Middle East Tensions Escalate as Iran Launches Missile Strike; Gilead Announces $1.6B Acquisition

Key TakeawaysGeopolitical risk spiked as Iran launched a new wave of missiles at Israel, prompting Kuwaiti air defenses to activate and sending S&P 500 and Nasdaq futures down 0.1% in early trade.Gilead Sciences (GILD) announced a definitive agreement to acquire Ouro Medicines for $1.675 billion in upfront cash, targeting first-in-class T cell engager programs for autoimmune diseases.Australia’s economy signaled a sharp downturn as the Flash Composite PMI plunged into contraction at 47.0, while weekly consu ...