US Morning News Call | Trump Outlines New Tariffs on Drugs, Building Materials, and Trucks

Moomoo Breakfast US joined discussion · Sep 26 20:23

Before the Bell

On Friday, stock futures were largely unchanged as investors awaited important inflation data.

Futures tied to the $E-mini S&P 500 Futures (DEC5) (ESmain.US)$ rose 0.04%. $E-mini NASDAQ 100 Futures (DEC5) (NQmain.US)$ went down by 0.05%, and $E-mini Dow Futures (DEC5) (YMmain.US)$ went up 50 points, or 0.29%.

Top News

Trump Outlines New Tariffs on Drugs, Building Materials, and Trucks

President Donald Trump announced new tariffs, including 100% duties on imported pharmaceuticals unless the companies that make them are currently building plants in the U.S., 25% on heavy-duty trucks, 50% on kitchen cabinets and bathroom vanities, and 30% on upholstered furniture. These tariffs are scheduled to begin on October 1.

Trump Administration Targets 1:1 Ratio of Domestic to Imported Chips

The Trump administration is reportedly planning a new policy aimed at chip manufacturers, seeking to achieve a 1:1 ratio of domestically manufactured semiconductors to those imported from overseas. Companies that do not maintain this ratio over time could face tariffs.

Intel Seeks Investment from Apple, Discusses Manufacturing Cooperation with TSMC

$Intel (INTC.US)$ is reportedly seeking investment from $Apple (AAPL.US)$ as part of its business revitalization efforts. Discussions are underway between Intel and Apple for closer collaboration, though a deal is not guaranteed. Additionally, Intel has approached $Taiwan Semiconductor (TSM.US)$ regarding potential investment or manufacturing partnerships.

Trump Signs Executive Order Formalizing TikTok Agreement

President Donald Trump signed an executive order formalizing the agreement for TikTok's U.S. operations. The deal involves $Oracle (ORCL.US)$ , Silver Lake, and Abu Dhabi's MGX taking a combined 45% ownership stake in TikTok U.S., with ByteDance retaining a minority stake. The transaction values the business at $14 billion.

Tesla FSD V14 Set for Early Wide Release Next Week

Elon Musk announced that $Tesla (TSLA.US)$ 's Full Self-Driving (FSD) V14 is scheduled for an early wide release next week.

Crypto News

$Bitcoin (BTC.CC)$went down 0.47%; $Ethereum (ETH.CC)$ went up 0.19%.

SEC, FINRA Probe Suspicious Stock Trades Before Crypto Treasury Announcements

The U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) are investigating suspicious stock trades that occurred prior to announcements regarding crypto treasury holdings.

Cloudflare Plans to Launch Stablecoin 'NET Dollar'

$Cloudflare (NET.US)$ is planning to launch its own stablecoin called 'NET Dollar,' anticipating an expansion in the stablecoin market.

Google-Backed TeraWulf Plans $3 Billion Debt-Funded Data Center Expansion; Cipher Mining Signs $3 Billion AI Hosting Deal with Google

Google-backed Bitcoin miner $TeraWulf (WULF.US)$ plans a $3 billion debt-funded expansion of its data centers. Separately, $Cipher Mining (CIFR.US)$ has signed a $3 billion, ten-year AI hosting deal with $Alphabet-C (GOOG.US)$ , which includes a $1.4 billion guarantee from Google and a 5.4% equity stake for Google in Cipher.

SharpLink to Tokenize SBET Stock on Ethereum via Superstate's Opening Bell

$SharpLink Gaming (SBET.US)$ Gaming Ltd. plans to tokenize its SBET stock on the Ethereum blockchain through Superstate's Opening Bell platform.

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