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Three months ago, European investors were pouring money into the continent’s stock markets at a record pace, betting that years of underperformance were finally coming to an end. The euro was strong, defence stocks were surging, and the valuation gap with the US was too wide to ignore. Then came the Iran war, the closure… Continue reading From record inflows to 12% drawdown, what went wrong for Europe?

Eli Lilly said on Monday it will acquire privately held Kelonia Therapeutics in a deal worth up to $7 billion, as the drugmaker deepens its presence in next-generation cancer treatments. The agreement includes an upfront payment of $3.25 billion, with additional payouts tied to clinical, regulatory and commercial milestones. The transaction is expected to close… Continue reading Eli Lilly to acquire Kelonia in $7 billion cancer therapy push

Shares of American Airlines fell over 3% in premarket trading on Monday after the carrier publicly dismissed speculation of a potential megamerger with rival United Airlines, even as rising oil prices and operational disruptions weighed on the broader aviation sector. The airline issued a statement late Friday rejecting any discussions around a tie-up, pushing back… Continue reading American Airlines’ stock falls as it rejects United merger talk

Shares of USA Rare Earth rose in early Monday trading after the company announced a $2.8 billion deal to acquire Brazil-based Serra Verde Group, a move aimed at strengthening its supply chain and reducing Western dependence on China for critical minerals. The stock gained 10% in premarket trading, extending a recent rally, even as equity-funded… Continue reading USA Rare Earth stock jumps on $2.8B Brazil deal to counter China grip

America’s allies, grappling with surging energy costs triggered by Washington’s military strikes on Iran and the resulting disruption in global supply chains, are confronting a strategic dilemma. The crisis has highlighted the need to move away from volatile fossil fuel markets. However, it has also exposed a new risk, as energy security increasingly depends on… Continue reading How the energy crisis from Iran war is boosting China’s edge in global clean tech

Shares of AST SpaceMobile fell sharply in premarket trading on Monday after the company disclosed a major setback involving one of its latest satellites, raising concerns about execution risks in the fast-growing space-based broadband race. The stock dropped more than 15%, after the company confirmed that its BlueBird 7 satellite had been placed into an… Continue reading AST SpaceMobile sinks 15% after Blue Origin satellite failure

US spot bitcoin exchange-traded funds (ETFs) recorded their strongest weekly inflows since mid-January, extending a three-week streak of positive momentum as improving risk appetite and geopolitical developments drove institutional activity. ETF inflows hit multi-month highs According to data from SoSoValue, spot bitcoin ETFs drew in $996.4 million in net inflows last week, marking the largest… Continue reading Bitcoin ETFs log $996M inflows even as Iran tensions resurface

The FTSE 100 Index retreated by nearly 1% on Monday, mirroring the performance of other global indices after the closure of the Strait of Hormuz. It dropped to £10,600 from last week’s high of £10,717.  IAG, EasyJet, and Rolls-Royce shares lead the drop  Companies in the travel and adjacent industries were among the top laggards… Continue reading FTSE 100 Index slips as IAG, Lloyds, EasyJet, Rolls-Royce shares tumble