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Media Movers: Paul ‘Fatty’ Vautin, Jenni Dill, Michael Rowland, Angela Robinson, Neil Griffiths and Jack CastlesAP News Summary at 6:26 p.m. EST
MadamLead/iStock via Getty Images Today, we put Rhythm Pharmaceuticals, Inc. ( NASDAQ: RYTM ) in the spotlight for the first time since the early summer of 2023 . The stock has made a nice move up recently. The company also has several key Live Chat on The Biotech Forum has been dominated by discussion of lucrative buy-write or covered call opportunities on selected biotech stocks over the past several months. To see what I and the other season biotech investors are targeting as trading ideas real-time, just join our community at The Biotech Forum by clicking HERE . Bret Jensen has over 13 years as a market analyst, helping investors find big winners in the biotech sector. Bret specializes in high beta sectors with potentially large investor returns. Bret leads the investing group The Biotech Forum , in which he and his team offer a model portfolio with their favorite 12-20 high upside biotech stocks, live chat to discuss trade ideas, and weekly research and option trades. The group also provides market commentary and a portfolio update every weekend. Learn More . Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Some tech industry leaders are pushing the incoming Trump administration to increase visas for highly skilled workers from other nations. Related Articles National Politics | Trump threat to immigrant health care tempered by economic hopes National Politics | In states that ban abortion, social safety net programs often fail families National Politics | Court rules Georgia lawmakers can subpoena Fani Willis for information related to her Trump case National Politics | New 2025 laws hit hot topics from AI in movies to rapid-fire guns National Politics | Trump has pressed for voting changes. GOP majorities in Congress will try to make that happen The heart of the argument is, for America to remain competitive, the country needs to expand the number of skilled visas it gives out. The previous Trump administration did not increase the skilled visa program, instead clamping down on visas for students and educated workers, increasing denial rates. Not everyone in corporate America thinks the skilled worker program is great. Former workers at IT company Cognizant recently won a federal class-action lawsuit that said the company favored Indian employees over Americans from 2013 to 2022. A Bloomberg investigation found Cognizant, and other similar outsourcing companies, mainly used its skilled work visas for lower-level positions. Workers alleged Cognizant preferred Indian workers because they could be paid less and were more willing to accept inconvenient or less-favorable assignments. Question: Should the U.S. increase immigration levels for highly skilled workers? Caroline Freund, UC San Diego School of Global Policy and Strategy YES: Innovation is our superpower and it relies on people. Sourcing talent from 8 billion people in the world instead of 330 million here makes sense. Nearly half our Fortune 500 companies were founded by immigrants or their children. Growing them also relies on expanding our skilled workforce. The cap on skilled-worker visas has hardly changed since the computer age started. With AI on the horizon, attracting and building talent is more important than ever. Kelly Cunningham, San Diego Institute for Economic Research YES: After years of openly allowing millions of undocumented entrants into the country, why is there controversy over legally increasing somewhat the number having desirable skills? Undocumented immigration significantly impacts lower skill level jobs and wages competing with domestic workers at every skill level. Why should special cases be made against those having higher skills? Could they just not walk across the border anyway, why make it more inconvenient to those with desirable skills? James Hamilton, UC San Diego YES: Knowledge and technology are key drivers of the U.S. economy. Students come from all over the world to learn at U.S. universities, and their spending contributed $50 billion to U.S. exports last year. Technological advantage is what keeps us ahead of the rest of the world. Highly skilled immigrants contribute much more in taxes than they receive in public benefits. The skills immigrants bring to America can make us all better off. Norm Miller, University of San Diego YES: According to Forbes, the majority of billion-dollar startups were founded by foreigners. I’ve interviewed dozens of data analysts and programmers from Berkeley, UCSD, USD and a few other schools and 75% of them are foreign. There simply are not enough American graduates to fill the AI and data mining related jobs now exploding in the U.S. If we wish to remain a competitive economy, we need highly skilled and bright immigrants to come here and stay. David Ely, San Diego State University YES: Being able to employ highly skilled workers from a larger pool of candidates would strengthen the competitiveness of U.S. companies by increasing their capacity to perform research and innovate. This would boost the country’s economic output. Skilled workers from other nations that cannot remain in the U.S. will find jobs working for foreign rivals. The demand for H-1B visas far exceeds the current cap of 85,000, demonstrating a need to modify this program. Phil Blair, Manpower YES: Every country needs skilled workers, at all levels, to grow its economy. We should take advantage of the opportunity these workers provide our employers who need these skills. It should be blended into our immigration policies allowing for both short and long term visas. Gary London, London Moeder Advisors YES: San Diego is a premiere example of how highly skilled workers from around the globe enrich a community and its regional economy. Of course Visa levels need to be increased. But let’s go further. Tie visas and immigration with a provision that those who are admitted and educated at a U.S. university be incentivized, or even required, to be employed in the U.S. in exchange for their admittance. Bob Rauch, R.A. Rauch & Associates NO: While attracting high-skilled immigrants can fill critical gaps in sectors like technology, health care and advanced manufacturing, increasing high-skilled immigration could displace American workers and drive down wages in certain industries. There are already many qualified American workers available for some of these jobs. We should balance the need for specialized skills with the impact on the domestic workforce. I believe we can begin to increase the number of visas after a careful review of abuse. Austin Neudecker, Weave Growth YES: We should expand skilled visas to drive