Stock Market News·2025-10-20 20:08Defense Sector - General Dynamics has secured a €3.5 billion contract from the German Bundeswehr for the development and procurement of 274 reconnaissance vehicles, part of a larger €7 billion defense initiative to modernize Germany's military fleet, with deliveries expected to start in 2028 [2][9] - The overall defense package includes an additional €3.4 billion for 150 "Schakal" wheeled armored infantry fighting vehicles from Artec GmbH, with options to expand both orders [2][9] Pharmaceutical Sector - AbbVie announced positive topline results from its SELECT-SWITCH Phase 3b/4 study, showing that its arthritis drug Rinvoq (upadacitinib) is superior to Humira (adalimumab) in treating moderate to severe rheumatoid arthritis, with 43.3% of Rinvoq patients achieving low disease activity compared to 22.4% for Humira [3][9] Economic Outlook - The Bank of Canada reported subdued business confidence due to the impact of U.S. tariffs, with 33% of businesses and 64.1% of consumers anticipating a recession within the next year, which may lead to a potential interest rate cut [4][9] Artificial Intelligence Sector - AI startup Cohere, backed by Nvidia, is facilitating a secondary share sale for employees ahead of a potential IPO, recently valued at approximately $7 billion, with annualized revenue reported at $150 million [5][9] Technology Sector - Google is launching a "Trusted Tester" program for upcoming Pixel phones, selecting 15 "Superfans" to test unreleased devices and provide feedback, marking a shift in its pre-release strategy [6][9] Fiscal Policy - Brazil's Finance Minister stated that the government is on track to achieve the best fiscal result since 2015, attributing deficit reduction to efforts in cutting business subsidies [7][9]