MAI Capital Management Sells 1,250 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)
Man denies drugs charges after raid in affluent Wellington suburbEvans 1-7 1-2 3, Diakhate 2-6 0-0 4, Avinger 2-7 1-3 5, Flournoy 3-13 0-0 8, Makolo 2-7 0-0 4, Verse 1-3 2-4 4, Summer Davis 2-5 0-0 4, Indya Davis 0-0 0-0 0, Turner 6-16 0-0 15, Totals 19-64 4-9 47 Hall 2-7 0-0 4, Merkle 6-11 0-0 12, Campbell 7-11 0-0 14, Murray 8-16 1-1 24, Oden 1-6 1-2 3, Johnson 1-4 1-1 3, Elliott 3-8 1-1 7, Jekot 0-0 0-0 0, Walker 0-0 0-0 0, Totals 28-63 4-5 67 3-Point Goals_Georgia 5-18 (Avinger 0-2, Flournoy 2-6, Makolo 0-1, S.Davis 0-2, Turner 3-7), Penn St. 7-17 (Murray 7-14, Oden 0-1, Johnson 0-1, Elliott 0-1). Assists_Georgia 11 (Avinger 5), Penn St. 20 (Campbell 7). Fouled Out_Georgia Turner. Rebounds_Georgia 38 (Verse 9), Penn St. 45 (Merkle 11). Total Fouls_Georgia 17, Penn St. 13. Technical Fouls_Georgia Turner 1, Verse 1, Penn St. Johnson 1, Oden 1. A_735.Neurocrine Biosciences Announces FDA Approval of CRENESSITYTM (crinecerfont), a First-in-Class Treatment for Children and Adults With Classic Congenital Adrenal Hyperplasia
By HALELUYA HADERO, Associated Press President-elect Donald Trump asked the Supreme Court on Friday to pause the potential TikTok ban from going into effect until his administration can pursue a “political resolution” to the issue. The request came as TikTok and the Biden administration filed opposing briefs to the court, in which the company argued the court should strike down a law that could ban the platform by Jan. 19 while the government emphasized its position that the statute is needed to eliminate a national security risk. “President Trump takes no position on the underlying merits of this dispute. Instead, he respectfully requests that the Court consider staying the Act’s deadline for divestment of January 19, 2025, while it considers the merits of this case,” said Trump’s amicus brief, which supported neither party in the case. The filings come ahead of oral arguments scheduled for Jan. 10 on whether the law, which requires TikTok to divest from its China-based parent company or face a ban, unlawfully restricts speech in violation of the First Amendment. Earlier this month, a panel of three federal judges on the U.S. Court of Appeals for the District of Columbia Circuit unanimously upheld the statute , leading TikTok to appeal the case to the Supreme Court. The brief from Trump said he opposes banning TikTok at this junction and “seeks the ability to resolve the issues at hand through political means once he takes office.”When dockworkers walked the picket line in October, the strike lasted for 3 days. And if a new contract between their 45,000 member union and the U.S. Maritime Alliance isn't signed by mid-January — a longer strike could send inflation going in the wrong direction. Just months after a strike at Gulf and East Coast ports ended, operators and union members are now at an impasse — once again — over automation. Port operators say they need more technology to increase port efficiency, improve safety and to control costs. But union members say no, because some workers will lose their jobs. A new strike could come if an agreement isn't reached by January 15. And if that happens inflation could increase, when goods aren't flowing in an out of ports as quickly. Thursday union leaders met with President-elect Donald trump at Mar-a-Lago and walked away with his support. Writing about automation on Truth social, Trump said "the amount of money saved is nowhere near the distress, hurt, and harm it causes for American workers," and that foreign countries "...shouldn't be looking for every last penny knowing how many families are hurt." RELATED STORY | Billions of dollars of U.S. economic activity halted as port workers enter day two of their strike Professor Todd Belt of George Washington University called it Trump striking a different path than he did during his first term. "During the first Trump term you had Donald Trump, surrounded by a lot of people who were suggested to him by incumbent Republicans who had really a Republican orthodoxy on free trade. Donald trump now is going to be surrounded by a lot of people who support his ideas of interventionism and tariffs, as well as other trade policies that will protect working people at the expense of, of course, inflation," Belt said. The International Longshoremen's Association has until Jan. 15 to negotiate a new contract with the U.S. Maritime Alliance, which represents ports and shipping companies. At the heart of the dispute is whether ports can install automated gates, cranes and container-moving trucks that could make it faster to unload and load ships. The union argues that automation would lead to fewer jobs, even though higher levels of productivity could do more to boost the salaries of remaining workers. The Maritime Alliance said in a statement that the contract goes beyond ports to "supporting American consumers and giving American businesses access to the global marketplace — from farmers, to manufacturers, to small businesses, and innovative start-ups looking for new markets to sell their products." "To achieve this, we need modern technology that is proven to improve worker safety, boost port efficiency, increase port capacity, and strengthen our supply chains," said the alliance, adding that it looks forward to working with Trump. In October, the union representing 45,000 dockworkers went on strike for three days, raising the risk that a prolonged shutdown could push up inflation by making it difficult to unload container ships and export American products overseas. The issue pits an incoming president who won November's election on the promise of bringing down prices against commitments to support blue-collar workers along with the kinds of advanced technology that drew him support from Silicon Valley elite such as billionaire Elon Musk. Trump sought to portray the dispute as being between U.S. workers and foreign companies, but advanced ports are also key for staying globally competitive. China is opening a $1.3 billion port in Peru that could accommodate ships too large for the Panama Canal. There is a risk that shippers could move to other ports, which could also lead to job losses. Mexico is constructing a port that is highly automated, while Dubai, Singapore and Rotterdam already have more advanced ports. "For the great privilege of accessing our markets, these foreign companies should hire our incredible American Workers, instead of laying them off, and sending those profits back to foreign countries," Trump posted. "It is time to put AMERICA FIRST!" The Associated Press contributed to this report.
