Nvidia slid 6%, pressured by market-wide tariff concerns, though HSBC analyst Frank Lee’s downgrade to ‘Hold’ from ‘Buy’, driven by fears of slowing growth rather than tariffs, added to the sell-off.
Aldeyra Therapeutics CEO Todd C Brady said the company looks forward to a potential application resubmission by mid-year 2025, pending positive results from ongoing clinical trials and discussions with the FDA.
El-Erian warned that businesses and governments must abandon any hopes of a quick return to stability and instead build resilience, embrace volatility, and adapt in real time.
According to TheFly, JPMorgan stated that the hefty 20% tariff imposed on the European Union "represents the most significant incremental shock to the global outlook."
The company currently has testing permits in China, the United States, South Korea, and Luxembourg.
The brokerage noted that the larger-than-anticipated tariffs could lead to demand destruction for steel companies but acknowledged that negotiations and potential rollbacks remain possible.
The brokerage warned that semiconductor stocks could see at least a 20% additional downside if the tariffs trigger a recession.
The brokerage highlighted that since its public listing in April 2024, the company has mostly exceeded consensus expectations and continued executing its organic and inorganic growth strategy.
The report highlighted that the inadvertent deployment of the retractor pretensioner may lock the seatbelt, not allowing it to retract or extend and increasing the risk of injury in a crash.
Bitcoin’s mining power surged to record levels, but with fewer transactions filling blocks and the cryptocurrency’s price weakness, the rising hashrate may not translate to sustained profitability for miners.
