A team of researchers at the Daegu Gyeongbuk Institute of Science and Technology (DGIST) in South Korea has developed a flexible wireless neural interface that can deliver drugs directly to deep brain regions.
The fully implantable device may help overcome limitations associated with traditional drug infusion methods that rely on external equipment.
The research is published in npj Flexible Electronics.
Mimicking the body’s natural peristalsis
Led by Professor Kyung-In Jang, in the department of robotics and mechatronics engineering, the team designed the device using soft materials to support compatibility with neural tissue. It integrates a micro-pump and a microchannel system to control drug infusion with minimal risk of backflow.
To improve delivery accuracy, the researchers adopted a pump structure inspired by peristalsis, the wave-like muscular contractions of the gastrointestinal tract. This structure drives a unidirectional flow through a sloped nozzle-diffuser channel, allowing drug transport without reverse leakage. The device also includes a wireless module, enabling real-time control of both infusion rate and dosage.
Peristalsis
The involuntary contraction and relaxation of muscles in the digestive tract, which together create a series of coordinated, wave-like muscle contractions that move food and other substances through the intestine.
The implant’s flexible architecture is a result of its fabrication using soft materials, which ensures good compatibility with brain tissues while also allowing for stable insertion and operation.
Device performance validated in brain phantom
To test its performance, the researchers used a “brain phantom” composed of agarose gel. These tests showed that the device delivered drugs consistently and without backflow. The wireless interface enabled the remote modulation of dosage, with precise control over infusion rates.
Agarose gel
A porous gel made from seaweed extract used in laboratory settings to mimic the consistency of soft tissues. It is often used for simulating biological environments in preclinical experiments.
Unlike conventional systems that require external tubes and pumps, the wireless device developed by the DGIST team is fully implantable and self-contained.
Future plans and integration with monitoring systems
Although this study focused on preclinical models, the researchers suggest that future iterations of the technology may be adapted for personalized treatment strategies.
“The device developed in this study has enabled precise wireless drug delivery to deep regions of the brain,” said Professor Jang. “Moving forward, we will verify its long-term stability for clinical application and expand it into a treatment platform for various neurological disorders.”
The research team suggests that future potential integration with electrodes and sensors could allow the device to monitor neural activity and trigger drug release in response to specific physiological signals. Such a platform could be used to treat intractable brain diseases such as Parkinson’s disease and epilepsy.
Reference: Lee H, Song S, Ha J, Lee YK, Jang KI. A soft neural interface with a tapered peristaltic micropump for wireless drug delivery. npj Flex Electron. 2025;9(1):85. doi: 10.1038/s41528-025-00463-y
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Sure, fall doesn’t technically start for a couple weeks yet, but the moment August ended and a chill ran through the air, it was bye-bye summer. Katie Holmes, luckily, is ready.
Holmes has always leaned bohemian with her style—though her vibe is far more “kooky upstate creative” or “independently wealthy high school art teacher” than the present-day Chemena Kamali girl, draped in flowing chiffon. While out in New York yesterday, Holmes opted for an outfit that stayed true to her own brand of boho while still befitting the transitional weather.
Diamond / BACKGRIDUSA
The actor wore a brown and white gingham blouse from Posse with a stand collar and rounded balloon sleeves that narrowed at the cuffs. She kept the oversized theme on the bottom, tucking her peasant top into a pair of blue, wide-legged jeans. And though I said that Holmes isn’t all in on the latest boho iteration, she did embrace the change with a pair of off-white Chloé sneakers. Rounding out her look with a diamond tennis necklace and a pair of bug-eyed sunglasses, she stayed committed to her eclectic energy.
She followed this same outfit formula for last year’s back-to-school season, pairing a salmon pink Peter Pan collared blouse with a pair of barrel jeans and velvet Mary-Janes. So, take heed: When you see Katie Holmes break out the billowing blouses, it’s time to retire your summer wardrobe.
That is the message from the 28-year-old flanker, who is hoping to earn a 42nd Test cap and add to her 12 tries in green and gold this weekend against New Zealand, a team she has not faced before. And for that matter, in a RWC quarter-final, another first for the South Africans.
