
Martin Madaus Elected to Hologic Board of Directors
The main US indices finished lower on Monday, fueled by a decline in AI leader Nvidia that weighed on tech stocks, as investors looked ahead to a crucial inflation report set for later this week. Nvidia fell after China's market regulator launched an investigation into the chipmaker over suspected violation of antimonopoly law, dragging down the information technology sector. Advanced Micro Devices slipped after BofA Global Research downgraded its rating on the stock, weighing on the Philadelphia Semiconductor Index. "The market was taken a bit by surprise regarding China's investigating (Nvidia) as a possible antimonopoly-law violation. So that's one thing that's putting a little damper on the market," said Sam Stovall, chief investment strategist at CFRA Research in New York. The S&P 500 lost 37.92 points, or 0.6 percent, to end at 6,052.35, and the Nasdaq Composite lost 123.08 points, or 0.6 percent, to 19,736.69. The Dow Jones Industrial Average fell 240.59 points, or 0.5 percent, to 44,401.93. Comcast declined after forecasting a loss of more than 100,000 broadband subscribers in the fourth quarter, denting the communication services sector. Shares of Hershey soared following a report that Cadbury parent Mondelez was exploring an acquisition of the chocolate maker. Mondelez shares fell. Investors are anticipating the consumer price index (CPI) data set for release on Wednesday, along with the producer price index (PPI) on Thursday, ahead of the Federal Reserve's meeting on Dec. 17-18. Several Fed officials, including Chair Jerome Powell, emphasized caution regarding the central bank's approach to easing monetary policy due to the economy's resilience. Wall Street's main indexes started December on a positive note, with the benchmark S&P 500 and the tech-heavy Nasdaq both gaining in their first week, while the blue-chip Dow ended the week slightly lower. US stocks soared in November after Donald Trump won the presidential election and his party secured control of both houses of Congress, raising expectations for a more business-friendly policy agenda. (Reuters)5 top tech gifts for the holidays
MARLBOROUGH, Mass.--(BUSINESS WIRE)--Dec 9, 2024-- Hologic, Inc. (Nasdaq: HOLX) announced today that Martin Madaus has been elected to the Company’s Board of Directors, effective December 6, 2024. Dr. Madaus was also appointed to the Compensation Committee and the Nominating and Corporate Governance Committee effective December 6, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241209400549/en/ Dr. Martin Madaus (Photo: Business Wire) Dr. Madaus, who has more than 30 years of diagnostics and life sciences industry experience, currently serves as an Operating Executive at the Carlyle Group, a global investment firm, which he joined in February 2019. Prior to joining the Carlyle Group, Dr. Madaus held the role of Chairman and Chief Executive Officer at Ortho Clinical Diagnostics, Inc., a diagnostics company that makes products and diagnostic testing equipment for blood testing. Dr. Madaus previously served as the Chairman, President and Chief Executive Officer of Milipore Corporation, a life sciences company serving the bioscience research and biopharmaceutical manufacturing industry, until its acquisition by Merck KGaA in 2010. “We’re delighted to welcome Martin to Hologic’s Board of Directors,” said Steve MacMillan, Hologic’s Chairman, President and Chief Executive Officer. “With his deep industry, technical, business and international experiences, Martin represents yet another strong addition to our deep and experienced Board.” Dr. Madaus received a Doctor of Veterinary Medicine from the University of Munich in Germany and a Ph.D. in Veterinary Medicine from the Veterinary School of Hanover in Germany. About Hologic, Inc. Hologic, Inc. is an innovative medical technology company primarily focused on improving women's health and well-being through early detection and treatment. For more information on Hologic, visit www.hologic.com . Forward Looking Statements This press release contains forward-looking information that involves risks and uncertainties, including statements about the Company's plans, objectives, expectations and intentions, and statements regarding the Company's Board of Directors. These forward-looking statements are based on assumptions made by the Company as of this date and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, the risk that the Company may not be able to attract and retain qualified Board members or executives. These risks are not exhaustive. Other factors that could adversely affect the Company's business and prospects are described in the filings made by the Company with the SEC. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements presented here to reflect any change in expectations or any change in events, conditions or circumstances on which any such statements are based. SOURCE: Hologic, Inc. View source version on businesswire.com : https://www.businesswire.com/news/home/20241209400549/en/ CONTACT: Investor Contact: Ryan Simon +1 858.410.8514 ryan.simon@hologic.comMedia Contact: Bridget Perry +1 508.263.8654 bridget.perry@hologic.com KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES CONSUMER WOMEN HEALTH TECHNOLOGY GENERAL HEALTH BIOTECHNOLOGY SOURCE: Hologic, Inc. Copyright Business Wire 2024. PUB: 12/09/2024 04:05 PM/DISC: 12/09/2024 04:05 PM http://www.businesswire.com/news/home/20241209400549/en
