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Market Update for Week of July 4, 2025
The Week at a Glance:
Broader Equity Market Rally Continues: The S&P 500 and Nasdaq hit record highs for a consecutive week driven by continued stronger-than-expected economic data and hopes of upcoming tariff-related trade deal announcements; however, healthcare markets continue to trail in performance
In Vivo CAR-T Makes Headlines: AbbVie agreed to acquire in vivo cell therapy developer Capstan Therapeutics in a deal worth up to $2.1B in cash at closing, marking the largest ever upfront payment for an early-stage private biotech company