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Oil Steady Amid Stockpile Report, Amid Supply Uncertainty

Oil steadies after industry report signals another build in US crude stockpiles amidst lingering global supply concerns.

Pharmaceutical Companies and PBMs Wage Battle in Washington

CVS Health (CVS) and other PBMs defend their role as drug cost managers amid scrutiny over rebate strategies and patient choices. As new low-cost options emerge, the industry faces challenges from Walmart, GoodRx, and telehealth partnerships.

US Futures Down as Fed Minutes Suggest Pause in Rate Cuts

US future markets dip as Fed minutes suggest rate cuts unlikely; Walmart earnings due Thursday

Short Sellers Lose $73 Billion as Stocks Surge

Short sellers lost $73 billion in 2025 as the stock market rallied, with Super Micro Computer, Hims & Hers, Oklo, and BigBear.ai experiencing significant gains due to short squeezes

Fortescue Profit Plunges 53% as Iron Ore Demand Weakens

Fortescue's profit plunges 53% on weak iron ore demand from China; dividend halved; Iron Bridge project update.

Short Sellers Suffer $73 Billion Losses as Stocks Surge

Short sellers lost $73 billion in 2025 due to the rally in the market, with Super Micro Computer, Hims & Hers Health, Oklo, and BigBear.ai experiencing significant short squeezes.

Musk's Government Efficiency Commission Cuts Federal Budget by Billions

Elon Musk's government efficiency commission releases list of cost-cutting measures, including billions in contract cancellations and real estate sales.

CVS, PBM Battle Heats Up in Washington as Industry Scrutiny Intensifies

Pharmaceutical companies and pharmacy benefit managers are facing off in Washington, with PBMs defending their value amid scrutiny over their rebate strategy. PBMs aim to lower drug costs, but rebates have been linked to higher list prices and out-of-pocket expenses. Alternative models like Walmart's $4 generics and Cost Plus Drugs offer low-cost options, but PBMs argue they remain essential for health insurance companies.

Icon PLC Q4 Earnings Beat Estimates

Icon PLC reports Q4 net income of $260 million, beating expectations with EPS of $3.43. For the year, the company reports an EPS of $9.53 and revenue of $8.28 billion. Icon PLC expects full-year earnings in the range of $13 to $15 per share, with revenue in the range of $8.05 billion to $8.65 billion.

Clearwater Analytics Beats Wall Street Q4 Earnings Estimates

Clearwater Analytics Reports Q4 Earnings Beat, Revenue Above Estimates