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Have you adjusted yet? Well, the markets are still figuring out the new world under President-elect Donald Trump, as Wall Street ran at two speeds on Thursday. A rally in financials sent the Dow Jones Industrial Average to close at records, while a selloff in tech sank the Nasdaq.
Pfizer (PFE) is reportedly looking to sell a swath of over-the-counter products, including its Advil and Chapstick franchises, that could net the company $14 billion, and there was a big dip in U.S. Treasuries that could present a buying opportunity for some.
But that wasn't all to report today as we all continued to adjust to the post-election markets. Here are the highlights from TheStreet and its affiliates:
MannKind is Still Too Heavy to Avoid the Afrezza Crash Landing
MannKind (MNKD) bulls—the rainbow-hued unicorns of the investment world—believe the company's marketing efforts will succeed. They're wrong. Full story
Strong Flash Memory Prices Are Good News for Some Firms, but a Mixed Blessing for Others
Booming demand for mobile storage and data center solid state drives is helping memory makers. Hard drive makers are benefiting indirectly for now, but they have reasons to be nervous. Full story
Tweet of the Day:
Donald Trump's Victory May Be a Win for Wall Street Traders, Too
Trading revenues at the biggest U.S. banks surged after Britain's decision to leave the European Union. More of the same is possible now, for companies from JPMorgan (JPM) to Goldman Sachs (GS) . Full story
Chart of the Day: Colgate-Palmolive (CL) Remains on Slippery Slope for Now
In the short run the stock is likely to stay on the defensive and test the $68 to $67 area. Full story
Twitter (TWTR) COO's Departure Doesn't Suggest a Turnaround or Sale Is Near
Just weeks after reportedly seeing potential suitors walk away, the struggling social media company names a new second-in-command. Full story
Vidoe of the Day: Guggenheim's Scott Minerd Pushed by Democrats for Treasury Secretary - Source
Democratic leadership hasn't abandoned pushing for Scott Minerd of Guggenheim Partners to become Secretary of the Treasury, according to a person familiar with the matter. Full story