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Police hunt for UnitedHealthcare CEO's masked killer after 'brazen, targeted' attack on NYC street NEW YORK (AP) — A gunman killed UnitedHealthcare’s CEO on Wednesday in a “brazen, targeted attack” outside a Manhattan hotel where the health insurer was holding its investor conference, police said, setting off a massive search for the fleeing assailant hours before the annual Rockefeller Center Christmas tree lighting nearby. Brian Thompson, 50, was shot around 6:45 a.m. as he walked alone to the New York Hilton Midtown from a nearby hotel, police said. The shooter appeared to be “lying in wait for several minutes” before approaching Thompson from behind and opening fire, New York City Police Commissioner Jessica Tisch said. Police had not yet established a motive. “Many people passed the suspect, but he appeared to wait for his intended target,” Tisch said, adding that the shooting "does not appear to be a random act of violence.” Surveillance video reviewed by investigators shows someone emerging from behind a parked car, pointing a gun at Thompson’s back, then firing multiple times from several feet away. The gunman continues firing, interrupted by a brief gun jam, as Thompson stumbles forward and falls to the sidewalk. He then walks past Thompson and out of the frame. “From watching the video, it does seem that he’s proficient in the use of firearms as he was able to clear the malfunctions pretty quickly,” NYPD Chief of Detectives Joseph Kenny said. UnitedHealthcare CEO kept a low public profile. Then he was shot to death in New York NEW YORK (AP) — Brian Thompson led one of the biggest health insurers in the U.S. but was unknown to millions of people his decisions affected. Then Wednesday's targeted fatal shooting of the UnitedHealthcare CEO on a midtown Manhattan sidewalk thrust the executive and his business into the national spotlight. Thompson, who was 50, had worked at the giant UnitedHealth Group Inc for 20 years and run the insurance arm since 2021 after running its Medicare and retirement business. As CEO, Thompson led a firm that provides health coverage to more than 49 million Americans — more than the population of Spain. United is the largest provider of Medicare Advantage plans, the privately run versions of the U.S. government’s Medicare program for people age 65 and older. The company also sells individual insurance and administers health-insurance coverage for thousands of employers and state-and federally funded Medicaid programs. The business run by Thompson brought in $281 billion in revenue last year, making it the largest subsidiary of the Minnetonka, Minnesota-based UnitedHealth Group. His $10.2 million annual pay package, including salary, bonus and stock options awards, made him one of the company's highest-paid executives. Hegseth fights to save Pentagon nomination as sources say Trump considers DeSantis WASHINGTON (AP) — A defiant Pete Hegseth fought to save his nomination to be Donald Trump's defense secretary Wednesday as the president-elect considered possible replacements in the face of growing questions about the former Fox News host's personal conduct and ability to win Senate confirmation. Hegseth met with legislators on Capitol Hill, conducted a radio interview and released an opinion article denying allegations of sexual assault and excessive drinking. He insisted he was “not backing down one bit," that Trump was still supporting him and he planned to return Thursday for more meetings with lawmakers. But the president-elect's team was looking at alternatives including Florida Gov. Ron DeSantis. Trump himself remained quiet about Hegseth while issuing a flurry of statements on social media Wednesday about other nominees and his news coverage. Hegeth, asked if he'd meet with Trump on Thursday, said he'd meet with him “anytime he'd like." Hegseth is the latest nominee-designate to be imperiled by personal baggage after the recent withdrawal of Trump’s initial pick for attorney general, former Rep. Matt Gaetz, whose vulnerabilities were well-documented. But Hegseth’s past, including the revelation that he made a settlement payment after being accused of a sexual assault that he denies, was not widely known. Supreme Court seems likely to uphold Tennessee's ban on medical treatments for transgender minors WASHINGTON (AP) — Hearing a high-profile culture-war clash, the Supreme Court on Wednesday seemed likely to uphold Tennessee's ban on gender-affirming care for minors. The justices’ decision, not expected for several months, could affect similar laws enacted by another 25 states and a range of other efforts to regulate the lives of transgender people, including which sports competitions they can join and which bathrooms they can use. The case is being weighed by a conservative-dominated court after a presidential election in which Donald Trump and his allies promised to roll back protections for transgender people, showcasing the uneasy intersection between law, politics and individual rights. The Biden administration's top Supreme Court lawyer warned a decision favorable to Tennessee also could be used to justify nationwide restrictions on transgender healthcare for minors. In arguments that lasted more than two hours, five of the six conservative justices voiced varying degrees of skepticism of arguments made by the administration and Chase Strangio, the ACLU lawyer for Tennessee families challenging the ban. Peter Navarro served prison time related to Jan. 6. Now Trump is bringing him back as an adviser WASHINGTON (AP) — Former White House adviser Peter Navarro, who served prison time related to the Jan. 6 attack on the U.S. Capitol, will return to serve in Donald Trump’s second administration, the president-elect announced Wednesday. Navarro, a trade adviser during Trump’s first term, will be a senior counselor for trade and manufacturing, Trump said on Truth Social. The position, Trump wrote, “leverages Peter’s broad range of White House experience, while harnessing his extensive Policy analytic and Media skills.” The appointment was only the first in a flurry of announcements that Trump made on Wednesday as his presidential transition faced controversy over Pete Hegseth, Trump’s choice for Pentagon chief. Hegseth faces allegations