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today's top stories

  • Cullinan Therapeutics - Expanding The Reach Of T Cell Engagers Beyond Cancer June 09, 2026 07:07 ET

    Cullinan Therapeutics Inc. (CGEM), a clinical-stage biopharmaceutical company, is scheduled to host an Immunology Day tomorrow, i.e., June 10, 2026. When we alerted readers to CGEM on June 29, 2025, it was at $7.93. The stock, which touched a high of $16.74 on February 27, 2026, has given back some of its gains and currently trades around $13.

  • Security Council Calls For Immediate Ceasefire As War Hits Deadliest Point In Ukraine June 09, 2026 06:19 ET

    The UN Security Council met on Monday amid a sharp escalation in hostilities across Ukraine, and UN officials warned that the war has reached its deadliest point since Russia's full-scale invasion in 2022. Briefing members, Rosemary DiCarlo, Under-Secretary-General for political affairs, said recent months had seen some of the most extensive aerial attacks of the conflict, while the humanitarian

  • European Shares Edge Higher Amid Middle East Peace Hopes June 09, 2026 05:11 ET

    European stocks were broadly higher on Tuesday, the dollar fell from a two-month high and Brent crude futures fell below $93 a barrel after Israel and Iran agreed to halt attacks against each other, boosting hopes that peace negotiations could move forward. Investors also cheered data that showed...

  • OpenAI Joins IPO Race With Confidential S-1 Filing June 09, 2026 05:10 ET

    OpenAI, the maker of popular chatbot ChatGPT, announced that it has recently filed confidentially with the U.S. Securities and Exchange Commission for potential initial public offering, thus entering the IPO race by major players in the artificial intelligence or AI industry. The firm said it is yet to decide on the timing.

  • European Shares Seen Mixed As Traders Weigh Fragile Iran-Israel Ceasefire June 09, 2026 01:37 ET

    European stocks are seen opening mixed on Tuesday as traders weigh a fragile ceasefire between Israel and Iran and look forward to upcoming ECB policy decision later this week for direction. Geopolitical concerns eased somewhat after Israel and Iran agreed to halt attacks against each other following...

  • Top Biotech Gainers: TNGX Hits New High, ALVO Moves Closer To FDA Approval, ZVRA, IDYA Turn Heads June 08, 2026 22:41 ET

    Today's top gainers include Tango Therapeutics, following encouraging pancreatic cancer trial data; Aspire Biopharma, ahead of upcoming milestones; Alvotech, after FDA acceptance of its interchangeable biosimilar to Entyvio for review; and Zevra Therapeutics, on actions strengthening exclusivity for MIPLYFFA, among others.

  • Amazon Signs Multibillion-Dollar Fiber Deal With Corning To Expand AI Data Center Network June 08, 2026 17:55 ET

    Amazon.com Inc. (AMZN) has struck a deal to buy billions of dollars' worth of optical fiber from Corning Incorporated over the coming years, all to back the fast growth of its U.S. data center infrastructure.

  • U.S. Stocks Give Back Ground After Early Rebound But Close Mostly Higher June 08, 2026 16:23 ET

    Stocks showed a strong move back to the upside in early trading on Monday following Friday's sell-off but gave back ground over the course of the sessions. The major averages pulled back well off their highs of the session, with the Dow dipping into negative territory.

  • Lavazza Brings Tablì Espresso Tablets To U.S., Challenging Single-Serve Coffee Outlets June 08, 2026 16:22 ET

    Italian coffee brand Lavazza is making its mark in the U.S. with Tablì, a new single-serve coffee system featuring compressed coffee tablets made entirely from ground coffee. This product was first introduced in Italy last year and is set to officially launch in the U.S. this coming August.

  • UAL CEO Says No Major U.S. Airline Mergers Expected After American Rebuffs Deal Idea June 08, 2026 16:17 ET

    United Airlines Holdings, Inc. (UAL) CEO Scott Kirby believes we won't see any major mergers among U.S. airlines anytime soon.

  • Apple Unveils Siri AI June 08, 2026 16:07 ET

    Tech giant Apple Inc. (AAPL) on Monday unveiled Siri AI, a completely redesigned version of Siri powered by Apple Intelligence. The new assistant is available for developer testing immediately and will be released as a beta later this year. Apple said Siri AI can understand personal context across...

  • Chinese Researchers Successfully Transplant Two Pig Kidneys And A Liver Into A Human Body June 08, 2026 14:19 ET

    Chinese researchers have carried out the world's first transplant of two pig kidneys and a pig liver into a 53-year-old brain-dead man at the same time, marking an important step forward in xenotransplantation. The surgery was conducted at the Second Affiliated Hospital of Guangxi Medical University...

  • Africa CDC And WHO Launch $518 Million Plan To Fight Ebola Outbreak Across Africa June 08, 2026 13:20 ET

    The Africa Centres for Disease Control and Prevention (Africa CDC) and the World Health Organization (WHO) have launched a joint plan to help African countries prepare for and respond to the ongoing Ebola outbreak caused by the Bundibugyo virus. The joint initiative comes as authorities in the Democratic...

  • U.S. Stocks Regaining Ground Following Last Friday's Sell-Off June 08, 2026 11:19 ET

    Stocks have moved mostly higher during trading on Monday, regaining ground following the sell-off seen last Friday. The major averages have all moved back to the upside, with the tech-heavy Nasdaq leading the rebound. Currently, the Nasdaq and S&P 500 are just off their highs of the session, while the narrower Dow is posting a more modest gain.

  • Bargain Hunting May Contribute To Initial Strength On Wall Street June 08, 2026 08:54 ET

    Following the sell-off seen during last Friday's session, stocks may move back to the upside in early trading on Monday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.8 percent. Bargain hunting may contribute to initial strength on...

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

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