There’s a robust ecosystem of Find My accessories on the market nowadays. All of these accessories would make great holiday gifts this year across all kinds of different form factors. What’s a better gift than giving someone a way to keep track of their most important possessions? That person will thank you for years to come. As a refresher, Find My accessories broadcast a low-energy Bluetooth signal picked up by nearby Apple devices. They do not rely on GPS technology. Instead, that location is transmitted securely and privately to the Find My network. This means that your Find My-enabled item is locatable even if you are miles away, so long as someone with an Apple device happens to be nearby. iOS 18.2, set to be released to the public later this month, with a new system for sharing item locations. AirTag You can’t have a list of the best Find My accessories without including Apple’s AirTags. Packed with a U1 chip for Precision Finding support, a built-in speaker, and more, AirTags are a must-have for attaching to your luggage, backpack, keys, and other accessories. AirTags have also improved significantly since they were first released in April 2021. Apple has added , , and more. AirTags are not without their faults as they only come in one form factor, lack a built-in attachment mechanism, and are nearly four years old. Still, they represent the best way to start with the Find My ecosystem. Chipolo’s Find My ecosystem While Apple’s AirTag is available in a single form factor, Chipolo makes two different trackers that are fully compatible with Apple’s Find My ecosystem. This means you can add them to the Find My app and track them alongside your Apple products. They can also tap into the Find My ecosystem of Apple devices and AirTags to share the most up-to-date location information. SwitchBot Wallet Finder My the SwitchBot Wallet Finder and described it as an “incredibly useful accessory to track your wallet” using your iPhone and the Find My ecosystem. In addition to being shaped like a credit card to slide into your wallet, it all features a built-in keyring holder. This makes it easy to attach to something like a lanyard or backpack. Pebblebee’s Find My Ecosystem Another card-shaped option for the Find My network is the . The key differentiator with this one is that the battery is rechargeable. The aforementioned options from Chipolo and SwitchBot do not feature rechargeable or replaceable batteries. The Pebblebee Tracker Card offers up to 18 months of battery life and can then be recharged with a USB-C cable. In addition to the Tracker Card, Pebblebee also sells two other Find My-enabled accessories. is a small tracker that is similar to the AirTag form factor but with a built-in keyring holder. It features up to 12 months of battery life and can then be recharged using a USB-C cable. Finally, there’s the with Find My integration. This offers an ultra-small form factor with up to 8 months of battery life and a USB-C port for charging. Backpacks with Find My While I generally recommend buying a standalone Find My tracker, there are backpacks on the market that directly integrate Find My. Both Swissdigital and Hyper offer backpacks with Find My integration. More Find My accessories While accessories from Apple, Chipolo, Pebblebee, and SwitchBot are my top picks, there are other Find My-enabled options on the market. More 9to5Mac Gift Guides There’s a robust ecosystem of Find My accessories on the market nowadays. All of these accessories would make great holiday gifts this year across all kinds of different form factors. What’s a better gift than giving someone a way to keep track of their most important possessions? That person will thank you for years to come. As a refresher, Find My accessories broadcast a low-energy Bluetooth signal picked up by nearby Apple devices. They do not rely on GPS technology. Instead, that location is transmitted securely and privately to the Find My network. This means that your Find My-enabled item is locatable even if you are miles away, so long as someone with an Apple device happens to be nearby. iOS 18.2, set to be released to the public later this month, with a new system for sharing item locations. AirTag You can’t have a list of the best Find My accessories without including Apple’s AirTags. Packed with a U1 chip for Precision Finding support, a built-in speaker, and more, AirTags are a must-have for attaching to your luggage, backpack, keys, and other accessories. AirTags have also improved significantly since they were first released in April 2021. Apple has added , , and more. AirTags are not without their faults as they only come in one form factor, lack a built-in attachment mechanism, and are nearly four years old. Still, they represent the best way to start with the Find My ecosystem. Chipolo’s Find My ecosystem While Apple’s AirTag is available in a single form factor, Chipolo makes two different trackers that are fully compatible with Apple’s Find My ecosystem. This means you can add them to the Find My app and track them alongside your Apple products. They can also tap into the Find My ecosystem of Apple devices and AirTags to share the most up-to-date location information. SwitchBot Wallet Finder My the SwitchBot Wallet Finder and described it as an “incredibly useful accessory to track your wallet” using your iPhone and the Find My ecosystem. In addition to being shaped like a credit card to slide into your wallet, it all features a built-in keyring holder. This makes it easy to attach to something like a lanyard or backpack. Pebblebee’s Find My Ecosystem Another card-shaped option for the Find My network is the . The key differentiator with this one is that the battery is rechargeable. The aforementioned options from Chipolo and SwitchBot do not feature rechargeable or replaceable batteries. The Pebblebee Tracker Card offers up to 18 months of battery life and can then be recharged with a USB-C cable. In addition to the Tracker Card, Pebblebee also sells two other Find My-enabled accessories. is a small tracker that is similar to the AirTag form factor but with a built-in keyring holder. It features up to 12 months of battery life and can then be recharged using a USB-C cable. Finally, there’s the with Find My integration. This offers an ultra-small form factor with up to 8 months of battery life and a USB-C port for charging. Backpacks with Find My While I generally recommend buying a standalone Find My tracker, there are backpacks on the market that directly integrate Find My. Both Swissdigital and Hyper offer backpacks with Find My integration. More Find My accessories While accessories from Apple, Chipolo, Pebblebee, and SwitchBot are my top picks, there are other Find My-enabled options on the market. More 9to5Mac Gift Guides
NEW ORLEANS (AP) — The largest artificial intelligence data center ever built by Facebook’s parent company Meta is coming to northeast Louisiana, the company said Wednesday, bringing hopes that the $10 billion facility will transform an economically neglected corner of the state. Republican Gov. Jeff Landry called it “game-changing” for his state's expanding tech sector, yet some environmental groups have raised concerns over the amount of energy it would use — and whether it could lead to higher energy bills in the future. Meanwhile, Elon Musk's AI startup, xAI, is expanding its existing supercomputer project in Memphis, Tennessee, the city's chamber of commerce said Wednesday. The chamber also said that Nvidia, Dell, and Supermicro Computer will be “establishing operations in Memphis,” without offering further details. Louisiana is among a growing number of states seeking to lure big tech firms in need of energy-intensive data centers with tax credits and other incentives. The U.S. Commerce Department found that there aren’t enough data centers in the U.S. to meet the rising AI-fueled demand, which is projected to grow by 9% each year through 2030, citing industry reports. Meta anticipates its Louisiana data center will create 500 operational jobs and 5,000 temporary construction jobs, said Kevin Janda, director of data center strategy. At 4 million square feet (370,000 square meters), it will be the company's largest AI data center to date, he added. “We want to make sure we are having a positive impact on the local level,” Janda said. Congressional leaders and local representatives from across