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The global pharmaceutical market reached a total value of US$1.38 trillion in 2024, according to Research and Markets, up significantly from the US$888 billion seen just over a decade earlier in 2010.

Experienced and novice investors alike may want to consider pharmaceutical exchange-traded funds (ETFs) as a way to gain exposure to the top pharma companies. Like all ETFs, pharmaceutical ETFs are a good option for those who want to trade a set of assets in the pharmaceutical industry instead of focusing solely on individual pharmaceutical stocks.

The main advantage of a pharmaceutical ETF is the fact that it can provide exposure to an overarching sector, but still trades like a stock. Pharma ETFs also offer less market volatility and lower fees and expenses.

Big pharma ETFs

Many of these funds have diverse holdings across some of the most important sectors in the pharmaceutical industry, including pain therapeutics, oncology, vaccines and biotechnology. Data was gathered on May 6, 2025.

1. VanEck Pharmaceutical ETF (NASDAQ:PPH)

Total assets under management: US$653.61 million

Established in late 2011, the VanEck Pharmaceutical ETF tracks the MVIS US Listed Pharmaceutical 25 Index. It has the capacity to provide big returns, even though there are some risks attached to the ETF. An analyst report indicates that investors looking for ‘tactical exposure’ to the pharma sector might consider this ETF as an investment option.

The ETF has 25 holdings, with the top five being Eli Lilly (NYSE:LLY) at a weight of 12.17 percent, AbbVie (NYSE:ABBV) at 6.48 percent, Johnson & Johnson (NYSE:JNJ) at 6.45 percent, Novartis (NYSE:NVS) at 5.43 percent and Cencora (NYSE:COR) at 5.34 percent.

2. iShares US Pharmaceuticals ETF (ARCA:IHE)

Total assets under management: US$571.51 million

Created on May 5, 2006, this iShares ETF tracks some of the top US pharma companies. In total, the iShares US Pharmaceuticals ETF has 41 holdings, with the vast majority being large-cap stocks.

Of its holdings, Eli Lilly and Johnson & Johnson are by far the largest portions in its portfolio, coming in at weightings of 24.55 percent and 23.38 percent, respectively. The next highest are Royalty Pharma (NASDAQ:RPRX) at 4.93 percent, Zoetis (NYSE:ZTS) at 4.80 percent and Viatris (NASDAQ:VTRS) at 4.57 percent.

3. Invesco Pharmaceuticals ETF (ARCA:PJP)

Total assets under management: US$240.1 million

The Invesco Pharmaceuticals ETF is primarily focused on providing exposure to US-based pharma companies. An analyst report states that this ETF chooses individual securities based on certain investment criteria, namely stock valuation and risk factors. Invesco changed the fund’s name from the Invesco Dynamic Pharmaceuticals ETF in August 2023.

This ETF was started on June 23, 2005, and currently tracks 31 companies. Its top holdings are Abbott Laboratories (NYSE:ABT) with a weight of 5.2 percent, AbbVie at 5.17 percent, Johnson & Johnson at 5 percent, Gilead Sciences (NASDAQ:GILD) at 4.94 percent and Eli Lilly at 4.86 percent.

4. SPDR S&P Pharmaceuticals ETF (ARCA:XPH)

Total assets under management: US$139.14 million

The SPDR S&P Pharmaceuticals ETF came into the market on June 19, 2006, and represents the pharmaceutical sub-industry sector of the S&P Total Markets Index. An analyst report for the ETF suggests that due to its narrow focus — which includes pharma giants that post ‘big returns’ during times of consolidation — it should not be considered for a long-term portfolio.

This pharma ETF tracks 43 holdings, with relatively close weighting among its holdings. XPH’s top five holdings are Corcept Therapeutics (NASDAQ:CORT) with a weight of 5.26 percent, Eli Lilly at 3.99 percent, Royalty Pharma (NASDAQ:RPRX) at 3.98 percent, Zoetis at 3.87 percent and Johnson & Johnson at 3.81 percent.

