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Instablog9ja
55 m
10
Mild drama unfolded at the Federal High Court in Abuja on Friday morning, November 1, when several teenagers arraigned by the Nigeria Police fainted, reportedly due to hunger.
The defendants, primarily teenagers, are being charged with 10 counts of t£rrorism, an attempt to overthrow the government, and alleged mutiny for their participation in the #EndBadGovernance protest that occurred from August 1st to 10th.
One of the defense lawyers, Marshall Abubakar, disclosed that the defendants were charged in two batches of 76 and 49.
However, few minutes after the first batch was called, the defendants were mounting the dock when some of them suddenly collapsed, causing confusion in court, a development that made the judge to suspend proceedings.
“A couple of them fainted inside the courtroom because of maltreatment, they haven’t eaten for some days,” a source told SaharaReporters.
The detention of the teenagers was ordered by Justice Emeka Nwite, who granted an ex-parte application by the police to keep them in custody for 60 days to conclude their ‘investigation’ against the protesters.
SaharaReporters learnt that 13 of them were brought to court from IRT cells while others were brought from cells scattered around other Abuja divisions.
NB: We can’t post the VIDEO due to IG community guidelines. However, you can click the link in our bio to watch the video.
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Investopedia 2 hrs 13
Shares in Robinhood Markets (HOOD) plunged Thursday after the online brokerage missed Wall Street’s quarterly revenue expectations due to a customer promotion program.
The company, which posted third-quarter revenue of $637 million, below the $653.1 million consensus estimate of analysts polled by Visible Alpha, said revenues were reduced by $27 million in the period "due to matches paid to customers on transfers and deposits."
Robinhood shares were down 17% at around $23.50 in late trading Thursday. Despite the decline, the stock has gained 85% since the start of the year, boosted by a recovery in retail trading volumes and the recent announcement of new products at its HOOD Summit 2024 event.
Below, we break down Robinhood’s chart and use technical analysis to identify important post-earnings price levels to watch out for.
Since breaking out above the top trendline of an ascending triangle earlier this month, Robinhood shares continued tracking higher ahead of the company’s quarterly report.
However, that recent bullish price momentum came to a halt Thursday, with the stock giving back three weeks of gains.
Let’s point out three key support levels that investors may be watching and forecast a chart-based upside price target to monitor if the stock makes a recovery.
Firstly, it’s worth keeping an eye on the $24 level, a location on the chart where the shares could attract buying interest near the ascending triangle’s top trendline. This area, which has provided resistance on several occasional between June and September, may now flip into a key support region.
The bulls’ failure to defend this area could see the shares fall to around $22, where the price may encounter support from a horizontal line connecting a range of similar trading levels on the chart from late May to early October.
A more bearish move could trigger a move down to the $20.50 area. Investors may look for entry points near a trendline at this level linking the March peak with a series of price action between May and September.
If Robinhood shares make a recovery, investors can forecast a potential bullish price target using the measuring principle, a technique that analyzes prior price moves to project future moves.
In this case, we calculate the depth of ascending triangle near its widest section and add that amount to the pattern’s breakout point. For instance, we add $7.50 to $24, which projects a target of $31.50, an area where investors may decide to lock in profits.
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Healthwatch
2 hrs
15
It's an unfortunate reality: all medicines can cause side effects. While there are a few tried-and-true ways to deal with drug side effects, here's a less common option to consider: adding a second medication.
That's the approach taken with valbenazine (Ingrezza), a drug approved for a condition called tardive dyskinesia that's caused by certain medicines, most of which are for mental health. Let's dive into what TD is, how this drug is advertised, and what else to consider if a medicine you take causes TD.
What is tardive dyskinesia?
Tardive dyskinesia (TD) is a condition marked by involuntary movements of the face or limbs, such as rapid eye blinking, grimacing, or pushing out the tongue. TD is caused by long-term use of certain drugs, many of which treat psychosis.
TD may be irreversible. Early recognition is key to improvement and preventing symptoms from getting worse. If you take antipsychotic medicines or other drugs that can cause TD, tell your prescribing health care provider right away about any worrisome symptoms.
