The semiconductor sector was suffering a unanimous selloff to start 2024, the day after posting the best yearly gain in 20 years. The VanEck Semiconductor ETF (SMH) slumped 3.3% in afternoon trading, with all 25 equity components trading lower. The ETF had run up 72.3% in 2023, the best year for the ETF since it soared a record 87.3% in 2003. Tuesday's biggest decliner was Advanced Micro Devices Inc. (AMD) shares, which shed 6.1%. Intel's stock (INTC) took a 4.8% hit, after rocketing 90.1% in 2023, the stock's best year since it hiked up 105.8% in 2003. Meanwhile, the U.S.-listed shares of ASML Holding N.V. (ASML) slid 4.8% to be the third-worst performer in the ETF, after the Netherlands-based chip-equipment maker was reportedly blocked from exporting some equipment to China, amid security concerns expressed by the Netherlands, Japan and the U.S. The best performer in the chip ETF, as well as the S&P 500 , in 2023 was Nvidia Corp.'s stock (NVDA), which rocketed 238.9% to post the best year since the record 308.4% rally in 2001. The stock lost 2.8% in afternoon trading Tuesday.
Tuesday, January 2, 2024
NJ Mayor Boots Bussed Migrants Over 'Major Security Risk'; Biden Busted Giving Chinese Illegals Huge Break
Edison, New Jersey's Democrat Mayor Sam Joshi (D) says he turned a bus full of illegal migrants around because there was no way for local police to know "if any of those 40 individuals were carrying weapons," adding that "they couldn’t be identified."
According to Joshi, this poses "a major security risk. It’s a health risk. And we’re just not going to tolerate that."
Joshi instead plans to send migrants back to the border as opposed to burdening other mayors, Breitbart reports.
WABC New Jersey Reporter Toni Yates stated, “The town of Edison, however, has its own answer: A charter bus to send migrants back to the southern border. The bus that arrived the other night was simply ordered to leave.”
She then played a clip of Joshi saying, “Edison Township Police officers did not know if any of those 40 individuals were carrying weapons, they couldn’t be identified. And that is a major problem. That’s a major security risk. It’s a health risk. And we’re just not going to tolerate that.”
Meanwhile, the Daily Caller reported on Tuesday that the Biden administration 'drastically simplified the vetting process for Chinese illegal immigrants' in April of 2023, according to a US Customs and Border Protection (CBP) email leaked to the outlet.
The April 2023 email, which was sent by a CBP supervisor to a “master list” of about 500 Border Patrol agents, instructs CBP officials to radically reduce the number of interview questions for Chinese migrants apprehended after illegally crossing into the country from roughly 40 to just five. The “headquarters guidance” came as border agents were overwhelmed with near-record numbers of illegal crossings.
"This policy change has accelerated the time it takes to process Chinese illegal immigrants — this doesn’t make America safer," said J.J. Carrell, a retired CBP deputy patrol agent in charge, in a statement to the Caller. "The final result is that dangerous Chinese illegal immigrants will still be released into the U.S."
"This is just the government covering their ass, so they can say they vetted," Carrell continued. "I believe the government recognizes the threat of Chinese soldiers and spies that are pouring into America, and they want to try and identify these individuals. However, the same government does not want to stop the flow of illegal aliens or Chinese nationals — just the ‘bad ones,’ which is impossible."
According to the new guidance, the number of questions that agents are required to ask have been scaled back, thus 'speeding up the flow' of Chinese illegal immigrants into the country, Carrell said, adding that human trafficking operations quickly adapted to the new guidelines, coaching Chinese illegals on how to answer the new, shorter list of CBP questions.
Read the rest of the report here...
So for 5 years the MSM insisted that Trump was a Russian puppet thanks to lies fabricated by Democrat / establishment operatives, yet the Bidens take millions from Chinese entities, and nobody bats an eye when the administration helps funnel unvetted Chinese migrants - an actual national security risk - into the country
MannKind, Sagard Healthcare in Royalty Purchase Agreement for Up to $200 M
- Sagard Healthcare purchased a 1% royalty in Tyvaso DPI® net sales
- Purchase price of $150 million; additional potential milestone payment of up to $50 million
Why NGM Biopharmaceuticals Stock Is Blasting Higher
NGM Biopharmaceuticals, Inc.
The Details:
NGM Biopharmaceuticals confirmed the receipt of the EOI dated Dec. 28 and stated that the company has formed a special committee consisting of disinterested and independent directors to consider the EOI and any other strategic alternatives that may be available to the company.
NGM Bio also stated that the company and the special committee do not intend to comment on or disclose further developments regarding the special committee's consideration of the EOI unless and until it deems further disclosure is appropriate or required, and NGM Bio's stockholders are advised to take no action at this time.
https://www.benzinga.com/news/24/01/36455200/why-ngm-biopharmaceuticals-stock-is-blasting-higher