Investing.com -- Morgan Stanley’s top strategist expects the S&P 500 to trade within a range of 5000 to 5500, as offsetting market forces keep equities in flux.While the recent 90-day pause on reciprocal tariffs and additional trade concessions have eased some recession fears, the bank’s Michael Wilson says uncertainty remains high, and the Federal Reserve’s reluctance to provide monetar ...
Investing.com -- Shares of Pfizer Inc (NYSE:PFE) dipped 1.5% as the pharmaceutical giant announced the discontinuation of its drug candidate danuglipron, which was under investigation for chronic weight management.Pfizer said the decision came after a comprehensive review of clinical data and recent regulatory feedback, despite the drug meeting key objectives in earlier studies.The company revea ...
BEIJING/WASHINGTON (Reuters) -China has put civilian government officials in Beijing on “wartime footing” and ordered a diplomatic charm offensive aimed at encouraging other countries to push back against U.S. President Donald Trump’s tariffs, according to four people familiar with the matter.Communist Party propaganda officials have played a leading role in framing China’s response, one o ...
Investing.com -- Deutsche Bank has upgraded its recommendation on InterContinental Hotels Group to "hold" from "sell," while simultaneously revising its target price downward. The new target for IHG is 7,750 pence, down from the previous 8,000 pence, reflecting a 3.1% reduction in valuation outlook.The adjustment comes amid broader revisions within the tourism and travel sector.According t ...