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Stock Market Today: Dow, S&P Live Updates for April 26: A rally in the world’s largest technology companies lifted stocks, with Wall Street also breathing a sigh ...
bloomberg.com/news/articles/2024-04-25/stock-market-today-dow-s-p-live-updates
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Stock Market Today: Dow, S&P Live Updates for April 26: A rally in the world’s largest technology companies lifted stocks, with Wall Street also breathing a sigh ...
bloomberg.com/news/articles/2024-04-25/stock-market-today-dow-s-p-live-updates
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Singapore Bank Fires Workers Over Misuse of Medical Claims: CNA: Bank of Singapore Ltd., the private-banking arm of Oversea-Chinese Banking Corp. ...
bloomberg.com/news/articles/2024-04-27/singapore-bank-fires-workers-over-misuse-of-medical-claims-cna
US food regulator gathering information on Indian spices after alleged contamination
reuters.com/world/india/us-food-regulator-gathering-information-indian-spices-after-alleged-2024-04-27/
Yen (JPY) Short Bets Hit a Record Ahead of BOJ Meeting: Traders upped bearish yen positions to a record high in the days ahead of the Bank of Japan’s policy ...
bloomberg.com/news/articles/2024-04-26/yen-traders-boosted-shorts-to-fresh-record-ahead-of-boj-meeting
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US Consumer Sentiment Falls as Inflation Expectations Climb: US consumer sentiment fell in April on dimmer views of personal finances and the economy as ...
bloomberg.com/news/articles/2024-04-26/us-consumer-sentiment-falls-as-inflation-expectations-climb
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US Small-Business Rent Delinquencies Rise to a Three-Year High: The delinquency rate for US small businesses climbed to a three-year high this month ...
bloomberg.com/news/articles/2024-04-26/us-small-business-rent-delinquencies-rise-to-a-three-year-high
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Biden administration indefinitely postpones rule that would have banned menthol-flavored cigarettes
apnews.com/article/menthol-ban-fda-biden-cigarettes-smokers-e9a28fb0ac70fcb0ad8e106c42d4c951
Quick Glance: Biden administration faces delays in menthol cigarettes ban
- The planned implementation of a ban on menthol cigarettes in the US is expected to take 'significantly more time,' according to US Health and Human Services Secretary Xavier Becerra in a statement on Friday.
- In April 2022, the US Food and Drug Administration (FDA) initially announced the ban on the popular mint flavor, setting a deadline for August 2023. Final rules were sent to the White House Office of Management and Budget for review in October, with the status listed as 'pending.'
- According to the proposed FDA regulations, the manufacturing and sale of menthols would be prohibited, without direct regulation of smokers themselves.
- A prohibition on menthol cigarettes could potentially save up to 650,000 lives over the next 40 years, with a third of these lives being saved within the black community, as stated by the Campaign for Tobacco-Free Kids.
Starbucks and US workers' union meet for contract negotiations: Starbucks held contract negotiations with the Workers United union over a two-day session in ...
reuters.com/business/retail-consumer/starbucks-us-workers-union-meet-contract-negotiations-2024-04-26/
US FDA approves Pfizer's gene therapy for rare bleeding disorder: The U.S. Food and Drug Administration approved Pfizer's gene therapy for hemophilia B on Friday ...
reuters.com/business/healthcare-pharmaceuticals/us-fda-approves-pfizers-gene-therapy-rare-bleeding-disorder-2024-04-26/
Quick Glance: FDA approves Pfizer’s gene therapy for hemophilia B
- The FDA has approved Pfizer's first gene therapy drug for a rare inherited bleeding disorder.
- Beqvez, a unique gene therapy drug by Pfizer, has been approved for adults with moderate to severe hemophilia B.
- The drug enables patients to produce Factor IX themselves to prevent and control bleeding.
- Pfizer is competing with a similar treatment from CSL Behring and planning more gene therapies for various genetic disorders.