“We have not been here before, but that excites us rather than scares us,” said Mcatshulwa.
“We have played the Black Ferns XV back home a couple of weeks ago and that gave us an idea of their style and strengths, but this New Zealand team obviously is something else.
“What we did see against the New Zealanders in Cape Town was that our physicality is tough to live with, and that gives us confidence for the weekend.”
The Bok Women flanker, who has completed a stint in France playing for Métropole RC Villeneuvois in Lille, said she did not enjoy the result last weekend against France and would have liked joining the action earlier off the bench.
Against the Black Ferns, Mcatshulwa hopes to start in the number seven jersey, like she did against Italy in an impressive performance that resulted in her scoring the match-winning try, apart from gaining 110m with 16 effective ball carries.
“The trick for the weekend will be to look to what we want to achieve and to go out there and enjoy it,” she said.
“We had a good couple of months of rugby, and I know we are capable of playing with the best. The weekend’s game will also be about our pack’s ability to be very physical and then give our skilled backs the change to play. I believe we can do that.
“We have prepared well for this one and we have showed that we can play with the best. This is what this tournament is all about, proving that we belong.”
The Springbok Women will announce their match-23 for the quarter-final on Thursday.
Unfortunately, South Africa will have to face New Zealand without Chumisa Qawe, who was red carded against France following a Law 9.13 offence (dangerous tackle). The SA midfielder accepted that foul play occurred, and the decision that the offence warranted a red card. That means a mandatory mid-range entry point of a six-match suspension. The committee decided to award full 50 per cent mitigation resulting in a final sanction of three matches. This will be reduced to two on successful completion of the Coaching Intervention programme.
World Rugby announced on Tuesday that Sara Cox (England) will take charge of the Bok Women’s WRWC quarter-final. South Africa’s Aimee Barrett-Theron will referee the France v Ireland clash, while Hollie Davidson of Scotland (Canada v Australia) and Aurélie Groizeleau of France (England v Scotland) will officiate the other quarter-finals.
The Securities and Exchange Commission (SEC) has launched a Cross-Border Task Force to investigate fraud involving foreign-based companies, with a focus on market manipulation schemes like “ramp-and-dumps” and misconduct by gatekeepers – including auditors and underwriters – whose role in enabling access to US capital markets has been a focus of SEC scrutiny.
The Cross-Border Task Force will also prioritize enforcement against companies from countries where government control and other factors present heightened risks to investors. The announcement specifically references Chinese companies and parallels the Department of Justice’s (DOJ) recent prioritization of prosecuting white-collar crimes involving market manipulation by Chinese-affiliated variable interest entities (VIEs).
Below, we explore the Cross-Border Task Force’s primary focus, along with strategic implications and considerations for auditors and underwriters.
SEC’s Cross-Border Task Force: A new enforcement focus
The SEC’s new task force will consolidate investigative efforts across its divisions to target:
Transnational market manipulation schemes, such as pump-and-dump and ramp-and-dump tactics
Foreign-based issuers, especially those from jurisdictions like China, where state control and opaque governance structures pose heightened risks
Gatekeepers, including auditors and underwriters, who facilitate access to US markets for these entities
SEC Chairman Paul Atkins has also directed other divisions of SEC, including Corporation Finance, Examinations, Economic and Risk Analysis, Trading and Markets, and the Office of International Affairs to explore new disclosure guidance and rule changes to better protect US investors from the risks posed by companies, intermediaries, gatekeepers or exploitative traders that “use international borders to frustrate and avoid U.S. investor protections.”
DOJ’s parallel focus: VIEs and national security
SEC’s announcement brings its enforcement priorities in line with DOJ’s criminal securities fraud goals. In a May 2025 memorandum, DOJ’s Criminal Division outlined its white-collar enforcement priorities, with a sharp focus on:
Fraud involving VIEs, particularly those tied to Chinese-affiliated companies
Ramp-and-dump schemes, elder fraud, and other forms of market manipulation
Gatekeeper misconduct, including financial institutions and insiders facilitating transactions for hostile nation-states and transnational criminal organizations
DOJ’s and SEC’s priorities each reflect a broader “America First” enforcement posture, emphasizing national security, investor protection, and economic integrity.
