Dec. 10 at 1:41 PM
The Fed is set to announce its rate decision today, with futures implying a nearly 90% chance of a 25 bp cut, though many expect a “hawkish” tone signaling a possible pause ahead. The Russell 2000 hit record highs, while the S&P 500 and Dow fell, pressured by JPMorgan’s higher expense outlook. President Trump is also beginning final interviews for the next Fed chair.
Oracle reports earnings after the close, with investors watching whether it can fund its AI-driven infrastructure push. The stock is up over 30% this year despite a sharp pullback in October.
In pharma, Eli Lilly will spend
$6 billion on a new Alabama plant to support its experimental obesity pill, while Pfizer struck a
$2.1 billion licensing deal with YaoPharma to advance its own obesity drug program.
Student loan borrowers in the SAVE plan may soon be required to select a new repayment method under a proposed settlement, as many report difficulty covering basic expenses due to loan payments.
$ORCL $LLY $PFE $RUT $SPX