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Gilead Q1 EPS $2.03 beats; raised guidance overshadowed by $11.5bn deal charge

Gilead Sciences beat on EPS and revenue and raised 2026 product-sales guidance, but a $11.5 billion in-process R&D charge tied to three pending acquisitions sent shares down 1.6 per cent and flipped reported EPS guidance into a loss range.

By Avery LinMay 8, 2026

Headlines

Analysis

Trump's rate-cut wishlist runs into Iran inflation and his own tariffs

President Trump wants the lowest interest rates in the world but faces 3.3% inflation, a Strait of Hormuz crisis, and his own tariff regime. The Fed is expected to hold in June.

Markets

30-year Treasury yield tests 5 per cent as oil, growth and rate fears converge

The 30-year Treasury yield tested the 5 per cent threshold this week, climbing to its highest level since 2023 as oil, growth and rate fears converged.

Economy

Banxico cuts rate to 6.50% in split vote, signals end of easing cycle

The Bank of Mexico cut its benchmark rate to 6.50 per cent in a 3-2 split vote and signaled that the two-year easing cycle is over, even as inflation remains above target and the board is divided on whether the hold will stick.

Gilead Q1 EPS $2.03 beats; raised guidance overshadowed by $11.5bn deal charge

Headlines

Trump's rate-cut wishlist runs into Iran inflation and his own tariffs

30-year Treasury yield tests 5 per cent as oil, growth and rate fears converge

Banxico cuts rate to 6.50% in split vote, signals end of easing cycle

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