Novo Nordisk’s oral medication Ozempic has been shown in a recent study to lower the risk of heart attacks and strokes.
On the stock market, the Nasdaq experienced a 1.5% increase, gaining 277 points on Monday afternoon. This surge followed President Joe Biden’s announcement of his withdrawal from the presidential race on Sunday and his endorsement of Vice President Kamala Harris. The Dow Jones Industrial Average and S&P 500 also saw gains, adding 0.3% and 1.1%, respectively.
In political forecasting, the crypto betting platform Polymarket has expressed support for Harris as the Democratic presidential nominee, while PredictIt anticipates she will become the 47th president of the United States.
Meanwhile, Nvidia shares rose by 4% in afternoon trading after reports emerged that the company is developing a version of its Blackwell AI chips specifically for the Chinese market. Nvidia is expected to collaborate with local distributor Inspur to launch the chip, known as the “B20,” with shipments anticipated to begin in the second quarter of 2025. Nvidia has not commented on the matter.
Tesla’s stock surged nearly 5% a day before its earnings report, in which CEO Elon Musk is expected to discuss the delay in the company’s robotaxi unveiling. Musk indicated on social media that Tesla will have usable humanoid robots in limited production for internal use next year, with hopes for wider production by 2026.
In contrast, CrowdStrike, the cybersecurity company linked to a severe global tech outage last week, is still facing challenges from the incident. The company reported that while many of the approximately 8.5 million affected Windows devices are operational again, CrowdStrike’s stock plummeted over 13% in afternoon trading, hovering around $263.
Verizon saw its stock drop nearly 6% following the release of its quarterly earnings report, which revealed a miss in revenue expectations. The telecommunications giant’s second-quarter revenue was $32.8 billion, falling short of analysts’ predictions of $33.06 billion, while earnings per share were consistent with expectations at $1.15. The decline in upgrade rates is attributed to customers retaining their old phones for longer durations.