A sidewalk sale, a cookout in the park, and a pitch
One ad for Ingrezza starts with a young man working with customers at a sidewalk sale. Though his mental health is much better, he says, now he's suffering with TD, a condition "that can be caused by some mental health meds." A spotlight shines on his hands as he fumbles and drops an instant camera he's selling. He seems embarrassed and his customers look perplexed.
Next we see a young woman at a cookout in a park. The mysterious spotlight is trained on her face as she blinks and grimaces involuntarily. Her voiceover explains that she feels like her involuntary movements are "always in the spotlight."
Later these two happily interact with others, their movement problems much improved. A voiceover tells us Ingrezza is the #1 treatment for adults with TD. The dose — "always one pill, once a day" — can improve unwanted movements in seven out of 10 people. And people taking Ingrezza can stay on most mental health meds.
That's the pitch. The downsides come next.
What are the side effects of this drug to control a side effect?
As required by the FDA, the ad lists common and serious side effects of Ingrezza, including
That's right, one possible side effect is abnormal movements — a symptom this drug is supposed to treat!
What the ad gets right
The ad
What else should you know?
Unfortunately, the ad skims over — or entirely skips — some important details. Below are a few examples.
Which medicines cause TD?
We never learn which medicines can cause TD (especially when used long-term), which seems vital to know. Many, but not all, are used to help treat certain mental health disorders, such as schizophrenia or bipolar disorder. Here are some of the most common.
Mental health medicines:
Other types of medicines:
Also, the ad never explains that TD may be irreversible regardless of treatment. Because improvement is most likely if caught early, it's important for people taking these medicines to check in with their health provider if they notice TD symptoms described above — especially if symptoms are growing worse.
What about effectiveness and cost?
Seven in 10 people reported that their symptoms improved, according to the ad. How much improvement? That wasn't shared. But here's what I found in a key study:
What happens after six weeks? A few small follow-up studies suggest that some people who continue taking Ingrezza may improve further over time.
And the cost? That's also never mentioned in the ad. It's about $8,700 a month. No details on the financial assistance program, or who qualifies for free treatment, are provided.
Are there other ways to manage TD?
Well, yes. But the ad doesn't mention those either. Three approaches to discuss with your healthcare provider are:
If you have TD, you and your health care provider can consider several options:
The bottom line
The idea of treating a drug's side effect with another drug may not be appealing. Certainly, it makes sense to try other options first.
But sometimes there are no better options. It's always worth asking whether a treatment is worse than the disease. But TD is one situation in which all options — including a drug treatment for another drug's side effects — are well worth considering.
Source: Harvard Health Publishing
Instablog9ja
5 hrs
10
The Federal Government has issued a nine-month ultimatum to individuals that are keeping dollars outside the banking system.
The minister of Finance and Coordinating Minister of the Economy, Wale Edun disclosed this while briefing journalists at the end of the National Economic Council, NEC, presided over by the Vice President, Senator Kashim Shettima, at the Council Chamber, Presidential Villa, Abuja.
According to him, “One element of the cost increase is the foreign exchange rate, and that is demand and supply. There is going to be a release today, details by the federal government through the Ministry of Finance, in conjunction with the Central Bank, a programme, starting today, 31st of October, and lasting nine months, that will allow people to bring in cash that is outside the banking system.
Therefore it is unsafe, it is unsecure and it is outside of legal limits. They will allowed forbearance to bring dollars cash. Let me emphasize once again, it is to bring dollars that they are holding outside the system to be able to bring them in and credit it to their bank accounts, as long as it is not proceeds of crime, illicit money. There will be no penalty, there will be no taxes, there will be no questions.
They just meet the normal ‘Know Your Customer’ criteria of banks and they have an opportunity to bring in those funds, make them safe, make them secure, and make them available through normal, economic activity.
The details of that, the guidelines of that, will be released, first of all, the announcement by the Ministry of Finance and the guidelines later will follow very quickly by Central Bank.
That is an opportunity, not just for people who would normally like to comply, to be compliant with the laws and normal business practice, but of course, it gives us an opportunity to bring those dollars from where they are doing nothing to where they are within the financial system, they add to our reserves, and of course can help with the exchange rate”.
