Wall Street giant Morgan Stanley promoted 173 of its employees to managing director roles this year, marking a 12% increase from 2024, a source close to the matter told Reuters on Wednesday.

Morgan Stanley’s Asia wealth chief is looking to boost the number of staff dealing with its richest customers as the US lender pushes ahead with its regional expansion.

These 173 leaders will help steer the firm as Wall Street readies for a potential flood of dealmaking, from M&A to IPOs.

Stanley dropped new colors to its recently-released New Frequency Collection and these tumblers have a unique color design we've never seen before. Here's where to grab them before their gone.

Stanley has released its second Quencher collection of 2025, and inventory is already selling out. Stanley’s The New Frequency Collection includes two new tie-die Quenchers called Coastal Teal Motion and Rose Petal Motion along with two new Glitter Quenchers in purple (Periwinkle Shimmer) and light pink (Rose Petal Shimmer).

Like we’ve said in our other Stanely stories, new year, new Stanleys. Stanley had a surprise drop on the “New Frequency” collection starting at $35 for The New Frequency Quencher H2.O FlowState Tumbler | 30 OZ and The New Frequency Quencher ProTour Flip Straw Tumbler | 30 OZ.

Morgan Stanley has upgraded Gilead Sciences (NASDAQ:GILD) to overweight from equal weight, citing the company's HIV drug lenacapavir. The investment bank said it was "leaning into the bull case," seeing "the potential for upward estimate revisions on lenacapavir for PrEP and further multiple expansion as the company makes progress with its

Morgan Stanley upgraded Gilead Sciences Inc (NASDAQ:GILD) to "overweight" from "equal weight," raising its price target to $113 from $87 on HIV prevention drug Lenacapavir (PrEP) and next-gen HIV treatments.