Implications for auditors and underwriters
1. Auditors
SEC’s identification of auditors may be seen as a warning shot at clean audit opinions on public companies, particularly foreign issuers, that misrepresent their financials, and auditors who miss red flags and internal control weaknesses, fail to verify key data, or do not adequately scrutinize related-party transactions, especially in opaque jurisdictions.
Looking forward, auditors may consider:
Enhanced scrutiny of audit quality and risk assessments for foreign issuer audits
Increased liability exposure for audits of foreign issuers, especially those with opaque ownership or governance structures
Reassessing client acceptance policies for clients operating through VIE structures or in high-risk jurisdictions
2. Underwriters
SEC’s cross-border enforcement initiative may encourage underwriters to sharpen their due diligence and remain vigilant for red flags. Lax underwriting procedures could be viewed by SEC as enabling high-risk or fraudulent foreign companies to access US capital markets.
Looking forward, underwriters may consider:
Whether SEC is signaling a higher standard for reasonable due diligence for underwriting IPOs, certain corporate transactions such as reverse mergers, or secondary offerings involving foreign issuers
Potential new disclosure requirements around VIE structures, beneficial ownership, and jurisdictional risks
Enforcement risk if red flags related to issuer misconduct or control weaknesses are missed
Strategic considerations for other market participants
Given the coordinated enforcement posture and “America First” focus of SEC and DOJ:
Financial intermediaries and public companies are encouraged to review their exposure to foreign issuers, especially those from higher-risk jurisdictions such as China
Companies are encouraged to ensure the adequacy of their compliance programs and internal controls over financial reporting and may consider revising their policies as needed in light of SEC’s and DOJ’s new priorities
Learn more
For more information or to discuss how these developments may affect your business, please contact the authors or another member of our securities enforcement team.
The conference concludes with a call to meet the rising demand for sustainable and responsible investment amid technological advances and evolving geopolitical dynamics.
The Future Investment Conference (FIC) 2025 convened on 7-8 September in Xiamen, China, with a focus on navigating the shifts in global investment dynamics and the restructuring of value chains.
Hosted by UN Trade and Development (UNCTAD) in partnership with the annual China International Fair for Investment and Trade, the FIC brought together investors, policymakers and innovators to supercharge international investment in a time of turbulence and transformation.
“Investment is much more than just capital flows. It is about resilience, sustainability and inclusion,” said Deputy Secretary-General Pedro Manuel Moreno of UN Trade and Development.
“The Future Investment Conference provides a platform for practical cooperation – whether on de-risking investments in emerging markets, financing clean energy, or governing artificial intelligence.”
The conference came at a challenging time for international investment, particularly concerning sectors such as renewable energy and infrastructure that are crucial to the Sustainable Development Goals.
Currently, developing countries face an annual financing gap of more than $4 trillion for sustainable development, according to the latest World Investment Report.
New frontiers for investment
Technological disruption, shifting value chains and sustainability imperatives are reshaping investment. This year’s conference therefore seeks to highlight both the risks and new possibilities for long-term capital in energy, artificial intelligence and health.
Encouragingly, investors are helping to boost new industries around green technologies such as solar, wind, storage and smart grids, with opportunities for developing countries to leapfrog to cleaner and more resilient growth models.
Meanwhile, innovators, businesses public and private investors can further scale up solutions to not only shape the future of industry but also a greener and more inclusive tomorrow.
Additionally, a closed-door roundtable of sovereign wealth funds explored how long-term investors can balance intergenerational wealth preservation with active investment in addressing climate challenges, while catalyzing the energy transition in emerging markets.
“Investing in the future means going beyond cycles and fluctuations to allocate capital towards humanity’s shared future,” says Nan Li Collins, director of investment and enterprise at UN Trade and Development, and lead coordinator of the conference.