innovation and economic growth. Individuals who perform high-skilled work in labor-restricted industries or graduate from respected colleges with relevant degrees should be prioritized for naturalization. We depend on immigration for GDP growth, tax revenue, research, and so much more. Despite the abhorrent rhetoric and curtailing of visas in the first term, I hope the incoming administration can be persuaded to enact positive changes to a clearly flawed system. Chris Van Gorder, Scripps Health YES: But it should be based upon need, not politics. There are several industries that have or could have skilled workforce shortages, especially if the next administration tightens immigration as promised and expected. Over the years, there have been nursing shortages that have been met partially by trained and skilled nurses from other countries. The physician shortage is expected to get worse in the years to come. So, this visa program may very well be needed. Jamie Moraga, Franklin Revere NO: While skilled immigration could boost our economy and competitiveness, the U.S. should prioritize developing our domestic workforce. Hiring foreign nationals in sensitive industries or government-related work, especially in advanced technology or defense, raises security concerns. A balanced approach could involve targeted increases in non-sensitive high-demand fields coupled with investment in domestic STEM education and training programs. This could address immediate needs while strengthening the long-term STEM capabilities of the American workforce. Not participating this week: Alan Gin, University of San DiegoHaney Hong, San Diego County Taxpayers AssociationRay Major, economist Have an idea for an Econometer question? Email me at phillip.molnar@sduniontribune.com . Follow me on Threads: @phillip020
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SAN DIEGO (AP) — Mark Few liked what he saw unfold at San Diego State's Viejas Arena when his No. 3 Gonzaga Bulldogs made their first foray outside of Spokane, Washington, this season. A double-digit victory in a packed, loud arena. Toughness from a deep, experienced lineup that once again is driven to win an elusive national championship. And, peeking a few seasons ahead, he saw an SDSU team that he views more as a future Pac-12 partner than rival. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get any of our free email newsletters — news headlines, obituaries, sports, and more.
The National Football League is enjoying strong viewership for the 2024 season with some records set on Thanksgiving Day, news that streaming giant Netflix Inc NFLX likely welcomes as the company may be nervous after struggles with its live boxing event. What Happened: While many people will be opening presents and enjoying time with families on Christmas Day, many will also tune into Netflix for two exclusive NFL games , similar to how they celebrated on Thanksgiving. Netflix will stream its first-ever live NFL games on Christmas with two key matchups that could once again highlight the streaming giant's growth in sports. At 1 p.m. ET, the Pittsburgh Steelers and Kansas City Chiefs game will stream on Netflix, followed by the 4:30 p.m. ET matchup between the Baltimore Ravens and Houston Texans. NFL viewership has been good for the 2024 season, which could be good and bad for Netflix as the company struggled during its recent live boxing event that featured a headline match between Jake Paul and Mike Tyson. Netflix reported that over 60 million homes tuned into the boxing event, with a peak of 65 million. That event saw hundreds of thousands of people report issues with the stream and a class action lawsuit filed against the company. The NFL recently reported the three games that aired on Thanksgiving set a new all-time record, with data dating back to 1988. The three games had 141 million viewers, a new record and an average of 34.2 million viewers per game, another record. The early game between the Detroit Lions and Chicago Bears on CBS, a unit of Paramount Global PARA PARAA , set a record with 37.5 million viewers, the highest average for the early Thanksgiving Day game. The midday game between the Dallas Cowboys and New York Giants on FOX, a unit of Fox Corp FOX FOXA , averaged 38.8 million viewers, making it the fourth most watched Thanksgiving Day game ever and fifth most watched regular season NFL game ever. Read Also: Netflix To Become ‘Default Choice’ For TV, Movies? Analyst Predicts More Live Sports, Price Increases Why It's Important: Thanksgiving Day games have long been highly watched given the event-driven nature of the games on a holiday with people off work and watching games together. This could be similar on Christmas, which means Netflix could be in store for high viewership for its inaugural NFL games. For comparison, Amazon.com Inc AMZN has the exclusive streaming rights to Thursday Night Football games and is averaging 13.3 million viewers for those games this season, up 8% year-over-year. Amazon also streamed an exclusive game on Black Friday for the second straight year. The matchup between the Las Vegas Raiders and Kansas City Chiefs averaged 13.51 million viewers, up 41% year-over-year. The high viewership, which is above Amazon's average, came with a close battle and the Chiefs surviving a last-minute push from the Raiders. The Chiefs are the most-watched NFL team this season, having some of the more popular games and the highest average across national television games. For Netflix the odds are likely stacked for and against the company to have huge viewership, the big question is if the company can handle the demand and show the games without the same troubles it had during the boxing event. The Chiefs (11-1), Steelers (9-3), Ravens (8-5) and Texans (8-5) are among the best teams in the NFL with each team ranking first or second in their division and all four teams currently in the NFL Playoffs if the season ended today. The Texans game will also feature a halftime performance from Beyoncé , adding in potential non-football fan viewership on the holiday. Add it all up and you have two games with top NFL teams, a holiday where people watch sports together, a halftime performance from a global superstar, a game with the top-watched team in the NFL and the potential of Taylor Swift to be present at the Chiefs game and you have must-see television and sports. NFLX Price Action : Netflix stock closed up 0.75% to $917.87 on Thursday after hitting new all-time highs of $927 during the intraday. Netflix stock is up 96% year-to-date in 2024. Read Next: ‘Squid Game’ Season 2 Includes New Games, Contestant With A Crypto Background, Revenge Factor, Political Overtones Photo: Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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