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Decline in doctors prescribing opioids

NYU Langone Medical Center Professor Dr. Marc Siegel on the decline in opioid prescriptions filled this year and a report on the decline in smoking.

  • Finance
    TheStreet.com

    Sears Rises Off of All-Time Low Following Friday Selloff

    Monday's trading follows up a more than 9% decline on Friday after CEO Eddie Lampert's hedge fund, ESL Investments, announced that it will buy the Kenmore brand from Sears for $400 million in cash. ESL, which also has made an offer to purchase Sears' Home Improvement business for as much as $80 million, said that it needs to find other equity financing partners to make the deal happen. The reason investors may be running for the hills is that Lampert's letter to the board released last week highlighted the cash crunch the company is experiencing currently.

  • Tesla nears 3-month low as JPMorgan adds to deal doubts
    News
    Reuters

    Tesla nears 3-month low as JPMorgan adds to deal doubts

    Slashing its price target for Tesla Inc from $308 to $195, the brokerage said it did not believe Chief Executive Officer Elon Musk had funds for a plan announced by a tweet that said "funding secured" two weeks ago. Analysts from the U.S. bank had upped its forecast from $198 to $308 after a roughly $100 surge in Tesla stock following Musk's tweets on Aug. 7 and the note on Monday was the latest evidence of scepticism about the deal on Wall Street. People familiar with the matter said on Sunday that PIF, the Saudi Arabian sovereign wealth fund that Musk says had been pressing to help fund the buyout, is in talks to invest in aspiring Tesla rival Lucid Motors Inc.

  • Canopy Growth (CGC) in Focus: Stock Moves 9.2% Higher
    Finance
    Zacks

    Canopy Growth (CGC) in Focus: Stock Moves 9.2% Higher

    Canopy Growth Corporation CGC was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came after Constellation Brands Inc. said it will invest around $4 billion in the company.

  • Alan Dershowitz on Giuliani’s ‘truth’ comment: He was absolutely right
    Politics
    Fox Business Videos

    Alan Dershowitz on Giuliani’s ‘truth’ comment: He was absolutely right

    Harvard Law Professor Emeritus Alan Dershowitz on former CIA Director John Brennan threatening to sue President Trump, Trump lawyer Rudy Giuliani’s comments about ‘truth’ and the Mueller investigation.

  • Better Buy: Celgene Corporation vs. Bristol-Myers Squibb
    Business
    Motley Fool

    Better Buy: Celgene Corporation vs. Bristol-Myers Squibb

    This stock is driven by a top-selling cancer therapy that's growing by leaps and bounds, but it's underperformed the market over the past five years. The biotech stock has a lot more in common with the big pharma than you might think, but only one can come out on top in this head-to-head battle. Investors don't need to look hard for reasons to like this biotech stock.

  • Berkshire Hathaway Increased Its Stake in Teva Again
    Business
    Market Realist

    Berkshire Hathaway Increased Its Stake in Teva Again

    On August 14, Warren Buffett’s Berkshire Hathaway (BRKB) announced its holdings at the end of the second quarter. Berkshire Hathaway added the stock to its portfolio in the fourth quarter of 2017 with 19.0 million Teva shares. At that time, TEVA stock was trading at record lows. On August 14, Teva stock was up ~1.2% in after-hours trading. Other major expanded investments by Berkshire Hathaway in the second quarter included Apple (AAPL) and Goldman Sachs (GS).

  • Business
    CNBC

    As semi stocks get wrecked, long-time tech investor sees two to buy on the dip

    Shares of Microchip Technology MCHP , Applied Materials AMAT and NXP Semiconductors NXPI all suffered recent declines, as has the SMH , the ETF that tracks semiconductors, which declined nearly 3 percent last week. Despite the carnage, one veteran tech investor says the space is now flush with cheap buys. The SMH semiconductor ETF's sell-off brought its price-to-earnings ratio down below 14 times forward earnings, nearing the two-year low reached in April.

  • Finance
    Investopedia

    AT&T an ‘Extreme’ Bargain, May Rise 12%

    AT&T Inc. ( T) has continued its negative performance over the past couple of years, down 15% this year amid a broad underperformance in the telecom sector in general. Using a bit of reverse engineering Flannery found that AT&T is trading at “extreme valuation levels,” not only relative to its own historical value, but also to shares of competitor Verizon Communications Inc. ( VZ), according to Barron’s.

