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Market Close: Stocks Rally, Oil Falls, SpaceX Results Mixed • 8/4/26
CNBC Television· 2026-08-04 20:57
I'm Jessica Edinger, CNBC. Wall Street will open Wednesday morning after a record setting rally on Tuesday on strong earnings reports and hope that the straight of hormuz will be open to oil tankers shortly. The Dow fresh record high 54,085.It was up 97 points on Tuesday, 1.7%. Cisco shares led the Dow higher. They were up 5%.The S&P 500 index adding 136 points, 1.7%. The Nasdaq soared up 671 points. That was 2 and a.5%.Most of the chip makers were higher. Intel shares were up almost 11%. The Dow and the S& ...
Novo Nordisk shares slide after guidance disappoints investors
CNBC Television· 2026-08-04 18:00
Hey, Kelly. So, yeah, Novo is now out with results earlier than expected. It was slated to report overnight just ahead of results from Eli Liy, but we now have Novo's full earnings release.So, Novo is raising its fullear guidance on both the top and bottom lines, not comparable to estimates due to being in constant currency, but the company is citing increased expectations for GLP1 product sales as the reason for the improved outlook. But Novo said it's expecting a sales decline within its US operations, wh ...
Josh Brown's "Best Stocks in the Market": Biotech
CNBC Television· 2026-08-04 17:15
Best stocks in the market according to Josh Brown. Today spotlight >> shines on two biotechs. Tell us which ones.>> Yeah. Yeah. So uh we we p we published this uh yesterday and we wanted to do something that had nothing to do with data centers and GPUs and just take a break from that whole AI capex world that we've been living in for so long.Um, and we wanted to talk about stocks that are working away from that. And, uh, Insight is the first one we'll talk about. Not only is this name on the best stocks in ...
X @Bloomberg
Bloomberg· 2026-08-04 14:50
Wall Street’s appetite for weight-loss drug stocks over the past four years has powered Eli Lilly to consistently trade above $1,000 per share. Now, some see the pharma giant’s stock as primed for a split. https://t.co/mULsEpYYXs ...
Chai Discovery's Bitter Lesson: Drug Design Is Another Scaling Problem
Sequoia Capital· 2026-08-04 12:00
One of our big guiding principles is just simplicity. Um, so like when you look at a model like let's say chai 1, I think there are 23 distinct subm modules in chai 1. Um, and like when you're trying to iterate on something like that, it gets really hard because you're like I kind of I need to understand each of these subm modules independently. I need to understand all of their behaviors, their dynamics, and like that doesn't actually scale that well.Um, so like you can start to think, okay, how do I simpl ...