The stock market

Interesting read - good information making investment decisions.

www.foxbusiness.com

The death of woke capitalism

Americans have rocked the woke. Disney recently admitted what reasonable observer has long known: Its activist strategy has negatively impacted its financial situation.
www.foxbusiness.com www.foxbusiness.com
 
longcast said:
finance.yahoo.com

The White House is threatening the patents of high-priced drugs developed with taxpayer dollars

The Biden administration is putting pharmaceutical companies on notice, warning them that if the price of certain drugs is too high, the government might cancel their patent protection and allow rivals to make their own versions. Under a plan announced Thursday, the government would consider...
finance.yahoo.com finance.yahoo.com
Click to expand...
Saber rattling at best since no Pharma company would use Public Info to make a critical drug, as this would disallow any patents to begin with. IF a Pharma is using something that was actually co-developed with NIH or other governmental group, the patent rights go to both groups or a royalty is paid. That royalty is usually based on profit percentages, so cutting down on profits will decrease money back to the Feds, a classic example of cutting one's nose to spite their face, LOL...

At best, the US companies take advantage of the many R&D tax credits, which may be argued as "public money", but that will make for some interesting court cases. Obviously the litigation involved will be extraordinarily extensive and long...

Disclaimer - My pension is funded in part by the world's largest selling drug for many years which still has revenues of billions, along with a crap load of other patented technologies...
 
Roccus7 said:
Saber rattling at best since no Pharma company would use Public Info to make a critical drug, as this would disallow any patents to begin with. IF a Pharma is using something that was actually co-developed with NIH or other governmental group, the patent rights go to both groups or a royalty is paid. That royalty is usually based on profit percentages, so cutting down on profits will decrease money back to the Feds, a classic example of cutting one's nose to spite their face, LOL...

At best, the US companies take advantage of the many R&D tax credits, which may be argued as "public money", but that will make for some interesting court cases. Obviously the litigation involved will be extraordinarily extensive and long...

Disclaimer - My pension is funded in part by the world's largest selling drug for many years which still has revenues of billions, along with a crap load of other patented technologies...
Click to expand...
Yes, they have been down this road quite a few times. One of my relationships always looks to see which drugs end up on their "hit list" to go after.
 
www.foxbusiness.com

South Carolina state treasurer halts Disney investing, says 'far-left' activism does not bode well for future

South Carolina removed The Walt Disney Company from its approved investment list this week, citing a "structural rot" that has resulted in "far-left activism."
www.foxbusiness.com www.foxbusiness.com

South Carolina State Treasurer Curtis Loftis removed The Walt Disney Company from an approved investment list this week, citing a "structural rot" that has resulted in putting "far-left activism" ahead of fiduciary responsibilities to its investors.

As the "state’s banker," Loftis, a Republican, manages approximately $70 billion per year. The State Treasurer’s Office portfolio contains $105 million dollars of Disney debt instruments that will mature as scheduled and will not be replaced.

Loftis feels that ESG (Environmental, Social, Governance), which critics feel is liberal activism masquerading as corporate responsibility, has ruined Disney.

"People sometimes forget that ESG has nothing to do with investing. ESG is a speech and behavior code that was created by the left and delivered to everybody else under these virtuous circumstances, or presumed circumstances," Loftis said.

"But really, it's about the transfer of power. And it's been complete at Disney. The sane, sober, talented, mature people are gone, and now you have the gender studies crowd running Disney," he continued. "That's why their movies are flops there, and their market cap, I think, is about half what it used to be. It's a tremendous loss to America, we all grew up on Disney."
 
finance.yahoo.com

November jobs report: Unemployment unexpectedly declines in November as US labor market continues to impress

The November jobs report could help determine what the Fed does next in its interest rate hiking campaign.
finance.yahoo.com finance.yahoo.com

??? Impress. Let's talk about the numbers.

The largest jobs increases in Friday's report were seen in healthcare, where 77,000 jobs were added. Employment in government rose by 49,000, reaching its pre-pandemic level. Leisure and hospitality rose by 40,000.

Start with the "largest" increases -

Healthcare - 77,000 jobs - Don't fool your self. How much is funded by government? Yes, your money.
Government - 40,000 - Of course, jut bloat and get bigger. Not creating anything. And you continue to pay for the bloat.
Leisure and hospitality - 40,000 - the lowest paying of jobs.

So, if my math is right, "other added" was a mere 42,000. How many were technology, financial services, highly skilled workers "making things", or other very good paying jobs that keep the economy humming?
 
www.foxnews.com

Social media rejoices as KJP gets fact-checked for touting ‘Bidenomics’ on X: ‘Love community notes’

Social media users were amused when White House press secretary Karine Jean-Pierre received a "Community Notes" fact-check on X for touting "Bidenomics."
www.foxnews.com www.foxnews.com

Read this article. And notice how numbers are twisted to fit an agenda. Actually a lie, but many folks just follow blindly.

Conservative X users celebrated the feature for attaching context to Jean-Pierre’s statement about President Biden’s economic policies — dubbed "Bidenomics" — being the cause for "good economic news."

The fact-check asserted that it’s not Biden’s doing that the economy looks better, but rather that the effects of the COVID-19 pandemic on the economy are continuing to dissolve.

Jean-Pierre shared the X post after the U.S. jobs report dropped on Friday.

"Today, we got more good economic news. 199,000 jobs created last month," she wrote. "A total of 14.1 million created under President Biden. That’s Bidenomics in action."

WRONG -
As a source, the note shared a U.S. House Budget Committee press release from June saying how job growth under Biden has been "recovery" as opposed to "creation."

"Nearly 72 percent of all job gains since 2021 were simply jobs that were being recovered from the pandemic, not new job creation," according to the release. "In fact, when looking at today’s economy compared to pre-pandemic levels, employment is up only by 3.7 million."

X users celebrated the note after it was tacked onto the post.

The official account for "Rasmussen Reports" expressed gratitude for the "Community Notes" function, posting, "Good Morning! Where would we be without @CommunityNotes? We'd be back inside Jack Dorsey's censorship prison."
 
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