Wall Street bounced back after inflation data aligned with expectations, with the S&P 500, Dow, and Nasdaq posting gains following a three-day slide. Electronic Arts shares surged on a blockbuster $50 billion buyout report, fueling tech optimism even as tariff announcements from the White House injected uncertainty in pharma and manufacturing sectors. Markets remain watchful ahead of possible government shutdown and Fed policy signals.
Video game giant Electronic Arts nears a historic $50 billion leveraged buyout deal, signaling a major privatisation in the gaming sector.
$50 billion – Projected valuation of Electronic Arts’ leveraged buyout deal.
President Trump expands tariffs targeting pharmaceuticals, heavy trucks, and furniture, risking price hikes and market disruptions internationally.
Microsoft cuts off Israeli military’s access to Azure and AI services amid allegations of surveillance, complicating tech support for Israeli defense operations.
Amazon’s $2.5B FTC Settlement Sets Consumer Protection Milestone
Amazon agreed to a $2.5 billion settlement over deceptive Prime subscription practices, marking a significant win for consumer rights and regulatory enforcement.
More on cnet.com
Danish military confirms recent drone sightings at military sites, heightening security concerns and signaling potential new aerial threats.
US Federal Reserve’s preferred inflation gauge shows slight acceleration in August, maintaining pressures on policymakers amid economic growth.
Trump’s Tariffs Risk Major Price Hikes Across Pharma and Home Goods
President Trump’s new tariffs on pharmaceuticals, trucks, and furniture threaten to elevate costs for consumers and disrupt supply chains, sparking market uncertainty.
More on zerohedge.com
Supreme Court delivers significant rulings favoring President Trump, allowing continued freezing of $4 billion in foreign aid amid political and budget tensions.
Electronic Arts stock rallies sharply as multiple reports confirm talks for a massive $50 billion leveraged buyout involving major investors.
Trump administration rolls out aggressive tariff policies imposing 100% duties on branded pharmaceuticals, 25% on heavy trucks, and 50% on furniture, with exemptions yet unclear. The Supreme Court authorizes holding $4 billion in foreign aid frozen, intensifying budget and geopolitical tensions.
Jimmy Kimmel Show returns to local TV stations after a brief nationwide boycott, ending weeks of preempted broadcasts by major media companies.
Truck and furniture makers brace for impact as President Trump announces sweeping new tariffs, stirring concerns over construction and manufacturing costs.
There will be others — this is just the beginning.
— President Donald Trump on forthcoming legal targets after Comey indictment
Amazon reaches a historic $2.5 billion settlement with the FTC over deceptive Prime subscription practices, setting a new benchmark in consumer protection cases.
US soybean farmers face severe export challenges as China blocks imports amid escalating trade conflicts, pressuring the American agriculture sector.
Tesla’s market value surpasses the combined worth of the world’s big car makers, highlighting its dominance despite recent challenges in sales and leadership tensions.
Federal agencies issue urgent cybersecurity directives amid a massive hacking campaign targeting Cisco systems, emphasizing rising cyber threats to critical infrastructure.
President Trump intensifies legal crackdown on rivals with the indictment of James Comey and signals future prosecutions targeting political opponents.
US government faces a looming shutdown as political negotiations falter; Senate GOP warns of shutdown without Democratic concessions on healthcare.
Apple continues expansion with major real estate purchases and internal development of AI-powered Siri enhancements, positioning for future competitive tech advances.
Pharmaceutical stocks mostly rally after President Trump’s new tariff plan on drugs sparks mixed reactions, with major firms better positioned for exemptions.
The US Fed signals potentially needed rate cuts amid signs of job market fragility and inflation dynamics, increasing market anticipation for monetary policy shifts.