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Dollar drops as traders eye Trump tax bill, G7 currency talks

TOKYO (Reuters) -The U.S. dollar fell on Wednesday, extending a two-day slide against major peers, as President Donald Trump failed to convince Republican holdouts to back his sweeping tax bill. Developments in Trump's global tariff war, which have swung currencies wildly in recent months, have slowed considerably this week, even as the clock ticks down to the end of 90-day tariff respites for U.S. trade partners in the absence of new trade deals. All this has combined to keep the dollar under pressure and U.S. Treasury yields rising, as the "sell America" theme continues to inform investment decisions, if in a less dramatic fashion than earlier this month.

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Down More Than 75% This Year, Should Investors Throw in the Towel on Iovance Biotherapeutics Stock?

The company's recent financial performance wasn't encouraging Iovance's stock has been falling for the bulk of the year, and it hasn't been just a single event that has weighed on its valuation. The risk around the business centers on its financials, and unfortunately, Iovance did little to calm those concerns when it posted its most recent earnings numbers. On May 8, the company reported its first-quarter numbers for 2025.

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Options Traders Are Boosting Bearish Dollar Views to Record

(Bloomberg) -- Currency options traders are now more pessimistic than they’ve ever been about the dollar’s path over the next year, according to one commonly-cited measure of investor sentiment.Most Read from BloombergAmerica, ‘Nation of Porches’Can Frank Gehry’s ‘Grand LA’ Make Downtown Feel Like a Neighborhood?Chicago’s O’Hare Airport Seeks Up to $4.3 Billion of Muni DebtNJ Transit Makes Deal With Engineers, Ending Three-Day StrikeNJ Transit Train Engineers Strike, Disrupting Travel to NYCOne-

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