{"id":65946,"date":"2026-08-04T11:38:16","date_gmt":"2026-08-04T15:38:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/p-atlanta-fed-trims-q3-gdp-outlook\/65946\/"},"modified":"2026-08-04T11:38:16","modified_gmt":"2026-08-04T15:38:16","slug":"p-atlanta-fed-trims-q3-gdp-outlook","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/p-atlanta-fed-trims-q3-gdp-outlook\/65946\/","title":{"rendered":"P&#038;G to Acquire Thorne for $3.8 Billion; Atlanta Fed Trims Q3 GDP Outlook"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Procter &amp; Gamble (<a href=\"\/stock\/PG\">PG<\/a>)<\/strong> announced a <strong>$3.8 billion<\/strong> acquisition of premium wellness brand <strong>Thorne<\/strong> to bolster its health and supplements portfolio.<\/li>\n<li>The <strong>Atlanta Fed\u2019s GDPNow<\/strong> model revised its <strong>Q3 2026<\/strong> growth estimate down to <strong>5.86%<\/strong> from a previous <strong>6.18%<\/strong>.<\/li>\n<li><strong>Moderna (<a href=\"\/stock\/MRNA\">MRNA<\/a>)<\/strong> initiated a <strong>Phase 1<\/strong> clinical trial in Canada for <strong>mRNA-1469<\/strong>, a vaccine targeting the <strong>Bundibugyo ebolavirus<\/strong>.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> and <strong>DDN<\/strong> partnered to launch new GPU-driven data access technology aimed at accelerating <strong>next-generation AI<\/strong> workloads.<\/li>\n<li><strong>European equity markets<\/strong> closed higher, led by Germany&#39;s <strong>DAX<\/strong>, which gained <strong>0.85%<\/strong> on Tuesday.<\/li>\n<\/ul>\n<h2>Corporate M&amp;A and Partnerships<\/h2>\n<p><strong>Procter &amp; Gamble (<a href=\"\/stock\/PG\">PG<\/a>)<\/strong> CEO Shailesh Jejurikar confirmed in a <strong>CNBC<\/strong> interview that the consumer goods giant will acquire <strong>Thorne<\/strong>, a high-end wellness and supplements brand, for <strong>$3.8 billion<\/strong>. Jejurikar described Thorne as a &quot;premium wellness&quot; asset that aligns with the company&#39;s strategy to expand its footprint in the rapidly growing health sector. The deal is expected to be formally announced later today, marking a significant move for P&amp;G&#39;s healthcare division.<\/p>\n<p>In the technology sector, <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> and <strong>DDN<\/strong> announced a collaboration to enhance <strong>GPU-driven data access<\/strong>. The partnership aims to optimize how GPUs interact with massive datasets, reducing latency for <strong>next-generation AI<\/strong> applications. By streamlining data movement, the companies intend to maximize the efficiency of AI infrastructure for enterprise customers.<\/p>\n<h2>Economic Indicators and Global Markets<\/h2>\n<p>The <strong>Atlanta Fed&#39;s GDPNow<\/strong> model updated its tracking estimate for <strong>third-quarter 2026<\/strong> real GDP growth to <strong>5.86%<\/strong>, down from the <strong>6.18%<\/strong> projected on August 3. Despite the slight downward revision, the figure remains exceptionally high, reflecting robust underlying economic momentum. <em>Market participants are closely watching these &quot;nowcasts&quot; as a real-time gauge of U.S. economic health ahead of official government data.<\/em><\/p>\n<p>European markets showed broad strength during Tuesday&#39;s session. Germany&#39;s <strong>DAX<\/strong> outperformed its peers with a <strong>0.85%<\/strong> rise, while France&#39;s <strong>CAC 40<\/strong> and Spain&#39;s <strong>IBEX<\/strong> climbed <strong>0.52%<\/strong> and <strong>0.38%<\/strong>, respectively. Britain&#39;s <strong>FTSE 100<\/strong> lagged slightly but still managed a <strong>0.3%<\/strong> gain as investors digested a mix of corporate earnings and geopolitical developments.<\/p>\n<h2>Healthcare and Commodities<\/h2>\n<p><strong>Moderna (<a href=\"\/stock\/MRNA\">MRNA<\/a>)<\/strong> has officially started a <strong>Phase 1<\/strong> clinical trial for <strong>mRNA-1469<\/strong> in Canada. The vaccine is designed to combat the <strong>Bundibugyo ebolavirus<\/strong>, a rare strain for which no licensed vaccine currently exists. This trial is part of a broader partnership with the <strong>Coalition for Epidemic Preparedness Innovations (CEPI)<\/strong>, which has committed up to <strong>$50 million<\/strong> to support the development and manufacturing of the candidate.<\/p>\n<p>In the commodities market, the <strong>Global Dairy Trade (GDT)<\/strong> Price Index saw a marginal increase of <strong>0.1%<\/strong> in the latest auction, with the average winning price reaching <strong>$3,778 per metric ton<\/strong>. Meanwhile, geopolitical tensions in the Middle East remain in focus as <strong>Iran and Oman<\/strong> reportedly entered a new phase of talks regarding a shipping corridor in the <strong>Strait of Hormuz<\/strong>. <em>While an agreement is said to be &quot;within reach,&quot; Iranian officials continue to cite U.S. obstruction as a primary hurdle to finalizing the deal.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Procter &amp; Gamble (PG) announced a $3.8 billion acquisition of premium wellness brand Thorne to bolster its health 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