Amgen’s stock drops as its weight-loss drug faces scrutiny over severe digestive side effects. Despite early promise in the competitive obesity market, concerns about safety and delays loom. The company vows to address issues, while investors remain cautious about the drug’s future.
Tesla’s stock soared 8% after launching its robotaxi service, marking a milestone in autonomous driving. Investors are monitoring key price levels for volatility, while the service promises to reshape urban transport. Challenges remain, but Tesla’s bold move signals a transformative era.
Italy’s Monte dei Paschi share sale, managed by a small local bank, faces EU scrutiny after global investors like UniCredit and BlackRock were excluded. The controversy raises questions about transparency and fairness in Italy’s financial markets.
Home sales in May hit a 16-year low despite a 20% increase in available properties. High mortgage rates and economic uncertainty keep buyers on the sidelines, creating a stagnant market. Experts warn of prolonged challenges unless borrowing costs ease or consumer confidence improves.
A struggling EV semiconductor company filed for bankruptcy on June 23, 2025, highlighting the challenges of the electric vehicle industry. Facing rising costs and fierce competition, its collapse raises concerns about the sustainability of niche players in the EV supply chain.
This week, Tesla, Hims & Hers, Wolfspeed, Super Micro, Fiserv, Northrop Grumman, and Northern Trust are driving market buzz with innovation and growth. From electric vehicles to telehealth and defense tech, these companies reflect dynamic business trends amid economic challenges.
The US House of Representatives has banned WhatsApp on government devices due to security risks, as per an internal memo. This move raises concerns about data privacy and could influence other organizations to rethink their reliance on the Meta-owned app.
Compass has sued Zillow over privately marketed listings, escalating a long-standing real estate dispute. The lawsuit raises concerns about competition and transparency in the industry, with potential implications for how homes are bought and sold online. This legal battle could reshape the future of digital real estate platforms.
The founder of FedEx, who transformed global shipping with overnight delivery, has passed away at 80. From Memphis, his innovative hub-and-spoke model redefined logistics, inspiring entrepreneurs and powering commerce. His legacy lives on in every package delivered.
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