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AP News Summary at 4:28 p m EDT

Stocks rally, bonds soar after Britain calms markets

Stocks on Wall Street soared to their first gain in more than a week as some calm returns to financial markets around the world.

Biogen stock increases as Alzheimer s drug shows promise in early results of study

Eisai announced results from a global study of nearly 1,800 people with early-stage Alzheimer’s. The drugmaker said early results showed that its treatment, lecanemab, reduced patient clinical decline by 27% when compared to a placebo or fake drug after 18 months of the infused treatment.

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