Investing

Evidence doesn’t support Philip Morris International’s claims that its heat-not-burn tobacco product cuts the risk of tobacco-related diseases and is likely to switch adult cigarette smokers, regulatory advisors said. PMI is seeking approval from the U.S. Food and Drug Administration to market its heat-not-burn tobacco product as less risky than cigarettes. PMI says it has
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Nevermind that Russia stuff Five days after inauguration, on what turns out to be the day after his National Security Advisor, Mike Flynn, was interviewed by the FBI about conversations with the Russian ambassador (Flynn later pleaded guilty to lying to the FBI in that interview), Trump took to Twitter to complain about voter fraud.
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Andrew Harrer | Bloomberg | Getty Images Johnson & Johnson Listerine brand cool mint mouthwash bottles move through the production line on a conveyor at the J&J consumer healthcare products plant in Lititz, Pennsylvania. Johnson & Johnson shares slipped Tuesday after the company clarified its forecast for the year might not have been as high
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Hargreaves raised his price target to $270 from $230 for Netflix shares, representing 23 percent upside to Thursday’s close. The analyst noted a recent report from the International Telecommunication Union that revealed broadband internet access was rising worldwide faster than expected. That makes Netflix’s potential market bigger and “prompts a corresponding increase to our estimates
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Shares of General Electric hit their lowest level since December 2011 on Thursday, briefly breaking below $17. The Dow component closed at $16.77, a six-year low, down 3.3 percent. The move lower follows a 4.7 percent decline on Wednesday and a 2.8 percent drop Tuesday. For the week, GE shares are down 9 percent. The
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The worst intra-day market reversal in nearly a year might’ve spooked investors, but CNBC’s Jim Cramer argued that the market still has a major driver in its metaphorical back pocket. “I’m talking about the ongoing stock shortage,” the “Mad Money” host said. “The shortage is so real, so palpable, that I think it could become
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After hours of marveling at the tape’s incessant march higher, CNBC’s Jim Cramer took a step back to check the market layout. “What’s driving it? … Same as always: [a] stock shortage — it’s really been acute in the industrials — 401(k) money being thrown at the market, animal spirits, a stronger consumer, tax reform,
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