JPMorgan’s top biotech and pharma picks for the second half

Biopharmaceutical stocks’ underperformance versus the broader market for a third straight year is an opportunity for investors, according to JPMorgan. Analyst Chris Schott said in the firm’s June outlook for biopharma that the sector’s poor performance can be traced back to concerns over President Donald Trump’s tariffs and his ” most favored nation ” executive…

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Trump states withholding federal payments

Christian Hartmann | Reuters Democratic legislators mostly in blue states are attempting to fight back against President Donald Trump’s efforts to withhold funding from their states with bills that aim to give the federal government a taste of its own medicine. The novel and untested approach — so far introduced in Connecticut, Maryland, New York and Wisconsin — would essentially allow states…

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Andrew Cuomo concedes the New York City mayoral primary to Zohran Mamdani, who leads in the first-choice vote

New York City mayoral candidate and democratic State Representative Zohran Mamdani (L) and New York City mayoral candidate Andrew Cuomo (R). Angela Weiss | Afp | Getty Images State Assemblyman Zohran Mamdani is the leader as first-choice votes are tallied in the New York City Democratic mayoral primary, ahead of former New York Gov. Andrew…

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