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This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here . 24/7 San Diego news stream: Watch NBC 7 free wherever you are Martial law declared and lifted in South Korea South Korean President Yoon Suk Yeol declared early Wednesday morning he would lift emergency martial law after the National Assembly voted to overturn Yoon's decree issued late Tuesday night. Yoon has in recent weeks clashed with the opposition party over 2025's budget. A coalition of lawmakers from opposition parties are reportedly planning to propose a bill to impeach Yoon on Wednesday. South Korean markets roiling South Korean markets opened lower on Wednesday as investors digested the political turmoil. The Kospi lost around 1.6% as South Korean heavyweight stocks like Samsung Electronics, Hyundai Motor and Korea Gas Corporation stumbled. The won rebounded from earlier steep losses — it plunged to a two-year low against the U.S. dollar — but still ended the day lower against the greenback. Emergency measures by BOK In the morning after Yoon's shocking move, the Bank of Korea said it would boost short-term liquidity and offer special loans to stabilize the country's financial and foreign exchange markets, as necessary. However, the impact on markets might be "short-lived," wrote Citi analysts in a note, if there is "proactive policy response." Mixed markets U.S. markets were mixed on Tuesday . The S&P 500 was flat, the Dow Jones Industrial Average fell but the Nasdaq Composite rose. Asia-Pacific markets also traded mixed on Wednesday . Australia's S&P/ASX 200 lost 0.38% as the country's statistics agency reported that gross domestic product grew a slower-than-expected 0.3% in the three months through September. [PRO] Opportunities amid France's political chaos South Korea aside, France is also facing its own political chaos, as the country's lawmakers tabled a vote of no-confidence against the government of Prime Minister Michel Barnier. That political uncertainty is reverberating through financial markets, giving rise to trading opportunities . Money Report European markets head for mixed open with all eyes on French confidence vote Kospi heavyweight stocks fall in volatile trade after President Yoon's martial law flip-flop December may have triggered the thawing of Mariah Carey, but stocks are beginning the month chilly. The S&P 500 was essentially flat and the Dow Jones Industrial Average dropped 0.17%. The Nasdaq Composite , however, managed to climb 0.4%, thanks to Apple rising 1.3% for a new 52-week high. It's unlikely that stocks will remain in permafrost this month. December's historically the third-best month of the year , according to the Stock Trader's Almanac. The stock market may falter a little at the start of December, writes CNBC's Bob Pisani, because of tax loss selling – a phenomenon in which investors sell assets that are making a loss to reduce the tax burden on other assets making capital gains. But stocks tend to regain forward momentum as the year wraps up. "These strong returns are historically often back-end loaded," said George Smith, portfolio strategist at LPL Financial. Moreover, in presidential election years, December typically moves up one notch to become the second-best month for stocks. As Ken Mahoney, CEO of Mahoney Asset Management, noted, "When the market is up 10% or more with a newly elected President, it has never gone down in the month of December." Also, investors are likely awaiting the U.S. jobs report for November, out this Friday, before making any major moves. The numbers will be the U.S. Federal Reserve's last look at the labor market before their rate-setting meeting from December 17 to 18. The markets are currently pricing in a 73.8% chance the Fed will lower rates by 25 basis points at that meeting, a more optimistic bet than the 59.4% last week, according to the CME FedWatch tool . If the Fed does cut rates, that incision will probably scrape off any lingering frostbite on the stock market as well, in time for them to hear sleigh bells ringing. — CNBC's Bob Pisani, Sarah Min, Hakyung Kim, Sean Conlon, Lisa Kailai Han and Alex Harring contributed to this report. Also on CNBC U.S. stocks began December chilly, but will probably warm up soon Investors are filled with the festive spirit Investors are filled with the holiday spirit
Binghamton, N.Y., Dec. 13, 2024 (GLOBE NEWSWIRE) -- A new agreement between Binghamton University and The Guthrie Clinic will pave the way for enhanced collaboration on future research initiatives with the goal to benefit the outcomes and wellness of the local community. The new Collaborative Research Agreement (CRA) establishes standardized guidelines for each research project undertaken by The Guthrie Clinic and Binghamton University. These guidelines eliminate the need for repetitive contract reviews, expediting the process of launching research projects and fostering seamless collaboration. By focusing on compliance and cybersecurity, the agreement also ensures the proper safeguards are in place to protect shared data. Binghamton University President Harvey Stenger and Guthrie Clinic President and CEO Edmund Sabanegh signed the agreement into effect during a press conference on Friday, Dec.13. “I’m excited for this new understanding, both as a way for our researchers to advance their work and to accentuate the care that Guthrie provides to its patients,” said Stenger. Guthrie Clinic President and CEO Dr. Edmund Sabanegh emphasized the organization’s commitment to high-quality patient care and research efforts. “This partnership represents the best of what two respected organizations can achieve when they work together,” said Sabanegh. “This agreement allows us to collaborate more effectively, opening the door for greater innovation. It creates a solid framework to focus on meaningful research that can make a real difference in people’s lives.” The scope of the partnership extends beyond health care research. With both institutions’ diverse expertise, collaborative projects can span areas such as engineering, process improvement, and more. “Today’s announcement marks an incredible milestone in fostering innovation and addressing health challenges through the partnership between Binghamton University and Guthrie,” said State Senator Lea Webb. “As a member of the NYS Senate Health and Higher Education Committees, I am thrilled to see how this collaboration will