INDYNEWS
- Sanofi to pay Regeneron up to $8 billion to expand Dupixent antibody pipeline
The deal adds new antibody candidates to the companies' blockbuster Dupixent partnership and sent Sanofi shares higher.
- Treasury's Smaller Buyback Sizes Reopen Debate Over Its Market Goals
Smaller-than-expected debt repurchases from the US Treasury are prompting questions about whether the program is doing what it was designed to do, even as bond strategists argue conditions could be worse.
- Sanofi Adds $1 Billion Upfront In Expanded Regeneron Alliance
The French drugmaker and its US partner widened a deal that could be worth up to $8 billion as both companies push deeper into shared drug development.
- Goldman Sachs pushes back its Fed rate-hike call to December
The shift comes as fresh inflation data shows the Fed has now missed its 2% target for 66 straight months.
- Lynas Rare Earths shares drop 7% to eight-month low on Meteoric acquisition
Investors punished the rare-earths miner's $672 million deal for Meteoric even as the purchase was meant to secure new supply.
- Tencent to rent 100,000 Oracle chips in Southeast Asia AI push
The WeChat owner's deal gives it access to Oracle's regional data centers as it races ByteDance and Alibaba on AI infrastructure, the Financial Times reported.
- Gold Steadies After 6% September Drop as Soft PCE Data Eases Fed Hike Bets
The metal's slide last month marked one of its sharpest monthly declines in years before stabilizing as inflation data reduced rate-hike expectations.
- TSMC Weighs Texas Expansion as U.S. Chip Push Widens
Reuters and other sources say the Taiwanese chipmaker is evaluating a new investment in Texas, adding to its existing Arizona buildout.
- Synopsys Shares Jump Nearly 5% on New Partnership Deals
The chip-design software maker's stock rose after it announced arrangements with two major partners at its analyst and investor day.
- Micron Quadruples Revenue as AI Memory Shortage Tightens Supply
The chipmaker's fiscal fourth-quarter results beat Wall Street estimates, with executives warning that AI-driven demand is outstripping memory chip supply.
- Synopsys Strikes AI Chip-Design Deal With OpenAI
The partnership pairs Synopsys's chip-design software with OpenAI's models, a move investors are still trying to price in.
- Warner Bros Discovery Hits 52-Week High After Judge Clears Paramount Deal
A U.S. judge's approval lets Paramount close its acquisition of Warner Bros Discovery just as WBD shares touched $30.93.
- Treasury Yields Post Fastest Climb in Decades as $30 Trillion Market Buckles
Paramount's debt sale to fund its Warner Bros purchase became the latest test of how much borrowing the market can absorb at today's rates.
- Cooler Inflation Reading Fails to Move Bond Yields as Goldman Pushes Back Fed Hike Call
The Fed's preferred inflation gauge rose less than forecast in August, yet Treasury yields held steady while Goldman Sachs shifted its rate-hike forecast to December.
- Liquidia Stock Craters After Losing Patent Case to United Therapeutics
A federal court ruled against Liquidia on two patent claims, handing a win to rival United Therapeutics and threatening the drugmaker's product pipeline.
- 52-Week Lows Pile Up Across Utilities, Retail and Credit Despite Index Gains
CMS Energy, UFP Industries, Deckers, Blue Owl Capital and Marzetti all hit fresh 52-week lows even as the S&P 500 posted a slight September gain.
- Five H.B. Fuller Directors Buy Roughly $100,000 of Stock Each
The near-simultaneous purchases by five separate board members are an unusually concentrated show of insider confidence.
- August PCE Inflation Comes In Below Forecasts, Stocks Edge Higher
Consumer spending stayed strong even as the Federal Reserve's preferred inflation gauge undershot expectations, reinforcing bets on a soft landing.
- MongoDB Rallies As Rating Upgrade Accompanies CEO Transition
Analysts framed the leadership change as a catalyst rather than a risk, driving the stock higher in the September 30 session.
- Russia Extends Diesel Export Ban, Adding Pressure to Global Fuel Supply
The curbs, first imposed after Ukrainian drone strikes on refineries, threaten to deepen an already tight diesel market.
- William Blair Starts CoreWeave at Outperform as Shares Rise
The bullish initiation lands the same session CoreWeave stock advances, adding a fresh voice to the AI-cloud trade.
- Traders slash October Fed rate-cut bets after soft data, bond quarter turns ugly
Wagers on an October rate cut fell sharply even as bonds head for what one wire called a 'cruel quarter,' with the yen rebounding and the dollar sitting near a two-month high.
- China factories return to growth as global bond yields climb together
September's PMI improvement lands alongside a broad rise in government bond yields from the U.S. to Europe, and gold's 1.6% gain shows investors still hedging.
- Oil rises after Trump denies loosening Iran sanctions
Crude had dropped sharply as Middle East supply concerns eased, before the denial reversed part of that move.
- Five Definium Therapeutics executives sell stock in the same week
CEO, CFO, chief legal officer, chief commercial officer and chief medical officer all filed insider sales within days of each other.
- UK Data Splits: Car Output Rebounds In August, But Business Mood At 17-Month Low
Lloyds' morale gauge and the auto sector's production numbers are pointing in opposite directions for the UK economy.
- Robinhood To Let Users Trade Stocks Around The Clock On Weekends
The brokerage says weekend access will let retail investors react to news the moment it breaks, not on Monday morning.
- Boeing Lands $20 Billion Navy Fighter Jet Contract
Shares rose after the Pentagon picked Boeing to build its next-generation carrier-based fighter, a deal two separate wire reports valued at $20 billion.
- Options Markets Flag Big Swings Ahead for October Earnings Reports
Traders are pricing double-digit percentage moves for Penguin Solutions, Lamb Weston and Constellation Brands around their upcoming earnings dates.
- 30-Year Treasury Yield Hits Highest Level Since 2002
Long-dated US government debt extended its slide as inflation worries and rising oil prices pushed borrowing costs to a 24-year high.