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Market Update for Week of May 30, 2025
The Week at a Glance:
Markets Notch Minor Gains: US equities finished the week slightly up due to promising inflation numbers and the Court of International Trade ruling that the current administration overstepped with its implementation of tariffs; however, the White House’s successful appeal means that tariffs will remain in place until a final ruling is made
No Pain, More Gains: Eli Lilly finished the week up 3.8% spurred by the news of its $1.0B acquisition of SiteOne Therapeutics, which includes SiteOne’s Phase 2-ready oral Nav1.8 inhibitor for the treatment of pain
NIH Stares Down Deep Cuts: The HHS released details of President Trump’s FY2026 budget request cutting the NIH discretionary budget by ~40.0% and reducing the agency’s 27 institutes/centers to just eight, a move that some are claiming could have dire consequences to US leadership in biomedicine