of sexual misconduct, excessive drinking and financial mismanagement, and Trump has considered replacing him with another potential nominee. As he works to fill out his team, Trump said he wanted Paul Atkins, a financial industry veteran and an advocate for cryptocurrency, to serve as the next chairman of the Securities and Exchange Commission. He wrote on Truth Social that Atkins “recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.” Trump also said he was changing course on his choice for White House counsel. He said his original pick, William McGinley, will work with the Department of Government Efficiency, which will be run by Elon Musk and Vivek Ramaswamy with the goal of cutting federal spending. Now David Warrington, who has worked as Trump’s personal lawyer and a lawyer for his campaign, will serve as White House counsel. Israeli strikes on a Gaza tent camp kill at least 21 people, hospital says KHAN YOUNIS, Gaza Strip (AP) — Israeli airstrikes tore through a tent camp for displaced Palestinians in southern Gaza on Wednesday, sparking fires and killing at least 21 people, according to the head of a nearby hospital, in the latest assault on a sprawling tent city that Israel designated a humanitarian safe zone but has repeatedly targeted. The Israeli military said it struck senior Hamas militants “involved in terrorist activities” in the area, without providing additional details, and said it took precautions to minimize harm to civilians. The strike on the Muwasi tent camp was one of several deadly assaults across the Gaza Strip on Wednesday. An Israeli attack in central Gaza killed at least 10 more people, including four children, according to Palestinian medics. Israel’s devastating war in Gaza, launched after Hamas’ October 2023 attack, shows no signs of ending after nearly 14 months. Hamas is still holding dozens of Israeli hostages, and most of Gaza’s population has been displaced and is reliant on international food aid to survive. Israel is also pressing a major offensive in the isolated north, where experts say Palestinians might be experiencing famine. The Biden administration has pledged to make a new push for a Gaza ceasefire now that there's a truce in Lebanon between Israel and the militant group Hezbollah, ending more than a year of cross-border fighting. Meanwhile, President-elect Donald Trump demanded this week the release of hostages held by Hamas before he is sworn into office in January. South Korean President Yoon's martial law declaration raises questions over his political future SEOUL, South Korea (AP) — President Yoon Suk Yeol’s stunning martial law declaration lasted just hours, but experts say it raised serious questions about his ability to govern for the remaining 2 1/2 years of his term and whether he will abide by democratic principles. The opposition-controlled parliament overturned the edict, and his rivals on Wednesday took steps to impeach him. One analyst called his action “political suicide.” Yoon’s political fate may depend on whether a large number of people in coming days take to the streets to push for his ouster. Here's a look at the political firestorm caused by the martial law declaration, the first of its kind in more than 40 years. Yoon's declaration of emergency martial law on Tuesday night was accompanied by a pledge to eliminate “shameless North Korea followers and anti-state forces at a single stroke.” He vowed to protect the country from “falling into the depths of national ruin.” Yoon, a conservative, cited repeated attempts by his liberal rivals in control of parliament to impeach his top officials and curtail key parts of his budget bill for next year. French lawmakers vote to oust prime minister in the first successful no-confidence vote since 1962 PARIS (AP) — France’s far-right and left-wing lawmakers joined together Wednesday in a historic no-confidence vote prompted by budget disputes that forces Prime Minister Michel Barnier and his Cabinet members to resign, a first since 1962. The National Assembly approved the motion by 331 votes. A minimum of 288 were needed. President Emmanuel Macron insisted he will serve the rest of his term until 2027. However, he will need to appoint a new prime minister for the second time after July’s legislative elections led to a deeply divided parliament. Macron will address the French on Thursday evening, his office said, without providing details. Barnier is expected to formally resign by then. A conservative appointed in September, Barnier becomes the shortest-serving prime minister in France’s modern Republic. White House says at least 8 US telecom firms, dozens of nations impacted by China hacking campaign WASHINGTON (AP) — A top White House official on Wednesday said at least eight U.S. telecom firms and dozens of nations have been impacted by a Chinese hacking campaign. Deputy national security adviser Anne Neuberger offered new details about the breadth of the sprawling Chinese hacking campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans. Neuberger divulged the scope of the hack a day after the FBI and the Cybersecurity and Infrastructure Security Agency issued guidance intended to help root out the hackers and prevent similar cyberespionage in the future. White House officials cautioned that the number of telecommunication firms and countries impacted could still grow. The U.S. believes that the hackers were able to gain access to communications of senior U.S. government officials and prominent political figures through the hack, Neuberger said. “We don’t believe any classified communications has been compromised,” Neuberger added during a call with reporters. Harris found success with women who have cats, but Trump got the dog owner vote: AP VoteCast WASHINGTON (AP) — The lead-up to the 2024 election was all about cat owners. But in the end, the dogs had their day. President-elect Donald Trump won slightly more than half of voters who own either cats or dogs, with a big assist from dog owners, according to AP VoteCast, a survey of more than 120,000 voters. Dog owners were much more likely to support the Republican over Democratic Vice President Kamala Harris. Cat owners were split between the two candidates. About two-thirds of voters said they own a dog or cat, but pet owners don't usually get much