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A look at how some of Trump's picks to lead health agencies could help carry out Kennedy's overhaul Donald Trump's health team picks include a retired congressman, a surgeon and a former talk-show host. All could play pivotal roles in fulfilling an agenda that could change how the government goes about safeguarding Americans’ health, from health care and medicines to food safety and science research. In line to be Trump's health secretary is anti-vaccine organizer Robert F. Kennedy Jr. He says his task is to “reorganize” federal health agencies. They employ 80,000 scientists, researchers, doctors and other officials, and effect Americans’ daily lives. Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary WASHINGTON (AP) — President-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time settling on billionaire investor Scott Bessent as his choice for treasury secretary. The Republican not only wanted someone who jibes with him, but an official who can execute his economic vision and look straight out of central casting while doing so. With his Yale University education and pedigree trading for Soros Fund Management before establishing his own funds, Bessent will be tasked with a delicate balancing act. Trump expects him to help reset the global trade order, enable trillions of dollars in tax cuts, ensure inflation stays in check, manage a ballooning national debt and still keep the financial markets confident. Israeli strikes in central Beirut kill at least 20 as diplomats push for a cease-fire BEIRUT, Lebanon (AP) — Lebanese officials say Israeli airstrikes have killed at least 20 people and injured dozens in central Beirut, as the once-rare attacks on the heart of Lebanon’s capital continue without warning. Diplomats are scrambling to broker a cease-fire but say obstacles still remain. The current proposal calls for a two-month cease-fire during which Israeli forces would withdraw from Lebanon and Hezbollah would end its armed presence along the southern border south of the Litani River. Lebanon’s Health Ministry says Israeli attacks have killed more than 3,500 people in Lebanon in the months of fighting that have turned into all-out war. Voters rejected historic election reforms across the US, despite more than $100M push JEFFERSON CITY, Mo. (AP) — Election reform advocates had hoped for a big year at the ballot box. That's because a historic number of states were considering initiatives for ranked choice voting or to end partisan primaries. Instead, voters dealt them big losses in the November elections. Voters in Arizona, Colorado, Idaho, Missouri, Montana, Nevada, Oregon and South Dakota all rejected proposed changes to their voting systems. In Alaska, a proposal to repeal ranked choice voting appears to have narrowly fallen short. The losses in many states came even though election reform supporters raised more than $100 million, easily outpacing opponents. Supporters say they aren't giving up but plan to retool their efforts. The week that upped the stakes of the Ukraine war KYIV, Ukraine (AP) — This past week has seen the most significant escalation in hostilities Ukraine has witnessed since Russia's full-scale invasion and marks a new chapter in the nearly three-year war. It began with U.S. President Joe Biden reversing a longstanding policy by granting Kyiv permission to deploy American longer-range missiles inside Russian territory and ended with Moscow striking Ukraine with a new experimental ballistic weapon that has alarmed the international community and heightened fears of further escalation. US reels from rain, snow as second round of bad weather approaches for Thanksgiving week WINDSOR, Calif. (AP) — The U.S. is reeling from snow and rain while preparing for another bout of bad weather ahead of Thanksgiving that could disrupt holiday travel. California is bracing for more snow and rain while still grappling with some flooding and small landslides from a previous storm. The National Weather Service has issued a winter storm warning for California's Sierra Nevada through Tuesday, with heavy snow expected at high elevations. Parts of the Northeast and Appalachia are also starting the weekend with heavy precipitation. Meanwhile thousands remain without power in the Seattle area after a “bomb cyclone” storm system roared ashore the West Coast earlier in the week, killing two people. Even with access to blockbuster obesity drugs, some people don't lose weight Most people taking popular drugs like Ozempic and Wegovy to lose weight have shed significant pounds. But obesity experts say that roughly 20% of patients — as many as 1 in 5 — may not see robust results with the new medications. The response to the drugs varies from person to person and can depend on genetics, hormones and differences in how the brain regulates energy. Undiagnosed medical conditions and some drugs can prevent weight loss. Experts say it can take experimentation to help so-called nonresponders find results. Fighting between armed sectarian groups in restive northwestern Pakistan kills at least 37 people PESHAWAR, Pakistan (AP) — A senior Pakistani police officer says fighting between armed sectarian groups in the country's restive northwest has killed at least 37 people. The overnight violence was the latest to rock Kurram, a district in Khyber Pakhtunkhwa province, and comes days after a deadly gun ambush killed 42 people. The officer said Saturday that armed men torched shops, houses and government property overnight. Gunfire is ongoing between rival tribes. Although Sunnis and Shiites generally live together peacefully in Pakistan, tensions remain in some areas, especially Kurram. Hydrate. Make lists. Leave yourself time. And other tips for reducing holiday travel stress Travel, especially during the holiday