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Tag: life sciences

  • How China’s Chokehold on Drugs, Chips and More Threatens the U.S.

    BEIJING—China has demonstrated it can weaponize its control over global supply chains by constricting the flow of critical rare-earth minerals. President Trump went to the negotiating table when the lack of Chinese materials threatened American production, and he reached a truce last week with Chinese leader Xi Jinping that both sides say will ease the flow of rare earths.

    But Beijing’s tools go beyond these critical minerals. Three other industries where China has a chokehold—lithium-ion batteries, mature chips and pharmaceutical ingredients—give an idea of what the U.S. would need to do to free itself fully from vulnerability. 

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Yoko Kubota

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  • Trump Says Xi Will Help Fight Fentanyl. Will China Follow Through?

    For years, the U.S. and China have been locked in a pattern on the deadly issue of fentanyl. The White House pressures Beijing to stop Chinese companies from exporting chemicals used to make the drug to Mexico. Beijing takes incremental steps in exchange for Washington dialing down economic pressure—only for China to drag its feet when relations deteriorate.

    President Trump, after a summit on Thursday with Chinese leader Xi Jinping, said tariffs he had imposed on China over its role in the fentanyl trade would be lowered to 10% from 20% because of Beijing’s “very strong action” in cracking down and Xi’s commitment to do more.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Brian Spegele

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  • The Long Road to a U.S.-China Trade Pact

    In March, Sen. Steve Daines traveled to Beijing with a group of American chief executives in hopes of calming a tense trade relationship between the world’s two largest economies.

    Weeks earlier, President Trump had added an additional 20% in tariffs on China over what he said was its role in the fentanyl trade. The Montana senator and close Trump ally, who lived in China and Hong Kong for six years in the 1990s as an executive for Procter & Gamble, saw an opening to smooth things over.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Gavin Bade

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  • Trump Turns Up Heat on Latin America

    President Trump’s vow to intervene against drug smugglers in Colombia widened a U.S. counternarcotics campaign in Latin America that began with military strikes on oceangoing boats but is increasingly focused on threatening governments in the region.

    His broadside against Colombia came in a social-media post Sunday morning that branded its president, Gustavo Petro, an “illegal drug leader,” vowing to halt U.S. aid to Bogotá, and to take unilateral action unless Petro closed “these killing fields immediately.”

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    [ad_2] Vera Bergengruen
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  • Trump Says U.S. Is Cutting Aid to Colombia Over Drugs

    President Trump said the U.S. would stop aid payments to Colombia, for decades a close U.S. ally, because of the country’s drug production.

    Trump, in a social-media post Sunday, escalated tensions with Colombian President Gustavo Petro, calling him “an illegal drug leader.” He said Petro was encouraging drug production and the U.S. wouldn’t give any more payments or subsidies to the country, long the U.S.’s closest ally in the war on drugs.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Alyssa Lukpat

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  • Life sciences advocates, economic development agencies launch centralized hub | Long Island Business News

    New York Bio Connect, a new health and life sciences hub, has officially launched to serve as a central resource for New York’s life science community. Designed to accelerate innovation and strengthen collaboration within the state’s life-science community, the hub offers streamlined access to information, tools and support to help organizations advance across the state, including on Long Island.

    The initiative is a joint effort by NewYorkBIO, which advocates for life sciences in the state,  the New York City Economic Development Corporation (NYCEDC) and Empire State Development. It was unveiled at NewYorkBIO’s annual Innovation Summit in Manhattan earlier this week.

    “The launch of New York Bio Connect marks an important milestone for our state’s life sciences community,” Jennifer Hawks Bland, CEO of NewYorkBIO, said in a news release about the initiative.

    “This platform reflects the collective strength of New York’s ecosystem – bringing together companies of every size, academic institutions, investors and support organizations,” Bland added. “By making it easier to access resources and opportunities, New York Bio Connect will empower innovators to advance research, accelerate development and bring groundbreaking treatments and technologies to patients.”

    Described by its organizers as the first information hub of its kind for New York’s bioscience industry, New York Bio Connect aims to bring together funding opportunities, facility details, career openings, services, programs and statewide news and events to help life science professionals and companies gain traction across the state.