  • Exclusive: China shifts to Iranian tankers to keep oil flowing amid U.S. sanctions - sources
    World
    Reuters

    Exclusive: China shifts to Iranian tankers to keep oil flowing amid U.S. sanctions - sources

    BEIJING/SINGAPORE (Reuters) - Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the United States. The shift demonstrates that China, Iran's biggest oil customer, wants to keep buying Iranian crude despite the sanctions, which were put back after the United States withdrew in May from a 2015 agreement to halt Iran's nuclear programme. The United States is trying to halt Iranian oil exports to force the country to negotiate a new nuclear agreement and to curb its influence in the Middle East.

  • One of the biggest Nintendo bull's on Wall Street says shares could soar 80% even if Switch sales are flat
    News
    Business Insider

    One of the biggest Nintendo bull's on Wall Street says shares could soar 80% even if Switch sales are flat

    One of Wall Street's most bullish Nintendo analysts raises his forecast for the video-game maker's stock price. Nintendo will launch mobile-game Dragalia Lost, Switch Online and 1P Switch games soon and gain China market share. Jefferies, one of the biggest Nintendo bulls on Wall Street, says shares of the Japanese game maker could soar 80% — even if Switch sales are flat.

  • 1 More Reason Ford's Dividend Looks Safe
    Business
    Motley Fool

    1 More Reason Ford's Dividend Looks Safe

    Following another subpar earnings report issued last month and a guidance cut, Ford Motor (NYSE: F) shares have continued to sink to new multiyear lows. Recently, a number of Wall Street analysts have warned that Ford's dividend is danger. Many investors -- including members of the Ford family! -- count on these payouts to generate steady income.

  • Better Marijuana Stock: Cronos Group vs. Tilray
    Business
    Motley Fool

    Better Marijuana Stock: Cronos Group vs. Tilray

    You can count on one hand the number of Canadian marijuana stocks that trade on the Nasdaq stock exchange. Cronos Group (NASDAQ: CRON) became the first Canadian marijuana grower to list on the Nasdaq in February. Tilray (NASDAQ: TLRY) followed suit in July.

  • Investors have misdiagnosed Amazon’s push into the pharmacy business
    Business
    MarketWatch

    Investors have misdiagnosed Amazon’s push into the pharmacy business

    Or more precisely, how will Amazon’s entrance into the retail pharmacy business change this industry? Then we had a small but important insight that shifted our thinking on Walgreens Boots Alliance (WBA) : The preponderance of drugs in the U.S. is consumed by an older population, whose habits change slowly or not at all. Accordingly, it’s likely that Amazon’s (AMZN) online pharmacy will not significantly impact the existing drug industry.

  • Business
    Investopedia

    4 Things to Know About Backdoor Roth IRA Conversions

    A backdoor Roth IRA conversion is a way of funding a Roth IRA account with a traditional IRA conversion instead of a direct contribution. People with relatively high incomes are unable to directly contribute to a Roth IRA. To get around this issue, they can make a non-deductible contribution to a traditional IRA, then perform a Roth conversion.

  • Bet on 3 Large-Cap Value Mutual Funds for Healthy Returns
    Finance
    Zacks

    Bet on 3 Large-Cap Value Mutual Funds for Healthy Returns

    Large-cap funds are better than small or mid-cap funds for risk-averse investors. Meanwhile, investors looking for a bargain — stocks trading at a discount — are mostly interested in value funds, which pick stocks that tend to trade at a price lower than their fundamentals (i.e. Below we share with you three top-ranked, large-cap value mutual funds.

  • TJX and Ross Stores Could Report Stellar Q2 Results This Week
    Business
    Motley Fool

    TJX and Ross Stores Could Report Stellar Q2 Results This Week

    This trend has driven big share-price gains for off-price giants TJX Companies (NYSE: TJX) and Ross Stores (NASDAQ: ROST). Both stocks currently sit near all-time highs, ahead of the companies' second-quarter earnings reports. Accelerating economic growth in the U.S. and a rebound in apparel sales is likely to have driven extremely strong results at TJX and Ross Stores during the second quarter.