OMAHA, Neb. (AP) — Creighton point guard Steven Ashworth likely won't play Tuesday in the No. 21 Bluejays' game against San Diego State in the Players Era Festival in Las Vegas. Ashworth sprained his right ankle late in a loss to Nebraska on Friday, and coach Greg McDermott said he didn't know how long he would be out. “He stepped on a guy's foot on a 3-point shot and you're defenseless in that situation," McDermott said after the game. "He torqued it pretty good.” An athletic department spokesman said Monday that Ashworth's status was doubtful for the game against the Aztecs. Ashworth is Creighton's second-leading scorer with 16 points per game and leads the team with 6.4 assists per game. He also is 23 of 23 on free throws. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP collegebasketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketballTo Stratford With Love was Richard and Ruth Kneider’s way of giving back to the community they called home. It started 36 years ago at what was then the Army and Navy building on Lorne Avenue, and overflow from the free dinner ended up at their restaurant – RJ’s Diner – on the outskirts of the city. But the couple behind Simple Dreams Ministries never envisioned it would grow into a city staple nearly four decades later. “We believe it’s truly become a Stratford tradition,” Richard Kneider said. The concept behind the event, if you’ve never been, is straightforward. “We just want people to experience a nice celebration where, if they don’t have family that is local, or circumstances are tough, or they just need to have good way to celebrate, they know we’re here to serve,” Ruth Kneider said. “At one side of the table, you can have somebody who is literally homeless,” Richard Kneider said. “On the other side of the table, you can have somebody who is making $100,000-plus, but at that moment they’re all on the same playing field. We’ve realized over the years that depression and loneliness have no social boundaries. We want people to come and enjoy the fellowship of the evening.” This year’s event is scheduled for Dec. 14 at the Rotary Complex. The Stratford Concert Band will play guests to their seats, and local band Upside of Maybe will also perform. Guests will dine on roast beef, baked potatoes, vegetables, coleslaw and pie donated or prepared by restaurants, businesses and those among the brigade of volunteers that has grown to more than 200 people. For years, that evolving group has included Richard and Ruth Kneider’s girls – Morgan, Katey and Jillian – but now grandkids are also getting involved. Archer, Foster and Olive Chambers, and Pearl and Lincoln Patterson, whose ages range from seven to 14, have made To Stratford With Love a three-generation family event. “I’m more inspired by their willingness to help,” Ruth Kneider said. “They could say, ‘I don’t want to do this,’ but they’re excited to be a part of it, and they’re all great kids. We’re really thankful they’re willing to do this, but it’s instilling in them some values I think are getting lost in the shuffle of how busy people’s lives are getting.” There will be seating for 800 next month, Ruth Kneider said, with a room for overflow – just like the first dinner 36 years ago. No one will be turned away. “It just goes year to year,” she said. “We are people who believe everyone has a purpose, and if that means we’re reaching out to the community to make them aware of who they are, that they’re worthy of something like this and to come together and bring your family, then yeah, we want you.” Tickets, as always, are free. Hard copies are available at Stratford city hall, House of Blessing, Salvation Army Stratford and The Local Community Centre. Registration for the dinner or as a volunteer can also be done at tostratfordwithlove.ca. To Stratford With Love Saturday, Dec. 14 : 5:30 p.m. Stratford Rotary Complex. There is another event there at the same time, so those attending are asked to give themselves extra time to park or, if possible, to take public transit. Free. They can be picked up at Stratford city hall, House of Blessing, Salvation Army Stratford and The Local Community Centre. Registration for the dinner or as a volunteer can also be done at .
