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Stocks in Asia were poised to advance to a fresh record on Wednesday, while Treasuries climbed after weak retail sales bolstered the case for the Federal Reserve to lower rates this year.
President Donald Trump said he’s ready to maintain his tariffs through other avenues, as he talked about the possibility of the Supreme Court ruling against those import taxes.
Lyft's stock tumbled after the ride-sharing company posted disappointing fourth-quarter results.
The rise of prediction markets is just the latest step of the institutionalization of the gambling world which continues to take professional gamblers away from traditional sports books. Bloomberg’s Ira Boudway has more. (Source: Bloomberg)
Jump Trading is set to gain small stakes in Kalshi Inc. and Polymarket in exchange for providing liquidity on the prediction-market platforms, according to people with knowledge of the matter. Bloomberg's Katherine Doherty has the story. (Source: Bloomberg)
Jim Davis, Quest Diagnostics CEO, discusses how chronic disease management and consumer health testing are driving growth in the lab testing industry. He tells Katie Greifeld and Scarlet Fu on “The Close” that cancer testing accounts for about $1 billion of the company’s $11 billion portfolio. (Source: Bloomberg)