Nike named Cimarron Nix as Chief Sustainability Officer to lead its enterprise-wide environmental strategy. A company veteran since 2017, Nix transitions from her current VP role on March 15 to report directly to the COO.

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Crude oil prices surged as the Strait of Hormuz bottleneck trapped 20% of global supply, sending tanker charter costs up 900%. Despite U.S. naval escort offers, experts warn the conflict could cost the economy up to $210 billion.

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Gold (XAU/USD) rallied toward $5,200 as intensifying US-Iran hostilities sparked heavy safe-haven buying. Bullish technical signals persist, though rising Treasury yields and energy-driven inflation fears could limit further gains.

Broadcom shares jumped 5% after quarterly AI revenue doubled and the company raised its sales outlook. CEO Hock Tan projects AI chip revenue will top $100 billion by 2027, fueled by massive demand from hyperscale customers.

The British Pound (GBP) faces stagflation risks as Middle East conflict drives energy costs higher. Meanwhile, strong US private employment data bolsters the Dollar, keeping the GBP/USD pair under significant pressure.

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Argus upgraded Pfizer to Buy with a $35 price target, citing strength in its GLP-1 and oncology pipelines. The biopharma giant also secured full FDA approval for BRAFTOVI, bolstering its long-term revenue growth outlook through 2028.

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