5. KraneShares MSCI All China Health Care Index ETF (ARCA:KURE)

Total assets under management: US$82.86 million

The KraneShares MSCI All China Health Care Index ETF was launched in February 2018 and tracks an index of large- and mid-cap Chinese stocks in the healthcare sector, all weighted by market capitalization. According to an analyst report, the fund provides investors with ‘exposure to a relatively small slice of the Chinese economy.’

The ETF tracks 46 holdings, and its top five are Jiangsu Hengrui Medicine (SHA:600276) at 8.33 percent, BeiGene (OTC Pink:BEIGF,HKEX:6160) at 7.88 percent, Shenzhen Mindray Bio-Medical Electronics (SZSE:300760) at 6.79 percent, Wuxi Biologics (OTC Pink:WXIBF,HKEX:2269) at 6.67 percent and Innovent Biologics (OTC Pink:IVBXF,HKEX:1801) at 5.51 percent .

Securities Disclosure: I, Melissa Pistilli, hold no investment interest in any of the companies mentioned in this article.

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Copper prices are being pushed skyward as China’s stockpiles sit on the verge of depletion and as US demand for the red metal surges, fueled by looming trade restrictions under the Trump administration.

According to Mercuria, the market is undergoing “one of the greatest tightening shocks” in its history.

“At the current pace of draws, those Chinese inventories could deplete (to zero) by the middle of June,” Nicholas Snowdon, head of metals and mining research at the commodities trading house, told the Financial Times.

“Beijing had a razor-thin inventory buffer” to meet its soaring domestic demand, he added.

Copper inventories held in Chinese warehouses fell by a record 55,000 metric tons last week alone, sinking to just 116,800 metric tons. The sudden drawdown has placed further stress on a market that is already being strained by geopolitical tensions and a shift in long-term demand driven by clean energy initiatives and electrification.

The copper squeeze is being exacerbated by US buyers rushing to secure supply ahead of potential new tariffs.

US President Donald Trump has signaled that his administration is investigating “dumping and state-sponsored overproduction” of copper, echoing the rationale used for the imposition of 25 percent levies on steel and aluminum.

Copper futures prices on the Comex in New York have soared, rising 16.35 percent year-to-date to trade for US$4.69 per pound. The rally has been further buoyed by signs that China’s Ministry of Commerce is open to trade talks with the US — it has reportedly “taken note” of Washington’s signals and is evaluating the possibility of engagement.

As a result, inventories in Comex warehouses have surged to their highest levels since 2018.

The copper crunch is not confined to refined metal.

Analysts warn that Chinese access to copper scrap — a vital feedstock for its smelting industry — is also under threat from retaliatory trade measures and possible US export controls.

China relies heavily on imported scrap, and the US remains a key supplier. In 2024, the US exported 960,000 metric tons of copper scrap, nearly half of which went to China, according to data from Fastmarkets.

This year, exports are already trending lower: 142,000 metric tons were shipped in January and February, down from 149,000 metric tons in the same period last year. If the US imposes a ban on scrap exports or China imposes retaliatory import duties, the shortage in Asia’s largest economy could become even more acute.

Copper’s strategic role in the energy transition

Beyond short-term trade politics, copper is at the heart of a deeper structural transformation.

As the global economy pivots toward electrification and decarbonization, demand for the base metal is set to soar — despite advances in material efficiency and substitution.

During a recent webinar, Michael J. Finch, head of strategic initiatives at commodities price and data firm Benchmark Mineral Intelligence, noted that the accelerating deployment of electric vehicles (EVs), EV charging infrastructure and renewable energy sources is rapidly driving up copper intensity across energy systems.

“What … we can’t forget is, what are the requirements on the grid network? What are the requirements on power generation because of EVs, because of the charging infrastructure?” Finch said. He emphasized to attendees that while copper usage per EV has declined from around 100 kilograms in 2015 to about 68 to 70 kilograms today due to design optimizations and thrifting, total copper demand from the EV sector is still expected to rise sharply.

“We’re still looking at a market here … (of) over 5 million tonnes by 2040,” he said.

“That’s going to need a lot of charging infrastructure. That’s going to need a lot of grid upgrades. That’s going to need a lot of renewable power to be put in place,’ Finch added.

