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JPMorgan touts Bristol Myers Squibb as a top biopharma pick. Jim Cramer is also quite fond of it. The news In a Friday note, JPMorgan analysts said Bristol Myers is well positioned to “further re-rate” as Cobenfy goes wider. The oral drug designed to help treat adults with schizophrenia has the potential to reach peak sales of $10 billion or more annually, according to the analysts. Bristol Myers also has “several additional pipeline readouts pending” this year and in 2026, the analysts said, adding that the drugmaker’s shares are still trading at a steep discount in comparison to its peers.…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets : Stocks are finishing the week on a higher note and rebounding from oversold levels. The lack of new tariff headlines is helping provide some much-needed relief after the S & P 500 entered correction territory Thursday. As usual in an oversold rally, the stocks that got hit the hardest throughout the sell-off are rallying the strongest. Tech is the best-performing S & P 500 sector in the session, and…

What a difference a year makes. Nvidia entered last year’s pivotal GTC conference — its new product showcase and software developer workshop — riding high, with its stock already up a blistering 77% in 2024. The artificial intelligence boom was just over a year old, and optimism reigned supreme among tech investors. Shares of the AI chip king head into next week’s GTC bruised and battered. As of Thursday’s close, they were down more than 20% from their all-time closing high in early January. The decline would look even worse — if not for a bounce in recent sessions. During…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Wall Street rallied Friday, with the Nasdaq up more than 2% — but overall, it was still going to be a down week for the market. President Donald Trump’s approach to tariffs has rattled investors and fostered concerns about the economy. Consumer sentiment in March — measured by the University of Michigan’s monthly survey — dropped to its lowest reading since November 2022. The poll of consumers’ one-year outlook for inflation jumped to its…

President Donald Trump signed several executive orders at the start of his second term that lay out a blanket 25% tariff on Canadian goods imported into the United States, with some exceptions such as energy. Canadian energy will carry a lower tariff of 10%. The bulk of these tariffs went into effect at midnight on Tuesday, March 4, sending U.S. markets into a dramatic sell-off.It’s unclear which tariffs will last; Trump has since altered, paused or canceled some of the tariffs.The tariffs have prompted a strong response from Canadian leadership, including implementing retaliatory tariffs of 25% on $30 billion worth of…

The government on Friday officially launched the Pakistan Crypto Council (PCC), with an aim to regulate and integrate blockchain technology and digital assets into its financial landscape, according to a statement from the Finance Division. The development comes a week after the government appointed Bilal bin Saqib as the Chief Advisor to the Finance Minister for the PCC. The PCC is a government-backed initiative aimed at regulating, fostering, and integrating blockchain and cryptocurrency innovations into Pakistan’s financial and economic framework. “The Pakistan Crypto Council has officially been launched, marking a significant step in the country’s efforts to regulate and integrate…

The US dollar fell in European trade on Friday against a basket of major rivals, resuming losses and approaching five-month lows, and on track for the second weekly loss in a row.    The losses are due to concerns about a potential US recession due to mounting trade tensions, while US inflation slowed down, boosting the odds of a Fed rate cut in June.   The Index   The dollar index fell 0.25% today to 103.57, with a session-high at 104.09.   On Thursday, the index dropped 0.25% to 103.57, with a session-high at 104.09.   On Thursday, the index…

Consumer sentiment took another hit in March as worries intensified over inflation and a slumping stock market, according to the University of Michigan’s latest sentiment survey released Friday.The survey posted a mid-month reading of 57.9, which represents a 10.5% decline from February and was below the Dow Jones consensus estimate for 63.2. The reading was 27.1% below a year ago and was the lowest since November 2022. While the current conditions index fell a less severe 3.3%, the expectations measure for the future was off 15.3% on a monthly basis and 30% from the same period in 2024.In addition, fears…

Eid Al Fitr is expected to take place either on Sunday, March 30, or Monday, March 31, depending on the sighting of the moonPublic holidays in the UAE offer residents a valuable opportunity to recharge, travel or spend quality time with loved ones. With the official 2025 public holiday schedule already confirmed, it’s the perfect time to start planning your time off strategically.For both the public and private sectors, the UAE public holidays calendar for 2025 promises at least 12 days off, with an additional day depending on the length of Ramadan. These holidays bring extended weekends and potential long breaks,…

China is elevating plans to enhance how incoming goods pass through customs in the nation’s aviation clusters, with a series of upgrades that could be a boon for traders and curb transport delays.Areas of “optimisation” include air cargo clearances; faster immigration inspections; enhancements to aviation ports and public services; and the regulation of logistical costs, according to an official statement released by China Customs, the National Immigration Administration and the Civil Aviation Administration on Thursday.For Geoffrey Kao, an executive director at Hong Kong-based Wah Ming Hong, which has distributed Swiss-made Enicar watches in China for more than 40 years, the…