Today: 8 July 2026

AbbVie stock rises as India rejects Venetoclax patent bid; ABBV traders eye Feb. 4 earnings

AbbVie stock rises as India rejects Venetoclax patent bid; ABBV traders eye Feb. 4 earnings

New York, Jan 23, 2026, 15:06 EST — Regular session AbbVie Inc. shares rose about 0.6% on Friday after an Indian report said the country’s patent office rejected the drugmaker’s bid to patent venetoclax, a blood-cancer treatment sold as Venclexta. The stock was up 0.6% at $219.33 in afternoon trade, even as the Health Care Select Sector SPDR Fund fell about 0.6%.
23 January 2026
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Ergo founder John Purdy dies at 63, just after Presidio closes takeover

Ergo founder John Purdy dies at 63, just after Presidio closes takeover

John Purdy, the entrepreneur behind Irish IT services company Ergo, has died at 63, the Irish Independent reported Friday. His passing occurred just one day after U.S. tech services firm Presidio finalized its takeover of the Ireland-based group, MarketScreener data shows. The timing is crucial as Ergo has recently changed hands, while Presidio aims to expand its European footprint from Ireland and the UK. For Dublin’s tech scene, this adds a very tangible human dimension to an already closely watched deal.
23 January 2026
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Apple stock slips as China discounts and memory-chip costs sharpen focus on next week’s earnings

Apple stock slips as China discounts and memory-chip costs sharpen focus on next week’s earnings

NEW YORK, Jan 23, 2026, 14:54 ET — Regular session Apple Inc shares edged down roughly 0.3% to $247.71 in Friday’s afternoon session, as investors weighed new reports of discounting in China alongside growing concerns over rising component costs ahead of next week’s earnings. During the session, the stock fluctuated between $244.73 and $249.40.
23 January 2026
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Gold races toward $5,000 as Ray Dalio warns of ‘capital wars’ and dollar strain

Gold races toward $5,000 as Ray Dalio warns of ‘capital wars’ and dollar strain

DAVOS, Switzerland, January 23, 2026, 20:49 CET Gold hit a fresh record on Friday, with silver breaking the $100 an ounce mark for the first time, driven by a surge in safe-haven demand amid geopolitical tensions and expectations of U.S. rate cuts. Spot gold gained 1.2% to $4,988.17 after peaking at $4,993.02. Silver hovered around $100.47, having reached $100.94 earlier, per the day’s trading figures. “This is safe-haven buying being extrapolated into something much bigger,” said Philip Newman, managing director at Metals Focus.
23 January 2026
Silver breaks $100 as gold nears $5,000 — what’s driving the record precious-metals run

Silver breaks $100 as gold nears $5,000 — what’s driving the record precious-metals run

Silver broke past $100 an ounce on Friday, hitting a new record as gold climbed further into untested levels, nearing the $5,000 mark. The rush into safe-haven metals has broadened beyond gold, sparking a cross-metal rally. CP24 The shift is significant as investors increasingly view precious metals not just as a trade but as a safeguard, driven by renewed geopolitical tensions and policy uncertainty. The prospect of U.S. interest rate cuts has played into this too: lower rates make holding non-yielding bullion less costly in terms of forgone interest.
23 January 2026
Pfizer stock slips on ex-dividend day — what to watch ahead of Feb. 3 earnings

Pfizer stock slips on ex-dividend day — what to watch ahead of Feb. 3 earnings

New York, January 23, 2026, 14:26 EST — Regular session Pfizer shares dropped roughly 1.9% to $25.62 Friday afternoon, underperforming the health-care sector as the stock went ex-dividend. The Health Care Select Sector SPDR Fund dipped about 0.5%, while the SPDR S&P 500 ETF Trust inched up around 0.1%. Merck slipped about 1%, and Moderna tumbled over 7%. Trading volume for Pfizer hit roughly 24.8 million shares.
23 January 2026
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Citigroup stock price slips after Reuters reports fresh March layoffs, with Fed decision looming

Citigroup stock price slips after Reuters reports fresh March layoffs, with Fed decision looming

NEW YORK, Jan 23, 2026, 14:27 — Regular session Shares of Citigroup dropped 1.7% to $113.71 on Friday afternoon, sliding as low as $113.22 and ending the day down $1.95. The decline followed a Reuters report that the bank plans additional layoffs in March, after cutting about 1,000 jobs this month. The next wave is expected to target managing directors and other senior roles. CFO Mark Mason told analysts, “We have been reducing headcount and expect that trend to continue,” projecting the workforce will shrink to 226,000 by the end of 2025, down from 240,000 in 2022, following $800 million spent on severance last year.
23 January 2026
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Stock Market Today

  • Knack Packaging Opens 10% Higher in NSE Debut
    July 8, 2026, 1:34 AM EDT. Shares of Knack Packaging started trading at ₹188 on the NSE, up 10.5% from its IPO price of ₹170. Demand for the ₹439.5 crore IPO was high, with the offer oversubscribed by 83.33 times from both institutional and retail buyers. The company is raising money for a new manufacturing plant in Gujarat and for general corporate needs. Some market watchers pointed to risks like customer concentration and execution of the new plant, but said holders should keep shares with a stop-loss at ₹175. They cited growth in revenue, better margins, and the company's integrated plant as upsides. Ahmedabad-based Knack Packaging makes custom woven polypropylene bags for food and pet industries.
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