Investing.com -- Shares of Bluebird bio Inc (NASDAQ:BLUE) tumbled 8% in premarket trading today following the company’s confirmation that Ayrmid, Ltd. has not delivered a binding offer or secured the necessary financing for a potential acquisition. The biotechnology firm’s board has reiterated its recommendation for shareholders to support the existing transaction with Carlyle and SK Capital ...
By Arsheeya Bajwa and Aditya Soni(Reuters) -Global chip stocks were battered on Wednesday on fresh evidence of how U.S. President Donald Trump’s shifting trade policy was complicating the outlook for semiconductor and computing giants, including AI pioneer Nvidia (NASDAQ:NVDA) and its rival AMD.Attempts to reorient global trade through tariffs and export curbs have started to show the effect as ...
Investing.com -- JP Morgan downgraded U.S. Steel to “Neutral” from “Overweight” and cut its price target to $38 from $43, citing softening demand outlook, potential auto-related tariff risks, and uncertainty around the pending takeover by Japan’s Nippon Steel.The firm said it expects construction demand to face pressure, while auto and appliance demand remain stable near term. Howev ...
On Wednesday, the World Trade Organization (WTO) announced a significant revision of its global merchandise trade forecast, projecting a downturn of 0.2% for the current year. This marks a stark contrast to the 3.0% growth anticipated in October. The revised forecast is based on the current trade measures as of the start of this week.The WTO attributed the downward revision to the potential reintr ...