
This Biotech Wins a Big FDA Approval. Why Wall Street Is Shrugging.
Ionis Pharmaceuticals wins regulatory clearance for its quarterly injection, Zanvastro, in Alexander disease. Analysts are focused elsewhere.
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Ionis Pharmaceuticals wins regulatory clearance for its quarterly injection, Zanvastro, in Alexander disease. Analysts are focused elsewhere.

The president needs lower gasoline prices and mortgage rates — fast.

WTI reached $93 during another strong week as Persian Gulf risks and supply constraints kept crude oil supported. Brent is also threatening $95, although headline-driven volatility leaves both markets vulnerable to sharp reversals.

Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than "Bloomberg Surveillance.

The US economy added far more jobs than expected in August, a result that reset market expectations for the Federal Reserve's September 16 meeting and reignited debate over how far artificial intelligence is reshaping who gets hired. Nonfarm payrolls rose by 162,000, well above economists' expectations for a 55,000 increase.

Crude oil prices remain elevated around $90, and AAA says national average diesel prices are at record highs. Paul Gooden says only "part of the pain" from the Strait of Hormuz volatility is actually being seen in oil prices and instead affecting refinery factors more.

Rising interest rates typically end stock-market booms, as they did in 1987, 1994, 2000 and 2008.

AI token prices are collapsing, but compute demand and application value remain robust amid deflationary pressures. Volume growth in AI usage has outpaced price declines, but monetization per compute unit is under pressure.

White House National Economic Council Director Kevin Hassett reacts to the August US employment report and says the Trump administration respects the independence of the Federal Reserve.

Nasdaq flipped lower after 162,000 August jobs sent Fed hike odds to 58%, pushing yields higher and breaking Thursday's rate-relief rally.

Ouster is broadening beyond lidar into AI, robotics, and smart infrastructure via Rev8, Stereolabs, and BlueCity, expanding growth opportunities but complicating valuation. Q2 2026 revenue rose 56% to $55M, but gross margin was inflated by a one-off; underlying profitability remains elusive, with break-even expected only by 2028. At $35, OUST trades at ~69x 2028E EPS; even optimistic 2031 scenarios yield only moderate annual returns, making the current risk/reward unattractive.

Lower growth assumptions and weaker stocks would enhance the appeal of bonds, says equity-market strategist and “Flow Show” author.

U.S. natural gas futures continued trending higher while alternating between gains and losses from one day to the next.

President Donald Trump demanded that the Fed slash interest rates or else he will cut off trade with countries with which the U.S. maintains trade deficits.

Chip suppliers at the annual SEMICON Taiwan event are bullish about the prospect of a continued AI buildout. Bloomberg's Chief North Asia Correspondent Stephen Engle reports from Taipei and explains how some firms are predicting the sector's current "super cycle" will last until 2030.