    “By centralizing essential resources, opportunities, and information, this platform breaks down barriers and empowers entrepreneurs, researchers and companies of all sizes to reach their highest potential – driving discoveries, supporting job growth and ultimately improving health outcomes for communities across New York and beyond,” NYCEDC President and CEO Andrew Kimball said in the news release.

    Supporting companies of all sizes and stages, NewYorkBIO, NYCEDC and Empire State Development say they identified an opportunity to reduce barriers in the industry. Their solution: a central hub where life science companies and professionals — whether based in New York or considering a move — can access the resources needed to thrive.

    “With New York Bio Connect, we are creating a powerful economic development asset for the entire state,” Hope Knight, president, CEO and commissioner of Empire State Development, said in the news release.

    “This platform will not only spotlight the tremendous work happening across our life sciences ecosystem, but also expand access to capital, facilities, talent and partnerships – helping New York attract investment, grow companies, and create good jobs in every region,” she added.

    More information about the platform is available here.


    Adina Genn

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  • Sia/LBG Receives Supplemental Grant to Expand Features for Global Health Cost Model Platform

    Sia/LBG has been awarded a supplemental grant by the Gates Foundation to enhance its web-based cost and environmental impact modeling resource for pharmaceutical APIs Cost of Goods (COGs).

    Sia/LBG (formerly Latham BioPharm Group), the Life Science and Healthcare Business Line of Sia, a next-generation, global management consulting group, has been awarded a supplemental grant by the Gates Foundation to enhance its web-based cost and environmental impact modeling resource for pharmaceutical APIs Cost of Goods (COGs). This funding builds on the initial grant award, where Sia/LBG developed a web-based tool that allows clients to harness data from multiple systems to save time and resources by optimizing and understanding pharmaceutical COGs analyses earlier in development.

    The new features will include COGs analysis for Drug Product formulation, Device manufacturing, Fill, Finish, Packaging for tablets/sterile products/unique presentations, as well as market demand forecasting. These enhancements are designed to broaden the tool’s user base, ensuring it remains a sustainable product for the global health community while also supporting potential commercial users beyond the global health sector.

    Building on this foundation, Sia/LBG will continue collaborating seamlessly with the different teams across Sia. New features will be integrated by leveraging Sia/LBG’s life sciences technical consulting expertise alongside Sia’s leading artificial intelligence solutions and customer experience expertise.

    “Our team turned a complex life sciences COGs and climate impact model into a web-based app, streamlining costing and improving reproducibility, version control, and data management for teams performing modeling, says Chris Peterson, Sia/LBG’s Managing Director of Strategy & Management Consulting. “Customers using the web-based application have already seen a reduction in time to input data by 40% and a decrease in manual touchpoints, leading to a more consistent evaluation of COGs.”

    This meaningful program and enhanced new capability and product offering is consistent with Sia/LBG’s strategic commitment to serve as a world leader in Life Sciences and Healthcare consulting, as well as Sia’s Consulting for Good initiative.

    The team is actively seeking additional application adopters to provide feedback on how the modeling resource can be utilized in both global public health and commercial pharmaceutical decision-making across the product development spectrum. Stakeholders interested in contributing to this dialogue are encouraged to contact Chris Peterson at cpeterson@lathambiopharm.com.

    Source: Sia/LBG

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  • MCC’s biotechnology program receives Pathmaker Validation from Mass Life Sciences Center

    MCC’s biotechnology program receives Pathmaker Validation from Mass Life Sciences Center

    On Aug. 13, Middlesex Community College’s biotechnology program received a Pathmaker Validation from the Mass Life Sciences Center. Representatives from MLSC joined Middlesex President Phil Sisson, Provost Arlene Rodríguez, and biotechnology faculty to visit the lab and award a plaque of recognition for the success and effectiveness of MCC’s program.

    “We are thrilled to receive the Pathmaker Validation from Mass Life Sciences Center and are proud to display our plaque of recognition in our state-of-the-art biotechnology lab,” Sisson said. “This honor from MLSC proves that our combination of interactive lab experiences, comprehensive curriculum, and ample networking opportunities offer robust and life-changing programs that lend to the stability and success of our students, the biotechnology industry, and the Massachusetts workforce. Our partnership with MLSC will help us continue to provide a diverse population of students with skills and training to enter and advance in their careers in an in-demand and much needed field.”

