News from the economy, politics and the financial markets
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Chan Zuckerberg Initiative's Biohub to open new rare disease funding round
Chan Zuckerberg Initiative's Biohub will offer new grants to the rare disease community while expanding its AI drug repurposing partnership with Every Cure.
Judge blocks Trump's rule limiting federal student loans for certain grad school borrowers
A federal judge temporarily blocked Trump's limits on how much certain graduate students can borrow. That policy was set to go into effect July 1.
Supreme Court limits Roundup cancer suits against Bayer's Monsanto
Glyphosate, used in Roundup weedkiller, is the most commonly utilized herbicide in agriculture, and it has long been linked to cancer claims.
Judge says lawsuit against Trump DOJ 'anti-weaponization' fund will proceed
Acting Attorney General Todd Blanche originally set up the fund as part of a settlement of a lawsuit by President Donald Trump against the IRS.
Rafael Nadal says he won't return to pro tennis following Serena Williams' comeback
Rafael Nadal told CNBC Sport he has closed the chapter on playing pro tennis forever.
Bond ETF flows surge in hunt for yield: 'Market sniffing out something here,' says BlackRock exec
Bond investors are abandoning aggregate benchmarks in favor of a broad mix of fixed-income investments to maximize yield with the stock market on edge.
Luxury spending now driven by experiences and 'inheritourism'
While luxury goods sales are expected to grow between 1% and 4%, experiences are on track for growth of between 3% and 7% this year, according to a new report.
U.S. proposes to drop brake pedal requirements for self-driving vehicles
The NHTSA proposed to end a requirement for manual brake pedals in self-driving vehicles, a move that would make it easier to deploy such vehicles on U.S. roads.
The best personal loans of July 2026
The top personal loan lenders cater to a range of needs, from poor credit to next-day funding.
GM reveals 2027 GMC Sierra pickup with new V-8 engines, redesigned styling
The new GMC Sierra trucks are crucial to GM's sales and earnings, especially highly profitable luxury Denali and off-road AT4 models.
U.S. judge blocks Trump's mail-in voting executive order
The order followed Trump's years-long effort to undermine faith in U.S. elections, including the false claim that his 2020 loss was the result of voter fraud.
Supreme Court lets Trump end deportation protections for Syrians and Haitians
TPS allows migrants from countries stricken by war, natural disaster or other catastrophes to live and work in the U.S. while it's unsafe to return to their home countries.
Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
This beverage stock is likely to rise ahead of coffee business spinoff, Barclays says
The investment bank upgraded shares to overweight from equal weight.
Germany's Merck to buy Bio-Techne for $11.3 billion
Merck KGaA has agreed to acquire biotech firm Bio-Techne for $11.3 billion, the German science and healthcare firm said in a statement on Thursday.
Oil prices erase wartime gains as more tankers transit through Strait of Hormuz
Oil prices fell as investors bet global crude supplies will improve, as tankers stranded in the Persian Gulf for months have begun leaving the Strait of Hormuz.
Trump pledges rapid U.S. response for Venezuela after historic earthquakes kill dozens
The swift U.S. offer of assistance reflects a degree of diplomatic realignment between the Trump administration and the Venezuelan interim government.
Nasdaq futures rally as Micron surges after earnings; Wall Street awaits key inflation reading: Live updates
May's personal consumption expenditures price index reading, the Fed's preferred inflation gauge, comes out at 8:30 a.m. ET on Thursday.
Annuity options are growing in 401(k)s, but adoption remains limited
Annuity options are gaining ground in 401(k)s, amid worker concerns about retirement income and longevity risks.
Chevron CFO says gas prices will normalize after Trump presses Big Oil
Her comments come shortly after President Donald Trump ordered an investigation into Big Oil, accusing them of "gouging" consumers.
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