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Warren Maps 3-Year Timeline Toward Medicare for All; Stocks Rise

(Bloomberg) — Elizabeth Warren explained Friday how she plans to gradually move the U.S. into her government-run Medicare for All system, sending managed-care and hospital stocks higher as the Democratic presidential candidate mapped out her three-year design to fundamentally change the way Americans get health care.Warren said in a Medium post Friday that she would ask Congress to use a legislative maneuver to put children and poor families under Medicare For All in her first 100 days in the White House, while not actually fully implementing her $20.5 trillion plan until her third year in office.A rally in managed-care and …read more […]

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Roku Says It Won’t Be Long Before Streaming Revenue Eclipses TV

(Bloomberg) — Streaming video has been one of the biggest growth stories of the past several years, but even with all the attention that has been paid to the space, the industry is nowhere near full maturity, according to an executive at streaming-platform Roku Inc.“In the long run, the total addressable market for streaming video is all TV money, period,” said Scott Rosenberg, a senior vice president and general manager of Roku’s platform business. Over-the-top (OTT) streaming “lets advertisers do things that they’ve gotten used to in digital but which hasn’t been possible on TV,” such as individually targeting consumers …read more […]

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Legged Spread With AbbVie Delivers Quadruple-Digit Gains

Last week, some War Room members locked in profits ranging from 1,350% to 3,700%.
That wasn’t a fluke…
It was the result of a unique type of trade that you may never find anywhere else. It’s called a “legged spread”…
Sounds weird, I know…
But hear me out…
A couple of months ago, I recommended members buy long-term equity anticipation securities (LEAPS) on AbbVie (NYSE: ABBV). The recommendation was for the $77.50 calls. Members bought in for $4.60. A couple of days later, AbbVie moved up about 5%.

Members’ LEAPS jumped by 20% to 30%…
This is what I told members in The War Room:
I have two …read more […]

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UPDATE 1-Twitter tightens bans on political ads and causes ahead of 2020 U.S. election

Twitter Inc on Friday said its political advertising ban will include references to political candidates or legislation, and it will not allow ads that advocate for a certain outcome on social and political causes. The popular social media site, which first announced its political ads ban last month, had not previously provided details on the new policy. Twitter said it will use a combination of automated technology and human teams to enforce the new ad policies. …read more […]

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'Joker' expected to cross $1 billion global box office milestone

Comic book movie “Joker” is poised to surpass $1 billion in global ticket sales on Friday, becoming the first R-rated Hollywood movie ever to overcome the milestone. “Joker,” a dark origin story from Warner Bros. about Batman’s arch nemesis, had sold $999.1 billion as of Thursday despite not having been screened in China, which is projected to become the world’s largest movie market next year. Starring Joaquin Phoenix as a mentally-ill loner who finds fame through a random act of violence, the movie earned warm reviews as it opened in early October but stoked controversy in the United …read more […]

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UPDATE 1-Oklahoma judge reduces Johnson & Johnson payout in opioid case to $465 million

An Oklahoma judge on Friday said Johnson & Johnson needs to pay only $465 million of the $572 million he previously concluded it owed the state for fueling the opioid epidemic through deceptive marketing of painkillers. The ruling by Cleveland County District Judge Thad Balkman in Norman, Oklahoma, came in the first case to go to trial out of 2,700 nationally by states, counties and cities seeking to hold drug companies responsible for the deadly epidemic. Following a non-jury trial, Balkman had ruled in August that Oklahoma had proven that J&J engaged in misleading marketing about the benefits …read more […]

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Oklahoma judge reduces Johnson & Johnson payout in opioid case to $465 million

The ruling by Cleveland County District Judge Thad Balkman in Norman, Oklahoma, came in the first case to go to trial out of 2,700 nationally by states, counties and cities seeking to hold drug companies responsible for the deadly epidemic. Following a non-jury trial, Balkman had ruled in August that Oklahoma had proven that J&J engaged in misleading marketing about the benefits of painkillers, and that their addictive risks caused a public nuisance in the form of the opioid crisis. …read more […]