Jobs report ahead, Twitter threatens Meta over Threads - what's moving markets

Investors look ahead to the publication of the latest U.S. nonfarm payrolls report, hoping that the data will provide some clues into the Federal Reserve's policy outlook. Elsewhere, Twitter threatens to bring a lawsuit against Meta over the Instagram owner's new Threads app, while the Chinese government reportedly gears up to impose a $1.1 billion fine on fintech titan Ant Group.

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📚 Daily Digest  |  Friday, Jul 7, 2023     Jobs report ahead, Twitter threatens Meta over Threads - what's moving markets   © Reuters. Investors look ahead to the publication of the latest U.S. nonfarm payrolls report, hoping that the data will provide some clues into the Federal Reserve's policy outlook. Elsewhere, Twitter threatens to bring a lawsuit against Meta over the Instagram owner's new Threads app, while the Chinese government reportedly gears up to impose a $1.1 billion fine on fintech titan Ant Group. Read More     Today's Top News Stock Markets Twitter threatens to sue Meta over Threads platform Twitter has threatened to sue Meta Platforms over its new Threads platform in a letter sent to the Facebook parent's CEO Mark Zuckerberg by Twitter's lawyer Alex Spiro. Stock Markets US FDA grants standard approval of Eisai/Biogen Alzheimer's drug Eisai and Biogen's Leqembi won a coveted standard approval nod from the U.S. Food and Drug Administration on Thursday, the first Alzheimer's treatment to achieve that goal, clearing the way for wider insurance coverage of the drug. Stock Markets Biden admin seeks emergency order halting ban on social media company contacts The Biden administration on Thursday asked a federal appeals court for an emergency order halting a lower court ruling that bars some government agencies and officials from meeting and communicating with social media companies about moderating their content. Economy China's Xi urges greater innovation amid tech curbs from US China's President Xi Jinping, on an inspection tour of a major industrial province, renewed his call for greater innovation and technological self-reliance, as the United States intensifies curbs on Chinese access to advanced technologies. Economy Biden's junk fee crusade turns to short-term health insurance plans President Joe Biden on Friday will announce new steps to crack down on short-term health insurance plans and surprise medical bills, stepping up his war against so-called junk fees to lower healthcare costs. Read More News » Today's Top Analysis     Jul 7, 2023 by Declan Fallon U.S. Indexes Develop New Ranges   by Declan Fallon  |   Jul 7, 2023   Jul 7, 2023 by Jesse Cohen S&P 500 Faces Moment of Truth as Q2 Earnings Season Kicks Off Next Week   by Jesse Cohen  |   Jul 7, 2023   Jul 7, 2023 by Barani Krishnan Natural Gas at Crossroads in East-West Heat Battle   by Barani Krishnan  |   Jul 7, 2023   Jul 7, 2023 by David Wagner Pro Research of the Week: Cybersecurity Stocks Poised to Ride AI Wave in H2   by David Wagner  |   Jul 7, 2023 Read More Analysis »

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