Category: Top Story
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Novo Nordisk CEO Says White House Pricing Deal Aims to Expand Wegovy Access
Novo Nordisk (NYSE:NOV) chief executive Mike Doustdar said Monday that the company’s newly announced agreement with the White House—aimed at lowering the cost of its leading weight-loss medicines—is intended to widen access through the U.S. Medicare system. “It would be a pity if this molecule (semaglutide) is only being used by the upper class and…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, U.S. Stocks Poised for a Quiet Open as Traders Await Economic Data and Nvidia Results
U.S. equity futures pointed to a muted start on Monday, suggesting that Wall Street may struggle to find clear direction as investors await several delayed economic reports and key corporate earnings later in the week. Markets ended last Friday nearly unchanged after staging a notable intraday rebound, and traders appear hesitant to make bold moves…
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Five Market Themes to Watch in the Coming Week
Corporate earnings will take center stage in the days ahead, with artificial-intelligence leader Nvidia (NASDAQ:NVDA) set to deliver a closely watched quarterly update. Retail heavyweight Walmart (NYSE:WMT) is also on deck. Meanwhile, the end of the extended U.S. federal government shutdown means investors will finally get a fresh batch of official economic data. These releases…
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Alphabet set for sharp gains after Berkshire Hathaway unveils $4.3B position
Shares of Alphabet Inc. were poised for a strong jump on Monday, according to 24-hour trading data, after Warren Buffett’s conglomerate Berkshire Hathaway revealed a multibillion-dollar investment in the Google parent. Alphabet Inc. (NASDAQ:GOOGL) climbed 6.1% to $293.40 in Sunday evening after-hours trading on Robinhood, briefly touching gains of up to 7%. The rally follows…
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Peter Thiel Sells Entire Nvidia Position and Cuts Tesla Stake as AI Bubble Worries Grow
Billionaire investor Peter Thiel fully divested his holdings in artificial-intelligence giant Nvidia, according to weekend regulatory filings, amid intensifying fears that tech valuations are being inflated by the AI boom. Filings show that Thiel sold roughly 537,742 shares of NVIDIA Corporation (NASDAQ:NVDA) between July and September. A Form 13F from his Thiel Macro fund revealed…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, U.S. Data Set to Resume as Traders Await Nvidia Results: What’s Driving Markets
Futures tied to the major U.S. equity benchmarks pushed higher on Monday as investors prepared for a packed week marked by the return of official U.S. economic data releases and a high-profile earnings update from tech heavyweight Nvidia (NASDAQ:NVDA). September’s delayed U.S. employment report is finally expected after the prolonged government shutdown, while Nvidia’s results…
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UBS Says Gold Could Surge to $4,700 as Political and Financial Risks Intensify
UBS strategists believe gold prices could climb as high as $4,700 an ounce, supported by rising political and financial market risks that continue to drive safe-haven demand — even as the likely resolution of the U.S. government shutdown improves investor sentiment. According to the bank, the recent pause in gold’s rally is only temporary.“We think…
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Yardeni Research Flags Electricity Shortages as a Major Threat to AI Data Center Expansion
Analysts at Yardeni Research say the artificial intelligence boom may face a fundamental constraint: a shortage of available power. In their view, insufficient electricity could become the industry’s “Achilles’ heel” as demand for AI-focused data centers accelerates. The rapid rollout of AI applications has triggered a wave of investment in new facilities designed to support…
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Wall Street Set for Steeper Losses on Valuation Fears and Rate Uncertainty
U.S. stock futures pointed sharply lower on Friday, signaling that Wall Street may face another wave of selling after Thursday’s steep decline. Technology shares look set to remain a major drag on the market, with chipmakers Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) sinking more than 3 percent in premarket trading amid renewed valuation worries.…
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AI boom is mirroring past speculative cycles and may be nearing its peak, BCA warns
Artificial intelligence is exhibiting the same telltale signs seen in earlier investment bubbles that eventually collapsed, according to a new analysis from BCA Research, which cautions that the current surge could begin to fade within the next year. In a report authored by Peter Berezin, BCA’s chief global strategist, the firm argues that its review…