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The price of Bitcoin fell on Wednesday following an escalation in tensions between the United States and Iran, which dampened investor appetite for risk assets. The decline coincided with remarks from U.S. President Donald Trump declaring a ceasefire agreement with Tehran was 'over.'
U.S. crude oil stockpiles increased by 3 million barrels last week, contrary to analyst predictions for a decrease, according to a report from the Energy Information Administration. Meanwhile, inventories of gasoline and distillates both fell.
Shares of Definium Therapeutics rallied after investment firm Stifel doubled its price target for the stock to $60. The upgrade was prompted by stronger-than-expected Phase 3 clinical data for the company's lead depression drug candidate, DT120.
Shares of digital infrastructure company TeraWulf rebounded sharply, climbing over 11% as multiple analysts raised their price targets following a transformative 20-year lease agreement with AI firm Anthropic.
France's competition authority has directed Meta Platforms to re-enter negotiations with French media groups regarding unpaid fees for the use of their online content. The order comes after talks stalled, leaving publishers without payment since the beginning of 2025.
Shares of insurance technology company Lemonade Inc. fell on Wednesday after Morgan Stanley downgraded the stock to "Equalweight," citing valuation concerns following a recent surge in price.
The OpenAI Deployment Company has agreed to acquire Northslope, an applied AI firm, marking the second such purchase for the enterprise-focused entity. The deal aims to expand the company's team of engineers who work directly with customers to implement AI systems.
Broadcom's stock surged over 4% after the company announced a new multi-year, multi-billion dollar agreement to supply Apple with custom chips and wireless components. The deal secures a key customer for Broadcom through 2031, alleviating investor concerns about Apple potentially shifting to in-house chip design.
Companies offering Affordable Care Act health plans are requesting a 14% median premium increase for 2027, the second-highest proposed hike since 2018. Insurers cite a changing risk pool, inflation, and rising medical costs as key factors.
