As summer travel season gears up, 77% of Americans expect to pack a prescription medication for the trip — but nearly half don’t check to see whether it’s even legal to bring those meds into other countries. Additionally, more than a quarter of Americans have had medications confiscated during international travel, according to a May…
AMD on Monday announced new artificial intelligence chips as it seeks to establish itself as a leader amid competition with the likes of Nvidia and Intel. https://www.cnbc.com/2024/06/03/amd-unveils-new-ai-chips-amid-rising-competition-with-nvidia-intel.html
Shares of Chinese electric-vehicle makers surged after some reported record sales in May, spurring hopes that more price cuts are around the corner as companies race to grow market share. https://www.wsj.com/articles/china-electric-vehicle-shares-rally-after-strong-sales-in-may-23a9f0aa
A federal appeals court upheld a ruling that defendants in Oregon who have been in jail for more than seven days without a defense attorney must be released from custody. The 9th U.S. Circuit Court of Appeals wrote in its 2-1 decision on Friday that Oregon’s public defense system is a “Sixth Amendment nightmare,” referring…
Oil prices were broadly steady after OPEC+ agreed to extend all production curbs into next year but also provided guidance on how it plans to unwind some of these over the coming months. https://www.wsj.com/articles/oil-falls-opec-decides-to-phase-out-some-output-cuts-9ae6cc9a
Stock gauges in India hit intraday record highs, with the Nifty 50 index rising about 3% and the S&P BSE Sensex Total Return index last up about 2.6%. https://www.cnbc.com/2024/06/03/india-stocks-hit-record-intraday-highs-as-exit-polls-predict-a-decisive-modi-win.html
French government bonds traded slightly higher after S&P lowered France’s credit rating by one notch to AA- from AA, with a stable outlook, in a move that markets had seen as a possibility. https://www.wsj.com/articles/jgbs-edge-higher-amid-mild-relief-boj-kept-bond-buying-amounts-738569af
Trump, who once tried to ban TikTok, joined the social-media platform and posted a 13-second clip of himself at an Ultimate Fighting Championship event in Newark, N.J. https://www.wsj.com/tech/donald-trump-joins-tiktok-years-after-trying-to-ban-the-app-431b5cad
Shares of GenScript Biotech plunged in Hong Kong amid concerns that the company could face U.S. scrutiny due to alleged ties with the Chinese government. https://www.wsj.com/articles/genscript-biotech-shares-drop-after-u-s-lawmakers-scrutinize-chinese-ties-fadee581
Indian Prime Minister Narendra Modi appears set to win a third term, while South Africa’s ruling African National Congress lost its 30-year parliamentary majority. https://www.cnbc.com/2024/06/03/cnbc-daily-open-nvidias-new-chip-gamestop-soars.html