Big Pharma taps China for drug innovation. Pfizer's $1.25B deal signals rising R&D value.
Oil tops $100 on Hormuz blockade fears. Stocks dip as geopolitical risk spikes.
Oil prices spike 5% on Iran blockade fears; Asian markets dip, risk assets slide.
BMY's low P/E & 4.2% yield hint value, but patent cliffs & debt pose risks.
Oil & gas surge 8.6% & 18% on Hormuz blockade fears. Inflation risk rises as supply tightens.
Fuel caps emerge in India as war-driven supply concerns ripple downstream. Jio-bp has reportedly capped fuel sales at 50L per customer, impacting diesel-heavy transport users.
PBOC is expected to set the USD/CNY reference rate at 6.8395 – Reuters estimate PBOC CNY reference rate setting for the trading session ahead.
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