    “The Pathmaker program provides career seekers from all backgrounds with the proper training needed to enter the exciting world of life sciences,” said MLSC Acting CEO and Vice President of Economic Development and Partnerships Jeanne LeClair. “This effort wouldn’t be possible without the collaboration of our training program partners, including Middlesex Community College, who contribute to developing a substantial workforce to meet the needs of the ever-growing Massachusetts life sciences industry.”

    The MLSC Pathmaker program funds industry-aligned training programs that address critical skills and talent supply gaps and connects skilled, diverse workers with life science career opportunities in Massachusetts. Additionally, one of the goals of Pathmaker is to serve as a stamp of approval on specific training programs that meet the most up-to-date industry criteria, thereby sending a strong signal to prospective career seekers.

    Pathmaker validation ensures that programs up to and including associate degrees receive a stamp of approval, affirming their alignment with industry standards and Pathmaker Core Competencies. This helps ensure top-tier quality in biomanufacturing education and industry readiness.

    Both MCC’s biotechnology associate degree and certificate program were recognized as Pathmaker programs. The college’s programs are taught by experts who have worked in the biotechnology field, and include lab experiences and conditions that are similar to those found in a work environment.

    Middlesex also offers an award-winning Biotechnology Learn and Earn program to provide students with the opportunity to work full-time for a partner company while earning a degree.

    “We are excited to be a Pathmaker-recognized program and to partner with MLSC to continue to help strengthen the biotechnology field,” said Dean of STEM Marie Tupaj. “The Massachusetts biotechnology industry is comprised of many of MCC’s current and former students who are leaders of their field and are eager to give back to the college community. Students come to MCC at different stages of their lives and discover opportunities that get them into the workforce as soon as possible, prepare them to further their education, and help them pursue dream careers.”

    Visit middlesex.mass.edu/registration for more information on MCC’s biotechnology program and to register for classes.

    Submitted article

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  • GSK PLC 4Q Pre-items, Pretax Pft GBP1.56B

    GSK PLC 4Q Pre-items, Pretax Pft GBP1.56B


    Corrections & Amplifications

    This headline was corrected at 0731 GMT to reflect GSK PLC 4Q Pre-Items, Pre-Tax Pft GBP1.56B, not GBP8.11B

    Corrections & Amplifications

    This headline was corrected at 0729 GMT to reflect GSK PLC 4Q Adj EPS 28.9p, not Adj EPS GBP1.551

    By Joe Hoppe

    GSK said its sales rose, driven by growth in its best-selling shingles vaccine Shingrix and the launch of RSV vaccine Arexvy earlier last year, and raised its guidance for 2024.

    The British pharmaceutical major posted sales of 8.05 billion pounds ($10.22 billion) for the fourth quarter of 2023, up from GBP7.33 billion the year prior and beating a Visible Alpha consensus of GBP7.61 billion.

    Write to Joe Hoppe at joseph.hoppe@wsj.com



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  • Roche's Cancer Injection Tecentriq SC Gets European Commission Approval

    Roche's Cancer Injection Tecentriq SC Gets European Commission Approval

    By Andrea Figueras

    Roche said that the European Commission approved Tecentriq SC, a cancer immunotherapy subcutaneous injection for multiple cancer types.

    The Swiss pharmaceutical company said Tuesday that it has been granted marketing authorisation for Tecentriq SC, which reduces treatment time by approximately 80% compared with standard IV infusion.

    The subcutaneous injections take between four and eight minutes, while until now the treatment had been given directly into patients’ veins by IV infusion, which takes approximately 30-60 minutes.

    Last year, more than 38,000 people in the EU received Tecentriq to treat different types of lung, liver, bladder and breast cancer, Roche said.

    The company is also working closely with several providers in Europe to include Tecentriq SC in cancer homecare initiatives where possible.

    The injections can also be administered by a healthcare professional outside of the hospital, in a community care setting or at a patient’s home, depending on national regulations and health systems.

