Vornado Realty Trust chairman Steve Roth condemned NYC Mayor Zohran Mamdani's public criticism of billionaire Ken Griffin, calling it a "blunder" and an "ugly, unnecessary video stunt." Mamdani's video targeted Griffin for owning a $238 million apartment, which could jeopardize Griffin's partnership with Vornado and Rudin to build a $4.5 billion skyscraper on Park Avenue. The project promises significant economic benefits, including jobs and tax revenue. Roth and others fear Mamdani's actions could drive Griffin away, risking the city's commercial real estate development and financial health. Despite this, Roth still expects the project to proceed, but the incident highlights tensions between the city's leadership and major real estate investors.
The FDA has granted traditional approval to Fabhalta (iptacopan), a first-in-class complement inhibitor, for slowing kidney function decline in adults with primary immunoglobulin A nephropathy (IgAN). Fabhalta showed a 48% slower decline in kidney fu...
Corbin Advisors' Q2 2026 survey shows industrial investor sentiment at its highest in five years, with 84% of participants bullish or neutral-to-bullish due to strong order momentum and demand from data centers and AI sectors. Expectations for Q2 rev...
Ethereum (ETH) has rallied from June lows around $1,500 to nearly $1,950, showing strong short-term bullish momentum. It has moved above its 20-day and 50-day moving averages, which now act as support, but faces resistance at the 100-day EMA near $1,...
Iris Energy's shares fell about 38% as the company pivots from Bitcoin mining to AI-focused data centers, reflecting investor concerns over execution risks like capital needs and operational complexity. Despite the recent drop, the stock remains up n...
Dogecoin (DOGE) remains stuck near recent lows around $0.0737, trading below major moving averages which signals a continuing downtrend. The price faces resistance at $0.0765 and stronger barriers up to $0.1057, making a bullish reversal challenging....
