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MEDICAL EXECUTIVE-POST – TODAY’S NEWSLETTER BRIEFING
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Kamala Harris announced a plan to broaden Medicare to cover home healthcare for the first time in an effort to help the “sandwich generation” of Americans who are taking care of both their children and their parents.
WeightWatchers said it will offer cheaper copycat versions of Novo Nordisk’s weight loss drug, Wegovy.
CITE: https://www.r2library.com/Resource
Stocks up
- Reddit gained 0.31% thanks to Jefferies analysts, who debuted their coverage of the social media stock with a “buy” rating, praising the company’s AI potential.
- Biogen climbed 1.90% after the FDA gave its treatment for kidney transplant patients a special Breakthrough Therapy Designation.
- Cruise stocks sailed higher today, in spite of the oncoming hurricane in the Gulf of Mexico. Norwegian Cruise Line, Carnival, and Royal Caribbean popped 10.91%, 7.05%, and 5.26%, respectively, on upgrades from Citi analysts.
- Astera Labs jumped 15.60% after it debuted a new family of data center switches built specifically for AI.
- Helen of Troy soared 17.88% thanks to a stronger-than-expected earnings report from the struggling consumer goods manufacturer.
- Arcadium Lithium continued to rocket higher today after mining behemoth Rio Tinto announced it’s buying the lithium miner for $5.85 per share. Arcadium shares rose 30.90%.
Stocks down
- Boeing just can’t catch a break: Talks with striking machinists broke down and the airplane manufacturer withdrew its recent contract offer. Shares sank 3.41% on the news.
- US-traded shares of German life sciences company Bayer dropped 6.96% after a US court decided it will hear arguments that products from Bayer brand Monsanto allegedly harmed people.
- Trump Media & Technology Group finally settled down after a wild rally following a wild rally in Pennsylvania featuring Elon Musk, falling 5.64% today.
CITE: https://tinyurl.com/2h47urt5
Here’s where the major benchmarks ended:
- The S&P 500® index (SPX) rose 40.91 points (0.71%) to 5,792.04, a new record-high close; the Dow Jones Industrial Average® ($DJI) added 431.63 points (1.03%) to 42,512.00, also a new closing high; and the NASDAQ Composite® ($COMP) increased 108.70 points (0.60%) to 18,291.62.
- The 10-year Treasury note yield (TNX) climbed three basis points to 4.06%, the highest since late July.
- The CBOE Volatility Index® (VIX) eased to 20.8.
CITE: https://tinyurl.com/tj8smmes
In 2023, about 36% of Hispanic or Latino candidates waiting for a transplant received one, compared to 58% of non-Hispanic white candidates, according to the US Department of Health and Human Services Office of Minority Health.
Stat: $1.8 trillion. That eye-watering number is the federal budget deficit as of September 30th, according to the Congressional Budget Office. Higher interest rates, and increases in Social Security and Medicare, are driving the budget gap. (the Wall Street Journal)
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Filed under: Accounting, Events-Planner, Information Technology, Investing, Marcinko Associates, Recommended Books, Sponsors, Taxation | Tagged: CBO, diabetes, DJIA, DOW, federal budget deficit, Marcinko, NASA, NASDAQ, Novo Nordisk, obesity, organ transplants, Ozempic, S&P 500, textbooks, TNX, US Department of Health and Human Services Office of Minority Health., VIX, Wegovy, Weight Watchers, weight-loss, WSJ, WW | Leave a comment »
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