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Trump tweet, market move. For better or worse, that is the world investors are living in and something we will all have to deal with until @jack or the White House outlaws the president-elect from the social media platform.
Trump's latest victim, the biotech sector, took a beating today in reaction to his remarks in a Time Magazine interview about his intentions to crack down on drug pricing. On Tuesday, Trump tweeted and rocked Boeing (BA) over accusations the company was overcharging for its latest iteration of Air Force One.
Sure, TheStreet and its affiliates were on the continued Trump rally, and a lack thereof in healthcare, but there was more on the agenda. Starbucks (SBUX) , fresh off news that CEO and founder Howard Schultz would step aside, held and investor day outlining its strategic growth plans. Then there was the AT&T (T) - Time Warner (TWX) hearing, which kicked off today and saw both companies' CEOs testify as well as others, including tech investor, "Shark Tank" star and Dallas Mavericks owner Mark Cuban. Not to mention Abbott (ABT) and Alere (ALR) , which continued their spat over their potential $7.9 billion combination.
Here are the highlights:
Starbucks Future Includes Some Absolutely Gargantuan Stores Worldwide
New Starbucks Reserve Roastery & Tasting Room concepts opening globally will be monstrous in size. Full story
Trump Revives 'Triple-X' ETFs That Regulators Wanted to Kill
In 2015, the SEC proposed to ban exchange-traded funds from using risky derivatives to triple returns for investors. Trump's victory is likely to keep the funds thriving. Full story
Tweet of the Day:
Analysts Largely Positive on the 'New' Baker Hughes Ahead of Analyst Day
Action Alerts PLUS holding General Electric (GE) and Baker Hughes (BHI) ready for Analyst Day to reveal their combined entity. Full story
Chart of the Day: Charting Jim Cramer's Top 10 Takeout Candidates for 2017: Apache
The charts and indicators on the oil and gas company (APA) remain bullish.
Apple's iPhone Manufacturing Probably Won't Leave China for the U.S., But Other Products Might
The scale and supply chain challenges involved with ramping flagship iPhones makes it hard to do outside of China. But some low-volume, high-margin products could be made in the U.S. (AAPL) Full story
UBS Conference Panelists Tackle the NFL's Viewership Problem
Bad press could be driving lower ratings on pro football games this fall, which could in turn affect companies with a stake in the space. Full story
Video of the Day: 5 Tickers 'Trumped' by Twitter
These 5 stocks were affected by President elect Donald Trump's sometimes not so friendly tweets. Full story