attention from politicians. This year, however, past comments by Trump's running mate, Ohio Sen. JD Vance, about “childless cat ladies” briefly became a campaign issue — and Taylor Swift signed her Instagram endorsement of Harris in September as “Taylor Swift Childless Cat Lady.” Harris did end up decisively winning support from women who owned a cat but not a dog. Still, those voters were a relatively small slice of the electorate, and pet owners as a whole did not seem to hold Vance's remarks against the GOP ticket. Childless or not, women who only owned a cat were more likely to support Harris than were dog owners, or voters who had a cat and a dog. About 6 in 10 women who owned a cat but not a dog supported Harris, according to AP VoteCast. She did similarly well among women who did not own either kind of pet.Prolific phone fraudsters jailed as Met steps up efforts to tackle smartphone theftsReview: Samsung's Galaxy Z Flip6 smartphone more than passes the gimmick test
PG&E ( NYSE:PCG – Free Report ) had its target price lifted by Mizuho from $24.00 to $26.00 in a research note published on Wednesday morning, Benzinga reports. Mizuho currently has an outperform rating on the utilities provider’s stock. A number of other equities analysts have also recently commented on the stock. Bank of America assumed coverage on shares of PG&E in a research note on Thursday, September 12th. They issued a “buy” rating and a $24.00 price objective for the company. Jefferies Financial Group started coverage on PG&E in a research report on Monday, October 14th. They issued a “buy” rating and a $24.00 price target for the company. UBS Group upped their price objective on PG&E from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Barclays lifted their target price on PG&E from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Morgan Stanley increased their price target on PG&E from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.10. View Our Latest Report on PCG PG&E Price Performance PG&E ( NYSE:PCG – Get Free Report ) last issued its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.05. PG&E had a return on equity of 12.51% and a net margin of 11.11%. The business had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $6.58 billion. During the same period in the prior year, the firm earned $0.24 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts forecast that PG&E will post 1.36 earnings per share for the current fiscal year. PG&E Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.18%. PG&E’s payout ratio is 3.13%. Institutional Trading of PG&E Several institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. increased its stake in PG&E by 4.1% in the 3rd quarter. Franklin Resources Inc. now owns 17,116,725 shares of the utilities provider’s stock worth $346,443,000 after buying an additional 681,369 shares during the period. Tidal Investments LLC grew its stake in PG&E by 4.7% in the 3rd quarter. Tidal Investments LLC now owns 55,938 shares of the utilities provider’s stock worth $1,106,000 after acquiring an additional 2,527 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of PG&E during the third quarter worth approximately $349,000. Sanctuary Advisors LLC raised its stake in shares of PG&E by 21.7% during the third quarter. Sanctuary Advisors LLC now owns 87,919 shares of the utilities provider’s stock valued at $1,879,000 after acquiring an additional 15,648 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in shares of PG&E by 34.5% in the third quarter. TD Private Client Wealth LLC now owns 35,255 shares of the utilities provider’s stock valued at $697,000 after purchasing an additional 9,043 shares during the period. 78.56% of the stock is currently owned by institutional investors. About PG&E ( Get Free Report ) PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources. Featured Articles Receive News & Ratings for PG&E Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PG&E and related companies with MarketBeat.com's FREE daily email newsletter .
Tech Bytes: Is China’s critical mineral export ban the beginning of a new trade war?
Smart bumps up Metro 5G linksThere was an odd atmosphere on Capital Hill . or signup to continue reading A taut electric vibe tussled with a summery last-day-of-school looseness. Haggard correspondents intoned philosophic, wearily resigned to their designation as villains in the febrile digital colosseum of political combat. With an unholy crush in the Senate - 31 bills passed on one day and 45 for the week - nervous but footloose lower house MPs killed time. Ministers floated between offices, affecting calm in that way trial lawyers do after closing arguments when everything hangs on a curmudgeonly judge or an inscrutable jury. The Speaker, Milton Dick, expressed his thanks to the sprawling complex's thousands of staff for keeping operational what Anthony Albanese described as "the most visited building in Australia". And it certainly seemed "most-visited" at Aussies on Thursday morning - the roiling social hub where over three decades, Dom Calabria and his father Tony have furnished coffee and meals to stressed press gallery journos, MPs, PMs and frontbenchers, and an infinity of lobbyists and public officials. In their ritual post-question time speeches before the summer break - a bilateral nod to civility dubbed "the hypocrisies" by one scribe - Albanese and Peter Dutton praised old Tony's 28-year stint at Aussies. "Tony is the man who did so much to enhance the seat of democracy here," Albanese remarked warmly to his fellow "Italo-Australian" looking up to the public gallery where three generations of Calabrias watched on. Dutton lauded the ailing 84-year-old's migrant story having emigrated at just 14. "He has worked every day since then, he has educated his children, he has provided a role model and has given that love to his family that has created a remarkable legacy," Dutton said. In other comments, Albanese revealed that he and Dutton did not hate each other after all. He noted that while he had visited Morrison's office only once as opposition leader (a startling factoid since the global pandemic occasioned a bipartisanship likened to wartime), Dutton had been into Albanese's prime ministerial suite, well, "more often than I'd like". Cue laughter. Yet