USO new highs ah
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Elon Musk says one billion robots could reshape AI
Musk says robots could be five times more productive than a human and could start manufacturing other robots, creating a recursive manufacturing effect.
Oil rises after U.S. strikes on Iran-linked targets
Oil is rising after the U.S. struck two rocket launchers on Larak Island, with traders also reacting to hawkish comments from Warsh and broad early selling in stocks.
U.S. PCE data and Nvidia earnings due tomorrow
U.S. PCE inflation data, personal income and spending, GDP and durable orders are scheduled for tomorrow, while Nvidia earnings are due after the close.
Moderna, Merck cancer vaccine hits key Phase 3 endpoints
Moderna and Merck say their personalized mRNA cancer vaccine intismeran with Keytruda met key endpoints in a Phase 3 melanoma trial, cutting recurrence and distant metastasis versus Keytruda alone.
Anthropic revenue jumps 14x; AI stock flows strengthen
Anthropic’s revenue increased 14x in Q2 from a year ago to $11.5B, while the piece also flags a Chinese AI system targeting Nvidia’s CUDA moat and mixed early money flows in major tech names.
US Posts In-Line CPI Data
US CPI comes in at 0.1% vs 0.1% consensus, with core CPI at 0.2% vs 0.2% consensus