Category: Top Story
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Eli Lilly Shares Rise 1.6% as Berenberg Upgrades Stock to Buy
Eli Lilly (NYSE:LLY) shares rose 1.6% to $1,155.96 in premarket trading on Tuesday after Berenberg upgraded the pharmaceutical company to Buy from Hold and raised its price target. The broker increased its target to $1,400 from $1,220, citing Lilly’s position in the obesity and diabetes treatment markets, including its Zepbound and Mounjaro products. Berenberg also…
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Coinbase Shares Fall 4.4% as Bitcoin and Ether Decline Ahead of CLARITY Act Vote
Coinbase (NASDAQ:COIN) shares fell 4.4% in premarket trading on Tuesday as Bitcoin and Ether moved lower ahead of a procedural US Senate vote on digital-asset legislation and Wednesday’s Federal Reserve interest-rate decision. Bitcoin (COIN:BTCUSD) declined approximately 2.9% to around $76,834, while Ether (COIN:ETHUSD) recorded a larger percentage decline. Other crypto-linked equities also traded lower alongside…
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BofA Raises US Semiconductor Growth Forecast to 18% Through 2030
Bank of America raised its growth forecast for the US semiconductor industry, projecting an 18% compound annual growth rate between 2026 and 2030, compared with its previous estimate of 14%. The bank attributed the revision primarily to higher expectations for memory chips and server-related components, with data centres expected to contribute to industry demand. BofA…
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US Stock Futures Fall Ahead of Fed Meeting as Oil and Treasury Yields Rise: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures moved lower on Tuesday ahead of the Federal Reserve’s two-day monetary policy meeting, while investors also monitored higher oil prices, Treasury yields and developments in the Middle East. At 03:20 ET, Dow futures were down 266 points, or 0.5%, while S&P 500 futures declined 28 points, or 0.4%. Nasdaq 100 futures fell…
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AI Slowdown Warning Sparks Chip Selloff as Yields Top 5%
US stocks closed lower on Monday after leaders of the biggest artificial-intelligence companies used the weekend to call for a slowdown in AI development, rattling the chipmakers that have powered much of the market’s advance this year. A jump in oil prices and a climb in Treasury yields added to the pressure, leaving all three…
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Why a Major Gold Producer Invested $5.4M Before Phenom’s First Drill Hole
In exploration, a promising gold target is one thing. Having a major gold producer invest before you’ve even drilled the first hole is quite another. Hello, I’m Ricki Lee, and this is The Capital Compass. Today we’re looking at Phenom Resources (USOTC:PHNMF) (TSXV:PHNM), a Nevada-focused explorer with exposure to both gold and vanadium — but…
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Oracle Begins New Round of Job Cuts as AI Infrastructure Spending Rises – Report
Oracle Corp (NYSE:ORCL) has begun another round of job cuts, Business Insider reported on Monday, citing three affected employees and an email obtained by the publication. The layoffs began on Monday, in line with expectations from a source familiar with the matter, according to the report. An Oracle spokesperson had not responded to a request…
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Johnson & Johnson Shares Rise on Reported Apollo Talks for Orthopedics Unit
Johnson & Johnson (NYSE:JNJ) shares rose 1.3% to $268.96 in pre-market trading on Monday following a report that Apollo Global Management (NYSE:APO) is in discussions to acquire the healthcare group’s orthopedics business. Bloomberg News reported on Friday that a potential transaction could value the division at close to $20 billion, citing people familiar with the…
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Novo Nordisk Adopts Novo as Everyday Operating Name and Introduces New Cultural Framework
Novo Nordisk (NYSE:NVO) announced a corporate rebranding initiative under which it will use “Novo” as its everyday operating name while retaining Novo Nordisk A/S as its legal global company name. The pharmaceutical company also introduced a new tagline, “Lasting Health Starts Now,” alongside a cultural framework called “The Novo Way.” The updated visual identity will…
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Micron Technology Shares Fall 5.2% as Semiconductor Stocks Decline
Micron Technology (NASDAQ:MU) shares fell 5.2% in pre-market trading on Monday to $924.90 as semiconductor stocks declined amid renewed debate over the pace of artificial intelligence development and broader market concerns. The shares were trading approximately 26% below their 52-week high of $1,255. Investors are also awaiting Micron’s fiscal fourth-quarter results, scheduled for September 30,…