Tag Archives: hold

The pharmaceutical industry has drawn strong criticism over the past decade for driving up the prices of prescription drugs. Although Big Pharma executives and supporters argue that these price hikes are necessary in order to sustain research and development (R&D), i.e. innovation to help the development of new medications, not everyone agrees with that rationalization. According to Rep. Katie Porter (D-CA), the money from increased pricing isn’t being used for the right reasons. “The facts… Source link

Weekly unemployment claims held near their lowest levels since the 1960s, with a strong labor market and improving levels of unemployment remaining a bright spot in the U.S. economy. The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended April 16: 184,000 vs. 180,000 expected and an upwardly revised 186,000 during prior… Source link

Yandex NV (YNDX) has gained Tuesday morning, with the stock increasing 8.70% in pre-market trading to 49.11. YNDX’s short-term technical score of 24 indicates that the stock has traded less bullishly over the last month than 76% of stocks on the market. In the Internet Content & Information industry, which ranks 140 out of 146 industries, YNDX ranks higher than 56% of stocks. Yandex NV has fallen 13.68% over the past month, closing at… Source link

By releasing a vague blueprint of pros and cons on Thursday, the Federal Reserve has taken the first step towards potentially pursuing a digital dollar. The hard part will involve the Fed sorting through how to design a central bank digital coin (CBDC) in a way that meets approval of Congress and the White House, while smoothly transitioning into the payment and banking systems without disruption. The Fed insists it won’t move forward without the “clear support” of both the executive and… Source link

LONDON— Apple Inc. and Alphabet Inc.’s Google hold a “vise-like grip” over how people use mobile devices, Britain’s antitrust regulator said Tuesday, and said it was assessing whether it would try to loosen what it said was their control over smartphone ecosystems. The preliminary report is among several, nonbinding research efforts by the U.K. and other antitrust regulators in Europe into… Source link

Wharton’s Jeremy Siegel warns that stocks could drop 10% as soon as December — hold fast with these 3 ‘conservative’ tech picks The stock market could suffer a 10% correction as early as December if the Federal Reserve starts cracking down on inflation, a respected author and professor of finance says. With inflation hitting a 30-year high of 6.2% in October, Jeremy Siegel expects the Fed will finally roll up its sleeves at its next meeting. That could mean the end of low interest… Source link

The bull market of 2021 may be on temporary hold as investors assess the economic risk from the new Omicron variant of COVID-19, warns Goldman Sachs. “We think a broad risk recovery may be impeded in the near term by the need to digest the prospect of a more hawkish Fed and a less consistent cyclical tailwind. Ironically, the Omicron scare itself may now create the best possibilities for relief in the coming weeks, either because incoming news is better than feared or because it prompts… Source link

By Anirudh Saligrama (Reuters) – Disney World near Orlando, Florida, operated by Walt Disney Co, has put its COVID-19 vaccination mandate on hold, a spokesperson said on Saturday. The move comes amid the Biden administration’s workplace COVID-19 vaccine rule, which requires businesses with at least 100 employees to require staff get vaccinated against COVID-19 or be tested weekly and wear a face covering at work. Local TV station Fox 35 was first to report the news, citing a cast member at the… Source link

Authorization for Moderna’s (MRNA) COVID-19 vaccine for ages 12-17 was put on hold Friday in light of concerns over a rare side effect known as myocarditis, or a heart inflammation. The U.S. Food and Drug Administration decision gives Pfizer’s (PFE), which has a similar technology, an advantage in the market. In advisory panel discussions prior to Pfizer’s authorization for adolescents, the myocarditis risks were raised, but ultimately the panel decided the benefits outweigh the risks. As a… Source link

Stock futures opened in slightly positive territory on Tuesday, holding onto gains after a tech-led rebound rally during the regular session. Contracts on the S&P 500 ticked up. Earlier, Big Tech stocks led the blue-chip index higher, with investors swooping in to buy a dip in growth and technology names after a rout on Monday. That sent the Nasdaq higher by 1.3% in the index’s best day since August.  So far in October, equities have see-sawed between steep gains and losses, with investors… Source link