SpaceX is worth less than half of its $1.75 trillion IPO target, Morningstar says
The analysts see a wide range of possibilities around xAI and find its “economic moat indeterminate.”
Former Barclays CEO Bob Diamond says Middle East is primed for tokenized finance
Middle Eastern banks are at an advantage as they are more agile with less worries about legacy systems, according to Diamond.
10-year Treasury yield nears 4.5% again after strong jobs data, rise in oil
U.S. Treasury yields increased Wednesday as traders await new economic data amid ongoing Middle East tensions.
Tesla’s China-made EV sales jump nearly 40% in May as domestic market rebounds
Sales of Tesla’s China-made electric vehicles rose by nearly 40% in May amid a broader recovery in the country’s competitive market.
Novo Nordisk rolls out Wegovy pill in the UAE — testing appetite outside the U.S. with first global launch
Novo is “all in” on launching the Wegovy pill in overseas markets, and it sees it as a “major opportunity.”
Alphabet’s $80 billion stock sale leaves Wall Street in ‘unprecedented territory,’ says Goldman’s Gutman
Goldman Sachs is acting as a joint book-running manager for Alphabet’s underwritten offerings.
OECD warns of global slowdown as U.S.-Iran war stymies economic growth prospects
The OECD has cut its global growth outlook, warning of lasting damage caused by the Middle East conflict.
OECD warns of global slowdown as U.S.-Iran war stymies economic growth prospects
The OECD has cut its global growth outlook, warning of lasting damage caused by the Middle East conflict.
European shares head for negative open as White House proposes fresh tariffs on EU
European futures data pointed to a broadly negative open for shares listed in the region on Wednesday.
Dulux owner Akzo Nobel closes 17% lower after takeover talks collapse; European stocks fall
Investors are also monitoring developments in the U.S.-Iran war after tensions escalated overnight.
