This week in the biotech space, there were regulatory approvals across the U.S. and Europe, collaborations, acquisitions, and positive data readouts spanning multiple therapeutic areas, including primary biliary cholangitis, fatigue, resectable lung cancer, and moderate-to-severe atopic dermatitis. Let's...
U.S. Transportation Secretary Sean P. Duffy announced that the Federal Aviation Administration will invest more than $523 million in airports nationwide to modernize infrastructure, improve safety and deliver a more efficient travel experience. The Department delivered 332 grants to airports in 43...
The world is heading into another period of dangerous heat, and it's nearly certain global temperatures over the next five years will stay "at or near record levels" as climate change accelerates across land and sea, a new UN report warns. A report produced by the UK Met Office and released on Thursday by the World Meteorological Organization said there is an 86 per cent chance that at least one
The French economy contracted unexpectedly in the first quarter due to the fall in exports and investment and consumer price inflation accelerated to the highest level in more than two years in May driven by the increase in energy prices, official data showed Friday. Gross domestic product shrank 0.1 percent in the first quarter from the preceding period.
An Indian court has rejected a plea by Pernod Ricard SA (PRN.L) seeking permission to sell its products in New Delhi, marking a setback for the French spirits maker in a key market where it is already facing regulatory and tax challenges, Reuters reported. The dispute stems from a prolonged conflict...
Design software company Autodesk Inc. (ADSK) on Thursday announced an agreement to acquire maintenance and operations software provider MaintainX in an all-cash transaction valued at about $3.6 billion. Autodesk said the acquisition is intended to strengthen its strategy of connecting design, manufacturing...
BMO Financial Group (BMO, BMO.TO) Thursday announced a renewed strategic partnership with the Vector Institute for Artificial Intelligence for an additional five years. The renewal reinforces BMO's commitment to advancing responsible AI. BMO is a founding supporter of the Vector Institute since 2017....
Germany's inflation slowed in May but core price pressures accelerated on higher service costs, and unemployment declined unexpectedly in April after a notable increase, official data showed Friday. Reflecting the slowdown in energy price growth, consumer price inflation weakened to 2.6 percent in May, preliminary estimate from Destatis revealed. Inflation rate was forecast to stay steady at 2.9
A report released by MNI Indicators on Friday showed its reading on Chicago-area business activity soared to its highest level in over four years in the month of May. MNI Indicators said its Chicago business barometer spiked to 62.7 in May from 49.2 in April, with a reading above 50 indicating growth. Economists had expected the index to rise to 51.2.
The U.S. Government has imposed sanctions on Persian Gulf Strait Authority, an Iranian government agency responsible for the authorization and regulation of maritime transit through Iranian waters. It was launched on May 5 as the U.S. warships entered the Strait of Hormuz to enforce blockade of Iranian ports. After the U.S. attacked Iran, Iran declared that vessels would be required to pay for s
The UK is set to sign a new defense and security treaty with Poland to protect British borders, tackle organised crime, bolster collective defences and deepen cooperation with the European Union. UK Prime Minister Keir Starmer will host his Polish counterpart, Donald Tusk, in London Wednesday, as they prepare to sign the new agreement to strengthen defense cooperation in the face of increasing ho
Russia has warned foreign nationals and diplomats to leave Kyiv "as soon as possible" ahead of an imminent attack on the Ukrainian capital. In a statement issued on Tuesday, Russia's foreign ministry said the new round of "systematic strikes" will target "decision-making centres and command posts", alongside drone manufacturing facilities in the city. Kyiv residents have been warned against stay
Following the advance seen over the course of the previous session, stocks may see further upside in early trading on Friday. The major index futures are currently pointing to a slightly higher open for the markets, with the S&P 500 futures up by 0.1 percent. Persistent optimism about a potential...
European stocks advanced on Friday, the dollar headed for a small weekly loss on improved risk sentiment in markets, and oil prices slipped to a one-month low after reports emerged the United States and Iran have agreed in principle to extend their ceasefire by 60 days. According to the tentative...