the political spectrum heralded the Meta facility as a boon for Richland parish, a rural part of Louisiana with a population of 20,000 historically reliant on agriculture. About one in four residents are considered to live in poverty and the parish has an employment rate below 50%, according to the U.S. census data. Meta plans to invest $200 million into road and water infrastructure improvements for the parish to offset its water usage. The facility is expected to be completed in 2030. Entergy, one of the nation's largest utilities providers, is fast-tracking plans to build three natural gas power plants in Louisiana capable of generating 2,262 megawatts for Meta's data center over a 15 year period — nearly one-tenth of Entergy's existing energy capacity across four states. The Louisiana Public Service Commission is weighing Entergy's proposal as some environmental groups have opposed locking the state into more fossil fuel-based energy infrastructure. Meta said it plans to help bring 1,500 megawatts of renewable energy onto the grid in the future. Louisiana residents may ultimately end up with rate increases to pay off the cost of operating these natural gas power plants when Meta's contract with Entergy expires, said Jessica Hendricks, state policy director for the Alliance for Affordable Energy, a Louisiana-based nonprofit advocating for energy consumers. “There’s no reason why residential customers in Louisiana need to pay for a power plant for energy that they’re not going to use," Hendricks said. "And we want to make sure that there’s safeguards in place.” Public service commissioner Foster Campbell, who represents northeast Louisiana, said he does not believe the data center will increase rates for Louisianians and views it as vital for his region. “It’s going in one of the most needed places in Louisiana and maybe one of the most needed places in the United States of America,” Foster said. “I’m for it 100%.” Environmental groups have also warned of the pollution generated from Musk's AI data center in Memphis. The Southern Environmental Law Center, among others, says the supercomputer could strain the power grid, prompting attention from the Environmental Protection Agency. Eighteen gas turbines currently running at xAI’s south Memphis facility are significant sources of ground-level ozone, better known as smog, the group said. Patrick Anderson, an attorney at the law center, said xAI has operated with “a stunning lack of transparency” in developing its South Memphis facility, which is located near predominantly Black neighborhoods that have long dealt with pollution and health risks from factories and other industrial sites. “Memphians deserve to know how xAI will affect them,” he said, “and should have a seat at the table when these decisions are being made.” Sainz reported from Memphis, Tennessee. Associated Press writer Matt O’Brien in Providence, Rhode Island, contributed to this report. Brook is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues. Follow Brook on the social platform X: @jack_brook96NEW YORK: Oil futures fell nearly 2% on Wednesday as investors awaited an imminent Opec+ decision on production cuts, while a larger-than-expected draw in US crude stockpiles last week lent some support to prices. Brent crude futures fell US$1.31, or 1.78%, to settle at US$72.31 a barrel. US West Texas Intermediate crude futures fell US$1.40, or 2%, to US$68.54. On Tuesday, Brent posted its biggest gain in two weeks, rising by 2.5%. The market was on tenterhooks, with investors focused on the upcoming Opec+ meeting, analysts said. The Organization of the Petroleum Exporting Countries and its allies in Opec+ meet on Thursday, and are likely extend output cuts until the end of the first quarter of next year, industry sources told Reuters. "While a delay to unwinding production cuts is expected, the rhetoric out of the meeting is going to have the biggest sway," said Matt Smith, Kpler lead Americas oil analyst. Opec+ has been looking to phase out supply cuts through next year. A single bank sold a large volume of US oil futures contracts in early afternoon trading on Wednesday, a source told Reuters, pushing prices down more than 1% within minutes and causing traders to scramble to decipher the reason. US crude stocks fell more than expected last week as refiners ramped up operations, the Energy Information Administration (EIA) said. Gasoline and distillate stockpiles rose by more than expected during the week. "A pop in refining activity with runs climbing to a high not seen since the summer has resulted in a see-saw of crude inventories drawing and products building," Smith said. The bullish momentum only lent some support to prices. A shaky ceasefire between Israel and Hezbollah, South Korea's curtailed declaration of martial law and a rebel offensive in Syria that threatens to draw in forces from several oil-producing countries all lent support to oil prices, said Priyanka Sachdeva, senior market analyst at Phillip Nova. In the Middle East, Israel said on Tuesday it would return to war with Hezbollah if their truce collapses and that its attacks would go deeper into Lebanon and target the state itself. In South Korea, lawmakers have submitted a bill to impeach President Yoon Suk Yeol after his declaration of martial law on Tuesday, which was reversed within hours, sparking a political crisis in Asia's fourth-largest economy. — ReutersRobert Willis “R.W.” Thornton
KANSAS CITY, Mo. — Abortion-rights advocates on Wednesday asked a judge to overturn Missouri’s near-total ban on the procedure, less than a month after voters backed an abortion-rights constitutional amendment. Jackson County Circuit Judge Jerri Zhang did not immediately rule after Wednesday’s hearing. Planned Parenthood and other plaintiffs had asked her to issue a temporary order blocking enforcement of Missouri’s numerous abortion laws. “If left in place, the above-described restrictions will continue to be catastrophic for Missourians,” lawyers for abortion-rights supporters wrote in a court brief. “They will either prevent care altogether or severely delay or interfere with care.” Several anti-abortion protesters knelt on the ground as they prayed outside the courthouse during the hearing. They covered their mouths with a red piece of tape that read “life.” Missouri is one of five states where voters approved ballot measures this year to add the right to an abortion to their state constitutions. Nevada voters also approved an amendment, but they’ll need to pass it again in 2026 for it to take effect. Another that bans discrimination on the basis of “pregnancy outcomes” prevailed in New York. Reproductive rights advocates in Arizona on Tuesday sued to undo a 15-week abortion ban that conflicts with that state's new constitutional amendment expanding access up to fetal viability. The Missouri amendment does not specifically override any state laws. Instead the measure leaves it to advocates to ask courts to knock down bans that they believe would now be unconstitutional. Missouri Attorney General Andrew Bailey, an abortion opponent, last week issued an opinion agreeing that most abortions will be legal when the amendment takes effect Thursday. But Bailey’s office is still fighting for a ban on most abortions after viability, along with a number of regulations that Planned Parenthood argues made it nearly impossible to offer abortions in the state even before abortion was almost completely banned in 2022. Missouri’s constitutional amendment allows lawmakers to restrict abortion after viability, with exceptions to “protect the life or physical or mental health of the pregnant person.” The term “viability” is used by health care providers to describe whether a pregnancy is expected to continue developing normally or whether a fetus might survive outside the uterus. Though there’s no defined time frame, doctors say it is sometime after the 21st week of pregnancy. Other abortion laws that Bailey is defending include a 72-hour waiting period before an abortion can be performed; bans on abortions based on race, sex or a possible Down syndrome diagnosis; and a requirement that medical facilities that provide abortions be licensed as ambulatory surgical centers. The Attorney General's Office argued that Planned Parenthood has not proven it will be negatively impacted by those laws, noting that no abortions have been scheduled yet. “Planned Parenthood concedes they have no appointments scheduled for right after the amendment goes into effect and have not even tried to obtain relevant licenses or create necessary complication plans,” state attorneys wrote in a court brief. It is unclear when Zhang will rule on the request for a preliminary injunction. Associated Press reporter Nick Ingram contributed to this report. Ballentine reported from Columbia, Missouri. Updated at 5:42 p.m.Get free Frostys for the entire year with $3 Wendy's Key Tag
