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Drugmaker AbbVie has agreed to license a weight-loss drug currently in development from Gubra for up to about $2.2 billion, marking its entry into the obesity treatment market.

St. Louis Fed president Alberto Musalem said Monday that he is closely watching longer-term inflation expectations and downside risks to growth as he argues for maintaining a 'patient approach' to monetary policy.

LONDON (Reuters) -OPEC+ has decided to proceed with a planned April oil output increase, the group said on Monday, a move that follows U.S. President Donald Trump renewing pressure on OPEC and Saudi Arabia to bring down prices. The increase is the first since 2022 from OPEC+, which includes the Organization of the Petroleum Exporting Countries, plus Russia and other allies. Oil was trading 2% lower towards $71 a barrel at 1900 GMT.

Wedbush analysts called Palantir one of their "top names" to own in 2025, expecting the stock to benefit from a "tidal wave of spending on AI."

When Donald Trump started the biggest trade war since the 1930s in his first term, his impulsive combination of threats and import taxes on U.S. trading partners created chaos, generated drama -- and drew criticism from mainstream economists who favor free trade. The trade war sequel that Trump has introduced in his second term is likely to be a different matter altogether. Trump appears to have grander ambitions and is operating in a far more treacherous economic environment this time.

“The U.S. president is now the driving force for crypto market movements,” one expert said.

Many cryptocurrencies skyrocketed over the weekend. Industry giant Bitcoin (CRYPTO: BTC) gained 13% from Friday's market close to 9:15 a.m. ET on Monday. Smart contracts veteran Ethereum (CRYPTO: ETH) posted a 15.4% gain over the same period.