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U.S. House’s Hoyer says hopeful for a vote on Biden’s “Build Back Better plan” by Friday By Reuters

U.S. House’s Hoyer says hopeful for a vote on Biden’s “Build Back Better plan” by Friday © Reuters. FILE PHOTO: An American flag flies outside of the U.S. Capitol dome in Washington, U.S., January 15, 2020. REUTERS/Tom Brenner/File Photo

WASHINGTON (Reuters) – U.S. House Majority leader Steny Hoyer said Tuesday he was hopeful for a House vote on President Joe Biden’s “Build Back Better” plan by Friday at the latest, although he acknowledged it could slip until Saturday.

“My expectation is that we will vote on this Thursday or Friday,” he told reporters.


4 ESG Healthcare Stocks to Buy for Socially Conscious Investors By StockNews

4 ESG Healthcare Stocks to Buy for Socially Conscious Investors © Reuters. 4 ESG Healthcare Stocks to Buy for Socially Conscious Investors

At a time when increased consumer awareness has made healthcare and sustainability of almost equally high concerns to consumers and some investors, we think it would be wise for socially conscious investors to scoop up shares of quality ESG healthcare stocks Johnson & Johnson (JNJ), Bristol-Myers Squibb (BMY), AmerisourceBergen (NYSE:ABC) and DENTSPLY SIRONA (NASDAQ:XRAY). Let’s discuss.Environmental, social, and governance (ESG) investing has not only introduced versatility and inclusiveness into corporate board rooms, it has also provided many retail investors with opportunities to make investments consistent with their values. According to Morningstar, U.S. sustainable funds generated $15.7 billion in net inflows in the third quarter of 2021. Also, BlackRock’s iShares has predicted that investment in this space will grow to $1 trillion by 2030.

In addition, the COVID-19 pandemic has changed consumers’ outlook to now value healthier and more sustainable lifestyles. It is no longer exclusively physical health that consumers are seeking. Instead, holistic development that includes environmental health, food health, mental health, and social health are in much greater demand. The pandemic has accelerated trends in health and sustainability, thereby driving changes in consumer behavior. Furthermore, the global healthcare cloud computing market, which can be viewed as a branch of the sustainable healthcare industry, is expected to grow at a 28.5% CAGR CAGR between 2020 – 2026.

Given this backdrop, we think it could be wise for socially conscious investors to bet on fundamentally strong ESG healthcare stocks Johnson & Johnson (JNJ), Bristol-Myers Squibb Company (NYSE:BMY), AmerisourceBergen Corporation (ABC), and DENTSPLY SIRONA Inc. (XRAY).

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Israel stocks lower at close of trade; TA 35 down 0.21% By Investing.com

Israel stocks lower at close of trade; TA 35 down 0.21% © Reuters Israel stocks lower at close of trade; TA 35 down 0.21%

Investing.com – Israel stocks were lower after the close on Tuesday, as losses in the Biomed, Technology and Banking sectors led shares lower.

At the close in Tel Aviv, the TA 35 declined 0.21%.

The best performers of the session on the TA 35 were Bezeq Israeli Telecommunication Corp Ltd (TASE:BEZQ), which rose 7.74% or 31.1 points to trade at 432.7 at the close. Meanwhile, Melisron (TASE:MLSR) added 3.15% or 880 points to end at 28800 and Israel Corp (TASE:ILCO) was up 2.70% or 3260 points to 123960 in late trade.

The worst performers of the session were Teva Pharmaceutical Industries Ltd (TASE:TEVA), which fell 3.60% or 107 points to trade at 2869 at the close. Nice Ltd (TASE:NICE) declined 1.88% or 1850 points to end at 96450 and Bank Hapoalim (TASE:POLI) was down 1.77% or 54 points to 2990.

Falling stocks outnumbered advancing ones on the Tel Aviv Stock Exchange by 258 to 229 and 38 ended unchanged.

