The S&P 500 closed at a record high of 7,501.24, driven by strong corporate earnings and enthusiasm for AI technology. However, traders on Polymarket predict a 99% chance the index will open lower the next day, reflecting concerns about market concentration in tech stocks, stretched valuations, and geopolitical tensions involving Iran and the U.S.-China summit. Despite these risks, the index is on track for its seventh consecutive week of gains, with investors closely watching developments in trade, tariffs, and oil prices that could impact inflation and market sentiment.
US stock futures dropped following President Trump's business visit to China, which secured deals for companies like Boeing and Nvidia but left key diplomatic issues unresolved. Investors reacted to mixed earnings reports: Figma's shares rose after s...
SAPHNELO (Anifrolumab), a monoclonal antibody for moderate-to-severe systemic lupus erythematosus (SLE), demonstrates robust clinical efficacy by targeting type I interferon receptors. Approved in over 70 countries, it generated $483 million in sales...
California Governor Gavin Newsom proposed a new tax extending state sales tax to digital prewritten software purchases, aiming to level the playing field between online and physical store sales. The tax, set to take effect January 1, 2027 pending leg...
OCREVUS, a treatment for multiple sclerosis (MS), showed strong sales growth of 9% in 2025, reaching about $7.6 billion globally. Its broad efficacy in treating both relapsing and progressive MS, along with the recent approval of a convenient subcuta...
New York Governor Kathy Hochul proposes a two-phase tax increase on luxury second homes in NYC to address the city's budget deficit. Initially, homes with at least $1 million assessed value will face a 4-6.5% surcharge, potentially translating to pro...
