Mohamed El-Erian, Allianz SE’s chief economic adviser, said Federal Reserve Chair Janet Yellen took a less aggressive stance than he thought she would on tightening monetary policy. Her remarks Wednesday were “somewhat more dovish than what I would’ve expected given what’s happening on the ground in the economy,” El-Erian said in a Bloomberg Television interview.

Mohamed El-Erian, Allianz SE’s chief economic adviser, said Federal Reserve Chair Janet Yellen took a less aggressive stance than he thought she would on tightening monetary policy. Her remarks Wednesday were “somewhat more dovish than what I would’ve expected given what’s happening on the ground in the economy,” El-Erian said in a Bloomberg Television interview.

Branded drug companies’ share of total U.S. spending on their products is declining, in part because of an increase in secret rebates paid to middlemen, according to an analysis sponsored by an industry group that’s been seeking to deflect scrutiny of rising prices. Of the estimated $349.1 billion that insurers and patients paid for brand-name drugs in 2015, $218.6 billion, or 63 percent, was realized as revenue by drugmakers, according to an analysis paid for by the Washington drug lobby, Pharmaceutical Research and Manufacturers of America.

Even with an incredible baker for a mom, I always found hitting up the Entenmann’s Outlet to be an extravagant highlight. Rows and rows of cakes, donut holes, donuts, crumbles, you name it – millions of discounted calories for as low as a dollar.

While sentiment and stock performance has turned positive for Disney , the stock has run up 26% over the last year, all may not be well at the owner of ABC, Lucas Films and ESPN, among other media properties. “We believe the risk/reward skews negatively and continue to see more negative data points than positive ones for ESPN, which we believe will remain the dominant theme for the stock,” wrote Daniel Salmon, analyst at BMO Capital Markets in a research note on Wednesday.

Via Twitter and Facebook this morning, Shark Tank investor Kevin O’Leary announced that he will be running for the Canadian Conservative leadership. It’s official, I’m in.

IBM, which enjoys the sustained support of investing legend Warren E. Buffett , has the odd distinction of being among just a handful of top-tier companies with 18 consecutive quarters of zero revenue growth. However, after three years of negative annual stock returns, IBM sprang to life last year with a nearly 21% increase, surpassing other technology titans such as Amazon, with gains of about 11%; Apple, up 10%, and Facebook, up 9.9%.

For 20 years, I — the “Anti-Cramer” — have been a voracious reader of Jim “El Capitan” Cramer; I have read nearly every word he has written over the two-decade period. I often disagree with Jim on the markets, sectors and individual stocks.

Unfortunately, the farther back you go on a chart the less reliable a support or resistance zone becomes. It is said that the market has a memory but memories fade with time.

Although the indices continue to hold above key technical levels this has not been an easy market to trade. The stocks that work one day are not working the next.

The lessons for investors are all around us — we just need to pay attention. This one is a bit frightening, and could have had a very bad ending.

Renegotiation of the North American Free Trade Agreement with Canada and Mexico will be the Trump administration’s first trade priority, U.S. Commerce Secretary nominee Wilbur Ross said on Wednesday at his confirmation hearing. Ross also told the U.S. Senate Commerce, Science and Transportation Committee that China was the “most protectionist” country among large economies.

Former U.S. President George H.W. Bush has been hospitalized, KHOU 11 News reported Wednesday, citing his office chief of staff Jean Becker. Bush, who is 92 years old, is “doing fine,” Becker told the CBS affiliate station.