Shares in Bezeq Israeli Telecommunication Corp Ltd (TASE:BEZQ) rose to 52-week highs; rising 7.74% or 31.1 to 432.7. Shares in Melisron (TASE:MLSR) rose to all time highs; rising 3.15% or 880 to 28800. Shares in Israel Corp (TASE:ILCO) rose to 5-year highs; up 2.70% or 3260 to 123960.

Crude oil for January delivery was up 0.03% or 0.02 to $79.77 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.32% or 0.26 to hit $82.31 a barrel, while the December Gold Futures contract fell 0.51% or 9.60 to trade at $1857.00 a troy ounce.

USD/ILS was down 0.26% to 3.0933, while EUR/ILS fell 0.46% to 3.5092.

The US Dollar Index Futures was up 0.35% at 95.743.


After rally in U.S. retailers, investors eye upcoming reports By Reuters

After rally in U.S. retailers, investors eye upcoming reports © Reuters. The Macy’s logo is displayed on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 19, 2021. REUTERS/Andrew Kelly

By Caroline Valetkevitch

NEW YORK (Reuters) -Recent gains in U.S. retailer shares could be put to the test in the coming days as top companies in the sector report quarterly results and investors hunt for clues about how well they have managed supply-chain problems.

Retail companies have had a strong run so far this month, with the S&P 500 retailing exchange-traded fund up about 10% compared with a roughly 2% gain for the S&P 500.

That has roughly coincided with upbeat signs as the world opens up after the global pandemic and looks to new treatments such as COVID-19 antiviral pills to keep infections in check.

The third-quarter earnings season is in the final stretch, with less than 10% of the companies in the S&P 500 still to report. A big chunk of those will be retailers, with many due to post results this week.

But whether retailers can sustain recent gains could depend on how well they have managed the global supply-chain crisis and other inflationary pressures because of the pandemic, which have raised additional concerns about the critical holiday shopping period.

Earlier on Tuesday, Walmart (NYSE:WMT) Inc raised its annual sales and profit forecast even as global supply-chain disruptions hit margins in the third quarter. Its shares were down about 2% on Tuesday morning.

At the same time, Home Depot Inc (NYSE:HD), helped by the strong housing market, beat quarterly sales estimates by nearly $2 billion, and its shares shot up by more than 4%.

Target Corp (NYSE:TGT), Macy’s (NYSE:M) and Kohl’s (NYSE:KSS) are among a slew of others also expected to report this week.

“Traditionally, you want to be long retail going into Black Friday,” said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles, referring to the day after the U.S. Thanksgiving holiday that unofficially marks the start of the holiday shopping season.

“That said, there are significant supply-chain unknowns,” he added. “Who managed to do well in spite of the supply-chain challenges? That’s the biggest question that’s going to be answered by each individual company.”

While reports need to be examined individually, investors want to see increased guidance from companies with strong recent gains, James said.

“Any whiff of disappointment is not being treated well,” he noted.

Some retailers likely have been able to raise prices to maintain margin levels.

A report from the U.S. Commerce Department on Tuesday suggested high inflation was not yet dampening spending. U.S. retail sales surged in October, likely helped by Americans who started their holiday shopping early because of supply shortages.

Of all S&P 500 companies that have reported, about 80% have beaten analysts’ expectations, and the forecast for year-on-year third-quarter earnings growth is now at 41.5%, up from the 29.4% seen at the beginning of October, according to IBES data from Refinitiv.

Consumer discretionary earnings growth, which includes many retailers, is estimated at 14.5% compared with 8% at the start of October, based on Refinitiv data.

Jharonne Martis, director of consumer research at Refinitiv, wrote in a report on Monday that e-commerce sales results will be watched to see if the move to online spending may be fading.

The latest third-quarter digital sales growth estimates suggest business volume is “holding up,” she said.

Expenses will be another key issue when investors scrutinize results.

