Gilead Sciences, the biopharma giant known for its HIV treatments, is strategically pivoting to become a major player in cancer therapy. Through targeted licensing and a focus on precision oncology, the company aims to build a multi-billion dollar revenue stream by the end of the decade, reducing its reliance on mature franchises.
Facing the looming patent expiration of key drugs Revlimid and Eliquis, Bristol-Myers Squibb is making a strategic pivot, acquiring Orbital Therapeutics for $1.5 billion to pioneer in vivo RNA therapies. This high-stakes move aims to redefine the company's growth in oncology and autoimmune diseases.
For retirees, homeownership offers stability but also carries unique financial risks. Financial experts emphasize that a dedicated, liquid cash reserve for unexpected repairs is non-negotiable for protecting a fixed income.
At a high-profile industry gathering in Taipei, Nvidia CEO Jensen Huang highlighted the intense demand for advanced semiconductors, calling on TSMC to accelerate output as AI hardware needs strain global supply chains.
The U.S. dollar climbed to a one-week high, buoyed by unexpectedly strong manufacturing activity and hawkish-leaning Federal Reserve commentary. The rally pressured major currency pairs and sent precious metals tumbling, as markets reassessed the timeline for potential interest rate cuts.
With a fortified war chest and production scaling up, Rivian is poised for its most critical test yet: winning over the mass market with its upcoming R2. While the financial runway is clear, the road to profitability hinges on consumer appetite for the new, more affordable model.
McDonald's is launching a high-end caviar pairing for Valentine's Day and introducing spicy menu items in Canada, signaling a dual strategy to engage customers through both luxury experiences and bold flavors.
Shares of New York-focused REIT Alexander's have delivered impressive returns, but a closer look reveals a widening gap between its market price and key valuation metrics, prompting debate among investors.
Polaris Inc. shares have surged over 55% in the past year, but a recent pullback has investors questioning whether the powersports leader remains a buy. Conflicting signals from valuation models paint a complex picture for the iconic brand.
Crude oil and gasoline futures tumbled sharply on Monday, pressured by a rallying U.S. dollar and signs of diplomatic engagement between the U.S. and Iran. The sell-off marks a significant reversal from last week's geopolitical premium.
The storied outdoor apparel brand Eddie Bauer is set to close all its physical stores across North America and file for Chapter 11 bankruptcy, marking a pivotal moment for a century-old retailer struggling to adapt in a rapidly changing market.
A young Australian woman has died following a horrific incident where her backpack became entangled in a ski lift at a popular Japanese resort, highlighting ongoing safety concerns.
Despite strong performance from the Latin American e-commerce and fintech leader, investment manager Triasima reduced its position, highlighting portfolio discipline over bearish sentiment.
Elon Musk has consolidated his AI venture, xAI, into SpaceX, creating a unified entity to pursue the audacious goal of deploying a million-satellite constellation that will function as solar-powered data centers in space, addressing the surging energy demands of artificial intelligence.
Precious metals markets are reeling after their sharpest single-day decline since 1980, yet major Wall Street institutions reaffirm ambitious year-end price targets, citing enduring structural drivers.
Apple shares surged over 4% as blockbuster Q1 earnings, led by iPhone sales and services growth, reignited investor confidence in the tech giant's expansion narrative, particularly in key markets like India.
Elon Musk merges his space and AI ambitions under one roof as SpaceX finalizes the acquisition of xAI. The strategic move, combining Starlink, social platform X, and chatbot Grok, sets the stage for a landmark public offering and accelerates Musk's vision for off-planet data infrastructure.
A new global survey from JPMorgan Private Bank shows wealthy families remain overwhelmingly cautious on cryptocurrency investments, with a strong preference for traditional portfolio strategies despite market hype.
As new CEOs take the helm at Target and Walmart, the retailers face divergent paths—one battling slumping sales and investor flight, the other riding a wave of growth fueled by e-commerce and high-income shoppers.
As tax deadlines loom, Gen Digital's LifeLock issues a stark warning about a sharp rise in sophisticated, AI-driven identity theft schemes targeting taxpayers. The alert underscores the evolving threat landscape where cyber security, personal finance, and digital fraud increasingly intersect.
