1. S&P 500 Returns to Record Levels
The S&P 500 hit a new intraday and closing high on Thursday, with a 0.4% gain. The Dow Jones and Nasdaq Composite both rose 0.6%. Key economic data releases, including U.S. personal income and consumer sentiment, are expected sentiment
2. Election Misinformation Spreading on Facebook
Local officials report that misinformation about the election is spreading on Facebook. Meta has downplayed political content, leaving officials fewer tools to combat false information.
3. New Schizophrenia Treatment
The FDA approved Bristol Myers Squibb’s Cobenfy, a new schizophrenia drug, marking the first major innovation for the condition in over 70 years. This could help offset revenue losses from expiring drug patents.
4. Millionaire Vote Trends
A UBS survey of millionaire investors shows most plan to vote for Kamala Harris over Donald Trump in the 2024 presidential election, despite some favoring Trump on economic issues.
5. Birria Boom in U.S. Restaurants
Birria, a traditional Mexican stew, has gained popularity in U.S. restaurants, with a 400% increase in menu mentions over the past four years.
Contributors: Brian Evans, Lisa Kailai Han, Jonathan Vanian, Annika Kim Constantino, Robert Frank, and Amelia Lucas.
The S&P 500 hit a new intraday and closing high on Thursday, with a 0.4% gain. The Dow Jones and Nasdaq Composite both rose 0.6%. Key economic data releases, including U.S. personal income and consumer sentiment, are expected sentiment
2. Election Misinformation Spreading on Facebook
Local officials report that misinformation about the election is spreading on Facebook. Meta has downplayed political content, leaving officials fewer tools to combat false information.
3. New Schizophrenia Treatment
The FDA approved Bristol Myers Squibb’s Cobenfy, a new schizophrenia drug, marking the first major innovation for the condition in over 70 years. This could help offset revenue losses from expiring drug patents.
4. Millionaire Vote Trends
A UBS survey of millionaire investors shows most plan to vote for Kamala Harris over Donald Trump in the 2024 presidential election, despite some favoring Trump on economic issues.
5. Birria Boom in U.S. Restaurants
Birria, a traditional Mexican stew, has gained popularity in U.S. restaurants, with a 400% increase in menu mentions over the past four years.
Contributors: Brian Evans, Lisa Kailai Han, Jonathan Vanian, Annika Kim Constantino, Robert Frank, and Amelia Lucas.