News
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Stocks
Apogee Therapeutics falls after eczema drug shows lower response rate than rival treatments
** Shares of drug developer Apogee Therapeutics APGE.O fall 17.9% to $38.97 ** On a scoring system called IGA0/1, which assesses the severity of the disease, company's experimental drug showed a 34.9% response rate ** This compared to 38% seen with Eli Lilly's LLY.N Ebglyss and 37% from Sano...Reuters
Mon, Jul 7
Cryptocurrencies
SEC has until October 10 to approve or deny altcoin ETFs
The US Securities and Exchange Commission (SEC) is pushing toward altcoin exchange-traded funds, especially for Solana. In a clear sign of its evolving stance, the SEC has asked issuers to amend and refile their S‑1 applications for spot SOL ETFs by the end of July. This deadline aligns with a faster, more structured approval process. The […]Cryptopolitan
Mon, Jul 7
Commodities
CANADA RESEARCH ROUNDUP-Arc Resources, Strathcona Resources, Trican Well Service
July 7 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Arc Resources, Strathcona Resources and Trican Well Service on Monday.HIGHLIGHTS * Arc Resources Ltd ARX.TO: CIBC raises target price to C$36 from C$33* Strathcona Resources Ltd SC...Reuters
Mon, Jul 7
Other
BRICS tariff to be applied only if they adopt policies deemed 'anti-American', source says
Tariff to be charged if 'policy decisions' made, source saysTrump announce new 10% tariff on Sunday eveningBRICS countries deny anti-American orientationBy Andrea Shalal WASHINGTON, July 7 (Reuters) - The Trump administration will not immediately impose a new 10% tariff against members of...Reuters
Mon, Jul 7
Stocks
U.S. STOCKS ON THE MOVE-Dow, Phibro, Mustang Bio
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's major indexes slipped on Monday as heightened tariff tensions dampened risk sentiment, while Tesla shares slid after CEO Elon Musk announced plans to launch a political par...Reuters
Mon, Jul 7
Other
U.S. Justice Dept: Stantec to pay $4mln to resolve allegations it falsified EPA grant applications
July 7 (Reuters) - U.S. JUSTICE DEPARTMENT SAYS STANTEC INC. AGREES TO PAY $4M TO RESOLVE ALLEGATIONS THAT IT VIOLATED THE FALSE CLAIMS ACT BY SUBMITTING FALSE CERTIFICATIONS TO THE EPA IN GRANT APPLICATIONSSource text: https://tinyurl.com/2fe2x3k9Reuters
Mon, Jul 7
Stocks
GLOBAL MARKETS-Stocks fall, dollar up as Trump plans 25% tariffs on Japan, South Korea
US flags August 1 as tariff deadline for some countriesLonger-dated Treasuries upTesla shares fall on Musk's political ambitionBy Caroline Valetkevitch NEW YORK, July 7 (Reuters) - Major stock indexes declined while the dollar strengthened against major currencies on Monday as President Donal...Reuters
Mon, Jul 7
Other
Motor racing-Ben Sulayem says F1 could have V8 engines as soon as 2029
By Alan Baldwin July 7 (Reuters) - Formula One could go back to using noisy V8 engines with fully sustainable fuel by 2029 at the earliest, according to FIA president Mohammed Ben Sulayem.The sport is entering a new engine era next season but the head of the governing body suggested last February...Reuters
Mon, Jul 7
Cryptocurrencies
OPEC increases supply as Trump delays tariffs
Oil prices moved back over $67 a barrel after Saudi Arabia unexpectedly raised prices for its Arab Light crude sold to buyers in Asia, according to Bloomberg. The hike adds $1 per barrel, bringing the premium to $2.20 above the benchmark starting in August. The change came straight from Aramco, Saudi Arabia’s state oil firm […]Cryptopolitan
