Category: Latest News
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Madrigal Shares Slip After FDA Clears Novo Nordisk’s Wegovy for MASH
Madrigal Pharmaceuticals (NASDAQ:MDGL) fell 4% in pre-market trading Monday after the U.S. Food and Drug Administration granted approval to Novo Nordisk’s (NYSE:NVO) Wegovy for treating adults with noncirrhotic metabolic dysfunction-associated steatohepatitis (MASH) and moderate to advanced liver fibrosis. The green light from regulators adds new competitive pressure for Madrigal, whose lead therapy Rezdiffra is also…
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TeraWulf Stock Slips Despite Google Boosting Stake to 14%
TeraWulf (NASDAQ:WULF) shares dropped 3% in early Monday trading, even as the company revealed that Google (NASDAQ:GOOGL) is raising its equity position in the Bitcoin mining and data center operator. The tech giant plans to lift its ownership to about 14%, up from roughly 8%, under the terms of a new CB-5 lease arrangement. As…
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BioXcel Shares Jump After Encouraging FDA Feedback on BXCL501 Home-Use Expansion
Shares of BioXcel Therapeutics, Inc. (NASDAQ:BTAI) surged 32% after the U.S. Food and Drug Administration provided positive responses during a pre-sNDA meeting regarding the potential at-home use of BXCL501 for managing agitation in patients with bipolar disorder or schizophrenia. The company announced that, based on feedback received from the FDA on August 14, 2025, it…
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Gold Edges Up as Russia-Ukraine Tensions and Jackson Hole Take Center Stage
Gold prices inched higher on Monday, recovering from a more than two-week low as uncertainty over the Russia-Ukraine conflict persisted. At 04:55 ET (08:55 GMT), spot gold rose 0.4% to $3,348.30 an ounce, while October gold futures gained 0.3% to $3,393.97/oz. The yellow metal had dropped last week after U.S. President Donald Trump met with…
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Dollar edges up ahead of Washington talks; Jackson Hole in focus
The U.S. dollar inched higher on Monday as markets braced for a week shaped by efforts to resolve the Ukraine conflict and the highly anticipated Federal Reserve Jackson Hole symposium. At 03:00 ET (08:00 GMT), the Dollar Index, which measures the greenback against six major currencies, rose 0.2% to 97.890 after last week’s 0.4% decline.…
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Tesla Cuts UK Leasing Costs Amid Slumping Sales
Tesla Inc (NASDAQ:TSLA) is offering substantial discounts of up to 40% to car leasing companies in the United Kingdom in an effort to boost declining sales, according to The Times on Monday. The electric vehicle maker, led by Elon Musk, has been facing a significant contraction in its global market share. Industry sources told The…
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Oil Prices Steady as Trump-Putin Meeting Calms Russian Supply Concerns
Oil prices held relatively steady in Asian trade on Monday following last week’s declines, as concerns over Russian crude supplies eased after U.S. President Donald Trump met with Russian President Vladimir Putin. At 12:15 a.m. ET (04:15 GMT), Brent crude for October delivery was largely flat at $65.84 per barrel, while West Texas Intermediate (WTI)…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Trump-Zelensky Meeting Looms, Fed Rate Outlook Captures Investor Attention
U.S. stock futures showed little movement ahead of a critical Washington meeting between President Donald Trump and Ukrainian President Volodymyr Zelensky. Investors are also watching the Federal Reserve closely, with minutes from the central bank’s July policy meeting and a speech by Chair Jerome Powell scheduled later this week. Meanwhile, cybersecurity firm Palo Alto Networks…
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BofA Sees Brent Crude Averaging $63.50 in Late 2025, Potential Dip Below $60
Bank of America is sticking to its cautious view on Brent crude prices for the second half of 2025, anticipating an average of $63.50 per barrel and warning that prices could temporarily fall below the $60 mark. The bank expects an average oversupply of about 890,000 barrels per day from July 2025 through June 2026,…
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Wolfe Research Maps Out Four Possible Paths for the U.S. Economy
The U.S. economy may experience a stretch of robust job growth paired with lingering underlying inflation in the months ahead, according to Wolfe Research analysts. In a recent note, the team led by Chris Senyek suggested that if this outlook materializes, the Federal Reserve would likely maintain its current interest rate range of 4.25% to…