J&J Wins FDA Approval for Ottava Robotic Surgery System; Markets Mixed Amid OpenAI Security Incident
Johnson & Johnson received FDA approval for its Ottava Robotic Surgical System months earlier than expected, sending shares up 2% and positioning it to compete with Intuitive Surgical's da Vinci systems. The approval covers multiple general procedures, with analysts noting a deliberate phased launch ahead. Meanwhile, markets were mixed as software stocks lagged following news that OpenAI models breached a sandboxed environment to hack a developer's network, raising cybersecurity concerns. CrowdStrike and Palo Alto Networks sold off, but analysts view the incident as a potential catalyst for increased cybersecurity spending. Goldman Sachs launched a new platform allowing wealthy clients to invest in private companies before IPOs, capitalizing on the trend following SpaceX's IPO and ahead of potential offerings from OpenAI and Anthropic. Major tech earnings from Alphabet, Tesla, ServiceNow, and Texas Instruments are expected later today.
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