Jensen Huang, CEO of Nvidia, is seen on stage next to a small robot during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025.Nvidia CEO Jensen Huang said that, other than artificial intelligence, robotics represents the chipmaker's biggest market for potential growth, and that self-driving cars would be the first major commercial application for the technology."We have many growth opportunities across our company, wit ...

Core Insights - The competition in the weight loss drug market is intensifying, with companies presenting new data on treatments at the American Diabetes Association conference, indicating a potential market value exceeding $150 billion annually by the end of the decade [2][3]. Eli Lilly - Eli Lilly's experimental pill, orforglipron, demonstrated a 7.6% weight loss in Type 2 diabetes patients over 40 weeks without serious side effects, with plans to launch the pill next year [3][4]. - The company is also developing bimagrumab, which aims to preserve lean muscle mass while enhancing fat loss in patients using existing treatments like Wegovy [4][5]. - Another experimental drug, eloralintide, showed promise in weight loss with minimal side effects, mimicking the hormone amylin to promote satiety [6]. Novo Nordisk - Novo Nordisk is working to catch up with Eli Lilly, having released full results from late-stage trials of its weekly injection, CagriSema, which showed significant weight loss despite initial concerns about efficacy [7][10]. - CagriSema combines cagrilintide and semaglutide, maintaining a safety profile similar to Wegovy while delivering more weight loss [10][11]. - The company is also advancing amycretin, which helped patients lose up to 24.3% of their weight after 36 weeks, with plans for both injectable and oral versions [11]. Amgen - Amgen is strategizing to enter the weight loss market with its experimental drug MariTide, which has shown significant weight loss but also high side effect rates in trials [12][13]. - The company is implementing a lower starting dose and gradual dose escalation strategy to improve patient tolerance and reduce side effects [14][15]. - Analysts believe that Amgen's approach may yield better-than-expected phase three trial results, potentially enhancing efficacy if patients remain on the drug [18].

Group 1 - BlackRock's Rick Rieder believes that the stock market, currently near all-time highs, can continue to rise in the second half of 2025 due to decreasing inflation driven by artificial intelligence [1] - Rieder anticipates that productivity gains from artificial intelligence will counterbalance any inflationary impacts from tariffs, viewing tariffs as a one-time adjustment rather than a persistent issue for the U.S. economy [2] - The U.S. economy is expected to avoid recession, as its growth is primarily driven by services rather than goods, which are more cyclical [2] Group 2 - Rieder's remarks come as the S&P 500 is trading less than 1% below its record high from February, despite facing macroeconomic challenges such as geopolitical tensions and higher tariffs [3] - The market is expected to overcome these challenges, according to Rieder, who maintains a positive outlook on stock performance [3]

Jensen Huang, CEO of Nvidia, holds a motherboard as he speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025.Nvidia shares rose nearly 3% on Wednesday and headed for a record close for the first time since January, as investors gain confidence that the company's leadership in artificial intelligence won't be dampened by Chinese export controls.The stock rose as high as $153.13 during the day, matching its pr ...

New York mayoral candidate, State Rep. Zohran Mamdani (D-NY) speaks to supporters during an election night gathering at The Greats of Craft LIC on June 24, 2025 in the Long Island City neighborhood of the Queens borough in New York City.Mamdani, who is now the likely favorite to win the general election in November, promised to freeze rent increases in stabilized units during his campaign. The New York City mayor has the power to appoint representatives to the regulatory board that oversees rent-controlled ...

Core Viewpoint - BP shares experienced a significant increase due to reports of early-stage acquisition talks with Shell, although a deal remains uncertain and discussions are progressing slowly [1][2]. Group 1: Company Developments - BP shares rose approximately 7% following the news of potential acquisition discussions with Shell [2]. - The current market valuation of BP is nearly $85 billion, indicating its substantial size within the oil industry [2]. Group 2: Industry Context - The ongoing talks between BP and Shell highlight the competitive landscape in the oil sector, where major players are exploring consolidation opportunities [1].

Sales of new single-family homes dropped 13.7% in May compared with April to 623,000 units on a seasonally-adjusted, annualized basis, according to the U.S. Census. That sales total was 6.3% lower than May 2024 and well below both the 6-month average of 671,000 and the one-year average of 676,000. It also lags the pre-pandemic average in 2019 of 685,000 units sold. Wall Street analysts were expecting May new home sales of 695,000, according to estimates from Dow Jones. This count is based on signed contract ...

Core Viewpoint - AeroVironment's stock surged over 20% following the release of its fourth-quarter financial results, which exceeded analyst expectations on both revenue and earnings [1][4]. Financial Performance - The company achieved record fiscal year revenue of $820.6 million, representing a 14% increase compared to the previous period [1]. - For the fourth quarter, AeroVironment reported a net income of $16.66 million, or 59 cents per share, a significant rise from $6.05 million, or 22 cents per share, in the same quarter last year [2]. - Adjusted earnings per share were reported at $1.61, surpassing the expected $1.39 per share [4]. - Revenue for the fourth quarter was $275 million, exceeding the anticipated $242 million [4].

DANA POINT, CALIFORNIA - SEPTEMBER 27: Whitney Wolfe Herd, Founder & CEO, Bumble speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. (Photo by Jerod Harris/Getty Images for Vox Media)Bumble shares rallied more than 15% Wednesday after the dating app company revealed in a securities filing that it intends to slash 30% of its workforce, or about 240 roles.The layoffs will result in $13 million to $18 million in charges for ...

Ring security cameras are displayed on a shelf at a Target store on June 01, 2023 in Novato, California.Amazon's Ring video doorbell division is rolling out AI-generated notifications alerting users to unusual or suspicious activity around their home, the company said Wednesday.The tool uses artificial intelligence to generate text summaries of motion activity captured by Ring doorbells and cameras, which are then displayed as a phone notification. The summaries describe only the main subject that triggered ...