NFLPA , NFL reach agreement on relaxed rules regarding substance abuse, performance enhancing substances
Swiss National Bank reduced its stake in shares of Abercrombie & Fitch Co. ( NYSE:ANF – Free Report ) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 99,800 shares of the apparel retailer’s stock after selling 600 shares during the quarter. Swiss National Bank’s holdings in Abercrombie & Fitch were worth $13,962,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also modified their holdings of the company. Matrix Trust Co bought a new stake in shares of Abercrombie & Fitch during the 2nd quarter worth $35,000. Farther Finance Advisors LLC lifted its position in shares of Abercrombie & Fitch by 81.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after buying an additional 123 shares during the last quarter. Quarry LP lifted its position in shares of Abercrombie & Fitch by 156.0% during the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after buying an additional 170 shares during the last quarter. CWM LLC lifted its position in shares of Abercrombie & Fitch by 242.6% during the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock worth $94,000 after buying an additional 376 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Abercrombie & Fitch by 8,914.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock worth $112,000 after buying an additional 624 shares during the last quarter. Insider Activity In related news, CFO Scott D. Lipesky sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the completion of the sale, the chief financial officer now owns 106,455 shares of the company’s stock, valued at $15,627,594. This trade represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website . Also, Director Helen Mccluskey sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $139.38, for a total value of $487,830.00. Following the sale, the director now directly owns 37,470 shares of the company’s stock, valued at $5,222,568.60. This represents a 8.54 % decrease in their position. The disclosure for this sale can be found here . Over the last quarter, insiders sold 31,541 shares of company stock valued at $4,310,256. Company insiders own 2.58% of the company’s stock. Analyst Ratings Changes View Our Latest Report on ANF Abercrombie & Fitch Trading Up 7.4 % Shares of ANF stock opened at $152.00 on Friday. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 16.10 and a beta of 1.50. The stock has a 50-day moving average of $142.72 and a 200-day moving average of $152.96. Abercrombie & Fitch Co. has a 1-year low of $72.13 and a 1-year high of $196.99. Abercrombie & Fitch ( NYSE:ANF – Get Free Report ) last issued its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.36. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. Sell-side analysts forecast that Abercrombie & Fitch Co. will post 10.35 earnings per share for the current year. Abercrombie & Fitch Profile ( Free Report ) Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands. Featured Stories Want to see what other hedge funds are holding ANF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Abercrombie & Fitch Co. ( NYSE:ANF – Free Report ). Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter .TOKYO and CAMBRIDGE, Mass. , Dec. 4, 2024 /PRNewswire/ -- Eisai Co., Ltd. (Headquarters: Tokyo , CEO: Haruo Naito , "Eisai") and Biogen Inc. (Nasdaq: BIIB, Corporate headquarters: Cambridge, Massachusetts , CEO: Christopher A. Viehbacher , "Biogen") announced today that the Federal Commission for the Protection Against Sanitary Risk (COFEPRIS) in Mexico has approved humanized anti-soluble aggregated amyloid-beta (Aβ) monoclonal antibody "LEQEMBI ® " (lecanemab) for the treatment of early Alzheimer's disease (AD)*. LEQEMBI selectively binds to soluble Aβ aggregates (protofibrils**), as well as insoluble Aβ aggregates (fibrils) which are a major component of Aβ plaques, thereby reducing both Aβ protofibrils and Aβ plaques in the brain. LEQEMBI is the first approved treatment shown to reduce the rate of disease progression and to slow cognitive and functional decline through this mechanism. LEQEMBI is also approved and being marketed in the U.S., Japan , China , South Korea , Hong Kong , Israel , the United Arab Emirates, and Great Britain . LEQEMBI's approval is based on the large global Phase 3 Clarity AD study. In the Clarity AD study, LEQEMBI met its primary endpoint and all key secondary endpoints with statistically significant results. 1,2 Approximately 1.3 million people in Mexico are estimated to suffer from AD, accounting for 60-70% of all dementia diagnoses. 3 AD most commonly affects individuals over the age of 65. 3 Eisai serves as the lead of LEQEMBI development and regulatory submissions globally with both Eisai and Biogen co-commercializing and co-promoting the product and Eisai having final decision-making authority. Eisai and Biogen will co-commercialize and co-promote LEQEMBI in Mexico . * Collectively referred to mild cognitive impairment due to AD or mild AD dementia. ** Protofibrils are believed to contribute to the brain injury that occurs with AD and are considered to be the most toxic form of Aβ, having a primary role in the cognitive decline associated with this progressive, debilitating condition. 4 Protofibrils cause injury to neurons in the brain, which in turn, can negatively impact cognitive function via multiple mechanisms, not only increasing the development of insoluble Aβ plaques but also increasing direct damage to brain cell membranes and the connections that transmit signals between nerve cells or nerve cells and other cells. It is believed the reduction of protofibrils may prevent the progression of AD by reducing damage to neurons in the brain and cognitive dysfunction. 5 Notes to Editors 1. About lecanemab (LEQEMBI ® ) Lecanemab is the result of a strategic research alliance between Eisai and BioArctic. It is a humanized immunoglobulin gamma 1 (IgG1) monoclonal antibody directed against aggregated soluble (protofibril) and insoluble forms of amyloid-beta (Aβ). Lecanemab is approved and being marketed in the U.S., Japan , China , South Korea , Hong Kong , Israel , the United Arab Emirates and Great Britain for the treatment of Alzheimer's disease (AD) in patients with Mild Cognitive Impairment (MCI) or mild dementia stage of disease (collectively referred to as early AD). The treatment's approvals in these countries was based on Phase 3 data from Eisai's global Clarity AD clinical trial, in which it met its primary endpoint and all key secondary endpoints with statistically significant results. 1,2 The most common adverse events (>10%) in the lecanemab group were infusion reactions, ARIA-H (combined cerebral microhemorrhages, cerebral macrohemorrhages, and superficial siderosis), ARIA-E (edema/effusion), headache, and fall. Lecanemab is under regulatory review in 16 countries and regions, including the European Union. In November 2024 , the treatment received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) recommending approval. Since July 2020 the Phase 3 clinical study (AHEAD 3-45) for individuals with preclinical AD, meaning they are clinically normal and have intermediate or elevated levels of amyloid in their brains, is ongoing. AHEAD 3-45 is conducted as a public-private partnership between the Alzheimer's Clinical Trial Consortium that provides the infrastructure for academic clinical trials in AD and related dementias in the U.S, funded by the National Institute on Aging, part of the National Institutes of Health, Eisai and Biogen. Since January 2022 , the Tau NexGen clinical study for Dominantly Inherited AD (DIAD), that is conducted by Dominantly Inherited Alzheimer Network Trials Unit (DIAN-TU), led by Washington University School of Medicine in St. Louis , is ongoing and includes lecanemab as the backbone anti-amyloid therapy. 