Shares of commercial bank giants were lower in midday trading, with Wells Fargo pulling back 2.3% while JPMorgan fell 2.2%. Both stocks have been under pressure in line with broader financial sector turmoil this month.
The pharmaceutical stock fell about 4% after Incyte announced that the Food and Drug Administration had informed the company that the regulator would not approve an application for a new blood cancer drug tablet in its current form.
Not strange after a 79% decline for most of them. What is going down is most of time were going up. But, the global economy shall struggle a very, very long time all rested to the war in Ukraine but also about the global powershifts. Middle East shall prosper by this all !
Yellen announcing: 'NEW CBDC injection to shore up small banks. Today the FED Announced the start of CBDC, this will guarantee all small bank deposits over 250k are insured. We have worked hard too blah,blah, blah'
Real price discovery would have them down an additional 30%. When ypu have so few billionaires controlling the market pricing with help of Blackrock, PPT, no wonder America is dying
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