China’s Xi urges faster development of new energy system as Middle East war continues

China’s Xi urges faster development of new energy system as Middle East war continues

Chinese President Xi Jinping attends a meeting with Russian President Vladimir Putin and Mongolian President Ukhnaagiin Khurelsukh in Beijing, China Sept. 2, 2025. Sergey Bobylev | Via Reuters Chinese President Xi Jinping has called for accelerated planning and construction of a new energy system ​to safeguard the country’s energy ​security, weeks into the Iran ​war…

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Bank of America downgrades Carvana. Why the stock’s recent dip isn’t a buying opportunity

Bank of America downgrades Carvana. Why the stock’s recent dip isn’t a buying opportunity

Returns for Carvana are likely to moderate following the used-car stock’s dizzying rallies in recent years, largely due to a combination of macroeconomic headwinds, according to Bank of America. The bank downgraded Carvana to neutral from buy, and lowered the stock’s price target to $360 from $400, which still implies nearly 15% upside from Thursday’s…

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Neurocrine expands into metabolic diseases with .9 billion Soleno buyout

Neurocrine expands into metabolic diseases with $2.9 billion Soleno buyout

Piotr Swiat | Lightrocket | Getty Images Neurocrine Biosciences will acquire rare-disease drugmaker ⁠Soleno Therapeutics for $2.9 billion in cash, the companies said on Monday, marking the neuroscience-focused ​drugmaker’s expansion into ​metabolic disorders. The deal ​gives Neurocrine access to Vykat XR, the first drug approved in the U.S. to treat hyperphagia associated with Prader-Willi syndrome,…

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5 things to know before the bell Monday

5 things to know before the bell Monday

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Monday. My alma mater is in tonight’s March Madness championship game. While I’m not a big sports person, I have too many friends whose brackets depend on this game to not mention the Wolverines. S&P 500 futures are higher this morning…

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JPMorgan CEO Jamie Dimon annual letter cites risks in geopolitics, AI, private markets

JPMorgan CEO Jamie Dimon annual letter cites risks in geopolitics, AI, private markets

Jamie Dimon, Chairman and CEO, JPMorganChase, speaks during the Reagan National Defense Forum at the Ronald Reagan Presidential Library in Simi Valley, California, U.S. December 6, 2025. Jonathan Alcorn | Reuters JPMorgan Chase CEO Jamie Dimon is calling for a broad recommitment to American ideals as his bank navigates geopolitical uncertainty, a teetering economy and…

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