Bloomberg Podcasts · Wall Street Rebounds After Treasury Says It'll Boost Bond Buybacks | Closing Bell

1. 1. The S&P 500 finished up 17 points, or 0.2%, at around 7708, recouping some losses from the previous three sessions.
2. 2. Fed minutes showed many officials said rate hikes may be needed, but the market showed little reaction, with the two-year yield barely moving.
3. 3. Long-term Treasury yields saw their biggest one-day drop since late June, with the 20-year yield down 11 basis points and the 30-year down 10 basis points, after Treasury Secretary Scott Bessent doubled the buyback cap from $2 billion to $4 billion.
4. 4. Moderna surged 30% after its personalized cancer vaccine combined with Merck's Keytruda reduced melanoma recurrence in a late-stage trial, marking the strongest evidence yet for mRNA's second act.
5. 5. Estee Lauder jumped 16%, its best day since November 2011, after fiscal Q4 revenue of $3.6 billion beat estimates and organic sales growth accelerated to 5%, ending three straight declines.
6. 6. Twist Bioscience rose 22% after Anthropic selected it as an independent evaluator to help reduce AI-designed proteins at scale and test binding.
7. 7. Hyperliquid rose 30% after President Trump said the CFTC chair is working to bring the crypto exchange to the U.S.
8. 8. TJX fell 4% after its TJ Maxx segment's second-quarter comp sales missed estimates, despite overall top-line comps and HomeGoods beating.
9. 9. Viking Holdings fell 8% as management tried to soothe investor concerns about low water levels in the Danube and Rhine rivers, which have prompted vouchers for some travelers.