Workers' health care costs may increase next year as employers cut health benefits to cope with rising expenses.

The S&P 500 ticked 0.3% higher on Wednesday, July 16, 2025, as President Trump sought to ease concerns that a dismissal of Fed Chair Jerome Powell could be imminent.

Shares of struggling drug developer Sarepta Therapeutics skyrocketed nearly 40% in extended trading Wednesday after the company unveiled a major restructuring plan.

Netflix is scheduled to report earnings after the bell Thursday, with traders expecting shares could swing after the results.