Author: Editor-In-Chief
shares of Abibax The company closed 43.6% lower on Tuesday after releasing new data on its flagship asset, a drug to treat ulcerative colitis, wiping out billions of dollars in market capitalization and raising questions about how a potential acquisition of the French biotech company would play out.Although the drug met its endpoints of clinically meaningful efficacy and a placebo-adjusted remission rate of approximately 40% at both doses tested, it also showed that there were cancer cases among patients who took the higher doses.”Cancer signs complicate matters,” Jefferies analysts said. “We believe the overhang is real, even if it is…
CNBC’s Jim Cramer on Tuesday offered investors a handful of battered stocks that he believes have the potential to outperform if artificial intelligence trading starts to cool down. “These stocks are going to start going up once technology recedes,” the “Mad Money” host said. “When the time comes and the tech stocks run out of steam, you’ll wish you had these stocks.”Comments follow Nvidia CEO Jensen Huang’s keynote speech at Computex fueled a new rally in data center and AI stocks. But Kramer said some software names are showing signs of fatigue, along with a looming flood of inventory supply…
U.S. Sen. Bill Cassidy (R-Louisiana) speaks in lieu of testimony from U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. during a Senate Finance Committee hearing on President Donald Trump’s 2026 health care policy at the Capitol in Washington, DC, on September 4, 2025. Evelyn HochsteinReuterOutgoing Republican Sen. Bill Cassidy said in an interview Tuesday on CNBC’s CEO Council Summit that Federal Housing Finance Agency Director Bill Pruitt does not appear to have the “competence” to serve as acting director of national intelligence. Cassidy, who recently missed out on a runoff in the Louisiana Republican primary after President…
Published June 2, 2026June 2, 2026US President Donald Trump’s administration is abandoning about $1.8 billion in “anti-weaponization” funds following widespread political backlash and legal setbacks.Acting Attorney General Todd Blanche appeared before the House Appropriations Committee on Tuesday and confirmed the change in policy.Recommended stories list of 3 itemsend of list”We are not moving forward with the plan for the fund,” Blanche told lawmakers after receiving a rare and fierce backlash from Trump’s fellow Republicans. “period.”The blunt declaration was an unusual U-turn for the Justice Department, which had just two weeks earlier announced the fund as a settlement of a personal…
Director Martin Scorsese has signed on as a partner and advisor to AI image generation startup Black Forest Labs, The New York Times reported on Tuesday. It should be noted that one of the world’s most famous living directors uses this technology solely for storyboarding. “For 70 years, I’ve been creating my own storyboards,” he said in a statement to the Times. He said the tool allows him to communicate his vision to cinematographers and production designers more quickly and efficiently. Black Forest Labs is a 70-person organization headquartered not in San Francisco but in Freiburg, Germany, the closest major…
Israel. Army garrison on the border with southern Lebanon.mark hannafordTreasury yields fell on Tuesday as traders continued to monitor the latest developments between Iran and the United States.The yield on the 10-year Treasury note, a key measure of U.S. government borrowing, fell more than 2 basis points to 4.453%.The two-year Treasury yield, which is more closely tied to the Federal Reserve’s short-term interest rate policy, fell less than 1 basis point to 4.045%. The yield on 30-year government bonds fell more than 2 basis points to 4.964%. One basis point equals 0.01%, and yields and prices move in opposite directions.The…
Alphabet bulls fought a downtape all day Tuesday, with the company’s plan to sell large amounts of stock to fund its artificial intelligence buildout semi-full. The cloud and search giant late Monday announced plans to raise $80 billion through a stock offering, including a $10 billion investment from Berkshire Hathaway. This is the latest step in aggressive efforts by major technology companies to secure future funding for AI infrastructure. Alphabet said it intends to use the proceeds for “capex to expand our AI infrastructure and global computing.” Selling stock to raise investment capital has traditionally been frowned upon because it…
In January 2024, the publication Axios reported that then-US President Joe Biden was “running out of patience” with Israeli Prime Minister Benjamin Netanyahu.Israel’s genocidal war against Gaza had been raging for months by that point, and Biden was facing public backlash over U.S. support for the conflict.Recommended stories list of 3 itemsend of listThe attacks will continue for the remainder of Biden’s term and will extend into the first 10 months of Donald Trump’s second term as president.Since then, the media has continued to anonymously report on the rift and “frustrating” phone calls between President Trump and the Israeli Prime…
AI researchers and labs have made significant advances in evaluating AI models for everything from safety and compliance to sycophantism and cooperativeness. However, companies and developers appear to be facing new and specific needs to ensure that their AI systems work as intended for their specific products and services. To simplify its testing process, Microsoft on Tuesday completely lifted ASSERT, which stands for Adaptive Spec-driven Scoring for Assessment and Regression Testing. According to Microsoft, this open-source framework uses AI to transform high-level natural language descriptions of goals, policies, or intended behavior into thorough, explorable, scored tests, making it easier to…
Shoppers may be feeling depressed about soaring prices, but they’re still shelling out big bucks for new bras and underwear. victoria’s secret. The lingerie retailer on Tuesday raised its full-year outlook after beating first-quarter revenue expectations, citing lower customs costs and more customers buying products at full price. Victoria’s Secret stock ended up 47%. “We had very consistent double-digit (sales) growth across Victoria’s Secret, Pink, beauty channels, digital, in-store and internationally, all performing very well,” CEO Hilary Super said in an interview with CNBC. “Supercharging bras is one of our most important initiatives, where we’re seeing double-digit (like-for-like sales growth).…