Daily U.S. Stock Market News Briefing (December 4, Wednesday)

USHK News
2024.12.04 13:35

Important News

  1. In November, the ADP employment number in the United States increased by 146,000, falling short of market expectations.

  2. Gilead Sciences (GILD.O) has reached a collaboration with Tubulis to jointly develop antibody-drug conjugates targeting solid tumor sites.

  3. Merck (MRK.N) / Kerenorbo's ADC therapy has received breakthrough therapy designation from the FDA for the treatment of non-small cell lung cancer.

  4. Rio Tinto (RIO.N) has sold a 30% stake in the Winu copper mine in Australia to Sumitomo for $399 million.

  5. Google Cloud is collaborating with Air France-KLM to develop generative artificial intelligence technology.

  6. Apple (AAPL.O) stock price has reached a new high, with analysts predicting a market value of $4 trillion next year.

  7. World Advanced and NXP Semiconductors (NXPI.O) have broken ground on a joint venture wafer fab in Singapore, expected to start mass production in 2027.

  8. Microsoft (MSFT.O) has accused the Federal Trade Commission (FTC) of leaking information about its antitrust investigation.

  9. Eli Lilly (LLY.N) weight loss drug Zepbound has surpassed Novo Nordisk's Wegovy in its first comparative trial.

  10. Stellantis (STLA.N) denies that Apple's former CFO will become the new CEO of Stellantis.

  11. Salesforce (CRM.N) reported Q3 revenue of $9.44 billion for fiscal year 2025, an 8.3% year-over-year increase, exceeding market expectations

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