NASDAQ:TROW

T. Rowe Price Gains as Retirement-Income Effort Gets First Major Test
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T. Rowe Price Gains as Retirement-Income Effort Gets First Major Test

T. Rowe Price shares rose 0.7% to $104.60 midday Tuesday after announcing a retirement-income partnership with Transamerica and TIAA. Assets under management climbed to $1.83 trillion in April, but net outflows reached $10.6 billion for the month. The firm set a $1.30 quarterly dividend, payable June 29. Veiel took over as president, keeping his CIO and co-head roles.
June 2, 2026

Stock Market Today

  • Australia and Oceania Microplate Washers Market Forecast to 2035: Growth Driven by Diagnostics and Automation
    June 2, 2026, 8:22 PM EDT. The Australia and Oceania microplate washers market is import-dependent, with over 85% of units sourced mainly from the U.S., Europe, and Asia. Market growth is projected at 4-6% CAGR through 2035, fueled by automation in clinical diagnostics and lab equipment upgrades. Australia dominates demand, accounting for 80% of value, with New Zealand and Pacific Islands as emerging segments. Market trends include increasing integration into liquid handling systems and rising demand for high well-density units, such as 384- and 1536-well washers, especially in genomics and drug discovery. Service contracts now contribute 5-10% of purchase costs, generating steady revenue. Challenges include 8-12 week supply chain lead times, regulatory compliance costs in Australia and New Zealand, and limited technical service coverage in Pacific Island nations.