Tech Rally Propels Emerging Stocks to Best Week Since July: Emerging-market stocks rose Friday, cementing their biggest weekly advance in nine months ...
bloomberg.com/news/articles/2024-04-26/em-stocks-head-for-best-week-since-july-on-us-tech-spillover
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UMB Financial in Talks to Acquire Rival Bank Heartland: UMB Financial Corp. is in talks to acquire rival Heartland Financial USA Inc., people with knowledge of ...
bloomberg.com/news/articles/2024-04-26/umb-financial-in-talks-to-acquire-rival-bank-heartland
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Bird flu: traces detected in US milk; senators push for action: Colorado became the ninth U.S. state to report a dairy herd infected with bird flu on Friday as ...
reuters.com/world/us/us-fda-says-about-1-5-commercial-milk-samples-tested-positive-bird-flu-traces-2024-04-26/
Bird Flu Virus Found in One in Five US Milk Samples, FDA Says: Fragments of the bird flu virus have been found in about one fifth of commercial milk samples ...
bloomberg.com/news/articles/2024-04-26/bird-flu-virus-found-in-one-in-five-us-milk-samples-fda-says
Quick Glance: Key Insights on Bird Flu-Traced Milk Safety
- FDA confirms traces of bird flu in milk, but emphasizes low public risk.
- Although genetic material of the virus was found in milk, tests show no infectious or live form.
- Authorities have not conducted specific studies on bird flu inactivation in cow's milk through pasteurization.
- Experts stress that milk with bird flu traces is safe as long as it is pasteurized and sourced from infected cows.
US Bitcoin (BTC) ETFs Suffer One of Worst Outflows as Token Wavers: Investors pulled a net $218 million from US Bitcoin exchange-traded funds ...
bloomberg.com/news/articles/2024-04-26/us-bitcoin-btc-etfs-suffer-one-of-worst-outflows-as-token-wavers
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Bird flu virus traces found in 1 in 5 samples of pasteurized milk: FDA: The Food and Drug Administration (FDA) has found that about 1 in 5 samples of retail milk ...
thehill.com/policy/healthcare/4623974-bird-flu-virus-traces-pasteurized-milk-fda/
Quick Glance: Unanswered Inquiries Regarding Advancing Avian Flu in U.S. Cows
- The advancing spread of avian flu in U.S. dairy cattle continues to raise numerous questions. Scientists emphasize the minimal risk to humans, but uncertainties persist regarding the dissemination and impact of the virus.
- Despite confirming the virus in nine states and over 30 herds, the actual scope of spread remains ambiguous due to insufficient testing.
- Researchers express concerns about potential public health implications, the infectivity of the virus in milk, and its transmission. Only one human infection has been officially recorded amid the ongoing outbreak.
- Experts hold differing views on the human risks as the virus persists among cows. The mutation possibility poses a potential threat to human health.
US economy grew less than expected in first quarter at 1.6% rate: Higher than expected price pressures cast doubt on potential for Fed rate cuts
ft.com/content/f9e3ebdd-0977-4b12-84cd-25c7380f91cb
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Quick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
Drop in BOJ’s Bond Holdings Gives Market Taste of Quantitative Tightening: Investors in Japanese government bonds have already had a taste of quantitative ...
bloomberg.com/news/articles/2024-04-26/drop-in-boj-s-bond-holdings-gives-market-taste-of-quantitative-tightening
Dovish BOJ Decision Paves Way for Even Weaker Yen, Analysts Say: The Bank of Japan largely left its monetary policy settings unchanged Friday ...
bloomberg.com/news/articles/2024-04-26/dovish-boj-decision-paves-way-for-even-weaker-yen-analysts-say
US Economic Growth Isn't Helping Biden Reelection Campaign Due to Inflation: The latest good news and bad news about the US economy is just plain bad news ...
bloomberg.com/news/articles/2024-04-26/growth-plus-inflation-economy-is-a-lose-lose-for-biden
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Yellen says economy performing well, inflation will ebb: Treasury Secretary Janet Yellen said on Thursday that the U.S. economy "continues to perform very ...
reut.rs/3QePZz6
How Addiction and Alcoholism Affected My Romantic Relationships: I’m going to go a little bit deep on this one, as it is personally a quite timely piece for me ...