“I caution whether it’s going to be a slam dunk,” said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma, noting that year-over-year comparisons are going to be “hard to beat going forward.”

“All of these companies are trying to build up cloud platforms, their delivery service, automations, robotics … so even if sales are at record levels, I would say expenses are at record levels.”


Sea Limited Stock Declines On Q3 Earnings Miss, Revenue Beat  By Investing.com

Sea Limited Stock Declines On Q3 Earnings Miss, Revenue Beat  © Reuters.

By Sam Boughedda

Investing.com — Sea Ltd (NYSE:SE) stock fell 5% on Tuesday after the company announced a loss per share of 84 cents on revenue of $2.69 billion on Tuesday.

The company missed earnings expectations but beat on revenue, with analysts polled by Investing.com anticipating the per-share loss to be 65 cents on revenue of $2.5 billion. Bookings were $1.2 billion, up 29.2% year-on-year.

Shares of the Singapore-based internet and mobile platform company hit a high of $355.99 before falling to around $325.

“We continued to see strong growth in the adoption of SeaMoney’s offerings. The total payment volume for our mobile wallet was US$4.6 billion for the third quarter of 2021, an increase of 111% year-on-year.” Sea said.

Looking ahead, Sea raised guidance for e-commerce for the full year. The company expects GAAP revenue for e-commerce to be between $5.0 billion and $5.2 billion, compared to the previous guidance of between $4.7 billion to $4.9 billion.

In addition, the company announced the appointment of Chris Feng as Sea Group’s President, starting January 1.


Jetmakers push freighters as industry gathers in Dubai By Reuters

Jetmakers push freighters as industry gathers in Dubai 2/2 © Reuters. FILE PHOTO: The Boeing logo is displayed on a screen, at the New York Stock Exchange (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Photo 2/2

By Tim Hepher and Alexander Cornwell

DUBAI (Reuters) -Boeing said on Saturday it was in advanced talks to sell a cargo version of its future 777X jetliner jet while Airbus predicted an A350 freighter deal soon, as aerospace giants eye a post-pandemic boom in e-commerce.

Boeing (NYSE:BA) also indicated it was nearing the end of production snags on the 787 Dreamliner, but reiterated the timing of any return to normal deliveries depended on talks with regulators.

“We are in pretty advanced discussions with a number of customers. The (777X freighter) looks good from a design standpoint and a requirements standpoint,” Ihssane Mounir, senior vice president of commercial sales and marketing, said.

The U.S. planemaker is poised to launch what it says would be the world’s largest and most capable new freighter, while European rival Airbus is seeking buyers for an A350 cargo version that it describes as lighter and more efficient.

Airbus expects to announce a launch order for the A350 freighter “soon,” Chief Commercial Officer Christian Scherer told a separate news conference on the eve of the Dubai Airshow, the first significant industry gathering since the pandemic.

“I am quite happy with the market response around the world and in the region to the A350 freighter,” he added.

The 777X freighter is expected to be based on the smaller of two versions of the 777X family, known as the 777-8.

It had been expected to be launched only after the 777-8 passenger version, but Mounir said it could jump ahead of the 777-8, whose sales have lagged the main 777-9 variant.

Boeing is sticking to plans to deliver the 777-9 in 2023, Mounir said. The president of Dubai’s Emirates, the biggest customer for the 777X, has sharply criticised Boeing for around three years of delays and a lack of certainty on delivery dates.


Qatar Airways has said publicly it is in talks with Boeing over the possible purchase of a 777X freighter, while FedEx (NYSE:FDX) is widely seen as another early contender. Airbus hopes to land an A350 cargo deal with Singapore Airlines (OTC:SINGY).

Freighter traffic has increased as passenger jets that usually carry goods in the hold were grounded by the pandemic.

Mounir and Scherer, sales chiefs for the world’s two largest planemakers, both said a market recovery was under way, though doubts remain over demand for the largest wide-body jetliners.

