Author: Fiona Craig
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Celcuity Shares Double After Landmark Breast Cancer Drug Trial Results
Celcuity Inc. (NASDAQ:CELC) saw its stock soar by more than 100% on Monday following the release of groundbreaking Phase 3 trial data for its experimental breast cancer drug, gedatolisib. The therapy demonstrated unprecedented effectiveness in patients with hormone receptor-positive, HER2-negative advanced breast cancer. According to the company, the combination of gedatolisib with palbociclib and fulvestrant—known…
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CervoMed Shares Surge After Promising Dementia Drug Trial Results
Shares of CervoMed Inc. (NASDAQ:CRVO) jumped 30% on Monday following the release of new clinical data suggesting that its investigational therapy, neflamapimod, may significantly slow disease progression in patients with dementia with Lewy bodies (DLB). The Boston-based biotech firm unveiled 32-week results from its RewinD-LB trial, indicating that patients who received neflamapimod experienced a 54%…
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Gold Drops as BofA Cautions on Automated Selling Risk
Gold prices slid on Monday amid warnings from Bank of America that further weakness could set off automatic selling by commodity trading advisors (CTAs). The metal has been facing persistent downside pressure, with prices approaching levels that could activate stop-loss mechanisms used by trend-based trading systems. Bank of America’s analysts believe that many trend-following investors…
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Dollar strengthens, euro declines after U.S.-EU trade agreement
The U.S. dollar gained ground on Monday as the euro slipped, following the announcement of a trade deal between the United States and the European Union just ahead of this week’s Federal Reserve meeting. By 04:25 ET (08:25 GMT), the Dollar Index, which tracks the greenback against six other major currencies, was up 0.4% at…
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Oil Prices Gain on US-EU Trade Deal; OPEC+ Production Strategy Under Scrutiny
Oil prices in Asian trading saw a modest uptick on Monday after falling to three-week lows last week. The rebound was sparked by the announcement of a US-European Union trade agreement that eased fears of tariff hikes and boosted optimism about future energy demand. As of 21:47 ET (01:47 GMT), September Brent crude futures rose…
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Dow Jones, S&P, Nasdaq,Wall Street Futures Climb Ahead of Key U.S.-EU Trade Pact and U.S.-China Negotiations
U.S. stock futures moved higher Monday following the announcement of a significant trade agreement between the United States and the European Union, easing fears of a trade war that could have disrupted global markets. Market focus now shifts to trade talks between the U.S. and China in Sweden, where reports indicate the two economic giants…
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Tesla and Samsung Shares Climb After Musk Unveils Major $16.5 Billion Chip Deal
Shares of Tesla (NASDAQ:TSLA) and Samsung Electronics (USOTC:SSNHZ) rose on Monday following Elon Musk’s announcement of a multi-billion-dollar chip partnership between the two tech giants. The deal, valued at $16.5 billion, is expected to significantly support Samsung’s contract chip manufacturing business, which has struggled to turn a profit. Samsung’s stock jumped nearly 7% on the…
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BCA’s Gertken: AI Advances May Trigger Political and Global Turbulence
The rapid expansion of artificial intelligence may lead to both political unrest at home and rising global tensions, according to BCA Research’s Chief Geopolitical Strategist Matt Gertken. In a recent note, Gertken highlighted the potential for AI to disrupt traditional systems of governance and international cooperation. His comments followed two significant moves by the Trump…
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“Traditional money” is entering crypto — Former Goldman Sachs exec explains why
The entry of “traditional money” into the cryptocurrency market is “not surprising,” according to Hong Yea, former Executive Director at Goldman Sachs. He points to recent developments attracting institutional investors eager to diversify their portfolios. Wall Street has funneled $35 billion into Bitcoin-focused exchange-traded funds (ETFs) in 2024, Forbes reported, with an additional $50 billion…
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Needham Warns: Apple Risks Falling Behind Without GenAI Commitment
Apple (NASDAQ:AAPL) must engage more aggressively in the generative AI race or risk long-term strategic setbacks, according to a new note from analysts at Needham. Ahead of Apple’s upcoming third-quarter earnings call, the firm urged caution for investors, citing growing pressure on the company to lay out a clear AI roadmap. “We do not believe…