“It involves how technological revolutions shape society, and how we build a new growth model that emphasizes resilience and inclusivity in an era marked by both division and connection.”
Road to UNCTAD16
The FIC 2025 featured strong support for shoring up investments in developing countries, through dedicated investment showcases and matchmaking sessions linking project opportunities with global investors.
“The FIC gives developing countries a voice and a platform. By bringing their projects and priorities directly to investors, it helps turn global capital into real drivers of sustainable development,” said Ling Ji, Vice Minister of Commerce of China.
The discussions and partnerships in Xiamen will help inform deliberations at the upcoming 16th United Nations Conference on Trade and Development (UNCTAD16) and the World Investment Forum 2026, and rally support for investing in shared prosperity.
Jumping on a call with The Hollywood Reporter, Ted Evans is beaming with pride. The British writer-director has good reason to — his first feature film, Retreat, just had its world premiere at TIFF, but it also represents something much bigger than that: landmark progress for cinema’s deaf community.
Retreat is billed as “the world’s first deaf thriller.” It is written and directed by Evans, also deaf, and features an all-deaf cast, set atop the rolling hills of the English countryside in a quaint stately home. The movie centers around Matt (James Boyle), who was raised in a secluded deaf community based at a stately house and led by the charismatic, revered leader Mia (Sophie Stone).
But cracks begin to appear in Matt’s world when the arrival of enigmatic outsider Eva (Anne Zander) forces him to question his own ‘deaf identity’ and lived experience. Matt finds himself unprepared to discover the dark truths that lie beneath the surface of the place he calls home — and the lengths his community will go to in order to protect the collective mission.
“I’m really excited about sign language cinema,” says Evans from his home city of London. “There’s something in there exciting — I use language almost as if it’s like a dance, oral combat, and weaving it into the grammar of the film is something I’ve been thinking about for a long time.”
The poetic language with which he talks about Retreat — adapted from Evans’ short film of the same name — is fitting. Watching the actors sign language through glee, heartache, torment and even betrayal makes for some stunning scene work. A particularly shining performance comes from Stone, whose role as the feared-yet-beloved Mia was written especially for her.
“I just kept talking to her all these years,” Evans says about working with the English actress to help craft the cult-esque leader. “I kept showing her bits of work. She really did help me create Mia as a character.” Casting director Heather Basten aided Evans in the search for more of his stars and he tells THR he couldn’t be happier with the final product. “I have so much faith and the talent in our community, and I’m excited to push that.”
Though boasting an all-deaf cast, the movie was made with the help of both a hearing and deaf crew. With that came a whole host of logistical problems across the six-week shoot, Evans isn’t afraid to admit: “It was very challenging and it was an ambitious,” he begins. “When making a film in sign language, you have a lot of factors to consider — it’s not just the technical [element]. We don’t have the same privileges [like having] audio over images, you know? So it’s very time-consuming — how much light we need, how I want to film sign language.” Evans laughs: “We always need more time.”
The deaf community is having a “moment in the U.K.,” says Evans, who lauds the BBC all-deaf minieries Reunion (also premiering at TIFF), and drama Code of Silence led by deaf British star Rose Ayling-Ellis. But there’s change happening across the Atlantic, too, thanks to Coda and Sound of Metal. “There is a shift,” Evans adds, “We’re seeing more deaf actors, but it’s the stories as well. They can come from us.”
West African health ministers together with leaders from IAVI and the Coalition for Epidemic Preparedness Innovations at a meeting to advance Lassa fever vaccine development during the 2nd Lassa Fever International Conference in Abidjan, Côte d’Ivoire, on September 8, 2025.
