U.S. markets rebounded on Friday with S&P 500, Nasdaq, and Dow posting gains after a report showed inflation steady but still elevated. Tech and pharma stocks moved sharply following Trump’s tariff announcements. Despite political uncertainties, investor appetite rose on solid consumer spending data.
The Trump administration intensifies trade actions with sweeping tariffs targeting pharmaceuticals, heavy trucks, and furniture imports, stirring uncertainty in global markets and domestic industries.
100% – New tariff rate on imported branded pharmaceutical drugs starting October 1, 2025.
Electronic Arts nears a landmark $50 billion deal to go private, attracting major investors including Silver Lake, Saudi sovereign funds, and Jared Kushner’s Affinity Partners, signaling a major consolidation in gaming.
The U.S. Supreme Court extends its support to Trump by allowing the freeze of billions in foreign aid, marking a significant legal victory for the administration amid ongoing political tensions.
Electronic Arts Nears $50B Deal to Go Private, Stock Soars
Electronic Arts is reportedly close to a landmark $50 billion deal to go private, attracting major investors and surging its stock price.
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James Comey, former FBI director and long-time Trump critic, faces two-count indictment for false statements and obstruction, escalating President Trump’s campaign against political opponents.
TikTok’s U.S. operations reach a controversial $14 billion valuation in Trump-approved deal, with major investors set to take control, raising questions about future ownership and China’s role.
James Comey Indicted in Obstruction and False Statement Case
Former FBI Director James Comey faces indictment, escalating political tensions and advancing President Trump’s campaign against opponents.
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Federal Reserve’s favored inflation gauge shows slightly accelerated inflation in August, keeping pressure on policymakers amid a strong labor market and mixed economic signals.
Amazon agrees to a historic $2.5 billion settlement over alleged deceptive practices involving Prime memberships, affecting millions of consumers nationwide.
The Trump administration announced new tariffs imposing 100% duties on imported branded drugs unless manufactured in the US, 25% on heavy trucks, and 30-50% on furniture, effective October 1, 2025.
US government faces potential partial shutdown with political standoff intensifying; leaders warn of impacts on services and federal workforce furloughs.
Microsoft expands A.I. data center footprint with sustainability focus, intensifying competition in the tech sector amid booming AI demand.
There will be others: expect more political prosecutions ahead.
— President Donald Trump
Nvidia CEO highlights OpenAI’s potential as the next multi-trillion-dollar company, underscoring Nvidia’s dominance in the AI chip market.
Tesla rebounds to a $1.1 trillion market cap, outpacing traditional carmakers, despite recent tensions between Elon Musk and the Trump administration.
US imposes stricter rules on non-citizen commercial driver licenses after fatal crashes, tightening national transportation safety standards.
Cybersecurity agencies issue emergency directives amid critical hacking campaigns targeting Cisco networks, signaling escalating cyber threats.
U.S. military conducts multiple strikes on suspected Venezuelan drug traffickers amid heightened tensions and President Trump’s operational demands.
Chinese industrial profits indicate slight growth in Jan-August period, showing tentative signs of economic recovery despite challenges.
Electronic Arts surges on news of $50 billion private buyout, potentially the largest leveraged buyout in gaming history.
The U.S. Commerce Department is considering tariffs on foreign electronic devices based on chip content, signaling aggressive moves to boost domestic manufacturing.
The Biden administration braces for volatile market reactions amid persistent inflation and President Trump’s aggressive tariff policies.