    Write to Andrea Figueras at andrea.figueras@wsj.com

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  • Medical Properties Trust Stock Is Crashing

    Medical Properties Trust Stock Is Crashing

    Shares of Medical Properties Trust plummeted after the real estate investment trust said it is ramping up efforts to recover uncollected rent and outstanding loans from its largest tenant.

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  • The Russell 2000 Index has soared, but you might be better off looking elsewhere for quality small-cap stocks

    The Russell 2000 Index has soared, but you might be better off looking elsewhere for quality small-cap stocks

    The Russell 2000 Index soared 12% in December, which might reflect investors’ exuberance about the state of the U.S. economy — it appears the Federal Reserve has won its battle against inflation.

    But if you are looking to broaden your exposure to the stock market beyond the large-cap S&P 500
    SPX,
    buying shares of a fund that tracks the Russell 2000 Index
    RUT
    might not be the best way to do it. This is because the Russell 2000 isn’t selective — it is made up of the smallest 2,000 companies by market capitalization in the Russell 3000 Index
    RUA,
    which itself is designed to capture about 98% of the U.S. public equity market.

    A better choice might be the S&P Small Cap 600 Index
    SML
    because S&P Global requires companies to show four consecutive quarters of profitability to be initially included in the index, among other criteria.

    Below is a screen of analysts’ favorite stocks among the S&P Small Cap 600, along with another for the Russell 2000.

    Watch for a “head fake”

    Much of the small-cap buying in December might have resulted from covering of short positions by hedge-fund managers. This idea is backed by the timing of trading activity immediately following the Federal Open Market Committee’s announcement on Dec. 13 that it wouldn’t change its interest-rate policy, according to MacroTourist blogger Kevin Muir. The Fed’s economic projections released the same day also indicate three cuts to the federal-funds rate in 2024.

    Heading into the end of the year, a fund manager who had shorted small-caps, and then was surprised by the Fed’s interest-rate projections, might have scrambled to buy stocks it had shorted to close-out the positions and hopefully lock in gains, or limit losses.

    That buying activity and resulting pop in small-cap prices could set up a typical “head fake” for investors as the new year begins, according to Muir.

    The long-term case for quality

    Looking at data for companies’ most recently reported fiscal quarters, 58% of the Russell 2000 reported positive earnings per share, according to data provided by FactSet. In other words, hundreds of these companies were losing money. These might include promising companies facing “binary events,” such as make-or-break drug trials in the biotechnology industry.

    In comparison, 78% of companies among the S&P Small Cap 600 were profitable, and 93% of the S&P 500 were in the black.

    Here are long-term performance figures for exchange-traded funds that track all three indexes:

    ETF

    Ticker

    2023

    3 years

    5 years

    10 years

    15 years

    20 years

    iShares Russell 2000 ETF

    IWM 17%

    7%

    61%

    99%

    428%

    365%

    iShares Core S&P Small Cap ETF

    IJR 16%

    25%

    69%

    129%

    540%

    515%

    SPDR S&P 500 ETF Trust

    SPY 26%

    34%

    108%

    210%

    629%

    527%

    Source: FactSet

    An approach tracking the S&P Small Cap 600 has outperformed the Russell 2000 for all periods, with margins widening as you go further back.

    Brett Arends: You own the wrong small-cap fund. How to get into a better one.

    Looking ahead for quality… or not

    For the first screen, we began with the S&P Small Cap 600 and narrowed the list to 385 companies covered by at least five analysts polled by FactSet. Then we cut the list to 92 companies with “buy” or equivalent ratings among at least 75% of the covering analysts.

    Here are the 20 remaining stocks among the S&P Small Cap 600 with the highest 12-month upside potential indicated by analysts’ consensus price targets:

    Company

    Ticker

    Share “buy” ratings

    Dec. 29 price

    Consensus price target

    Implied 12-month upside potential

    Vir Biotechnology Inc.

    VIR,
    +4.47%
    88%

    $10.06

    $32.00

    218%

    Arcus Biosciences Inc.

    RCUS,
    +3.04%
    82%

    $19.10

    $41.00

    115%

    Xencor Inc.

