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US proposes $1.5tn defence budget with $500bn boost amid Iran war tensions

Market News
03 Apr 2026
Skynews
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Neutral
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US President Donald Trump has proposed a $1.5 trillion defence budget for 2027, including a $500 billion increase over previous levels. This boost comes alongside a 10% cut in non-defence spending and includes a 5-7% pay raise for military personnel. The proposal also funds new military assets like the Golden Dome missile defence shield and the initial 'Trump class' battleships. While Republican leaders support the plan citing global threats, top Democrats criticize it for prioritizing military spending over social needs. Congressional approval is required for the budget to take effect.

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Study finds 2 years of lenalidomide maintenance as effective as indefinite treatment for multiple myeloma.

Study finds 2 years of lenalidomide maintenance as effective as indefinite treatment for multiple myeloma.

The phase III ENDURANCE trial showed that two years of lenalidomide maintenance therapy offers the same long-term survival benefit as indefinite treatment for patients with standard-risk multiple myeloma who are not transplant candidates. After nearl...

Company Fundamentals
Neutral
1 hour ago
Stocks fall sharply due to legal probes, financing plans, and volatile listings today.

Stocks fall sharply due to legal probes, financing plans, and volatile listings today.

Several stocks experienced significant declines today driven by company-specific events. SANUWAVE Health's shares dropped 39.21% despite strong revenue guidance, Twin Vee Powercats fell 30.95% amid a legal investigation, and Gorilla Technology declin...

Market News
Bearish
1 hour ago
Stock market jumps on strong corporate news and high trading volumes in EV and green energy sectors

Stock market jumps on strong corporate news and high trading volumes in EV and green energy sectors

The stock market saw significant gains driven by corporate announcements and high trading volumes, particularly in battery technology, electric vehicles, and green energy sectors. Electrovaya surged 49.05% after announcing a commercial deal with Amaz...

Market News
Bullish
1 hour ago
Akamai officer sells shares amid shift to cloud and cybersecurity growth

Akamai officer sells shares amid shift to cloud and cybersecurity growth

An Akamai Technologies executive sold 3,100 shares as the company shifts focus from its declining content delivery network business to high-growth cloud infrastructure and cybersecurity services. This strategic pivot is supported by a $1.8 billion, s...

Market News
Neutral
1 hour ago
TSMC earnings preview shows strong growth amid AI chip demand surge

TSMC earnings preview shows strong growth amid AI chip demand surge

Taiwan Semiconductor Manufacturing Company (TSMC) is set to report earnings on July 16, 2026, with analysts expecting revenue around $39.85 billion, up significantly from last year due to high demand for AI chips. Earnings per share are forecasted at...

Company Fundamentals
Bullish
2 hours ago
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