📈 Stocks / Finance

Markets rise as court freezes Trump-era tariff

CBS News

U.S. stock futures surged after a federal court ruled Trump exceeded his authority in imposing key tariffs. The 10% base levy and other duties on China, Mexico, and Canada were voided. S&P 500 futures rose 1.1%; Japan's Nikkei jumped 1.9%. The ruling is under appeal.

Uber drops 4.5% on Tesla robotaxi threat

Investor’s Business Daily

Uber stock fell 4.5% to $84.30 after reports Tesla may launch a robotaxi service in Austin by June 12. The move stoked concerns over autonomous competition. Analyst Scott Devitt downgraded Uber, citing a 'gradually then suddenly' risk to its business model.

Moderna Drops as HHS Cancels $766M in Bird Flu Vaccine Funding

Investor’s Business Daily

Moderna shares remain pressured after HHS canceled $766M in bird flu vaccine grants. Q1 revenue missed at $86M vs. $107.3M est. Covid vaccine sales fell 50% YoY. Stock has lost ~95% since 2021 peak and holds weak technicals with an RS Rating of 5 and Composite Rating of 7.

🪙 Crypto

Ethereum vs. Cardano: Philosophical and Technical Trade-Offs

Forbes

Ethereum and Cardano both use proof-of-stake but diverge in execution and philosophy. ETH prioritizes composability and Layer-2 scaling, while ADA emphasizes formal security and real-world use in emerging markets. ETH yields 3–4%; ADA offers 1.7–2% with easier access.

🌎 Global Economy

IMF warns global public debt could hit 100% of GDP

Proshare

IMF projects global public debt may reach 100% of GDP by 2030, with 80% of global output tied to countries where debt is both elevated and accelerating. Two-thirds of nations now carry heavier debt loads than pre-COVID, raising fiscal sustainability concerns.

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