connect cutting-edge research with clinical expertise to improve healthcare access and outcomes in our community. By bringing together Binghamton researchers and Guthrie's healthcare professionals, we are building a bridge between academic discovery and practical solutions for our collective health and wellness.” Beyond the advancement of research, this agreement is poised to benefit the broader community. By joining forces, The Guthrie Clinic and Binghamton University aim to conduct essential research that could lead to new discoveries and improvements in healthcare practices, technology and other fields. Guthrie’s recent expansion into Broome County, through its acquisition of Lourdes Hospital, further solidifies this relationship. The agreement allows Binghamton University direct access to Guthrie’s entire network of specialists and clinical expertise, creating even more opportunities for collaboration. “The collaboration between Binghamton University’s groundbreaking research and Guthrie’s clinical practice is welcome news,” said Assemblywoman Donna Lupardo. “The goal is to improve patient outcomes, while also inspiring a new generation of researchers interested in solving a myriad of health care delivery challenges. We can look forward to seeing advances in medical practice, including improvements in the way care is delivered across a variety of medical settings. I’d like to thank both of these institutions for today’s announcement.” Stenger said that there is tremendous opportunity for collaboration between the two organizations. “Our university has a large group of faculty across disciplines doing significant work in furthering our understanding of healthcare and health outcomes,” said Stenger. “Guthrie is putting that theory into practice by providing care to people in need. By combining innovative research capabilities from the University and the practical healthcare experience of the hospital, we can improve outcomes on both ends.” ### The Guthrie Clinic is a non-profit multispecialty health system integrating clinical and hospital care along with research and education. Headquartered in Sayre, Pennsylvania, The Guthrie Clinic stands as one of the nation’s longest established group practices, founded in 1910 by the visionary Dr. Donald Guthrie. The organization’s patient-centered approach revolves around a clinically integrated network of employed providers. Among The Guthrie Clinic’s more than 9,000 caregivers are close to 1,000 highly skilled physicians and advanced practice providers representing the spectrum of medical Specialties and sub-specialties. Situated across 10,000 square miles in northeastern Pennsylvania and upstate New York, The Guthrie Clinic’s comprehensive six hospital campuses also encompass an expansive network of outpatient facilities across 13 counties. Post-acute care includes acute rehabilitation, skilled nursing, personal care home, home care and hospice services, completing the continuum of care. With a commitment to shaping the future of health care, the organization offers eleven residencies and five fellowships, serving as a training ground for the next generation of leaders in the field. Visit us at www.Guthrie.org . Follow us at Twitter.com/GuthrieClinic, Facebook.com/TheGuthrieClinic, Linkedin.com/company/TheGuthrieClinic, and Instagram.com/TheGuthrieClinic.
Swiss National Bank reduced its position in shares of Mr. Cooper Group Inc. ( NASDAQ:COOP – Free Report ) by 0.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 126,400 shares of the company’s stock after selling 700 shares during the period. Swiss National Bank’s holdings in Mr. Cooper Group were worth $11,652,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in shares of Mr. Cooper Group by 984.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company’s stock worth $30,476,000 after buying an additional 354,905 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in Mr. Cooper Group in the first quarter worth $5,301,000. Los Angeles Capital Management LLC lifted its holdings in Mr. Cooper Group by 50.7% in the third quarter. Los Angeles Capital Management LLC now owns 32,592 shares of the company’s stock valued at $3,004,000 after acquiring an additional 10,964 shares during the period. Waterfall Asset Management LLC purchased a new stake in shares of Mr. Cooper Group during the 2nd quarter worth $809,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Mr. Cooper Group during the 1st quarter worth $476,000. Institutional investors and hedge funds own 89.82% of the company’s stock. Insider Activity at Mr. Cooper Group In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $88.41, for a total transaction of $2,652,300.00. Following the completion of the sale, the chief executive officer now directly owns 818,821 shares in the company, valued at $72,391,964.61. The trade was a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website . 2.33% of the stock is currently owned by corporate insiders. Wall Street Analyst Weigh In View Our Latest Report on Mr. Cooper Group Mr. Cooper Group Stock Performance COOP stock opened at $99.42 on Friday. The stock’s 50 day moving average price is $93.73 and its 200 day moving average price is $88.47. The firm has a market cap of $6.36 billion, a P/E ratio of 12.84 and a beta of 1.40. Mr. Cooper Group Inc. has a 1 year low of $59.03 and a 1 year high of $103.05. Mr. Cooper Group ( NASDAQ:COOP – Get Free Report ) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.30. The business had revenue of $616.00 million for the quarter, compared to the consensus estimate of $548.09 million. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The business’s revenue was up 32.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.79 earnings per share. On average, research analysts predict that Mr. Cooper Group Inc. will post 10.16 earnings per share for the current year. Mr. Cooper Group Profile ( Free Report ) Mr. Cooper Group Inc, together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned. Read More Want to see what other hedge funds are holding COOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mr. Cooper Group Inc. ( NASDAQ:COOP – Free Report ). Receive News & Ratings for Mr. Cooper Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mr. Cooper Group and related companies with MarketBeat.com's FREE daily email newsletter .Austin Ekeler was concussed late in the Commanders' loss and taken to hospital for evaluation