US and Iran exchange attacks on oil tankers! US military claims to have "destroyed" three Iranian oil tankers, while Iran's Islamic Revolutionary Guard Corps reports attacks on multiple oil tankers and US vessels.
US and Iran exchange attacks on oil tankers.
Energy Sector Outperforms in August as Middle East Tensions Boost Oil Prices
Healthcare August Recap: Moderna Jumps 156% as Biotech Shines; DaVita Sinks
Insider Trades: Nvidia, TSMC, and Johnson & Johnson Among Notable Names
Breakthrough in "Personalized Cancer Vaccines"! "Tumor Sequencing" Takes Center Stage
Breakthroughs in personalized cancer vaccines are driving up demand for tumor sequencing, making related diagnostic companies a new focus of capital markets. Positive trial results from Moderna and Merck have boosted the stock prices of firms such as Tempus AI and sparked a potential bidding war for Personalis. The market remains optimistic about the long-term growth potential of minimal residual disease (MRD) testing, although the industry still faces uncertainties related to clinical validation, commercialization, and competition.
As U.S. consumption downgrades and hedge funds retreat, Wall Street adopts an attitude of "indifference and caution" toward retail stocks.
Accelerating sales at U.S. discount stores, coupled with slowing growth momentum at Walmart and Costco, have sparked market discussions about consumption downgrading. Goldman Sachs notes that U.S. hedge funds’ aggregate exposure to retail stocks has fallen to multi-year lows, indicating a systematic withdrawal of institutional capital from the sector. UBS Group characterizes market sentiment as "apathetic, cautious, and frustrated," warning that consumer stocks face multiple headwinds, including shrinking purchasing power, high interest rates, tariffs, freight costs, and geopolitical turbulence.
Bessent: Oil prices to fall to $40 after Iran conflict ends, with bond yields declining accordingly
U.S. Treasury Secretary Bessent predicts that the global oil market will face a severe oversupply once the conflict in Iran ends, potentially driving oil prices down to $40–$50 per barrel and leading to a concurrent decline in bond yields and inflation. He noted that the correlation between current oil prices and interest rates has reached a record high.
Catalyst Watch: Apple's High-stakes iPhone Event, Oracle, CPI, and the NFL Returns
Citadel Sets Sights on U.S. Shale Oil Assets! Previously Bid for WildFire, Ultimately Outmaneuvered by $4 Billion Deal
Citadel is targeting U.S. shale oil assets and has recently engaged with multiple private equity firms to pursue acquisitions. It had previously bid for WildFire Energy, but the asset was ultimately acquired by Magnolia Oil & Gas for approximately $4.06 billion. This reflects an accelerating trend among hedge funds and commodity traders to build positions in physical energy assets, leveraging production capacity to hedge against oil price volatility and geopolitical risks, while further expanding their physical asset exposure within commodity trading operations.
FICO Stock Falls Pre-Market After Bill Pulte Declares 'No More' to FICO's Mortgage Scoring Monopoly — Orders Fannie Mae, Freddie Mac to Open Door to VantageScore
Bill Pulte, the Director of the Federal Housing Finance Agency (FHFA), has instructed Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) to permit all lenders to utilize the VantageScore credit
Trump’s inner circle scrambles to enter the market, carving up Venezuela’s oil “big cake”
With the collapse of the Maduro regime and U.S. intervention, Venezuela’s energy sector is experiencing an unprecedented “gold rush,” as business elites with close ties to the Trump administration rapidly move in to stake their claims.
EXCLUSIVE: AI, Genomics Could Fuel Biotech ETF Re-Rating as Health Care Trades at Discount, Says Expert
Biotech could be entering a broader re-rating as artificial intelligence and genomics accelerate drug discovery, while health care valuations remain at a significant discount to the broader market,
AbbVie Touts Positive Data For Multiple Myeloma Drug
AbbVie Inc. (NYSE:ABBV) on Thursday reported topline outcomes from its Phase 3 CERVINO trial evaluating etentamig, an investigational treatment for relapsed or refractory multiple myeloma.The study
BMO Capital Maintains Outperform on Chevron, Raises Price Target to $235
BMO Capital analyst Phillip Jungwirth maintains Chevron (NYSE:CVX) with a Outperform and raises the price target from $210 to $235.
6 Consumer Discretionary Stocks With Whale Alerts In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity
AbbVie Succeeds in Late-stage Trial for Multiple Myeloma Drug
Wells Fargo Maintains Overweight on Chevron, Raises Price Target to $230
Wells Fargo analyst Sam Margolin maintains Chevron (NYSE:CVX) with a Overweight and raises the price target from $226 to $230.
Oil under the U.S.-Venezuela agreement may enter U.S. reserves in November; Chevron plans to invest $7 billion in Venezuela to expand production, driving its stock price to a record high.
White House Deputy Press Secretary Anna Kelly stated that oil under the U.S.-Venezuela agreement "could enter U.S. reserves as early as November." On the same day, energy giants such as Chevron and ENI signed multiple agreements to expand production in Venezuela. Chevron plans to invest $7 billion, aiming to double its oil output in Venezuela to 600,000 barrels per day within five years, while projecting total extraction costs of below $20 per barrel. Chevron's shares closed up 0.35% on Wednesday, surpassing their March highs and reaching a record high.
Express News | Trump: Ready to strike Iran again; we have full control of the strait
U.S. President Trump met with executives from the U.S. tourism industry at the White House on Wednesday local time, during which he again addressed the issue of Iran. Trump stated, "The Iranian regime is collapsing. A new round of strikes against Iran will not take long to prepare for, and we are ready to launch another strike against Iran in the future. We have full control over the Strait of Hormuz, through which millions of barrels of oil are exported daily. I hope domestic retail gasoline prices will decline."
Most and Least Shorted Mid- to Mega-cap Healthcare Stocks at the End of August