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Sam Bankman-Fried, the former head of FTX, just hit a big legal roadblock. A federal appeals court decided to uphold his fraud conviction, keeping his 25-year prison sentence for his part in the collapse of the cryptocurrency exchange.
A child's family income and the neighborhood they grow up in may play a much bigger role in brain development than previously believed, according to a new study published in Science. Researchers at Washington University in the United States analyzed brain scans from nearly 12,000 children aged 9 to...
A new Canadian study has found that social anxiety disorder (SAD) affects nearly one in seven adults, making it one of the country's most common mental health conditions. The findings, published in Psychiatry Research, showed that the number of people experiencing social anxiety has increased by 71%...
M.P. Evans Group PLC (MPE.L), a producer of palm oil, on Friday said crude palm oil production for the five months ended May 31, 2026, rose 8% to 157,600 tonnes, with 82% of output certified as sustainable. Total crop harvested in group-managed areas increased 10% to 575,100 tonnes The average...
Genmab A/S (GMAB) on Thursday presented new subgroup data from the Phase 3 EPCORE FL-1 trial showing that epcoritamab in combination with rituximab and lenalidomide (R2) delivered consistent efficacy and a manageable safety profile across multiple patient subgroups with relapsed or refractory follicular...
Kemira Oyj (KMRAF.PK) on Wednesday said it has lowered its 2026 profitability outlook, citing higher raw material and logistics costs resulting from the prolonged war in Iran and weaker-than-expected demand in its key customer industries. Kemira now expects full-year operative EBITDA to be between...
With consumers experiencing some relief due to the early-month easing in gasoline prices, the University of Michigan released a report on Friday showing a bigger than expected rebound in U.S. consumer sentiment in the month of June. The University of Michigan said its consumer sentiment index jumped to 48.9 in June after slumping to 44.8 in May. Economists had expected the index to rise to 46.0.
The U.K. economy contracted for the first time since August last year as the U.S.-Iran war has started to take its toll on business activity, official data showed Friday. Real gross domestic product decreased 0.1 percent in April, in contrast to a 0.3 percent expansion in March, the Office for National Statistics reported. This was the first monthly fall since August 2025.
GDP and foreign trade from the UK and final inflation from Germany and France are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial output and foreign trade figures. The economy is forecast to shrink 0.1 percent in April, in contrast to the 0.3 percent expansion seen in March.
The U.S. Supreme Court has denied the state of Alabama's appeal to execute death row inmate Jeffery Lee by nitrogen hypoxia. The Supreme Court issued an order Thursday refusing to overturn a federal court's ruling that nitrogen suffocation is unconstitutional, which means the convicted murderer's execution will be delayed. The State of Alabama appealed the ruling by two lower courts previously
The Indian government has summoned the deputy head of the U.S. mission in capital New Delhi in protest against the fatal U.S. attack on an Iran-linked oil tanker in the Gulf of Oman earlier this week. Indian media reported that Nagaraj Naidu, Additional Secretary in India's Foreign Ministry, summoned U.S. Charg d'Affaires Jason Meeks on Wednesday, a day after the Palau-flagged MT Settebello came
The U.S. House of Representatives has passed by a narrow majority the Secure America Act, locking in a roughly $70 billion package to fund Immigration and Customs Enforcement and Customs and Border Patrol for the full remainder of the Trump administration's term. Every Democrat in the House and Rep. Kevin Kiley, an independent who caucuses with the Republicans, voted against the bill, but it pas
Following the rally seen over the course of the previous session, stocks saw further upside during trading on Friday. The major averages fluctuated early in the session but spent most of the day in positive territory.
European stocks closed on a strong note on Friday, buoyed by hopes Iran and the U.S. will reach a peace agreement sometime soon, following U.S. President Donald Trump calling off his planned attacks on Iran yesterday. Enthusiasm surrounding the SpaceX IPO and its market debut, and a sharp drop in oil prices helped as well in lifting the sentiment.
Asian shares rallied on Friday after U.S. President Donald Trump called off new military strikes on Iran and said a peace deal could be signed in a few days, helping ease fears of escalation. Iran, however, maintained a tough stance and pushed back against optimistic remarks from Trump. Iranian...
Shares of Space Exploration Technologies Corp. (SPCX) surged 25% in midday trading Friday following the company's record-breaking $75 billion initial public offering, the largest IPO ever completed. The stock is currently trading at $168.63, up $33.63 or 24.91%, after opening at $150.00. Shares were...
Canadian stocks edged higher on Friday, extending the gains from previous session amid increasing optimism following U.S. President Donald Trump's reassurance on signing of a U.S.-Iran peace agreement over this weekend and reopening of the Strait of Hormuz. A surge in gold-linked materials sector gave the impetus to the index.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.
Renewed expectations of a peace deal between the U.S. and Iran supported sentiment in the crypto market.
President Donald Trump has signed a proclamation to restore commercial fishing access to nearly half a million square miles in the Pacific. The proclamation restores commercial fishing access to the Mau and Ho'omalu Zones of the Papahanaumokuakea Marine National Monument, the Islands Unit of the Mariana Trench Marine National Monument, and the Rose Atoll Marine National Monument. Prohibiting co
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.
Partly reflecting a continued spike in energy prices, the Labor Department released a report on Thursday showing a bigger than expected increase in U.S. producer prices in the month of May. The Labor Department said its producer price index for final demand shot up by 1.1 percent in May, matching a downwardly revised jump in April.
The Labor Department released a report on Thursday showing an unexpected uptick in first-time claims for U.S. unemployment benefits in the week ended June 6th. The report said initial jobless claims crept up to 229,000, an increase of 4,000 from the previous week's unrevised level of 225,000. Economists had expected jobless claims to dip to 219,000.
A new review suggests that music therapy may offer meaningful benefits for people living with neurological, psychiatric, and chronic health conditions, but its wider adoption in clinical practice continues to be limited by workforce shortages, inconsistent standards, and gaps in research.
Researchers at the University of Cambridge have achieved a major milestone in vaccine development by successfully testing an artificial intelligence (AI)-designed universal coronavirus vaccine in humans for the first time. Early results show that the vaccine is safe, well tolerated, and capable of generating...
Shares of Adobe Inc. were losing around 4 percent in the pre-market activity on Nasdaq on Friday after the tech major announced that Dan Durn, its executive vice president and CFO, is departing on June 15 to join a new firm. Meanwhile, the company reported higher second-quarter results, issued third -quarter outlook, and upgraded fiscal 2026 outlook for adjusted earnings and revenues reflecting...
It looks like Elon Musk might be set to become the first trillionaire if everything goes according to plan with SpaceX's upcoming IPO.
SpaceX is gearing up for what might be the biggest initial public offering ever, with investor interest far surpassing the $75 billion in shares the company plans to sell.
Prometheus, a new venture from Jeff Bezos, has successfully raised $12 billion in its latest funding round, bringing the valuation of this artificial intelligence startup to $41 billion.