Paul Jackson

Europe’s New Energy Shock Has Already Cost $28 Billion

What Happened The European Union is moving into emergency mode again after another sharp energy shock, this time tied to the Iran war and the disruption it has caused across global oil and gas markets. According to the source, the

S&P 500, Nasdaq, Dow Slip as U.S.-Iran Tensions Return

What Happened U.S. stocks moved lower on Monday after a chaotic weekend pushed U.S.-Iran tensions back to the center of the market and raised new doubts about whether any peace path can hold. The Nasdaq Composite led the decline, falling

Eli Lilly to Buy Kelonia in Cancer Deal Worth Up to $7 Billion

What Happened Eli Lilly said it will acquire biotech company Kelonia Therapeutics in a deal worth up to $7 billion, giving the drugmaker a bigger foothold in next-generation cell therapy and cancer treatment. Lilly said it will pay $3.25 billion

Dow Jumps 1,000 Points as Iran Says Hormuz Is Open

What Happened U.S. stocks pushed higher on Friday after Iran said the Strait of Hormuz was open to commercial traffic, giving markets a major signal that one of the biggest pressure points in the recent U.S.-Iran conflict may be easing.

Netflix Stock Falls After Weak Forecast and Reed Hastings Exit

What Happened Netflix (NFLX) fell sharply in premarket trading after investors focused on weaker-than-expected second-quarter guidance, even though the company posted a stronger-than-expected first quarter. The streaming company also said co-founder Reed Hastings plans to leave the board in June

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