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Eli Lilly and Bayer Warn Germany’s Pharma Policies Risk Investment
Eli Lilly and Bayer have criticized Germany’s spending policies on innovative medicines, warning they could undermine the country’s attractiveness for pharmaceutical investment, according to a Financial Times report.
Pakistan PM Defends Iran's Missile Program, Says Objections Unnecessary
Pakistan's Prime Minister Shehbaz Sharif defended Iran's ballistic missile program, arguing that many countries possess such capabilities and that objections would only create unnecessary controversy and delays.
Trump Denies Iran's Claim on IAEA Inspections, Warns of Talks Cancellation
President Trump refuted Iran's assertion that no IAEA inspections are scheduled, stating Tehran has committed to full inspections and warning he would immediately cancel talks if that were not the case.
Trump Says Iran Mistaken on IAEA Inspectors, Talks Continue
Donald Trump stated that Iran is wrong about IAEA inspectors and sees no urgent need to deploy them, while negotiations with Tehran are ongoing and a deal remains possible.
India and US Close to Formalizing Interim Trade Agreement, DBS Economist Says
DBS economist Radhika Rao reports that India and the United States are nearing the finalization of an interim trade agreement under a new framework.
Hut 8 to Pay $2.35M in Investor Lawsuit Over US Bitcoin Merger
Hut 8 will pay $2.35 million to settle an investor lawsuit related to its merger with US Bitcoin.
Yen Steadies as USD/JPY Rally Shows Exhaustion – Scotiabank
The Japanese Yen edged higher on Tuesday, outperforming G10 peers as stronger PMI data signaled improving growth, according to Scotiabank strategists. They note signs of exhaustion in the USD/JPY advance amid narrowing yield spreads.
Strait of Hormuz Shipping Traffic Nearly Triples in Week
Vessel crossings through the Strait of Hormuz surged from 32 to 93 week-on-week, according to MarineTraffic and Kpler data, signaling a rebound in shipping confidence after recent geopolitical tensions.
US Manufacturing Job Losses Hit Worst Level Since Pandemic
U.S. manufacturers cut jobs at the fastest pace since the COVID-19 pandemic, reflecting growing strain in the industrial sector amid weaker demand, high borrowing costs, and trade policy uncertainty.
SpaceX Bond Sale Attracts $89 Billion in Investor Demand
SpaceX has reportedly drawn $89 billion in demand for its inaugural U.S. bond offering, marking one of the largest investment-grade debt deals this year.
Tokenized Stock Trading Volume Hits Record $5.3B Last Month
Monthly tokenized stock trading volume reached $5.3 billion, up 44% month-over-month, while Solana's cumulative tokenized stock transfer volume surpassed $10 billion for the first time.
WTI Oil Drops Over 1% as Middle East Tensions Ease and Iran Supply Looms
West Texas Intermediate crude fell more than 1% on Tuesday, trading near $73.00, pressured by reduced geopolitical risk in the Middle East and the prospect of returning Iranian oil supplies.
Aussie Dollar Loses Momentum, Fails to Find Catalyst for Reversal
The Australian Dollar continues to decline, lacking a catalyst to halt its fall or reverse course.
EU Parliament Committee Approves Digital Euro Bill
The European Parliament's Committee on Economic and Monetary Affairs voted 43-14 to approve a digital euro bill. The digital euro would be an electronic form of central bank money issued by the ECB, with mandatory acceptance for most businesses and storage limits for citizens.
Silver Challenges 2026 Lows as Hawkish Fed Weighs
Silver trades near $62 per ounce, close to the 2026 low of $61.01, pressured by a hawkish Fed stance and easing Middle East tensions.
EUR/GBP Steadies as Weak UK PMIs Offset by Resilient Eurozone Data
EUR/GBP remained little changed on Tuesday after a sharp decline the prior day, as contrasting PMI data from the UK and Eurozone balanced each other.
AI Token Price Collapse Weighs on Big Tech Valuations
Falling AI token prices are raising concerns about the profitability of advanced AI models, putting pressure on hyperscaler stocks like Amazon, Microsoft, Meta, and Alphabet.
USD/JPY Holds Neutral as Markets Weigh US PMIs and ADP Data
The USD/JPY pair traded in a neutral zone on Tuesday as investors digested the latest US PMI figures and ADP employment data, awaiting a stronger catalyst from the Federal Reserve.
US Supreme Court Expands DHS Power Over Green Card Holders
The US Supreme Court ruled 6-3 that DHS can revoke lawful permanent resident status if the holder leaves the US with pending criminal charges, even without a conviction.
France Heatwave Overwhelms Emergency Call Centers as Calls Surge 50%
A severe heatwave in France has led to a 50% increase in calls to SAMU emergency services in the Île-de-France region, straining healthcare response as temperatures rise.
British Pound Slides on UK Political Uncertainty, Strong US PMI
The British Pound fell over 0.40% on Tuesday as risk appetite soured amid UK political uncertainty and a hot US PMI print. GBP/USD traded at 1.3195 after reaching a daily high.
Rand Paul Accuses Fauci of Funding Wuhan Lab Research, Misleading Congress
Senator Rand Paul has revived allegations that U.S. taxpayer funds supported gain-of-function research at the Wuhan Institute of Virology, potentially contributing to the COVID-19 pandemic, and that Dr. Anthony Fauci approved the experiments and later misled Congress.
Fed Rate Hike Probability Jumps to 25% for July Meeting
Markets now see a 25% chance the Federal Reserve will raise interest rates at its July 29 meeting, a sharp reversal from earlier expectations of two rate cuts by that date.
RBA Steady Rate Supported by Slowing Demand – TD Securities
Softer Australian PMI data, featuring weaker new orders and moderating price pressures, supports the Reserve Bank of Australia keeping its cash rate unchanged at 4.35%, according to TD Securities.