Author: franperez66q@protonmail.com
Surging demand for weight loss and diabetes drugs leaves the pharmaceutical sector at risk from a “bubble effect” as profitability soars, new research suggests. Demand for the likes of Wegovy and Zepbound has driven research and development returns to their highest level in years, but a report published by Deloitte on Monday suggests this is masking pressure facing the rest of the sector. Pharmaceutical R&D returns for the world’s top 20 pharma companies have improved for a third consecutive year to 7%, thanks almost entirely to a handful of high-forecast assets such as glucagon-like peptide receptor agonists, or GLP-1s.The report found…
A trading floor manager works on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York, US, on Monday, May 4, 2026. Michael Nagle | Bloomberg | Getty ImagesLONDON — European stocks are expected to open mostly lower on Tuesday as investors digest the latest developments in the Iran war.The U.K.’s FTSE index is seen opening flat, Germany’s DAX and France’s CAC 40 down 0.4%, respectively, and Italy’s FTSE MIB 0.1% lower, according to data from IG.Global markets were shaken Monday as a fragile ceasefire between the U.S. and Iran appeared to be close to…
Bernstein Names Top Mainland Chinese Stocks Across Key Sectors Source link
The construction of a violin. The construction of a violin. Credit: Sotakeit/CC BY-SA 3.0 Or perhaps it was the varnish Stradivari used: a cocktail of honey, egg whites, and gum arabic. A 2022 study involving nanoscale imaging of two such instruments revealed a protein-based layer at the interface of the wood and the varnish, which may influence the wood’s natural resonance. Biochemist Joseph Nagyvary has argued that it was the chemicals used to treat the wood that give Stradivari violins their unique sound, specifically salts of copper, iron, and chromium used to preserve the wood—all of which are excellent wood…
Global economies could be “sleepwalking” into a “big recession”, as investors continue to underplay the impact of the oil price shock, Amrita Sen, founder and director, market intelligence at Energy Aspect, told CNBC’s “Squawk Box Europe” on Monday. The S&P 500 hit a new all-time intraday high last week, with the broad market index touching 7,230.12 on May 1. That’s despite a surge in the cost of energy caused by the war in the Middle East — with oil prices soaring more than 50% since the U.S.-Iran conflict began on Feb. 28. “This has been the biggest conundrum for us…
Michele Bullock, governor of the Reserve Bank of Australia (RBA), attends a news conference at the bank’s head office in Sydney, Australia, on Tuesday, Dec. 9, 2025. Australia’s central bank kept its key interest rate unchanged for a third straight meeting in a widely expected decision, while reiterating that future moves will hinge on incoming economic data. Photographer: Brendon Thorne/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesAustralia’s central bank on Tuesday raised its policy rate to 4.35%, matching its December 2024 peak, as inflation remains elevated.The move by the Reserve Bank of Australia was in line with expectations in…
China’s carmakers chase ’Yaris moment’ to ignite overseas growth Source link
The wind farms could generate 30 gigawatts, enough to power 15 million homes. Letters sent to developers in early April said the agency was reviewing its processes for evaluating energy projects’ impact on national security. The moves represent a dramatic escalation of the administration’s effort to shut down wind energy in the US, reaching for developments on private lands as well as public ones. President Donald Trump has a particular animosity towards wind farms. He has called them the “worst form of energy” and said his “goal is to not let any windmill be built.” Since its second term in…
The U.S. Secret Service insignia is pictured on a wall at the Secret Service headquarters in Washington.Kevin Lamarque | ReutersA U.S. Secret Service officer was arrested in Miami on a charge of indecent exposure while off-duty, authorities said Monday. The officer, John Spillman, had earlier worked on exterior security screening for President Donald Trump’s appearance Sunday at the PGA Tour’s Cadillac Championship, which was being held at the Trump National Doral.Spillman was held at the Miami-Dade County Jail in lieu of a $1,000 bond on Monday, online jail records showed.The 33-year-old has been placed on administrative leave from the Secret…
Europe’s largest lender HSBC on Tuesday reported first-quarter pre-tax profit of $9.4 billion, marginally missing analysts’ estimates on the back of larger-than-expected credit losses and other impairment charges.HSBC’s revenue gained 6%, year on year, exceeding estimates.Here are HSBC’s first-quarter results compared with the consensus estimates compiled by the bank.Pre-tax profit: $9.4 billion vs. $9.59 billionRevenue: $18.6 billion vs. $18.49 billionThe lender’s first-quarter profit before tax fell to $9.4 billion, down from $9.5 billion a year earlier.”We remain on track to have taken actions to deliver our $1.5bn annualised cost reduction by the end of June 2026,” the bank said in its statement. “Through the…