Business
U.S. Considers Allowing Drug Licensing, Chinese Biopharma Stocks Rally
Hong Kong drug stocks jumped after a report the U.S. Treasury is drafting rules to let American firms license or invest in most Chinese drug programs.
Borrowing Costs Rise as 10-Year Treasury Nears 5%
The 10-year Treasury yield sits around 4.96%, pushing mortgage and corporate borrowing costs higher and shifting market risk depending on the cause.
10-Year Treasury Clearing 4.8% Would Force Market Repricing
A sustained break above 4.8% on the 10-year would force repricing across long-duration bonds, growth stocks and other sensitive assets.
Trump Becomes First Living President On US Coin In A Century
The US Mint issued a $1 commemorative coin of Donald Trump, the first living president on US currency in a century. Rolls cost $61; bags $154.50.
10-Year Treasury Yield Hits 4.788%, Raising Borrowing Costs Nationwide
The 10-year Treasury yield rose to 4.788%, the highest since Jan. 14, 2025, as Middle East tensions and stronger oil prices rekindled inflation fears.
Treasury, IRS Move to Bar Refundable Tax Credits for Some Immigrants With Work Authorization
Proposal would block refundable portions of four tax credits for many noncitizens with Social Security numbers and work authorization.