New research suggests that weight-loss drugs such as Ozempic and Wegovy may help some patients avoid knee replacement surgery. Earlier studies had shown that GLP-1 medications can reduce pain caused by knee osteoarthritis; however, it was not known whether they could also lower the chances of needing...
With 2.3 million new cases diagnosed annually worldwide, breast cancer remains the most common cancer affecting women. For decades, chemotherapy has been a cornerstone of breast cancer treatment. Though it has helped to save lives, persons undergoing that experience significant physical and emotional...
Wedbush Cuts Praxis Price Target to $162 After POWER1 Miss Wedbush analyst Laura Chico lowered her 12-month price target on Praxis Precision Medicines Inc. (PRAX) to $162 from $355, maintaining an Underperform rating. The downgrade follows Praxis' announcement that its Phase 2/3 POWER1 study of...
A flesh-eating parasite that feeds on warm-blooded animals has been detected in the United States after six decades. The U.S. Department of Agriculture's Animal and Plant Health Inspection Service (APHIS) confirmed the detection of a New World screwworm in a bovine in Zavala County, Texas. New World...
Lamb Weston Holdings, Inc. (LW), a supplier of frozen potato products, on Thursday said it plans to close its production facility in Broekhuizenvorst, the Netherlands. The company said the move is part of its broader executional excellence efforts and ongoing implementation of its Focus to Win strategy,...
Alnylam Pharmaceuticals, Inc. (ALNY) announced partnership with Inceptive Nucleics, Inc., an artificial intelligence-driven biotechnology company, in a deal valued at up to approximately $2 billion. The partnership combines Alnylam's expertise in RNA interference (RNAi) therapeutics with Inceptive's...
Shares of Inditex - Industria de Diseño Textil SA were gaining around 4 percent in Spanish trading after the clothing major on Wednesday reported higher first-quarter results, as well as higher sales for the second quarter-to- date period on strong demand. Looking ahead for fiscal 2026, Zara owner said it expects a stable gross margin, plus or minus 50 basis points.
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.
The UK construction sector shrank at the fastest pace in six years in May amid shrinking order books and rising economic uncertainty, survey data from S&P Global showed Thursday. The construction Purchasing Managers' Index unexpectedly fell to 38.2 in May from 39.7 in the previous month. The reading was seen at 40.4.
Germany's construction activity continued to contract sharply in May with firms recording a sustained fall in activity alongside soaring input costs, survey data from S&P Global showed Thursday. The construction Purchasing Managers' Index posted 42.4 in May, up from April's 13-month low of 42.1.
A closely watched UN Security Council election delivered a mix of continuity and change on Wednesday, as Austria, Portugal, Trinidad and Tobago, Zimbabwe - and first-time member Kyrgyzstan, secured seats as non-permanent members of the apex Council. The five countries were elected by the 193-member General Assembly to serve as non-permanent members of the Security Council for two-year terms begin
Bangladeshi Foreign Minister Khalilur Rahman has been elected as the President of the UN General Assembly's 81st session. He defeated Andreas Kakouris of Cyprus in a closely contested vote on Tuesday, positioning himself to steer the world body through a pivotal year marked by intensifying global crises, UN reform efforts and major leadership transitions. In a secret-ballot election, Rahman secur
After weeks of intense negotiations, Denmark's acting prime minister Mette Frederiksen has announced that her Social Democratic Party has reached a consensus on forming a center-left coalition government. Frederiksen told reporters after meeting King Frederik X that she would present the new cabinet on Wednesday under her third term as prime minister. Frederiksen had resigned after the ruling So
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.
Asian stocks retreated on Thursday as investors pulled back from technology and semiconductor shares following a weak forecast from U.S. chipmaker Broadcom. Also, ongoing tensions between Washington and Tehran kept oil prices elevated, raising concerns about inflation and interest rates. The dollar...
Despite lingering concerns about U.S.-Iran tensions, European markets closed higher on Thursday as oil prices fell on news about Lebanon and Israel agreeing to implement a ceasefire aided sentiment, prompting investors to pick up stocks.
Nexera Technologies Ltd (NEXR) shares surged 67.49 percent, gaining $0.6884 to $1.7084 on Thursday after the company announced that its majority-owned subsidiary, Fort Technology Inc., received formal approval from the Nasdaq Stock Market to list its common shares on the Nasdaq Capital Market.
Partially reversing three sessions of gains, crude oil prices have plunged on Wednesday as expectations of de-escalation in the Middle East rise following an Israel-Lebanon ceasefire announcement along with rising optimism on a U.S.-Iran deal over the weekend.
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.
Mounting outflows from U.S.-listed Bitcoin Spot ETF products and the liquidation of crypto long positions revealed a heavily bearish sentiment in cryptocurrency markets. The renewed concerns over the AI economy that followed the disappointing forecast by chip giant Broadcom has spilled over to the digital assets space in general and the AI-linked cryptocurrencies in particular.
President Donald Trump has signed an Executive Order to advance American artificial intelligence innovation to strengthen the nation's cybersecurity, protect critical infrastructure, and ensure the United States remains the global leader in AI innovation. The Order directs appropriate agencies to prioritize the cyber defense of National Security Systems, Department of War information systems, an
June's FDA calendar offers plenty for investors to keep a close eye on. Among the key names are Spero Therapeutics, awaiting an FDA decision on its antibiotic for complicated urinary tract infections; Kiniksa Pharma, seeking approval for a technology transfer of the manufacturing process for Arcalyst drug substance; and Merck, pursuing the first FDA approval for its WELIREG - KEYTRUDA combination.
Retail sales from the euro area and construction purchasing managers' survey results from Germany are the top economic news due on Thursday. At 2.30 am ET, consumer price data is due from Switzerland. Inflation is forecast to accelerate to 0.8 percent in May from 0.6 percent in April.
A report released by the Commerce Department on Wednesday showed a substantial increase in new orders for U.S. manufactured goods in the month of April. The Commerce Department said factory orders soared by 4.8 percent in April after jumping by an upwardly revised 1.8 percent in March. Economists...
In recognition of Brain Health Awareness Month, free brain health assessments are being offered throughout June. The invitation is designed to encourage adults, particularly those aged 55 and older, to take proactive steps in understanding and maintaining cognitive wellness.
Elon Musk's Space Exploration Technologies Corp. or SpaceX aims to price its initial public offering or IPO of around 556 million shares at $135.00 per share, with a view to raising around $75 billion, making it the largest stock market debut in history. With the planned IPO, spacecraft maker SpaceX's market valuation is estimated to reach $1.77 trillion, beating that of its sister concern Tesla Inc.
Meta is scaling back its plans to keep tabs on employees' computer activity following some serious pushback from within the company regarding a program aimed at gathering workplace data for AI training.
AlphaSense, a market intelligence platform powered by AI, just wrapped up a $350 million funding round, pushing its valuation to $7.5 billion, almost double its previous $4 billion.
The European Commission has rolled out a wide-ranging set of proposals aimed at boosting Europe's tech independence. This move is all about ramping up local semiconductor production, AI capabilities, and cloud computing infrastructure, especially since there's increasing reliance on U.S. and Chinese tech.