blogs.webmd.com/substance-abuse/20211122/how-addiction-and-alcoholism-affected-my-romantic-relationships
Snap Stock Jumps After Sales Projections Beat Estimates on Ads: Snap Inc. gained in extended trading after projecting that revenue in the current quarter will ...
bloomberg.com/news/articles/2024-04-25/snap-projects-sales-that-tops-estimates-on-improved-ad-business
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Walmart’s Rob Walton to Retire From Board: Chipotle CEO Brian Niccol will replace his spot on the board of directors.
barrons.com/articles/walmart-rob-walton-retire-board-26c3cd33
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Bill Gross Says Stick to Value Stocks, Avoid Tech as Treasury Yields Soar: Bill Gross offered some advice to investors as Treasuries and equities slumped ...
bloomberg.com/news/articles/2024-04-25/bill-gross-says-stick-to-value-over-tech-as-us-yields-soar
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US Treasury Yields Rise as Price Pressures Cast Doubt on Fed Rate-Cut Path: Treasury yields rose to 2024 highs as evidence of sticky US price pressures casts ...
bloomberg.com/news/articles/2024-04-25/treasuries-hold-losses-after-seven-year-sale-meets-expectations
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China Overseas Investment Is at Eight-Year High as Firms Build Factories Abroad: China’s overseas investment is heading for an eight-year high as its dominant ...
bloomberg.com/news/articles/2024-04-25/china-firms-are-investing-abroad-at-fastest-pace-in-eight-years
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Cooler US GDP Growth Obscures Resilient Demand From Consumers, Businesses: The surprisingly sharp downshift in US economic growth last quarter masked otherwise ...
bloomberg.com/news/articles/2024-04-25/cooler-us-gdp-growth-obscures-resilient-demand-from-consumers-and-businesses
Pantera Capital Seeks to Raise $1 Billion for a New Crypto Fund: Pantera Capital, one of the largest managers of digital assets, is seeking to raise more than $1 ...
bloomberg.com/news/articles/2024-04-25/pantera-capital-seeks-to-raise-1-billion-for-a-new-crypto-fund
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The 3.5 Percent Inflation Plateau: Prices have been rising faster than expected for the past three months. What’s going on?
theatlantic.com/ideas/archive/2024/04/inflation-above-fed-target/678174/
US FDA sends warning letter to Cardinal Health for marketing unapproved devices
reut.rs/4bawEqO
Quick Glance: US FDA issues warning to Cardinal Health for marketing unauthorized devices
- Following an inspection of its facility in Illinois, the US health regulatory body issued a warning letter to Cardinal Health for marketing and distributing unauthorized devices from a Chinese manufacturer.
- In 2023, the U.S. Food and Drug Administration advised against using certain syringes manufactured in China due to reports of leaks, breakages, and quality issues, and recently expanded the guidelines.
- Cardinal has not responded to a request for comment from Reuters. The inspection revealed that Cardinal was importing two types of syringes under the Monoject brand.
- These syringes are utilized for injecting or withdrawing fluids from the body, as well as administering fluids or medications through a patient's feeding tube. In November, the agency cautioned healthcare providers and facilities against using Cardinal's Monoject syringes with pain management and syringe pumps.
Smokeless Products Are the Future of Big Tobacco. This Company Is Losing the Race.
on.barrons.com/3y3rpdW
Gold Continues to Boom. The Major Buyer: Central Bankers: Central banks have long been supporting players in the demand for gold. But the sanction on dollar ...
on.barrons.com/3xSUbhu
Traders See Cocoa Rally Top $15,000 on Lingering Supply Shortage: Cocoa prices have been on a tear this year and the rally may have even more room to run as bean ...
bloomberg.com/news/articles/2024-04-25/traders-see-cocoa-rally-top-15-000-on-lingering-supply-shortage
Science is closing in on the frailties of old age: Research is finding way to extend animal lifespans but regulators are still wary of treating ageing as a ...
ft.com/content/bb0a8eb7-227a-400a-919a-ab7dd2f20f0b
G42 Allies With US Over China in Global AI Conflict: Abu Dhabi-based G42 found it could no longer play for both teams.
