Category: Latest News
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Novo Nordisk shares retreat after ADA conference updates fail to excite investors (NVO)
Novo Nordisk (NYSE:NVO) shares fell 3% on Monday as investors digested new data and commercial updates presented by the company during the American Diabetes Association (ADA) conference over the weekend. While the event featured encouraging clinical findings for Novo’s next-generation diabetes therapies, analysts said the overall readout provided little that would materially alter the company’s…
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Alvotech shares jump after FDA accepts Entyvio biosimilar application for review (ALVO)
Alvotech (NASDAQ:ALVO) shares climbed 12% in premarket trading on Thursday after the biotechnology company announced that the U.S. Food and Drug Administration has accepted its Biologics License Application for AVT16, an interchangeable biosimilar candidate to Entyvio. The regulatory development represents an important step forward for Alvotech as it advances plans to compete in the market…
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Five key market events investors will be watching this week
Markets face a packed agenda in the days ahead, with investors preparing for a potentially record-breaking SpaceX IPO, crucial U.S. inflation figures, a European Central Bank policy decision, and earnings reports from technology giants Oracle and Adobe that could offer fresh insight into the strength of the artificial intelligence theme. 1. SpaceX prepares for landmark…
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AI-linked stocks advance as Trump explores public ownership model for AI firms
Shares of several artificial intelligence-related companies moved higher in premarket trading on Monday after U.S. President Donald Trump said his administration is considering a proposal that could give the American public a direct stake in leading AI businesses. Speaking to reporters aboard Air Force One on Friday, Trump revealed that discussions had taken place with…
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Nvidia deepens South Korea ties through new AI partnerships (NVDA)
Nvidia (NASDAQ:NVDA) unveiled a series of strategic agreements with some of South Korea’s largest technology groups on Monday, strengthening its position in the artificial intelligence ecosystem while securing key relationships across memory chips, cloud infrastructure and robotics. The partnerships were announced during a visit to South Korea by Chief Executive Jensen Huang, who arrived in…
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Oil surges as Israeli strikes on Iran and Lebanon reignite supply concerns
Oil prices rallied sharply on Monday, climbing more than $4 a barrel as renewed military action involving Israel, Iran and Lebanon heightened fears over energy supply disruptions and cast doubt on hopes for a near-term resolution to the conflict. Brent crude futures advanced $4.42, or 4.47%, to $97.15 a barrel by 0609 GMT, while U.S.…
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Gold slides to 11-week low as Fed rate expectations and oil rally pressure bullion
Gold prices fell further on Monday, touching their lowest level in nearly three months as stronger U.S. economic data reinforced expectations that the Federal Reserve could keep interest rates elevated for longer, while rising oil prices added to inflation concerns. Spot gold declined 0.8% to $4,296.08 an ounce by 02:49 ET (06:49 GMT), marking its…
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Middle East tensions, AI concerns and Apple’s developer event dominate market attention: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures traded mixed on Monday as investors weighed renewed military exchanges between Iran and Israel alongside growing doubts over the sustainability of the artificial intelligence-driven market rally. Attention is also turning to Apple’s (NASDAQ:AAPL) annual Worldwide Developers Conference, where artificial intelligence initiatives are expected to take centre stage. Futures mixed after Wall Street…
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Barclays Sees Growing Risk of Pause in AI-Led Technology Stock Surge
Barclays strategists are cautioning that the powerful rally driven by artificial intelligence themes in semiconductor and technology stocks may be approaching a period of consolidation. They point to increasingly crowded investor positioning, a growing pipeline of equity issuance and a packed schedule of economic events as factors that could challenge further gains. The MSCI World…
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Smartphone Industry Braces for Record Annual Decline as Memory Chip Shortages Deepen
The global smartphone market is on track for its largest yearly decline ever recorded, with device shipments expected to fall 13.9% in 2026 to approximately 1.08 billion units, according to new projections released by Counterpoint Research. The latest forecast represents a deterioration from the firm’s February estimate, which had anticipated a 12.4% annual decline. Analysts…