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today's top stories

  • Wall Street Might Open Moderately Up June 09, 2026 08:19 ET

    President Donald Trump has reiterated that the US could be sealing a deal with Iran in a few days time. The dollar weakened slightly and oil prices were sharply lower after Israel and Iran halted attacks. Brent crude futures reached $92.33 a barrel, after having hit as high as $98 a barrel. Spot...

  • Nuvalent Stock Climbs 39% On $10.6 Bln Takeover Deal With GSK June 09, 2026 08:05 ET

    Shares of Nuvalent, Inc. were surging around 39 percent in the pre-market activity on the Nasdaq, after the clinical-stage biopharma company focused on cancer therapies agreed to be acquired by British drug major GSK plc, in a deal valued at $10.6 billion or 8.0 billion pounds. Further, GSK maintained its 2026 guidance range of 7 percent to 9 percent growth in core operating profit and core EPS.

  • Rubio To Sign MOU With UFC To Enhance Sports Diplomacy Initiatives June 09, 2026 07:59 ET

    Secretary of State Marco Rubio will participate in a Memorandum of Understanding signing ceremony at the U.S. Department of State with Dana White, President and CEO of UFC, on Thursday. The MOU signing will mark a new public-private partnership to enhance sports diplomacy initiatives and collaborate...

  • X-59 Aircraft Flies Supersonic For First Time June 09, 2026 07:50 ET

    NASA's experimental X-59 aircraft has marked a major milestone by flying faster than the speed of sound for the first time, setting the stage for demonstrating its quiet supersonic capabilities later this year. NASA test pilot Jim "Clue" Less took off and landed at Edwards Air Force Base in California last Friday, reaching a top speed of approximately Mach 1.1 (713 mph) and altitude of 43,400

  • Lima The World's Best City For Food, According To Time Out June 09, 2026 07:44 ET

    Peruvian capital Lima is the world's best city for food, according to publishing giant Time Out. Time Out publishes the results of its international survey ranking the world's best cities annually, which includes data to uncover other fascinating insights, such as the world's best cities for culture, the coolest neighborhoods, and the world's best food cities. Based on reports from its global ne

  • US Forces Attack Oil Tanker In Gulf Of Oman For Violating Blockade June 09, 2026 07:40 ET

    U.S. forces have attacked an unladen oil tanker in the Gulf of Oman on Monday after the vessel violated the U.S. blockade against Iran by attempting to sail to an Iranian port. U.S. Central Command said it disabled Palau-flagged M/T Marivex as it transited international waters in the Gulf of Oman...

  • US Adds Alibaba, Baidu, Huawei And BYD To List Of Firms With Chinese Military Ties June 09, 2026 07:36 ET

    The US Department of War has added 188 Chinese firms, including e-commerce giant Alibaba, electric car maker BYD, telecom giant Huawei and tech giant Baidu to a list of companies with alleged links to the Chinese military. The Department of War released an updated list of what it called "Chinese military companies operating directly or indirectly in the United States in accordance with the statut

  • 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.

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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