Business

Gilead to buy Germany’s Tubulis for up to $5 billion to boost cancer pipeline

Tuesday, April 7 by SRN News

April 7 (Reuters) - Gilead said on Tuesday it would acquire private Germany-based Tubulis GmbH for up to $5 billion, as the U.S. drugmaker looks to boost its pipeline with a lucrative class of experimental cancer drugs referred to as "guided missiles". This marks the... Read More.

Fed’s Williams says Middle East war will drive up inflation – Bloomberg

Tuesday, April 7 by SRN News

By Michael S. Derby April 7 (Reuters) - Federal Reserve Bank of New York President John Williams said Tuesday the Middle East war energy shock will drive up overall inflation over the course of this year, while reiterating monetary policy is in the right place... Read More.

US core capital goods orders increase in February

Tuesday, April 7 by SRN News

WASHINGTON, April 7(Reuters) - New orders for key U.S.-manufactured capital goods increased more than expected in February, but data for the prior month was revised sharply lower, suggesting some moderation in business spending on equipment in the first quarter. Non-defense capital goods orders excluding aircraft,... Read More.

Ackman’s Pershing Square makes $64B bid for Taylor Swift label Universal Music Group

Tuesday, April 7 by SRN News

Activist investor Bill Ackman's Pershing Square Capital Management is offering to purchase Taylor Swift and Bad Bunny's music label, Universal Music Group, in a cash-and-stock transaction valued at approximately $64 billion. The proposed deal would involve Universal Music merging with Pershing Square SPARC Holdings,... Read More.

Moody’s cuts outlook on US BDCs to ‘negative’ on redemption pressure, rising leverage

Tuesday, April 7 by SRN News

April 7 (Reuters) - Moody's Ratings on Tuesday revised its outlook on U.S. business development companies to negative from stable, citing rising redemption pressures, higher leverage and weakening access to funding markets. The move reflects a sharp shift in funding conditions for perpetual non-traded BDCs,... Read More.

Health insurers rise after US lifts 2027 Medicare Advantage payment rates

Tuesday, April 7 by SRN News

By Sriparna Roy April 7 (Reuters) - Shares of U.S. health insurers gained in premarket trading on Tuesday after the government finalized Medicare Advantage payment rates above estimates, which are expected to add more than $13 billion in additional payments next year. Insurers had lost billions... Read More.

US stock futures inch lower as investors assess Mideast developments

Tuesday, April 7 by SRN News

By Purvi Agarwal and Avinash P April 7 (Reuters) - U.S. stock index futures ticked lower on Tuesday as investors assessed comments that indicated the Middle East conflict could escalate, ahead of President Donald Trump's deadline for Iran to reopen the Strait of Hormuz. A... Read More.

Novo Nordisk launches higher-dose Wegovy in the United States

Tuesday, April 7 by SRN News

April 7 (Reuters) - Novo Nordisk said on Tuesday that it has made a higher-dose version of its blockbuster weight-loss drug Wegovy available across the United States. The 7.2-milligram dose, branded as Wegovy HD, gained approval under the FDA Commissioner's National Priority Review Voucher program... Read More.

UBS lowers 2026 S&P 500 target on Middle East conflict risks

Tuesday, April 7 by SRN News

April 7 - UBS Global Wealth Management trimmed its S&P 500 index target for 2026, pointing to sustained higher oil prices amid the ongoing Middle East conflict that could pressure U.S. economic growth and inflation. In a note dated April 6, the brokerage cut its... Read More.

Bourbon demand is down and tariffs aren’t helping. But distillers keep building

Tuesday, April 7 by SRN News

By Nicholas P. Brown and Emma Rumney BARDSTOWN, KY, April 7 (Reuters) - Like many whiskey distillers, Heaven Hill Brands is rolling back bourbon production this year, as demand lags. Yet, as the American spirit faced a tumultuous market in 2025, the Kentucky company built... Read More.

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Current Weather

Gilead to buy Germany’s Tubulis for up to $5 billion to boost cancer pipeline

Fed’s Williams says Middle East war will drive up inflation – Bloomberg

US core capital goods orders increase in February

Moody’s cuts outlook on US BDCs to ‘negative’ on redemption pressure, rising leverage

Health insurers rise after US lifts 2027 Medicare Advantage payment rates

US stock futures inch lower as investors assess Mideast developments

Novo Nordisk launches higher-dose Wegovy in the United States

UBS lowers 2026 S&P 500 target on Middle East conflict risks

Bourbon demand is down and tariffs aren’t helping. But distillers keep building

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