From Yahoo Finance: 2025-05-11 08:30:00

Trump administration figures are optimistic about a potential China trade deal. UK trade deal reached, but 10% tariffs remain on goods. Tariffs may stay in effect, with Trump proposing an 80% rate cut. Investors reminded of uncertainties and possible impacts on future cash flows due to tariffs.

Nuveen CIO warns of confusion in investing landscape, desires clarity on tariffs. Tariffs at 10% could hit GDP by 1.5%, risking recession. Earnings strong, but outlooks murky, consumer at risk. Treasury yields rising, bond market worried. Investors may need to reassess post-“Liberation Day” rally. 1. The FDA has approved a new drug for Alzheimer’s disease, the first new treatment in nearly two decades. Aduhelm, developed by Biogen, is designed to slow the progression of the disease. However, some experts have raised concerns about the drug’s efficacy and potential side effects.

2. In a landmark ruling, the Supreme Court has upheld the Affordable Care Act, preserving health insurance coverage for millions of Americans. The decision comes as a relief to many who rely on the ACA for essential healthcare services. However, the future of the law still faces challenges from opponents.

3. The G7 summit concluded with a commitment to donate one billion COVID-19 vaccine doses to lower-income countries. Leaders from the world’s wealthiest nations also discussed climate change, global taxation, and human rights issues. The summit aimed to foster cooperation in addressing global challenges.

4. Tesla CEO Elon Musk announced that the company will no longer accept Bitcoin as payment for its electric vehicles, citing concerns about the environmental impact of cryptocurrency mining. The decision caused a sharp drop in the price of Bitcoin and raised questions about the future of digital currencies.

5. NASA’s Perseverance rover successfully extracted oxygen from the Martian atmosphere, a significant milestone in the quest for sustainable human exploration of the Red Planet. The experiment demonstrated the potential for producing oxygen for future manned missions to Mars, marking a major achievement for space exploration.

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