Finance
Amgen Shares Fall About 10% After Novartis Says Pelacarsen Missed Its Main Goal in a Phase III Heart Trial
Novartis reported on September 4 that pelacarsen lowered lipoprotein(a) but did not cut cardiovascular events in an 8,323-patient study; Amgen fell 9.8% on September 8 after a BMO Capital Markets downgrade, while Novartis's Zurich-listed shares fell about 1.9% on September 7.
Treasury's Enlarged Long-Bond Buybacks Take Effect Sept. 9, Raising the Per-Operation Cap From $2 Billion to at Least $4 Billion
Treasury announced the change on Aug. 19; the 10-year and 30-year yields fell that day and gave back the decline the next session.
EverBank and WaFd Agree to $3.9 Billion Reverse Merger, Creating a Bank With About $75 Billion in Assets
Under the deal announced Sept. 7, EverBank's investors would own about 59.2% of the combined company, which would keep the EverBank name and trade on Nasdaq as EVBK after an expected early-2027 close.
Canada's Counter-Tariffs of 15% to 50% Take Effect on C$27.6 Billion of U.S. Goods
Ottawa's surtaxes on more than 700 American products began at 12:01 a.m. Tuesday, matching the 50% U.S. Section 338 tariffs that hit Canadian goods on Aug. 22, and paired with a C$7.5 billion aid package for Canadian workers and businesses.
GameStop Projects Q2 Net Income of $290-310 Million as Net Sales Fall to $780-800 Million; eBay Stake Added $238 Million in Net Gains
GameStop's preliminary second-quarter figures show profit up and sales down, with about $238 million in net gains tied to its eBay stake and about $75 million in losses on digital assets; full results were due September 8.
Kospi Closes 4.61% Higher and Nikkei 2.1% Higher as Chipmakers Rally; U.S. Markets Were Closed for Labor Day
Japanese and South Korean chip stocks led gains on Monday, September 7, 2026, while Hong Kong and Shanghai fell and analysts split over whether the move reflects AI demand or a rebound from a summer crash.
OpenAI Releases GPT-6 Astra, Its First Model Rated 'Critical' Under Its Own Cyber Risk Policy
OpenAI began a limited release of GPT-6 Astra on September 3, 2026 and opened it to paying ChatGPT tiers the next day, saying the model crossed the company's top internal cybersecurity risk threshold.
SB Energy IPO Filing Discloses $3 Billion Nvidia Investment, $5.5 Billion in OpenAI Warrants and a $105 Billion Nvidia Lease Backstop
SoftBank's power-and-data-center arm filed to list on Nasdaq under "SBE" seeking $5 billion to $7 billion, and told the SEC it is "substantially dependent" on OpenAI, its main tenant and an investor.
Reuters Reports Anthropic's IPO Marketing Pushed to Mid-October at the Earliest
People familiar with the plans told Reuters the prospectus will now come out in late September and investor marketing in mid-October; some investors have floated a valuation above $2 trillion, a figure Anthropic has not confirmed.
Nvidia Confirms $12.9 Billion Deal to Buy AI Model Platform Hugging Face
Nvidia says it will pay about $11.9 billion to Hugging Face shareholders plus roughly $1 billion in retention equity, in a deal it expects to close in the first half of 2027 pending regulatory review.
Bitcoin Tops $81,000 for the First Time in Nearly Four Months; Coinbase and Strategy Shares Rise
The move is a third straight weekly gain off a June low near $63,000, and still leaves bitcoin roughly 35% below its October 2025 record, as traders watch fading Fed rate-hike odds and a Senate crypto bill.
Lululemon Cuts Full-Year Revenue Outlook to $10.35–$10.5 Billion; Shares Fall About 18% to Below $100
The company reported a 9% drop in comparable sales and diluted earnings of $2.92 a share, a figure that included a benefit from tariff refunds, and lowered its fiscal 2026 revenue and profit forecasts for the third time this year.