  • Business
    Investopedia

    This is What Bill Gates's Portfolio Looks Like (BRK.B, MSFT)

    Bill Gates is the second richest man in the world (after Amazon's Jeff Bezos), with a net worth of over just under $95 billion as of August 17, 2018, according to Forbes. Gates has since retired from the day to day functioning of Microsoft and focuses his efforts on his philanthropic causes through the Bill & Melinda Gates Foundation. The Foundation has a substantial portfolio of investments.

  • How Long $100k in Retirement Will Last You in 5 States
    U.S.
    GoBankingRates

    How Long $100k in Retirement Will Last You in 5 States

    GOBankingRates performed a study to compare the cost of living in every state and determine how long you can survive off of $100,000. Granted, $100,000 won't buy you a lot of time, but it will give you a sense of just how much you need to save to prepare for the retirement you want.

  • Better Buy: Verizon Communications Inc. vs. Philip Morris
    Business
    Motley Fool

    Better Buy: Verizon Communications Inc. vs. Philip Morris

    Verizon Communications (NYSE: VZ) and Philip Morris International (NYSE: PM) might not seem to have much in common. Verizon is engaged in the high-tech world of wireless communications, while Philip Morris sells a product that people have used for centuries. With that in mind, we'll look at Verizon and Philip Morris more closely, evaluating them to see which is the better buy right now.

  • Business
    Benzinga

    Barron's Picks And Pans: AT&T, Starbucks, State Street, Verizon And More

    The cover story in this weekend's Barron's examines how blockchain technology is beginning to show promise. Other featured articles include income picks from top advisors and five standout dividend picks. Also, see the prospects for a trust and custodial

  • Is FMC Corporation a Buy?
    Business
    Motley Fool

    Is FMC Corporation a Buy?

    Among the three major lithium stocks available to investors today, FMC Corp. (NYSE: FMC) has performed the best since the beginning of 2018. It's not really a close race. The company has seen its shares slide 11.5%, while the stock prices of peers Albemarle

  • Intel Unveils Data Center Processor Plans Through 2020
    Business
    Motley Fool

    Intel Unveils Data Center Processor Plans Through 2020

    Chip giant Intel's (NASDAQ: INTC) second-largest business by both revenue and operating profit, and arguably its most important business from a growth perspective, is its data center group, or DCG for short. Last quarter, DCG saw revenue and operating profit grow 27% and 64.8%, respectively. Although the company spent a lot of time at its recent Data-Centric Innovation Summit event talking about the increasing role that sales of non-processor products -- like Ethernet adapters, Optane DC Persistent Memory, and silicon photonics connectivity products -- will play for DCG, the reality is that last quarter, nearly 92% of DCG's revenue came from so-called platform sales -- or, in other words, processors and their accompanying chipsets.

  • PepsiCo puts fizz into healthy drinks with $3.2 bln SodaStream deal
    Business
    Reuters

    PepsiCo puts fizz into healthy drinks with $3.2 bln SodaStream deal

    JERUSALEM/LONDON, Aug 20 (Reuters) - PepsiCo will buy carbonated drink-machine maker SodaStream for $3.2 billion as it battles Coca-Cola for an edge in the health-conscious beverage market. Founded in Britain in 1903, SodaStream was a coveted device in British kitchens in the 1970s and 80s, allowing people to create fizzy drinks by adding flavoured syrups to carbonated tap water, but its popularity faded as bottled sodas became cheaper.

  • Why Short Interest in PPG Industries Is on the Rise
    Business
    Market Realist

    Why Short Interest in PPG Industries Is on the Rise

    The latest short interest data from July 31 indicate that PPG Industries’ (PPG) short interest has been increasing since the beginning of 2018. As per the latest report, PPG’s short interest as a percentage of its outstanding shares was 3.5% on July 31, up from 2.6% on January 12.

  • China May Not Have a Lot of Levers to Pull Amid Trade Spat, JPMorgan Says
    Business
    Bloomberg

    China May Not Have a Lot of Levers to Pull Amid Trade Spat, JPMorgan Says

    Ben Jarman, an economist at JPMorgan Chase & Co. in Sydney, talks about the trade dispute between the U.S. and China. He speaks with Rishaad Salamat and Haidi Stroud-Watts on "Bloomberg Markets: Asia."