European Union countries urged "great caution" in relaxing the bloc's state aid rules in a bid to support Europe's green industry in a global race, saying that risked damaging competition inside the bloc, a document showed. The Commission proposed easing EU restrictions on state aid for investments in renewable energy or decarbonising industry, partly in response to the U.S. Inflation Reduction Act. "EU state aid rules should be designed taking into account the value added at the level of EU as a whole. EU state aid rules should protect the level playing field on the EU internal market," it said. The European Commission initially also proposed creating a special fund meant to help poorer EU countries dole out more state aid.

☆ Biden doubles down on needling Republicans over proposed Social Security and Medicare cuts: 'I'm your nightmare'
▼ + stars: | 2023-02-09 | by ( Kimberly Leonard | Warren Rojas | ) www.businessinsider.com time to read: +11 min

"I guess I shouldn't say any more," he said, "but particularly on Social Security and Medicare." Rubio, who is in the rumored mix for the 2024 GOP nomination, said anybody who supports slashing Social Security or Medicare is delusional. "You have to listen to what the president said the last couple of years about protecting and fighting for Medicare and Social Security." "I've never ever said I would reduce Medicare or Social Security benefits. As for Social Security, its trust funds are expected to be insolvent by 2035, which would trigger 20% in cuts across the board.

☆ Rep. Marjorie Taylor Greene is cleaning up her image and cozying up with GOP leadership to gain power. It's working.
▼ + stars: | 2023-02-01 | by ( Madison Hall | ) www.businessinsider.com time to read: +7 min

Rep. Marjorie Taylor Greene is cozying up with GOP leadership after two years of being an outsider. Two years later, under Republican leadership, she's angling herself into positions of power. It's clear she's learned valuable lessons from two of her GOP colleagues, Rep. Lauren Boebert and former Rep. Madison Cawthorn. In spite of this, Gingrich ultimately gained prominence among the GOP, becoming the Republican whip and later speaker of the House. Republican Rep. Marjorie Taylor Greene of Georgia takes a selfie with Kevin McCarthy after his election as speaker of the House.

☆ Samsung unveils new Galaxy smartphone lineup with powerhouse camera
▼ + stars: | 2023-02-01 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +5 min

The new lineup, which includes the 6.8-inch Galaxy S23 Ultra, 6.6-inch Galaxy S23+, and 6.1-inch Galaxy S23, look similar to last year’s models, but with new photo features, a longer lasting battery life (with faster charging speeds) and an exclusive chip. The cameras on the Galaxy S23+ and Galaxy S23 even have a subtle new look: the contour housing has been removed, which Samsung said marks a new era of design. The Galaxy S23 Ultra’s display comes with a reduced curvature to create a larger and flatter surface intended to improve the visual experience. Galaxy S23 Ultra, which comes with Samsung’s signature S pen, will start at $1,199.99, while the Galaxy S23+ starts at $999.99 and Galaxy S23 starts at $799.99. “The Galaxy S23 family demonstrates just how hard it is to tell a new story in today’s smartphone market,” said Leo Gebbie, principal analyst at CCS Insight.

☆ EU Prepares to Offer Clean Tech Tax Breaks to Compete With U.S. Green Subsidy Push
▼ + stars: | 2023-01-31 | by ( Kim Mackrael | ) www.wsj.com time to read: 1 min

European Commission President Ursula von der Leyen. The bloc’s executive body is set to release a proposal to loosen state-aid rules on investing in clean-tech. BRUSSELS—The European Union wants to make it easier for governments to dole out tax breaks and other aid to clean-tech companies, part of a push to counter generous U.S. subsidies that officials worry will draw investment away from Europe. The European Commission, the bloc’s executive body, is set to release a proposal on Wednesday outlining how the EU might relax bloc-wide rules that limit how member countries can subsidize businesses. The plan will also look to set aside money to help European governments with limited fiscal firepower compete for investment.

☆ Meet the typical Walmart shopper, a 59-year-old white suburban woman earning $80,000 a year
▼ + stars: | 2023-01-30 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Walmart's average customer is a woman who is 59.5 years old, white, married, and earning $80,000 per year. Because of the retail giant's scale, the average Walmart shopper has a lot in common with the average US consumer, according to data from the analytics firm Numerator prepared for Insider. Roughly 95% of the shoppers in Numerator's survey visited Walmart two or more times in the past year. Numerator found that Walmart's typical shopper in the US is a white woman between 55 and 64 years old, who is married and living in the suburbs of the Southeast. Read more of our typical shopper profiles:

☆ 3 of TikTok's most popular financial influencers want you to know one thing: There's no one quick way to get rich
▼ + stars: | 2023-01-29 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Most young Americans are on TikTok, and surveys have found that roughly a third of them are seeking financial guidance on the platform. The 34-year-old uses his knowledge to dole out investing advice for his over 500,000 followers across TikTok, Instagram, and Patreon. He produces what he hopes is "entertaining but also educational" financial content for his 1.6 million TikTok followers, he told Insider. He says "absolutely nothing" he posts should be taken as financial advice, however. That said, he shares his investing tips and opinions with his audience, as well as what has helped him personally as a crypto investor.

☆ Vanguard's global investment expert explains what traders are doing to kick off 2023 and how markets are reacting to the Federal Reserve's policy tightening.
▼ + stars: | 2023-01-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Today, I'm sharing my conversation with Fiona Greig of Vanguard's Investment Strategy Group. Fiona Greig, global head of investor research and policy for Vanguard VanguardFiona Greig is the global head of investor research and policy for Vanguard's Investment Strategy Group. This suggests a "stay the course" posture, meaning yes there's been volatility, but the longer term outlook they have for the stock market is stable. There's some lower expectations for stock market returns in the short term, but we see pretty clear expectations and optimism for returns in the next 12 months, and even 10 years. The firm's strategists said these companies pay out a healthy dividend and can offset stock market losses in a slow-growth economic landscape.

☆ Matt Gaetz revels in his slackerdom while other House speaker vote rebels assume flashier roles: 'I'm making back benching great again'
▼ + stars: | 2023-01-27 | by ( Warren Rojas | Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Rep. Matt Gaetz was one of 20 House Republicans who challenged Kevin McCarthy's speaker bid. Gaetz told Insider that he's happier cruising along than climbing the political ladder. Earlier this week McCarthy named the 12 House Republicans spearheading a new "weaponization of federal government" subcommittee that was one of Gaetz's top priorities during the speaker vote negotiations. Jordan and other House Republicans are already stepping all over each other to chip away at President Joe Biden's reelection prospects ahead of the 2024 election. As one GOP strategist told Insider earlier this month about Gaetz: "I don't think this guy's looking to be a policymaker."

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