The overlapping dynamics of geopolitical uncertainty, rising protectionism and shifting energy priorities have created a volatile cocktail that could reshape global copper trade flows.

Efforts are underway in the US to take advantage of this shift. European copper producer Aurubis is investing 740 million euros in a new recycling facility in Richmond, Georgia, aimed at bolstering domestic supply. The plant, which is expected to be operational by the end of the fiscal year, will rely primarily on scrap sourced within the US.

Meanwhile, analysts are watching closely to see if the US and China can defuse trade tensions before they further destabilize a market that is already stretched thin.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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Secretary of State Marco Rubio is planning to merge the responsibilities of the Palestinian Affairs Office into the U.S. Embassy in Jerusalem in an effort to continue a diplomatic mission in Israel’s capital that was put in place by President Donald Trump during his first term in office.

State Department spokesperson Tammy Bruce announced Rubio’s decision during a press briefing Tuesday.

‘Secretary Rubio has decided to merge the responsibilities of the office of the Palestinian Affairs Office fully into other sections of the United States Embassy in Jerusalem,’ Bruce said. ‘This decision will restore the first Trump-term framework of a unified U.S. diplomatic mission in Israel’s capital that reports to the U.S. ambassador to Israel.’

She added that U.S. Ambassador to Israel Mike Huckabee will begin to make the necessary changes to implement the merger over the coming weeks.

‘The United States remains committed to its historic relationship with Israel, bolstering Israel’s security and securing peace to create a better life for the entire region,’ Bruce said.

The Biden administration established the U.S. Office of Palestinian Affairs in 2022 after reversing Trump’s closure of the consulate to the Palestinians in Jerusalem during his first administration.

Biden’s move was viewed by some as rewarding the Palestinian leadership after a wave of terrorism during which two Palestinians wielding an ax and knife murdered three Israelis in the town of Elad in May 2022.

The first Trump administration helped to negotiate groundbreaking agreements, called the Abraham Accords, in 2020 to normalize diplomatic relations between Israel and the United Arab Emirates, Bahrain, Sudan and Morocco.

The Israeli government vehemently opposed a reopening of the Palestinian consulate in Jerusalem because it would undercut the holy city as the undivided capital of Israel.

The U.S. Jerusalem Embassy Act of 1995 recognizes Jerusalem as the capital of Israel and calls for it to remain an undivided city. 

Trump, in 2017, recognized Jerusalem as Israel’s capital in 2017 and moved the U.S. Embassy from Tel Aviv to Jerusalem the following year.

Fox News’ Benjamin Weinthal contributed to this report.

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President Donald Trump’s new special envoy to the Middle East was sworn in by Secretary of State Marco Rubio Tuesday in an Oval Office ceremony.

Speaking before the swearing-in, Trump praised Witkoff, who was instrumental in securing an extended ceasefire between Israel and Hamas and the return of 33 hostages, including two Americans, who were being held by Hamas. 

Trump said Witkoff has ‘been with me, more or less, one way or the other, every step of the way,’ adding that he has ‘absolute confidence and support and trust’ in his Middle East envoy’s ability to secure key deals in the realm of foreign diplomacy, such as ceasefire agreements between Israel and Hamas and between Ukraine and Russia. 

Though Witkoff is a real estate businessman by trade, Trump said he ‘quickly established himself as one of the toughest, smartest and best negotiators in the business,’ which is why he chose him for the important role of special envoy to the Middle East.

‘As a businessman, he’s admired and respected by all, and now Steve is putting his talents to work for America’s special envoy to the United States and making a lot of progress. Our country is blessed to have a negotiator of such skill and experience who really selflessly steps up to the plate, puts himself forward all the time,’ the president said.

Trump did note there was somewhat of a learning curve for Witkoff when it came to foreign government relations but said he has been ‘figuring it out’ at a lightning pace. 

‘It takes him about an hour to figure it out,’ Trump said. ‘After that, he’s brutal. He does a great job.’ 

Trump noted Witkoff has already been active over the last several months, meeting with Russian President Vladimir Putin, Israeli Prime Minister Benjamin Netanyahu and leaders from Iran. 

