Core PCE rises to 2.7% as spending and income decline
U.S. inflation remained subdued in May, with the personal consumption expenditures (PCE) price index—the Federal Reserve’s preferred gauge—rising just 0.1%...
Sneaker giant forecasts mid-single digit sales drop, cuts China reliance
Nike shares soared 15.2% on Friday after the company projected that profit and revenue declines will moderate in the current...
New initiative cuts drug review time to as little as 30 days
The U.S. Food and Drug Administration (FDA) announced Tuesday a new fast-track initiative...
Deal Overview
German biotech firm BioNTech has announced the acquisition of its rival CureVac for approximately $1.25 billion in BioNTech shares. This move aims to...
Italy’s antitrust regulator AGCM announced on Monday that it has launched an investigation into Chinese artificial intelligence startup DeepSeek, alleging the company failed to...
Israel’s annual inflation rate eased more than expected in May, offering some relief as price pressures cool. However, the conflict with Iran and ongoing...
The long-running conflict between Israel and Iran reached a dramatic escalation on Friday as Israel launched a massive air assault on Iranian military and...
Brazilian meatpacking giant JBS successfully launched its long-awaited U.S. public market debut on Friday, listing on the New York Stock Exchange under the ticker...
Deal Overview
German biotech firm BioNTech has announced the acquisition of its rival CureVac for approximately $1.25 billion in BioNTech shares. This move aims to...
General Motors' $4 Billion U.S. Manufacturing Investment
General Motors (GM) announced plans to invest $4 billion over the next two years to expand its domestic...