Markets rallied modestly after a brief slump, with the S&P 500 edging higher on steady inflation data. Tech stocks led gains fueled by Nvidia’s AI deals, while pharmaceutical and heavy truck sectors adjusted to new tariffs, reflecting mixed investor sentiment amid ongoing geopolitical and economic pressures.
President Trump initiates sweeping tariffs targeting pharmaceuticals, heavy trucks, and furniture, intensifying trade tensions and affecting major industry sectors. The move has sparked market reactions and raised concerns about potential impacts on consumers and global trade relations.
100% – Tariff rate imposed by Trump on imported branded pharmaceuticals.
The Justice Department has indicted former FBI Director James Comey on charges of making false statements and obstruction, marking a significant escalation in political retribution under President Trump. The indictment has stirred intense political and legal debate.
TikTok’s future in the U.S. remains in flux as President Trump signs an executive order approving a controversial deal valuing the app’s US operations at $14 billion. The deal faces skepticism both domestically and from China, prolonging uncertainty over ownership and regulatory approvals.
Anthropic Plans to Triple Workforce Amid AI Boom
Anthropic accelerates global hiring, tripling its international staff and expanding AI teams fivefold to meet growing enterprise demand.
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Boeing prepares to regain authority to certify 737 Max and 787 Dreamliner jets after years of FAA restrictions, signaling a potential turnaround for the aerospace giant amid ongoing production and delivery challenges.
Amazon settles with the FTC for $2.5 billion over allegations of deceptive Prime subscription practices, marking a historic penalty. The settlement includes significant consumer refunds, impacting millions and shaking consumer trust.
Comey Indicted in Trump DOJ Political Retaliation
Former FBI Director James Comey faces charges of lying to Congress and obstruction, escalating a politically charged prosecution under Trump’s administration.
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Federal Reserve officials signal growing debate around rate cuts as inflation shows signs of easing but consumer spending remains resilient. The data complicate market expectations on timing and extent of monetary policy adjustments.
Microsoft restricts cloud and AI services to Israeli military amid allegations of mass surveillance on Palestinians, reflecting escalating geopolitical tech governance tensions and raising questions about corporate ethics in conflict zones.
The Trump administration imposed new tariffs including a 100% duty on imported pharmaceuticals without US manufacturing presence, effective October 1, affecting global trade and domestic pricing.
Wall Street enthusiasm for Nvidia remains strong with the company expanding investments in AI and computing, underscored by its record deals with OpenAI and other tech firms, boosting investor confidence despite market volatility.
Anthropic accelerates global AI expansion, tripling international workforce and boosting applied AI teams fivefold, responding to surging demand for enterprise AI applications outside the U.S.
“I think there will be others.”
— President Donald Trump on future prosecutions following Comey indictment
Cryptocurrency markets face sharp sell-offs as Bitcoin slips below $110,000 amid widespread liquidations exceeding $1 billion. The downturn fuels concerns of a corrective phase, impacting investor sentiment in digital assets broadly.
US government shutdown looms with the White House threatening mass federal employee firings if budget impasse continues. The escalating standoff raises stakes for federal operations and economic stability.
Costco posts solid fiscal Q4 earnings with strong sales growth despite uncertain consumer spending trends. The retailer focuses on essentials and maintains signature pricing strategies amid economic headwinds.
Trump administration’s new H-1B visa fee of $100,000 sparks industry backlash over innovation risks. Major tech executives warn the tariff-like fee could stifle startups and reduce talent inflow.
JP Morgan downgrades IREN stock sharply after weaker performance outlook, injecting caution in energy sector equities alongside mixed market sentiment on miners and AI pivots.
Pfizer advances obesity drug race with a $7.3 billion acquisition, signaling intensified pharmaceutical innovation focus despite U.S. tariffs and market challenges.
US crude oil rig count rises to highest since June amid strengthening energy market dynamics. This expansion reflects resilience in oil production despite global uncertainties.
Netflix’s data-driven approach to film production has led to generic content, sparking debate about creativity and audience engagement in streaming platforms.
Chinese stocks surge in 2025, attracting domestic and foreign investors confident in sustained economic growth, driven by technology and green energy sectors despite global geopolitics.
Intel’s stock surges on renewed domestic chip manufacturing push and potential collaboration with TSMC, reflecting strategic shifts amid intensifying US-China tech competition.
Amazon faces government scrutiny and legal setbacks, including a $2.5 billion FTC settlement over deceptive Prime subscription tactics, impacting its reputation amid wider antitrust and regulatory pressure.