ADVFN US – Market Content Editor
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Lilly Reports Strong Phase 3 Results for Retevmo in Early-Stage Lung Cancer (LLY)
Eli Lilly and Company (NYSE:LLY) announced positive data from its Phase 3 LIBRETTO-432 trial, showing that Retevmo significantly lowered the risk of disease recurrence or death in patients with early-stage RET fusion-positive non-small cell lung cancer (NSCLC) following initial treatment. The study found that treatment with Retevmo (selpercatinib) reduced the risk of recurrence or death…
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Nvidia Expands AI Ambitions with New Windows PC Chips and Agentic Computing Platform (ECO)
Nvidia (NASDAQ:NVDA) used the COMPUTEX technology conference in Taiwan to unveil a new processor designed for Microsoft Windows devices, marking a major step in its push into the personal computer market and broadening its presence beyond data centres and AI accelerators. Chief Executive Jensen Huang introduced the new RTX Spark family of “superchips” during his…
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Oil Prices Jump as U.S.-Iran Clashes Intensify and Israel Expands Lebanon Operations
Oil markets moved sharply higher on Monday, with crude prices rising more than 3% after renewed military action between the United States and Iran and an escalation of Israeli operations in Lebanon heightened concerns over energy supplies from the Middle East. By 07:01 GMT, U.S. crude futures had gained $2.88, or 3.3%, to trade at…
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Gold Retreats as Renewed U.S.-Iran Conflict Boosts Inflation and Rate Concerns
Gold prices moved lower on Monday after fresh military action between the United States and Iran reduced optimism surrounding a potential ceasefire agreement, while renewed concerns over inflation strengthened expectations that the Federal Reserve may tighten monetary policy further this year. Spot gold declined 0.8% to $4,501.54 per ounce by 02:57 ET (06:57 GMT), while…
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U.S. Futures Edge Higher Despite Renewed U.S.-Iran Tensions; Nvidia Expands Into AI-Powered Windows PCs: Dow Jones, S&P, Nasdaq, Wall Street
U.S. equity futures traded modestly higher on Monday, pointing to a positive start for Wall Street even as fresh military exchanges between the United States and Iran cast doubt on efforts to secure a broader diplomatic agreement. Meanwhile, oil prices advanced again, remaining elevated compared with levels seen before the conflict began, while investors also…
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Western governments warned over risk of critical minerals oversupply
Western governments investing heavily in critical minerals projects to reduce dependence on China are being cautioned that poorly coordinated intervention could eventually create damaging global oversupply, according to industry executives, investors and analysts interviewed by Reuters. Concerns grow over potential repeat of past commodity gluts Governments across the U.S., Europe, Australia and Japan have committed…
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U.S. and Iran move closer to ending conflict, but major obstacles remain
Progress made, but no final agreement yet The United States and Iran have reportedly reached a preliminary understanding that would extend the current ceasefire, reopen shipping routes through the Strait of Hormuz, and ease certain U.S. sanctions and restrictions on Iran, according to sources cited by Reuters. While such an agreement would mark a significant…
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Wolfe Research sees AI workloads expanding CPU market by 30% through 2028
AI expected to drive a new phase of CPU demand Wolfe Research believes the rise of agentic artificial intelligence and orchestration computing will create a significant expansion in processor demand, projecting that the total addressable CPU market will grow by approximately 30% by 2028. The firm argues that access to manufacturing capacity at Taiwan Semiconductor…
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Is Gold’s Pullback Creating a New Entry Opportunity?
Key Support Levels Come Into Focus Gold is currently testing several important technical support areas at the same time, leading Yardeni Research to suggest that the recent weakness may present an attractive opportunity for longer-term investors. In a note published on Friday, the research firm argued that the metal remains supported by a combination of…
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Tesla’s Next Act? Wall Street Begins Weighing a SpaceX Combination
Tesla (NASDAQ:TSLA) has staged an impressive recovery since reaching a multi-month low earlier this spring. The electric vehicle maker has climbed more than 30% since early April and is now trading near $440 a share, reclaiming levels that seemed distant only a few weeks ago. Much of the recent optimism has centered on Tesla’s long-term…