BIIB

Tech Stocks Surge Amid AI Euphoria; Bristol Myers

by
Tech Stocks Surge Amid AI Euphoria; Bristol Myers

Tech stocks led a rally in U.S. markets on Thursday, buoyed by excitement over advancements in artificial intelligence (AI). Alphabet (GOOG, Financial) (GOOGL, Financial) shares jumped following the unveiling of its new Gemini large language model, which is expected to power Google’s AI chatbot, Bard. This move positions Google as a key player in the … Read more

Sage Stock Sinks After FDA Decision on Depression Drug

by
Sage Stock Sinks After FDA Decision on Depression Drug

A split Food and Drug Administration decision on a new depression medicine from Sage Therapeutics and Biogen blew holes in the strategies of both companies and raised questions about the future of their collaboration. Late on Friday, the FDA approved a two-week course of the pill Zurzuvae as a treatment for postpartum depression, but not … Read more