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Market Summary

U.S. markets pushed higher as tech and AI names led gains: S&P 500 and Dow hit fresh records while the Nasdaq lagged but remained firm. Volatility eased in core indexes even as oil wobbled on Venezuela headlines and gold rallied on geopolitical risk. Key catalysts: CES AI rollouts, Nvidia chip production news, and renewed energy supply uncertainty.

President Trump says Venezuela will hand over tens of millions of barrels to the U.S., a claim that could reshape crude flows and prompt geopolitical and commercial fallout. The stories cover the announced transfers and official figures tied to the plan.

Figure of the Day

50M – Maximum barrels Trump said Venezuela would send to the U.S.

U.S. military action in Venezuela has left American service members wounded and raised questions about operational risks and troop care. These reports track injuries and official Pentagon confirmations.

Chevron and private equity groups are lining up multi‑billion dollar bids for sanctioned Russian oil assets as Western firms reposition amid geopolitical shifts. Coverage details planned bids and market context.

Bullish

SanDisk surges after Nvidia flags memory demand

Sandisk shares leapt after Nvidia executives highlighted a major memory and storage shortage, boosting expectations for continued sector outperformance and fueling a broad rally in memory-related stocks.
More on bloomberg.com

Oil prices reacted sharply to U.S. political statements about Venezuelan crude, with benchmarks sliding after Trump’s remarks. The items show immediate market moves and volatility in WTI and Brent.

Elon Musk’s xAI raised fresh capital even as its Grok chatbot faces regulatory and reputational backlash. The pair of pieces cover the funding haul and a growing global outcry over generated imagery.

Bearish

IKEA to close seven China stores amid weak demand

IKEA said it will shut seven of its Chinese stores after a review found weaker customer traffic and tougher local competition, underscoring strains in global retail expansion strategies.

Nvidia used CES to push new AI platforms and accelerate chip production for China, triggering market moves in related stocks. These stories show product reveals and production updates tied to strong demand.

Morgan Stanley moved aggressively into spot crypto ETFs, signaling Wall Street’s deepening embrace of token‑linked investment products. The items cover filings and firm strategy on Bitcoin and Solana funds.

Regulatory Impact

China imposed export curbs on dual‑use goods and some rare earths to Japan; the EU carbon border adjustment is now in force; U.S. FDA narrows oversight of non‑medical wellness wearables; Trump administration freezes ~$10B in social‑service funds to five states.

China has reviewed Meta’s $2bn purchase of Manus amid export‑control concerns, prompting fresh scrutiny in Beijing. These stories track regulatory checks and differing reactions in Washington and Beijing.

Meta paused wider rollouts of its Ray‑Ban Display smart glasses as U.S. demand outstrips supply. The pieces show inventory issues and targeted pauses for Europe’s launch plans.

Quote

“We’re going to keep the oil.”

— President Donald Trump

Beijing imposed export curbs on dual‑use goods and rare earths aimed at Japan, escalating an economic‑security spat between two major economies. The stories record the new restrictions and targeted materials.

Ukraine reported heavy air‑defense action against a large Russian drone assault while allies met in Europe to discuss security guarantees. These reports connect battlefield events with high‑level diplomacy.

Widespread anti‑government protests in Iran have met harsh security force responses, with mounting fatalities and Tehran blaming foreign interference. The items cover violent clashes and official denunciations.

Local politics are heating up as large data‑center builds strain power and water systems, prompting calls to make data centers reduce consumption during grid stress. The items explore community backlash and grid proposals.

Markets posted unusual moves as risk assets climbed: the S&P and VIX both gained in a rare same‑day move while major U.S. indexes hit records. These pieces explain the market action and leadership by tech stocks.

Big pharma is accelerating M&A ahead of looming patent cliffs, while mid‑cap biotech Alumis posted pivotal phase‑3 wins that could reshape psoriasis competition. The cluster covers M&A drivers and a key clinical readout.

Strategic corporate deals reshaped healthcare and software sectors: Amgen bought a UK cancer biotech and Hg Capital agreed to take OneStream private in a major buyout. The entries show deal terms and market reactions.

The Pentagon moved to sharply increase air‑defense missile production as global tensions rise, boosting defense contractors’ stocks. These stories cover the production framework and market winners.

A split is emerging inside U.S. monetary policy circles: one Fed voice pushed for aggressive cuts while regional Fed banks showed resistance on a recent discount‑rate tweak. The pair highlights policy tensions heading into 2026.

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