bloomberg.com/news/articles/2024-04-25/g42-allies-with-us-over-china-in-global-ai-conflict
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Pre-Ozempic Obesity Drugs: Effective and Budget-Friendly: Before there was Ozempic, there were these cost-friendly, safe, and highly effective weight loss drugs ...
webmd.com/obesity/news/20240426/pre-ozempic-obesity-drugs-effective-and-less-costly
The Dream of Fed Rate Cuts Is Slipping Away: Investors are backing away from expectations that the central bank can reduce rates in coming months ...
wsj.com/economy/central-banking/the-dream-of-fed-rate-cuts-is-slipping-away-55903ca5
Household Debt Hits Record High As Indians Splurge, Study Shows: India’s household debt likely surged to a record in the final three months of last year ...
bloomberg.com/news/articles/2024-04-25/household-debt-hits-record-high-as-indians-splurge-study-shows
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Here's Who's Winning the Global Fight for AI Talent: Inside the competition for top-tier researchers.
bloomberg.com/news/articles/2024-04-25/here-s-who-s-winning-the-global-fight-for-ai-talent
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What to know about Zyn, the tiny nicotine pouch that's sparked a big health debate
apnews.com/article/zyn-pouches-nicotine-smoking-teenagers-fda-424a020348cdc6495684272a2a671c6a
Merck raises 2024 profit forecast on surging sales of cancer drug Keytruda: Merck & Co on Thursday raised its annual profit and revenue forecasts on the back of ...
reuters.com/business/healthcare-pharmaceuticals/merck-raises-2024-profit-forecast-strong-cancer-hpv-drugs-sales-2024-04-25/
Quick Glance: Merck boosts 2024 profit outlook due to Keytruda sales
- Merck & Co. raises annual profit and revenue forecasts based on double-digit growth for the blockbuster cancer drug Keytruda.
- Sales for 2024 are estimated to be between $63.1 billion and $64.3 billion, an increase from the previous forecast.
- Keytruda recorded $6.95 billion in sales in the first quarter, a 20% increase from the previous year.
- Merck also saw strong growth with its vaccine Gardasil, the drug Vaxneuvance, and a successful acquisition of Harpoon Therapeutics in the first quarter of 2024.
Gilead posts quarterly loss on acquisition charge, revenue rises 5%: Gilead Sciences reported a first-quarter loss on Thursday after taking a $3 ...
reuters.com/business/healthcare-pharmaceuticals/gilead-posts-quarterly-loss-revenue-rises-5-2024-04-25/
FDA and USDA food recalls reach highest level since before pandemic: Undeclared allergen, Listeria and Salmonella were the top three reasons for food recalls in ...
axios.com/2024/04/25/food-recall-usda-fda-recalls
How LSD can be used to treat anxiety disorder: A new study shows that LSD is highly effective at treating generalised anxiety disorder for up to 12 weeks with ...
firstpost.com/health/how-lsd-can-treat-anxiety-disorder-13764176.html
FDA Approves Antibiotic to Treat Urinary Infections: Pivmecillinam, which has been used in Europe for decades, will become available next year to women 18 and ...
nytimes.com/2024/04/24/health/fda-urinary-tract-infection-antibiotic.html
Accruent Sets New Benchmark for Regulatory Compliance in Manufacturing: Accruent’s compliance solution offers integrated CMMS and EDMS designed to meet FDA ...
automation.com/en-us/articles/april-2024/accruent-sets-new-benchmark-regulatory-compliance
FACT CHECK: Eyes Blue neither endorsed by Doc Willie Ong nor approved by FDA: Other pages selling the supposed eye drug falsely implied endorsements from ...
rappler.com/newsbreak/fact-check/eyes-blue-neither-endorsed-by-doc-willie-ong-nor-approved-fda/
FDA Finds Bird Flu Traces in a Fifth of Retail Milk Samples. What to Know.: The Food and Drug Administration said late Thursday that it found traces of the avian ...
