AbbVie Joins Obesity Treatment Market With Up to $2.2B Licensing Deal
Drugmaker AbbVie has agreed to license a weight-loss drug currently in development from Gubra for up to about $2.2 billion, marking its entry into the obesity treatment market.
Fed's Musalem watching growth risks and rising inflation expectations as he urges 'patient approach' to rates
St. Louis Fed president Alberto Musalem said Monday that he is closely watching longer-term inflation expectations and downside risks to growth as he argues for maintaining a 'patient approach' to monetary policy.
OPEC+ to proceed with planned April oil output hike
LONDON (Reuters) -OPEC+ has decided to proceed with a planned April oil output increase, the group said on Monday, a move that follows U.S. President Donald Trump renewing pressure on OPEC and Saudi Arabia to bring down prices. The increase is the first since 2022 from OPEC+, which includes the Organization of the Petroleum Exporting Countries, plus Russia and other allies. Oil was trading 2% lower towards $71 a barrel at 1900 GMT.
Wedbush Calls Palantir a Top Stock to Own in 2025
Wedbush analysts called Palantir one of their "top names" to own in 2025, expecting the stock to benefit from a "tidal wave of spending on AI."
Trump’s tariff tactics carry higher economic risks than during his first term
When Donald Trump started the biggest trade war since the 1930s in his first term, his impulsive combination of threats and import taxes on U.S. trading partners created chaos, generated drama -- and drew criticism from mainstream economists who favor free trade. The trade war sequel that Trump has introduced in his second term is likely to be a different matter altogether. Trump appears to have grander ambitions and is operating in a far more treacherous economic environment this time.
Bitcoin dips below $90,000 on Trump's news of $100 billion chip plant investment
“The U.S. president is now the driving force for crypto market movements,” one expert said.
Here's Why Bitcoin and Ethereum Are Soaring Today
Many cryptocurrencies skyrocketed over the weekend. Industry giant Bitcoin (CRYPTO: BTC) gained 13% from Friday's market close to 9:15 a.m. ET on Monday. Smart contracts veteran Ethereum (CRYPTO: ETH) posted a 15.4% gain over the same period.
Starmer’s defence plan sends markets to record high
The FTSE 100 hit a record high today after Sir Keir Starmer held an emergency peace summit in London yesterday.
XRP and Solana soar then falter as Trump announces plans for a multi-asset crypto reserve
The president said that XRP, SOL and ADA will be included in a national crypto stockpile with Bitcoin and Ethereum.
Chipotle Stock Rises After Morgan Stanley Turns Bullish
Chipotle Stock Rises After Morgan Stanley Turns Bullish