‘He’s working tirelessly to end the bloody and destructive conflicts,’ said Trump, touting Witkoff’s success so far in negotiations with various world leaders.

After the ceremony, Trump took questions from reporters, addressing a range of topics, including the just-announced ceasefire between the U.S. and the Houthis. When asked about conflicting reports indicating the Houthis do not plan to stop attacking Israel, Trump said that the terror group’s surrogates have indicated ‘very strongly’ that ‘they want nothing to do with [the United States].’  

Trump was also asked questions about the ongoing conflict between Israel and Hamas in Gaza, and, in particular, about the release of the remaining 21 living hostages. 

‘This is a terrible situation. We’re trying to get the hostages out. We’ve gotten a lot of them out,’ Trump told reporters, noting it is also just important to find and return the bodies of those already killed by Hamas. 

He shared that two weeks ago a couple whose son died as a hostage came to him and said, ‘Please, sir, my son is dead. Please get us back his body.’ 

‘They wanted his body. He’s dead,’ Trump said from the Oval Office after Witkoff’s confirmation. ‘They know. He said they wanted his body as much as you would want the boy if he was alive. It’s a very sad thing.’

Trump also commented on Iran and its potential development of nuclear weaponry. The president said definitively that ‘they’re not going to have a nuclear weapon.’

‘This is really crunch time. I would tell you, for Iran and for their country, this is a very important time for Iran. This is the most important time in the history of Iran, for Iran, and I hope they do what’s right,’ Trump told reporters. 

‘I’d love to see a peace deal, a strong peace deal. … We want it to be a successful country,’ he added. ‘We don’t want to do anything that’s going to get in the way of that. But they can’t have a nuclear weapon. And if they choose to go a different route, it’s going to be a very sad thing. And it’s something we don’t want to have to do, but we have no choice.’ 

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Israeli and Turkish warplanes skirmished over Syria this past weekend. 

Israel, in northern Syria, has been bombing militias affiliated with the government of Turkey. According to Turkish media sources, Ankara’s F-16s sent ‘warning messages’ to the Israeli planes. 

Israel denied the reports of the aerial confrontation.

Recep Tayyip Erdogan, Turkey’s president, said that the ‘Israeli attacks compromise the balance in the region since the fall of the Syrian regime.’ Bashar al-Assad fled Syria to Russia as his totalitarian government fell in early December. He has since been granted asylum there.   

The recent aerial confrontation could spark a wider war and put an end to attempts by the former militant and Syria’s current president, Ahmed al-Sharaa, to reestablish stability and move his country closer to the United States. 

Disruptive actors want to take over Damascus. Erdogan, for instance, helped bring down Assad and now hopes to pull Syria into his orbit. China, which supported the horrific Assad regime until the end, is now trying to influence the new government in Damascus so it can eventually dominate that country.

Sharaa is resisting Beijing’s attempts. ‘Syria is now led by a true reformer,’ Jonathan Bass, who had extensive discussions with Sharaa in Damascus last week about religious freedom and other topics, told me. 

‘This is a critical moment in Syria’s transition,’ Dr. Sharvan Ibesh of the Bahar Organization, a humanitarian NGO active in Syria, told me last week.

Ibesh’s assessment is certainly correct. Before Sharaa can achieve anything, he will need to end the conflict in his skies. There is only one person who can separate Israel, America’s long-term partner in the region, and Turkey, an increasingly troublesome NATO ally. That person, of course, is President Donald Trump.

Why would Trump get involved? 

There are two principal reasons. First, Sharaa wants trade and investment. This is an historic opportunity for American business, which has been shut out of that portion of the region. Syria is devastated after decades of misrule and war, and Americans can build, sell, and provide just about everything.

The second reason involves China. ‘Syria is up for grabs,’ Mouaz Moustafa of the Syrian Emergency Task Force, a humanitarian group active in that country, said to me. ‘The Chinese continue to push hard to fill a vacuum, knowing that the longer the U.S. takes to come along the higher the chances are that China will economically occupy Syria.’

