To The Moon

A jury ordered Abbott Laboratories to pay $495 million in compensation and damages after determining that the company failed to warn that its formula for premature infants increased risk for a bowel disease.Shares of Abbott, which makes the Similac formula, fell about 5% in extended-hours trading."We strongly disagree with the verdict," an Abbott spokesman said. "We will pursue all avenues to have the erroneous decision overturned.". The verdict included $400 million in punitive damages. Punitive damages can be reduced by the trial judge or reversed on appeal.Earlier this year, Mead Johnson, owned by U.K.-based Reckitt Benckiser, was ordered to pay $60 million to plaintiffs in a similar case. Nearly 1,000 such lawsuits are pending against the two companies, JPMorgan Chase analysts have said. Shares in the two companies have trended downward since that March verdict.On an earnings call on July 18, Abbott Chief Executive Robert Ford said that regulators have deemed the company's preterm

Let's see if Nvidia can x10 by next year this time, and then x10 in another year. By then that'd mean that a $10,000 investment in Nvidia would turn into 1 million bucks in less than 3 years. Would that be possible, or would that just be my wishful thinking? Time will tell, and it pays to be hopeful.

2023 might go down as one of the most unusual ever in financial markets - mainly because everything seems to have come good despite a lot of turbulence and many predictions turning out to be wrong.Bitcoin soared 155% while Nasdaq surged 43%. Even in Japan, the Nikkei has jumped 287%.Across developed and emerging economies, stocks have powered ahead in 2023 as inflation has regressed, even with wars raging in hotspots around the world.India has been a standout market this year in the Asia-Pacific

By Jonathan Stempel Nov 29 (Reuters) - The death of Berkshire Hathaway's Charlie Munger heralds the end of an era, leaving Warren Buffett as the conglomerate's lone investing legend and shining

The unbelievable run for shares of Vietnamese electric-vehicle maker VinFast Auto continued Friday, making it the second-most valuable car stock on the planet, behind only Tesla.It is also the most va

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