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Investopedia
9 hrs
9
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Rising demand for used cars helped online used-vehicle retailer Carvana (CVNA) blow away profit and sales estimates and boost its full-year outlook. The company's shares soared Thursday.
Carvana late Wednesday reported third-quarter earnings per share (EPS) of 64 cents, nearly three times higher than the estimate from analysts surveyed by Visible Alpha. Revenue jumped about 32% to $3.66 billion, also above forecasts. Retail units sold increased 34% to 108,651.
Carvana said it set records for adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), adjusted EBITDA margin, and GAAP operating income.
Carvana reported that adjusted EBITDA reached $429 million and an adjusted EBITDA margin of 11.7%, showcasing improved profitability. The company also achieved $337 million in GAAP operating income, marking its highest operating profit.
Founder and CEO Ernie Garcia said, “Q3 experienced strong customer demand similar to that of Q1 and Q2,” and in a shareholder letter detailed the company’s strategy to grow retail units and revenue, boost gross profit per unit, and demonstrate operating leverage.
Carvana expects full-year adjusted EBITDA to be “significantly above” the high end of its previous outlook of $1.0 billion to $1.2 billion.
Shares of Carvana skyrocketed to their highest level in almost three years on Thursday, trading up 22% at $253.18 recently.
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Investopedia
13 hrs
15
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The job market likely slowed down in October, partly because of the impacts of hurricanes Helene and Milton.A highly anticipated report on the job market from the Bureau of Labor Statistics Friday will likely show U.S. employers added 110,000 jobs in October, a sharp slowdown from 254,000 in September, according to a survey of economists by and . The median forecast calls for the unemployment rate to hold steady at 4.1%, not a high level by historical standards but above the 50-year lows reached last year.
The deceleration in job growth could represent the impact of hurricanes Helene and Milton, which temporarily threw many people out of work. This could make it more challenging than usual for experts to determine what the monthly report says about the longer-term health of the job market and the economy.Just ahead of the report, other data hinted the effect of the hurricanes could be smaller than previously thought. The number of new unemployment claims dipped last week, falling to 216,000 from 228,000 the week before, hitting its lowest since May, the Department of Labor said Thursday. The dropoff suggested the impact of the storms on the job market faded quickly, Oliver Allen, senior U.S. economist at Pantheon Macroeconomics, said in a commentary.The October report comes at a crucial time: it will be the last major economic report before the general election and the Federal Reserve policy committee's next meeting in November. At that meeting, officials must decide whether and how much to cut the central bank's key fed funds rate to help boost the economy and prevent a spike in unemployment.Fed officials cut the influential fed funds rate at their last meeting in September after months of economic data showed inflation is cooling while the job market is slowing down. The Fed had held the rate at a two-decade high, pushing up borrowing costs on all kinds of loans to subdue the surge of inflation that welled up in 2021 as the economy reopened from the pandemic. The Fed cut rates partly out of concern that a recent hiring slowdown could worsen and lead to severe layoffs.
Official reports of the job market are a crucial barometer for the Fed, which seeks to keep employment at a high level while also keeping a lid on inflation.
Should job creation grind to a halt or reverse itself, the Fed could cut the fed funds rate faster and further. Steep rate cuts would push down interest rates on all kinds of loans, including mortgages, credit cards, and car loans, possibly boosting the economy and the job market.Should the report match expectations, the slowdown wouldn't be enough to spur faster rate cuts, several economists said. Financial markets are pricing in a 94.8% chance the Fed will cut the fed funds rate by 0.25 percentage points at their next meeting to a range of 4.5% to 4.75%, according to the CME Group's FedWatch tool, which forecasts rate movements based on fed funds futures trading data.In addition to the hurricanes, a strike at Boeing throws another wild card into the data, potentially reducing the hiring figures further. Given all the noise, it might take a major deviation from expectations to shift Fed officials from the path of slow-and-steady rate cuts that markets currently anticipate."We expect policymakers will look past modest surprises in this report," David Seif, chief economist for developed markets at Nomura, wrote in a commentary.If forecasts are accurate, October would be one of the slowest months of job creation in the last three years. The U.S. economy has added jobs every month since January 2021, and only one month (April 2024) gained fewer than 110,000 since then.
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