The biggest stories from the last day or so are oil, Blackstone's $2.3 Billion CoreWeave Bet Sparked a, Novo's Awiqli® receives FDA approval as the first, and the broad US stock market.
This is the oil price. Oil majors hit record highs as geopolitical tensions keep crude prices elevated, boosting company results outlooks and investor returns. Top US oil majors-ExxonMobil, Chevron, Shell, and ConocoPhillips-reached record highs on Thursday as Brent and WTI crude prices climbed to $117.4 and $103, respectively, amid ongoing geopolitical tensions in the Middle East and Eastern Europe.
Chip-backed loans are turning AI hardware into a low-cost, high-volume financing channel, reshaping risk and capital flows in the sector. Blackstone and Magnetar Capital arranged a $2.3 billion loan for CoreWeave, secured by Nvidia chips and Microsoft contracts, setting a model for a chip-backed lending market that could reach $1 trillion.
Novo's FDA approval of Awiqli® introduces the first once-weekly insulin for children, opening a new sales stream and strengthening its diabetes portfolio.
This is a wrap of the broad US stock market. Company results growth is strong, but AI fears and a jump in oil prices are pulling the market lower. The basket of 500 large US companies fell to 7,623, its lowest since Oct.
The cards below are the sources for this piece.