Abbott Shares Go Up After Baby Formula Ruling
Abbott Laboratories (ABT) shares went up on Friday. This happened after a jury said the company is not responsible for a boy’s sickness. The boy had a serious problem called necrotizing enterocolitis (NEC). This can hurt a baby’s intestines.
The court ruled in favor of Abbott and Reckitt Benckiser, another company that makes baby formula. Abbott said the ruling shows that their products are safe.
This is the first win for these companies in court about NEC after losing two big cases earlier this year.
Now, Abbott shares are up more than 5% in early trading.
–Nisha Gopalan
Trump Media Stock Has a Crazy Week
Shares of Trump Media & Technology Group are now around $35. The stock went up 40% earlier this week but then dropped almost 15%.
Traders are buying the stock because of news about the upcoming presidential election. Polls show a close race between Trump and Vice President Kamala Harris.
People believe Trump has a good chance to win. Some markets show over a 60% chance of him winning.
The stock has been very volatile, meaning it is moving a lot up and down.
–David Marino-Nachison
Boeing Shares Move Up After Union Deal
Shares of Boeing (BA) are going up in premarket trading. They reached a new deal with their union, which may end a long strike.
The union will tell its members to vote on the new deal on Monday. The workers have been on strike since September 13.
The new deal offers a 38% wage increase over four years.
Boeing has lost a lot of money this year and plans to lay off many workers soon.
Shares are up 2% in premarket trading.
–Nisha Gopalan
Amazon Stock Rises After Good Earnings
Amazon (AMZN) shares went up more than 7% after reporting good earnings. The stock might break out from its recent pattern.
People should watch important price levels around $200 and $273.
–Timothy Smith
Stock Futures Up Before Jobs Report
Futures for the Dow Jones are up 0.4%. S&P 500 and Nasdaq futures also gained 0.4%.
Vocabulary List:
- Reckitt /ˈrɛkɪt/ (noun): A company that produces baby formula and other products.
- Necrotizing /ˈnɛkroʊˌtaɪzɪŋ/ (adjective): Describing tissue death especially in the context of medical conditions.
- Volatile /ˈvɒlətɪl/ (adjective): Characterized by rapid and unpredictable changes especially in price or value.
- Strike /straɪk/ (noun): A work stoppage initiated by employees to express a grievance.
- Earnings /ˈɜrnɪŋz/ (noun): The amount of money earned or profit made by a company.
- Premarket /ˈpriːˌmɑːrkɪt/ (adjective): Referring to trading that occurs before the official market opens.
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