Employers have grappled with soaring demand for GLP-1 drugs such as Ozempic and Wegovy, which can cost thousands of dollars per patient annually.
Situational Awareness hedge fund meltdown was a warning shot for leveraged markets, BofA CEO says
Bank of America was among the prime brokers for the hedge fund, which is run by Leopold Aschenbrenner.
Private companies added just 44,000 workers in July, below expectations, ADP reports
Hiring at private companies slowed considerably in July, with most of the job growth coming health care.
Stocks making the biggest moves premarket: SpaceX, AMD, Eli Lilly, Disney & more
These are the stocks posting the largest moves premarket.
Ken Griffin’s Citadel posts best month in years after scooping up Situational Awareness stocks
The July gains came after Citadel acquired the bulk of the public-stock portfolio formerly held by Situational Awareness late last month.
Europe is blowing up riverbeds as an extreme drought wreaks havoc on its economy
Severe drought is disrupting energy and freight across Europe as low Rhine and Danube levels raise risks for supply chains and economic growth.
Stocks making the biggest moves after the bell: SpaceX, AMD, Pinterest, Arista Networks, Wynn Resorts & more
These are the stocks posting the largest moves after the bell.
Michael Burry bets against rally: ‘We are near a major top, and possible a 1987-type fall’
“I continue to believe it is possible we are near a major top, and possible a 1987-type fall,” Burry said in a Tuesday Substack post.
Polymarket in talks for fundraising round at more than $20 billion valuation
The reports come after the company told CNBC in June that its annualized revenue was well above $1 billion.
Philadelphia Fed President Paulson content with rates at current level, but keeping an open mind
Paulson said voting with the majority last week wasn’t a tough decision.