1. Fed official Goolsbee stated that inflation is still well above target and moving the wrong way, with services inflation being a bit disturbing.
2. Pfizer shares fell 1% after a Phase 3 study for Sigvotatug Vedotin failed to show an improvement in overall survival.
3. IBM shares rose 2% following an announcement of collaboration with OpenAI for an AI offering in enterprise cyber defense.
Fed's Goolsbee Warns on Inflation, Pfizer Trial Fails, IBM Soars on AI Partnership
