‘Bubble effect’: Weight loss drug fueled growth is putting the pharma sector at risk, report finds
Obesity assets represent about 25% of total forecast sales of the late-stage pipeline, while oncology’s share has slipped to 20%, Deloitte found.
AI chipmaker Cerebras targets $3.5 billion raise in IPO
The share sale could give the company a valuation of up to $24.5 billion, compared with $23 billion as of February.
Rudy Giuliani, former New York mayor and Trump lawyer, hospitalized in critical condition
President Donald Trump called Rudy Giuliani a “True Warrior, and the Best Mayor in the History of New York City, BY FAR,” in a Truth Social post.
Trump says U.S. will ‘free’ ships trapped in Persian Gulf by Strait of Hormuz closure
Vessels have been largely unable to pass through the Strait of Hormuz for months, disrupting key supply chains.
Bard College President Leon Botstein retiring after Jeffrey Epstein ties detailed
Bard College’s long-time leader Leon Botstein has faced pressure since the DOJ released documents about his communications with Jeffrey Epstein.
Jobs and earnings will dominate the first full week of May. Here’s what’s ahead
A solid jobs report could alleviate fears of a weakening U.S. economy, which some recent signals have indicated.
Apple’s stock gains as company execs cite iPhone, Mac demand in boosting guidance
On its quarterly earnings call, Apple said revenue growth in the current quarter would be between 14% and 17%, well above analysts’ estimates.
UK exports to U.S. plunge by 25% after Trump’s ‘liberation day’ tariffs blitz
The U.K. is now running a trade deficit with its largest trading partner.
Atlassian stock soars 29% after earnings show strong cloud, data center growth
Atlassian’s stock has been hit hard in the “SaaS-pocalypse” sweeping software names as AI threatens to disrupt their business models.
Fed dissenters explain ‘no’ votes, saying they disagreed with hinting next move would be a cut
Federal Reserve officials who voted this week against the post-meeting statement said they didn’t think it was appropriate to signal that the next interest rate move would be lower.
