Author: Fiona Craig

TD Cowen has downgraded Warner Bros. Discovery (NASDAQ:WBD) from Buy to Hold, citing that the stock’s recent surge on acquisition rumors has pushed it far above what the firm considers fair value. The bank maintained its price target of $14 per share. “Warner Bros. Discovery shares have surged well beyond our $14 price target following…

New research suggests that Novo Nordisk’s (NYSE:NVO) weight-loss medication Wegovy can help patients reduce persistent thoughts about eating, potentially widening the drug’s use beyond just weight management. Novo Nordisk’s U.S.-listed shares jumped 2.6% in premarket trading Tuesday as of 06:32 ET. Presented at a medical conference in Austria, the findings showed that patients taking Wegovy…

The Last Week’s Deals Churchill Capital Corp X (NASDAQ:CCCX) reported a deal to acquire neutral atom–based quantum technology company Infleqtion. The deal, which reflects an equity value of $1.8bn, includes a $127mm PIPE led by Maverick Capital, Counterpoint Global (Morgan Stanley), and Glynn Capital. No timeline for closing was given.  Vine Hill Capital Investment Corp.…

The U.S. dollar fell to a two-month low on Tuesday as investors positioned ahead of the Federal Reserve’s upcoming policy decision and the release of August retail sales data. By 04:25 ET (08:25 GMT), the Dollar Index, which measures the greenback against six major currencies, dipped 0.2% to 96.727, its weakest level since July. Dollar…

Nvidia’s (NASDAQ:NVDA) latest AI chip for the Chinese market, the RTX6000D, has seen only limited uptake since its release, with some major tech companies holding off on purchases, Reuters reported Tuesday, citing sources familiar with procurement talks. The RTX6000D, designed mainly for AI inference applications, carries a price tag of roughly 50,000 yuan ($7,000). Industry…

Shares of Webtoon Entertainment (NASDAQ:WBTN) surged by up to 64% in early trading on Tuesday after Walt Disney (NYSE:DIS) revealed plans to acquire a 2% ownership stake in the digital comics company. Under the new collaboration, Disney will work with Webtoon to feature its popular comic titles on a revamped digital platform and companion app.…

U.S. equity futures showed modest gains on Tuesday as traders awaited key economic data and a Federal Reserve interest rate decision later this week. August retail sales are expected to offer clues about consumer resilience amid ongoing concerns over tariffs imposed by President Donald Trump. On the regulatory front, a federal appeals court blocked Trump’s…

Gold prices edged higher in Asian trading on Tuesday, nearing $3,700 per ounce, as markets priced in a likely Federal Reserve interest rate cut later this week. Investor demand for the safe-haven metal was also supported by ongoing concerns about the central bank’s independence. Spot gold rose 0.1% to $3,681.20 per ounce by 01:42 ET…

Oil prices rose in Asian trading on Tuesday, extending recent gains as ongoing attacks on Russian energy infrastructure by Ukraine heightened concerns over potential supply disruptions. The escalation comes after Russian forces launched a major offensive in southeastern Ukraine, including the city of Zaporizhzhia, following several weeks of Ukrainian strikes targeting Russian oil facilities. Market…