Trending ticker: Pharma companies seek to help combat COVID-19
In this article:
Yahoo Finance’s Brian Sozzi and Alexis Christoforous break down the market action for Gilead Sciences, Vir Biotechnology, and Regeneron Pharmaceuticals.
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U.S. economic growth likely slowed to a still-solid pace in the first quarter while inflation accelerated, reinforcing financial market expectations that the Federal Reserve would delay cutting interest rates until September. The Commerce Department's snapshot of first-quarter gross domestic product on Thursday is expected to show consumers still doing the heavy lifting for the economy, thanks to a resilient labor market. The economy has defied prophecies of doom since late 2022 following the U.S. central bank's aggressive rate hiking campaign to snuff out inflation.
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