Mon, Jul 7
Cryptocurrencies
3 Top Meme Coins to Buy Before July Ends: Pepeto, SHIB, or PEPE?
As the cryptocurrency market continues to witness more surprises, like the introduction of the first-ever Solana Exchange-Traded Fund (ETF), many memecoins have started picking up, assuming a positive trend, as investors carefully observe. Coins like the TOKEN6900 (T6900) and BTC Bull Token (BTCBULL) have recently made noticeable movements, piquing the interest of most market observers. […]Cryptopolitan
Mon, Jul 7
Stocks
Progressive falls after Morgan Stanley cuts to 'equal weight'
** Auto insurer Progressive's PGR.N shares down 2.9% at $254.07** Morgan Stanley downgrades PGR to "equal weight" from "overweight" rating, citing intensifying industry competition and potential pressure on Progressive's valuation** "Progressive is the best-in-class auto ...Reuters
Mon, Jul 7
Forex
EUR/USD declines after Trump targets Japan and South Korea with new tariffs
The Euro (EUR) remains under pressure on Monday, after briefly dipping below the 1.1700 mark against the US Dollar (USD), following the publication of official tariff letters by US President Donald Trump on Truth Social.
Fxstreet
Mon, Jul 7
Other
Tennis-Teenager Andreeva sets up Wimbledon quarter-final clash with Bencic
By Christian RadnedgeLONDON, July 7 (Reuters) - Russian seventh seed Mirra Andreeva powered her way into her first Wimbledon quarter-final with a 6-2 6-3 win over American 10th seed Emma Navarro on Monday, becoming the youngest player in the last eight of the women's singles since 2005. The 18-y...Reuters
Mon, Jul 7
Other
White House: 12 other countries to receive trade letters
WASHINGTON, July 7 (Reuters) - Twelve other countries will receive trade letters which will be posted on President Donald Trump's Truth Social platform, White House press secretary Karoline Leavitt told reporters on Monday.Leavitt said Trump will also sign an executive order later in the day for...Reuters
Mon, Jul 7
Other
Tech industry lawyer Neel Chatterjee leaves law firm Goodwin for King & Spalding
By Sara Merken July 7 (Reuters) - Neel Chatterjee, a technology lawyer whose clients have included Facebook, Oracle and LinkedIn, has left law firm Goodwin Procter to join rival King & Spalding, his new firm said on Monday. Chatterjee, a Silicon Valley-based partner who helped organize...Reuters
Mon, Jul 7
Commodities
Sacked Russian transport minister found dead in his car with gunshot wound
Investigators say Starovoit likely took his own lifeStarovoit had held transport brief for barely a yearHe previously ran the Kursk region next to Ukraine His successor there was embroiled in a corruption caseUkrainian troops seized part of Kursk for months By Gleb Stolyarov and Andrew Osborn Jul...Reuters
Mon, Jul 7
Other
Brazil's Lula calls Trump's BRICS tariff threat "irresponsible"
RIO DE JANEIRO, July 7 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Monday it was "irresponsible" for U.S. President Donald Trump to threaten countries with tariffs while on social media, adding that other nations have the right to reciprocate.Answering questions from jo...Reuters
Mon, Jul 7
Other
Tennis-Shelton gets one up on dad as he battles to Wimbledon quarter-finals
By Mitch PhillipsLONDON, July 7 - American 10th seed Ben Shelton reached the Wimbledon quarter-finals for the first time on Monday when a 3-6 6-1 7-6 (1) 7-5 victory over Italian Lorenzo Sonego also gave him the family bragging rights.Thirty-one years ago Shelton’s father and current coach Bryan los...Reuters
Mon, Jul 7
Other
US Treasury says 13-week, 26-week bill auctions to close at 1430 ET
NEW YORK, July 7 (Reuters) - The U.S. Treasury said on Monday the competitive portions of the 13-week and 26-week bill auctions will close at 1430 ET/1830 GMT following a technical issue earlier in the session.The competitive results for the $82-billion 13-week and the $73-billion sale in 26-week bi...Reuters
Mon, Jul 7