‘We do not want to be stuck with China being the only choice for Syria when it comes to rebuilding our liberated country,’ says the Bahar Organization’s Ibesh.

Dr. Haytham Albizem of Global Justice, a U.S.-based NGO, told me that President Sharaa has not accepted Beijing’s persistent offers but ‘eventually he will shake the hand that wants to help him rebuild the country he leads if he does not have any alternative.’

Bass, CEO of Argent LNG, confirms that Beijing has pressured Syrian officials to take its money but the Syrians have held out because of concerns about the long-term effects of Chinese presence. Sharaa in fact told Bass he wants to build a ‘pluralistic society,’ in other words, a nation not like China but like America.

Washington’s sanctions, put in place during the Assad years, prevent American involvement. Trump can lift them.

Trump will be in Saudi Arabia next week. He will visit Riyadh on May 13. Syrian officials are trying to schedule a meeting between the American president and Sharaa in the Saudi capital to discuss U.S. companies entering Syria. 

‘I want to make a deal with Donald Trump,’ Sharaa told Bass. ‘He’s the only man I trust.’ 

‘He is the only man capable of fixing this region, bringing us together, one brick at a time,’ Sharaa added.

‘This is a moment when the United States can, for the first time in decades, establish vibrant commercial and investment ties with Syria and thereby bring peace to the Middle East as a whole,’ Bass says.

If, however, China takes over Syria, which borders Israel in the Golan Heights, there will be no peace. Beijing fully backed Iran’s October 7 assault on the Jewish state with economic, diplomatic, propaganda, and weapons support. China will similarly disrupt the region from Syria if it gains control of Damascus.

‘If China is entrenched in Syria, it means Iran will be entrenched there too,’ Bass says. ‘The stakes are high for America because Israel would be pressured by a China-Iran proxy directly on one of its borders.’ 

That’s true, but America’s continued role in the region raises a broader issue. ‘Does the USA want to be the Policeman of the Middle East, getting NOTHING but spending precious lives and trillions of dollars protecting others who, in almost all cases, do not appreciate what we are doing?’ Trump tweeted in December 2018. 

Obviously not. But Sharaa, as he told Bass, wants to make Syria like America, not with the American military but with American goods, investment, and services. 

The opportunity for the U.S. is historic.

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In the world of President Donald Trump, the constant refrain that he ‘needs to do this’ or ‘must pass that’ in the next 200 days misses the point entirely. Trump doesn’t operate within the usual political playbook, and trying to fit him into conventional expectations is a mistake. Advisers often treat him like a typical politician: pass policies, build alliances, show a unified front. Tone it down.  Stop being so…. Well, Trumpian.  But that’s not who he is. And it certainly isn’t what he should do.

Trump’s power lies in owning the story, controlling the narrative’s chaos, and shaking things up in ways no one else can—or would dare to. 

His actions may seem reckless or absurd to some, but they’re often strategic—designed to grab attention, set the agenda, and keep everyone reacting to him. 

Let’s think about the events over just the last several days. Trump once again seized the digital spotlight, posting AI-generated images of himself as the pope and a ‘Star Wars’ character, musing about reopening Alcatraz, vacillating on tariffs, and even questioning his adherence to the Constitution. 

As expected, the world reacted: some with admiration, others with indignation. His supporters lauded him as a bold disruptor of the status quo, while critics labeled him dangerous, blasphemous, even absurd.

If you take every Donald Trump moment at face value, you’re missing the point.

But here’s the crux: if you take every Trump moment at face value, you’re missing the point.

To truly grasp Donald Trump, you need to step back—not just from the headlines, but from the impulse to interpret every word, post, or proposal literally. 

His approach isn’t straightforward. It’s theatrical, rhetorical, and deeply strategic. Parsing his statements is akin to interpreting religious texts. Some see every word as gospel truth. Others find symbolism, guidance, or metaphor. The same spectrum of interpretation applies to Trump.

If you treat Trump’s words as fixed policy declarations, you’ll find yourself in chaos. But if you view them as part of a broader strategy—to capture attention, steer the conversation, and frame negotiations—you begin to discern the method in the madness.

