Nidec (NJDCY) shares gained another 7.69% today, after the maker of electric motors for hard drives, robots, and electric vehicles, raised its annual outlook for the fiscal year that ends on March 31. The new outlook forecasts operating income of 155 billion yen ($1.5 billion) versus the older forecast of 140 billion yen. The company authorized share buybacks of up to 50 billion yen, or about 0.7% of the company's stock.
The president believes there is enough muscle memory left in an institution where he served 36 years to actually get it working again.
Janet Yellen was confirmed by the Senate to serve as Treasury secretary. She'll be the first woman to hold that post and will lead the Biden administration's efforts to address the pandemic recession.
The plan had been hailed by many physicians as loosening requirements they said had slowed their response to the opioid crisis. But legal experts said HHS lacked authority to issue the guidelines.