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today's top stories

  • Weekly Buzz: SNY, REGN Get FDA Nod; It's A No For ABBV, GRCE; LLY Acquires Kelonia April 24, 2026 10:34 ET

    This week's biotech landscape witnessed regulatory approvals across the U.S. and Europe, alongside FDA rejections, acquisitions, and positive data readouts spanning multiple therapeutic areas, including Wilson's Disease, Ovarian cancer and stiff person syndrome. Let's unpack the specifics. FDA...

  • ISS Crew Conduct Research On Space On Advanced Cancer And Heart Treatments April 24, 2026 09:46 ET

    Astronauts aboard the International Space Station have conducted biotechnology research on Thursday, including a pair of heart studies, exploring cancer therapies, and demonstrating a self-sustaining life-support system. U.S. flight engineer Jessica Meir processed samples of heart stem cells and bacteria that cause pneumonia using a portable glovebag inside the Harmony module. Observations in mic

  • U.S. Stocks May Move Back To The Upside As Intel Soars April 24, 2026 08:50 ET

    After ending the previous session mostly lower, stocks may move back to the upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.4 percent. A spike by shares of Intel (INTC) may generate early buying interest,...

  • Russia Central Bank Cuts Rate By 50 Bps April 24, 2026 08:36 ET

    Russia's central bank reduced its benchmark rate for the eighth consecutive time to contain rising inflation. The Board of Directors of the Bank of Russia decided to cut its interest rate by 50 basis points to 14.50 percent. The bank said it will assess the need for further key rate cuts at its upcoming meetings depending on sustainability of inflation slowdown.

  • Study Links Dyslipidemia And Early Onset Schizophrenia In Children And Adolescents April 24, 2026 08:27 ET

    A study published recently in the Frontiers in Psychiatry journal by Kehuang Li et al linked the occurrence of dyslipidemia with early onset schizophrenia in children and adolescents. Early-onset schizophrenia (EOS) is a rare psychological disease that manifests before adulthood, or 18 years of age....

  • Wall Street Aims To Open Broadly Up April 24, 2026 08:15 ET

    President Donald Trump asked not to "rush" to resolve the Iran war, as tensions persisted over the control of the Strait of Hormuz. Reports said that Irani deligation will be reaching Pakistani for a second round of talks. Early signs from the U.S. Futures Index suggest that Wall Street might open...

  • European Institutions Agree On Roadmap To Achieve 'One Europe, One Market' By 2027 End April 24, 2026 08:12 ET

    European Institutions have agreed on a Roadmap to achieve "One Europe, one Market" by the end of 2027. Cyprus President Nikos Christodoulides, as the rotating Presidency of the Council of the European Union, European Parliament President Roberta Metsola and European Commission President Ursula von der Leyen signed the "One Europe, One Market Roadmap On the sidelines of the Informal meeting of Hea

  • US Sanctions Cambodian Senator And Scam Center Network For Defrauding Americans April 24, 2026 07:31 ET

    The U.S. Government has imposed sanctions on a Cambodian senator who controls scam compounds throughout the country, as well as 28 individuals and entities in his network, for defrauding Americans. The U.S. Department of the Treasury said Southeast Asian scam operators within this network have stolen...

  • Oil Surges As Trump Orders To 'shoot And Kill' Iranian Boats April 24, 2026 07:27 ET

    Crude oil price continued rising on Friday amid President Donald Trump's statement that he authorized the U.S. military to "shoot and kill" Iranian boats laying mines in the Strait of Hormuz. Brent crude traded above $107 per barrel, increasing by 1.92 percent, while the US-traded WTI rose above $97. In a social media post on Thursday, Trump also said that U.S. forces will intensify efforts to r

  • UK Retail Sales Rise Unexpectedly April 24, 2026 07:20 ET

    UK retail sales grew unexpectedly in March largely due to a rise in fuel sales as motorists stocked up on fuel amid the war in the Middle East, the Office for National Statistics reported Friday. Retail sales increased 0.7 percent on a monthly basis in March, reversing a 0.6 percent fall in February. The increase also exceeded economists' expectations of flat growth.

  • Regeneron Agrees To Lower Prescription Drug Prices Under MFN Deal April 24, 2026 06:54 ET

    President Donald Trump has announced an MFN pricing deal with Regeneron to lower prescription drug prices that Americans pay for some of the world's most innovative drugs, in line with the lowest prices paid by other developed nations, known as the most-favored-nation, or MFN, price. The agreement will provide every State Medicaid program in the country access to MFN drug prices on new Regeneron

  • German Business Confidence Weakest Since 2020 April 24, 2026 06:19 ET

    German business confidence declined to its lowest level in nearly six years in April, driven by the supply chain disruptions and energy shocks caused by the war in the Middle East, survey data from the ifo Institute revealed Friday. The business climate index dropped to 84.4 in April from 86.3 in March. The reading hit the lowest since May 2020 but remained above economists' forecast of 85.7.

  • European Shares Retreat Amid Tensions Over Hormuz April 24, 2026 05:17 ET

    European stocks declined on Friday amid signs that the U.S. and Iran have made little progress toward de-escalating the Middle East conflict. The Strait of Hormuz remained effectively closed, keeping oil prices elevated and raising concerns that tensions may persist for longer than expected. According...

  • European Shares Seen Lower At Open As Investors Weigh Inflation Risks April 24, 2026 01:30 ET

    European shares are seen opening lower on Friday as investors fret about rising inflationary pressures and the outlook for growth. Oil prices continued to surge as the Strait of Hormuz remained effectively closed and peace negotiations dragged on. U.S. President Donald Trump said the United States...

  • Concerns Raised Over AI Model Theft Campaigns Linked To China April 23, 2026 18:03 ET

    The White House Office of Science and Technology Policy is sounding the alarm about foreign entities, mainly from China, carrying out large-scale operations aimed at stealing capabilities from advanced American AI systems.

Global Economics Weekly Update: April 13 – April 17, 2026

April 17, 2026 15:29 ET
The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.