The Treasury Department said it will at least double government debt buybacks, sending long-term Treasury yields lower after a sharp selloff. Analysts said the move may ease pressure in the short term but does not resolve concerns over deficits, inflation and Federal Reserve policy.
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Moderna and Merck said an experimental personalized mRNA vaccine combined with Keytruda helped keep high-risk melanoma from returning or spreading in a late-stage trial. The companies have not yet published the full data and plan to present it at a medical meeting and share it with regulators.
Unitree Robotics closed up 460% in its Shanghai debut, becoming the first humanoid robotics company to list on a mainland Chinese exchange. The surge comes as China pushes deeper into AI and robotics while U.S. restrictions limit Unitree’s access to American buyers.
The UAE imposed an indefinite halt on trade and financial dealings with Iran after accusing Tehran of firing ballistic missiles at Gulf shipping. Iran denied the claim as U.S.-Iran talks remained stalled and traffic through the Strait of Hormuz fell sharply.
President Donald Trump paused 50% tariffs on about $20 billion in Canadian imports hours before they were set to begin, saying the U.S. and Canada have a deal pending final documents. The pause followed intense talks between Trump, Canadian Prime Minister Mark Carney and top trade officials.
U.S. and Canadian officials are in last-minute talks to prevent 50% tariffs on about $20 billion in Canadian exports. The dispute has strained one of the world’s closest trade relationships and could complicate upcoming USMCA negotiations.
Colombian President Abelardo de la Espriella said he asked President Donald Trump to temporarily suspend tariffs after a 7.4-magnitude earthquake killed hundreds and damaged communities across western Colombia. Reconstruction is expected to cost about $6.4 billion.
An AFL-CIO report says the CEO-to-worker pay gap at major U.S. companies widened in 2025, with Elon Musk’s Tesla compensation far exceeding the company’s median worker pay. The report also examined President Donald Trump’s income and cited financial strain among U.S. workers.