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Pfizer shares fell 1.4% in premarket trading after the company said Chief Financial Officer Dave Denton will resign.

2026-06-18

Pfizer shares fell 1.4% in premarket trading after the company said Chief Financial Officer Dave Denton will resign.

Other News
2026-06-18

Nearly half of Federal Reserve policymakers no longer believe that holding borrowing costs steady would be sufficient to bring inflation back to 2% if oil prices spike after a war involving Iran. The Fed's latest dot plot shows views on the rate path

Nearly half of Federal Reserve policymakers no longer believe that holding borrowing costs steady would be sufficient to bring inflation back to 2% if oil prices spike after a war involving Iran. The Fed's latest dot plot shows views on the rate path shifting from how long to hold rates before cuts to growing concern about the need for additional hikes; some officials now expect rate increases. Wednesday's projections revised inflation sharply higher since March: median PCE YoY is now seen at 3.6% by year-end (March: 2.7%), median core PCE YoY at 3.3% (March: 2.7%). Median year-end unemployment is 4.3% — matching May's reading and below March's 4.4% — indicating policymakers increasingly see the labor market as not weakening and reducing the case for rate cuts.
2026-06-18

MIIT and six other ministries issued an action plan directing Chinese platform enterprises to deploy patient capital into hard-tech, prioritizing early-stage, small-scale and long-term investments. The plan backs qualified regions to build SME incuba

MIIT and six other ministries issued an action plan directing Chinese platform enterprises to deploy patient capital into hard-tech, prioritizing early-stage, small-scale and long-term investments. The plan backs qualified regions to build SME incubators and establish a tiered cultivation system for high-quality platform-economy firms, aiming to nurture tech- and innovation-oriented SMEs, specialized 'little giant' manufacturers, manufacturing single-champion firms and high-tech enterprises. It calls for improved monitoring and services for gazelle and unicorn firms and accelerated cultivation of AI one-person companies (AIOPC). Platform firms are urged to channel funds via diversified venture capital, equity and M&A vehicles to invest early, small and long-term in hard technologies to enable market-driven restructuring of technology, industrial and supply chains.
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