Even as gold has hit a series of record highs recently, silver’s rally remains more impressive this year so far. Silver prices on COMEX have risen by a whopping 57% since the start of the year, outperforming even gold, which has gained 45%. Last month alone, gold’s little brother rose by 15%.The…
France is confronting one of its biggest fiscal challenges in years, with Prime Minister Sebastien Lecornu under pressure to balance the euro area’s largest deficit while addressing mounting demands for tax justice. At the centre of the debate is whether the nation’s wealthiest citizens and biggest companies should pay more…
Denmark’s Genmab has agreed to acquire Merus NV, a Nasdaq-listed Dutch biotechnology company, in an all-cash transaction valued at $8 billion, the companies announced on Monday. The deal marks a significant expansion of Genmab’s oncology portfolio, adding a promising late-stage cancer therapy candidate to its pipeline.Under the terms of the…
European shares edged higher on Monday, lifted by gains in healthcare and technology, as investors weighed the risk of a US government shutdown that could delay the release of key economic data.Major European stock indices opened higher on Monday as investors awaited key economic data, including Spain’s inflation and retail…
GSK announced on Monday that Chief Executive Emma Walmsley will step down after nine years in the role, with current Chief Commercial Officer Luke Miels set to take over on January 1. The transition marks a major shift for the UK-based drugmaker as it seeks to define its long-term growth…
The TikTok deal has intrigued the markets experts, not just because of its $14 billion price tag but because of what it represents: a rare blend of politics, regulation, and corporate strategy colliding in real time. For many investors, the deal is less about numbers on a balance sheet and…
Following a social media post by US President Donald Trump over the weekend, which suggested potential health benefits from cannabidiol use, shares of cannabis companies rose in early premarket trading on Monday, according to a Reuters report.In a post on Sunday, Trump suggested that cannabidiol (CBD) holds significant promise for…
BP, a British energy major, announced on Monday its decision to proceed with a $5 billion offshore drilling project in the US Gulf of Mexico. This move highlights the company’s dedication to rebuilding its oil and gas business in the American region.The Tiber-Guadalupe project, a significant undertaking in the oil and…
OpenAI has unveiled robust new parental controls for its flagship chatbot, ChatGPT, marking a pivotal move toward protecting teenagers online. The initiative comes against the backdrop of mounting concern over AI’s influence on youth, especially after a high-profile lawsuit alleged ChatGPT played a role in a teen’s suicide. Parents, educators,…
Wells Fargo shares edged lower in premarket trading Monday after Morgan Stanley analyst Betsy Graseck downgraded the bank to equal weight from overweight. The move comes even as Graseck raised her price target on the stock to $95 from $87, a level that implies just 2.3% upside from Friday’s close.The…