Boeing is meanwhile approaching the resumption of deliveries of its 787 Dreamliner, after suspending them to deal with production flaws, and engaging with Chinese regulators over the re-certification of the 737 MAX in China, Mounir said.

But he stressed that Boeing would not pre-empt U.S. or Chinese regulators, who make final decisions on timing.

The 787 has been beset by production problems that have halted deliveries since May. In July, the Federal Aviation Administration said some 787s had a manufacturing quality issue.

Analysts say Boeing continues to tread a fine line between completing work it says it has itself identified on the 787, a vital alternative source of cash to the still recovering 737 MAX, and leaving the last word on timing to regulators.

Boeing said last month it had a “clear line of sight” to resuming deliveries but that the Federal Aviation Administration would make the ultimate decision.

“We remain committed to taking the time to ensure each airplane meets our rigorous engineering specifications. We are conducting inspections and rework and engaging in detailed, transparent discussions with our regulators, customers and suppliers,” Mounir told Reuters in an emailed statement.

“While we never want to disappoint or cause delays for our customers, quality and safety always come first.”

The 737 MAX was cleared by major Western regulators late last year after an almost two-year safety grounding, but China has yet to allow it back to service.

China’s aviation regulator has told airlines it is satisfied that design changes Boeing proposed for its 737 MAX plane could resolve safety problems, in a sign it is closer to lifting a more than two-year flight ban..

Mounir told reporters Boeing would comply with requirements from U.S. or international regulators.


Nigeria’s Ibom Air nears order for at least 10 Airbus A220 jets – sources By Reuters

Nigeria’s Ibom Air nears order for at least 10 Airbus A220 jets – sources © Reuters. FILE PHOTO: The logo of Airbus is seen on a building in Toulouse, France, March 11, 2021. REUTERS/Stephane Mahe/File Photo

DUBAI (Reuters) – Nigerian regional airline Ibom Air is close to a deal to buy at least 10 A220 jets from European planemaker Airbus, delegates at the Dubai Airshow said on Sunday.

One industry source said the deal could extend up to 20 aircraft. Airbus declined comment. The airline could not immediately be reached for comment.


Australian ministers say 2030 emission target fixed, will be beaten By Reuters

Australian ministers say 2030 emission target fixed, will be beaten 2/2 © Reuters. FILE PHOTO: Coal is unloaded onto large piles at the Ulan Coal mines near the central New South Wales rural town of Mudgee in Australia, March 8, 2018. REUTERS/David Gray/File Photo 2/2

By Lidia Kelly

MELBOURNE (Reuters) – Australia’s 2030 emissions target is fixed, and the government is committed to beating it, several ministers said on Sunday, without saying whether targets would be updated as the recently concluded UN climate summit in Glasgow demanded.

The Glasgow talks ended Saturday with a deal that for the first-time targeted fossil fuels as the key driver of global warming, calling for tougher emissions pledges by 2022, among other things.

“Australia’s 2030 target is fixed and we are committed to meeting and beating it,” Foreign Minister Marise Payne and Energy Minister Angus Taylor said in a joint statement after the summit ended, adding the government will do “what’s right for rural and regional communities.”

Australia’s current commitment calls for a 26% to 28% reduction in greenhouse emissions by 2030.

The country, one of world’s top producers of coal and gas, was named the “colossal fossil” of the UN talks by Climate Action Network activists for “its appalling approach to climate change policy”.

Prime Minister Scott Morrison adopted a target of net zero carbon emissions by 2050 but said he would not legislate the goal. He rejected a global pledge, led by the European Union and the United States, to cut methane emissions by 30% by 2030.

Greg Hunt, Australia’s health minister who was the environment minister in 2013-2016, refused to say on Sunday whether the government will update the target.

“We’ve set our target. But what we’ll continue to do is update our projections,” Hunt said in an interview on the Australian Broadcast Corp’s Insiders programme.

