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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 […]

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Cowboys owner Jerry Jones has a long-term game plan for Haynesville gas

Reuters on Wednesday reported that Comstock Resources is in talks to buy Chesapeake Energy Corp’s Haynesville shale assets in Louisiana. A deal would come just months after Comstock paid $1.1 billion to buy privately held Covey Park Energy to become the largest operator in the region. …read more […]

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IRA vs. 401(k): Retirement Plan Differences

If you’re looking at retiring in the future, you’ve probably heard of an IRA and a 401(k). But what’s the difference between these two retirement-saving plans? The bottom-line answer: one is employer sponsored and one you can open with almost any provider.
Before you read any further, it’s important to know you can have both. There is no rule that says you can’t have both an IRA and a 401(k). But knowing the differences between the two can help you decide the best way to reach your retirement goals.
What Are the Different Retirement Plans?
In this article we will be talking about …read more […]

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FAA administrator tells team to 'take whatever time needed' on 737 MAX – memo

U.S. Federal Aviation Administrator Steve Dickson told his team to “take whatever time is needed” in their review of Boeing Co’s 737 MAX, reiterating that the path to approval is “not guided by a calendar or schedule,” according to a Nov. 14 memo reviewed by Reuters. The memo was sent to Ali Bahrami, a top FAA safety official, and follows a statement by Boeing on Monday saying that the FAA could approve in December fixes to software that played a role in two fatal crashes of the 737 MAX. The 737 MAX has been grounded worldwide since …read more […]

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Twitter sets out plans for banning political ads

Twitter said last month that it would ban political advertising, as social media companies have faced growing calls to stop accepting ads that spread false information and could sway elections. “We believe political message reach should be earned, not bought,” Twitter Chief Executive Jack Dorsey said in announcing the ban. …read more […]