Evercore ISI says three years of biotech underperformance may be ending, gives its 5 favorite stocks
Evercore initiated coverage on the biotech sector and named its seven favorite stocks it calls “The Magnificent Seven.”
Fat Brands confidentially files to IPO its Twin Peaks and Smokey Bones restaurant chains
Fat Brands and its chair Andy Wiederhorn were criminally indicted for an alleged $47 million bogus loan scheme.
Watch Fed Chair Jerome Powell speak live to bankers group in Amsterdam
Federal Reserve Chair Jerome Powell speaks Tuesday to the annual general meeting of the Foreign Bankers’ Association in Amsterdam.
Wholesale prices rose 0.5% in April, more than expected
The producer price index was expected to increase 0.3% in April, according to the Dow Jones consensus estimate.
Trump lawyer calls out Michael Cohen TikTok insults in hush money trial cross-examination
Michael Cohen told jurors key details about the alleged awareness and involvement of Donald Trump in hush money payments to a porn star and a Playboy model.
Stellantis to rapidly grow exports of Chinese EVs to Europe, other countries
The announcement comes amid increasing geopolitical tensions surrounding China-made electric vehicles in the U.S., Europe and other regions.
GameStop jumps for a second day, but ends session well off highs as meme enthusiasm starts to fade
The meme stock rally kicked off by “Roaring Kitty” continued for a second day as shares from GameStop, AMC, Blackberry and Koss soared.
Apple’s new iPad Pro is thin and fast, but the software needs an update
CNBC reviews the new 13-inch iPad Pro 2024. It’s super thin and has a fast M4 processor, but the software needs an update.
Novavax stock jumps 50% as Sanofi deal kicks off turning point for struggling vaccine maker
Novavax said the deal with Sanofi allows it to remove its “going concern” warning, which it first issued last year due to doubts about staying afloat.
OpenAI launches new AI model GPT-4o and desktop version of ChatGPT
OpenAI on Monday introduced a new AI model and a desktop version of ChatGPT, its popular chatbot.