When pressed further, Hunt paraphrased William Shakespeare from his play, “Henry IV”, saying, “I never promised to pay thee, but now that I’m here, I’ll pay thee double’. It means under-promise and over-deliver.”


Tesla’s Musk says stock sale impact ‘closer to tax maximization’ By Reuters

Tesla’s Musk says stock sale impact ‘closer to tax maximization’ © Reuters. FILE PHOTO: SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. REUTERS/Michele Tantussi/File Photo

(Reuters) – Tesla (NASDAQ:TSLA) CEO Elon Musk said Saturday the result of his sale of nearly $7 billion worth of Tesla shares this week was “closer to tax maximization than minimization.”

Musk was responding to a Twitter (NYSE:TWTR) commenter who said Musk would end up with more Tesla shares if he sold options instead of shares.

“A careful observer would note that my (low basis) share sale rate significantly exceeds my 10b (high basis) option exercise rate, thus closer to tax maximization than minimization,” the world’s richest person and Tesla’s top shareholder said in a tweet.

Musk had previously said he would have to exercise a large number of stock options this year, which would create a big tax bill. Selling some of his stock could potentially free up funds to pay the taxes.

A week ago, Musk tweeted that he would sell 10% of his shares if users of the social media platform endorsed the move.

“Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,” he said in a tweet https://twitter.com/elonmusk/status/1457064697782489088. A majority of people who responded to the poll expressed support for the sale.

As of Friday, Musk had sold $6.9 billion worth of shares in the electric car company, taking advantage of a meteoric rally that vaulted the firm’s value to over $1 trillion.


China satisfied with Boeing 737 MAX changes, seeks industry feedback – document By Reuters

China satisfied with Boeing 737 MAX changes, seeks industry feedback – document © Reuters. FILE PHOTO: A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020. REUTERS/Karen Ducey/File Photo

By Stella Qiu and Yew Lun Tian

BEIJING (Reuters) – China’s aviation regulator has told airlines it is satisfied that design changes Boeing (NYSE:BA) Co proposed for its 737 MAX plane could resolve safety problems, in a sign it is closer to lifting a more than two-year flight ban in Chinese skies.

The Civil Aviation Administration of China (CAAC) invited airlines to give feedback on a proposed airworthiness directive for the 737 MAX by Nov. 26, according to an undated notice seen by Reuters.

The directive outlines specific procedures for pilots to perform in case of problems similar to those that emerged in two deadly crashes before the plane’s grounding in March 2019. It also lists all the systems that must be functioning in order for the plane to be dispatched.

A return to the skies in China, the world’s biggest aircraft market, would be a major boon to Boeing. Broker Jefferies (NYSE:JEF) said in September an announcement would be worth a 5% boost to the stock price.

The United States and Europe last year sought industry feedback on similar proposed directives before ultimately approving the return of the 737 MAX.

CAAC’s notice said after a comprehensive review of the changes Boeing proposed, including to the design of the aviation control software and display system, it assessed the changes could remove the unsafe situations that led to the crashes.

The agency did not respond immediately to a request for comment on the notice. A Boeing spokesperson said the airline continued to work with regulators around the world to return the 737 MAX to service.

The aerospace giant has said the 737 MAX performed a successful test flight for CAAC in August.

Boeing Chief Executive David Calhoun said last month the company was working toward gaining Chinese approvals by the end of the year for the 737 MAX to fly, with deliveries expected to resume in the first quarter of 2022.

Around a third of about 370 undelivered 737 MAX airplanes in storage are for Chinese customers, Boeing said last month.

Before the 737 MAX was grounded, Boeing was selling one-quarter of the planes it built annually to Chinese buyers, its largest customer.

Other Asia-Pacific countries – including Singapore, Malaysia, India, Japan, Australia and Fiji – have already approved the return of the 737 MAX.

Beyond safety concerns, Boeing’s sales in China have been hobbled by U.S.-China trade tensions, with Washington accusing Beijing of blocking purchases of Boeing planes by its domestic airlines.