Vertex Pharmaceuticals Surges on Fed Rate Cut Hopes

Vertex Pharmaceuticals shares surged by nearly three percent in afternoon trading, following a Federal Reserve officials hint at a potential interest rate cut. This news boosted market optimism, particularly for Vertex, which had recently faced setbacks with its experimental painkiller. Despite the setback, Vertexs shares are still up over five percent this year, but remain below their fifty-two-week high.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.