Andy/iStock via Getty Images Prime Medicine ( PRME ) added ~8% in the premarket on Wednesday after an arbitration tribunal sided with the gene editing company in connection with a previously disclosed dispute with its rival Beam Therapeutics ( BEAM ). The dispute arose after Beam ( BEAM ), in a case filed with the American Arbitration Association, alleged that Prime ( PRME ) breached a 2019 collab...
Andy/iStock via Getty Images Prime Medicine ( PRME ) added ~8% in the premarket on Wednesday after an arbitration tribunal sided with the gene editing company in connection with a previously disclosed dispute with its rival Beam Therapeutics ( BEAM ). The dispute arose after Beam ( BEAM ), in a case filed with the American Arbitration Association, alleged that Prime ( PRME ) breached a 2019 collaboration and license agreement by developing PM647, an investigational gene-editing drug. In a press release on Wednesday, the company said the tribunal determined that the treatment targeted at a genetic disorder called alpha-1 antitrypsin deficiency “is within Prime Medicine’s “Field” as defined by the agreement.” The tribunal added that the company is therefore not liable for any monetary damages, as it has not breached the agreement. “We are pleased with the Tribunal’s decision, which paves the way for PM647 to advance into the clinic and positions us to fully realize PM647’s potential for patients,” Prime ( PRME ) CEO Allan Reine said. More on Prime Medicine, Beam Therapeutics Beam Therapeutics: A Better Entry Point Is Likely Coming (Rating Downgrade) Prime Medicine's Prime Editing Is Worth The Risk Prime Medicine, Inc. (PRME) Presents at Goldman Sachs 47th Annual Global Healthcare Conference 2026 Transcript Most and least shorted mid- to mega-cap healthcare stocks at the end of June Most and least shorted mid- to mega-cap healthcare stocks at the end of May
Market strategist Ed Yardeni said the rupture in the ceasefire between the US and Iran risks sparking a fresh acceleration in price growth, which in turn could compel the Federal Reserve to raise interest rates. “Inflation concerns are back in play and as a result of that, the Fed is back in play,” Yardeni said Wednesday on Bloomberg Television’s Surveillance . “Not only has the Fed pivoted to tig...
Market strategist Ed Yardeni said the rupture in the ceasefire between the US and Iran risks sparking a fresh acceleration in price growth, which in turn could compel the Federal Reserve to raise interest rates. “Inflation concerns are back in play and as a result of that, the Fed is back in play,” Yardeni said Wednesday on Bloomberg Television’s Surveillance . “Not only has the Fed pivoted to tightening, but they may actually have to tighten.” The comments by the president and founder of Yardeni Research followed President Donald Trump’s warning that the tentative ceasefire with Iran may be over, raising the prospect of an end to peace negotiations and a potential renewal of fighting. Trump commented after the US launched a fresh wave of strikes against the Islamic Republic and revoked a waiver that allowed the sale of Iranian oil. Crude spiked higher, global stocks fell and US Treasuries hit session lows. Brent crude, the global benchmark, had recently erased its wartime gains as tanker traffic through the Strait of Hormuz picked up. But on Wednesday, prices surged past $79 a barrel in intraday trading , the highest level in more than two weeks as Iran also said that the US attacks and the block on oil sales had rendered last month’s interim peace deal “ineffective.” “This is a geopolitical crisis that just won’t go away, won’t end,” Yardeni said. “We’re back to square one, in some ways, back to where we were in March.” Yardeni said even as the US labor market seems stable, “all bets could be off here depending on what happens with the Middle East. The consumer has been doing just great,” he said. But risks remain “if we get another spike in gasoline prices.” Fed policymakers have generally sought to look past energy prices as transitory. Still, that pressure has squeezed consumers and contributed to the consumer price index climbing to a three-year high in May . Average gasoline prices were below $3 a gallon before the US and Israel launched their strikes against...
The conflict with Iran hasn’t hurt the U.S. and global economies as much as expected, but it will leave a lasting legacy: Another bout of high inflation that won’t disappear quickly.
The conflict with Iran hasn’t hurt the U.S. and global economies as much as expected, but it will leave a lasting legacy: Another bout of high inflation that won’t disappear quickly.
The apparent end to the Iran War cease-fire gives investors a good excuse to sell artificial-intelligence stocks, which surged over the first half of 2026.
The apparent end to the Iran War cease-fire gives investors a good excuse to sell artificial-intelligence stocks, which surged over the first half of 2026.
