Good evening, this is Markets Desk with your closing brief.
The Starlink dispute between Elon Musk and Ukraine is sharpening. Musk has accused Ukrainian forces of using commercial Starlink terminals to guide drone strikes, a claim two senior Ukrainian drone officials flatly deny, saying the civilian network simply lacks the technical capacity for offensive targeting. The line between Starlink and its military-grade sibling Starshield sits at the center of this argument, and neither side is standing down.
Shifting to pharmaceuticals, billionaire Ken Griffin has been building a position in AbbVie, the dividend heavyweight that has raised its annual payout for five consecutive decades. Wall Street still carries a buy consensus on the name, and Griffin's move suggests institutional conviction that AbbVie's post-Humira pipeline can sustain that income profile well into the next cycle.
And on the labor front, a sobering read from the Federal Reserve Bank of New York. Roughly forty-two percent of recent college graduates between twenty-two and twenty-seven are working jobs that never required a degree. That underemployment figure is trending upward, and it raises real questions about the return on investment of higher education at a time when student debt loads remain historically elevated.
That's the tape. Markets Desk, signing off the floor.
