US Politics & Business News
The Protect College Sports Act is heading toward a full Senate vote, potentially arriving as soon as this week amid growing pressure to act before the summer recess. The bill was co-authored by Sen. Ted Cruz (R-Texas) and Sen. Maria Cantwell (D-Wash.), drawing bipartisan support for a sweeping overhaul of college athletics governance. The Senate…
Danish drugmaker Novo Nordisk built an early empire on the back of semaglutide, the active ingredient powering both its blockbuster Ozempic and Wegovy treatments. Ozempic was originally developed to treat type 2 diabetes before patients and physicians discovered its dramatic weight-loss effects, setting off a global pharmaceutical gold rush. Novo rebranded semaglutide as Wegovy specifically…
D-Wave Quantum Inc. (Nasdaq: QBTS) has announced a major research breakthrough that advances the development of practical, fault-tolerant gate-model quantum computing. The findings, published in the peer-reviewed journal Nature, demonstrate a fast, high-fidelity, two-qubit entangling gate that preserves the error-correction advantages of D-Wave’s superconducting dual-rail qubit architecture. The paper, titled “An entangling gate for dual-rail…
Eli Lilly and Co. (LLY) shares climbed in premarket trading after the pharmaceutical giant reported a stunning 48% jump in second-quarter revenue, driven by surging demand for its blockbuster weight-loss and diabetes treatments. The company posted adjusted earnings of $8.38 per share, up from $6.31 a share in the same period a year earlier, handily…
Europe’s crippling summer drought has grown severe enough to threaten economic growth across the continent, pushing governments into extraordinary and unprecedented measures. Romania recently shut down its sole working nuclear reactor cooled by the Danube River for the first time, a dramatic step that underscores the scale of the crisis. Bucharest even deployed naval forces…
U.S. stock futures edged higher Wednesday morning as reports of a potential diplomatic breakthrough over the Strait of Hormuz lifted investor sentiment broadly. As of 4:00 a.m. ET, Nasdaq futures were up 0.1%, while S&P 500 (SPY) and Russell 2000 futures gained 0.4% and Dow futures rose 0.2%. Economist Ed Yardeni said his year-end S&P…
Getting married later in life can carry significant financial consequences, particularly for those relying on government benefit programs tied to marital status. Two specific programs are at stake for a 67-year-old considering remarriage: Supplemental Security Income and divorced spouse Social Security benefits. Supplemental Security Income, commonly known as SSI, is a federal program administered by…
Wall Street is bracing for the historically weakest stretch of the calendar year, a period that has repeatedly tested investor nerve and portfolio resilience. The S&P 500 is moving into the August through October window, which has proven to be the most treacherous seasonal span for equities going back nearly a century. Since 1928, the…
Retail traders are piling into AST SpaceMobile stock after SpaceX outlined plans to compete directly with major U.S. wireless carriers through a “true mobile service.” ASTS stock has risen for four consecutive sessions, marking its longest winning streak since May, as sentiment on trading platforms shifts decisively bullish. SpaceX President and COO Gwynne Shotwell confirmed…
Upstart Holdings (UPST) shares jumped 13% in after-hours trading following a second-quarter earnings report that broadly exceeded analyst expectations. The AI-powered lending marketplace reported revenue of $364.71 million, topping the analyst consensus of $347.18 million and marking a 42% increase year-over-year. That compares to $257 million in revenue generated during the same quarter a year…