By Colin Kellaher AbbVie on Thursday said it is moving its blockbuster immunology drug Rinvoq into Phase 3 studies in vitiligo after a successful Phase 2b study in the chronic skin condition. The North Chicago, Ill., biopharmaceutical company said the Phase 2b study evaluating Rinvoq in adults with non-segmental vitiligo…

Once again, a few up days brought the stock market optimists out of hiding. But don’t believe their assertions that the 2+ month downtrend is over. The market simply bumped up from the 200-day moving average – a common “test” of the longer-term trend measure. Therefore, this is likely an…

By Yusuf Khan High exports of Russian wheat are likely to keep the pressure on prices in Europe amid strong harvests in the Black Sea region, Strategie Grains said in its monthly report. The French consultancy forecasts European wheat production roughly flat on year at 125.6 million metric tons for…

Week in Review Despite today’s downdraft, Asian equities were mostly higher for the week, except for Mainland China, which reopened from a weeklong holiday on Monday. US Senate Majority Leader Chuck Schumer and five senators visited China this week, meeting with President Xi and Foreign Minister Wang. The group released…

By Najat Kantouar Distil said its pretax loss narrowed and revenue rose for the first half of the year on the back of its business-remodel strategy despite a challenging business environment. The London-listed spirits provider–which houses the RedLeg Spiced Rum, Blackwoods Gin and vodka, and Blavod Black Vodka brands among…

Key Takeaways Inflation has been high now for many months, but the Fed has managed to bring it down from it’s 9.1% peak in June last year The latest CPI figures have come in at 3.7%, which has crept up over the past couple of months It’s likely that we’ll…

By Adria Calatayud Publicis Groupe reported revenue for the third quarter on Thursday. Here is what you need to know: ORGANIC NET REVENUE GROWTH: The Paris-based advertising group, which owns agencies including Saatchi & Saatchi, Leo Burnett and Zenith, reported organic growth of 5.3% in net revenue for the July-to-September…

By Joe Hoppe The U.K.’s competition regulator said it is opening an investigation into multiple television producers, creators and broadcasters in relation to the purchase of services from freelance providers, and the employment of staff. The Competition and Markets Authority said Thursday that it has launched an investigation into whether…

After Nvidia added $750 billion in value this year on the backs of surging AI chip demand, investors are quickly searching for the next trillion-dollar AI winner. AI is the best investment opportunity of our lifetimes, and although Apple (AAPL) has been relatively overlooked as an AI play, the tech…

This article is from the free weekly Barron’s Tech email newsletter. Sign up here to get it delivered directly to your inbox. All Apologies. Billionaire Charlie Munger is known for learning from the misfortune of others. “Invert, always invert. Turn a situation or problem upside down. Look at it backward,”…