season, can be stressful. But following some tips from the pros as you prepare for a trip can make for a smoother, less anxious experience. One expert traveler suggests making a list a week before you go of things you need to do and pack. Cross off each item as you complete it during the week. Another tip is to carry your comfort zone with you. That could mean noise-canceling headphones, playlists meant to soothe airport travelers, entertainment and snacks from home. Carry a change of clothes and a phone charger in case of delays. Stay hydrated. Leave extra time. And know your airline's rules. Downloading the airline's app can help with that. Andy Murray will coach Novak Djokovic through the Australian Open Recently retired Andy Murray will team up with Novak Djokovic, working with him as a coach through the Australian Open in January. Murray’s representatives put out statements from both players on Saturday. Djokovic is a 24-time Grand Slam champion who has spent more weeks at No. 1 than any other player in tennis history. Murray won three major trophies and two Olympic singles gold medals who finished 2016 atop the ATP rankings. He retired as a player after the Paris Summer Games in August.State ATS launches big crackdown on illegal Bangladeshi immigrants in Nagpur, detains 50
NEW YORK (AP) — U.S. stocks slipped below their records in the runup to a big jobs report due on Friday. The S&P 500 edged down 0.2% Thursday after setting an all-time high for the 56th time this year the day before. The Dow Jones Industrial Average lost 0.6%, while the Nasdaq composite fell 0.2%. The crypto market had much more action, and bitcoin briefly burst to a record above $103,000 before falling back toward $99,000. It’s climbed dramatically since Election Day on hopes President-elect Donald Trump will be more friendly to crypto. Airline stocks were strong, while Treasury yields held relatively steady in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stocks are drifting around their records Thursday in the runup to a big jobs report due on Friday. The crypto market had much more action, and bitcoin briefly burst to a record above $103,000 before pulling back. The S&P 500 was edging down by 0.1% after setting an all-time high for the 56th time this year the day before to improve one of its best years of the millennium . The Dow Jones Industrial Average was down 183 points, or 0.4%, with roughly an hour remaining in trading, while the Nasdaq composite was nearly unchanged from its own record set the day before. Bitcoin powered above $100,000 the night before, after President-elect Donald Trump chose a crypto advocate, Paul Atkins, as his nominee to head the Securities and Exchange Commission. The cryptocurrency has climbed dramatically from less than $70,000 on Election Day, but it quickly fell back as Thursday progressed toward $99,000, according to CoinDesk. Sharps swings for bitcoin are nothing new, and they took stocks of companies enmeshed in the crypto world on a similar ride. After rising as much as 9% in early trading, MicroStrategy, a company that’s been raising cash just to buy bitcoin, swung to a loss of 5.9%. Crypto exchange Coinbase Global fell 3.2% after likewise erasing a big early gain. Elsewhere on Wall Street, stocks of airlines helped lead the way following the latest bumps up to financial forecasts from carriers. American Airlines Group soared 18.6% after saying it’s making more in revenue during the last three months of 2024 than it expected, and it will likely make a bigger profit than it had earlier forecast. The airline also chose Citi to be its exclusive partner for credit cards that give miles in its loyalty program. That should help its cash coming in from co-branded credit card and other partners grow by about 10% annually. Southwest Airlines climbed 3.4% after saying it’s seeing stronger demand from leisure travelers than it expected. It also raised its forecast for revenue for the holiday traveling season. On the losing end of Wall Street was Synposys, which tumbled 12.1%. The supplier for the semiconductor industry reported better profit for the latest quarter than analysts expected, but it also warned of “continued macro uncertainties” and gave a forecast for revenue in the current quarter that fell short of some analysts’ estimates. American Eagle Outfitters fell even more, 15.3%, after the retailer said it’s preparing for “potential choppiness” outside of peak selling periods. It was reminiscent of a warning from Foot Locker earlier in the week and raised more concerns about how resilient U.S. shoppers can remain. Solid spending by U.S. consumers has been one of the main reasons the U.S. economy has avoided a recession that earlier seemed inevitable after the Federal Reserve hiked interest rates to crush inflation. But shoppers are now contending with still-high prices and a slowing job market . This week’s highlight for Wall Street will be Friday’s jobs report from the U.S. government, which will show how many people employers hired and fired last month. A report on Thursday said the number of U.S. workers applying for unemployment benefits rose last week but remains at historically healthy levels. Expectations are high that the Fed will cut its main interest rate again when it meets in two weeks. The Fed began easing its main interest rate from a two-decade high in September, hoping to offer more support for the job market. In the bond market, the yield on the 10-year Treasury held steady at 4.18%, where it was late Wednesday. In stock markets abroad, indexes were mostly calm in Europe after far-right and left-wing lawmakers in France joined together to vote on a no-confidence motion prompted by budget disputes that will force Prime Minister Michel Barnier and his Cabinet to resign. The CAC 40 index in Paris added 0.4%. In South