David Risinger, Leerink, joins ‘Fast Money’to share his prognosis for the biopharma space. Source link
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The U.S. Capitol building after the U.S. Senate advances a bill to end the government shutdown in Washington, D.C., U.S., November 10, 2025. Evelyn Hockstein | ReutersEconomic data releases that have lagged during the government shutdown likely will take some time to get rolling again once Congress is back in business.The reopening could happen as soon as the end of this week once final votes take place and President Donald Trump signs a stop-gap spending bill into law.From there, though, it will take the various agencies, primarily in the departments of Labor and Commerce, to get up and rolling again…
Crystals of gallium are seen in a laboratory at Freiberg University of Mining and Technology in Saxony, Germany on 13 September 2023.Picture Alliance | Picture Alliance | Getty ImagesChina has rolled back a number of restrictions on its export of critical minerals and rare earth materials to the United States, in a sign that a trade truce between the world’s two largest economies is holding.China’s Ministry of Commerce said Friday that it would suspend some export controls on critical minerals used in military hardware, semiconductors and other high-tech industries for a year.The suspended restrictions, first imposed on Oct. 9, include…
GE Aerospace’s impressive rally since its spin-off from General Electric has captured investor enthusiasm; shares are up more than 90% year to date, but the stock’s altitude — it’s trading at a premium of 15%-40% above its own five-year average valuation multiple, depending on the metric one uses — may be unsustainable. Despite the company’s dominant position in commercial aviation engines, several concerning factors suggest potential downside risks. Weakening consumer spending could reduce airline profitability and slow aircraft orders. Airlines may defer new deliveries or maintenance spending during downturns, which can directly impact GE Aerospace’s revenue streams. The company’s heavy…
When Juan Andrade stepped into the role of CEO of USAA, the veteran insurance industry executive said one of his key priorities was elevating the company’s efforts to help military families achieve financial security.USAA, with its distinct focus on serving the military, veterans, and their eligible family members through insurance, banking and retirement products, has positioned itself as an advocate for these groups since its founding in 1922 by military officers.But Andrade said he said he saw an opportunity to take that a step further, feeling it was the association’s collective duty to “use our voice and our brand for…
U.S. President Donald Trump hosts a bilateral lunch with Hungary’s Prime Minister Viktor Orban (not pictured) at the White House in Washington, D.C., U.S., Nov. 7, 2025. Jonathan Ernst | ReutersPresident Donald Trump has doled out dozens of executive clemency grants in the past few weeks alone, issuing pardons and commutations to major business figures, political supporters and other allies.Some hope he’s just getting started.Trump started wielding his presidential mercy powers aggressively on the first day of his second term, when he pardoned roughly 1,500 people who were charged in connection with the Jan. 6, 2021, riot at the U.S.…
Traders work on the floor of the New York Stock Exchange (NYSE) on November 07, 2025 in New York City. Spencer Platt | Getty Images November is historically the best month for the S&P 500, which gains an average of 1.8% during the period, according to the Stock Trader’s Almanac.But the first full trading week of the month saw stocks caught in November rains.The S&P 500 and Dow Jones Industrial Average each lost more than 1%, while the Nasdaq Composite shed around 3% — that’s its largest weekly loss since the tech-heavy index slumped 10% in the week ended April…
Investors should take advantage of the volatility in artificial intelligence stocks and scoop up shares at a discount, according to portfolio manager Tom Hancock. Hancock, who runs the GMO U.S. Quality ETF (QLTY) , remains bullish on AI-related stocks even as worries mount over a bubble in the sector. Declines in tech stocks put pressure on the Nasdaq Composite on Tuesday, reversing gains seen in the previous session. Last week, the Nasdaq fell 3%, marking its biggest weekly pullback since April. “We’d certainly be looking at buying more” in the tech sector, Hancock said Monday on CNBC’s ” The Exchange…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The stock market was mixed on Tuesday. The Nasdaq came under pressure due to weakness in megacap tech names following CoreWeave’s quarterly earnings report Monday evening. The AI infrastructure provider’s guidance disappointed Wall Street, sending the stock down more than 15% Tuesday afternoon. Club holding and chipmaker Nvidia shares fell nearly 3%. Meanwhile, the S & P 500 and Dow both advanced as investors rotated out of tech and into…
Traders work on the floor of the New York Stock Exchange (NYSE) on November 07, 2025 in New York City. Spencer Platt | Getty Images November is historically the best month for the S&P 500, which gains an average of 1.8% during the period, according to the Stock Trader’s Almanac.But the first full trading week of the month saw stocks caught in November rains.The S&P 500 and Dow Jones Industrial Average each lost more than 1%, while the Nasdaq Composite shed around 3% — that’s its largest weekly loss since the tech-heavy index slumped 10% in the week ended April…
