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Shares of French biotech company Abivax soared Tuesday after it released fresh data on its lead drug for bowel disease, clawing back heavy losses from earlier in the month when the same trial had investors questioning the future of the drug. Abivax stock jumped 25% shortly after market open. It came after it crashed around 44% on June 2, following a data set that showed there were cancer cases among patients taking the highest dose of its experimental medicine obefazimod.The late-stage clinical trial data of the medicine, released late on Monday, showed that malignancies were in line with expected background…
At a supply chain expo in Beijing on June 24, 2026, PwC Global Chair Mohamed Kande gives a tour of the company’s booth to Ren Hongbin, Chairman of the China Council for the Promotion of International Trade (CCPIT).CNBC | Evelyn ChengHi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot of what I’m seeing and hearing from local businesses.As more Chinese tech companies set their sights on global users, competition with the U.S. enters a new phase.The big storyFrom data centers to artificial intelligence applications, Chinese companies are expanding…
2G Energy confirms 2026 guidance despite Q1 revenue drop Source link
Additionally, getting the state license would have cost Kalshi $15 million for the first four years, then $1 million annually. Kalshi—valued at $22 billion—considers the license too “costly and burdensome,” the complaint said. Kalshi wants exclusive CFTC oversight Specifically, Kalshi sued to block Illinois from requiring the platform to obtain the expensive sports betting license, verify that bettors are located in the state, and pay additional taxes. The company has alleged that states like Illinois are overstepping in attempting to regulate prediction markets as if they were sports wagering operators. Instead, a federal agency, the Commodity Futures Trading Commission (CFTC),…
Rafael Nadal interview with Tania Bryer for CNBC Meets.CNBCRafael Nadal says he spent most of his tennis career living out of hotels.”That’s what I did during half of my life, and I know what I like the most,” he told CNBC. So opening his own felt natural.The 22-time Grand Slam winner, who retired from competitive tennis in November 2024, just opened his fourth hotel in the Canary Islands in Fuerteventura under his hospitality brand Zel Hotels, founded in 2022 in partnership with Meliá Hotels International.The brand opened its first hotel, ZEL Mallorca, in 2023. Hotels in Costa Brava in Spain and…
A visitor holds a Labubu doll at Pop Mart International Ltd.’s “Monsters by Monsters: Now and Then” ten year anniversary exhibition in Shanghai, China, on Wednesday, Oct. 15, 2025. Qilai Shen | Bloomberg | Getty ImagesShort sellers are doubling down on Pop Mart International even as a recent share price recovery makes their bearish bets on the Chinese toymaker look increasingly risky.Short interest in Pop Mart climbed to 12.67% of shares outstanding as of Tuesday, up from 11.3% in April, according to S&P Global Market Intelligence data. Pop Mart shares have more than halved from their peak in August last…
Why is Luxshare Precision Industry stock surging today? Source link
Current satellite data measures ozone separately in the lower, middle, and upper stratosphere, and model simulations help scientists work out the causes of any changes in these layers. This is the capability we’re imagining adding to the world of the 1950s. Early detection The researchers ran a climate model that includes ozone chemistry, feeding it the history of greenhouse gas emissions, ozone-depleting pollution, and natural events like volcanic eruptions. After setting the background with a few simulations starting in 1850, they ran many simulations from 1950 onward with slightly different starting atmospheric conditions to generate a range of realizations. Detecting…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The EU must decide which industries to prioritise or face an exodus of energy-intensive sectors, warned the head of Covestro, as the German chemicals group announced investments of up to €4bn in China and the United Arab Emirates.“There’s a political decision at one point in time to subsidise, strategically, value chains that you want to keep,” said Markus Steilemann, chief executive of the group owned by Abu Dhabi’s national oil company, in an interview.Any moves by the EU to subsidise the local…
Seasonal trends favor the Nasdaq 100, a stronger U.S. dollar and lower global bond yields, according to Bank of America. It’s possible the market will do a repeat of the third quarter of 2018, BofA technical strategist Paul Ciana wrote in a note Sunday that examined top trades for seasonality around third quarters, the month and the second year of an American presidential cycle. That would argue for going long U.S. equities and the U.S. dollar while shorting Treasurys and commodities, he said, The bank said the backdrop could become more defensive because this point in the presidential cycle has…