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Uber Ordered to Pay $8.5 Million in Passenger Sexual Assault Case

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Uber Ordered to Pay $8.5 Million in Passenger Sexual Assault Case

Uber UBER -0.59%decrease; red down pointing triangle Technologies was ordered to pay $8.5 million in compensatory damages after a jury found the company liable for the 2023 sexual assault of a 19-year-old passenger.

The passenger, Jaylynn Dean, was picked up by Uber driver Hassan Turray shortly after midnight on Nov. 15, 2023 while she was alone and intoxicated. Turay then stopped the ride and assaulted Dean in the backseat while she was incapacitated, Dean’s lawyers said Friday, citing testimony and evidence from the trial.

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Revenge of the Real. Why Energy, Materials and Staples Stocks Are Beating the Market.

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Revenge of the Real. Why Energy, Materials and Staples Stocks Are Beating the Market.

Revenge of the Real. Why Energy, Materials and Staples Stocks Are Beating the Market.

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The Stocks That Punch Above Their Weight in the Dow

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Home Depot is one of the most heavily weighted stocks in the Dow industrials because of its relatively high price.

Some professional investors look at the Dow industrials with a bit of suspicion since the largest companies by market value aren’t given the biggest weight in the index, as is the case for other benchmarks like the S&P 500 and Nasdaq composite.

The top five stocks by market cap in the 30-stock Dow are Nvidia, Apple, Microsoft, Amazon and Walmart. They would represent 69% of the index if it were market-cap weighted.

As it stands under the Dow’s methodology of giving more weight to higher priced stocks, the top five are Goldman Sachs, Caterpillar, Microsoft, Home Depot and Amgen. They make up about 35% of the index.

Home Depot has a weighting of about 4.7% in the blue-chip average, according to Dow Jones Market Data. If the Dow were sorted by market cap, its weighting would be only 1.7%.

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Sharplink Stock: An Unfairly Penalized Ethereum Treasury Company (NASDAQ:SBET)

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Sharplink Stock: An Unfairly Penalized Ethereum Treasury Company (NASDAQ:SBET)

This article was written by

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.

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How Much Money Follows the Dow?

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Xavier Martinez hedcut

How Much Money Follows the Dow?

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American Express Saves Taxes in (Not New) Jersey

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David Uberti hedcut

American Express lowered its corporate income taxes by $241 million through operations on the island of Jersey in 2025, the company reported in a securities filing on Friday. The company didn’t have a similar disclosure for 2024, but new accounting rules are requiring corporations to report more granular details now.

Jersey, located in the English Channel, has a population of about 104,000. It’s a Crown Dependency that’s governed separately from the United Kingdom.

The $241 million is the combination of two factors: Jersey’s low corporate income tax rate (0% for most companies) and the 15% income tax it created as part of the global agreement to impose corporate minimum taxes. Without the Jersey effect, American Express’s tax rate would have been 1.8 percentage points higher.

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Hims & Hers pulls Wegovy knockoff drug after FDA regulatory threat

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Hims & Hers pulls Wegovy knockoff drug after FDA regulatory threat

Following threats from the Food and Drug Administration (FDA) that it would take “decisive” action against companies selling “illegal copycat drugs,” telehealth company Hims & Hers announced it would pull the launch of its knockoff Wegovy weight loss drug.

“Since launching the compounded semaglutide pill on our platform, we’ve had constructive conversations with stakeholders across the industry,” Hims & Hers said on Saturday. “As a result, we have decided to stop offering access to this treatment.”

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The FDA named checked Hims & Hers in its Friday announcement, saying, “These actions are aimed to safeguard consumers from drugs for which the FDA cannot verify quality, safety, or efficacy.  We take seriously any potential violations of the Federal Food, Drug, and Cosmetic Act.”

Hims & Hers’ decision also comes as Novo Nordisk threatened to take legal action over the cheaper version of its weight loss pill, which has not been approved by the FDA or gone through clinical trials.

NEW WEGOVY PILL OFFERS NEEDLE-FREE WEIGHT LOSS BUT MAY NOT WORK FOR EVERYONE

The New York Stock Exchange with a Hims and Hers banner on it

Hims & Hers Health, Inc., is featured outside the New York Stock Exchange, Jan. 21, 2021. (Reuters/Carlo Allegri / Reuters)

Hims & Hers announced Thursday that it would begin selling its compounded version of Novo’s Wegovy at an introductory price of $49 a month, which is around $100 less than the original, and the lowest price for a GLP-1 weight loss drug on the U.S. market.

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Ticker Security Last Change Change %
HIMS HIMS & HERS HEALTH INC 23.02 -0.46 -1.96%

Compounded drugs involve pharmacies mixing ingredients for certain specialized drugs at different dosages to make a copycat drug. The process has increased in the U.S. as Americans want lower-priced medications.

Shares of Novo first fell after the Hims announcement on Thursday, but then recovered and Hims’ shares fell after the FDA announcement on Friday.

PFIZER CEO ADDRESSES GROWING COMPETITION IN WEIGHT-LOSS DRUGS

Novo Nordisk sign

Pharmaceutical company Novo Nordisk headquarters in Bagsvaerd, Copenhagen, Denmark. (Reuters/Tom Little/File Photo)

Hims didn’t say whether it planned to keep selling its compounded GLP-1 injection on its website.

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Novo and Hims previously had a partnership that allowed Hims to sell Wegovy, but Novo pulled out after accusing Hims marketing knockoff Wegovy drugs.

Hims’ CEO Andrew Dudum accused Novo of attempting to control how clinicians at Hims make decisions.

Reuters contributed to this report. 

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Tech Had an Awful Earnings Season. Other Stocks Are Saving the Day.

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Tech Had an Awful Earnings Season. Other Stocks Are Saving the Day.

Tech Had an Awful Earnings Season. Other Stocks Are Saving the Day.

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Toddler was returned to ICE custody and denied medication after hospitalization, lawsuit says

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Toddler was returned to ICE custody and denied medication after hospitalization, lawsuit says

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The AI Bet That Investors Still Love

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The AI Bet That Investors Still Love

The AI Bet That Investors Still Love

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AI Fears Slam Booking and Expedia Stock. Why They Can Bounce Back.

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AI Fears Slam Booking and Expedia Stock. Why They Can Bounce Back.

AI Fears Slam Booking and Expedia Stock. Why They Can Bounce Back.

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