Author: Madison Paschke

China COVID-19, Johnson & Johnson, Abbott Labs, medical device sales, FreeStyle Libre, COVID-19 tests, nutrition sales, baby formula facility, market share, Similac, Reckitt Benckiser, profit beat estimates. Abbott Laboratories reported lower-than-expected medical device sales for the fourth quarter due to the COVID-19 pandemic and supply-chain issues in China. Abbott’s shares dropped by 2.2% in U.S. trading on Wednesday. Despite the decline in medical device sales, the company’s overall profit was better than expected, driven by strong demand for its diagnostics business and glucose monitoring device FreeStyle Libre. The company recorded $1.1 billion each in sales of FreeStyle Libre and COVID-testing…

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Danaher’s strong Q4 results; dip in stock unjustified, opportunity. Revenue increased nearly 10% on a core basis to $8.37 billion, well above estimates of $7.9 billion, according to Refinitiv. Adjusted profit increased 6.7% to $2.87 per share, exceeding the consensus estimate of $2.54 per share. When excluding the impact of declining Covid testing sales — but keeping in revenue from products that support vaccines and therapeutics — Danaher’s base business saw core growth of 7.5%. This was a solid quarter from one of the best-run companies in the world. Management said on the post-earnings call that the first quarter is…

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Biden administration to send M1 Abrams tanks to Ukraine with German support. The Biden administration is poised to approve sending M1 Abrams tanks to Ukraine, U.S. officials said Tuesday, in a reversal of their previous stance on the matter. The tanks would be bought through the Ukraine Security Assistance Initiative, which provides longer-term funding for weapons and equipment to be purchased from commercial vendors. The U.S. decision is expected to be announced in coordination with Germany approving Poland’s request to transfer German-made Leopard 2 tanks to Ukraine. The U.S. had initially resisted providing its own tanks due to the extensive…

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European Commission proposes to increase Macro-Financial Assistance to the Republic of MoldovaEuropean Commission proposes €295 million in Macro-Financial Assistance to the Republic of MoldovaEuropean Commission proposes to increase MFA to Moldova by €145 million. : European Commission proposes €145 million in additional Macro-Financial Assistance for the Republic of Moldova The European Commission has proposed to increase the ongoing Macro-Financial Assistance (MFA) to the Republic of Moldova by up to €145 million, bringing the total amount of ongoing MFA support to the country to up to €295 million. This additional assistance aims to provide further support to Moldova, whose economy has…

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Microsoft investigating networking issue impacting multiple services, affecting global users. Microsoft Corp (MSFT.O) reported on Wednesday that they were investigating a networking issue that had impacted multiple services, including their popular Teams and Outlook platforms. Outage reports indicated that the issue had affected thousands of users globally, with the highest number of incidents being in India and Japan. Microsoft did not disclose the exact number of users affected, but data from the outage tracking website Downdetector showed over 3,900 incidents in India and over 900 in Japan. The outage had caused users to be unable to exchange messages, join calls…

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Maintain healthy lifestyle with Samsung Galaxy Watch5 Series. Colleen Augustin is a vegan MMA fighter and flag football youth coach who recently found the perfect companion to her active lifestyle in the new Samsung Galaxy Watch5. It provides her with the ability to check if she is getting the right amount of recovery for her training sessions and keep track of her physique progress. The watch is innovated to enable users to follow holistic health practices, with powerful health sensors that can measure body composition, heart rate patterns, and blood oxygen level. It also has over 90 unique workout modes…

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ECSO seeks public help to identify occupants of dark Chevrolet truck in shooting death. The Ector County Sheriff’s Office is asking for the public’s help in identifying the occupants of a dark Chevrolet truck that may have information about a shooting that occurred in November. The shooting, which took place at Pat’s Place in the 7400 block of Andrews Highway, left one man dead and another injured. Nicholas James Thompson, 41, has been arrested and released on suspicion of murder and two counts of aggravated assault with a deadly weapon. Investigators believe that the Chevy was traveling northbound on the…

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Emergency rental assistance program closed in Escambia County. The Escambia County Emergency Rental Assistance Program (ERAP) has officially closed its application portal after 15 months of accepting applications from eligible low-income Escambia County residents and families facing financial hardship due to COVID-19. Those who have already submitted an application or an additional funding request will still have their applications or requests reviewed, though there is no guarantee they will be funded due to a lack of funds. The program provided up to 12 months of overdue or late rent and utility bills for households in Escambia County. To be eligible,…

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U.S. expresses concern to China over non-lethal assistance to Russia in Ukraine war. The United States has determined that some Chinese companies are providing non-lethal assistance to Russia for use in the Ukraine war. The US is concerned by this activity and has warned the Chinese government of consequences should China provide weaponry to Russia for use against Ukraine. The US is reaching out to Chinese authorities through diplomatic channels to communicate the implications of providing material support to Russia’s war against Ukraine. White House press secretary Karine Jean-Pierre stated that the US will continue to communicate to China the…

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Reno mayor reveals surveillance, seeks to identify client. Reno Mayor Hillary Schieve recently revealed that someone was tracking her movements leading up to the November election. This prompted a lawsuit against local private investigator David McNeely and his business, 5 Alpha Industries, in order to determine who was behind the surveillance. Judge David Hardy issued a subpoena to compel McNeely to provide documents identifying his client, but there has been no response yet. The mayor indicated that other prominent members of the community had also been targeted, but were too afraid to come forward. She expressed her alarm and fear…

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