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Psychedelic Stocks Soar After Trump Order; RBC Says Commercialization Path Could Accelerate
Psychedelic Stocks Soar After Trump Order; RBC Says Commercialization Path Could Accelerate
Psychedelic drug stocks soared in premarket trading in New York after President Trump signed an executive order aimed at accelerating research and expanding access to therapies used for post-traumatic stress disorder (PTSD).
"The executive order I'm signing, we're actually signing the executive order today, is really a moment," Trump said at the signing event. "These treatments are currently in the advanced stages of clinical trials to ensure that they're both safe and effective for the American patients."
President Trump...
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Jun 3, 2026 / Tyler Durden
ADP Reports US Economy Added The Most Jobs In 16 Months In May
ADP Reports US Economy Added The Most Jobs In 16 Months In May
Following a shockingly strong JOLTS report, ADP just reported a stronger than expected rise in jobs added in May.
ADP says 122k jobs were added in May - better than the 120k expected - and the biggest monthly addition since January 2025
Source: Bloomberg
"Hiring was more broad-based in May than we've seen in the last few years," said Dr. Nela Richardson, Chief Economist, ADP.
"The labor market continues to show sustained momentum going into the summer hiring season."
Small businesses added...
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May 16, 2026 / Jason Ditz
Lebanon Ceasefire Extended 45 Days, Israel Attacks Medical Center, Killing Paramedics
Multiple days of negotiations in Washington D.C. have ended with Israel and Lebanon extending their ceasefire for an additional 45 days. Underscoring that Lebanese officials failed to get any assurances about the ceasefire working any better than it was before, Israel immediately attacked a medical center in southern Lebanon. The US promised to proactively faciliate […]
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May 29, 2026 / Tyler Durden
Futures Hit Another Record High After Pricing In Same "Iran Deal" Every Day For The Past Month
Futures Hit Another Record High After Pricing In Same "Iran Deal" Every Day For The Past Month
US equity futures are higher, continuing their slow motion-gamma squeeze into record territory, as traders waited to see whether America and Iran could finally get the peace deal they have already priced in every single day for the past month. As of 8:00am ET, S&P futures are up 0.1%, and poised to rise for the ninth consecutive week, the best streak since 2023; Nasdaq futs also have modest gains. In the pre-market, Mag 7...
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