Political Front

On Tuesday Iranian President Mahmoud Ahmadinejad said that Iran has joined the club of nuclear countries by successfully enriching uranium for the first time. Iran claims that their venture into the nuclear arena is purely a peaceful energy program. Now if they expect the world to believe that their intentions are noble then they have another thing coming as the United Nations is sending their nuclear watchdog to Iran. Keep in mind that Uranium enrichment can be used to produce fuel for a nuclear reactor or an atomic warhead.

It looks like China, ahead of the United States visit from Chinese President Hu Jintao, may lift the ban on U.S. Beef imports as a goodwill gesture. China has been making deals from airplanes to technology, they are gearing up to be a player in global business.

Movers and Shakers

Some major movers in yesterdays trading session include Brilliance China Auto (NYSE: CBA) trading up $2.64 to close at $18.94, Piper Jaffray (NYSE:PJC) trading up $5.90 to close at $61.10, Advanced Medical Optics (NYSE: EYE) getting a boost from Bausch & Lomb