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India Emerges as a Global Hub for MedTech Innovation and Growth

India's MedTech sector is experiencing significant growth, driven by digital integration, with over 70% of innovations from startups incorporating advanced technologies like AI and IoT. Valued at USD 12 billion in 2023, the market is projected to reach USD 50 billion by 2030, fueled by supportive government policies and a vibrant startup ecosystem. Key growth factors include changing disease patterns, demographic shifts, and evolving industry dynamics, positioning India as a potential global hub for MedTech innovation.
EY_India
United States Dollar EY Apple Inc. IND Suresh Subramanian
Technology & Innovation, Market Report
01:00 26.11.2024

biden administration proposes expanded medicare medicaid coverage for weight loss drugs

The Biden administration has proposed a rule to allow Medicare and Medicaid to cover weight loss drugs, potentially benefiting millions of Americans with obesity. This move, aimed at recognizing obesity as a chronic disease, could cost taxpayers around $36 billion over a decade, raising concerns about financial strain on these programs. The proposal's fate hinges on the incoming Trump administration's decision, amid mixed opinions from its appointed health officials.
Healthcare Dive
United States Dollar UnitedHealth Group Incorporated CVS Eli Lilly and Company Novo Nordisk A/S Humana Inc. USA Robert F. Kennedy Jr. Mehmet Oz Chiquita Brooks-LaSure Show more
Healthcare, News Article
01:00 26.11.2024

amgen obesity drug mariTide shows promise but falls short of expectations

Amgen's obesity drug, MariTide, demonstrated up to 20% weight loss in a Phase 2 trial, aligning with existing treatments like Zepbound and Wegovy. However, a higher dropout rate due to side effects raised concerns, leading to a decline in Amgen's stock. The company plans to initiate a Phase 3 study to further evaluate MariTide's efficacy and safety.
BioPharma Dive
United States Dollar Amgen Inc. Novo Nordisk A/S Eli Lilly and Company USA David Risinger Michael Yee Show more
Healthcare, Market Report
01:00 26.11.2024

Cramer endorses Symbotic and Tetra Tech as strong investment opportunities

In Cramer's Lightning Round, Symbotic is endorsed as a buy due to its profitability in a hot sector. Tetra Tech is also viewed positively, with Cramer inclined to buy despite mixed quarterly results. Linde is praised as a solid investment, while Brookfield's stock is noted for its upward trajectory, indicating it still has potential.
CNBC
Brookfield Corporation Tetra Tech, Inc. Linde Symbotic Inc. Jim Cramer Show more
Finance & Economy, Transcript
00:58 26.11.2024

innovative solutions for recycling and extending the life of ev batteries

Innovators are advancing EV battery recycling and second-life applications, with companies like RecycLiCo and Green Science Alliance leading the charge. RecycLiCo's process transforms spent batteries into black mass, recovering valuable materials for new batteries, while GSA's breakthrough allows black mass to be used directly as cathode material, significantly reducing costs and environmental impact. As the demand for sustainable solutions grows, these developments promise to reshape the EV battery supply chain.
CleanTechnica
Element Energy Mercedes-Benz Group AG AUS JPN CAN KOR USA IND CHE CHN TWN Ryohei Mori Jo Borras Show more
Technology & Innovation, News Article
00:55 26.11.2024

Jim Cramer advises caution amid market gains and signs of excess

Jim Cramer cautions investors about market "excess" as stocks surge, urging them to take profits on significant gains. He notes that while post-election rallies are common, the widespread dramatic increases across various sectors, including tech and alternative energy, are unsustainable. Cramer advises against selling entire positions but emphasizes the importance of securing profits to avoid potential losses.
CNBC
Apple Inc. Microsoft Corporation Jim Cramer
Finance & Economy, Market Report
00:49 26.11.2024

walmart scales back diversity initiatives amid conservative pushback

Walmart Inc. is scaling back its diversity, equity, and inclusion initiatives, aligning with a trend among businesses responding to conservative activism. The retailer will cease considering race and gender in supplier contract decisions and will stop collecting demographic data for financing assessments.
Bloomberg.com
Walmart Inc. USA
Finance & Economy, News Article
00:46 26.11.2024

asia pacific markets decline as trump plans new tariffs on imports

Asia-Pacific markets declined as President-elect Donald Trump announced plans to impose a 10% tariff on all Chinese goods and a 25% tariff on products from Mexico and Canada starting January 20. In contrast, small-cap stocks surged, with the Russell 2000 index reaching a new all-time high, driven by expectations of favorable conditions for smaller firms under Trump's administration. Meanwhile, Japan's service producer price index rose to 2.9% in October, reflecting increased costs in postal and hotel services.
CNBC
United States Dollar Barclays PLC USA JPN CAN MEX Evelyn Yu-Tong Cheng Ganesh Rao Donald Trump Show more
Finance & Economy, Market Report
00:46 26.11.2024

Wall Street reacts positively to Trump's Treasury secretary pick Scott Bessent

Jim Cramer analyzed Wall Street's response to President-elect Trump's Treasury secretary pick, Scott Bessent, noting that investors view him as a prudent choice. While the market initially reacted positively to Trump's election, concerns over high tariffs emerged. However, both the Dow and S&P 500 reached new highs, and Treasury yields fell. Bessent's qualifications and his 3-3-3 economic plan, aimed at reducing the deficit and boosting growth, have garnered attention, though Cramer expressed skepticism about the oil production target.
CNBC
United States Dollar Apple Inc. Soros Fund Management LLC USA Steven Mnuchin George Soros Scott Bessent Shinzo Abe Show more
Finance & Economy, Market Report
00:37 26.11.2024

tech giants oppose australia's social media ban for under 16s

Meta, TikTok, and Google have criticized Australia's proposed legislation that would ban children under 16 from accessing social media platforms, even with parental consent. The law would hold these companies accountable for enforcing the ban, with fines reaching up to A$50 million ($32.5 million) for non-compliance.
bloomberg.com
Australian Dollar Google Inc. TikTok Meta AUS Show more
Regulatory & Legal, News Article
00:23 26.11.2024
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