Constellation Brands, parent company of Modelo, lowered its forecast due to decreased beer demand and tariffs. U.S. equities dropped after a court ruling against Trump’s tariff policy. Kraft Heinz split into two companies, causing a decline in shares. Activist investor Elliott Management took a $4 billion stake in PepsiCo to boost stock price. Biogen shares rose after FDA approval of Alzheimer’s treatment. Corning shares increased due to demand for AI products. Oil futures and gold prices surged, while the dollar strengthened against major currencies.

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