2. About the Collaboration between Eisai and Biogen for AD Eisai and Biogen have been collaborating on the joint development and commercialization of AD treatments since 2014. Eisai serves as the lead of lecanemab development and regulatory submissions globally with Eisai and Biogen co-commercializing and co-promoting the product and Eisai having final decision-making authority. 3. About the Collaboration between Eisai and BioArctic for AD Since 2005, Eisai and BioArctic have had a long-term collaboration regarding the development and commercialization of AD treatments. Eisai obtained the global rights to study, develop, manufacture and market lecanemab for the treatment of AD pursuant to an agreement with BioArctic in December 2007 . The development and commercialization agreement on the antibody lecanemab back-up was signed in May 2015 . 4. About Eisai Co., Ltd. Eisai's Corporate Concept is "to give first thought to patients and people in the daily living domain, and to increase the benefits that health care provides." Under this Concept (also known as human health care ( hhc ) Concept), we aim to effectively achieve social good in the form of relieving anxiety over health and reducing health disparities. With a global network of R&D facilities, manufacturing sites and marketing subsidiaries, we strive to create and deliver innovative products to target diseases with high unmet medical needs, with a particular focus in our strategic areas of Neurology and Oncology. In addition, we demonstrate our commitment to the elimination of neglected tropical diseases (NTDs), which is a target (3.3) of the United Nations Sustainable Development Goals (SDGs), by working on various activities together with global partners. For more information about Eisai, please visit www.eisai.com (for global headquarters: Eisai. Co., Ltd.), us.eisai.com (for U.S. headquarters: Eisai, Inc.) or www.eisai.eu (for Europe , Middle East , Africa , Russia , Australia and New Zealand headquarters: Eisai Europe Ltd.), and connect with us on X ( global and U.S ), LinkedIn (for global , U.S. and EMEA ) and Facebook ( global ). 5. About Biogen Founded in 1978, Biogen is a leading biotechnology company that pioneers innovative science to deliver new medicines to transform patients' lives and to create value for shareholders and our communities. We apply deep understanding of human biology and leverage different modalities to advance first-in-class treatments or therapies that deliver superior outcomes. Our approach is to take bold risks, balanced with return on investment to deliver long-term growth. The company routinely posts information that may be important to investors on its website at www.biogen.com . Follow Biogen on social media – Facebook , LinkedIn , X , YouTube . Biogen Safe Harbor This news release contains forward-looking statements, about the potential clinical effects of lecanemab; the potential benefits, safety and efficacy of lecanemab; potential regulatory discussions, submissions and approvals and the timing thereof; the treatment of Alzheimer's disease; the anticipated benefits and potential of Biogen's collaboration arrangements with Eisai; the potential of Biogen's commercial business and pipeline programs, including lecanemab; and risks and uncertainties associated with drug development and commercialization. These statements may be identified by words such as "aim," "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "may," "plan," "possible," "potential," "will," "would" and other words and terms of similar meaning. Drug development and commercialization involve a high degree of risk, and only a small number of research and development programs result in commercialization of a product. Results in early-stage clinical studies may not be indicative of full results or results from later stage or larger scale clinical studies and do not ensure regulatory approval. You should not place undue reliance on these statements. These statements involve risks and uncertainties that could cause actual results to differ materially from those reflected in such statements, including without limitation unexpected concerns that may arise from additional data, analysis or results obtained during clinical studies; the occurrence of adverse safety events; risks of unexpected costs or delays; the risk of other unexpected hurdles; regulatory submissions may take longer or be more difficult to complete than expected; regulatory authorities may require additional information or further studies, or may fail or refuse to approve or may delay approval of Biogen's drug candidates, including lecanemab; actual timing and content of submissions to and decisions made by the regulatory authorities regarding lecanemab; uncertainty of success in the development and potential commercialization of lecanemab; failure to protect and enforce Biogen's data, intellectual property and other proprietary rights and uncertainties relating to intellectual property claims and challenges; product liability claims; and third party collaboration risks, results of operations and financial condition. The foregoing sets forth many, but not all, of the factors that could cause actual results to differ from Biogen's expectations in any forward-looking statement. Investors should consider this cautionary statement as well as the risk factors identified in Biogen's most recent annual or quarterly report and in other reports Biogen has filed with the U.S. Securities and Exchange Commission. These statements speak only as of the date of this news release. Biogen does not undertake any obligation to publicly update any forward-looking statements. References Eisai presents full results of lecanemab Phase 3 confirmatory Clarity AD study for early Alzheimer's disease at Clinical Trials on Alzheimer's Disease (CTAD) conference. Available at: https://www.eisai.com/news/2022/news202285.html van Dyck, H., et al. Lecanemab in Early Alzheimer's Disease. New England Journal of Medicine. 2023;388:9-21. https://www.nejm.org/doi/full/10.1056/NEJMoa2212948 Secretaría de Salud. Enfermedad de Alzheimer, demencia más común que afecta a personas adultas mayores. Oct 2021. https://www.gob.mx/salud/es/articulos/enfermedad-de-alzheimer-demencia-mas-comun-que-afecta-a-personas-adultas-mayores?idiom=e Amin L, Harris DA. Aβ receptors specifically recognize molecular features displayed by fibril ends and neurotoxic oligomers. Nat Commun . 2021;12:3451. doi:10.1038/s41467-021-23507-z Ono K, Tsuji M. Protofibrils of Amyloid-β are Important Targets of a Disease-Modifying Approach for Alzheimer's Disease. Int J Mol Sci. 2020;21(3):952. doi: 10.3390/ijms21030952. PMID: 32023927; PMCID: PMC7037706. View original content to download multimedia: https://www.prnewswire.com/news-releases/leqembi-lecanemab-approved-for-the-treatment-of-early-alzheimers-disease-in-mexico-302322515.html SOURCE Eisai Inc.Fox News stars defend imperiled ex-colleague Pete Hegseth amid misconduct allegations
Electricity inspectors will visit Newport properties this week
SAN FRANCISCO , Nov. 22, 2024 /PRNewswire/ -- Smodin, a trailblazer in AI-powered tools for students, educators, and professionals, is thrilled to announce an exciting development: www. contemplativeinquiry.org and www. freshu.io now redirect to Smodin.io, creating a single, unified hub for innovation and productivity. This move marks a significant step forward in Smodin's mission to make advanced AI tools more accessible than ever. By integrating these domains into Smodin.io, users will enjoy seamless access to a broader range of resources, from AI writing assistance to content analysis, all on a single platform designed to meet diverse needs. "This isn't just about redirection—it's about transformation," said the founder of Smodin. "By bringing everything under the Smodin umbrella, we're creating a one-stop solution for anyone seeking smarter, faster, and more effective tools to achieve their goals." Visitors from contemplativeinquiry.org and freshu.io will now have direct access to Smodin's continually expanding suite of features, including plagiarism detection, essay generation, and tools tailored to enhance productivity and creativity. This evolution ensures users can focus on what truly matters: creating, learning, and growing. The consolidation is part of Smodin's vision to innovate and deliver an unparalleled user experience while