The Trump administration is withdrawing a proposal to require cosmetic companies to test their talc-containing products for asbestos, according to a new public notice on Tuesday. The Food and Drug Administration (FDA) said it was withdrawing the Biden-era proposal in a new notice in the federal register. “Good cause exists to withdraw the proposed rule…
https://thehill.com/policy/energy-environment/5622484-fda-talc-asbestos-testing-proposal-withdrawn/
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Why Stocks Don’t Follow Crypto
The post Why Stocks Don’t Follow Crypto appeared com. Have you ever wondered if Bitcoin’s price movements can predict where the stock market is heading? Many investors believe Bitcoin serves as a leading indicator for stocks, but recent analysis reveals this might be a dangerous assumption. Let’s explore why the Bitcoin leading indicator theory doesn’t hold up under scrutiny. What Exactly is a Bitcoin Leading Indicator? A leading indicator typically predicts future economic trends. Some market watchers claim Bitcoin’s price movements foreshadow stock market performance. However, Bloomberg ETF analyst Eric Balchunas has thoroughly debunked this popular misconception. His research shows that Bitcoin’s performance doesn’t reliably signal where stocks are headed. Why Bitcoin Isn’t Predicting Stock Market Moves Balchunas presents compelling evidence against the Bitcoin leading indicator theory. After examining historical data, he discovered something surprising. When Bitcoin declines for one month, the S&P 500 actually has a 62% probability of rising. This directly contradicts the idea that Bitcoin predicts stock market downturns. Consider these key findings: One-month Bitcoin declines don’t correlate with stock market drops The S&P 500 often moves independently of cryptocurrency trends Historical data shows stocks can rise while Bitcoin falls What This Means for Your Investment Strategy Understanding that Bitcoin isn’t a reliable leading indicator changes how you should approach market analysis. Don’t make the mistake of using Bitcoin price movements to predict stock performance. Each market operates with different drivers and influences. Key takeaways for investors: Diversify your analysis Look at multiple indicators Understand market differences Cryptocurrency and stocks have unique characteristics Avoid false correlations Just because two assets move doesn’t mean they’re connected The Real Relationship Between Bitcoin and Stocks While Bitcoin and stocks sometimes move together during major market events, this doesn’t make Bitcoin a leading indicator. Both markets respond to broader economic factors, but their reactions can be completely.
Watch: Tom Cruise’s Honorary Oscar Award Full Acceptance Speech
“You inspire me, you challenge me, and you expand in my mind what I think is possible. You are all my friends.” This right here is a wonderful example of an all-timer acceptance speech, a real masterclass in speaking to your peers and also paying tribute to all those who have paved the way before you. While he has been nominated a few times before, Tom Cruise has never actually won an Oscar. So The Academy decided to give him an honorary Academy Award this year. This special honorary Oscar was presented to Tom at a special event this past weekend called the Governors Awards (and a clip will be shown during the Oscars Ceremony next March). His career in cinema as an actor started in 1981 with the two films: Endless Love and Taps. He has been a remarkable force in the movies ever since, from Top Gun and Mission: Impossible to Eyes Wide Shut and Minority Report and Collateral, and everything else. This is a very touching speech that is worth your time listening to all about the magic of cinema and everyone involved in it. View below. And this tribute to Tom Cruise from filmmaker Alejandro G. Iñárritu (who just made a movie with Tom): This video was posted directly to the Oscars YouTube page for [.].
Packers’ Josh Jacobs Week 12 injury update will leave fantasy football managers waiting
Last Sunday, Josh Jacobs sustained a knee injury in the Green Bay Packers’ 27-20 win over the New York Giants. After initially fearing the worst, the Jacobs injury is not season-ending. Still, there is some concern about his Week 12 status after he missed Wednesday’s practice, as reported by Matt Schneidman. “Josh Jacobs won’t practice [.] The post Packers’ Josh Jacobs Week 12 injury update will leave fantasy football managers waiting appeared first on ClutchPoints.