H.C. Wainwright told investors in a research note that the clinical hold on key Elevidys trials in Europe heightens the uncertainty around the future of the franchise.
Truist pointed to expectations of lower interest rates, slowing economic growth, and rising loan-loss provisions as key downside risks for the banking sector following President Trump’s sweeping trade tariffs announced earlier this week.
China’s tariffs target a broad swath of U.S. goods and came alongside other punitive measures, including an expanded “unreliable entities list” and an antitrust investigation into DuPont.
Cliff Asness, Chief Investment Officer at AQR Capital Management, criticized proponents of tariffs Thursday, challenging claims that tariffs lead to deflation rather than inflation.
Nvidia slid 6%, pressured by market-wide tariff concerns, though HSBC analyst Frank Lee’s downgrade to ‘Hold’ from ‘Buy’, driven by fears of slowing growth rather than tariffs, added to the sell-off.
President Donald Trump's sweeping new trade tariffs sent shockwaves through global markets on Thursday, triggering a massive sell-off that echoed the COVID-19 pandemic-era routs, as investor risk appetite vanished in a flash.
Oracle is expanding its AI infrastructure, but JPMorgan analyst Mark R. Murphy remains cautious due to potential oversupply. Oracle's data center push is promising, but it faces hurdles in keeping up with hyperscalers like Amazon and Boeing.
JPMorgan analysts say investor confidence is shifting away from Bitcoin (CRYPTO: BTC) toward gold, as the precious metal gains momentum as the preferred inflation hedge
According to TheFly, JPMorgan stated that the hefty 20% tariff imposed on the European Union "represents the most significant incremental shock to the global outlook."
