economy
Johnson & Johnson reaches a milestone for one of its most exciting pipeline products
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Markets are climbing to new record highs, with AI infrastructure and materials sectors leading the gains.
- Johnson & Johnson's Ottava robotic surgery system met primary endpoints in its first clinical study for Roux-en-Y gastric bypass procedures.
- The positive results for Ottava suggest potential FDA clearance for multiple upper abdomen surgeries, enabling J&J to compete in the robotic surgery market.
- Several major tech companies are scheduled to report earnings, alongside important economic data like the ADP employment report.
- Corning's investor day is expected to provide updates on long-term targets and its generative AI product portfolio.