CareDx surged 35% after Medicare finalized coverage for transplant rejection tests, unlocking a major revenue opportunity. AtaiBeckley soared 33% following Eli Lilly's $3.8B acquisition, while Abbott raised its outlook and Apollomics extended its weekly rally to over 60% on its cancer drug candidate.
Source: rttnews.com · finanznachrichten.de
Despite nearly 66% of S&P 500 stocks climbing, the index posted its second losing week in 13 as heavy selling in AI megacaps like Micron completely negated the broad market rally. Oil prices dropped to pre-Iran crisis levels, boosting transportation and healthcare stocks, while Eli Lilly soared 7.1% on European drug approvals.
Artificial intelligence stocks faced intense selling pressure on June 26, with Micron Technology plunging 6.7% despite its stock roughly quadrupling this year, highlighting growing investor skepticism about the sustainability of AI-driven valuations. The broad sell-off in AI names single-handedly dragged the S&P 500 to its second losing week in 13, even as most other stocks rose.
Source: pottsmerc.com · journal-advocate.com