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Tesla stock ends at record, notching weekly gains of 13%

12/21/2019

Johnson & Johnson agrees to buy Taris Biomedical

Johnson and Johnson JNJ, +0.49% said late Friday it is acquiring Taris Biomedical LLC, a privately owned biotech company focusing on a drug-delivery device for the treatment of bladder diseases, including cancer. The silicone device allows for the continued release of medication into the bladder, the company said. Terms of the deal were not disclosed. Also Friday, Johnson and Johnson said it had agreed to buy the remaining stake in Verb Surgical, a robotics and data science company focusing on digital surgery. Terms were also not disclosed. Johnson and Johnson shares were flat in the extended session after ending the regular trading day up 0.5%. The company earlier this month said that testing had found no asbestos in the bottle of baby powder in which the U.S. Food and Drug Administration found asbestos in October.

Carnival cancels 8 sailings of the Mardi Gras cruise ship after delivery delay

Carnival Corp. CCL, +7.63% said Friday it cancelled the first eight sailings of the cruise ship Mardi Gras in 2020, after the company was informed that the delivery of the ship will be delayed. The stock slipped 0.2% in premarket trading, reversing earlier gains of as much as 0.5%. The ship will now be delivered in late October, with the first "revenue sailing" departing Port Canaveral in Florida on Nov. 14. The first sailing was previously scheduled for Aug. 31. Carnival said it is offering guests impacted by the cancellations a 25% future cruise credit (FCC) in addition to a full refund. If impacted guests rebook cruises by Feb. 18, they will also receive an additional $100 onboard credit per person. Carnival’s stock has lost 3.3% over the past three months through Thursday, while the S&P 500 SPX, +0.49% has gained 7.1%.

BMC Recalls Bicycles And Framesets

BMC recalls about 840 Teammachine SLR01 DISC bicycles and framesets due to risk of fall.

According to the company, the fork steerer tube on the recalled bicycles and framesets can crack or break during use, posing a fall hazard. BMC has received four reports of the fork steerer tube breaking while in use. One customer experiencing a shoulder injury that required hospitalization and surgery, while another customer reported minor scratches and bruising.

BMC has asked the customers to immediately stop using recalled bicycles and contact their local BMC authorized dealer for a free inspection and free replacement fork.

The recall involves all model year 2018 and 2019 Teammachine SLR01 DISC bicycles and framesets. The product is a performance road bike. BMC is printed on the downtube.

The recalled products were sold at authorized BMC bicycle dealers and bicycle stores nationwide from July 2017 through October 2019 for between $4,500 and $12,500.

US STOCKS SNAPSHOT-Wall Street hits highs on trade progress optimism

NEW YORK, Dec 20 (Reuters) – U.S. stocks hit record closing highs again on Friday and the S&P 500 registered its biggest weekly percentage gain since early September after data showed a rise in consumer spending and investors continued to be optimistic over progress in the U.S.-China trade war.

The Dow Jones Industrial Average rose 77.59 points, or 0.27%, to 28,454.55, the S&P 500 gained 15.82 points, or 0.49%, to 3,221.19 and the Nasdaq Composite added 37.74 points, or 0.42%, to 8,924.96. (Reporting by Caorline Valetkevitch; Editing by Sandra Maler)

IHIT to announce arrest in 2 Lower Mainland murders a year apart

Homicide investigators say they’ve made an arrest in two Lower Mainland murders that took place a year apart.

The Integrated Homicide Investigation Team is slated to provide an update at 3 p.m. in the slayings of Jagvir Malhi and Randeep Kang.

Trump tells Bolsonaro U.S. will not impose metals tariffs on Brazil -source

WASHINGTON, Dec 20 (Reuters) – President Donald Trump told Brazilian President Jair Bolsonaro on Friday that the United States would not impose threatened steel and aluminum tariffs on Brazil, a U.S. source familiar with the call said.

Trump announced the tariffs on Brazil and Argentina in a tweet on Dec. 2, accusing the two countries of devaluating their currencies which hurt U.S. farmers. (Reporting by Steve Holland; Writing by Eric Beech; Editing by Mohammad Zargham)

Here’s Who Already Has Qualified For The Next Democratic Debate

The Democratic National Committee on Friday released the qualification criteria for participation in its next debate, and five candidates have already met the threshold.

The Jan. 14 debate in Iowa, hosted by CNN in partnership with The Des Moines Register, will feature any candidates who meet both a polling and a donation requirement. Former Vice President Joe Biden, South Bend, Indiana, Mayor Pete Buttigieg, and Sens. Amy Klobuchar (Minn.), Bernie Sanders (I-Vt.) and Elizabeth Warren (Mass.) have already qualified.

The DNC laid out two ways to qualify for the polling minimums. Candidates must meet either the “Four-Poll Threshold” ― having at least 5% support in at least four polls, either national ones or ones in Iowa, New Hampshire, South Carolina or Nevada ― or the “Early State Polling Threshold” ― having at least 7% support in two of those single-state polls.

To meet the donor minimums, candidates must prove they have “donations from at least (1) 225,000 unique donors; and (2) a minimum of 1,000 unique donors per state in at least 20 U.S. states, U.S. territories, or the District of Columbia,” the DNC said.

The Iowa debate is the first of four in the early primary states. The next three in New Hampshire, Nevada and South Carolina will all take place in February.