Latest Corporate News
US GDP Grows 2% in Q1 Despite Iran War Pressures
US gross domestic product increased at a 2.0% annualized rate in the first quarter, boosted by government spending rebound, though war with Iran raises gasoline prices and squeezes budgets. Inflation metrics like PCE rose as expected at 3.5% year-over-year.
Economists note solid but not extreme growth averaging recent trends.
Crude Oil Surges to $124.67 per Barrel on Double Blockade
Oil prices hit $124.67 a barrel due to ongoing 'double blockade' by Iran and US in Strait of Hormuz, impacting global economies including Iran, Europe, and Asia. Ceasefire extended indefinitely amid stalled negotiations.
Economic fallout significant as blockade persists.
Trump Briefed on Military Options in Operation Epic Fury
President Trump received briefing from CENTCOM commander Admiral Cooper on options like ground interventions and strikes on Iranian energy infrastructure. Ceasefire holds but negotiations stalled; Iran resists post-US-Israel assaults.
DoD estimates war cost at $25 billion, likely higher.
AMA Urges Enforcement of No Surprises Act Against Payer Noncompliance
AMA and 111 medical groups warned administration of health plans misusing guidance to avoid timely payments, reopening cases, and passing costs to patients. Tactics force practices into financial jeopardy by refusing negotiations and info.
Call for increased enforcement issued May 1.
Insmed Announces Presentations at May 2026 Investor Conferences
Insmed management to present at BofA Securities Healthcare Conference on May 12 in Las Vegas and RBC Capital Markets Global Healthcare Conference on May 20 in NYC. Biopharma firm focuses on therapies for serious diseases.
Investor contacts provided for details.
Gold Prices to Rise Long-Term on Central Bank Debts
Rick Pitcairn, chief global strategist, predicts gold will perform well due to central banks' mounting debts. Argues debt levels drive sustained price increases.
Commented on Fox Business 'The Claman Countdown'.
USS Gerald R. Ford to Depart Middle East Amid Tensions
US carrier USS Gerald R. Ford set to leave Middle East as Operation Epic Fury ceasefire holds. 'Maritime Freedom Construct' initiated amid naval dynamics.
Double blockade continues affecting oil flows.
CENTCOM Requests Dark Eagle Weapon for Iran Operations
US Central Command requests Dark Eagle weapon amid briefings on future military options in Operation Epic Fury. Follows stalled peace talks and indefinite ceasefire extension.
Trump considers various interventions.
MP CT National Guard Unit Deploys to Middle East
National Guard unit from MP CT deploys to support Operation Epic Fury efforts. Comes amid CENTCOM updates and economic strains from blockade.
Iran leadership questions arise in conflict context.
Treasury Yields Fall as Markets React to GDP and Inflation Data
2-year Treasury yield drops 6 basis points to 3.89%, 10-year to 4.38% after GDP report. Growth from computers and healthcare noted as not fully solid foundation.
Inflation well-behaved despite war.
Iran Absorbs US-Israel Assaults, Stalls Negotiations
Iran steadfast in resistance after airborne punishment, with little kinetic action recently. Peace talks stalled; Trump may alter ceasefire.
Who leads Iran? amid ongoing double blockade.