    XNCR,
    +6.03%
    92%

    $21.23

    $39.83

    88%

    Dynavax Technologies Corp.

    DVAX,
    +2.86%
    100%

    $13.98

    $24.80

    77%

    ModivCare Inc.

    MODV,
    +0.95%
    100%

    $43.99

    $75.50

    72%

    Xperi Inc

    XPER,
    +1.81%
    80%

    $11.02

    $18.20

    65%

    Thryv Holdings Inc.

    THRY,
    100%

    $20.35

    $32.75

    61%

    Ligand Pharmaceuticals Inc.

    LGND,
    +1.25%
    100%

    $71.42

    $114.80

    61%

    Green Plains Inc.

    GPRE,
    -1.67%
    80%

    $25.22

    $40.30

    60%

    Patterson-UTI Energy Inc.

    PTEN,
    +0.28%
    75%

    $10.80

    $17.00

    57%

    Ironwood Pharmaceuticals Inc. Class A

    IRWD,
    +8.48%
    83%

    $11.44

    $17.83

    56%

    Catalyst Pharmaceuticals Inc.

    CPRX,
    +1.78%
    100%

    $16.81

    $26.20

    56%

    Payoneer Global Inc.

    PAYO,
    -3.45%
    100%

    $5.21

    $8.00

    54%

    Helix Energy Solutions Group Inc.

    HLX,
    -2.63%
    83%

    $10.28

    $15.00

    46%

    Arlo Technologies Inc.

    ARLO,
    -3.05%
    100%

    $9.52

    $13.80

    45%

    Pacira Biosciences Inc.

    PCRX,
    -5.16%
    100%

    $33.74

    $48.40

    43%

    Privia Health Group Inc.

    PRVA,
    +2.95%
    100%

    $23.03

    $32.53

    41%

    Semtech Corp.

    SMTC,
    -1.23%
    92%

    $21.91

    $30.90

    41%

    Talos Energy Inc.

    TALO,
    +1.19%
    78%

    $14.23

    $20.00

    41%

    Digi International Inc.

    DGII,
    -1.21%
    100%

    $26.00

    $36.14

    39%

    Source: FactSet

    Any stock screen should only be considered a starting point. You should do your own research to form your own opinion before making any investment. one way to begin is by clicking on the tickers for more about each company.

    Click here for Tomi Kilgore’s detailed guide to the wealth of information available for free on the MarketWatch quote page.

    Moving on to the Russell 2000, when we narrowed this group to stocks covered by at least five analysts polled by FactSet, we were left with 936 companies. Among these, 355 have “buy” or equivalent ratings among at least 75% of the covering analysts.

    Among those 355 stocks in the Russell 2000, these 20 have the highest implied upside over the next year, based on consensus price targets:

    Company

    Ticker

    Share “buy” ratings

    Dec. 29 price

    Consensus price target

    Implied 12-month upside potential

    Karyopharm Therapeutics Inc.

    KPTI,
    +4.18%
    75%

    $0.87

    $6.00

    594%

    Rallybio Corp.

    RLYB,
    +0.42%
    100%

    $2.39

    $16.50

    590%

    Vor Biopharma Inc.

    VOR,
    -0.89%
    100%

    $2.25

    $15.44

    586%

    Tenaya Therapeutics Inc.

    TNYA,
    -0.62%
    100%

    $3.24

    $19.14

    491%

    Compass Therapeutics Inc.

    CMPX,
    -5.13%
    86%

    $1.56

    $9.17

    488%

    Vigil Neuroscience Inc.

    VIGL,
    +2.66%
    88%

    $3.38

    $18.75

    455%

    Trevi Therapeutics Inc.

    TRVI,
    -2.99%
    100%

    $1.34

    $7.33

    447%

    Inozyme Pharma Inc.

    INZY,
    +1.64%
    100%

    $4.26

    $21.00

    393%

    Gritstone bio Inc.

    GRTS,
    +6.86%
    100%

    $2.04

    $10.00

    390%

    Actinium Pharmaceuticals Inc.

    ATNM,
    +4.72%
    83%

    $5.08

    $23.36

    360%

    Lineage Cell Therapeutics Inc.

