Police in Delhi have arrested a Syrian national and three other Indian nationals for allegedly manufacturing and supplying counterfeit cancer and diabetes medicines to international markets. The Syrian national, identified as Monir Ahmad, was found to be a key supplier of fake medicines to Turkey, Egypt, and India. The other accused have been identified as Naveen Arya, Saurabh Garg, and Karan Khaneja.
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US stocks traded mixed this morning, with the Nasdaq Composite gaining around 0.5% on Wednesday. The Dow Jones Industrial Average traded down 0.10% to 38,465.33, while the S&P 500 rose 0.19% to 5,080.34. Tesla shares surged 10% following the release of quarterly results, despite missing earnings and sales estimates. BranchOut Food, Amesite, and Chicken Soup for the Soul Entertainment also saw significant gains, while Evotec, Avenue Therapeutics, and GlucoTrack declined. Commodities such as oil, gold, silver, and copper traded mixed, with oil and gold prices falling. European and Asian markets closed mostly higher, with the Eurozone’s STOXX 600 gaining 0.2% and Japan’s Nikkei 225 rising 2.42%. US mortgage applications declined by 2.7% from the prior week, while new orders for manufactured durable goods rose by 2.6% month-over-month in March.
