CVS blows past estimates, hikes outlook as insurance business outperforms
All of the health-care giant’s business segments, including its insurer Aetna, its retail pharmacy and health services unit, surpassed expectations.
Disney reports earnings before the bell. Here’s what to expect
Disney’s second-quarter earnings report comes less than two months after Josh D’Amaro took the helm as CEO.
FDA withdrew studies finding Covid, shingles vaccines were safe
The studies were “withdrawn because the authors drew broad conclusions that were not supported by the underlying data,” the spokesperson told CNBC.
Stock futures rise on renewed hopes for Iran deal; AMD gains after earnings: Live updates
Buoyed by solid earnings and lower oil prices, the S&P 500 and Nasdaq Composite both reached new intraday and closing highs on Tuesday.
Private credit’s $2 trillion boom raises global stability fears, watchdog warns
The Financial Stability Board wants regulators to tighten up their supervision of private credit amid fears of growing stress in the sector.
Wegovy pill sales smash forecasts after launch as Novo Nordisk hikes guidance
Novo Nordisk raised its outlook for 2026 after a strong performance from its newly launched Wegovy pill.
China hosts Iran’s top diplomat just days ahead of Trump’s high-stakes visit
Iran’s Foreign Minister Abbas Araghchi trip to Beijing on Wednesday marks the first time he has visited China since the beginning of the Iran war.
Samsung hits $1 trillion valuation as AI rally lifts shares over 10%
The rally comes after the company reported an over eightfold increase in first-quarter operating profits last week.
In the global AI race, a sanctioned Chinese firm says cheaper models can still win
As China’s AI competition intensifies, SenseTime is shifting toward multimodal AI, lower-cost models and overseas expansion to remain competitive, co-founder Lin Dahua said.
Oil prices fall as Trump pauses Hormuz escort effort
Oil prices fell after Trump said the U.S. would pause its naval escort endeavor in the Strait of Hormuz, raising hopes of a potential deal with Iran.