KKR forecaster eyes shift toward impact of inflation on profits in the wake of higher rates

A San Diego startup building instruments for multiomics research has secured $15 million in early funding and has revealed a plan to deliver high-throughput machines for accelerating work in identifying new targets to aid drug development.

A shrewd contrarian strategy is to buy when the stock market drops 20%

Shares of Freeport-McMoRan Inc. FCX, +0.22% inched 0.22% higher to $36.90 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.46% rising 1.46% to 3,789.99 and the Dow Jones Industrial Average DJIA, +1.00% rising 1.00% to 30,668.53. The stock’s rise snapped a five-day losing streak. Freeport-McMoRan Inc. closed $15.09 below its 52-week high ($51.99), which the company achieved on March 25th.

As bidding for the last-ever chance to lunch with Berkshire Hathaway’s chairman and CEO Warren Buffett reached the $3 million mark, the investing legend himself announced a $4 billion giveaway in stock to charity.

The Dow Jones Transportation Average DJT, +2.12% powered up Tuesday, driven FedEx Corp.’s FDX, +14.41% best one-day stock performance in three decades, even as the broader stock market turned lower.

Shares of Adobe Inc. ADBE, -0.22% slumped 0.22% to $370.82 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.38% falling 0.38% to 3,735.48 and Dow Jones Industrial Average DJIA, -0.50% falling 0.50% to 30,364.83. This was the stock’s fifth consecutive day of losses. Adobe Inc. closed $328.72 below its 52-week high ($699.54), which the company reached on November 22nd.

The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 736,000 barrels for the week ended June 10, according to sources.

American depositary receipts of Nio Inc. NIO, +16.70% jumped more than 16% Tuesday after the Chinese EV maker teased a “new model” in a countdown on its website.

U.K.-based Nexo offers to buy some of Celsius’s assets