Saudi Airstrike in Yemen Kills Family of Six, Including Four Young Children: Health Ministry

HIMS Shares Plunge As Pivot To Branded GLP-1s Weighs On Outlook Hims & Hers shares tumbled in premarket trading in New York, the most in three months, after the company posted a first-quarter loss and revenue that missed analyst estimates tracked by Bloomberg, as costs rose amid a massive pivot from selling copycat GLP-1 drugs toward branded obesity drugs from Novo Nordisk and Eli Lilly. Revenue for the first quarter came in at $608 million versus the $617.5 million Bloomberg Consensus estimate, while the telehealth firm swung to a loss of...

Core Durables Goods Surge For 12th Straight Month, Push Bond Yield Higher After a recent string of 'soft' survey data, this morning we get some 'hard' data and it was far stronger than expected. Preliminary headline durable goods orders for March rose 0.8% MoM (better than the 0.5% MoM exp), and the first increase after a three month decline to start the year (which was the first 3-month decline since Nov 2019). The increase took place despite continued weakness in aircraft orders manifesting as a 21.1% drop in nondefense aircraft and parts...

Washington is considering a smaller military footprint in the Middle East after the Iran war.  The Washington Post reports speaking with eight officials who said that the extensive damage to US bases in the Middle East caused by Iran has given the White House a once-in-a-generation opportunity to pull back US forces from the Middle […]