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The AI-driven cost crisis Wall Street has not started pricing yet

Every technology boom eventually arrives at the same uncomfortable moment: when the question stops being who is growing fastest and starts being who can actually afford to keep growing. For the AI software industry, that moment may be arriving faster than investors expected. The numbers that triggered the conversation are not subtle. The four largest […]

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Are banks open on Juneteenth?

Juneteenth has become a widely observed holiday in the United States, commemorating the end of slavery; it is the nation’s newest federal holiday. Communities across the country celebrate with festivals, parades, and concerts, and many Americans devote the day to volunteer work. As many Americans prepare for a welcome three-day weekend, you may want to

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Morgan Stanley sees writing on wall for key drug research stocks

Wall Street just split sharply on two stocks in the same industry. On Wednesday, June 17, Morgan Stanley upgraded Charles River Laboratories (CRL) to Overweight and downgraded IQVIA Holdings (IQV) to Equal-weight. The twist: IQVIA is buying lab assets that Charles River agreed to sell earlier this year. Here is what changed the bank’s mind,

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