solidifying its position as a global leader in AI technology. Discover the future of AI-driven solutions at www.smodin.io . About Smodin Smodin is a leading AI-powered platform dedicated to empowering users worldwide with smart tools for writing, research, and productivity. With a focus on innovation and accessibility, Smodin transforms the way students, educators, and professionals work and create. View original content: https://www.prnewswire.com/news-releases/smodin-unites-powerful-domains-to-deliver-an-all-in-one-ai-platform-302314508.html SOURCE SmodinJohn Kirby grilled on mysterious New Jersey drone sightings: 'Why don't we know?'NEW ORLEANS (AP) — The largest artificial intelligence data center ever built by Facebook’s parent company Meta is coming to northeast Louisiana, the company said Wednesday, bringing hopes that the $10 billion facility will transform an economically neglected corner of the state. Republican Gov. Jeff Landry called it “game-changing” for his state's expanding tech sector, yet some environmental groups have raised concerns over the center's reliance on fossil fuels — and whether the plans for new natural gas power to support it could lead to higher energy bills in the future for Louisiana residents. Meanwhile, Elon Musk's AI startup, xAI, is expanding its existing supercomputer project in Memphis, Tennessee, the city's chamber of commerce said Wednesday. The chamber also said that Nvidia, Dell, and Supermicro Computer will be “establishing operations in Memphis,” without offering further details. Louisiana is among a growing number of states offering tax credits and other incentives to lure big tech firms seeking sites for energy-intensive data centers. The U.S. Commerce Department found that there aren’t enough data centers in the U.S. to meet the rising AI-fueled demand, which is projected to grow by 9% each year through 2030, citing industry reports. Meta anticipates its Louisiana data center will create 500 operational jobs and 5,000 temporary construction jobs, said Kevin Janda, director of data center strategy. At 4 million square feet (370,000 square meters), it will be the company's largest AI data center to date, he added. “We want to make sure we are having a positive impact on the local level,” Janda said. Congressional leaders and local representatives from across the political spectrum heralded the Meta facility as a boon for Richland parish, a rural part of Louisiana with a population of 20,000 historically reliant on agriculture. About one in four residents are considered to live in poverty and the parish has an employment rate below 50%, according to the U.S. census data. Meta plans to invest $200 million into road and water infrastructure improvements for the parish to offset its water usage. The facility is expected to be completed in 2030. Entergy, one of the nation's largest utility providers, is fast-tracking plans to build three natural gas power plants in Louisiana capable of generating 2,262 megawatts for Meta's data center over a 15-year period — nearly one-tenth of Entergy's existing energy capacity across four states. The Louisiana Public Service Commission is weighing Entergy's proposal as some environmental groups have opposed locking the state into more fossil fuel-based energy infrastructure. Meta said it plans to help bring 1,500 megawatts of renewable energy onto the grid in the future. Louisiana residents may ultimately end up with rate increases to pay off the cost of operating these natural gas power plants when Meta's contract with Entergy expires, said Jessica Hendricks, state policy director for the Alliance for Affordable Energy, a Louisiana-based nonprofit advocating for energy consumers. “There’s no reason why residential customers in Louisiana need to pay for a power plant for energy that they’re not going to use," Hendricks said. "And we want to make sure that there’s safeguards in place.” Public service commissioner Foster Campbell, representing northeast Louisiana, said he does not believe the data center will increase rates for Louisiana residents and views it as vital for his region. “It’s going in one of the most needed places in Louisiana and maybe one of the most needed places in the United States of America,” Foster said. “I’m for it 100%.” Environmental groups have also warned of the pollution generated by Musk's AI data center in Memphis. The Southern Environmental Law Center, among others, says the supercomputer could strain the power grid, prompting attention from the Environmental Protection Agency. Eighteen gas turbines currently running at xAI’s south Memphis facility are significant sources of ground-level ozone, better known as smog, the group said. Patrick Anderson, an attorney at the law center, said xAI has operated with “a stunning lack of transparency” in developing its South Memphis facility, which is located near predominantly Black neighborhoods that have long dealt with pollution and health risks from factories and other industrial sites. “Memphians deserve to know how xAI will affect them,” he said, “and should have a seat at the table when these decisions are being made.” Sainz reported from Memphis, Tennessee. Associated Press writer Matt O’Brien in Providence, Rhode Island, contributed to this report. Brook is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues. Follow Brook on the social platform X: @jack_brook96
Pelosi on Hunter Biden pardon: 'I support the president'
HUNTSVILLE, Texas (AP) — Jonah Pierce had 20 points in Presbyterian's 67-42 win against Youngstown State on Friday night. Pierce added nine rebounds for the Blue Hose (4-3). Kory Mincy scored 12 points, shooting 5 for 11, including 2 for 5 from beyond the arc. Kobe Stewart had 11 points and finished 4 of 9 from the field. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.As Trump prepares to take office, ports and dockworkers are facing down a new strike
US stocks fell on Tuesday, with the Dow on track to log its biggest losing streak in 46 years. The Dow Jones Industrial Average ( ^DJI ) slid roughly 0.8% in afternoon trade, coming off an eighth straight day of losses for the blue-chip index. The last 9-day losing streak for the Dow was Feb. 1978. Prior to that, the index suffered an 11-day losing streak in 1974 and another in 1971. The other major indexes dropped in tandem on Tuesday with the benchmark S&P 500 ( ^GSPC ) falling around 0.5%, while the Nasdaq Composite ( ^IXIC ) lost about 0.4% after the tech-heavy index closed at a record high on Monday. Fed policymakers kicked off their final gathering of the year earlier in the trading day, amid almost total conviction that a 0.25% rate cut is coming on Wednesday. Some on Wall Street suspect it could be the last cut for some time, as inflation proves persistent . Given that, the focus is on clues to the path of rates next year — and in January, in particular. In the meantime, investors assessed a November reading on retail sales for insight into the health of the consumer and the economy. Sales rose 0.7%, faster than the 0.6% month-on-month gain expected, amid strong holiday spending. Eyes are also on Nvidia ( NVDA ), down more than 10% from its November record close. The chip giant's shares fell around 2% in afternoon trade. Elsewhere, bitcoin ( BTC-USD ) prices extended their rally to briefly break above $108,000 a token. Prices retreated to just above $106,500 a coin. The Dow Jones Industrial Average ( ^DJI ) is on pace for its longest losing streak in 46 years. The blue-chip index slid about 0.8% by afternoon trade on Tuesday, coming off an eighth straight day of losses . The last 9-day losing streak for the Dow was Feb. 1978. Before that, the index suffered an 11-day losing streak in 1974 and another in 1971. UnitedHealth Group ( UNH ) was the biggest loser within the Dow, falling over 3%. Goldman Sachs ( GS ), Salesforce ( CRM ), and Nvidia ( NVDA ) followed, each down about 2%. Nvidia ( NVDA ) stock recovered from earlier losses but still traded down over 1% Tuesday as investors grew cautious the AI spending that fueled its rise could ease or spread to rivals. Shares of the AI chipmaker have fallen over 10% since reaching a record closing high of $148.88 in early November. Yahoo Finance's Laura Bratton reports: Nvidia made a swift ascent to the top, from a graphics card company primarily used for video games to the world’s leading supplier of AI chips, as