ABIDJAN, COTE D’IVOIRE — SEPT. 9, 2025 — On September 8, 2025, Ministers of Health from across the region gathered for high-level talks convened by the West African Health Organisation (WAHO) and Dr. Muhammad Ali Pate, the Coordinating Minister of Health and Social Welfare of Nigeria, as co-leads of the Lassa fever Vaccine Coalition, and Mr. Pierre N’Gou Dimba, Minister of Health, Public Hygiene and Universal Health Coverage of the Republic of Côte d’Ivoire, as host of the Lassa fever International Conference in Abidjan. The meeting was supported by global pandemic preparedness institution, the Coalition for Epidemic Preparedness Innovations (CEPI) and the International AIDS Vaccine Initiative (IAVI), a non-profit scientific research organisation. The Ministers of Health endorsed a communiqué that reinforces the region’s shared leadership in confronting a virus that is endemic to West Africa and causes significant health, economic and societal harm.
Despite its devastating impact, there are currently no licensed vaccines to protect against Lassa fever. The most advanced Lassa fever vaccine candidate has been developed by IAVI with funding from CEPI and the European & Developing Countries Clinical Trials Partnership. IAVI’s promising vaccine candidate is currently being evaluated in a Phase IIa clinical trial to evaluate the vaccine’s safety and immunogenicity in Ghana, Liberia and Nigeria – the most advanced study of a Lassa fever vaccine to take place anywhere in the world.
Through the communiqué, the Ministers reaffirmed their political endorsement of accelerating Lassa fever vaccine readiness as a regional strategic health priority and a cornerstone of pandemic preparedness, underscoring its dual role in strengthening national systems and collective resilience. They recognised that Lassa fever could serve as a model towards broader integration and coordination of financing efforts. They committed to supporting the development of IAVI’s Lassa vaccine candidate rVSVΔG-LASV-GPC* through a collaborative co-funding approach and joint action to mobilise and secure resources through advocacy and regional coordination. They pledged to strengthen country and regional platforms to ensure that clinical trial sites, laboratories, regulatory authorities and community engagement efforts across West Africa are ready to enable the late-stage clinical research needed to advance a Lassa fever vaccine to licensure and to bolster the region’s response to other epidemic and pandemic disease threats.
Dr. Muhammad Ali Pate, Coordinating Minister for Health and Social Welfare of Federal, Republic of Nigeria, said: “For decades, Lassa fever has silently taken lives, eroded livelihoods, and tested the resilience of our health systems. Here in Abidjan, West Africa is showing a new path: countries uniting not only to call for a vaccine, but to co-finance and prepare the systems that will make it real. In Nigeria, through the Health Sector Renewal Initiative, we are investing in laboratories, surveillance, and regulatory readiness — efforts that complement and strengthen regional solidarity. What we commit to today is bigger than one disease; it is a statement that Africa can mobilise its science, align its financing, and contribute decisively to global preparedness. If we hold this course, the legacy will be measured in lives protected and in a continent that helped safeguard the world from the pandemics of tomorrow.”
Dr. Melchior Athanase J. C. Aissi, Director General of WAHO, said: “WAHO is proud to convene and coordinate this landmark commitment. ECOWAS Ministers have agreed not just to endorse a vaccine, but to co-finance it together — showing that West Africa is ready to lead on solutions to Lassa fever and pandemic threats. Regional solidarity is our greatest asset, and WAHO will continue to drive this united approach.”
Dr. Richard Hatchett, CEO of CEPI, said: “The prospect of protection against this dreadful disease is closer than ever before. CEPI is committed to working in close partnership with West African leaders to bolster regional health security by advancing the licensure of the first ever Lassa vaccine and strengthening the region’s capabilities to respond to other epidemic or pandemic threats.”
Dr. Mark Feinberg, IAVI President and CEO, said: “We welcome this unprecedented opportunity to advance IAVI’s promising Lassa fever vaccine candidate in close partnership with West African governments, Institut Pasteur de Dakar – a regionally based manufacturer – and regional scientific and public health leaders. By signing this communiqué, we are not just one step closer to an affordable and accessible Lassa vaccine; we are building a global health partnership that can provide a new model to advance the development, and to ensure sustainable and affordable supply of, vaccines targeting diseases where there is no commercial incentive for private, for-profit companies to invest.”
