Yields on U.S. Treasury securities declined as investors reacted to news of a potential deal to reopen the Strait of Hormuz for commercial shipping, easing geopolitical tensions. The 10-year Treasury yield dropped to 4.6086%, and the 30-year yield fell to 5.1617%, while the 2-year yield rose slightly to 4.2061%. The easing of tensions also caused oil prices to fall sharply before a modest rebound. Investors are now focused on upcoming U.S. economic data, including July's non-farm payrolls and services PMI, to assess the impact on inflation and the Federal Reserve's interest rate decisions.
GH Research PLC has resolved the FDA clinical hold on its investigational new drug (IND) application for GH001, a treatment targeting resistant depression. This clearance allows the company to plan a pivotal phase 3 trial expected to begin in 2026. G...
The Congressional Black Caucus (CBC) is strongly supporting legislation to regulate artificial intelligence, with nearly all of its 62 members ready to vote in favor of AI guardrails to ensure transparency and safety. CBC leaders emphasize the need t...
The US State Department has urged Americans outside the Middle East to reconsider travel due to the risk of rapid escalation in the Iran conflict. Iran insists the Strait of Hormuz will remain closed until its demands are met, including ending the na...
Toyosa, a Toyota dealer in Bolivia, has introduced Bitcoin as a payment option for purchasing Toyota vehicles, adding to its existing payment methods including bolivianos, U.S. dollars, and USDT stablecoins. This expansion follows Bolivia's 2024 regu...
Metaplanet has reduced its stock compensation plan by 41%, lowering the potential shares from 319.5 million to 188.2 million, yet VanEck criticizes the plan as still excessively dilutive. The Japanese company’s stock plan represents 14.7% of fully di...
