Stocks making the biggest moves premarket: Meta, Moderna, Hewlett Packard Enterprise, Juniper Networks and more

Check out the companies making headlines before the bell: Moderna — Shares rose 2% after the biotech company’s experimental flu vaccine showed a positive response in a late-stage trial, opening the way for the standalone shot and a combination Covid shot. Hewlett Packard Enterprise , Juniper Networks — Shares rallied 14% and 8%, respectively, after…

The hidden cost of hefty borrowing | The Express Tribune

Listen to article KARACHI: Pakistan’s recent move to secure a $3.3 billion loan package from Chinese banks has once again placed its economic dependence on Beijing in sharp focus. The deal, which includes a $2 billion syndicated loan and a $1.3 billion refinancing arrangement, is intended to provide much-needed short-term relief to Pakistan’s low foreign exchange reserves….

Budgets pass, hopes fade among ordinary citizens | The Express Tribune

LAHORE: Federal and provincial budgets for fiscal year 2025-26 have been passed by assemblies, each one claiming to be providing a huge relief to an ordinary Pakistani citizen or household, but the ground reality suggests otherwise. A large number of ordinary citizens have expressed scepticism about the immediate effect on their strained household budgets. In…

Big banks all pass the Federal Reserve’s stress tests, but the tests were less vigorous this year

U.S. Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy in Washington, D.C., U.S., June 18, 2025. Kevin Mohatt | Reuters All the major banks passed the Federal Reserve‘s annual “stress tests” of the financial system, the central bank said Friday,…

Pakistan, Saudi Arabia to enhance tech collaboration | The Express Tribune

ISLAMABAD: Federal Minister for IT and Telecommunication Shaza Fatima Khawaja held a high-level meeting with Saudi Minister for Communications and Information Technology Engineer Abdullah Al-Swaha to enhance collaboration in emerging technologies, artificial intelligence (AI) and digital infrastructure. The two sides discussed the establishment of the Pakistan Digital Corridor to China and Central Asia to strengthen…

PNSC eyes $700m freight earnings in 3 years | The Express Tribune

ISLAMABAD: Pakistan National Shipping Corporation (PNSC) aims to generate an estimated $700 million in freight earnings by expanding its fleet to 34 vessels over the next three years, according to a statement released on Friday. The announcement was made during a high-level meeting chaired by Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry, outlining…