In July, the market is rewarding quality at almost any price, which makes the bargain bin worth a serious look. Three NYSE-listed names trade well under $1,000 a share, carry single-digit or low-double-digit forward multiples, and have catalysts the consensus has yet to fully price in. A theoretical $1,000 split across all three buys roughly ... 3 Absurdly Cheap Stocks to Buy With $1,000 in July
In July, the market is rewarding quality at almost any price, which makes the bargain bin worth a serious look. Three NYSE-listed names trade well under $1,000 a share, carry single-digit or low-double-digit forward multiples, and have catalysts the consensus has yet to fully price in. A theoretical $1,000 split across all three buys roughly ... 3 Absurdly Cheap Stocks to Buy With $1,000 in July
July update projects GDP growth of 1% this year, making UK the third fastest-growing economy in the G7 The International Monetary Fund (IMF) has upgraded its growth forecast for the UK, while leaving those for other G7 countries weaker or unchanged, amid hopes the economic impact of the Iran war may be less severe than feared. In a July update of its World Economic Outlook, which was finalised bef...
July update projects GDP growth of 1% this year, making UK the third fastest-growing economy in the G7 The International Monetary Fund (IMF) has upgraded its growth forecast for the UK, while leaving those for other G7 countries weaker or unchanged, amid hopes the economic impact of the Iran war may be less severe than feared. In a July update of its World Economic Outlook, which was finalised before the latest outbreak of hostilities in the Middle East , the Washington-based organisation projected UK gross domestic product to grow by 1% this year – up 0.2 percentage points from its April forecast . Continue reading...
Love them or hate them, the versatile sandal is back – just choose the right ones and wear them the Copenhagen way The flip-flop is an essential text of summer style. The Dalai Lama wears flip-flops. Surfers wear flip-flops. They are a beach classic, a staple of campsite shower blocks, non-negotiable after a pedicure. Like a pair of blue jeans or a cloth tote bag, they have a utility that transcen...
Love them or hate them, the versatile sandal is back – just choose the right ones and wear them the Copenhagen way The flip-flop is an essential text of summer style. The Dalai Lama wears flip-flops. Surfers wear flip-flops. They are a beach classic, a staple of campsite shower blocks, non-negotiable after a pedicure. Like a pair of blue jeans or a cloth tote bag, they have a utility that transcends fashion. But when flip-flops step out of their lane – when they become a fashion shoe, a public-facing shoe – rather than a shoe you leave by the back door – they raise hackles. Every single time we get a heatwave, a lively debate about whether flip-flops are acceptable in the office follows, without ever being resolved. When Jennifer Lawrence wore flip-flops under her Dior gown on the Cannes red carpet in 2023, there was an outcry over the perceived flouting of the film festival’s “elegant footwear” policy. Continue reading...
Beijing has urged the Netherlands to ensure fair treatment for Chinese companies and maintain stable chip supply chains during a visit by the Dutch trade minister, as the two sides navigate tech tensions with Washington while seeking a “clean break” from friction over Nexperia. “We hope the Dutch government will create a fair, impartial and predictable business environment for Chinese companies in...
Beijing has urged the Netherlands to ensure fair treatment for Chinese companies and maintain stable chip supply chains during a visit by the Dutch trade minister, as the two sides navigate tech tensions with Washington while seeking a “clean break” from friction over Nexperia. “We hope the Dutch government will create a fair, impartial and predictable business environment for Chinese companies investing in the Netherlands,” Commerce Minister Wang Wentao said during a meeting with his Dutch...
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . European leaders are walking a diplomatic tightrope as the NATO summit enters its final stretch, with the resurgence of the war in Iran overshadowing the gathering in Ankara. President Donald Trump declared that the Iran ceasefire is ...
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . European leaders are walking a diplomatic tightrope as the NATO summit enters its final stretch, with the resurgence of the war in Iran overshadowing the gathering in Ankara. President Donald Trump declared that the Iran ceasefire is “over” after the US targeted more than 80 Iranian sites overnight and revoked a waiver that allowed Iran to sell oil on global markets. Brent advanced 5% to around $78 a barrel, hitting the highest level in two weeks. NATO Secretary General Mark Rutte said the US strikes were “absolutely necessary” because Iran is violating the ceasefire with attacks on commercial vessels. In reality, however, NATO’s European members are wary of being dragged into the conflict in the Middle East despite Trump’s annoyance that European countries didn’t step in when the US attacked Iran. A plan by the UK and France to de-mine the Strait of Hormuz has also been dealt a setback by the escalation of hostilities. The strain in the transatlantic alliance was on full display today as Trump lashed out on a series of hot-button topics. Doubling down on US claims on Greenland, an autonomous territory that is part of Denmark, he declared that “Greenland is very important to the United States, but it’s not important to Denmark.” Responding to the comments, a European Commission spokesman said that questions about the future of Greenland “are for Greenlanders and Danes to decide,” adding that the EU stands in full solidarity with Denmark and the people of Greenland. Trump also took aim at European Union member Spain, describing the country as a “terrible partner in NATO.” “They don’t participate, they don’t pay, I don’t want anything to do with Spain. Cut off all trade with Spain, including visits,” he said. Madrid hit back, pointing out in a statement that the US actually runs a trade surplus with Spain...