coursing impatiently under all this ersatz chumminess, was the existential fight to come. Each knows that within months, one will be up, the other, finished. Since the Second World War, it has occupied the Treasury benches for just 29 years. Nonetheless, Labor goes into next year's election comforted by electoral history and shielded by an unofficial "Swiss G]guard" of community independents. But that historical precedent - every first-term federal government since 1932 has secured a second term - may amount to nothing in this disintermediated age of antisocial media and permanent grievance. For the 93 years since the rookie Scullin Labor government crashed along with everything else in the Great Depression, incumbency has been a winged keel. Australian voters have tended to pick and stick, at least once. Now though, around the democratic world in 2024, the vogue is to "pick then kick". But what about that Swiss guard of independents? Albanese's worst-case scenario is that one or all of the first-term teals lose. Another risk is that some back a Dutton executive. Currently Labor has 78 seats to the Coalition's 58. Dutton needs a net gain of 18 seats to govern in his own right. A huge task. Polls suggest the most likely outcome is a minority parliament. Labor could lose half a dozen seats to Dutton's Liberals and still be close enough to credibly seek crossbench commitments for supply and confidence. But what would the teal independents do - who would they prefer to form government? The lesson from the minority Gillard period is that indies who hold conservative seats but back progressive governments face extinction themselves. In this light,, it may be instructive to consult the AEC's "two-party preferred" exercise, in which it allocated all 151 "Reps" seats to either of the two major parties (irrespective of whether the seat actually fell to a third party). Unsurprisingly, it shows that preferences for either of the two majors (ahead of the other) favoured the Liberals by the following percentages in teal seats: Curtin (5.4), Goldstein (4.8), Kooyong (4.1 ), Mackellar (8.6), Warringah (1.4), Wentworth (5.9). These pro-Liberal margins may even expand in a 2025 election devoid of the unpopular Morrison. Yet this cuts both ways. In formerly safe Labor Fowler, Dai Le (assuming she survives) would have to ignore a strong Labor proclivity in her seat to back a Dutton-led minority government. Another outlier is Alexander Downer's erstwhile stronghold of Mayo, held by the centre-right indie Rebekah Sharkie. Her Adelaide Hills seat actually favoured Labor by 1.6 per cent in 2022. In all three of the Queensland seats filched by the Greens in 2022, voters preferred Labor - even the two secured from the LNP, Brisbane and Ryan. Nationally, the polls show a busy and productive Labor trailing Dutton's detail-light rhetorical assault over cost of living and immigration. The hardline Queenslander is a more effective political communicator than even his own colleagues thought when they overlooked him in 2018. In 2025, Labor remains the narrow favourite. But its hardheads recognise that no opposition leader is unelectable, no historical precedent immutable, and no seat lead impregnable. Mark Kenny is The Canberra Times' political analyst and a professor at the ANU's Australian Studies Institute. He hosts the Democracy Sausage podcast. He writes a column every Sunday. Mark Kenny is The Canberra Times' political analyst and a professor at the ANU's Australian Studies Institute. He hosts the Democracy Sausage podcast. He writes a column every Sunday. DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. 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Cerity Partners LLC decreased its holdings in shares of Comerica Incorporated ( NYSE:CMA – Free Report ) by 58.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 70,095 shares of the financial services provider’s stock after selling 97,809 shares during the period. Cerity Partners LLC owned 0.05% of Comerica worth $4,199,000 at the end of the most recent reporting period. Other large investors have also modified their holdings of the company. Citigroup Inc. increased its holdings in shares of Comerica by 390.6% in the 3rd quarter. Citigroup Inc. now owns 761,601 shares of the financial services provider’s stock valued at $45,628,000 after acquiring an additional 606,375 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Comerica by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,306,042 shares of the financial services provider’s stock valued at $257,975,000 after purchasing an additional 226,285 shares during the last quarter. Integrated Investment Consultants LLC bought a new position in Comerica in the third quarter worth about $323,000. Primecap Management Co. CA purchased a new stake in shares of Comerica during the third quarter valued at about $26,630,000. Finally, Factorial Partners LLC bought a new stake in shares of Comerica in the 3rd quarter valued at about $1,222,000. Institutional investors own 80.74% of the company’s stock. Comerica Stock Down 0.1 % Shares of CMA stock opened at $72.27 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.97. Comerica Incorporated has a twelve month low of $44.63 and a twelve month high of $73.45. The stock has a 50 day moving average of $64.16 and a 200 day moving average of $56.74. The stock has a market cap of $9.50 billion, a P/E ratio of 18.06 and a beta of 1.22. Comerica declared that its board has approved a stock repurchase program on Tuesday, November 5th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued. Comerica Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th will be issued a $0.71 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.84 dividend on an annualized basis and a yield of 3.93%. Comerica’s payout ratio is 71.00%. Insider Activity In other Comerica news, EVP Bruce Mitchell sold 7,564 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $62.20, for a total transaction of $470,480.80. Following the completion of the sale, the executive vice president now directly owns 16,428 shares in the company, valued at approximately $1,021,821.60. The trade was a 31.