President Donald Trump's proposed 100% tariffs on foreign pharmaceuticals will ultimately be paid by American patients and insurers, not foreign drug companies, according to economist Justin Wolfers.He argues the administration’s theory that tariffs will force price cuts is flawed, especially for patented, brand-name drugs where there is no competition and demand is inelastic.Economist Warns Of Higher Drug Costs For ConsumersWolfers explained that for these unique medications, the economic leverage lies ent ...

U.S. stock market futures advanced and gold hit a new all-time high on Monday morning, with investors shrugging off the near-certainty of a government shutdown as Wall Street weighs the limited immediate financial fallout against the more significant risks of a prolonged political impasse.While the market appears calm, a key risk looms: a potential blackout of crucial economic data that could leave investors and policymakers flying blind.Futures Rise Despite 83% Shutdown BetsAs of early Monday, Dow Jones fu ...

Inventiva S.A. (NASDAQ: IVA) will release earnings results for the first half of the year, after the closing bell on Monday, Sept. 29.Analysts expect the Daix, France-based company to report H1 loss at 41 cents per share. Inventiva projects quarterly revenue of $5.31 million, according to data from Benzinga Pro.Inventiva is scheduled to host Analyst and Investor Event on Oct. 8.Shares of Inventiva rose 0.7% to close at $6.05 on Friday.Benzinga readers can access the latest analyst ratings on the Analyst Sto ...

Inventiva S.A. (NASDAQ: IVA) will release earnings results for the first half of the year, after the closing bell on Monday, Sept. 29.Analysts expect the Daix, France-based company to report H1 loss at 41 cents per share. Inventiva projects quarterly revenue of $5.31 million, according to data from Benzinga Pro.Inventiva is scheduled to host Analyst and Investor Event on Oct. 8.Shares of Inventiva rose 0.7% to close at $6.05 on Friday.Benzinga readers can access the latest analyst ratings on the Analyst Sto ...

Veteran investor and cryptocurrency advocate Cathie Wood referred to Bitcoin (CRYPTO: BTC) as the “pure cryptocurrency” in an interview aired Saturday, indicating that it will always have an edge over Ethereum (CRYPTO: ETH).‘Bitcoin Owns The Crypto Space’Speaking to Wilfred Frost on The Master Investors podcast, the Ark Invest CEO expressed confidence that Bitcoin would be the “biggest” cryptocurrency by far.“Bitcoin owns the cryptocurrency space when it comes to pure crypto,” Wood added. “It’s a monetary s ...

With commodities like gold and silver becoming the leading performers year-to-date, financial markets have caught a precious metal bug again. Yet, the latest research shows that nature-related risks could undermine the sector’s earnings by as much as 25%.According to new analysis from Barclays, the sector is particularly exposed to biodiversity and ecosystem challenges, and this vulnerability could reshape how miners operate within the current commodity cycle."We hope that in sharing our work we can start a ...

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It’s that time again. The weekend is over, and it’s time to catch up on the latest news. Here’s a quick roundup of the top stories that you might have missed.What Happened With Lucid’s Gravity SUV?Lucid Group (NASDAQ: LCID) has seen a surge in demand for its Lucid Gravity SUV, despite reports to the contrary. The company has dismissed the rumors and stated that it has delivered a significant number of SUVs.Lucid’s Gravity SUV was introduced in late 2024. The company’s response to the alleged low demand sugg ...

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The U.S. economy grew at a 3.8% annual rate in the second quarter, its fastest pace since the third quarter of 2023 and above the long-term trend.That marked a sharp rebound from the first quarter's 0.5% contraction, when tariff fears curbed business activity. The acceleration contrasts with softer summer labor readings that signaled some cooling.With days left in the fiscal year and no full-year funding or stopgap deal, the government could shut down at 12:01 a.m. Oct. 1, stalling services, furloughing wor ...