Month: August 2023
Covid vaccine stocks jump as new variants emerge ahead of fall shot rollout
Nikos Pekiaridis | Lightrocket | Getty Images Covid vaccine makers’ shares rose Monday as new variants of the virus emerge in the U.S. ahead of the rollout of updated shots this fall. Shares of Novavax jumped more than 13%. Moderna‘s stock rose more than 9%. Shares of BioNTech, which jointly develops Covid vaccines with Pfizer, […]
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Has local climate alter made utilities a dangerous bet? What earnings investors need to know
With yields generally thought of harmless, utility stocks have extensive been a beloved money play for retirees. However climate change may set those strategies at possibility. The wildfires in Maui are just the most current instance of extreme climate and the peril experiencing utilities. Hawaiian Electric powered , which currently has a 10.5% dividend produce, […]
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Pentagon space arm awards $1.5 billion contract to Lockheed Martin and Northrop Grumman for communications satellites
An artist illustration shows the functions of SDA’s satellite constellation. Space Development Agency The Pentagon’s Space Development Agency on Monday awarded $1.5 billion in contracts to Lockheed Martin and Northrop Grumman for prototype communications satellites. SDA said the 72 satellites will be for the “Beta” variant of its Tranche 2 Transport Layer constellation, a network […]
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Weight loss drugs boost sales at retail pharmacies, but they may not help profits much
A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, U.S. March 29, 2023. George Frey | Reuters Drugmakers aren’t the only ones feeling the impact of the weight loss industry gold rush. Retailers with pharmacy businesses, such […]
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American workers are demanding practically $80,000 a 12 months to take a new position
A lady waits on buyers at the Exact Working day Cafe in the Logan Square community on August 18, 2023 in Chicago, Illinois. Scott Olson | Getty Illustrations or photos The sum of funds most workers want now to settle for a work reached a history substantial this yr, a sign that inflation is alive […]
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This biotech name is one of Jim Cramer’s favorite stocks and he thinks it can go even higher
Regeneron Pharmaceuticals (REGN) rose Monday after the Food and Drug Administration approved a higher-dose formulation of Eylea, the company’s macular degeneration treatment. If you like this story, sign up for Jim Cramer’s Top 10 Morning Thoughts on the Market email newsletter for free. CNBC’s Jim Cramer said on “Squawk on the Street” that Regeneron is […]
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Axiom Space raises $350 million from Saudi and Korean investors
Chief Engineer Jim Stein wears the new spacesuit during the Axiom Space Artemis III Lunar Spacesuit event at Space Center Houston in Houston, Texas, on March 15, 2023. – “Since a spacesuit worn on the Moon must be white to reflect heat and protect astronauts from extreme high temperatures, a cover layer is currently being […]
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Redwire and Sierra team up to make drugs in space on inflatable habitat’s first mission
An ADSEP with blue PIL-BOXs, hardware which will be delivered to Sierra Space for the LIFE habitat pathfinder mission. Redwire Space infrastructure company Redwire is putting a biotech technology testbed on Sierra Space’s first mission with its inflatable space habitat, establishing a new partnership between the two companies to make drugs in orbit. “It’s an […]
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Europe shares bigger as British isles homebuilders tumble China stimulus underwhelms
LONDON — European stock marketplaces have been larger on Monday after closing Friday at a six-7 days small. The Stoxx 600 index trimmed earlier gains to trade .5% increased in afternoon investing, with most sectors in constructive territory. Oil and gas stocks led gains, up 1%, as building shares dipped .17%. China’s central bank cut its […]
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We’re buying more of 2 stocks, deploying some of our cash pile in an oversold market
We’re putting a little more of our big cash position to work Monday into the oversold market. Source
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