Big Tech goes all-in on generative artificial intelligence. In 2024, it traded places with Apple ( AAPL ) as the world’s most valuable company, and in early November, it replaced the once-dominant Intel ( INTC ) in the Dow Jones Industrial Average ( ^DJI ). Wedbush analyst Dan Ives said in a note last week he expects Nvidia’s market cap to surpass $4 trillion in 2025. But following its record close in November, Nvidia shares began to fall after commentary from Microsoft ( MSFT ) and Google ( GOOG ) indicated that their AI spending will grow at a slower pace in the future. Rumors of overheating with its latest Blackwell AI servers stoked fears of further delays to the production ramp up, sending shares down even more . Even Nvidia’s most recent blowout earnings report , which surpassed bullish analysts’ already-high expectations , did little to help the stock's trajectory. Adding to Nvidia’s troubles, China’s competition authority last week said it has launched an antitrust probe into Nvidia’s $7 billion acquisition of networking technology company Mellanox. Meanwhile, the competition is heating up with names like Amazon ( AMZN ) and Broadcom ( AVGO ) developing and rolling out their own respective chips. Read more here. Bitcoin ( BTC-USD ) prices surged to another record on Tuesday, briefly touching above $108,000 early Tuesday before retreating to just around $107,000 by mid-afternoon. The largest cryptocurrency by market value has enjoyed a sizable rally following Donald Trump's presidential win, rising over 50% since that time. Trump's win pushed bitcoin prices to all-time highs in the immediate aftermath of the election, with the administration viewed as generally more friendly to the alternative asset class. In July, Trump attended a bitcoin conference in Nashville and has since pledged to usher in more supportive regulation . His promises also included appointing a crypto Presidential Advisory Council and firing current SEC Chair Gary Gensler, who announced he would step down on Jan. 20. Despite bitcoin's moves to the upside on Tuesday, other smaller cryptocurrencies and crypto-adjacent names moved lower. Ethereum ( ETH-USD ) fell about 1% to trade above $3,900 a coin. Meanwhile, shares of MicroStrategy ( MSTR ), which owns nearly 280,000 bitcoins, dropped around 4%. The company recently announced the purchase of an additional 51,780 bitcoins for $4.6 billion. MicroStrategy now holds $16.5 billion worth of bitcoin. Coinbase ( COIN ), which allows crypto trading on its platform, saw shares fall roughly 1%. Bank of America's latest fund manager's survey could be summed in up three words from BofA investment strategist Michael Hartnett: "super-bullish sentiment." Respondents are bullish about US stocks, flashing the largest percentage of respondents overweight US equities on record. They're bullish about equities in general, with global risk appetite at a three-year high and investors' allocation to cash sitting at a three-year low. And they're increasingly bullish that the global economy won't enter recession in 2025. Just 6% of respondents said they see a "hard landing" — where higher rates help tip the economy into an outright downturn — in the next 12 months. This marked the lowest number of respondents to call for a hard landing in six months. This reflects the broad consensus on Wall Street that, at least in the US, above-trend growth is largely expected in 2025. But as we wrote in Tuesday's Morning Brief , when everyone's on one side of an argument, it often raises eyebrows from strategists and economists. "My concern dial has gone up a little bit," Renaissance Macro's head of economics Neil Dutta wrote in a note to clients on Tuesday morning. "Two years ago, back in 2022, I recall the consensus was largely on the recession train for the coming year (I took the other side) even though labor markets were fine and homebuilding stocks were outperforming despite rate hikes. "Today, the consensus is fairly sanguine on growth next year. However, labor markets have been cooling and homebuilding stocks are presently underperforming despite rate cuts. I see myself on the more cautious side of the consensus at present." Telsa ( TSLA ) — now less than $100 billion away from eclipsing the market cap of Facebook owner Meta ( META ) — continued to enjoy a massive rally on Tuesday. Shares of the EV maker rose as much as 4.5%, boosting its market cap to around $1.54 trillion. The uptick in the stock price comes after Mizuho upgraded the company to Outperform from Neutral with a price target of $515 a share, up from the prior $230. The firm cited a looser regulatory framework as a tailwind for shares in 2025 following Donald Trump's presidential win. Musk, a close ally of Trump, will co-head the new "Department of Government Efficiency" in the president-elect's second term. Meta, which has a market cap of about $1.57 trillion, fell nearly 1% in late morning trade. Nvidia ( NVDA ) stock continued to slide on Tuesday after shares fell more than 10% from a November record close. The chip giant's stock dropped nearly 3% in early trade before bouncing off of its session lows. The moves echoed a decline across all three major indexes, which have taken a breather as investors debate what could happen to the US economy in 2025. "This rally, which has been really dramatic since July, is starting to look a little bit vulnerable," James Demmert, chief investment officer at Main Street Research, told Yahoo Finance's Morning Brief . "So going into 2025, I think investors should start to prepare themselves emotionally for a normal correction of 8% to 12% in markets," he cautioned. Demmert, who said the Federal Reserve "is probably already at the neutral rate" and likely won't need to cut interest rates much more from here, also touched on market breadth in the new year after the rapid rise in mega-cap Big Tech stocks. According to the latest Bank of America Fund Manager Survey, "long Magnificent 7 is considered the most crowded trade," per 57% of surveyed investors. "It's been such a Mag 7 market," Demmert said. "In 2025, we think those stocks do well, but other stuff will also do well or better" amid more attractive valuations and AI-driven use cases, which are expected to fuel earnings. Homebuilder confidence was flat in December from the previous month and came in lower than analyst estimates amid uncertainty over how quickly mortgage rates will decline. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index stayed at 46 in December, lower than economists’ estimates of 47, per Bloomberg data. Any reading under 50 indicates more builders view conditions as poor rather than good. “While builders are expressing concerns that high interest rates, elevated construction costs and a lack of buildable lots continue to act as headwinds, they are also anticipating future regulatory relief in the aftermath of the election,” NAHB chairman Carl Harris, a custom home builder from Wichita, Kan., said in a press statement. “This is reflected in the fact that future sales expectations have increased to a nearly three-year high.” Mortgage rates have dropped for the last three consecutive weeks, with the average 30-year mortgage rate holding at 6.6%, according to Freddie Mac. There’s a growing expectation that the Federal Reserve will cut the federal funds rate by 25 basis points at the conclusion of its meeting on Wednesday. The decrease has already been baked into current mortgage interest rates, so housing experts don’t expect mortgage rates to drop further. NAHB chief economist Robert Dietz wrote, "Concerns over inflation risks in 2025 will keep long-term interest rates, like mortgage rates, near current levels with mortgage rates remaining above 6%.” US stocks fell on Tuesday as investors look ahead to the start of the last Federal Reserve policy meeting of the year, with all bets pointing to a 25 basis point interest rate cut. The Dow Jones Industrial Average ( ^DJI ) slid roughly 0.5%, coming off an eighth straight day of losses for the blue-chip index. The benchmark S&P 500 ( ^GSPC ) and tech-heavy Nasdaq Composite ( ^IXIC ) also lost about 0.5%. The Nasdaq closed at a record high on Monday. November retail sales grew at a faster pace than Wall Street analysts had expected, reflecting continued resilience in the American consumer and indicating that the holiday shopping season in the US is off to a strong