Latest Corporate News
Oil Prices Surge 7% After Trump's Iran Strike Vow
President Trump signaled continued hard strikes on Iran in a national address, causing Brent crude to rise 6.6% to nearly $108 a barrel. Asian markets tumbled, with Nikkei 225 down 2.6% and Kospi dropping 5.2%, amid fears over Strait of Hormuz closure.
FDA Approves Eli Lilly's New Weight Loss Pill, Sparking Rivalry with Novo Nordisk
The U.S. FDA approved Eli Lilly's once-daily weight loss pill, intensifying competition in the $70 billion GLP-1 market against Novo Nordisk's Wegovy pill. Analysts predict a fierce battle for dominance in obesity and diabetes treatments.
Trump Announces Reciprocal Tariffs on Over 60 Trading Partners
President Trump unveiled broad 'reciprocal' tariffs labeled 'Liberation Day' for U.S. economic independence, drastically impacting global trade especially with China. Trade volumes between the U.S. and China plummeted following the announcement.
Asian Equities Plunge on Escalating U.S.-Iran Conflict Fears
Japan's Nikkei fell 2.6% to 52,333.79, South Korea's Kospi dropped 5.2% to 5,191.62, and other Asian indices declined amid Trump's vow to 'finish the job' in Iran. Concerns persist over prolonged oil supply disruptions.
Economists Warn of Recession Risks from Iran War and High Oil Prices
Trump downplayed economic fallout from the Iran war despite high gas prices, but economists predict higher inflation, unemployment, and recession odds if oil prices climb further. U.S. growth estimates are being revised downward.
U.S. Markets Mixed: S&P 500 Gains Despite Global Selloff
The S&P 500 rose 0.7% to 6,575.32, Dow up 0.5% to 46,565.74, and Nasdaq advanced 1.2% to 21,840.95 on Wednesday, buoyed by hopes of quick Iran resolution before Thursday's downturn. Precious metals like gold fell 2%.
China Pushes NearLink Tech as Huawei Rival to Bluetooth Amid Tariffs
Huawei's NearLink wireless technology, offering lower power and wider coverage than Bluetooth, advances as a national standard in response to U.S. tariffs and tech restrictions. Geopolitics threaten Bluetooth's global dominance.
Trump Considers Firing Attorney General Pam Bondi
Reports indicate President Trump is eyeing the dismissal of AG Pam Bondi, though no final decision has been made and allies cite recent joint appearances. The potential shakeup adds to Washington political intrigue.
Global Shares Fall Sharply on Trump's Iran 'Extremely Hard' Strike Pledge
World stocks declined after Trump's address warning of intensified Iran strikes without a Hormuz deal, driving oil higher while equities like Hong Kong's Hang Seng dropped 1.4%.
GLP-1 Weight Loss Drug Market Set for 'Battle Royal' Between Lilly and Novo
Eli Lilly's FDA nod for its pill positions it to challenge Novo Nordisk's blockbuster Wegovy in the booming obesity market. Leerink Partners forecasts intense competition for leadership.
Trump's Tariffs Rewrite U.S. Trade Policy, Echoing 2019 Huawei Restrictions
New tariffs on dozens of partners build on prior actions like Huawei's blacklist, spurring China's NearLink development and fragmenting wireless tech standards globally.