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Water begins to recede from flooded streets in Tampa, Florida, due to Hurricane Milton on October 10, 2024.Bryan R. Smith | AFP | Getty ImagesRestoring power, clearing debris and distributing fuel are now the top priorities in Florida as the state continues to reel in the wake Hurricane Milton. More than 1.5 million are without power and at least 17 fatalities have been confirmed as recovery efforts continue into the weekend.Florida Gov. Ron DeSantis said Saturday that efforts are still underway to assist residents and provide resources to hard-hit areas across the state. Parts of western and central Florida continue to face the risk of significant flooding in creeks and rivers continue to rise.DeSantis said the state is working to address the need for fuel in heavily impacted areas. He sa...

Jeff J Mitchell, Getty ImagesScottish former First Minister Alex Salmond, who helped change the course of Scottish politics and pushed Scotland to the verge of independence from the United Kingdom, died on Saturday. He was 69.Salmond, who headed the devolved Scottish government for seven years from 2007, is credited with helping boost support for Scottish independence during a 2014 referendum in which Scots voted 55%-45% in favor of staying in the United Kingdom.The BBC said Salmond had collapsed after giving a speech in North Macedonia.Leaders from across the political divide paid tributes to Salmond, a formidable debater who led the Scottish National Party (SNP) from 1990 to 2000 and from 2004 to 2014."For more than 30 years, Alex Salmond was a monumental figure of Scottish and UK politi...

The Federal Aviation Administration approved a license on Saturday for the launch of SpaceX's Starship 5 set for as early as Sunday.Reuters first reported earlier this week the faster than expected timetable after the FAA in September had said it did not expect a determination on a license before late November.The FAA said on Saturday SpaceX has "met all safety, environmental and other licensing requirements for the suborbital test flight" for the fifth test of the Starship and has also approved the Starship 6 mission profile.Don’t miss these insights from CNBC PRO Source link

Two exchange-traded funds are looking for profits in China with two different strategies.While the Rayliant Quantamental China Equity ETF dives into specific regions, the newly launched Roundhill China Dragons ETF buys the country's biggest stocks."[It's] focused just on nine companies, and these companies are the companies that we identified as having similar characteristics to magnitude in the U.S.," Roundhill Investments CEO Dave Mazza told CNBC's "ETF Edge" this week.Zoom In IconArrows pointing outwardsSince its inception on Oct. 3, the Roundhill China Dragon ETF is down almost 5% as of Friday's close.Meanwhile, Jason Hsu of Rayliant Global Advisors is behind the hyper-local Rayliant Quantamental China Equity ETF. It has been around since 2020."These are local shares, local names that ...

Eli Lilly and Company, Pharmaceutical company headquarters in Alcobendas, Madrid, Spain.Cristina Arias | Cover | Getty ImagesThe U.S. Food and Drug Administration on Friday agreed to reconsider a decision it made last month to bar drug compounders from selling their own versions of Eli Lilly's blockbuster weight loss and diabetes drugs.The agency said in a court filing it would now allow compounding pharmacies and facilities to keep providing the drugs while it reviews whether there is a shortage of their active ingredient. The compounding versions of the drugs are cheaper for patients than the brand-name versions.The decision was in response to a lawsuit brought on Monday by the Outsourcing Facilities Association, a compounding industry group. After the FDA's decision on Friday to reconsi...