News
Important Only
Other
Skyward’s Robinson: AI to augment submissions flow in technology ‘arms race’
By David BullJune 2 - (The Insurer) - The intake of submissions needs to get to the point where there’s no human in the loop, with the use of AI to augment risk information and take the process to the “20-yard line” before an underwriter is involved, according to Skyward Specialty CEO Andrew Robinso...Reuters
Mon, Jun 2
Stocks
3 No-Brainer Healthcare Stocks to Buy in June
A new month has arrived. Investors now have a fresh opportunity to buy great stocks. Three Motley Fool contributors believe they've found no-brainer healthcare stocks to buy in June. Here's why they like Amgen (NASDAQ: AMGN), Vertex Pharmaceuticals (NASDAQ: VRTX), and Summit Therapeutics (NASDAQ: SM...The Motley Fool
Mon, Jun 2
Economic Indicator
Venezuela ramps ups taxes on private sector as Chevron oil exit bites
Venezuela hikes taxes to offset oil revenue lossPrivate sector faces audits, fines, and increased fees, sources sayConindustria survey: 77% cite taxes as main business obstacle June 2 (Reuters) - Venezuela's government is increasing taxes and public service charges on the private sector to co...Reuters
Mon, Jun 2
Commodities
EU warned by advisers not to weaken new climate goal
By Kate Abnett BRUSSELS, June 2 (Reuters) - The European Union's independent advisers have warned against watering down the bloc's planned 2040 climate goal, as EU officials consider softening the target to try to contain a political backlash against ambitious environmental policies.The E...Reuters
Mon, Jun 2
Commodities
RPT-COLUMN-US ethanol output eases off record pace as summer travels heat up: Braun
By Karen BraunNAPERVILLE, Illinois, May 30 (Reuters) - Record volumes of U.S. ethanol have been churned out since late last year, largely due to an uptick in exports and steady domestic demand.But output has slipped from those record levels over the last couple of weeks, coinciding with the ramp-up ...Reuters
Mon, Jun 2
Forex
AUD/USD approaches 0.6500 with the US Dollar on the defensive
The Australian Dollar is one of the stronger performers on Monday. The sour risk sentiment is not weighing the Aussie today, which is drawing support from a weak US Dollar to reach levels right below 0.6500.The Greenback has opened the week on the back foot, hit by a mix of events.
Fxstreet
Mon, Jun 2
Other
EU trade commissioner Sefcovic to meet U.S. counterpart in Paris - EU spokesperson
BRUSSELS, June 2 (Reuters) - European Union Trade Commissioner Maros Sefcovic will meet his U.S. counterpart Jamieson Greer in Paris on Wednesday, an EU spokesperson said.The meeting will take place on the sidelines of the OECD Ministerial Council Meeting in the French capital, added the spokesperso...Reuters
Mon, Jun 2
Other
CORRECTED-23andMe founder aims to restart auction with major corporate backing
June 1 (Reuters) - The founder of 23andMe MEHCQ.PK, Anne Wojcicki, has asked a U.S. judge to reopen an auction for the genetic testing company, saying she has the support of a Fortune 500 company with a current market capitalization of more than $400 billion. Wojcicki did not name the Fortune 500 ...Reuters
Mon, Jun 2
Economic Indicator
Brent holds range, faces resistance near 50-DMA at $67 – Société Générale
Brent crude continues to consolidate in a sideways pattern, with downward momentum still dominant. A potential base formation hinges on holding above recent lows and reclaiming key moving averages, Société Générale's FX analysts note.Fxstreet
Mon, Jun 2
Stocks
Citigroup lowers PT on timber companies as lumber prices come under pressure
** Citigroup reduces price target on timber companies to reflect a more conservative outlook on lumber and log prices** Says lumber prices has drifted lower since the beginning of April with dealers working down inventories built in anticipation of Canadian tariffs that did not ultimately materializ...Reuters
Mon, Jun 2
Other
JetBlue not pursuing merger with United Airlines, says CEO
NEW DELHI, June 2 (Reuters) - JetBlue Airways JBLU.O CEO Joanna Geraghty said on Monday the company's partnership with United Airlines UAL.O would not lead to a merger between the two carriers.The two companies last week announced a collaboration that allows travelers to book flights on both car...Reuters
Mon, Jun 2
Other
Regeneron to buy bankrupt 23andMe, vows ethical use of customer DNA data (May 19)
A 2023 data breach hurt demand for 23andMe's core servicesTransaction is expected to complete in the third quarterBy Mariam Sunny and Siddhi MahatoleMay 19 (Reuters) - Regeneron Pharmaceuticals REGN.O said on Monday it will buy genomics firm 23andMe Holding for $256 million through a bankruptcy ...Reuters
Mon, Jun 2
Stocks
HEDGE FLOW-Hedge funds buy stocks at quickest pace since Nov 2024, Goldman Sachs says
By Nell Mackenzie LONDON, June 2 (Reuters) - Hedge funds bought global equities last week at the quickest pace since November 2024, Goldman Sachs said in a note, just as stock markets ended the month with their most positive May performance in decades. The S&P 500 .SPX advanced just over 6% i...Reuters
Mon, Jun 2
Other
Soccer-City midfielder Kovacic out of Club World Cup after Achilles surgery
MANCHESTER, England, June 2 (Reuters) - Manchester City midfielder Mateo Kovacic will miss the FIFA Club World Cup after undergoing surgery to repair an Achilles tendon injury, the Premier League club said on Monday.The Croatian has been hampered by the injury for a while and sat out last month'...Reuters
Mon, Jun 2
Stocks
Could Viking Therapeutics Become the Next Eli Lilly?
The obesity treatment market is booming, with groundbreaking drugs like Eli Lilly's (NYSE: LLY) Zepbound delivering transformative patient results and powering its stock to a spectacular 400% return in the past five years.Amid this estimated $100 billion opportunity, much smaller upstart Viking Ther...The Motley Fool
Mon, Jun 2
Other
Bristol Myers to pay $1.5 billion upfront for BioNTech cancer drug partnership
By Michael ErmanJune 2 (Reuters) - U.S. drugmaker Bristol Myers Squibb BMY.N announced on Monday a $1.5 billion upfront payment to partner with Germany's BioNTech 22UAy.DE, BNTX.O on an experimental cancer drug, in a deal that could eventually exceed $11 billion in value for BioNTech.Bristol sai...Reuters
Mon, Jun 2
Stocks
Boeing rises after BofA Global Research upgrades rating
** Boeing's BA.N shares rise 1.6% premarket to $210.67 after BofA Global Research upgrades stock rating to 'buy' from 'neutral'** Brokerage raises price objective to Wall Street high of $260, says BA has become the "favored trade tool" for the U.S. administration in recen...Reuters
Mon, Jun 2
