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6 days ago The Food and Drug Administration (FDA) announced Thursday that it will conduct research on food label symbols that indicate the nutritiousness of a product as another step in its efforts to update the definition of “healthy” as used on product labels. The agency is seeking public comment on its proposed study via the Federal Register by July 6.
The proposed studies, entitled “Quantitative Research on a Voluntary Symbol Depicting the Nutrient Content Claim ‘Healthy’ on Packaged Foods,” seek to explore consumer responses to potential front-of-package (FOP) symbols that manufacturers would have to option to place on labels to indicate the nutrient content claim of “healthy,” according to the agency’s procedural notice. The exploration would include an experimental study and two surveys.
The biggest underweight for foreign portfolio investors (FPIs) in the information technology (IT) sector, where valuations are hovering around record levels. At the end of April, 13.5 per cent of FPIs’ total equity investment was in the IT sector. This is 390 basis points lower than the sector’s weighting in the MSCI India index, according to an analysis by Emkay Alternate and Quantitative Research. Earlier, this year the trailing 12-month price-to-earnings (P/E) ratio for the Nifty IT index surpassed 30x for the first time. Currently, the index trades at a P/E multiple of 28x versus historical average of 20x. Most analysts, however, are positive on the IT sector which has largely moved in lockstep with the benchmark Nifty so far this year.
5 hours ago by David Gura (NPR)
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People walk near the Wall Street Charging Bull statue on July 23, 2020, in New York City. Stocks have rallied during President Biden s first 100 days even as he has promised to raise taxes on corporations and wealthy investors and to go tougher on Wall Street. Image credit: Michael M. Santiago
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President Biden wants to raise taxes on corporations and wealthy investors. His top market regulator has promised a tougher approach. And leading Democrats who control Congress are proud adversaries of moguls and money managers.
David Gura
President Biden wants to raise taxes on corporations and wealthy investors. His top market regulator has promised a tougher approach. And leading Democrats who control Congress are proud adversaries of moguls and money managers.
So, how has the stock market responded?
With a rally that has sent the S&P 500 to an 11% surge in Biden s first 100 days, the best performance by the various versions of the index since Franklin Delano Roosevelt started his first term in 1933,according to an NPR analysis of S&P data. The stock market is on fire, says Greg Valliere, Chief U.S. Policy Strategist at AGF Investments.