KGWV · U.S. MARKET INTELLIGENCE
Upcoming U.S. economic data will influence the Federal Reserve’s assessment of rate hikes. After the Fed’s July policy meeting, the U.S. July nonfarm payrolls report is due this week and could have a significant impact on the central bank’s subsequent monetary…
AstraZeneca and U.S. drugmaker Bristol Myers Squibb have begun discussions about a potential merger, according to several media reports. AstraZeneca shares fell more than 4% after the report, while Bristol Myers Squibb shares rose more than 5%. Market analysts…
Nasdaq-100 futures gave back all of their gains for the day. Memory chip stocks fell in premarket trading, with Micron Technology down 5% and SK hynix and SanDisk down more than 4%.
Eli Lilly shares rose about 1% in premarket trading after Olomorasib received breakthrough therapy designation from the U.S. Food and Drug Administration for the treatment of pancreatic cancer. The source does not provide a reliable event date separate from th…
Mitsubishi UFJ said U.S. support for Japan’s efforts to stabilize the yen should help limit selling of U.S. Treasuries, reduce the impact on the bond market and ultimately lessen the scale of action required. “The United States is concerned that if Japan’s con…
Google shares rose more than 2% in U.S. premarket trading on Aug. 3 after closing 6.7% higher in the previous session. Analysts expect Google AWS revenue to grow to about $170 billion this year.
Stifel lowered its price target for Tesla to $491 from $508 on Aug. 3.
AstraZeneca announced the official launch in China of Imjudo® (Chinese generic name: tremelimumab). In April this year, based on positive results from the global Phase III HIMALAYA study and a Chinese cohort, the combination of tremelimumab and Imfinzi® (Chine…
A memory shortage has made the MacBook Air difficult to find, while Apple’s new promotional strategy has stunned the industry.
Deutsche Bank said accelerating growth at Amazon Web Services is validating returns on artificial-intelligence investments and raised its price target for Amazon to $325.