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AstraZeneca shares on European trading fell 9% after a late-stage trial of WAINUA, a treatment for neurological disorders, failed to meet expectations.

2026-07-09

AstraZeneca shares on European trading fell 9% after a late-stage trial of WAINUA, a treatment for neurological disorders, failed to meet expectations.

Other News
2026-07-09

CNN, citing a US official, reports Trump decided Wednesday night to order a new round of strikes on Iran, partly because the Strait of Hormuz had not fully reopened and because Iran attacked vessels transiting the strait while he was at the NATO summ

CNN, citing a US official, reports Trump decided Wednesday night to order a new round of strikes on Iran, partly because the Strait of Hormuz had not fully reopened and because Iran attacked vessels transiting the strait while he was at the NATO summit. The official said the timing — an attack while Trump met other leaders — particularly provoked him; Trump said he had lost patience with the pace of nuclear talks, accused Tehran of lying and breaking agreements, and called the nuclear issue '99.9%' of his work.
2026-07-09

US and South Korean memory chip stocks and chipmakers have long outperformed the broader market, but this trend is now undergoing a sharp reversal. As of Wednesday's close, many major companies in the sector had fallen into bear market territory, dow

US and South Korean memory chip stocks and chipmakers have long outperformed the broader market, but this trend is now undergoing a sharp reversal. As of Wednesday's close, many major companies in the sector had fallen into bear market territory, down more than 20% from recent highs. Here are the factors contributing to the sector's pressure: 1. AI companies' best performance may not satisfy the market – Despite Samsung reporting record profits and impressive growth forecasts, it failed to win over investors; investors sold off related stocks, staging a classic "sell the news" scenario. The market remains concerned about companies over-investing in AI infrastructure. 2. Escalating geopolitical tensions – Trump's latest move to halt the US-Iran memorandum has exacerbated market anxiety about AI deals. If the conflict continues and inflation concerns resurface, the hottest sector in AI trading could see further declines. 3. A reversal triggered by sector rotation – With AI hyperscale cloud service providers lagging behind memory chip manufacturers in stock returns, a growing number of Wall Street strategists are beginning to anticipate a reversal of this trend. Morgan Stanley's chief investment officer and chief U.S. equity strategist, Mike Wilson, predicted on Monday that chipmaker stocks would correct, a prediction that has proven prescient; he now forecasts a return of funds to the hyperscale cloud service provider sector. While chipmaker stocks are nearing their highs, some hyperscale cloud service provider stocks appear quite cheap.
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