Asian stocks rose broadly on Friday, with optimism around the resonant AI trade, strong earnings from Dell Technologies, and reports of a proposed 60-day ceasefire extension between the U.S. and Iran as well as possible easing of shipping restrictions through the Strait of Hormuz helping underpin regional...
On Friday, Axactor ASA (ACR.OL), a financial services company, reported lower profit for the first quarter of 2026, mainly due to a wider loss from purchased loan portfolios and lower revenue. Profit after tax attributable to the shareholders of the parent company for the first quarter went down to...
Canadian stocks are likely to open on a mixed note on Friday with investors reacting to Middle East news and digesting the most recent economic data and earnings news.
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.
Cryptocurrencies have staged a mild rebound on Friday amidst easing geopolitical tensions and declining crude oil prices.
The May FDA calendar appears relatively light. The upcoming regulatory milestones include a potential label expansion of argenx SE's VYVGART, and an additional indication for Daiichi Sankyo Company and AstraZeneca plc's cancer therapy Enhertu, among others.
After reporting a sharp increase in new home sales in the U.S. in the previous month, the Commerce Department released a report on Thursday showing new home sales pulled back by much more than expected in the month of April. The Commerce Department said new home sales plunged by 6.2 percent to an annual rate of 622,000 in April after surging by 3.4 percent to a revised rate of 663,000 in March.
Revised data released by the Commerce Department on Thursday showed the U.S. economy grew by less than previously estimated in the first quarter of 2026. The report said real gross domestic product shot up by 1.6 percent in the first quarter, reflecting a downward revision from the previously reported 2.0 percent surge.
A report released by the Commerce Department on Thursday showed new orders for U.S. manufactured durable goods soared by much more than expected in the month of April. The Commerce Department said durable goods orders spiked by 7.9 percent in April after jumping by an upwardly revised 1.3 percent in March.
The Commerce Department released a report on Thursday showing consumer prices in the U.S. increased by slightly less than expected in the month of April. The report said the personal consumption expenditures (PCE) price index rose by 0.4 percent in April after climbing by 0.7 percent in March. Economists had expected prices to increase by 0.5 percent.
Three nations hosting the 2026 FIFA World Cup host have announced Public Health Travel Measures for African fans attending the football tournament in July-August. The United States, Mexico, and Canada have announced aligned public health travel measures for individuals coming from African regions...
The U.S. government has announced an additional $80 million in bilateral assistance to key partners on the ground to contain the Ebola outbreak at its source and to protect the American people and prevent further international spread. The Department of State said the new funding will be used for PPE...
Health analytics group EPIC Research recently released new data showing that the use of GLP-1 weight-loss and diabetes drugs in the United States has risen sharply in recent years. At the same time, the country's obesity rate has shown a small but steady decline. The researchers added that although it...
The Wisconsin Department of Health Services (DHS) on Wednesday reported the state's first mpox cases of the year after identifying a cluster of infections. According to DHS, five mpox cases had been reported in Wisconsin as of May 3. The cases were found in southeastern and northern parts of the state. Health...
BYD Company Limited (BYDDY) has just launched a new wave of tech innovations, including what it claims is China's first automotive-grade 4-nanometer chip designed for self-driving cars.
The European Union has hit the Chinese-owned online retailer Temu with a EUR200 million ($232 million) fine after regulators discovered a slew of illegal and potentially dangerous items on its platform, like unsafe baby toys and faulty chargers.
A software engineer at Google, under Alphabet Inc. (GOOG) has been arrested and is facing charges in the U.S. for allegedly using insider info to make profitable bets on the prediction market platform Polymarket.
Shares of Dollar Tree Inc. were climbing around 13 percent in the pre-market activity on Nasdaq, after the discount retailer on Thursday issued positive second-quarter comparable store sales outlook and raised fiscal 2026 earnings view on strong demand, after reporting higher first-quarter results. Separately, Dollar Tree announced a new partnership with commerce platform DoorDash Inc.