Signatories of the communiqué include Ministers of Health or their representatives from the Republic of Benin, Republic of Cabo Verde, Republic of Côte d’Ivoire, Republic of Ghana, Republic of Guinea-Bissau, Republic of the Gambia, Republic of Liberia, Federal Republic of Nigeria, Republic of Senegal, Republic of Sierra Leone and the Togolese Republic.
As next steps, the Ministers agreed to coordinate with countries to ensure capabilities are in place to support late-stage vaccine development and to refine the regional financing approach. In support of the latter, WAHO, CEPI and IAVI will convene a working group of countries to align on resource mobilisation.
Hundreds of thousands of people in West Africa are estimated to be affected by Lassa fever each year, with the disease causing almost 4,000 deaths and $110 million in productivity losses in the region annually. Symptoms range from mild headache to vomiting, swelling and widespread bleeding which can be fatal. In those that recover, hearing loss is commonly reported. The potential impact of the disease is set to worsen, with modelling research predicting up to 600 million people could be at risk of Lassa fever infection by 2050 as a result of climate change and population growth.
The 2nd Lassa fever International Conference runs from 8-11 September 2025, under the theme “Beyond Borders: Strengthening Regional Cooperation to Combat Lassa Fever and Emerging Infectious Diseases”. The landmark event brings together scientists, public health experts, vaccine developers, policymakers, civil society and regional stakeholders to share insights, review progress and forge new partnerships aimed at accelerating vaccine development and strengthening Lassa fever control efforts.
*rVSV∆G-LASV-GPC is based on an attenuated, or weakened, strain of vesicular stomatitis virus (VSV) that has been modified to express a Lassa virus protein that plays an essential role in establishing viral infection. IAVI licensed the vaccine technology underlying rVSV∆G-LASV-GPC from the Public Health Agency of Canada (PHAC).
About West African Health Organisation (WAHO) The West African Health Organisation (WAHO) is the Specialised Health Institution of ECOWAS, established in 1987 to coordinate regional health initiatives across West Africa. Headquartered in Bobo-Dioulasso, Burkina Faso, WAHO works to harmonise health policies, pool resources, and foster collaboration among Member States. Its core mandate is to improve health standards and strengthen health systems across the sub-region. Guided by its vision, WAHO strives to be a proactive driver of regional health integration, delivering high-impact and cost-effective health interventions for West African communities.
About CEPI CEPI is an innovative partnership between public, private, philanthropic, and civil organisations. Its mission is to accelerate the development of vaccines and other biologic countermeasures against epidemic and pandemic threats so they can be accessible to all people in need. CEPI has supported the development of more than 50 vaccine candidates or platform technologies against multiple known high-risk pathogens or a future Disease X. Central to CEPI’s pandemic-beating five-year plan for 2022-2026 is the ‘100 Days Mission’ to accelerate the time taken to develop safe, effective, globally accessible vaccines against new threats to just 100 days.
(Bloomberg) — Treasuries lost steam as traders looked past a US jobs markdown ahead of inflation data that will test the market’s conviction on Federal Reserve interest-rate cuts.
Following a four-day rally, a slide in bonds sent yields higher across the curve. That’s even after a solid $58 billion sale of three-year notes. The S&P 500 held near its all-time highs Apple Inc. fluctuated amid its big product event. Oil jumped after an Israeli attack in Qatar revived fears of an escalation of the conflict in the Middle East. Gold rose to a record.
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US job growth was far less robust in the year through March than previously reported. The number of workers on payrolls will likely be revised down by a record 911,000, or 0.6%, according to the government’s preliminary benchmark revision out Tuesday. The final figures are due early next year.
Next up will be readings on both producer and consumer prices, due Wednesday and Thursday, respectively. While traders have fully priced in a quarter-point rate cut by the Fed this month, sticky inflation could dim the outlook for cuts in October and December.
“The jobs picture keeps deteriorating and while that should make it easier for the Fed to cut rates this fall, it could also throw some cold water on the recent rally,” said Chris Zaccarelli at Northlight Asset Management. “Worse still, if the CPI shows a worsening trend of higher inflation on Thursday then the market will begin worrying about ‘stagflation’.”