start. Retail sales rose 0.7% in November. Economists had expected a 0.6% rise in spending, according to Bloomberg data. Meanwhile, retail sales in October were revised up to a 0.5% increase from a prior reading that showed a 0.4% increase in the month, according to Census Bureau data . A 2.4% month-over-month increase in motor vehicle and auto parts sales, as well as a 1.8% increase in online sales, drove the gains. November sales, excluding auto and gas, rose 0.2%, below consensus estimates for a 0.4% increase. The control group in Tuesday's release, which excludes several volatile categories and factors into the Gross Domestic Product reading for the quarter, increased by 0.4%, in line with estimates. Read more here. Economic data: Retail sales (November); Retail sales excluding auto and gas month-over-month (November); Industrial production (November); NAHB housing market index (December) Earnings: No notable earnings. Here are some of the biggest stories you may have missed overnight and early this morning: What could go wrong with Wall Street's 2025 consensus? Broadcom's 'Nvidia moment' has arrived. Now it needs to deliver. Electrified growth: Why GM is our surprise of the year T. Rowe raises prospect of 6% Treasury yields on fiscal risk How Musk's escalating feud with Altman could hit OpenAI BofA: Stocks flash sell signal after cash holdings tumble Arm-Qualcomm Contract Fight Threatens to Upend Chip Industry Alibaba to sell China department store chain for $1.3B loss
THUNDER BAY – Patty Hajdu, MP for Thunder Bay-Superior North and minister of Indigenous services, hosted a roundtable discussion on winter roads Friday. In attendance with Hajdu were Nishnawbe Aski Nation and other First Nation leaders, to discuss the challenges posed by shortened winter roads seasons. Northern remote First Nations rely on ice roads across frozen waterways in winter to truck in fuel, construction supplies and other essential goods. But climate change has dramatically shortened the winter road season in recent years “and this places a huge stress on communities,” Hajdu said after the roundtable meeting. “One community talked about having approval for 20 modular units and only being able to get 13 through the winter roads. And of course, the cost of airlifting, this is just astronomical,” she told reporters at a news conference. “So I convened a winter roads conference and invited the province of Ontario, (which) has a huge responsibility in building those roads and working with communities. They unfortunately did not come to the conference, but it was still very productive nonetheless.” After the roundtable, Hajdu announced an additional $20 million in federal funding over four years for winter roads for northern First Nations in Ontario. This new funding supplements $7 million previously allocated to those communities to help address the challenges posed by shorter winter road seasons. Hajdu also announced the creation of “a Far North working committee with the province of Ontario and with communities that are represented by Nishnawbe Aski Nation and Matawa (First Nations)” to find short- and long-term solutions to First Nations’ winter roads challenges. “Canada is committed to provide the funding for this committee to be stood up, but also for our communities to have the capacity to participate if Ontario actually decides that they want to come to the committee and join.” Nishnawbe Aski Nation, which represents 49 First Nations across northern Ontario, declared a “winter roads state of emergency” in early February this year as warm winter weather gave northern reserves little to no winter road season. “I agree with the minister that this is an all-hands-on-deck moment, and I appreciate her willingness to sit at the table with us and act on these serious issues,” NAN Grand Chief Alvin Fiddler said in a news release issued Friday. “In addition to this funding, I am encouraged by the minister’s commitment to develop a First Nations-led road agency. We look forward to beginning this work with full engagement with First Nations communities.” Fiddler also said he was “disappointed that provincial political leaders were not here today. We are still in a state of emergency. Many of the issues we are discussing require the province to be at the table.”The number of Americans filing new applications for unemployment benefits fell to a seven-month low last week, suggesting that job growth likely rebounded in November after abruptly slowing last month amid hurricanes and strikes. It is, however, taking longer for the unemployed to find new work. The report from the Labor Department on Thursday also showed unemployment rolls swelling to levels last seen in late 2021. Labor market slack keeps the door open for a third interest rate cut from the Federal Reserve next month, despite a recent lack of progress lowering inflation to its 2% target. “There is no sign of incipient recession in these figures,” said Carl Weinberg, chief economist at High Frequency Economics. “The labor market is softening but not imploding.” Initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 213,000 for the week ended Nov. 16, the lowest reading since April. Economists polled by Reuters had forecast 220,000 claims for the latest week. The data included the Veterans Day holiday, which could have injected some volatility. Unadjusted claims decreased 17,750 to 213,035 last week. Filings in California dropped 4,657, almost reversing the prior week’s 5,906 jump. The state offered no comment for that increase. There were also notable declines in applications in New Jersey, Ohio, Georgia, Texas and Indiana. Filings had surged in New Jersey and Texas in the prior week, blamed on layoffs in the educational services industry as well as the healthcare and social assistance sector. Though overall claims soared in early October amid disruptions caused by Hurricanes Helene and Milton as well as strikes by factory workers at Boeing BA.N and another aerospace company, layoffs have remained low. That is softening the hit on the labor market from sluggish hiring. The claims data covered the period during which the government surveyed businesses for the nonfarm payrolls component of November’s employment report. Claims fell considerably between the October and November survey weeks. The dollar was little changed against a basket of currencies. Stocks on Wall Street were poised to open higher. Government data on Tuesday confirmed that Helene, Milton and the aerospace strikes had accounted for much of the sharp slowdown in job growth in October. The state employment and unemployment report also showed the labor market steadily slowing. Economists estimated that the strikes and storms probably subtracted between 100,000 and 125,000 jobs from payrolls last month. Nonfarm payrolls increased by a scant 12,000 jobs in October, the smallest gain since December 2020, after rising by 223,000 in September. The Boeing strike ended early this month after workers accepted a new contract, while rebuilding is underway in the areas devastated by the hurricanes. That creates a base of at least 100,000 jobs for November’s payrolls. Data next week on unemployment rolls could offer more clarity on the state of the labor market in November. The number of people receiving benefits after an initial week of aid, a proxy for hiring, increased 36,000 to a seasonally adjusted 1.908 million during the week ending Nov. 9, the claims report showed. The so-called continuing claims have been boosted by Boeing-related furloughs and the hurricanes. The employment report for November could determine if the Fed cuts rates again in December. The U.S. central bank trimmed rates by 25 basis points earlier this month, lowering its benchmark overnight interest rate to the 4.50%-4.75% range. The Fed embarked on its policy easing cycle with an unusually large half-percentage-point rate cut in September, its first reduction in borrowing costs since 2020. It hiked rates by 525 basis points in 2022 and 2023 to curb a surge in inflation. Source: Reuters (Reporting by Lucia Mutikani; Editing by Paul Simao, Chizu Nomiyama and Andrea Ricci)
Berry Global Group (NYSE:BERY) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" To keep reading, please log in to your account, create a free account, or simply fill out the form below.Unai Emery feels confidence returning after Aston Villa end winless run