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Vertex Pharmaceuticals has agreed to acquire Alpine Immune Sciences for $4.9 billion in cash, bolstering its portfolio on kidney diseases as deals in biotechnology continue to heat up.

Costco saw a 9.4% sales boost the five weeks through April 7, driven by a surge in e-commerce activity. .

Shares of Honest Co. fell Wednesday after it lost rights to use the name and likeness of founder Jessica Alba.

Rent the Runway Inc. on Wednesday said it expected breakeven free cash flow this year, following cost cuts and signs of a revival in shoppers’ enthusiasm.

Investors are abandoning bets that the Federal Reserve will cut interest rates three times in 2024, removing a critical safety net for stocks.

Inflation is remaining hotter than expected for longer than the Federal Reserve would like — and policy makers may have no one to blame but themselves, according to one economist.

Nvidia’s $2.2 trillion market cap, once seen as “unfathomable,” could head even higher, according to Morgan Stanley.

Cattle producers fret about market transparency after USDA cancels its July cattle report due to budget constraints.

Uniswap Labs has received a notice from the Securities and Exchange Commission that it will soon be charged with violating federal securities laws, its CEO Hayden Adams said in a post on X Wednesday.

“You have to take seriously the possibility that the next rate move will be upwards rather than downwards.”

The U.S. economy is still hot, which means that the real-estate industry will face headwinds in the coming months due to higher mortgage rates.

U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida faced questions on the proposed $14 billion buyout at joint news conference.