News

Healthcare companies are pushing the status quo by innovating in areas like drug development and digital health. Despite the rosy long-term prospects, short-term headwinds such as COVID inventory destocking have harmed the industry’s returns - over the past six months, healthcare stocks have collectively shed 9.5%. This drop was worse than the S&P 500’s 2.3% loss.

Business services providers use their specialized expertise to help enterprises streamline operations and cut costs. But increasing competition from AI-driven upstarts has tempered enthusiasm, and over the past six months, the industry has pulled back by 3.7%. This performance was similar to the S&P 500’s decline.

Restaurants increase convenience and give many people a place to unwind. Still, their demand can ebb and flow with the broader economy because consumers can always cook meals at home when times are tough, and the market seems to be baking in a downturn for the industry - over the past six months, it has pulled back by 6.6%. This performance was worse than the S&P 500’s 2.3% fall.

Avara, the parent company of Aave, is allowing users of its Family Wallet to onboard with email or SMS, rather than messing around with seed phrases.

Sony Electronics Singapore has announced the acceptance of USDC stablecoin payments through a partnership with Crypto.com.

BTC put bias is strongest since the U.S. regional banking crisis of early 2023, according to one observer.

Usual has announced a significant bug bounty program offering $16 million to identify critical vulnerabilities within its codebase.