Visa and Mastercard stocks hit fresh records, underscoring a resilient U.S. consumer

What’s at stake: A December executive order directs the Justice Department to challenge state AI laws that conflict with administration policy and tells administration officials to draft legislation preempting them. Supporting data: Colorado’s AI law takes effect Jan. 1 and requires lenders to tell consumers when a lending decision involves AI and to describe the…

(RTTNews) – Biohaven Ltd. (BHVN) and SK Biopharmaceuticals Co., Ltd. announced a global licensing and collaboration agreement for Biohaven’s Kv7 ion channel platform, led by Opakalim (BHV-7000), a next-generation candidate in development for epilepsy. Under the terms, SK Biopharmaceuticals will provide upfront and milestone payments of up to $795 million, along with tiered royalties ranging…

September ICE NY cocoa (CCU26) closed up +6 (+0.10%) on Friday, and September ICE London cocoa #7 (CAU26) closed up +4 (+0.09%). Cocoa prices recovered from early losses on Friday and posted modest gains as the decline in the dollar index ($DXY) to a 7-week low prompted short covering in cocoa futures.  Don’t Miss a…

Albertsons: It Don't Need A Turnaround To Win (Q2 Earnings Preview)

Since 1984, residential property values have appreciated by 441 percent, substantially exceeding the 210 percent increase attributable to inflation. Clever Real Estate conducted a comprehensive analysis comparing four decades of federal residential property price data against the Consumer Price Index, subsequently performing an equivalent comparison across the 50 most densely populated U.S. metropolitan areas over…

Reaction from Fed chair Kevin Warsh and from across the mortgage industry