Month: May 2023
Alzheimer’s treatment Leqembi could cost Medicare up to $5 billion per year, study estimates
The Alzheimer’s drug LEQEMBI is seen in this undated handout image obtained by Reuters on January 20, 2023. Eisai | Reuters The new Alzheimer’s antibody treatment Leqembi could cost Medicare up to $5 billion per year, according to research published in a leading medical journal this week. Medicare would spend about $2 billion per year […]
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Americans in most states will no longer receive Covid exposure notifications on phones
Americans in most states will no longer receive Covid exposure notifications on their smartphones now that the U.S. public health emergency has ended. Since 2020, nearly 30 states have used a Bluetooth system developed by Apple and Google to track the spread of Covid infections and send push alerts to any smartphone user who came […]
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A photo voltaic stock and two tech giants arise as this week’s top S&P 500 gainers
Wall Street is on tempo for yet another 7 days of losses — but particular names managed to outperform. As of Friday afternoon, the S & P 500 and the Dow Jones Industrial Average ended up on track for their next week in the purple. The broad current market index dropped .9% throughout the 7 […]
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Vietnam EV maker VinFast to listing in U.S. by way of a SPAC
A VinFast EV car on exhibit at the New York Automobile Exhibit, April 13, 2022. Scott Mlyn | CNBC Vietnamese electrical automaker VinFast stated on Friday it will list in the United States via a merger with distinctive goal acquisition business (SPAC) Black Spade Acquisition Co. The transfer arrives right after the startup past thirty […]
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Stocks making the biggest moves midday: First Solar, News Corp, Charles Schwab, Twilio and more
In this article HOOD TWLO IEP NWSA FSLR Follow your favorite stocksCREATE FREE ACCOUNT Connie Black makes adjustments to the manufacturing line for the series 6 solar panels seen during a tour of a First Solar plant in Walbridge, Ohio, October 6, 2021. Dane Rhys | Reuters Check out the companies making the biggest moves […]
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These buyback champions are shrinking their share count and analysts love them
As earnings period winds down, traders can tap into these buyback champions that are shrinking their share rely, and are beloved on Wall Avenue. Extra than 460 providers in the S & P 500, or about 92%, have reported earnings, according to FactSet. Of these, 78% reported a good surprise. For investors, that suggests the […]
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Wells Fargo says the S&P 500 is topping out and a correction is in advance
The S & P 500 may perhaps just take a leg down as shorting gets far more beautiful and traders shift interest further than earnings season. Fairness analyst Christopher Harvey stated the index is “topping out” soon after nearing a 4,200-position focus on in what he called a pattern of “fits-and-starts.” He expects the index […]
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U.S. can prevent default in July if Treasury can make it via June income crunch, Congressional Spending budget Place of work suggests
People today wander and trip bicycles past the US Capitol in Washington, DC, on Could 11, 2023. Jim Watson | AFP | Getty Pictures WASHINGTON — The Congressional Budget Workplace on Friday reported that tax revenues and crisis actions right after June 15 “will most likely enable the govt to proceed financing operations through at […]
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Fed Governor Philip Jefferson named as new vice chair to realize success Lael Brainard
Critical Points President Joe Biden explained Friday he will nominate Philip Jefferson to provide as the central bank’s vice chairman. He also intends to nominate Adriana Kugler for a vacant governor’s seat and Lisa Cook dinner for a different expression as governor Source
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Nordstrom wants off-price chain Rack to lead it out of sales slump
Signage outside a Nordstrom Rack retail store in New York, US, on Thursday, Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images Shoppers are hungry for deals as they pay more for food and necessities. People are looking for clothes and accessories as they juggle parties, vacations and days at the office again. But […]
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