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HBO said on Thursday that it has finalized an exclusive three-year deal with investigative journalist Ronan Farrow. The news of a potential deal was first reported in a Hollywood Reporter profile of Farrow, who back in October wrote a detailed account of disgraced former Hollywood producer Harvey Weinstein’s decades of sexual harassment and abuse. HBO, owned by Time Warner Inc. said that Farrow’s TV deal will begin later this year, but he will continue his reporting for the New Yorker magazine. Farrow will be responsible for developing and fronting a series of investigative documentary specials that will document abuses of power by individuals and institutions. “Ronan Farrow’s extraordinary, revelatory reporting for the New Yorker has helped to propel a string of other investigations, breakthroughs and overdue conversations,” said HBO head of programming Casey Bloys. “We are excited to provide a platform for this dogged reporter to pursue projects that continue to speak truth to power.” Shares of Time Warner have declined more than 2% in the last 12 months, while the S&P 500 index is up more than 21% and the Dow Jones Industrial Average is up more than 27%.

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Gold prices climbed Thursday for a second session to settle at their highest since mid-September as weakness in the U.S. dollar prompted the greenback to turn a bit lower for the week. February gold rose $3.20, or 0.2%, to settle at $1,322.50 an ounce–the highest since Sept. 15, according to FactSet data.

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Treasury yields retreated Thursday afternoon following a successful 30-year bond auction. Bond yields rose earlier after minutes from the European Central Bank’s December meeting showed senior officials were looking to change its policy guidance to reflect the strengthening eurozone, drawing speculation the ECB would stop its bond purchases earlier than expected. The 30-year bond yield was down 1.9 basis point to 2.872%, according to Tradeweb. The 10-year note yield fell 0.9 basis point to 2.540%. The 2-year note yield was at 1.977%. The bid-to-cover ratio stood at 2.74, the highest since Dec. 2014. Treasurys trading can be influenced by sales of government paper. The bid-to-cover gives a sense of appetite for the auction, a number showing the ratio of total bids received to bids accepted. “This depth of demand should allay some concerns about a runaway increase in yield,” wrote Aaron Kohli, fixed-income strategist for BMO Capital Markets.

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Dropbox Inc. has filed confidential initial public offering documents with the Securities and Exchange Commission and aims to list its stock in the first half of the year, according to a Bloomberg report Thursday. Dropbox shares are worth between $8.15 and $12.63, with the last private fundraising round valuing the business at $10 billion as of January 2014, according to a Wall Street Journal report. Unlike last year’s IPOs of Snap Inc. and Blue Apron Holdings Inc. , investors will be able to compare it with an already public direct competitor: Box Inc. . And the bankers reportedly leading the deal, Goldman Sachs and JPMorgan, will have an easier time assessing the company’s value and share price ahead of its listing.

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The Senate Banking Committee will take another vote next Wednesday on the nomination of Jerome Powell to lead the Federal Reserve, according to a report by Politico. All but one member of the banking panel backed Powell in the first vote last month. The White House had to resubmit Powell’s nomination to the committee given that a new session of Congress started this month.

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Buffalo Wild Wings Inc. announced full-year sales guidance that misses FactSet consensus. The restaurant chain expects systemwide same-store sales for the year ending Dec. 31, 2017 to be in the range of about a 1.6% to 1.7% decline. Revenue is expected to be in the range of $2.067 billion and $2.069 billion. The FactSet consensus is for a same-store sales decrease of 1.5% and sales of $2.071 billion. Shares are nearly unchanged in Thursday trading, but are up 1.7% for the past year. The S&P 500 index is up 21.1% for the last 12 months.

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The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas fell by 359 billion cubic feet for the week ended Jan. 5. Analysts surveyed by S&P Global Platts forecast a decrease of 337 billion, while the five-year average withdrawal is 169 billion. Total stocks now stand at 2.767 trillion cubic feet, down 415 billion cubic feet from a year ago, and 382 billion below the five-year average, the government said. February natural gas rose 11.5 cents, or 4%, to $3.021 per million British thermal units, down from $3.034 before the data.

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U.S. stocks opened with modest gains on Thursday, as investors viewed the recent uptrend in equities as intact, though they held off from making big bets going into the earnings season and amid questions surrounding the bond market. The Dow Jones Industrial Average rose 0.2%, or 52 points, to 25,420. The S&P 500 added 5 points, or 0.2%, to 2,753. The Nasdaq Composite Index gained 13 points, or 0.2%, to 7,166. All three are coming off their first negative session of 2018, and are near record levels. The day’s trading could be slight as investors look ahead to the start of the fourth-quarter earnings season, which will unofficially begin on Friday with the release of results from J.P. Morgan Chase & Co. , among other large-capitalization banks. The stock, a Dow component, rose 0.4% in early trading. Investors continued to pay attention to the bond market after China’s foreign-exchange regulator on Thursday dismissed a Bloomberg News report suggesting Beijing is looking to pare back on U.S. bond buys as “false news.”

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