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J&J Shares Dip Amid $20B Orthopedics Unit Sale Talks, New Facility Investment
Johnson & Johnson shares fell following reports the company is exploring a sale of its DePuy Synthes orthopedics business for around $20 billion. The healthcare giant also committed over $1 billion to a new cell-therapy manufacturing plant in Pennsylvania.
Gasoline Futures Rally on Tight Supply, Pump Prices Poised to Climb
U.S. gasoline futures held a significant weekly gain near $2.01 a gallon, supported by a substantial inventory draw and rising demand. The national average pump price sits at $2.92, with refiners Valero and Phillips 66 seeing share gains.
Distillate Supply Squeeze Supports Heating Oil Despite Daily Dip
U.S. heating oil futures declined 0.8% to $2.59 a gallon Friday, pausing after a rally fueled by a significant weekly drawdown in distillate stockpiles. Inventories fell 4.6 million barrels to 120.1 million, roughly 5% under the five-year average.
Oil Holds Near Six-Month Highs Amid Iran Tensions, Supply Draws
Oil prices remained near six-month highs despite a slight Friday pullback, supported by geopolitical tensions and a sharp drop in U.S. crude inventories. Brent and WTI posted weekly gains of roughly 5.3%.
Grail Shares Halve as UK Trial Misses Primary Endpoint, Clouding FDA Path
GRAIL Inc. shares plummeted almost 50% in Friday trading following disappointing results from a major UK study of its multi-cancer early detection test. The trial's failure to hit its primary endpoint complicates the company's regulatory and reimbursement strategy.
Stocks Rally as Court Overturns Tariffs Amid Mixed Economic Signals
U.S. equities advanced Friday following a Supreme Court ruling invalidating former President Trump's global tariffs, while economic data revealed slowing growth and persistent inflation pressures.
Silver Surges Past $82 on Tariff Ruling and Economic Data
Silver prices rallied sharply on Friday, climbing above $82 per ounce as markets reacted to a major Supreme Court tariff ruling and disappointing economic growth figures.
Natural Gas Futures Surge 5% on Weather, LNG Startup Outlook
U.S. natural gas futures climbed nearly 5% Friday, rebounding from recent lows as a cold snap and expectations for new LNG export demand from the Golden Pass project supported prices.
Bitcoin Recovers to $67,590 Amid ETF Outflows and Fed Uncertainty
Bitcoin climbed 1.9% to $67,590 on Friday, recovering from a daily low of $66,255. Spot Bitcoin ETFs recorded $165.76 million in net outflows on February 19, extending the withdrawal streak to five consecutive weeks.
Gold Surges Past $5,000 on Rate Cut Hopes, Tariff Ruling
Gold prices climbed above $5,000 an ounce Friday, driven by disappointing U.S. economic growth figures and a Supreme Court decision striking down former tariffs. The move reflects shifting expectations for Federal Reserve policy.