    LCTX,
    86%

    $1.09

    $4.83

    343%

    Century Therapeutics Inc.

    IPSC,
    +9.64%
    86%

    $3.32

    $14.67

    342%

    Acrivon Therapeutics Inc.

    ACRV,
    +1.83%
    100%

    $4.92

    $21.13

    329%

    Avidity Biosciences Inc.

    RNA,
    +1.22%
    100%

    $9.05

    $37.50

    314%

    Longboard Pharmaceuticals Inc.

    LBPH,
    +316.25%
    100%

    $6.03

    $24.17

    301%

    Omega Therapeutics Inc.

    OMGA,
    -1.33%
    100%

    $3.01

    $12.00

    299%

    Allogene Therapeutics Inc.

    ALLO,
    +12.77%
    82%

    $3.21

    $12.79

    298%

    X4 Pharmaceuticals Inc.

    XFOR,
    +5.21%
    86%

    $0.84

    $3.26

    289%

    Caribou Biosciences Inc.

    CRBU,
    -2.79%
    89%

    $5.73

    $22.25

    288%

    Stoke Therapeutics Inc.

    STOK,
    +11.41%
    78%

    $5.26

    $19.33

    268%

    Source: FactSet

    That’s right — this Russell 2000 list is all biotech. And in case you are wondering if any companies are on both lists, the answer is no.

    Don’t miss: 11 dividend stocks with high yields expected to be well supported in 2024 per strict criteria

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  • These 20 stocks soared the most in 2023

    These 20 stocks soared the most in 2023

    (Updated with Friday’s closing prices.)

    The 2023 rally for stocks in the U.S. accelerated as more investors bought the idea that the Federal Reserve succeeded in its effort to bring inflation to heel.

    The S&P 500
    SPX
    ended Friday with a 24.2% gain for 2023, following a 19.4% decline in 2022. (All price changes in this article exclude dividends). Among the 500 stocks, 65% were up for 2023. Below is a list of the year’s 20 best performers in the benchmark index.

    This article focuses on large-cap stocks. MarketWatch Editor in Chief Mark DeCambre took a broader look at all U.S. stocks of companies with market capitalizations of at least $1 billion, to list 10 with gains ranging from 412% to 1,924%.

    The Fed began raising short-term interest rates and pushing long-term rates higher in March 2022 by allowing its bond portfolio to run off. That explains the poor performance for stocks in 2022, as bonds and even bank accounts because more attractive to investors.

    The central bank hasn’t raised the federal-funds rate since moving it to the current target range of 5.25% to 5.50% in July, and its economic projections point to three rate cuts in 2024.

    Investors are anticipating the return to a low-rate environment by scooping up 10-year U.S. Treasury notes
    BX:TMUBMUSD10Y,
    whose yield ended the year at 3.88%, down from 4.84% on Oct. 27 — the day of the S&P 500’s low for the second half of 2023.

    Read: Treasury yields end mostly higher but little changed on year after wild 2023

    Before looking at the list of best-performing stocks of 2023, here’s a summary of how the 11 sectors of the S&P 500 performed, with the full index and three more broad indexes at the bottom:

    Sector or index

    2023 price change

    2022 price change

    Price change since end of 2021

    Forward P/E

    Forward P/E at end of 2022

    Forward P/E at end of 2023

    Information Technology

    56.4%

    -28.9%

    11.5%

    26.7

    20.0

    28.2

    Communication Services

    54.4%

    -40.4%

    -7.6%

    17.4

    14.3

    21.0

    Consumer Discretionary

    41.0%

    -37.6%

    -11.4%

    26.2

    21.7

    34.7

    Industrials

    16.0%

    -7.1%

    8.0%

    20.0

    18.7

    22.0

    Materials

    10.2%

    -14.1%

    -4.9%

    19.5

    15.8

    16.6

    Financials

    9.9%

    -12.4%

    -3.4%

    14.6

    13.0

    16.3

    Real Estate

    8.3%

    -28.4%

    -21.6%

    18.3

    16.9

    24.7

    Healthcare

    0.3%

    -3.6%

    -3.3%

    18.2

    17.7

    17.3

    Consumer Staples

    -2.2%

    -3.2%

    -5.4%

    19.3

    20.6

    21.4

    Energy

    -4.8%

    59.0%

    51.8%

    10.9

    9.8

    11.1

    Utilities

    -10.2%

    -1.4%

    -11.4%

    15.9

    18.7

    20.4

    S&P 500
    SPX
    24.2%

    -19.4%

    0.4%

    19.7

    16.8

    21.6

    Dow Jones Industrial Average
    DJIA
    13.7%

    -8.8%

    3.8%

    17.6

    16.6

    18.9

    Nasdaq Composite
    COMP
    43.4%

    -33.1%

    -3.5%

    26.9

    22.6

    32.0

    Nasdaq-100
    NDX
    53.8%

    -33.0%

    3.5%

    26.3

    20.9

    30.3

    Source: FactSet

    A look at 2023 price action really needs to encompass what took place in 2022 for context. The broad indexes haven’t moved much from their levels at the end of 2022 (again, excluding dividends). We have included current forward price-to-earnings ratios along with those at the end of 2021 and 2022. These valuations have declined a bit, which may provide some comfort for investors wondering how likely it is for stocks to continue to rally in 2024.

    Biggest price increases among the S&P 500

    Here are the 20 stocks in the S&P 500 whose prices rose the most in 2023:

    Company

    Ticker

    2023 price change

    2022 price change

    Price change since end of 2021

    Forward P/E

    Forward P/E at end of 2022

    Forward P/E at end of 2021

    Nvidia Corp.

    NVDA,
    239%

    -50%

    68%

    24.9

    34.4

    58.0

    Meta Platforms Inc. Class A

    META,
    -1.22%
    194%

    -64%

    5%

    20.2

    14.7

    23.5

    Royal Caribbean Group

    RCL,
    -0.37%
    162%

    -36%

    68%

    14.3

    14.9

    232.4

    Builders FirstSource Inc.

    BLDR,
    -1.02%
    157%

    -24%

    95%

    14.2

    10.7

    13.3

    Uber Technologies Inc.

    UBER,
    -2.49%
    149%

    -41%

    47%

    56.9

    N/A

    N/A

    Carnival Corp.

    CCL,
    -0.70%
    130%

    -60%

    -8%

    18.7

    41.3

    N/A

    Advanced Micro Devices Inc.

    AMD,
    -0.91%
    128%

    -55%

    2%

    39.7

    17.7

    43.1

    PulteGroup Inc.

    PHM,
    -0.26%
    127%

    -20%

    81%

    9.1

    6.3

    6.2

    Palo Alto Networks Inc.

    PANW,
    -0.24%
    111%

    -25%

    59%

    50.2

    38.0

    70.1

    Tesla Inc.

    TSLA,
    -1.86%
    102%

    -65%

    -29%

    66.2

    22.3

    120.3

    Broadcom Inc.

    AVGO,
    -0.55%
    100%

    -16%

    68%

    23.2

    13.6

    19.8

    Salesforce Inc.

    CRM,
    -0.92%
    98%

    -48%

    4%

    28.0

    23.8

    53.5

    Fair Isaac Corp.

    FICO,
    -0.46%
    94%

    38%

    168%

    47.1

    29.3

    28.7

    Arista Networks Inc.

    ANET,
    -0.62%
    94%

    -16%

    64%

    32.7

    22.3

    41.4

    Intel Corp.

    INTC,
    -0.28%
    90%

    -49%

    -2%

    26.6

    14.6

    13.9

    Jabil Inc.

    JBL,
    -0.45%
    87%

    -3%

    81%

    13.5

    7.9

    10.3

    Lam Research Corp.

    LRCX,
    -0.81%
    86%

    -42%

    9%

    25.2

    13.5

    20.2

    ServiceNow Inc.

    NOW,
    +0.57%
    82%

    -40%

    9%

    56.0

    42.6

    90.1

    Amazon.com Inc.

    AMZN,
    -0.94%
    81%

    -50%

    -9%

    42.0

    46.7

    64.9

    Monolithic Power Systems Inc.

    MPWR,
    -0.23%
    78%

    -28%

    28%

    49.1

    27.3

    57.9

    Source: FactSet

    Click on the tickers for more about each company.