Consider tariffs. Are they economic policy? Or a pressure tactic? I’d argue they’re the latter—a means to move markets, project toughness, and reset expectations. Or take his musings about running in 2028. Is that a literal campaign launch? Or is he shaping the narrative around leadership, succession, and legacy?

This is Trump’s true power: not in the precision of his plans, but in his ability to control the agenda. He creates noise not to distract, but to dominate. He doesn’t wait to join the conversation—he is the conversation. And in doing so, he forces everyone else to react on his terms.

So, what should Trump do in the next 200 days? The answer is simple: keep doing what he’s doing. The more he challenges conventions, the more he reaffirms his brand as the disruptor who fights for ‘the everyman.’ Policy details don’t necessarily matter as much as the message that he is shaking up the establishment and battling an unfair system. 

Success for him isn’t about passing specific bills; it’s about owning the conversation and proving he’s the only one willing to blow things up to get results.

If Trump can continue this strategy—owning the narrative, showing he’s fighting for the ‘little guy,’ and not over-complicating it—he remains relevant. 

The reality? His core support won’t shift because of policy; it’ll shift if he stops being Trump. So, the next 200 days should be about staying true to his persona, deciding what noise to generate, and letting others scramble to chase his lead.

Ultimately, how you interpret Trump’s actions reveals more about you than about him. If you see him as a menace, every statement becomes a threat. If you see him as a visionary, every statement signals bold change. If you see him as a negotiator, the unpredictability makes perfect sense.

You don’t have to like Trump to understand him. But ignoring the mechanics of how he shapes public discourse is missing the most crucial part of the story.

He’s not just running for office. He’s running the conversation. And in essence, Trump needs to keep doing what he does best—disrupt, distract, and dominate. The rest is just noise.

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The top Democrat on the Senate Judiciary Committee has called on the Department of Justice and the FBI to ‘immediately investigate’ a string of anonymous pizza deliveries sent to judges’ homes.

In the event that the DOJ and the FBI have already initiated investigations, Senate Judiciary Committee Ranking Member Dick Durbin, D-Ill., also asked Attorney General Pam Bondi and Kash Patel for an update on those efforts. 

‘In recent months, federal judges and their relatives have received anonymous deliveries to their homes,’ Durbin wrote in a letter to Bondi and Patel on Tuesday. ‘These deliveries are threats intended to show that those seeking to intimidate the targeted judge know the judge’s address or their family members’ addresses. The targeted individuals reportedly include Supreme Court justices, judges handling legal cases involving the Administration, and the children of judges. Some of these deliveries were made using the name of Judge Esther Salas’s son, Daniel Anderl, who was murdered at the family’s home by a former litigant who posed as a deliveryman.’

‘These incidents threaten not only judges and their families, but also judicial independence and the rule of law,’ Durbin wrote. ‘It is imperative that the Justice Department (DOJ) and the Federal Bureau of Investigation (FBI) investigate these anonymous or pseudonymous deliveries and that those responsible be held accountable to the full extent of the law.’

Durbin asked that Bondi and Patel provide ‘information on any steps that DOJ or the FBI have taken to protect the judges and their families who have received anonymous or pseudonymous deliveries and to prevent further anonymous or pseudonymous deliveries and other threats.’ His letter also highlighted ‘the essential role that the U.S. Marshals Service (USMS) plays in protecting the federal judiciary and urge you to ensure that the size of the USMS workforce is not reduced.’ 

The Democrat said USMS Acting Director Mark P. Pittella reportedly sent a letter on April 15 to more than 5,000 USMS employees offering them the opportunity to resign. 

‘In the midst of increasing threats of violence against judges, it is inappropriate and unacceptable to reduce the size of the agency tasked with protecting the federal judiciary and the judicial process,’ Durbin wrote. ‘Accordingly, I ask you to commit to fully supporting USMS and to maintaining or increasing its current number of employees.’ 

