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Netanyahu Hails `Warm' Biden Relationship, Thanks Trump

Nov.08 — Israeli Prime Minister Benjamin Netanyahu says he and President-Elect Joe Biden have had a “personal, warm and long relationship” and that he looks forward to working with Biden, as well as with Vice President-Elect Kamala Harris. Speaking today in Jerusalem, Netanyahu also thanks outgoing President Donald Trump “for bringing the alliance between Israel and the United States to unprecedented heights.” …read more […]

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First Stock-Market Reaction to Biden Signals Hope for Healing

(Bloomberg) — Stock markets in the Middle East, the first to trade after Joe Biden’s victory in the U.S. election, are signaling bets the new president will reduce international conflict and push for peace in the region.That optimism outweighed concern that his clean-energy drive could imperil the fortunes of countries whose economies are founded on oil and gas. Stocks in Dubai posted their biggest three-day rally since August. Saudi Arabia extended the longest streak of gains since Oct. 13. The Kuwait gauge closed above its 50-day moving average, while Oman stocks had the first back-to-back advance in a month. Israel’s …read more […]

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How Biden’s Win Affects Commodities Hit by Trade Wars, Tariffs

(Bloomberg) — It’s been a tumultuous four years for U.S. commodity industries that found themselves a key focus of the White House through its aggressive trade policy agenda.From steel and aluminum tariffs to grain subsidies to boosting exports of liquefied natural gas, very few corners of the global commodities market eluded Donald Trump’s attention. There was at least one memo, executive order, pronouncement or tweet bringing some sort of attention to uranium, soybeans, and rare earths, the kinds of materials that haven’t received attention from American presidents in years.Now, with Joe Biden winning the election, how will the next U.S. …read more […]

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CVS Gains 6% On Raised 2020 Profit Outlook; Analyst Says Hold

Shares of CVS Health Corp. rose 5.8% on Friday after the retail pharmacy chain operator and healthcare services provider reported stronger-than-expected 3Q results and raised its profit and cash flow guidance for the full-year 2020.CVS Health’s (CVS) 3Q adjusted EPS of $1.66 decreased 9.8% from the year-ago quarter but came ahead of consensus estimates of $1.33. Revenues of $67.06 billion grew 3.5% year-over-year and topped Street estimates of $66.7 billion.CVS CEO Larry J. Merlo said, “Our strong third quarter results demonstrate continued execution of our long-term strategic plan that is transforming the way health care is delivered. As an integrated …read more […]