barrons.com/articles/bird-flu-cows-milk-news-4586d8ae
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Pfizer Receives FDA Approval for Bleeding Disorder Treatment: The treatment, Beqvez, is for adults with moderate to severe hemophilia B.
barrons.com/articles/pfizer-fda-bleeding-disorder-stock-price-dca9b947
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Food recalls reach highest level since the pandemic.: The U.S. Department of Agriculture and the U.S. Food and Drug Administration recorded a total of 313 food ...
latimes.com/california/story/2024-04-26/food-recalls-reach-highest-level-since-the-pandemic
What Is Red Dye 40?: Red Dye 40 is among the most common color additives in food, but it may come with risks. Here's what the science says about the safety ...
health.com/red-dye-40-8610527
Liberia: FDA Approves Export of Illegal Timber Valued Nearly US$1M: MONROVIA – The Forestry Development Authority (FDA) approved the export of 797 logs ...
frontpageafricaonline.com/news/liberia-fda-approves-export-of-illegal-timber-valued-nearly-us1m/
LA Times ‘Trapped in a Mess’ as Owner Patrick Soon-Shiong Pulls More Newsroom Strings | Exclusive
thewrap.com/los-angeles-times-staff-upset-patrick-soon-shiong/
Ketamine therapy raises concerns of overdoses, addiction, predatory businesses: Ketamine has become a popular alternative treatment for depression and other ...
marketwatch.com/story/as-ketamine-therapy-booms-industry-insiders-worry-about-patient-safety-5ffd7b89
Let's talk about bird flu because the situation isn't looking great: FDA lab tests detected traces of H5N1 avian influenza in store-bought milk ...
qz.com/bird-flu-h5n1-avian-influenza-spread-milk-fda-tests-1851434593
Altria Calls on FDA for More Enforcement Against Illegal Vape Competitors: Marlboro maker Altria Group Inc. is calling on the US Food and Drug Administration to ...
bloomberg.com/news/articles/2024-04-25/illegal-vapes-rising-altria-mo-asks-fda-for-more-enforcement
Health Agency Sounds Alarm on E. coli Threat in Ground Beef: A Food Safety and Inspection Service (FSIS) warning claims E. coli could have contaminated certain ...
techtimes.com/articles/303969/20240424/health-agency-sounds-alarm-e-coli-threat-ground-beef.htm
Here’s why a Florida company recalled its male sexual enhancement drugs sold on Amazon
miamiherald.com/news/recalls/article287975060.html
US TikTok Divest-or-Ban Bill Raises Questions of How China Will Respond: Now that President Joe Biden has signed off on a law that could expel TikTok from the US ...
bloomberg.com/news/articles/2024-04-24/tiktok-ultimatum-puts-us-firms-in-firing-line-for-china-response
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
Revival in Japanese Stock Market Hinges on Domestic Demand Taking Hold: Japan’s stock market needs to see more domestically-oriented companies step up their game ...
bloomberg.com/news/articles/2024-04-25/revival-in-japanese-stock-market-hinges-on-domestic-demand-taking-hold
Stock Market Today: Dow, S&P Live Updates for April 25: Asian equity markets dropped after Meta Platforms Inc.’s disappointing outlook raised concern on whether ...
bloomberg.com/news/articles/2024-04-24/stock-market-today-dow-s-p-live-updates
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Quick Glance: Current Stock Market Trends: Dow, S&P Updates for April 24
- Major tech giants experienced a downturn in late hours following disappointing forecasts from Meta Platforms Inc., raising concerns about the stock market's trajectory.
- Before the results, the broader market struggled to gain momentum as traders prepared for economic data that will influence views on the Federal Reserve's next moves.
- Investors withdrew around $200 million from value-based ETFs this month, while growth stocks attracted over $3 billion in inflows.
- JPMorgan Chase & Co. is signaling a clear buy indication for US stocks after reaching a threshold that typically precedes above-average gains.