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, EVP James Harry Weber sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $63.23, for a total value of $410,995.00. Following the completion of the transaction, the executive vice president now owns 15,773 shares in the company, valued at approximately $997,326.79. This trade represents a 29.18 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold 15,456 shares of company stock worth $977,287 in the last quarter. Corporate insiders own 0.19% of the company’s stock. Analyst Ratings Changes A number of research firms recently commented on CMA. Stephens increased their target price on shares of Comerica from $64.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods upgraded Comerica from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $50.00 to $69.00 in a report on Thursday, September 5th. JPMorgan Chase & Co. boosted their target price on Comerica from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Wells Fargo & Company upgraded Comerica from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $51.00 to $73.00 in a research note on Friday, November 15th. Finally, Morgan Stanley boosted their price target on Comerica from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $65.10. Get Our Latest Stock Report on Comerica Comerica Profile ( Free Report ) Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, payment solutions, card services, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities. Recommended Stories Want to see what other hedge funds are holding CMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comerica Incorporated ( NYSE:CMA – Free Report ). Receive News & Ratings for Comerica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comerica and related companies with MarketBeat.com's FREE daily email newsletter .Police hunt for UnitedHealthcare CEO's masked killer after 'brazen, targeted' attack on NYC street NEW YORK (AP) — A gunman killed UnitedHealthcare’s CEO on Wednesday in a “brazen, targeted attack” outside a Manhattan hotel where the health insurer was holding its investor conference, police said, setting off a massive search for the fleeing assailant hours before the annual Rockefeller Center Christmas tree lighting nearby. Brian Thompson, 50, was shot around 6:45 a.m. as he walked alone to the New York Hilton Midtown from a nearby hotel, police said. The shooter appeared to be “lying in wait for several minutes” before approaching Thompson from behind and opening fire, New York City Police Commissioner Jessica Tisch said. Police had not yet established a motive. “Many people passed the suspect, but he appeared to wait for his intended target,” Tisch said, adding that the shooting "does not appear to be a random act of violence.” Surveillance video reviewed by investigators shows someone emerging from behind a parked car, pointing a gun at Thompson’s back, then firing multiple times from several feet away. The gunman continues firing, interrupted by a brief gun jam, as Thompson stumbles forward and falls to the sidewalk. He then walks past Thompson and out of the frame. “From watching the video, it does seem that he’s proficient in the use of firearms as he was able to clear the malfunctions pretty quickly,” NYPD Chief of Detectives Joseph Kenny said. UnitedHealthcare CEO kept a low public profile. Then he was shot to death in New York NEW YORK (AP) — Brian Thompson led one of the biggest health insurers in the U.S. but was unknown to millions of people his decisions affected. Then Wednesday's targeted fatal shooting of the UnitedHealthcare CEO on a midtown Manhattan sidewalk thrust the executive and his business into the national spotlight. Thompson, who was 50, had worked at the giant UnitedHealth Group Inc for 20 years and run the insurance arm since 2021 after running its Medicare and retirement business. As CEO, Thompson led a firm that provides health coverage to more than 49 million Americans — more than the population of Spain. United is the largest provider of Medicare Advantage plans, the privately run versions of the U.S. government’s Medicare program for people age 65 and older. The company also sells individual insurance and administers health-insurance coverage for thousands of employers and state-and federally funded Medicaid programs. The business run by Thompson brought in $281 billion in revenue last year, making it the largest subsidiary of the Minnetonka, Minnesota-based UnitedHealth Group. His $10.2 million annual pay package, including salary, bonus and stock options awards, made him one of the company's highest-paid executives. Hegseth fights to save Pentagon nomination as sources say Trump considers DeSantis WASHINGTON (AP) — A defiant Pete Hegseth fought to save his nomination to be Donald Trump's defense secretary Wednesday as the president-elect considered possible replacements in the face of growing questions about the former Fox News host's personal conduct and ability to win Senate confirmation. Hegseth met with legislators on Capitol Hill, conducted a radio interview and released an opinion article denying allegations of sexual assault and excessive drinking. He insisted he was “not backing down one bit," that Trump was still supporting him and he planned to return Thursday for more meetings with lawmakers. But the president-elect's team was looking at alternatives including Florida Gov. Ron DeSantis. Trump himself remained quiet about Hegseth while issuing a flurry of statements on social media Wednesday about other nominees and his news coverage. Hegeth, asked if he'd meet with Trump on Thursday, said he'd meet with him “anytime he'd like." Hegseth is the latest nominee-designate to be imperiled by personal baggage after the recent withdrawal of Trump’s initial pick for attorney general, former Rep. Matt Gaetz, whose vulnerabilities were well-documented. But Hegseth’s past, including the revelation that he made a settlement payment after being accused of a sexual assault that he denies, was not widely known. Supreme Court seems likely to uphold Tennessee's ban on medical treatments for transgender minors WASHINGTON (AP) — Hearing a high-profile culture-war clash, the Supreme Court on Wednesday seemed likely to uphold Tennessee's ban on gender-affirming care for minors. The justices’ decision, not expected for several months, could affect similar laws enacted by another 25 states and a range of other efforts to regulate the lives of