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Telehealth platforms are becoming a gateway for access to blockbuster weight loss medicines. That shift became clearer on Monday after Novo Nordisk dropped its patent infringement lawsuit against digital health provider Hims & Hers. The Danish pharmaceutical company has instead agreed to allow Hims to distribute its branded semaglutide drugs through its telehealth platform. The… Continue reading Hims stock jumps 50% as Novo Nordisk ends lawsuit, strikes deal

The S&P 500 Index continued its strong downward trend last week, reaching its lowest level since December 17 last year. It ended the week at $6,740, down substantially from the year-to-date high of $7,000. Let’s explore some of the top catalysts for the SPY, IVV, and VOO ETFs this week. US inflation report  A key… Continue reading Top S&P 500 Index news this week: US-Iran war, US CPI, Oracle earnings and more

Boeing stock price jumped by over 4% on Friday, and this trend may continue in the coming weeks as investors focus on Donald Trump’s trip to China later this month. BA jumped to $230, up substantially from the year-to-date low of $218. China to make hundreds of orders  Boeing share price jumped as investors reacted… Continue reading Boeing stock price eyes a 11% surge as fresh tailwinds emerge

US stock index futures dropped sharply on Monday as surging oil prices and escalating tensions in the Middle East heightened concerns about inflation and the risk of a broader economic slowdown. Futures tied to the Dow Jones Industrial Average fell more than 523 points in early trading, while S&P 500 and Nasdaq 100 futures declined… Continue reading Dow futures plunge as oil tops $100 amid Iran war fears

The global race to build artificial intelligence infrastructure is intensifying as demand for computing power grows across industries. AI data centre startup Nscale said on Monday it has raised $2 billion in fresh funding at a $14.6 billion valuation, underscoring investor confidence in companies building the backbone of the AI economy. The Series C round… Continue reading AI data centre startup Nscale raises $2B; Nvidia among backers

The AI boom has produced plenty of big numbers and bold headlines—but few rival “Stargate,” the massive data center project backed by Oracle and OpenAI. Billed as a $500 billion bet on the future of AI computing, the plan envisioned building enormous facilities packed with Nvidia chips to power the next wave of advanced AI… Continue reading Who wins as Oracle, OpenAI’s $500B Stargate project stalls?

The FTSE 100 Index tumbled for the third consecutive day, reaching its lowest level since January 20. It retreated by over 7% from its highest point this year and is nearing its correction zone by falling by 10% from the year-to-date high.  The Footsie Index retreat mirrored that of the other global indices, which continued… Continue reading FTSE 100 Index today: BP, Shell shares jump as most constituents slump

Rolls-Royce share price has sunk into a technical correction after falling by 11% from its highest level this year as London companies retreat. The stock retreated to 1,295p on Friday, down sharply from the year-to-date high of 1,420p. This article explores whether it is safe to buy the current dip. Why the Rolls-Royce share price… Continue reading Rolls-Royce share price sinks into a correction: will it rebound to 1,500p?

US equities face rising downside risks as the escalating war in Iran disrupts global markets and fuels inflation concerns, according to veteran market strategist Ed Yardeni. In his latest outlook, Yardeni increased the probability of a market meltdown this year to 35%, up from 20% previously. At the same time, he sharply lowered the chances… Continue reading Iran war raises risk of US stock market meltdown, Ed Yardeni warns