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today's top stories

  • Top Biotech Gainers: ABVX, CING, DRTS, MMED... June 03, 2026 22:38 ET

    Today's gainers list includes ABIVAX, which recently announced positive ulcerative colitis trial results; Cingulate, which is working toward resubmission of a New Drug Application for an ADHD therapy; and Alpha Tau, following its joint partnership with Tolmar to bring Alpha DaRT Therapy to U.S. Urological Cancer Patients, among others.

  • Meta Scales Back Employee Activity Tracking Program Following Staff Backlash June 03, 2026 18:24 ET

    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 Secures $350 Mln At A $7.5 Bln Valuation Amid Strong AI Growth June 03, 2026 17:26 ET

    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.

  • EU Suggests New Tech Sovereignty Rules To Enhance Chips, AI, And Cloud Services June 03, 2026 16:32 ET

    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.

  • U.S. Stocks Give Back Ground Following Recent Upward Trend June 03, 2026 16:14 ET

    Stocks moved mostly lower over the course of the trading session on Wednesday, giving back ground after trending higher over the past several sessions. The major averages all moved to the downside, with the Dow showing a notable slump.

  • Can Light Alcohol Consumption Still Increase Your Cancer Risk? June 03, 2026 15:30 ET

    A new study by researchers at the Institute for Health Metrics and Evaluation (IHME) at the University of Washington has provided one of the most detailed analyzes so far on how alcohol affects health. The researchers reviewed data from 843 studies published up to 2023 and used a special method that...

  • Major Surgery May Accelerate Memory Decline In Older Adults, Study Finds June 03, 2026 14:01 ET

    A recent study suggests that the effects of a major surgery may go beyond pain and mobility issues, potentially causing a decline in memory and thinking abilities. Researchers followed 560 adults aged over 70 who showed no signs of dementia before undergoing major surgeries such as hip replacements...

  • Bangla Foreign Minister Khalilur Rahman Elected As UN General Assembly President June 03, 2026 13:09 ET

    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

  • U.S. Stocks Giving Back Ground Amid Ongoing Middle East Conflict June 03, 2026 11:28 ET

    After trending higher over the past several sessions, stocks are giving back some ground during trading on Wednesday. The major averages have all moved to the downside, although selling pressure has remained somewhat subdued. Currently, the major averages are off their lows of the session but still in the red.

  • U.S. Factory Orders Spike More Than Expected In April June 03, 2026 11:10 ET

    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...

  • U.S. Services Index Rises More Than Expected In May June 03, 2026 10:50 ET

    The Institute for Supply Management released a report on Wednesday showing its reading on U.S. service sector activity increased by more than expected in the month of May. The ISM said its services PMI rose to 54.5 in May from 53.6 in April, with a reading above 50 indicating growth. Economists had expected the index to tick up to 53.7.

  • U.S. Private Sector Job Growth Modestly Exceeds Estimates In May June 03, 2026 10:26 ET

    A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. jumped by slightly more than expected in the month of May. ADP said private employment shot up by 122,000 jobs in May after increasing by a downwardly revised 105,000 jobs in April.

  • Biotech Stocks Facing FDA Decision In June 2026 June 03, 2026 10:01 ET

    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.

  • U.S. Stocks May Give Back Ground In Early Trading June 03, 2026 08:56 ET

    After inching higher over the past few sessions, stocks may give back some ground in early trading on Wednesday. The major index futures are currently pointing to a modestly lower open for the markets, with the S&P 500 futures down by 0.2 percent. Uncertainty about the situation in the Middle East...

  • CDC Warns Of Risks For People Travelling Abroad For Cosmetic Procedures June 03, 2026 08:48 ET

    A study published in CDC's Emerging Infectious Diseases journal Tuesday highlights a growing concern for adverse outcomes from patients who have traveled abroad to undergo cosmetic procedures. The findings underscore the need for patients considering medical procedures abroad to fully understand the...

Global Economics Weekly Update -May 18 – May 22, 2026

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.

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