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Asia Tightens Airport Screening as Nipah Virus Concerns Rise

  Airport health authorities wearing protective masks monitor passengers from international flights arriving at Suvarnabhumi International Airport in Bangkok, Thailand, amid reports of a Nipah outbreak. Airports across Asia are stepping up health surveillance as several countries respond to renewed concerns over the Nipah virus following confirmed cases in India. The virus, known for its high fatality rate and potential for human‑to‑human transmission, has prompted authorities to reintroduce precautionary screening measures to limit cross‑border spread. Health officials in Thailand, Singapore, Malaysia, Hong Kong, Nepal, and Taiwan have implemented temperature checks, health declarations, and targeted monitoring of passengers arriving from affected regions. While the number of confirmed cases remains limited, the severity of the virus has led governments to act swiftly. Nipah virus infections are rare but dangerous, with symptoms ranging from fever and headaches to severe respir...
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Stock Market Today: Dow Extends Slide as Lackluster Earnings and Rate Fears Weigh on Investors’ Spirits

 

US stocks faced further losses on Thursday, with lingering concerns about higher-for-longer interest rates and a Salesforce sell-off dampening investor spirits. Here are the key points from today’s market:

  1. Dow Jones Industrial Average (DJI): The Dow sank as much as 1%, shedding roughly 380 points, following Wednesday’s stock market slide. The tech-heavy Nasdaq Composite (IXIC) dropped about 0.6%, while the broader S&P 500 (GSPC) fell 0.5%.

  2. Interest Rate Worries: Renewed gloom about the odds for rate cuts contributed to the stock market decline. Data showed less cooling in inflation than the Federal Reserve desires, driving US bond yields to their highest levels since early May. The benchmark 10-year Treasury yield hovered around 4.6%.

  3. Salesforce Results: Salesforce (CRM) reported that sales growth would stall to the slowest rate in its history, causing its shares to slide 15%. This sparked concerns about likely losers in the AI boom.

  4. US Economic Growth: The Bureau of Economic Analysis revised the first-quarter US gross domestic product (GDP) growth rate to 1.3%, down from the initial reading of 1.6% in April.

  5. Retail Earnings: Retailers Kohl’s (KSS) and Best Buy (BBY) provided clues to consumer resilience and economic health. Kohl’s shares cratered after a surprise quarterly loss and a cut to its annual sales forecast, while Best Buy posted a bigger drop in comparable sales than expected.

Despite these challenges, investors remain watchful for any signs of economic recovery and potential market shifts. 



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