A worse-than-expected increase in consumer prices would complicate policy decisions at a time when pressure is mounting to provide economic relief through lower rates, according to Stephen Kates at Bankrate.
“Combined with Friday’s dismal payroll report and this morning’s preliminary payroll benchmark revision of -911,000, it is clear the economy is caught between a rock and a hard place — or more accurately, between a labor shock and a hot pace,” he said.
The Bureau of Labor Statistics adjustment indicates the labor market slowdown in recent months followed an extended period of more moderate job growth that may lay the groundwork for a series of interest-rate cuts beginning next week. Fed Chair Jerome Powell recently acknowledged risks to the job market have increased, and two of his colleagues preferred to lower borrowing costs in July.
Jamie Dimon said the record revision to US payrolls data is further proof that the US economy is battling a slowdown.
“The economy is weakening,” the JPMorgan Chase & Co. chief executive officer said in an interview with CNBC Tuesday. “Whether that is on the way to recession or just weakening, I don’t know.”
A deteriorating labor market will allow the Fed to highlight the need to ease rates, said Jeff Roach at LPL Financial, who says investors should expect the Fed to officially resume its rate-cutting campaign at the next meeting.
“For now we assume a modest net dovish impact: firming some the likelihood of three successive cuts in September, October and December without making this anything close to a lock,” said Krishna Guha at Evercore.
Traders are assigning more than 90% probability that the Fed will cut rates by a total of 75 basis points by the end of December, having ramped up bets for cuts over the past week.
To Gary Schlossberg at Wells Fargo Investment Institute, weakening job growth, underscored by Tuesday’s report, should be viewed against support from ample market liquidity, the rally in stocks and the Fed’s prospective rate cuts in pointing toward an economic “soft patch” rather than a sustained economic slowdown.
“The shallow growth slowdown that we are anticipating is fully consistent with our recommended tilt toward more liquid, large-cap stocks and other higher-quality sectors of the financial market, as the economy navigates a period of slowing growth ahead of a forecasted recovery in 2026,” he said.
The government will release its latest consumer price index ahead of the Fed’s Sept. 16-17 policy meeting. Core CPI, a measure of underlying inflation excluding food and fuel, probably rose 0.3% in August for a second month, according to the Bloomberg survey median estimate.
Economists will parse the extent to which higher US import duties are filtering through to consumers. So far, many companies have made an effort to refrain from hiking prices in order to maintain sales.
Options traders are betting the S&P 500 will post a modest swing on Thursday following the CPI report, with a projected move of nearly 0.6% in either direction, according to data compiled by Bloomberg. That’s well below an average realized move of 1% over the past year.
“Given the recent softness in the labor market data, even if we were to see elevated inflation data this week, we still think the Fed would cut rates next week,” said Chris Kampitsis at Barnum Financial Group. The Fed is likely more focused on the employment market rather than inflation at this time.”
