US is the best place for drug companies to invest, says boss of London-based GSK

Global electric vehicle (EV) sales growth has slowed to its lowest rate since February 2024, primarily due to a plateau in the Chinese market and recent policy changes in the United States. This decline reflects a significant shift in consumer demand and market dynamics, particularly in China, where car sales have also seen a notable decrease.

In the current frenzy of China's IPO market, only 0.02% of stock bids are being awarded, making it increasingly difficult for investors to secure shares in new listings. This situation reflects a significant shift in market dynamics, where demand far exceeds supply, leaving many investors frustrated and disillusioned.

Gold prices have steadied after three consecutive days of gains, buoyed by expectations of further monetary easing in the US following a recent interest rate cut by the Federal Reserve. Silver has also been trading near record highs, reflecting strong market sentiment.

The U.S. military has seized a sanctioned oil tanker off the coast of Venezuela, a move confirmed by President Donald Trump. This operation is part of a broader strategy aimed at increasing pressure on the Venezuelan government led by Nicolás Maduro, amidst ongoing tensions in the region.

The U.S. is reportedly preparing to seize additional oil tankers off the coast of Venezuela following the recent seizure of a ship, which has heightened tensions between the two nations. This action reflects ongoing U.S. military operations aimed at curbing Venezuelan oil exports amid a backdrop of political instability in the country.

Mexico has enacted tariffs of up to 50% on Chinese goods, a move that has sparked significant backlash from Beijing. This decision comes as lawmakers target countries with which Mexico lacks trade agreements, specifically focusing on China amidst ongoing trade tensions.

China's Communist Party leadership has expressed concern over declining investment levels, pledging to stabilize this crucial driver of economic growth. This acknowledgment comes amid ongoing economic challenges, including disappointing earnings and a contracting manufacturing sector.

US wholesale inventories experienced a significant rebound in September, indicating a recovery in stock levels after previous declines. This uptick suggests improved supply chain conditions and may reflect increased consumer demand as businesses prepare for the upcoming holiday season.