Shares of Adobe rose on Monday after the company unveiled a new artificial intelligence agent platform aimed at strengthening its position in an increasingly competitive software landscape. The stock climbed about 2.49% to $250.53, outperforming a broader market decline that saw the S&P 500 fall 0.14% and the Nasdaq Composite drop 0.34%. Despite the gain,… Continue reading Adobe stock jumps as AI agent push aims to fend off rising competition
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Dow Jones flat as Iran tensions rise; S&P 500, Nasdaq slip
Wall Street’s main indexes opened lower on Monday, as renewed tensions between the US and Iran weighed on investor sentiment following a record-setting rally last week. The Dow Jones Industrial Average gained 28 points, while the S&P 500 slipped 0.17% and the Nasdaq-100 declined about 0.13%. The pullback comes after a strong run that pushed… Continue reading Dow Jones flat as Iran tensions rise; S&P 500, Nasdaq slip
From record inflows to 12% drawdown, what went wrong for Europe?
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 to acquire Kelonia in $7 billion cancer therapy push
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
American Airlines’ stock falls as it rejects United merger talk
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
USA Rare Earth stock jumps on $2.8B Brazil deal to counter China grip
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
How the energy crisis from Iran war is boosting China’s edge in global clean tech
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
AST SpaceMobile sinks 15% after Blue Origin satellite failure
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
Bitcoin ETFs log $996M inflows even as Iran tensions resurface
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
