Shares of AbbVie, Eli Lilly and Gilead Sciences are trading at or near record highs.
Business
Big pharma stocks near all-time highs as tech selloff pushes investors toward safer bets
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Boom or Bust, Bitcoin Wins the AI Trade, Bitwise CIO Says
In a note to investors, Matt Hougan used a “Choose Your Own Adventure” framework to argue that superabundance, an AI bust or a muddle-through economy all ultimately funnel to the same place: Bitcoin higher.
Business
This one governor’s race could derail the AI trade that’s powered the stock market
Here’s the Nov. 3 contest that “presents the biggest election-specific risk,” analysts say.
Business
BlackRock’s Larry Fink Warns AI Data Center Halt Could Tip US Into Recession
Speaking after BlackRock’s Q3 earnings, Fink said AI infrastructure spending has become so central to growth that a construction halt would be dangerous—calling the backlash “misinformation” as data centers become a midterm flashpoint.
Business
XRP News: DriveWealth RLUSD Settlement Starting in Europe
DriveWealth plans RLUSD settlement in Europe before a U.S. expansion, with Ripple’s payments and custody work still at different stages.