NEW YORK, Nov. 30, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Chipotle Mexican Grill, Inc. CMG and certain of the Company's senior executives for potential violations of the federal securities laws. If you invested in Chipotle, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/chipotle-mexican-grill-inc . Investors have until January 10, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Chipotle securities. The case is pending in the U.S. District Court for the Central District of California and is captioned Stradford v. Chipotle Mexican Grill, Inc., et al. , No. 24-cv-02459. What is the Lawsuit About? Chipotle owns and operates more than 3,000 Chipotle Mexican Grill restaurants across the United States, Canada, and Western Europe. The complaint alleges that in response to negative news reports accusing Chipotle of reducing portion sizes provided to customers, the Company repeatedly misrepresented that there "have been no changes in our portion sizes." On July 24, 2024, Chipotle admitted that portion inconsistency was, in fact, a problem at the Company's restaurants and that in order to correct the inconsistent portion sizes, the Company would experience a higher cost of sales. Over the course of the next two days, July 25 and July 26, 2024, the price of the Company's stock fell 3.8%, from a closing price of $51.78 per share on July 24, 2024, to $49.83 per share on July 26, 2024. Then, on October 29, 2024, after market hours, Chipotle revealed a 30.6% increase in its cost of sales, in part because the Company "focused on ensuring consistent and generous portions." The next day, October 30, 2024, Business Insider reported that "Profit margins for the chain suffered last quarter because of a concerted effort to provide ‘consistent and generous portions' in every order." On October 30, 2024, the price of the Company's stock fell 7.9%, from a closing price of $60.49 per share on October 29, 2024, to $55.73 per share on October 30, 2024. Click here if you suffered losses: https://www.bfalaw.com/cases-investigations/chipotle-mexican-grill-inc . What Can You Do? If you invested in Chipotle you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: https://www.bfalaw.com/cases-investigations/chipotle-mexican-grill-inc Or contact: Ross Shikowitz ross@bfalaw.com 212-789-3619 Why Bleichmar Fonti & Auld LLP? Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs' Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd. For more information about BFA and its attorneys, please visit https://www.bfalaw.com . https://www.bfalaw.com/cases-investigations/chipotle-mexican-grill-inc Attorney advertising. Past results do not guarantee future outcomes. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
UnitedHealthcare CEO kept a low public profile. Then he was shot to death in New YorkStocks closed higher on Wall Street as the market posted its fifth straight gain and the Dow Jones Industrial Average notched another record high. The S&P 500 rose 0.3%. The benchmark index’s 1.7% gain for the week erased most of its loss from last week. The Dow rose 1% as it nudged past its most recent high set last week, and the Nasdaq composite rose 0.2%. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump's victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. It's now within about 0.5% of its all-time high set last week. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 12.8% after handily beating analysts' third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 2.2% after raising its earnings forecast for the year. EchoStar fell 2.8% after DirecTV called off its purchase of that company's Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 gained ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.2%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.7%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.7% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. All told, the S&P 500 rose 20.63 points to 5,969.34. The Dow climbed 426.16 points to 44,296.51, and the Nasdaq picked up 42.65 points to close at 2,406.67. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation's largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts' expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan's consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It's still up from 70.5 in October. The survey also showed that consumers' inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed's preferred measure of inflation and this will be the last PCE reading prior to the central bank's meeting in December.
Black Friday can do one in my opinion. Don’t be sucked in by the so-called deals, when there’s reports aplenty that retailers ramp up prices ahead of the event to pretend slash them and suck you in to buying more things you probably don’t need. I know the marketing and PR push around the event is hard to avoid in the news, on social media, in shop windows and life in general. But you must know by now that it’s just more clever marketing to keep us all in this bleak spiral of consumerism that’s ruining our planet. I often hear from retail bosses about how they provide the goods on their shelves because that’s what their customers want - but if that’s really the case then why do they employ clever PR people and marketers who’ve really done their psychology homework in a bid to keep us buying more and more and more. In reality, all any of us really need is a warm and happy home; nutritious food in our bellies and clean water to drink; clothes that suit the season; as well as community, friends, family connections and something to do that keeps us sane, feeling loved an fill us with some purpose. We don’t need ‘buy one get one free’ on things we don’t need; bathroom cupboards full of creams that promise this, that or the other; wardrobes filled with hundreds of garments and shoes or enough toys to fill the family’s main room at home and the latest hot gadgets - no matter what the ads say. Yet in a bid to fill the void left by loneliness, hopelessness