Abbott (ABT) executive says it is too early to tell cost impact of higher oil prices linked to war on Iran
Abbott's executives are indicating uncertainty regarding the impact of rising oil prices due to geopolitical tensions with Iran.
Iran has shipped around 9mln barrels of crude from floating storages in the Gulf of Oman since the start of the US blockade, Iran International reports citing tanker trackers
House China Panel has issued a report on China and AI capabilities
Abbott (ABT) executive says it is too early to tell cost impact of higher oil prices linked to war on Iran
US CENTCOM reports that 14 ships have changed course to follow the US blockade
US EQUITY OPEN: Stocks pull back at the open after recent strength
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This sentiment suggests potential volatility ahead, especially if costs begin to affect profit margins in the healthcare sector. Traders should be aware of how this feeds into broader market sentiment about inflation and commodity pressures, particularly in healthcare-related equities.
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