Category: Latest News

BioNTech SE (NASDAQ:BNTX) and Bristol Myers Squibb (NYSE:BMY) have unveiled a sweeping global alliance to jointly develop and commercialize BioNTech’s bispecific antibody candidate, BNT327. Designed to treat a range of solid tumors, BNT327 targets two key proteins – PD-L1 and VEGF-A – known to play pivotal roles in cancer growth and immune evasion. This collaboration,…

The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a lower open on Monday, with stocks likely to move to the downside after ending last Friday’s volatile session little changed. Renewed trade concerns are likely to weigh on the markets amid further signs of rising tensions between the…

In a recent client note, RBC Capital updated its year-end 2025 target for the S&P 500 to 5,730, a modest increase from their previous projection of 5,550. However, the firm cautions that despite this higher target, the index is still likely to experience a decline from current levels before the year closes. RBC analysts described…

Last year, several high-ranking Tesla Inc (NASDAQ:TSLA) executives were taken aback when Elon Musk publicly denied a Reuters report that claimed the company had scrapped its plan to develop a $25,000 electric vehicle, sources told Reuters. Shortly after Reuters published the report on April 5, 2024, Musk took to X (formerly Twitter) to call the…

Moderna (NASDAQ:MRNA) saw its stock rise nearly 5% in premarket trading on Monday following the U.S. Food and Drug Administration’s approval of its next-generation COVID-19 vaccine, mNEXSPIKE. The vaccine is authorized for use in adults aged 65 and older, as well as individuals aged 12 to 64 who have at least one underlying condition that…

In early Monday trading, Tesla (NASDAQ:TSLA) and six other major tech stocks, collectively known as the ‘Magnificent Seven,’ saw modest declines amid growing worries over global trade tensions and geopolitical instability. The group includes Tesla, Alphabet (NASDAQ:GOOGL), Nvidia (NASDAQ:NVDA), Meta (NASDAQ:META), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), and Microsoft (NASDAQ:MSFT). Tesla shares dropped 2.1%, while Alphabet bucked…

On Monday, semiconductor stocks declined amid news that the U.S. administration under President Trump is set to strengthen restrictions on China’s tech industry by broadening existing regulations to cover subsidiaries of companies already under sanctions. A report from Bloomberg on Friday detailed a proposed rule requiring U.S. government approval for any transactions involving companies majority-owned…

Tesla (NASDAQ:TSLA) has opted not to establish a manufacturing base in India, despite the Indian government’s rollout of a new electric vehicle (EV) policy intended to attract global automakers, a government official confirmed on Monday. The revised policy, which took over a year to finalize, was widely viewed as a strategic effort to lure Tesla…

U.S. stock futures slid on Monday, pressured by mounting trade tensions between Washington and Beijing, just as hopes for a Federal Reserve interest rate cut later this year remained in play. Meanwhile, crude oil prices and Bitcoin both made strong moves upward, providing contrasting signals in the broader financial landscape. U.S.-China Friction Reignites Fears of…

The OPEC+ alliance is reportedly weighing a more substantial oil production boost for July, potentially exceeding the previous monthly increases of 411,000 barrels per day (bpd) seen in May and June, according to a Reuters report released Friday. While the alliance had initially agreed on gradual increases, eight member nations have already accelerated their output,…