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Trends
- 1Top US Stock Fund Managers Turn Defensive Amid Higher Rates▼Higher Rates Have These Top US Stock Fund Managers Taking a More Defensive Stance
Morningstar reports that several top-performing US stock fund managers are shifting to a more defensive posture as interest rates stay elevated. The managers are repositioning portfolios away from rate-sensitive growth stocks toward sectors seen as better insulated, a sign that persistent higher-for-longer borrowing costs are changing how even successful investors are approaching the American equity market.
- 2AbbVie wins FDA approval for new Parkinson's drug Juvmo●AbbVie lands FDA approval for next-generation Parkinson’s drug, Juvmo
AbbVie has received US Food and Drug Administration approval for Juvmo, described as a next-generation treatment for Parkinson's disease. The decision adds a new option to AbbVie's neurology portfolio and gives patients and doctors an additional therapy for managing the progressive movement disorder.