Why blood makes up over 2.5% of all U.S. exports

In America, blood means big business. The North American blood market was valued at $3.3 billion in 2021, according to Global Market Insights Inc. Blood makes up 2.69% of U.S. exports, according to the Census Bureau. Since there is no substitute for human blood, demand can be hard to meet. During the Covid pandemic, the Red Cross announced its first-ever national blood shortage crisis. “There are still sporadic shortages,” Dr. Claudia Cohn, chief medical officer of the Association for the Advancement of Blood & Biotherapies, told CNBC. An early pandemic shortage…

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Supreme Court says EPA does not have authority to set climate standards for power plants

A view of the backside of the U.S. Supreme Court on June 6, 2022 in Washington, DC. According to media reports, Drew Angerer | Getty Images The Supreme Court on Thursday ruled the EPA does not have authority to set standards on climate-changing greenhouse gas emissions for existing power plants. The 6-3 ruling said that Congress, not the EPA, has that power. The court’s ruling on the case, West Virginia v. the Environmental Protection Agency, affects the federal government’s authority to set standards for planet-warming pollutants like carbon dioxide from…

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Nikola tries again to win shareholder support to issue new stock – over objections of its disgraced founder

CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy December 2, 2019. Massimo Pinca | Reuters Electric truck startup Nikola is making another attempt Thursday to clear a shareholder hurdle to raise new funds – over the objections of its disgraced and now-departed founder. The long-embattled company is seeking to raise money by issuing new stock, a process that requires shareholder approval. Nikola’s June 1 annual shareholder meeting…

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Stocks making the biggest moves premarket: Walgreens, Constellation Brands, RH and others

Check out the companies making headlines before the bell: Walgreens (WBA) – The drug store operator earned an adjusted 96 cents per share for its latest quarter, 4 cents above estimates, with revenue also beating analyst forecasts. Walgreens also reaffirmed its full-year guidance, forecasting low-single-digit adjusted earnings growth. The stock fell 2.7% in premarket action. Constellation Brands (STZ) – The spirits producer beat estimates by 14 cents with adjusted quarterly earnings of $2.66 per share, and revenue that was above estimates as well. Constellation also gave an upbeat full-year forecast…

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5 things to know before the stock market opens Thursday

Here are the most important news items that investors need to start their trading day: 1. S&P on track to finish its worst first half in 52 years Traders on the floor of the NYSE, June 29, 2022. Source: NYSE Stock futures fell Thursday morning, as investors continued to weigh the ongoing impact of inflation, central bank rate hikes and the deluge of second-quarter earnings reports coming in a few weeks. The latest reading of the Fed’s favorite inflation gauge is due this morning, as well: the core personal consumption…

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Cramer warns investors not to group all stocks of the same sector together – ‘No two stocks are truly alike’

CNBC’s Jim Cramer on Wednesday told investors that despite what might be happening in the market, they shouldn’t judge a stock based on its industry peers’ performance. “These days, it feels like up to 90% of a stock’s performance on a given day comes from its sector, something on down days that feels like a heavy gravitational pull,” he said. “I want to remind you that no two stocks are truly alike and, more important, the sector analysis everyone lives by these days is often a travesty of a mockery…

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Charts suggest the recent boom in commodities ‘is not long for the world,’ Jim Cramer says

CNBC’s Jim Cramer on Wednesday said that while the commodities market could see a short-term upside, it will ultimately come down in the long term. “The charts, as interpreted by Carley Garner, suggest that the recent commodities boom is not long for the world. She says we could still see some short-term upside … but longer-term, she thinks this bull is about to get slaughtered,” the “Mad Money” host said. “And when commodities turn against you, it tends to get real ugly, real fast,” he added. Before getting into Garner’s…

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Pinterest improving user experience to help people ‘take more action’ on boards, new CEO Bill Ready says

Pinterest is working on helping users take tangible actions on their mood boards and pins, new CEO Bill Ready told CNBC’s Jim Cramer on Wednesday. “There’s a lot we can do to help them take more action on that intent, whether that action is making, or doing, or in some cases buying. There’s a variety of ways that we can do that. It may not necessarily entail even a buy button all the time,” Ready said in an interview on “Mad Money.” “I’ve used Pinterest for designing a home, for…

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Stocks making the biggest moves midday: Bed Bath & Beyond, Carnival, Upstart and more

A security guard stands next to a Bed Bath & Beyond sign at the entrance to a New York City store location. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Bed Bath & Beyond — Shares of the retailer plummeted about 21% after the company missed revenue estimates and posted a wider-than-expected loss in the recent quarter. Bed Bath & Beyond also announced it is replacing CEO Mark Tritton. Carnival — Shares of the cruise line operator fell more than 14% after Morgan Stanley cut its price target…

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