Korea, the Kospi fell 0.9% to compound its 1.4% decline from the day before. President Yoon Suk Yeol was facing possible impeachment after he suddenly declared martial law on Tuesday night. He revoked the martial law declaration six hours later. Crude oil prices slipped after eight members of the OPEC+ alliance of oil exporting countries decided to put off increasing oil production. ___ AP Business Writers Yuri Kageyama and Matt Ott contrributed. Stan Choe, The Associated PressBy Emily Dattilo Broadcom is leading the S&P 500 in December, with shares of the tech company gaining 51% so far this month, according to Dow Jones Market Data. That puts Broadcom stock on track for its best month on record. On Dec. 12, the company—which is known for making application-specific integrated circuits, or ASICs—reported strong fiscal-fourth-quarter earnings and provided optimistic guidance. Other top S&P 500 performers this month include Tesla, Palantir Technologies, Lululemon Athletica, Teradyne, Boeing, Alphabet, Ulta Beauty, Arista Networks, and Monolithic Power Systems.Swiss National Bank trimmed its holdings in shares of Globus Medical, Inc. ( NYSE:GMED – Free Report ) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,977 shares of the medical device company’s stock after selling 2,300 shares during the period. Swiss National Bank owned about 0.16% of Globus Medical worth $15,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GMED. Select Equity Group L.P. bought a new position in Globus Medical during the 2nd quarter worth about $91,711,000. Millennium Management LLC grew its holdings in Globus Medical by 1,171.5% during the 2nd quarter. Millennium Management LLC now owns 1,363,834 shares of the medical device company’s stock worth $93,409,000 after acquiring an additional 1,256,570 shares in the last quarter. Artemis Investment Management LLP bought a new position in Globus Medical during the 3rd quarter worth about $30,656,000. Victory Capital Management Inc. lifted its position in shares of Globus Medical by 855.3% during the second quarter. Victory Capital Management Inc. now owns 381,253 shares of the medical device company’s stock valued at $26,112,000 after buying an additional 341,342 shares during the last quarter. Finally, Swedbank AB purchased a new stake in shares of Globus Medical during the first quarter valued at about $17,433,000. 95.16% of the stock is currently owned by institutional investors. Analyst Ratings Changes Several analysts have commented on GMED shares. Piper Sandler increased their price target on shares of Globus Medical from $80.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Barclays increased their price target on shares of Globus Medical from $85.00 to $93.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Morgan Stanley increased their price target on shares of Globus Medical from $74.00 to $83.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Royal Bank of Canada increased their price target on shares of Globus Medical from $80.00 to $92.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, BTIG Research increased their price objective on shares of Globus Medical from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.18. Insider Buying and Selling In other news, Director Ann D. Rhoads sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $70.36, for a total transaction of $1,055,400.00. Following the sale, the director now owns 42,884 shares of the company’s stock, valued at $3,017,318.24. This trade represents a 25.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Also, CEO Daniel T. Scavilla sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $80.02, for a total transaction of $4,801,200.00. The disclosure for this sale can be found here . In the last quarter, insiders have sold 110,000 shares of company stock worth $8,512,850. 18.54% of the stock is owned by company insiders. Globus Medical Trading Down 0.2 % Shares of NYSE:GMED opened at $84.72 on Friday. Globus Medical, Inc. has a twelve month low of $44.02 and a twelve month high of $85.30. The company’s 50 day moving average is $74.76 and its 200 day moving average is $70.69. The company has a market cap of $11.54 billion, a PE ratio of 126.45, a price-to-earnings-growth ratio of 1.99 and a beta of 1.17. Globus Medical ( NYSE:GMED – Get Free Report ) last issued its quarterly earnings results on Tuesday, November 5th. The medical device company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.18. Globus Medical had a net margin of 3.69% and a return on equity of 9.98%. The company had revenue of $625.71 million for the quarter, compared to the consensus estimate of $604.69 million. During the same quarter in the prior year, the company earned $0.57 EPS. Globus Medical’s quarterly revenue was up 63.1% on a year-over-year basis. Equities research analysts predict that Globus Medical, Inc. will post 2.98 earnings per share for the current fiscal year. Globus Medical Company Profile ( Free Report ) Globus Medical, Inc, a medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally. The company offers spine products, such as traditional fusion implants comprising pedicle screw and rod systems, plating systems, intervertebral spacers, and corpectomy devices for treating degenerative and congenital conditions, deformity, tumors, and trauma injuries; treatment options for motion preservation technologies that consist of dynamic stabilization, total disc replacement, and interspinous distraction devices; interventional solutions to treat vertebral compression fractures; and regenerative biologic products comprising of allografts and synthetic alternatives. Read More Receive News & Ratings for Globus Medical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globus Medical and related companies with MarketBeat.com's FREE daily email newsletter .
