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...
AstraZeneca (AZN) is aiming to meet its ambitious $80 billion target by 2030, with three promising cancer treatments unveiled in recent studies. The drugs...
A new COVID variant, NB.1.8.1, is gaining traction globally, including in the United States. The World Health Organization (WHO) announced that it is monitoring...
Google is expanding its Gemini AI feature to provide greater insight into the videos stored in Google Drive. Previously available for documents and PDFs,...
Australia’s inflation rate edged higher in April, surpassing economists' expectations and coming at a time of heightened market uncertainty due to global tariff tensions....
Americans have upgraded their outlook on the economy for the first time in five months, following the Trump administration's agreement to ease tariffs on...
Russia launched a third consecutive night of attacks on Ukraine, with aerial raids causing casualties and damage across several regions, according to Ukrainian regional...