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07.10.26 - 07:30
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S&P 500 and Nasdaq surge to record highs after AI chipmaker rally (The Guardian)
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S&P tops 7,800 for first time in history as investors optimistic despite signs of instability in US economyThe S&P 500 and Nasdaq closed at a record high after a rally around AI chipmakers and a dip in US treasury yields.At market's close, the S&P 500 was up 0.58%, topping 7,800 for the first time in its history. The tech-heavy Nasdaq index rose 0.45%, while the Dow, which is slightly down from its record high in August, climbed 0.49%. Continue reading......
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07.10.26 - 06:24
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US firm ArriVent′s plunge shows risks facing China′s biotech expansion into global markets (SCMP)
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US firm ArriVent BioPharma's shares plummeted after a late-stage trial failure involving a cancer drug licensed from China, a setback that analysts said highlighted the challenges facing Chinese biotech companies expanding overseas.
New York-listed ArriVent closed down nearly 47 per cent on Tuesday after reporting that its cancer treatment firmonertinib failed to meet its main goal in a phase 3 trial.
Firmonertinib was originally developed by Shanghai Allist Pharmaceuticals to treat non-small......
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