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CVS Rallies 15% as CEO's Conservatism Wins Wall Street Over

CVS shares soared nearly 15% after the company reported a beat on earnings and CEO David Joyner defended the company's pharmacy benefit manager unit.

Pre-Market Brief: Stock Futures Edge Higher Despite Disappointing Inflation Data

US stock futures nudged higher as investors await key inflation data and earnings reports from AirBnB, Roku, and Coinbase. Asian markets rose on optimism surrounding US-Russia peace talks and AI hype.

European Stocks Rise as Talks Boost Optimism, While Unilever Declines

European stocks initially gained on optimism that US-Russia talks could end the Ukraine conflict. However, Unilever and Barclays Plc's weakness capped the overall rise in the Stoxx 600 index. Nestle and Siemens rallied, while oil prices fell due to easing risks to Russian supply.

HBX Shares Tumble on Market Debut, Losing €236 Million

Shares in Spanish travel technology company HBX Group fell 8.3% on their market debut, erasing €236 million in value.

SEBI seeks powers to remove unauthorized financial advice from social media, access call records

India's SEBI seeks powers to remove unauthorized financial advice and access call records from social media platforms to investigate market violations.

CVS CEO Sticks to Conservative Stance, Impressing Wall Street

CVS CEO's conservative outlook boosts stock 15%, defends pharmacy benefit manager amid scrutiny

Apple's iPhone SE: cautious optimism amidst AI partnership with Alibaba

Apple reportedly plans to launch the new iPhone SE next week and partner with Alibaba to roll out Apple Intelligence in China, despite skepticism from some analysts who question the impact of the AI offering and the potential challenges in the Chinese market.

Egg Prices Are Soaring, but Grocers Are Keeping Them Low

Egg prices have reached a record high, driven by an avian flu outbreak. Despite this, grocery stores are keeping prices lower than wholesale costs, using eggs as loss leaders and loyalty rewards to attract customers and avoid empty shelves. However, with demand remaining strong and prices expected to increase further, the effectiveness of these strategies is uncertain.

NIH Funding Cuts: Experts Warn of 'Cascading Effect' and Brain Drain

Political uproar, legal battles, and market turmoil ensue as the Trump administration slashes NIH funding, threatening drug research and alarming scientists and academics, leading to warnings of mass layoffs and reduced biomedical research.

US Futures Rise Despite Hot Inflation, Asian Shares Up on Peace Talks Optimism

US stock futures edged higher despite a hotter-than-expected inflation report, with Nasdaq futures up 0.4% and Dow Jones futures up 0.1%. Wall Street will get another inflation update with the release of the PPI on Thursday.