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Amgen (NASDAQ: AMGN) saw its shares rise in premarket U.S. trading on Wednesday after the company clarified that its experimental obesity drug, MariTide, was not linked to any changes in bone mineral density. The stock had fallen more than 7% in the previous session, following a report from Cantor Fitzgerald

Amazon.com and IKEA, along with around three dozen other companies that rely on ocean freight, will open bidding in January, inviting shipping firms to compete for contracts to transport their cargo on vessels powered by near-zero emissions e-fuels like e-methanol. This collective, known as the Zero Emissions Maritime Buyers Alliance,

US stock futures slipped on Wednesday, as investors await crucial inflation data that could influence the Federal Reserve’s approach to its upcoming interest rate decision. Following a pause in the post-election rally, futures pointed to a lower open.  As of 03:42 ET (08:42 GMT), Dow futures were down by 117

Spotify released its third-quarter financial results on Tuesday, falling short of Wall Street expectations. However, the Swedish audio streaming leader’s enhanced profit margins, achieved through cost-cutting measures, garnered more attention. Shares of Spotify Technology SA increased by approximately 7% in premarket trading on Wednesday. For Q3, the company reported earnings

Preview of the Day in European and Global Markets by Kevin Buckland On Wednesday, the diverse market bets tied to incoming U.S. President Donald Trump’s anticipated policies—known as “Trump trades,” involving significant fiscal spending, tax cuts, and higher tariffs—paused, with traders refocusing on economic indicators. Since last week’s election, the

Japan’s Seven & i Holdings is considering a management buyout to take the company private in a deal potentially worth up to $58 billion, according to Bloomberg News on Wednesday. Meanwhile, the Nikkei newspaper reported that the 7-Eleven owner is exploring an MBO valued at over 6 trillion yen (approximately

On Tuesday, the U.S. dollar reached a four-month high as traders continued to prepare for the incoming Trump administration and a tighter Federal Reserve policy. As of 04:00 ET (09:00 GMT), the Dollar Index—which measures the dollar against a group of six major currencies—rose by 0.3% to 105.740, its highest

New bank lending in China declined more than anticipated in October compared to the previous month, undershooting analysts’ forecasts as efforts to stimulate the slowing economy failed to drive credit demand. Chinese banks issued 500 billion yuan ($69.51 billion) in new yuan loans in October, a significant drop from September

The euro fell to a 4.5-month low against the U.S. dollar as concerns grew among investors over potential U.S. tariffs, which could negatively impact the eurozone’s economy. The dollar approached levels not seen since the U.S. presidential election against other major currencies, with markets closely watching economic data and comments

Japanese tech investor SoftBank Group is anticipated to report a quarterly profit of 287 billion yen ($1.87 billion) on Tuesday, driven by successful IPOs within its portfolio and a stronger yen. Analysts are watching closely for signs of renewed investment momentum, supported by SoftBank’s strong balance sheet and management’s optimistic