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  • World's First AI-designed Vaccine Could Protect Against Viruses, Researchers Say June 05, 2026 06:58 ET

    A "fundamentally new" type of vaccine, developed using artificial intelligence for the first time in the world, has the potential to act against a variety of viruses and protect the world from future pandemic outbreaks, say researchers. A Cambridge-led team has developed a way to engineer better vaccines that could provide broad protection from thousands of variants of viruses - such as coronavir

  • House Passes Ukraine Aid And Russian Sanctions Bill With GOP Support June 05, 2026 06:54 ET

    The U.S. House of Representatives has passed with the support of 18 Republican lawmakers a sweeping legislation that includes major Ukraine aid and Russia sanctions package. The Ukraine Support Act authorizes $1.3 billion in security assistance to Ukraine, $8 billion in arms sales, and imposes broad, sweeping new oil and gas sanctions against Russia. The first major Ukraine-assistance package fr

  • Hezbollah Rejects Israel-Lebanon Ceasefire June 05, 2026 06:47 ET

    The leaders of Hezbollah's military wing have reportedly rejected a US-led ceasefire renewal agreement between Lebanon and Israel, calling it "futile." In a statement issued on Thursday, the Iran-backed Lebanese militant group's leader Naim Qassem said "broad segments of the Lebanese people" have...

  • Raspberry Pi Sees Higher H1 Profit, FY26 Profit Significantly Ahead Of Market; Stock Jumps June 05, 2026 04:00 ET

    Raspberry Pi Holdings plc (RPI.L) said on Friday it expects first-half profitability to be materially ahead of a year earlier and raised its fiscal 2026 outlook, as strong sales and cheaper memory stock boosted results. On the LSE, shares of Raspberry Pi were gaining 16.09 percent, changing hands...

  • Walmart To Offer In-Store Express Delivery For Subway Through App, Website June 05, 2026 02:30 ET

    Retail giant Walmart Inc. (WMT) said that it is offering Subway delivery through its app and website, with service beginning at select stores this month, marking the retailer's first restaurant integration with Express Delivery. The service is live at select Walmart stores in Connecticut, Florida,...

  • Haleon Recalls Certain Gas-X Extra Strength Softgels June 05, 2026 02:12 ET

    Haleon PLC (HLN.L, HLN), a consumer healthcare company, said that it has voluntarily recalled four lots of Gas-X Extra Strength Softgels 125mg, 120 ct., and 72 ct. distributed on or about April 13. The lots have been recalled due to potential contamination with a diluted propylene glycol-based coolant...

  • Target Recalls Up & Up Baby Wipes For Potential Microbial Contamination June 05, 2026 02:03 ET

    Retailer Target Corp. is recalling select Up & Up Baby Wipes, due to potential microbial contamination, according to the U.S. Food and Drug Administration. The recall involves Up & Up FragranceFree Baby Wipes and Up & Up Fresh Cucumber Scented Baby Wipes with various counts and UPC numbers. The impacted wipes were manufactured by a supplier, Sapro Temizlik Urunleri, and sold at Target stores...

  • U.S. Supreme Court Ends Amarin Patent Fight, Hikma Prevails June 05, 2026 01:34 ET

    The United States Supreme Court has ruled in favor of Hikma Pharmaceuticals PLC (HIK.L HKMPY) and its wholly owned subsidiary Hikma Pharmaceuticals USA Inc., effectively ending Amarin's patent infringement litigation against the company. This decision marks the conclusion of a long-running dispute over...

  • Future Prices $200 Mln IPO Of 20 Mln Units At $10 Each June 05, 2026 01:19 ET

    Future Corp. (FTRAU ), a special purpose acquisition company, on Thursday announced the pricing of its initial public offering of 20 million units at $10 per unit. The offering is expected to close on June 8. FutureCorp Space Acquisition 1 has granted the underwriters a 45-day option to purchase...

  • Dow Rebounds To New Record Closing High But Nasdaq Posts Modest Loss June 04, 2026 16:14 ET

    Following the pullback seen during Wednesday's session, stocks moved mostly higher over the course of the trading day on Thursday. The Dow showed a significant move back to the upside, reaching a new record closing high.

  • U.S. Q1 Labor Productivity, Costs Growth Revised Lower June 04, 2026 13:13 ET

    U.S. nonfarm business sector productivity slowed much more than initially estimated and unit labor costs increased less than expected in the first quarter of the year, revised data from the Department of Labor showed on Thursday.

  • Dow Rebounds To New Record High Following Yesterday's Slump June 04, 2026 11:48 ET

    After moving notably lower in the previous session, the Dow has shown a substantial move back to the upside during trading on Thursday. The blue chip index has more than offset yesterday's slump, reaching a new record intraday high. Currently, the Dow is just off its highs of the session.

  • U.S. Jobless Claims Unexpectedly Climb To Nearly Four-Month High June 04, 2026 09:47 ET

    First-time claims for unemployment benefits in the U.S. unexpectedly increased in the week ended May 30th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 225,000, an increase of 13,000 from the previous week's revised level of 212,000.

  • Paramount+ To Be Exclusive Home Of UFC Main Cards In Canada From 2027 June 04, 2026 09:44 ET

    Paramount, a Skydance Corp (PSKY) and UFC, the mixed martial arts organization, on Thursday said they expanded their media rights partnership to make Paramount+ the exclusive home of UFC Numbered Event main cards in Canada for six years beginning in 2027. The deal will give Paramount+ subscribers...

  • Hims & Hers Names Anant Vinjamoori CMO Of Hims Brand June 04, 2026 09:19 ET

    Hims & Hers Health, Inc. (HIMS), a health and wellness platform, on Thursday announced the appointment of Anant Vinjamoori as Chief Medical Officer of its Hims brand. Vinjamoori will provide clinical guidance for the Hims brand across sexual health, hormone health, dermatology, weight loss, mental...

Global Economics Weekly Update -May 18 – May 22, 2026

May 22, 2026 14:46 ET
Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.

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