Public Markets 3 Hours

Last updated: August 8, 2026, 8:36 AM ET

Corporate Restructuring

First Brands urged a bankruptcy court to approve a settlement funding lawsuits to pursue billions in claims. The plan targets recovery from an alleged fraud scheme at the collapsed car-parts maker, aiming to compensate creditors.

Crypto Regulation

A landmark crypto bill stalled in the Senate despite a $225mn lobbying push by industry groups. Lawmakers remain deadlocked over the legislation, once considered the sector's top congressional priority.

Pharma Earnings

Pfizer is grappling with a "world of hurt" as Covid vaccine revenues slide and investors question expensive acquisitions. CEO Albert Bourla faces mounting pressure to define a post-pandemic strategy.

Geopolitical Risk

Yemen teeters on civil war after overnight escalation between the government and Houthi rebels. The conflict heightens the risk of a prolonged Strait of Hormuz stalemate, threatening to disrupt global energy markets.