Shares of Agios Pharmaceuticals surged nearly 15% in premarket trading on Wednesday after the US Food and Drug Administration approved an expanded use of its drug mitapivat, strengthening investor optimism around the company’s growth prospects.The approval allows mitapivat to be used to treat anemia in patients with both non-transfusion-dependent and…
Latin America’s steel industry is under increasing strain as surging imports from China squeeze local markets and stall growth, despite the region’s rising demand for building materials.Industry officials argue that domestic producers face an uneven playing field, distorted by government subsidies and artificially low prices that favour Chinese steel. According…
Gold prices took a breather on Christmas Eve after rising above the psychologically-crucial level of $4,500 per ounce. Silver prices also fell slightly on Wednesday, after having hit a series of record highs in the last few weeks. Prices had breached $72.7055 per ounce for the first time ever earlier in…
European markets drifted into the Christmas break as thin trading left the FTSE slightly lower, even as the index capped a standout year of outperformance.Politics, meanwhile, moved faster than markets: Washington’s visa bans on EU tech figures sharpened a transatlantic clash over free speech and regulation, while Paris pushed to…
Markets tiptoed into Christmas with records on thin ice. US equities notched fresh highs in a shortened session, Japan saw a landmark private-equity exit under activist pressure, oil rebounded on growth optimism shadowed by geopolitics, and crypto remained stuck in holiday limbo. Precious metals quietly stole the spotlight as uncertainty…
Shares of Agios Pharmaceuticals surged nearly 15% in premarket trading on Wednesday after the US Food and Drug Administration approved an expanded use of its drug mitapivat, strengthening investor optimism around the company’s growth prospects.The approval allows mitapivat to be used to treat anemia in patients with both non-transfusion-dependent and…
Nvidia stock (NASDAQ: NVDA) tumbled nearly 1% on Wednesday after reports surfaced that the AI chipmaker has paused testing of Intel’s ambitious 18A manufacturing process.The move marks a significant setback for Intel’s foundry revival strategy and reinforces questions about whether the chip giant can compete with Taiwan Semiconductor Manufacturing Company…
Gold prices took a breather on Christmas Eve after rising above the psychologically-crucial level of $4,500 per ounce. Silver prices also fell slightly on Wednesday, after having hit a series of record highs in the last few weeks. Prices had breached $72.7055 per ounce for the first time ever earlier in…
Wall Street closed higher for a fifth consecutive session on Wednesday, with the Dow Jones Industrial Average gaining approximately 300 points to reach a fresh record high as investors welcomed weaker-than-expected inflation signals.The S&P 500 also hit an intraday record of 6,937 despite mixed breadth, though technology stocks like Nvidia…
European markets drifted into the Christmas break as thin trading left the FTSE slightly lower, even as the index capped a standout year of outperformance.Politics, meanwhile, moved faster than markets: Washington’s visa bans on EU tech figures sharpened a transatlantic clash over free speech and regulation, while Paris pushed to…