Shares of Sarepta Therapeutics fell close to 37% on Friday after reports emerged that the US Food and Drug Administration is considering whether to halt the distribution of Elevidys, the company’s flagship gene therapy for Duchenne Muscular Dystrophy (DMD). The move comes amid an ongoing investigation into multiple patient deaths…
Talen Energy (NYSE: TLN) shares surged over 25% on Friday, reaching $330.99 in intraday trading and setting a new all-time high before paring slightly. The rally follows the company’s announcement of a major acquisition involving two natural gas power plants, the Moxie Freedom Energy Center in Pennsylvania and the Guernsey…
Donald Trump filed a sweeping lawsuit against media magnate Rupert Murdoch, News Corp, Dow Jones, and two Wall Street Journal reporters on Friday, escalating the fallout from a story that detailed a risqué letter allegedly written by Trump to Jeffrey Epstein. The suit, filed in federal court in southern Florida,…
El Salvador, once hailed as the global trailblazer for national Bitcoin adoption, is quietly shifting gears. After making headlines in 2021 for becoming the first country to embrace Bitcoin as legal tender, recent disclosures point to a dramatic slowdown.A new report by the International Monetary Fund (IMF), released on 15…
Burberry reported a smaller-than-anticipated decline in comparable retail sales for its fiscal first quarter, offering investors an early glimpse of progress in the British luxury brand’s turnaround plan. The company said on Friday that comparable store sales dropped 1% for the quarter ended June 28, outperforming analyst expectations of a…
The US Supreme Court has allowed the Trump administration to proceed with sweeping staff cuts at the Department of Education, lifting a lower court injunction that had paused layoffs of around 1,400 employees in March. The decision has intensified operational concerns at a time when millions of student loan borrowers…
Bank of America pointed out trade setups investors can do if US President Donald Trump fires US Federal Reserve Chair Jerome Powell. The long-simmering tensions between Trump and Powell reached a new level this week, with reports suggesting Trump had moved closer to attempting Powell’s removal. Although Trump later denied…
Trade tensions between the United States and the European Union have intensified, as former President Donald Trump escalates demands for significantly higher tariffs in ongoing negotiations. With an August 1 deadline looming, both sides face a standoff that could trigger retaliatory measures and unsettle global markets.Trump pushes for 15%–20% minimum…
Federal Reserve Governor Christopher Waller on Friday reiterated his support for an interest rate cut at the central bank’s upcoming July 29–30 policy meeting and suggested he may dissent if the Federal Open Market Committee (FOMC) opts to hold rates steady.In a televised interview with Bloomberg, Waller made it clear…
Shares of Sarepta Therapeutics fell close to 37% on Friday after reports emerged that the US Food and Drug Administration is considering whether to halt the distribution of Elevidys, the company’s flagship gene therapy for Duchenne Muscular Dystrophy (DMD). The move comes amid an ongoing investigation into multiple patient deaths…