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News articleYahoo Finance· December 4, 2025

Stock market today: Dow, S&P 500, Nasdaq end little changed as Wall Street's Fed rate cut conviction runs high

View original at finance.yahoo.com
Stock market today: Dow, S&P 500, Nasdaq end little changed as Wall Street's Fed rate cut conviction runs high US stocks closed mixed on Thursday as Wall Street digested fresh jobs data, with traders increasingly baking in expectations that the Federal Reserve will deliver a December rate cut…
Opening lines of the source · Yahoo Finance · short snapshot — read the full document at the original

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  • Some senior bond market participants would have preferred Rick Rieder or Christopher Waller as Fed chair candidates, seen as more independent from Trump than Hassett

    80% confidence
  • Traders pricing in 87% probability of 25 basis point rate cut on Thursday afternoon, down from 90% on Wednesday but up from 83.4% a week ago

    80% confidence
  • US Treasury solicited feedback on Hassett and other Fed chair candidates in conversations with major Wall Street banks, asset management giants and big debt market players

    80% confidence
  • Traders pricing in 89% probability of Fed rate cut in December

    80% confidence
  • Netflix argued that bundling its offerings with HBO would help lower costs for consumers

    80% confidence
  • Sentiment toward food retailers seems to have soured a bit over the past few months, including for Kroger

    80% confidence
  • Bond investors told US Treasury they are concerned about Kevin Hassett's potential appointment as Fed chair, worrying he will cut rates aggressively to please Trump

    80% confidence
  • Five Below has seen really nice traffic growth and growth in both new customers as well as retention

    80% confidence
  • Trump called Jerome Powell a 'stubborn mule' for the central bank's decision to only modestly lower borrowing costs this year

    80% confidence
  • Growth driven by expansion of value concept; roughly 80% of assortment is $5 and below with focus on value at $7, $10, $15

    80% confidence
  • K-shaped economy may hold up despite having investors on edge

    80% confidence
  • The consumer and competitive environment has grown notably tougher for food retailers

    80% confidence
  • Mark Zuckerberg planning to cut up to 30% of Meta's metaverse budget

    80% confidence

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Pharma Pipeline Catalysts and M&A Heat Up as AI-Designed Drugs Enter the Clinic
Late-September 2026 brought a dense run of clinical readouts: Novo Nordisk's CagriSema data at EASD, Lilly's ADtouch results for EBGLYSS, and Merck's tulisokibart Phase 2b result. Lilly's $2.9B Merida Biosciences acquisition and the 2026-11-14 FDA PDUFA date for ivonescimab sit alongside these as the main deal and regulatory events. AI-designed drugs such as rentosertib, and speculative AI-linked trial ventures such as QAIAx, are moving from hype toward clinical validation. Broader AI-sector regulatory and legal friction (Tesla Cybercab probe, xAI Minnesota ruling, OpenAI lawsuits) shows rising scrutiny that could spill into AI-driven healthcare.
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Satellite-Terrestrial Network Integration Acceleration
Increased investment and launches in hybrid satellite-cellular networks across telecom industry; competitive responses from other carriers; regulatory activity around satellite spectrum; expansion of emergency/rural connectivity use cases
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Apple Inc.
The observation date (2025-12-27) precedes Q1 2026, making it logically impossible to have actual Q1 2026 cash data at that point. Q1 2026 would not end until March 31, 2026. Additionally, the magnitude of the difference ($45.3B vs $132.42) is implausibly large even as a normal quarterly change for Apple. While different fiscal periods can show different values, the timing relationship here suggests a data integrity issue rather than legitimate period-over-period variation.
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