transgender people, including which sports competitions they can join and which bathrooms they can use. The case is being weighed by a conservative-dominated court after a presidential election in which Donald Trump and his allies promised to roll back protections for transgender people, showcasing the uneasy intersection between law, politics and individual rights. The Biden administration's top Supreme Court lawyer warned a decision favorable to Tennessee also could be used to justify nationwide restrictions on transgender healthcare for minors. In arguments that lasted more than two hours, five of the six conservative justices voiced varying degrees of skepticism of arguments made by the administration and Chase Strangio, the ACLU lawyer for Tennessee families challenging the ban. Peter Navarro served prison time related to Jan. 6. Now Trump is bringing him back as an adviser WASHINGTON (AP) — Former White House adviser Peter Navarro, who served prison time related to the Jan. 6 attack on the U.S. Capitol, will return to serve in Donald Trump’s second administration, the president-elect announced Wednesday. Navarro, a trade adviser during Trump’s first term, will be a senior counselor for trade and manufacturing, Trump said on Truth Social. The position, Trump wrote, “leverages Peter’s broad range of White House experience, while harnessing his extensive Policy analytic and Media skills.” The appointment was only the first in a flurry of announcements that Trump made on Wednesday as his presidential transition faced controversy over Pete Hegseth, Trump’s choice for Pentagon chief. Hegseth faces allegations of sexual misconduct, excessive drinking and financial mismanagement, and Trump has considered replacing him with another potential nominee. As he works to fill out his team, Trump said he wanted Paul Atkins, a financial industry veteran and an advocate for cryptocurrency, to serve as the next chairman of the Securities and Exchange Commission. He wrote on Truth Social that Atkins “recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.” Trump also said he was changing course on his choice for White House counsel. He said his original pick, William McGinley, will work with the Department of Government Efficiency, which will be run by Elon Musk and Vivek Ramaswamy with the goal of cutting federal spending. Now David Warrington, who has worked as Trump’s personal lawyer and a lawyer for his campaign, will serve as White House counsel. Israeli strikes on a Gaza tent camp kill at least 21 people, hospital says KHAN YOUNIS, Gaza Strip (AP) — Israeli airstrikes tore through a tent camp for displaced Palestinians in southern Gaza on Wednesday, sparking fires and killing at least 21 people, according to the head of a nearby hospital, in the latest assault on a sprawling tent city that Israel designated a humanitarian safe zone but has repeatedly targeted. The Israeli military said it struck senior Hamas militants “involved in terrorist activities” in the area, without providing additional details, and said it took precautions to minimize harm to civilians. The strike on the Muwasi tent camp was one of several deadly assaults across the Gaza Strip on Wednesday. An Israeli attack in central Gaza killed at least 10 more people, including four children, according to Palestinian medics. Israel’s devastating war in Gaza, launched after Hamas’ October 2023 attack, shows no signs of ending after nearly 14 months. Hamas is still holding dozens of Israeli hostages, and most of Gaza’s population has been displaced and is reliant on international food aid to survive. Israel is also pressing a major offensive in the isolated north, where experts say Palestinians might be experiencing famine. The Biden administration has pledged to make a new push for a Gaza ceasefire now that there's a truce in Lebanon between Israel and the militant group Hezbollah, ending more than a year of cross-border fighting. Meanwhile, President-elect Donald Trump demanded this week the release of hostages held by Hamas before he is sworn into office in January. South Korean President Yoon's martial law declaration raises questions over his political future SEOUL, South Korea (AP) — President Yoon Suk Yeol’s stunning martial law declaration lasted just hours, but experts say it raised serious questions about his ability to govern for the remaining 2 1/2 years of his term and whether he will abide by democratic principles. The opposition-controlled parliament overturned the edict, and his rivals on Wednesday took steps to impeach him. One analyst called his action “political suicide.” Yoon’s political fate may depend on whether a large number of people in coming days take to the streets to push for his ouster. Here's a look at the political firestorm caused by the martial law declaration, the first of its kind in more than 40 years. Yoon's declaration of emergency martial law on Tuesday night was accompanied by a pledge to eliminate “shameless North Korea followers and anti-state forces at a single stroke.” He vowed to protect the country from “falling into the depths of national ruin.” Yoon, a conservative, cited repeated attempts by his liberal rivals in control of parliament to impeach his top officials and curtail key parts of his budget bill for next year. French lawmakers vote to oust prime minister in the first successful no-confidence vote since 1962 PARIS (AP) — France’s far-right and left-wing lawmakers joined together Wednesday in a historic no-confidence vote prompted by budget disputes that forces Prime Minister Michel Barnier and his Cabinet members to resign, a first since 1962. The National Assembly approved the motion by 331 votes. A minimum of 288 were needed. President Emmanuel Macron insisted he will serve the rest of his term until 2027. However, he will need to appoint a new prime minister for the second time after July’s legislative elections led to a deeply divided parliament. Macron will address the French on Thursday evening, his office said, without providing details. Barnier is expected to formally resign by then. A conservative appointed in September, Barnier becomes the shortest-serving prime minister in France’s modern Republic. White House says at least 8 US telecom firms, dozens of nations impacted by China hacking campaign WASHINGTON (AP) — A top White House official on Wednesday said at least eight U.S. telecom firms and dozens of nations have been impacted by a Chinese hacking campaign. Deputy national security adviser Anne Neuberger offered new details about the breadth of the sprawling Chinese hacking campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans. Neuberger divulged the scope of the hack a day after the FBI and the Cybersecurity and Infrastructure Security Agency issued guidance intended to help root out the hackers and prevent similar cyberespionage in the future. White House officials cautioned that the number of telecommunication firms and countries impacted could still grow. The U.S. believes that the hackers were able to gain access to communications of senior U.S. government officials and prominent political figures through the hack, Neuberger said. “We don’t believe any classified communications has been compromised,” Neuberger added during a call with reporters. Harris found success with women who have cats, but Trump got the dog owner vote: AP VoteCast WASHINGTON (AP) — The lead-up to the 2024 election was all about cat owners. But in the end, the dogs had their day. President-elect Donald Trump won slightly more than half of voters who own either cats or dogs, with a big assist from dog owners, according to AP VoteCast, a survey of more than 120,000 voters. Dog owners were much more likely to support the Republican over Democratic Vice President Kamala Harris. Cat owners were split between the two candidates. About two-thirds of voters said they own a dog or cat, but pet owners don't usually get much attention from politicians. This year, however, past comments by Trump's running mate, Ohio Sen. JD Vance, about “childless cat ladies” briefly became a campaign issue — and Taylor Swift signed her Instagram endorsement of Harris in September as “Taylor Swift Childless Cat Lady.” Harris did end up decisively winning support from women who owned a cat but not a dog. Still, those voters were a relatively small slice of the electorate, and pet owners as a whole did not seem to hold Vance's remarks against the GOP ticket. Childless or not, women who only owned a cat were more likely to support Harris than were dog owners, or voters who had a cat and a dog. About 6 in 10 women who owned a cat but not a dog supported Harris, according to AP VoteCast. She did similarly well among women who did not own either kind of pet.
How major US stock indexes fared Friday, 11/22/2024F1 closer to approving expanded grid for GM entry
UNITY TOWNSHIP, Pa. — The search for a woman who is believed to have fallen into a sinkhole in western Pennsylvania shifted to a recovery effort after two treacherous days of digging through mud and rock produced no signs of life, authorities said Wednesday. Pennsylvania State Police spokesperson Trooper Steve Limani said during a news conference that authorities no longer believe they will find 64-year-old Elizabeth Pollard alive, but the search for her remains continues. “We’ve had no signs of any form of life or anything” to make rescuers think they should “continue to try and push and rush and push the envelope, to be aggressive with the potential of risking harm to other people,” Limani said. He noted oxygen levels below ground were insufficient. Emergency crews and others have tried to locate Pollard for two days. Her relatives reported her missing early Tuesday and her vehicle with her unharmed 5-year-old granddaughter inside was found about two hours later, near the sinkhole above a long closed, crumbling mine. Rescue workers continue to search for Elizabeth Pollard, who is believed to have disappeared in a sinkhole while looking for her cat, Wednesday in Marguerite, Pa. Gene J. Puskar, Associated Press “We feel like we failed,” Limani said of the decision to change the status of the effort from a rescue to a recovery. “It’s tough.” Limani praised the crews who went into the abandoned mine to help remove material in the search for Pollard in the village of Marguerite, about 40 miles east of Pittsburgh.. “They would come out of there head to toe covered in mud, exhausted. And while they were getting pulled up, the next group’s getting dropped in. And there was one after the next after the next,” Limani said. Authorities said earlier that the roof of the mine collapsed in several places and was not stable. “We did get, you know, where we wanted, where we thought that she was at. We’ve been to that spot," Pleasant Unity Fire Chief John Bacha, the incident's operations officer, said earlier Wednesday. “What happened at that point, I don’t know, maybe the slurry of mud pushed her one direction. There were several different seams of that mine, shafts that all came together where this happened at.” Searchers used electronic devices and cameras as surface digging continued with the use of heavy equipment, Bacha said. In coming days, they plan to greatly widen the surface hole, with winter weather forecast in the region. Listen now and subscribe: Apple Podcasts | Spotify | RSS Feed | SoundStack | All Of Our Podcasts Rescue workers search through the night in a sinkhole for Elizabeth Pollard, who disappeared while looking for her cat, Tuesday in Marguerite, Pa. Gene J. Puskar, Associated Press Sinkholes occur in the area because of subsidence from coal mining activity. Rescuers used water to break down and remove clay and dirt from the mine, which has been closed since the 1950s. Crews lowered a pole camera with a sensitive listening device into the hole, but it detected nothing. Another camera lowered into the hole showed what could be a shoe about 30 feet below the surface, Limani said Tuesday. Searchers also deployed drones and thermal imaging equipment to no avail. Pollard's family called police about 1 a.m. Tuesday to say she had not been seen since going out at about 5 p.m. Monday to search for Pepper, her cat. The temperature dropped well below freezing that night. Limani said the searchers met with her family before announcing the shift from rescue to recovery. Pollard's son, Axel Hayes, described her as a happy woman who liked going out to have fun. She and her husband adopted Hayes and his twin brother when they were infants. She used to work at Walmart but recently was not employed. Hayes called Pollard “a great person overall, a great mother” who “never really did anybody wrong.” He said at one point Pollard had about 10 cats. “Every cat that she’s ever come in contact with, she has a close bond with them,” Hayes said. The top of a sinkhole is seen Tuesday in the village of Marguerite, Pa., where rescuers searched for a woman who disappeared. Pennsylvania State Police Police said they found Pollard's car parked behind Monday's Union Restaurant in Marguerite, about 20 feet from the sinkhole. Hunters and restaurant workers in the area said they had not noticed the manhole-size opening in the hours before Pollard disappeared, leading rescuers to speculate the sinkhole was new. Pollard lived in a small neighborhood across the street from where her car and granddaughter were found by state police. It's unclear what happened to the cat. In an era of rapid technological advancement and environmental change, American agriculture is undergoing a revolution that reaches far beyond the farm gate. From the food on consumer plates to the economic health of rural communities, the transformation of U.S. farming practices is reshaping the nation's landscape in ways both visible and hidden. LandTrust explores how these changes impact everyone, whether they live in the heartland or the heart of the city. The Changing Face of American Farms The image of the small family farm, while still a reality for many, is increasingly giving way to larger, more technologically advanced operations. According to the USDA, the number of farms in the U.S. has fallen from 6.8 million in 1935 to about 2 million today, with the average farm size growing from 155 acres to 444 acres. This shift has profound implications for rural communities and the food system as a whole. Despite these changes, diversity in farming practices is on the rise. A landmark study published in Science , involving data from over 2,000 farms across 11 countries, found that diversifying farmland simultaneously delivers environmental and social benefits. This challenges the longstanding idea that practices boosting biodiversity must come at a cost to yields and food security. Technology Revolution on the Farm The adoption of precision agriculture technologies is transforming how farmers manage their land and resources. GPS-guided tractors, drone surveillance, and AI-powered crop management systems are becoming commonplace on many farms. These technologies allow farmers to apply water, fertilizers, and pesticides with pinpoint accuracy, reducing waste and environmental impact while improving yields. However, the digital divide remains a challenge. More than 22% of rural communities lack reliable broadband internet access, hindering the widespread implementation of AI and other advanced technologies in agriculture. The Economic Tightrope: Challenges Facing Modern Farmers While technology offers new opportunities, farmers are also facing significant economic challenges. The USDA's 2024 farm income forecast projects a 4.4% decline in net farm income from 2023, following a sharp 19.5% drop from 2022 to 2023. This financial pressure is compounded by rising production costs and market volatility. Climate variability adds another layer of complexity. Extreme weather events, changing precipitation patterns, and shifting growing seasons are forcing farmers to adapt quickly. These factors could reduce agricultural productivity by up to 25% over the coming decades without significant adaptation measures. But adapting requires additional financial resources, further straining farm profitability. Diversification: A Lifeline for American Farms In the face of these challenges, many farmers are turning to diversification as a strategy for resilience and profitability. The Science study mentioned earlier found that farms integrating several diversification methods supported more biodiversity while seeing simultaneous increases in human well-being and food security. Agritourism is one popular diversification strategy. In 2022, 28,600 U.S. farms reported agritourism income, averaging gross revenue of $44,000 from these activities. Activities like farm tours, pick-your-own operations, and seasonal festivals not only provide additional income but also foster a deeper connection between consumers and agriculture. From Farm to Table: The Consumer Connection The changing face of agriculture is directly impacting consumers. The rise of farm-to-table and local food movements reflects a growing interest in where our food comes from and how it's produced. If every U.S. household spent just $10 per week on locally grown food, it would generate billions of dollars for local economies. However, the larger challenges in agriculture can also lead to price fluctuations at the grocery store. The USDA's Economic Research Service projects that food-at-home prices will increase between 1.2% and 2.2% in 2024. The Future of Farming: Opportunities and Innovations Looking ahead, several innovations are poised to reshape agriculture: Sustainable farming practices : Cover cropping, no-till farming, and precision agriculture are gaining traction. These practices can reduce soil erosion by up to 90% compared to conventional tillage. Genetic engineering : CRISPR and other gene-editing technologies offer the potential to develop crops with enhanced nutritional profiles and resistance to pests and diseases. Alternative protein sources : The market for plant-based and lab-grown meat alternatives is projected to reach $30 billion by 2030. Conclusion: A Call to Action The transformation of American agriculture affects everyone, from the food we eat to the health of our environment and rural communities. Consumers have the power to support sustainable and diverse farming practices through our purchasing decisions. As citizens, they can advocate for policies that support farmers in adopting innovative and sustainable practices. The challenges facing agriculture are complex, but they also present opportunities for innovation and positive change. By understanding and engaging with these issues, everyone can play a part in shaping a more resilient, sustainable, and equitable food system for the future. This story was produced by LandTrust and reviewed and distributed by Stacker. LandTrust
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