The US federal government recorded a $432 billion deficit in July 2026, the largest monthly shortfall since March 2021, pushing the fiscal-year-to-date deficit to $1.8 trillion. This growing deficit raises concerns about increased Treasury issuance and potential Federal Reserve intervention to expand the money supply, which can erode currency value. Bitcoin advocates argue this environment supports Bitcoin's role as a hedge against inflation due to its fixed supply of 21 million coins. While current conditions differ from the 2020-2021 stimulus period, the underlying monetary dynamics suggest Bitcoin and similar assets could benefit if government borrowing and Fed accommodation continue.
Bicara Therapeutics is progressing its Phase 3 trial of ficerafusp alfa for head and neck cancer, expecting interim results by mid-2027 that could support accelerated approval. The company holds nearly $500 million in cash and securities, funding ope...
Mercury Systems reported a Q4 EPS of $0.37, slightly below analyst estimates of $0.38, but exceeded revenue expectations with $289.78 million, a 6.1% increase year-over-year. The company showed robust demand with record bookings of $660 million and a...
Klarna shares dropped 22.81% after cutting its earnings outlook and announcing leadership changes, raising investor concerns. Fabrinet's stock fell 19.38% despite strong quarterly results due to a broader sell-off in AI infrastructure stocks. Leverag...
ProPhase Labs' stock soared 506.62% to $27.48 following a 1-for-4 reverse stock split aimed at consolidating shares and boosting price per share. Other notable gainers include Inpixon (+113%), Super League Gaming (+82%) after a major Bitcoin investme...
American Airlines is bringing back seatback entertainment screens and adding premium seats to its narrowbody jets starting in 2028. This move responds to traveler demand, especially from younger passengers, and aims to close the profit gap with compe...
