Weight loss drug maker sinks 25% after new safety data spooks investors
While the experimental drug met its key targets, analysts are concerned over the commercial opportunity due to side effects.
Bidding war erupts for world’s oldest bank as Italy’s Intesa gatecrashes BPM offer
Intesa on Monday announced an unsolicited offer of $35.3 billion, hoping to usurp its rival and create Europe’s second-biggest bank by market capitalization.
China’s Xi to visit North Korea for first time in seven years as Beijing tests its influence over Kim
North Korea may use the summit as an opportunity to press for economic concessions or Beijing’s “tacit recognition” of its nuclear status, analysts say.
Asia tech stocks extend sell-off with SoftBank down over 7% as investors sour on AI-linked names
Asian tech stocks tracked overnight losses in U.S. tech names led by a sell-off in Broadcom.
Oil prices spike over 3% as Iran and Israel trade strikes, escalating regional tensions
Oil rises on Monday amid heightened tensions in the Middle East, raising concerns that the conflict may drag on.
Foreign investors have dumped billions of dollars of Korean stocks this year despite record rally. Here’s why.
The selling intensified Monday as the benchmark Kospi plunged more than 8% at the open, even as it emerged as one of the world’s standout performers thus far.
Hong Kong’s IPO boom is developing a performance problem
As Hong Kong vies with Wall Street to be the top IPO market, a growing number of pre-debut runups turn sour after their listing.
Stock futures fall as Iran attack on Israel shakes fragile ceasefire: Live updates
Investors will also be focused on inflation data and the public debut of SpaceX on Friday.
Fragile ceasefire in jeopardy as Iran reportedly fires first missiles at Israel
The fragile ceasefire between the U.S. and Iran has been in place since early April.
Trump storms out of interview after being challenged about election fraud claims, DOJ fund
The president said he would like to see the weaponization fund proceed despite setbacks.