Bond traders are scrambling for a new strategy after the oil-driven inflation shock triggered by the war in Iran scuppered the popular bet on interest-rate cuts from the Federal Reserve.
A judge ordered Kalshi to immediately halt sports and election contracts in the state, intensifying a growing regulatory battle over prediction markets.
Earendil Labs raises $787M for AI drug platform, with 40+ programs and Sanofi partnership. CEO Jian Peng leads US-headquartered, China-rooted biotech considering Hong Kong IPO.
Announcement follows receipt of all regulatory clearances necessary for closing Transaction enables Abbott to enter and lead in fast-growing cancer screening and diagnostics segments, serving...
At least a dozen large Indian drugmakers are set to roll out copies of Novo Nordisk A/S’s blockbuster weight-loss drugs as soon as the patent expires Friday, crashing prices in the country with the third-largest overweight population.
Alibaba Group Holding Ltd. and Tencent Holdings Ltd. lost $66 billion of market value in roughly 24 hours, after the market punished the twin leaders of China’s tech arena for failing to lay out clear visions for how to profit off artificial intelligence.
Federal aviation officials are investigating a close call at Newark Airport in which an Alaska Airlines jet flew over a FedEx cargo plane during landing approaches. The incident happened Tuesday night at the busy airport. The NTSB and the FAA are both investi…
President Donald Trump has for months wanted to remove Jerome Powell as chair of the Federal Reserve. But instead, an investigation by one of his own officials could end up extending Powell's time at the top of the central bank even after his term formally en…