Corporate Highlights:
Nvidia Corp., whose chips and systems are at the heart of the artificial intelligence computing boom, said it plans to offer a new product designed to handle demanding tasks such as video generation and software creation. The pressure is on for Oracle Corp. to deliver another quarter of accelerating revenue growth driven by spending on artificial intelligence after a run-up in its shares this year. JPMorgan Chase & Co.’s third-quarter trading revenue could climb by a percentage in the “high teens” from a year earlier, well ahead of the 8.2% jump analysts currently expect. Boeing Co. delivered 57 commercial aircraft in August, its best performance for the month since 2018, in the latest sign of steadying factory operations as the US planemaker targets faster production rates. UnitedHealth Group Inc. said it expects most of its Medicare Advantage members to be in highly rated plans that earn bonus payments next year, a boon for its health insurance business. Cracker Barrel Old Country Store Inc. said it’s suspending store remodels as the restaurant chain continues to walk back planned changes such as a new logo that sent its shares crashing. Goldman Sachs Group Inc. won a $40 billion mandate from Shell Plc to oversee pension assets for the energy company, in one of the biggest outsourced deals of its kind. Nebius Group NV shares soared on Tuesday after signing an artificial intelligence infrastructure deal worth as much as $19.4 billion with Microsoft Corp. Anglo American Plc has agreed to acquire Canada’s Teck Resources Ltd., creating a more than $50 billion company in one of the biggest mining deals in over a decade. American Express Co. grew its global merchant acceptance rate by more than 16% in the 12 months through June as it continues to invest in the domestic and international network of places that accept its credit cards. Exxon Mobil Corp. and Chevron Corp. are bullish on China’s future appetite for liquefied natural gas even if Russia succeeds in adding another pipeline to the Asian nation. Lazard Inc. is aiming to station half a dozen bankers in its newly-opened office in Abu Dhabi as part of Chief Executive Officer Peter Orszag’s yearslong plan to double the firm’s revenue. Airbus SE can achieve its aircraft delivery target for the year, though handing over 820 planes depends on receiving engines that remain difficult to source, Chief Executive Officer Guillaume Faury said. Novartis AG agreed to buy Tourmaline Bio Inc. in a deal valued at about $1.4 billion as the Swiss drugmaker continues to pursue bolt-on deals to boost its drug pipeline. Kering SA’s incoming chief executive officer vowed to slash debt and cut costs in a bid to revive the struggling luxury owner of Gucci.
What Bloomberg Strategists say…
“While equities have held steady on rising hopes for rate cuts, such support can only go so far in obscuring the deteriorating underlying reality. This time, rate cuts have the whiff of unease rather than relief.”
—Tatiana Darie, Macro Strategist, Markets Live. For the full analysis, click here.
Some of the main moves in markets:
Stocks
The S&P 500 rose 0.2% as of 1:12 p.m. New York time The Nasdaq 100 rose 0.2% The Dow Jones Industrial Average rose 0.3% The MSCI World Index was little changed Bloomberg Magnificent 7 Total Return Index rose 0.7% The Russell 2000 Index fell 0.8% Apple rose 0.1% Currencies
The Bloomberg Dollar Spot Index rose 0.2% The euro fell 0.4% to $1.1718 The British pound was little changed at $1.3535 The Japanese yen rose 0.1% to 147.35 per dollar Cryptocurrencies
Bitcoin fell 0.7% to $111,167.04 Ether was little changed at $4,295.12 Bonds
The yield on 10-year Treasuries advanced three basis points to 4.07% Germany’s 10-year yield advanced two basis points to 2.66% Britain’s 10-year yield advanced two basis points to 4.62% The yield on 2-year Treasuries advanced four basis points to 3.53% The yield on 30-year Treasuries advanced three basis points to 4.72% Commodities
The 17th edition of the Asia Cup will kickstart on Tuesday (September 9) with Hong Kong taking on Afghanistan in the tournament opener. As many as eight teams are competing in the Asia Cup 2025, with the final on September 28. The much-important India vs Pakistan clash is scheduled for September 14 in Dubai.
Eight teams have been divided into two groups each in the Asia Cup 2025. India, Pakistan, UAE and Oman constitute Group A while Group B includes Afghanistan, Bangladesh, Sri Lanka and Hong Kong.
When and where to watch Asia Cup 2025 on live TV in India?
Sony Sports Network has the official broadcast rights of Asia Cup 2025 in India. The live telecast of all the matches of Asia Cup 2025 will be available on Sony Sports Ten 1, Sony Sports Ten 1 HD, Sony Sports Ten 5 and Sony Sports Ten 5 HD TV.
How to watch Asia Cup 2025 live on mobile?
Live streaming of Asia Cup 2025 will be available on SonyLIV app and website in India.
Can Asia Cup 2025 be watched live on SonyLIV for free?
Unfortunately, unlike JioHotstar on special events, fans in India cannot watch the Asia Cup 2025 for free on SonyLIV. Live streaming of Asia Cup 2025 on SonyLIV will be available on a subscription basis.