    Click here for Tomi Kilgore’s detailed guide to the wealth of information available for free on the MarketWatch quote page.

    Don’t miss: Nvidia tops list of Wall Street’s 20 favorite stocks for 2024

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  • Intel, Tesla, Apple, Iovance, NetEase, Coherus BioSciences, and More Stock Market Movers

    Intel, Tesla, Apple, Iovance, NetEase, Coherus BioSciences, and More Stock Market Movers

    Stock futures traded slightly lower Wednesday after the S&P 500 finished higher Tuesday and just 0.45% below its record close of 4,796.56 hit Jan. 3, 2022. The broad market index has risen 24% this year and has gained 4.5% this month as traders bet the Federal Reserve will begin cutting interest rates as soon as March.

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  • Bristol Myers to Acquire RayzeBio in Deal Valued at $4.1 Billion

    Bristol Myers to Acquire RayzeBio in Deal Valued at $4.1 Billion

    Bristol Myers Squibb will acquire radiopharmaceutical therapeutics company RayzeBio for $62.50 a share in cash.

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  • Bluebird Bio Stock Is in Free Fall

    Bluebird Bio Stock Is in Free Fall

    Two weeks ago, bluebird bio secured Food and Drug Administration approval for its gene therapy for sickle cell disease, a significant milestone for the roughly 100,000 people in the U.S. who suffer from the condition.

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  • Alphabet, Heico, Bluebird Bio, Plug Power, UBS, FedEx, and More Stock Market Movers

    Alphabet, Heico, Bluebird Bio, Plug Power, UBS, FedEx, and More Stock Market Movers

    Stock futures traded flat Tuesday, a day after the S&P 500 finished up 0.5% and moved closer to its all-time. The broad market index stands just 1.2% below its record of 4,796.56 reached in early January 2022.

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  • SmileDirectClub winds down operations — but customers are told to keep paying

    SmileDirectClub winds down operations — but customers are told to keep paying

    SmileDirectClub Inc. said late Friday it was winding down operations, effective immediately, seeming to cast its millions of customers adrift — except when it comes to their bills.

    SmileDirectClub
    SDCCQ,
    -45.32%

    said in a statement that its aligner treatment is not available to new customers. For existing customers, the company said, “we apologize for the inconvenience, but customer care support is no longer available” through its telehealth program, including periodic check-ins.

    The company did not immediately return a request for comment.

    People on the company’s SmilePay plan will need to make all payments until paid in full, the company said. SmileDirect also ended its lifetime guarantee.

    For those seeking refunds, the company said that “there will be more information to come once the bankruptcy process determines next steps and additional measures customers can take.”

    The company in late September filed for bankruptcy protection, saying it was seeking to find investors for a “comprehensive recapitalization.” In January, it laid off workers and ended a few international operations in a bid to become profitable.

    The company has long attracted criticism for its teledentistry model, which it has said aims to disrupt the orthodontics industry. There were allegations a few years ago that it had harmed customers by breaking teeth and causing nerve damage, which the company denied.

    Setbacks also include a scathing report from a short seller; regulatory action in California, Alabama and Georgia; and opposition to the company’s business practices from medical organizations including the American Dental Association and the American Association of Orthodontists.

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  • Roche's Inavolisib Breast Cancer Drug Shows Promise in Late-Stage Study

    Roche's Inavolisib Breast Cancer Drug Shows Promise in Late-Stage Study

    By Mauro Orru

    Roche Holding said its investigational treatment, inavolisib, showed promise in a late-stage study to treat patients with breast cancer.

    The Swiss pharmaceutical company said Tuesday that the phase 3 study met its primary endpoint of progression-free survival, showing that inavolisib, in combination with palbociclib and fulvestrant, delivered a statistically significant and clinically meaningful improvement compared to palbociclib and fulvestrant alone.

    While Roche acknowledged that overall survival data were immature at this stage, it said it had observed a clear positive trend. The inavolisib combination was well tolerated.

    The group said inavolisib is an investigational, oral targeted treatment with potential to provide durable disease control.

    Write to Mauro Orru at mauro.orru@wsj.com

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