Jefferies CEO Just Sold $65 Million of Company Stock. He’s Buying a Yacht.: Jefferies CEO Rich Handler said the boat will be a “gift to myself and my family” and ...
barrons.com/articles/jefferies-ceo-stock-yacht-0bbe9020
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US Births Fell Last Year to Lowest Total Since 1979, Report Says: US births declined in 2023 to their lowest level in more than 40 years, continuing a two-decade ...
bloomberg.com/news/articles/2024-04-25/us-births-fell-last-year-to-lowest-total-since-1979-report-says
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FDA Approves Antibiotic to Treat Urinary Infections: Pivmecillinam, which has been used in Europe for decades, will become available next year to women 18 and ...
nytimes.com/2024/04/24/health/fda-urinary-tract-infection-antibiotic.html
Good News for Biden on Growth, Bad News on Inflation Fight: This is Washington Edition, the newsletter about money, power and politics in the nation’s capital ...
bloomberg.com/news/newsletters/2024-04-24/good-news-for-biden-on-growth-bad-news-on-inflation-fight
US Stock Market Uncertainty Has Traders Buying Put Options to Hedge Portfolios: Stock market investors who have been reluctant to hedge their portfolios in the ...
bloomberg.com/news/articles/2024-04-24/reluctant-traders-protect-themselves-from-further-market-mayhem
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Merck to Report Earnings One Month After Major Drug Approval. What Investors Are Watching.
on.barrons.com/3xRK64u
GE Stock Rises Above 2008 Levels. Wall Street Is Staying Bullish.
barrons.com/articles/ge-stock-wall-street-bullish-ae94bab6
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Investors Balk at Private Equity Firms Borrowing Against Their Funds’ Assets: Private equity firms are attempting to get blanket permission to borrow against ...
bloomberg.com/news/articles/2024-04-24/investors-balk-at-pe-firms-borrowing-against-their-funds-assets
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US Oil Refiners’ Profits Seen Taking Hit on Gloomy Outlook (MPC, PSX, VLO): US oil refiners that have been among this year’s strongest S&P 500 performers are ...
bloomberg.com/news/articles/2024-04-24/oil-refining-profits-seen-at-two-year-lows-on-gloomy-outlook
Cocoa Price Swings Are the Craziest Since the 1970s: Cocoa resumed gains in New York, with prices the most volatile in almost five decades amid uncertainty over ...
bloomberg.com/news/articles/2024-04-24/cocoa-price-swings-are-the-craziest-since-the-1970s
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Bitcoin Rises. Why Tesla and Meta Earnings Could Help—or Hurt—Cryptos.: Bitcoin correlation to the stock market and wider risk sentiment puts Big Tech earnings ...
on.barrons.com/49Wz4Ih
Solicitor General Elizabeth Prelogar again in the spotlight fighting the conservative Supreme Court on abortion
cnn.com/2024/04/24/politics/solicitor-general-elizabeth-prelogar-idaho-abortion/
Quick Glance: Supreme Court Divided on Emergency Abortion Access: Highlights
- The Supreme Court seems divided on access to emergency abortions in states with near-total bans.
- The 1986 Emergency Medical Treatment and Labor Act could impact abortion access in emergencies.
- The debate raises questions about fetal personhood and abortion rights conflict.
- The court's decision could affect abortion access in 14 states with strict abortion bans.
3.6 million Medicare enrollees may now be eligible for Wegovy coverage: About 3.6 million Medicare enrollees may qualify for coverage for the anti-obesity drug ...
cnn.com/2024/04/24/health/wegovy-medicare-spending/
Bird flu virus found in pasteurized milk, though officials maintain supply is safe
nbcnews.com/health/health-news/bird-flu-virus-found-pasteurized-milk-though-officials-maintain-supply-rcna149084
How one state is trying to make weight loss drugs cheaper: Weight loss drugs aren't covered by insurance for North Carolina's state employees ...
nbcnews.com/health/health-news/one-state-trying-make-weight-loss-drugs-cheaper-rcna148997
Biogen Alzheimer’s drug sales beat expectations: The Cambridge firm on Wednesday reported a first-quarter profit that exceeded estimates as it cut costs and ...
bostonglobe.com/2024/04/24/business/biogen-alzheimers-drug-leqembi/
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