Putin’s party loses majority but still dominant in Russian elections
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Semiconductor slide and tech resilience mark today's market
- Microsoft shares are higher as Pershings Ackman bets on the company
- China Foreign Minister:XI to visit the US in the Fall
- Major US indices open sharply lower led by the NASDAQ and the Russell 2000
- US industrial production for April 0.7% versus 0.3% estimate
- The USD continues to move higher as yields move higher
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EVLV up 35.9% YTD, but posts $33M loss. Lane Generational buys $4.8M stake. Growth vs. profitability debate.
NVO down 7.5% YTD; competition heats up for Wegovy/Ozempic. Sell NVO at $46.
Strategy repays $1.5B debt, eyes Bitcoin sales for dividends. Stock up 18% YTD, below highs.
HIMS revenue misses but guides higher; EPS plunges. Strategic pivot impacts margins, AI investment ramps.
POET drops 9.4% after wider loss, but raises $400M at $21/share, diluting existing holders.
Nvidia, AMD, Intel slide 4-6% on China summit chip deal hopes dashed. AI fervor cools.
Ackman buys MSFT at 21x forward earnings, betting on AI-boosted Azure & 365 despite Q1 dip.
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