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News articleNasdaq· March 3, 2026

Stocks Settle Lower on Iran War Anxiety

View original at nasdaq.com
Stocks Settle Lower on Iran War Anxiety The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.94%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.83%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.09%…
Opening lines of the source · Nasdaq · short snapshot — read the full document at the original

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  • Additional Fed interest rate cuts will be warranted if inflation slows further once most of tariff impact has passed

    80% confidence

  • Real-time risk premium for crude oil is $18/bbl, corresponding to impact of six-week full halt to tanker traffic in Strait of Hormuz

    80% confidence

  • US Navy will begin escorting tankers through Strait of Hormuz as soon as possible if necessary

    80% confidence

  • Combat operations against Iran could last for weeks until all objectives completed

    80% confidence

  • Inflation has been above Fed's objective for nearly five years, so no room to be complacent

    80% confidence

  • S&P 500 earnings growth expected to climb 8.4% in Q4, marking tenth consecutive quarter of year-over-year growth

    80% confidence

  • Iran will set fire to any ship attempting to pass through Strait of Hormuz

    80% confidence

  • Excluding Magnificent Seven megacap tech stocks, Q4 earnings expected to increase 4.6%

    80% confidence

  • Ordered US Development Finance Corporation to provide political risk insurance and guarantees for maritime trade through Gulf at reasonable price

    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
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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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