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The Street
The Street
Business
Daniel Kuhn

What Biden's 'Windfall of War' Mean for Markets As FOMC Meeting Kicks Off

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Action Alerts PLUS co-portfolio manager Chris Versace joins TheStreet's Katherine Ross to break down Wall Street's biggest news stories live from the New York Stock Exchange. 

More on Today's Top Stories:

  • U.S. equity futures climbed Tuesday as markets kicked off November trading with earnings, mergers and acquisitions, China's Zero-Covid policy and the upcoming decision from the Federal Reserve in focus. 

    Uber (UBER) reported adjusted earnings for the quarter were $516 million, just ahead of the  consensus of around $462 million. 

    President Joe Biden took aim at Big Oil, accusing top companies of making "a windfall of war" that powered record profits but left Americans paying more for gas and home heating. 

    Pfizer (PFE) reported quarterly adjusted earnings of $1.78 per share, a 40.2% increase from the same period last year and well ahead of consensus forecasts of $1.39 per share. 

    Abiomed (ABMD) agreed to a $16.6 billion takeover by Johnson & Johnson (JNJ) that expands the group's ambitions to grow its pharmaceutical and medical devices businesses over the coming years.

    TheStreet is live every weekday at 9:30 a.m. ET. Join us for the latest market commentary, insight and analysis here.

    And see how Chris Versace and co-portfolio manager Bob Lang are trading today over on Action Alerts PLUS. 

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