Economy
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U.S. debt sell-off extends on $106 crude oil and hawkish central bank outlooks
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Kodiak Sciences stock soars on positive AMD trial data
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Argus initiates 10X Genomics stock coverage with buy on Atera demand
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Copper prices could reach $22,050 per ton by mid-2027
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Meta stock cuts losses after major executive hire confirmed
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GRI Bio executives to present at IPF Summit this week
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Memo smearing Anthropic’s Amodei circulated in White House before CEO’s dinner with President Trump
Good morning. On Fortune’s radar today: Anthropic’s Amodei targeted in smear memo ahead of White House dinner. Prize crude: $600 million of seized Iranian oil heads for the U.S. U.S. factories are shrinking, except for tech. Markets: Oil up, stocks down. Why the stock market is ignoring the bond market. Solar gets cheap and takes…
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How a Gen Zer built a $3.7 billion defense tech startup backed by Sequoia
Hi, it’s Preston Fore, in for Allie. Earlier this month, defense tech firm Mach Industries raised $600 million in a Series C extension at a $3.7 billion valuation. That’s more than double the $1.8 billion valuation Mach reached just three months earlier when it raised its initial $300 million Series C led by Ribbit Capital,…
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The economist who coined the phrase ‘Magnificent 7’ says the very thing that made them extraordinary is under threat
It was May 2023 when Bank of America’s Michael Hartnett took inspiration from the Wild West, coining the phrase “Magnificent 7” for a group of American companies that have proved to be the main driver of the stock market during an AI boom. And while the Mag 7—Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla—remain…