The letter further asked that Bondi and Patel brief the committee and provide responses to a series of questions by May 20, including how many anonymous pizza deliveries have been sent to judges’ homes or the homes of their family members since Jan. 20 – President Donald Trump’s Inauguration Day; whether each matter prompted an investigation and if not, why; and how many suspects have been identified and if there’s any reason to suspect coordination. 

Durbin said any responses with ‘classified or law-enforcement sensitive material’ should be sent to the committee Democrats under a separate cover.

The letter only named one impacted judge – U.S. District Judge Esther Salas. 

Salas’ 20-year-old son, Daniel Anderl, was murdered on July 19, 2020, at the family’s home in North Brunswick, New Jersey. The gunman, who posed as a FedEx delivery driver, also critically wounded Salas’ husband. The suspect was identified as Roy Den Hollander, a self-proclaimed anti-feminist lawyer who previously appeared in Salas’ courtroom. Authorities said Den Hollander died of a self-inflicted gunshot wound in upstate New York days after killing Daniel. 

Before the shooting, Salas had handled high-profile cases, including those involving Jeffrey Epstein and the Real Housewives of New Jersey stars Teresa and Joe Giudice.

Last month, Salas told news outlets that she and other judges have received strange pizza deliveries at their homes, with at least 10 of them having her son’s name on the order. 

In March, Supreme Court Justice Amy Coney Barrett’s family members reported receiving strange pizza deliveries to separate households, Newsweek reported. Authorities said Barrett’s sister also received a bomb threat. 

J. Michelle Childs of the U.S. Court of Appeals for the District of Columbia Circuit also claimed in a podcast last month that a mysterious pizza delivery had arrived at her door. 

‘Federal judges are receiving anonymous deliveries as an intimidation tactic. It’s an ongoing threat… and it’s increasing,’ Durbin wrote on X. ‘Some deliveries are even using the name of a judge’s son who was murdered by a former litigant posing as a deliveryman. Attorney General Bondi and FBI Director Patel must investigate.’ 

‘Judges are facing ongoing and increasing threats… even against their families,’ Senate Judiciary Democrats said on X. ‘Pam Bondi must commit to fully supporting the Marshals Service and—at minimum—maintaining the current size of its workforce.’ 

Fox News Digital reached out to the Justice Department and the FBI for comment early Wednesday but did not immediately hear back. 

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Amazon’s Zoox issued a software recall for 270 of its robotaxis after a crash in Las Vegas last month, the company said Tuesday.

The recall surrounds a defect with the vehicle’s automated driving system that could cause it to inaccurately predict the movement of another car, increasing “the risk of a crash,” according to a report submitted to the National Highway Traffic Safety Administration.

Zoox submitted the recall after an April 8 incident in Las Vegas where an unoccupied Zoox robotaxi collided with a passenger vehicle, the NHTSA report states. There were no injuries in the crash and only minor damage occurred to both vehicles.

“After analysis and rigorous testing, Zoox identified the root cause,” the company said in a blog post. “We issued a software update that was implemented across all Zoox vehicles. All Zoox vehicles on the road today, including our purpose-built robotaxi and test fleet, have the updated software.”

Zoox paused all driverless vehicle operations while it reviewed the incident. It’s since resumed operations after rolling out the software update.

Amazon acquired Zoox in 2020 for over $1 billion, announcing at the time that the deal would help bring the self-driving technology company’s “vision for autonomous ride-hailing to reality.” However, Amazon has fallen far behind Alphabet’s Waymo, which has robotaxi services operating in multiple U.S. markets. Tesla has also announced plans to launch a robotaxi offering in Austin in June, though the company has missed many prior target dates for releasing its technology.

Zoox has been testing its robotaxis in Las Vegas, Nevada, and Foster City, California. Last month, Zoox began testing a small fleet of retrofitted vehicles in Los Angeles.

Last month, NHTSA closed a probe into two crashes involving Toyota Highlanders equipped with Zoox’s autonomous vehicle technology. The agency opened the probe last May after the vehicles braked suddenly and were rear-ended by motorcyclists, which led to minor injuries.

