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Major Market Moves: Pfizer’s Antitrust Battle, Eaton’s AI Acquisition, and Fed Rate Debate
Stock Market News·2025-11-03 21:08

Key TakeawaysPfizer (PFE) has launched a second federal antitrust lawsuit against Metsera and Novo Nordisk (NVO), alleging anticompetitive practices in the burgeoning 150billionobesitydrugmarket.Eaton(ETN)issettoacquireliquidcoolingspecialistBoydThermalfor150 billion obesity drug market.Eaton (ETN) is set to acquire liquid cooling specialist Boyd Thermal for 9.5 billion, a strategic move to capitalize on the surging demand from AI data centers.Fed Governor Miran reiterated his view that the Federal Reserve's monetary policy is too restrictive, advocating for more aggressive 50 basis point int ...