Day: August 19, 2024
Novo Nordisk vs. Eli Lilly: Analysts weigh in as the obesity-drug battle heats up
COPENHAGEN, Denmark — Analysts are paying close attention to Novo Nordisk and Eli Lilly , as the battle to dominate the weight loss drug market heats up. Europe’s largest company Novo Nordisk has dominated headlines since anti-obesity medication took off. It produces weight-loss and diabetes drugs Wegovy and Ozempic and saw its shares rise exponentially […]
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Stock futures are little changed after S&P 500 posts longest win streak since November: Live updates
Traders work on the floor of the New York Stock Exchange on Aug. 16, 2024. Angela Weiss | AFP | Getty Images U.S. stock futures were flat Monday night after the S&P 500 and the Nasdaq Composite notched their longest winning streaks of 2024. Dow Jones Industrial Average futures traded near the flatline. Futures tied […]
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Top Harris campaign donors have dozens of private, VIP events this week. Here’s the schedule
US Vice President and Democratic presidential candidate Kamala Harris speaks to reporters outside Primanti Bros. Restaurant and Bar during a bus campaign tour stop in Moon Township, Pennsylvania, on August 18, 2024. Angela Weiss | AFP | Getty Images CHICAGO — Major Harris campaign donors are slated to attend various VIP events and enjoy exclusive […]
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Trump says he would offer Tesla CEO Elon Musk a Cabinet slot, but might end EV tax credit
Elon Musk (L) and Donald Trump (R). David Swanson | Vincent Alban | Reuters Former President Donald Trump on Monday said he would offer Tesla and SpaceX CEO Elon Musk a Cabinet position or an advisory role in his administration if he wins a second term in the White House. Trump told Reuters in an […]
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Harris proposes raising the corporate tax rate to 28%, rolling back a Trump law
Democratic presidential candidate, U.S. Vice President Kamala Harris speaks at a campaign canvass kickoff event at a Beaver County Field Office on August 18, 2024 in Rochester, Pennsylvania. Anna Moneymaker | Getty Images Vice President Kamala Harris is calling for raising the corporate tax rate to 28%, her first major proposal to raise revenues and […]
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Former New York Rep. George Santos pleads guilty to wire fraud, identity theft
Former New York Rep. George Santos pleaded guilty Monday in federal court in Long Island to committing wire fraud and aggravated identity theft. Santos, a Republican, had been set to begin trial next month on a 23-count superseding indictment accused him of wire fraud, identity theft, and making false statements to the Federal Election Commission. […]
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The stock market is on a hot streak — the kind that comes during spectacular years for returns
The S & P 500 is on track to nab its longest winning streak of 2024. Historically speaking, that has recently been a good omen for how the rest of the year will shake out. The broad index saw its eighth straight advance Monday. That is the longest string of gains since November 2023. .SPX […]
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Democrats grants special convention access to over 200 content creators
The content creator platform at the 2024 Democratic National Convention in Chicago, Ill. Democratic National Convention staff Over 200 digital content creators will attend the Democratic National Convention in Chicago this week with dedicated “creator credentials” that will grant these hugely influential, nontraditional members of the media special access to the party’s convention. “Bringing creators […]
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These high-yielding assets tend to do well in rate cutting cycles. What to know
As investors await the Federal Reserve’s first rate cut, those who are seeking income may want to consider preferred securities, according to a Bank of America analysis. The assets, which can have yields of roughly 6%, are a hybrid product that trade on exchanges like stocks but have par values and pay income like bonds. […]
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California cracks down on organized retail crime with new package of laws
Governor Newsom signed into law the most significant bipartisan legislation to crack down on property crime at a Home Depot store in San Jose, California, United States on August 16, 2024. Tayfun Coskun | Anadolu | Getty Images California Gov. Gavin Newsom has signed 10 new bills into law that aim to combat retail crime […]
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