Independent thinking for complex markets and current events
Iranian state media reports that Iranian forces took custody of two trade vessels in the Strait of Hormuz after opening fire on the ships Video shows gunmen seizing commercial ships, Iran says h/t b4its2l8
The Food and Drug Administration will remove industry representatives from advisory committees and replace them with patients and caregivers, Commissioner Marty Makary announced Thursday. It’s the latest effort by Makary and his boss, health secretary Robert F. Kennedy Jr., to reduce the influence of the pharmaceutical industry. Makary announced the change during his first interview …
Kennedy plans to use the DOJ to investigate collusion between medical boards and pharma companies that are delicensing doctors. He will also use the Justice Department to bring criminal and civil RICO actions against medical journals if they don’t stop revoking and refusing to publish studies that challenge Big Pharma profits. NEW: RFK Jr. says …
by confoundedinterest17 Confidence! It’s what consumers DON’T have under Bidenomics. For the fourth straight month, The Conference Board revised its consumer confidence data significantly lower. In fact January’s was the biggest downward revision since Feb 2022. And Conference Board Consumer Confidence was DOWN to -3.90 in January, the worst since Feb 2022. It really isn’t surprising …
BIG MONEY: CEO Gets $379 Million For Money-Losing EV Company. “Keep in mind that Lucid lost over $2 billion over the last year. Now, startups can take a while before they turn profitable, but paying the CEO of an unprofitable company hundreds of millions of dollars to boost the stock price of a money-losing company sounds awful …
A federal judge has struck down a California law imposing racial and “gender identity” quotas on corporate boardrooms, finding such discrimination to be unconstitutional on its face. Enacted in 2020, AB 979 required publicly-held corporations in the Golden State to have certain minimum numbers of board members from “underrepresented groups,” with the exact number depending …