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Bristol Myers Squibb raised its full-year revenue and profit forecasts after second-quarter results exceeded analyst expectations, driven by strong sales of blood thinner Eliquis and newer medicines including heart drug Camzyos and anemia treatment Reblozyl.
Clear Street, a fintech prime brokerage, is launching a platform to give accredited investors pre-IPO access to private companies, beginning with AI software firm Databricks valued at $188 billion.
Treasury Secretary Scott Bessent expressed confidence that inflation will moderate this year, supporting interest rate cuts, while acknowledging the Federal Reserve’s caution given ongoing geopolitical developments.
Berkshire Hathaway shares declined Monday despite CEO Greg Abel’s strong debut at the annual meeting and first-quarter operating earnings that jumped 18% year-over-year.
IDEX Corporation reported 5% organic growth and record orders exceeding $1 billion in the second quarter, driven by expansion in data center, semiconductor, and space markets.
Littelfuse reported broad-based momentum across computing, communications, and industrial segments, with data center demand and record bookings driving third-quarter guidance of 21% organic growth.
