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US appeals court sides with Moderna on COVID patent claims
By Blake Brittain June 4 (Reuters) - Moderna MRNA.O convinced a U.S. appeals court on Wednesday to uphold a ruling that undercut patent infringement claims by biotech company Alnylam Pharmaceuticals ALNY.O over Moderna's blockbuster COVID-19 vaccine Spikevax.The U.S. Court of Appeals for the ...Reuters
Wed, Jun 4
Other
Ukraine's Zelenskiy suggests truce until meeting with Putin can be arranged
KYIV, June 4 (Reuters) - Ukrainian President Volodymyr Zelenskiy on Wednesday proposed implementing a ceasefire until a meeting can be arranged with Russian President Vladimir Putin."My proposal, which I believe our partners can support, is that we agree a ceasefire with the Russians until t...Reuters
Wed, Jun 4
Other
LinkedIn CEO to take over Office, more AI duties in Microsoft executive shuffle
By Stephen NellisSAN FRANCISCO, June 4 (Reuters) - The CEO of LinkedIn will take additional responsibility for Microsoft's Office products, while an executive responsible for one of the company's leading business-to-business artificial intelligence products will start reporting to head of th...Reuters
Wed, Jun 4
Other
Tiernan leads tributes to Lloyd's Ireland representative
By Scott VincentJune 4 - (The Insurer) - Lloyd's CEO Patrick Tiernan has led tributes to Eamonn Egan, the Corporation's country manager and general representative for Ireland, who died on Monday. Egan had worked for Lloyd's since 2008, having previously served as regional development man...Reuters
Wed, Jun 4
Stocks
UBS upgrades Snowflake to "buy" on AI-driven data investment cycle
** Brokerage UBS upgrades cloud firm Snowflake SNOW.N to "buy" from "neutral", raises PT to $265 from $210** New PT represents a ~21% upside to the stock's last close** Brokerage sees upside to SNOW stock, citing a clear uptick in spending on data stacks and the company's abi...Reuters
Wed, Jun 4
Stocks
Why Wells Fargo Shares Are Up Today
Wells Fargo (NYSE: WFC) is out of the penalty box, more than seven years after regulators put limits on growth in response to a fake-accounts scandal.Investors are relieved, sending Wells Fargo shares up 3% as of 10 a.m. ET.Where to invest $1,000 right now? Our analyst team just revealed what they b...The Motley Fool
Wed, Jun 4
Stocks
Constellation Energy falls after Citigroup downgrade
** Constellation Energy's CEG.O shares down 2.7% at $304.50 on Weds after Citigroup cuts rating to 'neutral' amid refreshed valuation** Brokerage's downgrade came after Constellation on Tues forged 20-yr nuclear power deal with Meta Platforms META.O ** Citigroup noted that on Apr 9 w...Reuters
Wed, Jun 4
Economic Indicator
TREASURIES-US yields fall after soft ADP, ISM services data
ADP report shows private payrolls increased by only 37,000 jobsISM services PMI drops to 49.9, indicating contractionMarkets price in 74% chance of Fed rate cut in SeptemberBy Chuck Mikolajczak NEW YORK, June 4 (Reuters) - U.S. 10-year Treasury yields fell on Wednesday after labor market data cam...Reuters
Wed, Jun 4
Cryptocurrencies
US Military Backs Bitcoin Reserve To Counter China, Says Senator Lummis
United States Senator Cynthia Lummis (R-Wyo.) says elements of the nation’s uniformed leadership are now “big supporters” of plans to build a Strategic Bitcoin Reserve (SBR), marking the first time a sitting law-maker has publicly claimed high-level military backing for the project. Bitcoin Reserve ...Bitcoinist
Wed, Jun 4
Economic Indicator
US crude stockpiles fall, fuel builds as refiners hike output, EIA says
By Stephanie KellyNEW YORK, June 4 (Reuters) - U.S. crude oil stockpiles fell last week as oil refiners ramped up production with the start of the summer driving season, while fuel inventories rose amid weaker demand, data from the Energy Information Administration showed on Wednesday.Crude inventor...Reuters
Wed, Jun 4
Cryptocurrencies
Solana Analyst Sets $300 Target – Can Bulls Sustain A Rally?
Solana (SOL) continues to face resistance at the $160 level, failing to reclaim it despite multiple attempts over the past several days. As market momentum weakens and volatility rises, investors are growing cautious. Bitcoin and Ethereum—typically leading indicators—are also showing signs of exhaus...NewsBTC
Wed, Jun 4
Stocks
GLOBAL MARKETS-US stocks follow European shares higher, Treasury yields dip as investors eye tariff talks
U.S.-Europe trade talks progress amid tariff tensionsU.S. private sector job growth below expectations, services sector contractsEuropean stocks rise, Germany's index hits record highBy Stephen Culp NEW YORK, June 4 (Reuters) - Wall Street moved higher and U.S. Treasury yields dipped on Wedne...Reuters
Wed, Jun 4
Cryptocurrencies
Ripple (XRP) Price Prediction: When Will XRP Hit $3, $5, and $10 Targets and Rival Altcoin That Might Outperform
Ripple’s native token XRP remains one of the best cryptocurrencies to invest in for long-term believers in utility-driven altcoins. XRP continues to gain momentum as legal clarity around its status unfolds and global institutions explore blockchain-based payment solutions. As investors consider what crypto to buy now, XRP still holds strong appeal, though rising stars like […]Cryptopolitan
Wed, Jun 4
Commodities
US distillate fuel demand fell to over 1-year low last week, EIA says
NEW YORK, June 4 (Reuters) - U.S. product supplied of distillate fuel oil, a measure of demand for diesel and heating oil, fell in the previous week to 3.15 million barrels per day (bpd), the lowest since April 2024, data from the Energy Information Administration showed on Wednesday.Product supplie...Reuters
Wed, Jun 4
Commodities
Brazil agriculture minister: signs show efficient control of bird flu outbreak
By Lisandra Paraguassu BRASILIA, June 4 (Reuters) - Brazil's Agriculture Minister Carlos Favaro said on Wednesday there were strong indications that the world's biggest chicken exporter had efficiently contained a bird flu outbreak which was reported on a commercial chicken farm in mid-Ma...Reuters
Wed, Jun 4
Economic Indicator
NY Fed survey: Last month most firms passed on some of tariff surge
NY Fed data from early May finds most tariffs getting passed throughNY Fed finds limited pass through of all Trump tariffsNY Fed finds businesses confused and uncertaint about tariffsBy Michael S. Derby NEW YORK, June 4 - The majority of businesses in the New York Federal Reserve’s district said ...Reuters
Wed, Jun 4
