A massive steel sculpture now stands at San Francisco's Embarcadero Plaza. Marco Cochrane created 'R-Evolution,' a 45-foot nude woman. The art piece was first displayed at Burning Man. It features internal lights and a breathing mechanism. The Sijbrandij Foundation sponsors the installation. It aims to promote gender equality and challenge perceptions. The sculpture will remain for at least six months.
Sandip Sabharwal discusses the impact of tariffs on global trade and the Indian economy, highlighting potential opportunities in sectors like auto, cement, and infrastructure. He believes the volatility in asset prices should peak soon, with supportive fiscal and monetary policies benefiting domestic-focused companies.
Biocon's shares surged following USFDA approval for Jobevne, a biosimilar to Avastin, used in treating various cancers. This marks Biocon's seventh biosimilar approval in the U.S., strengthening its oncology portfolio. With bevacizumab sales reaching $2 billion in the U.S. in 2023, this approval signifies a major milestone for Biocon.
BHEL share price: As per Trendlyne data, the average target price of the stock is Rs 213, which indicates an upside of 1% from the current market prices. The consensus recommendation from 18 analysts for the stock is a 'Hold'.
Chicago Fed President Austan Goolsbee suggests a cautious approach to monetary policy amidst economic uncertainty fueled by trade tariffs. He acknowledges the tariffs' potential stagflationary impact, making policy responses complex. While not ruling out future rate adjustments, Goolsbee emphasizes the need to assess the economy's reaction to these tariffs.
Donald Trump's trade war created turmoil in global markets. Stocks and oil prices declined due to fears of China's response. Trump paused tariffs for 90 days, raising hopes. Treasury Secretary Scott Bessent mentioned trade negotiation interests from many countries. Uncertainty led to volatile trading. The US and Vietnam agreed to trade talks.
All three major U.S. stock indexes suffered steep losses, forfeiting much of the previous session's gains as growing concerns over the escalating Washington-Beijing trade face-off dampened optimism over upbeat economic data and U.S.-Europe trade negotiations.
Indexes in Japan, Australia and South Korea retreated after the S&P 500 dropped 3.5% Thursday, as market euphoria turned to angst after the White House clarified US tariffs on China rose to 145%.
