President Trump's recent speech on the Iran conflict caused stock futures to fall and oil prices to surge, as he warned of potential strikes on Iran's oil if no deal is reached soon. SpaceX has confidentially filed for an IPO, potentially valuing the company at $1.75 trillion, marking a major public market debut. Eli Lilly received FDA approval for its new GLP-1 weight loss pill, Foundayo, which will soon be available with pricing options for insured and uninsured patients. Additionally, Sam's Club announced a $10 increase in its annual membership fees, citing enhanced services as justification. These developments impact markets and consumer sectors, with key updates expected soon.
US stock futures rose after a softer-than-expected Consumer Price Index (CPI) report reduced the chances of a Federal Reserve rate hike in July. The market now awaits today's Producer Price Index (PPI) data, which could either confirm easing inflatio...
The FAA has approved SpaceX to resume Starship prototype flights after identifying the cause of a booster failure in May. The next launch, planned for July 16, will be the second flight of the Starship V3 and will carry the first third-generation Sta...
