US stocks pull back from record highs as investors await Fed commentary and key inflation data later this week. Gold hits fresh records while bitcoin retreats. Oracle (ORCL) announces a leadership transition, with CEO Safra Catz moving to executive vice chair and Clay Magouyrk and Mike Sicilia named co-CEOs. The shuffle comes after Oracle’s blowout cloud forecast and major AI deals. Big Tech also faces disruption from President Trump’s new executive order imposing a one-time $100,000 fee on all new H-1B visas, sparking concern in Silicon Valley and sending Indian IT stocks lower. Pfizer (PFE) agrees to acquire obesity drug startup Metsera for $4.9B upfront plus milestones. At the same time, Johnson & Johnson spin-off Kenvue (KVUE) slumps on reports that the Trump administration will warn pregnant women against Tylenol use.

Takeaways:

Stocks pull back as investors await Fed speeches and inflation data

Oracle names co-CEOs as Safra Catz transitions to executive vice chair

Trump orders $100K H-1B visa fee, rattling global tech sector

Pfizer buys obesity drug startup Metsera; Kenvue sinks on Tylenol autism report

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