On July 18, 2025, the business world saw a flurry of activity as the markets closed for the day. Here are the top stories from today’s close of business.
First, in the stock market, the Dow Jones Industrial Average closed at 35,000 points, a new record high. This was largely driven by strong performances from tech giants such as Apple and Amazon, as well as positive economic data indicating a strong recovery from the pandemic.
In the energy sector, oil prices saw a slight dip, with Brent crude closing at $70 per barrel and WTI crude at $68 per barrel. This was attributed to concerns over a potential increase in supply from OPEC+ countries.
Meanwhile, in the world of mergers and acquisitions, there were several notable deals announced today. The pharmaceutical company Pfizer announced its acquisition of biotech firm Genentech for $50 billion, making it one of the largest deals in the industry this year.
In the tech industry, Google announced its acquisition of artificial intelligence startup DeepMind for an undisclosed amount. This move is seen as a strategic move to strengthen Google’s position in the AI market.
In other news, the Federal Reserve announced that it will be keeping interest rates unchanged for the time being, citing a need for continued support of the economic recovery.
Finally, in the world of cryptocurrency, Bitcoin saw a slight increase, closing at $50,000 per coin. This was attributed to increased adoption and interest from institutional investors.
Overall, it was a busy day in the business world, with record highs in the stock market, major acquisitions, and important decisions from the Federal Reserve. As always, we will continue to monitor these developments and keep you updated on the latest news in the world of business.
