Citigroup strategists led by Andrew Hollenhorst wrote in a Monday analyst note that the surprisingly strong jobs report, coupled with faster-than-expected wage growth, could "make a 75 basis-point hike in September very likely and raise the potential for further super-sized increases." 

A 100 basis-point increase would be the first of its size since the Fed started announcing moves in the overnight federal funds rate in 1994 and would put the benchmark range between 3.25% and 3.50%. 

Disney World prices surge 3,871% over 50 years, chart shows
Data from a chart posted online indicates that ticket prices for Walt Disney World have gone up by at least 3,871% since it first opened in 1971. An animated chart posted on TikTok by the user piechartpirate shows the increases over the passage of time, showing how it greatly outpaces increases in wages, rent, and gas prices.

Pfizer agrees to $5.4B deal for Global Blood Therapeutics

Pfizer Inc. has agreed to buy Global Blood Therapeutics Inc. for $5.4 billion, in a deal that would give the big drugmaker a foothold in the treatment of sickle-cell disease.

Pfizer said Monday it would pay $68.50 a share in cash for Global Blood Therapeutics, which has one of the few approved treatments for sickle-cell disease. The Wall Street Journal reported Friday that the companies were in advanced talks.

The acquisition continues a string of deals for Pfizer, which is flush with cash from sales of its Covid-19 vaccine and drug. It has said it wants to add $25 billion in revenue from business-development moves like mergers and acquisitions by 2030.