and unfulfillment in our everyday lives because we simply don’t have the time for family and friends and the world seems stuck in a doom spiral; we all rush to buy more stuff for that quick hit of happiness instead of examining our real problem. It’s like we’re all little zombie hamsters stuck on an endlessly cycling wheel of working, buying, using and discarding. I know that in the world our ancestors shaped for us, we need to work to make money to feed ourselves, keep a home and have a family if that’s what you want. But when did incessant consumerism become our factory setting? When did it stop mattering how much we use up and throwaway - even if we are sending it to charity shops to alleviate our shame. If we don’t soon stop - the imagined world of Wall-e will be real for all of us. We’ve already seen it in the mounting mountains of waste in far flung places around the world where our discarded clothes and shoes are piled high in deserts, rivers and on beaches - because we somehow stupidly think that sending it to the poorest places on Earth with the fewest environmental protections that it will be treated in a way that doesn’t pollute the planet. It’s time to wake up people. I know it’s nice to buy new things - I feel that joy too. But when are we going to take responsibility for the burden we are putting on the planet and stop buying things we don’t need? Yes COP29 was a major cop out - and world leaders yet again failed to deliver a date to phase out all fossil fuels and provide the poorer countries in the world with the money they need to put in renewables and turn their backs on fossil fuels. Yes, billionaires have a much bigger carbon footprint than most of us put together, buy far more stuff, have much bigger houses and probably a jet and yacht they never tire of using. But the only thing we can control is what we do personally - so let’s not turn a blind eye to our own weaknesses because we see others doing worse. We all have a hand in the mess our planet is becoming - not just the rich, not just the fossil fuel execs and not just the politicians and that’s because we are all blindly buying into the world we’ve let them create for us. When elections come around - do we vote in the Greens en mass because we know they will take the decisions that need to be made for the best of the planet we call home? No, we don’t. That’s because we’re all sitting here thinking we can carry on as usual, as the world falls down around us, and someone else will fix it for us. They won’t. As long as we keep buying massive cars, huge houses and all the clothes and shoes and devices you want and taking cheap flights five times a year while turning a blind eye to the mess we are leaving in our wake - we are all to blame. We are among the millions of consumers on which this world now rotates - and as long as we keep buying into the reality that we need more of everything, nothing will ever change. But, what if we didn’t? Imagine the power we would wield. Retailers will no longer be able to use the excuse they are supplying what the customer wants. So say ‘no’ to a new phone every year, don’t upgrade your TV every time a new model appears and for the love of God, stop with these hauls from Shein and TikTok and wherever else you are buying clothes stitched together by kids using materials that are killing their corner of the world. We can and must do better - because while we’ve had some devastating floods locally - we’re yet to see the worst of what the climate crisis has in store for us and if we don’t change our ways, we all deserve a share of the blame. Well Ulster Wildlife have just made that idea possible through an amazing partnership with the An Creagán Centre in Co Tyrone. If you head along to their festive event on Saturday, December 7 you could come home with a real that will also help restore Haughey’s Bog to the way it should be. Sitka spruce trees are not supposed to grow in bogland, but after years of peat extraction that allowed the area to dry out they have started to take over. Now families across NI are being invited to come and cut one down to take it home - while helping restore the bog to help in the fight against the climate crisis because intact bogs store carbon emissions. Participants will learn about these restoration efforts while getting to pick and cut a real Christmas tree to take home! Bryan Ward, Senior Peatlands Officer with Ulster Wildlife said: “This is a unique opportunity to make a difference while creating special festive memories. While we wouldn’t typically encourage single-use Christmas trees, in this case, removing the invasive Sitka spruce is vital for the recovery of this precious peatland habitat.” The event is from 10.30am-1pm, with pre-booked time slots. Booking is essential . There is no charge for this event, but a suggested donation of £10 will help support the local nature conservation charity’s vital work to bring nature back. If you are interested in getting involved, email or call 028 9045 4094. To remove this article -Judge to hear arguments on whether Google's advertising tech constitutes a monopoly ALEXANDRIA, Va. (AP) — The Justice Department and Google are set to make closing arguments in a trial alleging Google’s online advertising technology constitutes an illegal monopoly. The arguments in federal court Monday in northern Virginia come as Google is already facing a possible breakup of the company over its ubiquitous search engine. The Justice Department says it will seek the breakup of Google to remedy its search engine monopoly. The case focuses not on the search engine but on technology that matches online advertisers to consumers on the internet. A judge is expected to rule by the end of the year. ‘Busiest Thanksgiving ever’: How the TSA plans to handle record air travel DALLAS (AP) — The Thanksgiving travel rush is expected to be bigger than ever this year. AAA predicts that nearly 80 million people in the U.S. will venture at least 50 miles from home between Tuesday and next Monday — most of them by car. Thanksgiving Day falling so late this year has altered traditional travel patterns. At airports, the Transportation Security Administration says it could screen a record number of U.S. air travelers on Sunday. Meanwhile, the head of the Federal Aviation Administration says a shortage of air traffic controllers could cause flight delays. Transportation analytics company INRIX says roads could be congested on Monday with both commuters and returning holiday travelers. Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings Macy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million accounting-related issue. The company did provide some preliminary results for its third quarter, including that net sales fell 2.4% to $4.74 billion. It anticipates reporting its full third-quarter financial results by Dec. 11. 'Buy now, pay later' is more popular than ever. Experts warn shoppers not to overdo it NEW YORK (AP) — More shoppers are using ‘buy now, pay later’ plans heading into Black Friday and the holiday season, as the ability to spread out payments looks attractive at a time when Americans still feel the lingering effect of inflation and already have record-high credit card debt. Experts say the short-term loans can lead consumers to overextend themselves and warn that those who use credit cards for the service face higher interest expenses. The data firm Adobe Analytics predicts shoppers will spend 11.4% more this holiday season using buy now, pay later than they did a year ago. Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death OMAHA, Neb. (AP) — Investor Warren Buffett renewed his Thanksgiving tradition of giving by announcing plans Monday to hand more than $1.1 billion of Berkshire Hathaway stock to four of his family's foundations, and he offered new details about who will be handing out the rest of his fortune after his death. Buffett has said previously that his three kids will distribute his remaining $147.4 billion fortune in the 10 years after his death, but now he has also designated successors for them because it’s possible that Buffett’s children could die before giving it all away. Buffett said he has no regrets about his decision to start giving away his fortune in 2006. Workers at Charlotte airport, an American Airlines hub, go on strike during Thanksgiving travel week CHARLOTTE, N.C. (AP) — Service workers at Charlotte Douglas International Airport have gone on strike during a busy week of Thanksgiving travel to protest what they say are unlivable wages. Employees of ABM and Prospect Airport Services authorized the work stoppage in North Carolina that started Monday morning. Union spokesperson Sean Keady says the strike is expected to last 24 hours. The companies contract with American Airlines to provide services such as cleaning airplane interiors, removing trash and escorting passengers in wheelchairs. Airport officials say this holiday travel season is expected to be the busiest on record. The companies have acknowledged the seriousness of a strike during the holiday travel season. At the crossroads of news and opinion, 'Morning Joe' hosts grapple with aftermath of Trump meeting The reaction of those who defended “Morning Joe” hosts Joe Scarborough and Mika Brzezinski for meeting with President-elect Trump sounds almost quaint in the days of opinionated journalism. Doesn't it makes sense, they said, for hosts of a political news show to meet with such an important figure? But given how “Morning Joe” has attacked Trump, its viewers felt insulted. Many reacted quickly by staying away. It all reflects the broader trend of opinion crowding out traditional journalist in today's marketplace, and the expectations that creates among consumers. By mid-week, the show's audience was less than two-thirds what it has typically been this year. Stock market today: Wall Street rises near records as Treasury yields ease NEW YORK (AP) — U.S. stocks are rising near records and adding to last week’s gains. The S&P 500 rose 0.2% Monday and was just below its all-time high set two weeks ago. The Dow Jones Industrial Average added 395 points to its own record set on Friday, while the Nasdaq composite was 0.1% higher. Treasury yields also eased in the bond market after President-elect Donald Trump said he wants Scott Bessent, a hedge fund manager, to be his Treasury Secretary. Bessent has advocated for reducing the U.S. government’s deficit, which could soothe some worries that had been building on Wall Street. Judge in Alex Jones' bankruptcy case to hear arguments on The Onion's bid for Infowars A federal judge in Texas is set to hold a hearing on whether the satirical news outlet The Onion made a valid bid for the Infowars platforms of conspiracy theorist Alex Jones, who alleges a bankruptcy auction was marred by fraud and collusion. The hearing is set for Monday afternoon. It's not clear how soon the bankruptcy judge will rule. He could allow The Onion to move forward with its purchase, order a new auction or even name the only other bidder as the winner. Jones filed for bankruptcy after being ordered to pay nearly $1.5 billion in defamation lawsuits by families of victims of the 2012 Sandy Hook Elementary School shooting in Connecticut. As Amazon expands use of warehouse robots, what will it mean for workers? Amazon has introduced a handful of robots in its warehouses that the e-commerce giant says will improve efficiency and reduce employee injuries. Two robotic arms named Robin and Cardinal can lift packages that weigh up to 50 pounds. Sparrow transfers items from bins to other containers. The company says it's already seeing benefits, such as reducing the time it takes to fulfill orders and helping employees avoid repetitive tasks. However, automation also carries drawbacks for workers who might need to be retrained for new positions. The Associated Press recently spoke with Julie Mitchell, the director of Amazon’s robotic sortation technologies, about where the company hopes to go from here.