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Communication Services Drops to #5

The composition of the top five sectors remains largely stable this week, with only slight adjustments in positioning. Consumer staples continue to lead the pack, followed by utilities, financials, real estate (moving up one spot), and communication services (dropping to fifth). This defensive lineup persists despite a rallying market, presenting an interesting dilemma for sector rotation strategies.

  1. (1) Consumer Staples – (XLP)
  2. (2) Utilities – (XLU)
  3. (3) Financials – (XLF)
  4. (5) Real-Estate – (XLRE)*
  5. (4) Communication Services – (XLC)*
  6. (6) Healthcare – (XLV)
  7. (7) Industrials – (XLI)
  8. (8) Materials – (XLB)
  9. (11) Technology – (XLK)*
  10. (10) Energy – (XLE)
  11. (9) Consumer Discretionary – (XLY)*

Weekly RRG

The weekly Relative Rotation Graph (RRG) paints a picture of potential change on the horizon.

While staples, utilities, real estate, and financials maintain their positions in the leading quadrant, they show signs of losing relative momentum over the past few weeks.

Financials, particularly, are teetering on the edge of rolling into the weakening quadrant.

Communication services have already shifted, now firmly in the weakening quadrant and traveling on a negative RRG heading. This movement explains its drop to the fifth position in our sector rankings.

Daily RRG

Switching to the daily RRG, we see a slightly different picture for our top sectors.

Staples, utilities, real estate, and financials are all positioned in the weakening quadrant, traveling on negative RRG headings.

This short-term view indicates that we must closely monitor these sectors to determine if they can regain momentum before potentially dropping out of the top five.

Interestingly, communication services is showing signs of life on the daily chart. Despite falling to the fifth position overall, its tail is now in the improving quadrant and moving toward leading.

The caveat? It’s a very short tail, close to the benchmark—essentially moving in line with the market. This makes communication services the sector most at risk of losing its top-five status in the near term.

Consumer Staples

Consumer staples is bumping up against overhead resistance between $82.50 and $83.

This hesitation in upward price movement is causing weakness in the RS line, which has started to dip.

Consequently, the RS momentum line is rolling over. However, the high RS ratio—indicating a strong relative trend—is keeping staples at the top of our list for now.

Utilities

Utilities has been flirting with a breakout since the start of 2025, pushing against overhead resistance around $80 about four times already.

When it breaks, we’ll likely see an acceleration towards the all-time high just above $82.50.

Like staples, the inability to break resistance is causing a stall in the RS line and a rollover in relative momentum.

Financials

After a strong rally off the $42 support level, previously resistance (the old technical adage holds true), financials is now facing a challenge.

The rally is approaching the former rising support level that marked the uptrend channel. This could cause some hesitation in both price and relative strength.

The RS line remains within its rising channel, but momentum has waned, causing the green RS momentum line to roll over.

Real-Estate

Real estate moved up one position to fourth and is still emerging from a long relative downtrend that began in April 2022.

The RS ratio line has picked up the relative strength rally that started in early 2025 but is now stalling.

This has resulted in the green RS momentum line rolling over. On the price chart, real estate is mid-range with room to move higher.

Communication Services

Communication services have dropped to the fifth position, but the price chart has an interesting development.

Last week, the price broke back above the old neckline of a small head-and-shoulders pattern. The fact that we’re now rallying above this neckline could indicate a failed head-and-shoulders pattern—usually a very strong bullish sign.

However, recent weakness in relative strength has pushed the sector deeper into the weakening quadrant on the RRG.

This sector must pick up rapidly in the coming weeks to maintain its position in the top five.

Portfolio Performance

The defensive positioning of our top five sectors is leading to underperformance as the broader market rallies.

Currently, we remain at approximately a 3% underperformance compared to SPY just like last week.

However, from the perspective of sector rotation, we must still consider this rally in the S&P 500 to be temporary.

The underlying message continues to emphasize defense.

It’s important to remember that there is always a lagging element in RRGs and this strategy.

If the market has truly turned, we will see that shift reflected in our sectors, and at some point, we will start to make up the difference.

These performance gaps can change very rapidly in favor of the RRG portfolio when the market comes under pressure and our defensive sectors start to lead again.

#StayAlert and have a great week — Julius