Today: 17 April 2026
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  • Kailera Therapeutics Raises $625M in Largest Biotech IPO Since 2018 to Advance Obesity Pipeline
    April 17, 2026, 5:53 AM EDT. Kailera Therapeutics has raised $625 million in its initial public offering (IPO), marking the largest biotech IPO since Moderna's 2018 debut. The Waltham, Massachusetts-based company sold 39 million shares priced at $16 each on the Nasdaq under the ticker KLRA. Funds will chiefly support development of obesity therapies, including injectable and oral GLP-1 drugs licensed from Jiangsu Hengrui Pharmaceuticals. Kailera plans to invest $625 million in late-stage trials for ribupatide, which showed nearly 18% weight loss in China. Additional money will back phase 3 studies of a daily oral version and other pipeline assets. The company may raise another $93 million if underwriters fully exercise their option. Led by CEO Ron Renaud, Kailera aims to compete in the expanding obesity treatment market with a deep late-stage portfolio.

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Gold Price Today Near $4,784 as Weaker Dollar Keeps Bullion on Track for Fourth Weekly Gain

Gold Price Today Near $4,784 as Weaker Dollar Keeps Bullion on Track for Fourth Weekly Gain

17 April 2026
Gold hovered near $4,784 an ounce Friday, set for a fourth weekly gain despite easing 0.1% by 0815 GMT. A 10-day Lebanon-Israel ceasefire and possible U.S.-Iran talks kept investors watching for diplomatic progress. Indian gold imports stalled as banks await new government authorization, leaving over 5 tons stuck at customs. Spot silver rose 0.7% to $78.97, platinum held steady, and palladium slipped 0.1%.
UK Stock Market Today: FTSE 100 Slips as Oil Cushions London Shares, Workspace Tumbles

UK Stock Market Today: FTSE 100 Slips as Oil Cushions London Shares, Workspace Tumbles

17 April 2026
London’s FTSE 100 fell 0.18% to 10,570.49 on Friday, trailing gains in Paris and Frankfurt as investors grew cautious ahead of Iran conflict talks. Workspace shares plunged 14% after warning of lower 2027 profits. Tesco, easyJet, and Dunelm flagged pressure from the conflict and consumer pullback. Brent crude hovered near $98, supporting oil stocks but keeping broader sentiment fragile.
US Stock Market Before Open Today: S&P 500 Futures Hold Near Records as Oil Falls and Netflix Slumps

US Stock Market Before Open Today: S&P 500 Futures Hold Near Records as Oil Falls and Netflix Slumps

17 April 2026
U.S. stock futures were steady early Friday, with the S&P 500 near record highs as oil fell below $100 on hopes for renewed U.S.-Iran talks. Netflix shares dropped after weak guidance and news that chairman Reed Hastings will not seek re-election. The Nasdaq closed at a record for a 12th straight session Thursday. Treasury yields held near 4.32% as markets bet the Federal Reserve will stay on hold this year.
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