Author: super@dmin
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: Amid criticism for its handling of another Alzheimer’s drug, FDA will decide this week whether to approve lecanemab
A damning new congressional report found the regulator didn’t follow the correct procedures when it approved Aduhelm in 2021
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: Kevin McCarthy House speaker vote: Here are the 19 Republicans who defected
19 Republicans voted against Kevin McCarthy on the first ballot in the House speaker election. Here’s who they are
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Financial Crime: Sam Bankman-Fried pleads not guilty in multi-billion dollar FTX fraud case
The FTX founder has been under house arrest since being charged with allegedly looting billions in customer deposits.
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Deep Dive: 20 stocks expected by Goldman Sachs to gain the most from Washington’s clean-energy spending
The landmark legislation includes $391 billion in spending, which is expected to help earnings.
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: Not every tech company is shaving jobs: These startups are on hiring binges
Some startups, especially those in AI, are flush with cash, providing a strong contrast to large employers that are shedding workers by the thousands.
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: Cars and videogames: Nvidia rolls out $799 gaming card, partners with Foxconn on EVs
Nvidia Corp. shares dragged on the broader chip sector on the first day of 2023 trading Tuesday
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Market Extra: Tesla stock wipes out three day bounce, hits lowest price in more than 2 years
Tesla stock falls to fresh lows after disappointing deliveries data, to knock the EV maker down to 15th on list of most valuable S&P 500 index companies.
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The Margin: Almost 80% of Americans think the U.S. will experience great economic difficulty in 2023
In addition, 90% say 2023 will be ripe with political conflict and 85% predict a ‘troubled year’ for international affairs.
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The Tell: This stock-market indicator sends a bullish signal amid bearish Wall Street sentiment, BofA says
Recommended allocations to stocks have dropped to levels that historically have sent a contrarian, bullish signal to the U.S. stock market, according to BofA Global Research.
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Market Extra: ‘Recession is what everyone is betting on’: 2023’s first trading day begins
In the first trading day of the new year, U.S. financial markets were bogged down by the almost universal view that a recession is approaching.