A $3 Trillion Selloff Sweeps Wall Street as AI Data Center Fears Hit Chip Stocks
U.S. markets gave up a historic one-day post-midterm rally within 24 hours, with the Nasdaq dropping roughly 5% and chip stocks leading losses amid concern that newly elected Democratic governors will slow data center buildouts in key U.S. states.
Chris Hondros/Newsmakers via Getty Images
Business
Big Pharma Is Racing to China as Faster Trial Timelines Reshape Drug Development
Roche, AstraZeneca, and Novartis are deepening their ties with China's drug development ecosystem, drawn by a regulatory overhaul that has cut the time from early discovery to first-in-human trial applications by as much as 70%.
Qilai Shen/Bloomberg
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Singapore's Economy Grows 5.4% in the Third Quarter as AI Demand Keeps Factories and Exports Humming
Singapore's advance estimate for third-quarter GDP shows 5.4% year-on-year growth, with manufacturing and exports lifted by sustained AI-related demand, as the central bank holds its policy stance steady and looks for inflation to ease only from the middle of 2027.
Tim
Indonesia Wants Every Adult to Have a Bank Account, but Its Own Ministers Cannot Agree How
Indonesia is pushing a plan to give every citizen 17 and older a bank account, a sweeping financial inclusion push. But a public disagreement between Coordinating Minister for Economic Affairs Airlangga Hartarto and Finance Minister Purbaya Yudhi Sadewa over the scale of the rollout is already testing how coordinated the policy really is.
Tim