Karen Moskow

The conglomerate did slash its stake in Amazon by 75%.

The U.S.

Food and Drug Administration will review a Moderna flu shot made with mRNA technology that reverses a previous decision that shocked Wall Street and spurred a public verbal dispute between the company and its regulator.

Madison Square Garden Sports says its board has unanimously approved a plan to explore a possible spinoff that would separate its New York Knicks business from its New York Rangers business.

It would create two distinct publicly traded companies.

Turning to the Olympics, Norway leads the medal count with a total of 32.

Fifteen of them are gold.

The U.S.

is third with six gold medals and 23 medals overall.

Now to that breaking economic news crossing the Bloomberg.

U.S.

orders for business equipment increased in December by more than projected, suggesting solid capital investment at the end of the year as trade policy uncertainty gradually diminishes.

The value of core capital goods orders, a proxy for investment in equipment that excludes commercial aircraft and military hardware, increased 0.6% in December after a revised 0.8% gain a month earlier that was twice as much as previously estimated.

Meanwhile, new residential construction in the U.S.

rose to a five-month high in December as homebuilders boosted production to take advantage of lower borrowing costs.

Housing starts increased 6.2%.

U.S.

stock index futures, they are higher.

Dip buyers are stepping in.

After concerns over artificial intelligence drove sharp swings in equity markets, gold climbed back above $4,900 an ounce.