Gold prices, BioNTech to acquire CureVac, Tapestry upgrade

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Yahoo Finance host Josh Lipton tracks today's top moving stocks and biggest market stories in this Market Minute, including gold prices (GC=F) moving up on President Trump's latest trade tariff plans, BioNTech's (BNTX) acquisition of German rival CureVac (CVAC), and TD Cowen's upgrade on Tapestry (TPR).

Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

00:00 Speaker A

It's time for Yahoo! Finance's market minute. Gold jumped today, hitting its highest level since June 5th. This is Trump renewed his threat to impose, quote, take it or leave it tariffs on trading partners. Plus, we did get some downbeat labor market data this morning. Continuing unemployment claims hitting their highest level in almost four years. The yellow metal up about 2% while stocks muted as investors go risk off here. While shares of German biopharma company CureVac soaring over 30% as its rival Biontech announces it will acquire the company in all an all-stock deal valued at about $1.25 billion. The acquisition is expected to strengthen Biontech's development of MRNA-based cancer therapies. And tapestry getting an upgrade to buy from hold at TD Cowen with a price target of $100. The analyst citing brand momentum at Coach, saying its surveys indicate indicate, quote, strong brand heat and preferences among Gen Z. And that's your Yahoo! Finance market minutes. Scan the QR code below to track the best and worst performing stocks for this session.