December 5, 2023

Markets Now 12/5

CVS will change the way it prices drugs

CVS Pharmacy is revamping the way it reimburses its pharmacies for prescription medications, which it says will bring more transparency and simplicity to its drug pricing system, the company announced Tuesday.  
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Analysis: Nvidia is the stock of the year. Can it last?

It would be an understatement to say that it’s been a good year for Nvidia. The California-based chipmaking giant has seen its shares soar about 220% this year, making it the top performing S&P 500 stock in 2023.  
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Ghost kitchens were supposed to revolutionize restaurants. They’re crashing

Big investors, celebrity chefs and chains rushed to open ghost kitchens during the pandemic, and they were expected to make up more than 20% of the restaurant industry by 2025. But ghost kitchens are now crashing.  
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How old fishing nets could be part of the climate crisis solution

Kyle de Bouter holds up a pair of Patagonia board shorts made of recycled fishing nets, smiling as workers nearby slice old nylon nets to stack into seven-foot square, one-ton bales.  
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Israeli regulator says no suspicious trading before October 7, but questions remain on US-traded securities

Regulators in Israel are aware of and reviewing research that suggests some unknown traders may have had advance knowledge of the October 7th Hamas attacks.  
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Wanxiang Trust: Another Chinese ‘shadow bank’ faces major financial trouble

Wanxiang Trust, an investment and asset management company in China, has reportedly missed payments on several investment products to investors, adding to fresh worries about the stability of the country’s shadow banking sector.  
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Source: CNN Business

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