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US and China reach deal to temporarily slash tariffs, easing slump fears
By Emma Farge and Olivia Le Poidevin GENEVA (Reuters) - The United States and China have agreed to temporarily slash reciprocal tariffs in a deal that surpassed expectations as the world's two biggest... More
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- Dollar surges after China-US truce improves growth outlook
- Warsh, a potential Trump fed pick, challenges need for job loss to curb inflation
- Fed's Barr: Trump tariffs seen lifting inflation, weighing on growth this year
- Piper Sandler downgrades Expedia as Q1 results show weak B2C trends
- BofA raises Microchip on sales inflection and cost cuts
- Walmart vs. Ocado: Is there a winning strategy for e-grocery in the U.S.?
- Kohl's outgoing board member Day did in fact have disagreement emails show
- As dollar eyes third-weekly win, traders are doubling down on their bearish bets
- BP shares climb after FT reports of several rivals exploring a takeover
- Falling U.S. propane prices are set to benefit this stock: Jefferies
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Wall St set to surge at open as US, China slash tariffs
By Shashwat Chauhan and Pranav Kashyap (Reuters) - Wall Street's main indexes were set to open sharply higher on Monday as the United States and China reached a deal to reduce tariffs,... More
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Apple considers raising iPhone prices, WSJ reports
(Reuters) -Apple is weighing price hikes for its upcoming fall iPhone lineup but is keen to avoid linking any increases to U.S. tariffs on imports from China, where most of its devices are... More
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Stocks, dollar up as investors wait for details on Sino-US trade talks
SINGAPORE (Reuters) -The United States and China ended high-stakes trade talks on a positive note on Sunday, with U.S. officials touting a "deal" to reduce the U.S. trade deficit while Chinese officials... More
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Oil prices jump more than 3% on US-China tariff reductions
By Robert Harvey LONDON (Reuters) - Oil prices rose more than 3% on Monday after the U.S. and China said they would ease some of their tariff measures, raising hopes of an... More
Monday, May 12, 2025 8:41 AM EDT
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13Fs
- Chubb Corp. (CB) Climbs After Berkshire's 13F Shows Stake
- Buffett's Berkshire adds Atlanta Braves stocks, sells GM and Procter & Gamble
- Starboard Value raises stake in Acacia Research, exits Splunk and Papa John's
ACCESS Newswire
- Aqua Positive Announces SCS Global Services As Preferred Verifier for Water Positive Projects
- Horizon Space Acquisition II Corp. Announces Definitive Business Combination Agreement with SL Bio Ltd.
- Gladstone Commercial Announces Industrial Acquisition in Germantown, Wisconsin
Analyst Comments
- BMO Capital on Air Canada (AC:CN) (ACDVF): 'Strong Execution Offset Tough Environment'
- IGM Financial Inc (IGM:CN) (IGIFF) PT Lowered to Cdn$46 at BMO Capital Post Q1/25 Miss
- Toast Inc. (TOST) PT Raised to $45 at BMO Capital, Citing 'Impressive Execution'
Analyst PT Change
- IGM Financial Inc (IGM:CN) (IGIFF) PT Lowered to Cdn$46 at BMO Capital Post Q1/25 Miss
- Toast Inc. (TOST) PT Raised to $45 at BMO Capital, Citing 'Impressive Execution'
- Sempra Energy (SRE) PT Raised to $81 at BMO Capital
Board Changes
- Ascot (AOT) announces Board resignation
- Forum Energy Technologies (FET) Appoints Michael McShane as Board Chair
- Cordoba Minerals Corp. (CDB) announces management change
Business Wire
- Omeros Corporation Announces Agreements to Acquire $80.5 Million of its Convertible Senior Notes Due 2026
- Upscale AI Launches With $5.5M in Funding and Unveils ‘Upscale Studio’ — the First AI-Native Platform to Create and Run Performance TV Ads on Streaming Channels
- The Anantara Zanzibar Resort Announces Flagship Culinary Partnership
Commodities
- Oil prices rise as US-China trade talks soothe market jitters
- Oil prices post weekly gains on US-China trade talk optimism
- Natural Gas Inventory 104 bcf vs 100 bcf Expected
Corporate News
- Moleculin Biotech (MBRX) Receives European Medicines Agency Approval to Expand Phase 3 MIRACLE Clinical Trial
- SL Bio to Go Public via Merger with Horizon Space Acquisition II Corp (HSPT)
- Carnival Corporation (CCL) Announces the Redemption of Existing $993 Million 7.625% Senior Unsecured Notes due 2026 and Launch of New Senior Unsecured Notes Offering for Interest Expense Reduction
Cryptocurrency
- Buyers of $TRUMP meme coin pay millions to win dinner with President Trump
- SRx Health (SRXH) to create subsidiary to borrow Crypto
- Stablecoin bill fails to clear key hurdle in U.S. Senate
Dividends
- Lockheed Martin (LMT) Declares $3.30 Quarterly Dividend; 2.8% Yield
- Vulcan Materials (VMC) Declares $0.49 Quarterly Dividend; 0.7% Yield
- Twin Disc (TWIN) Declares $0.04 Quarterly Dividend; 2.3% Yield
Downgrades
- Morgan Stanley Downgrades Docebo Inc. (DCBO) to Equalweight
- Bradesco BBI Downgrades Braskem S.A. (BAK) to Neutral
- Goldman Sachs Downgrades Warner Music Group (WMG) to Neutral
Earnings
- Sonida Senior Living (SNDA) Tops Q1 EPS by 6c
- Southwest Gas (SWX) Tops Q1 EPS by 23c
- Lincoln Educational Services (LINC) Tops Q1 EPS by 8c ; Offers Guidance
Economic Data
- US Clients Should Get Chinese Rare Earth Permits More Easily After Trade Truce - Reuters
- China sends Xi's top security aide to trade talks with US - WSJ
- White House: 10% baseline tariff will remain for UK
Equity Offerings
- Nuburu (BURU) Files $100M SEC Registration Statement
- CytomX Therapeutics (CTMX) Prices 76.92M Share Offering at $1.30/sh
- Silicon Graphics (SGI) Launches 15.38M Share Secondary Offering
FDA
- Moleculin Biotech (MBRX) Receives European Medicines Agency Approval to Expand Phase 3 MIRACLE Clinical Trial
- Biodexa Pharmaceuticals (BDRX) Receives Orphan Drug Designation in Europe for eRapa in FAP
- Galectin Therapeutics (GALT) Presented NAVIGATE Trial Results at the European Association for the Study of the Liver (EASL) 2025 Congress
Fed
- Fed officials, citing uncertainty, reiterate patient policy stance
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- Trump: Costs down, NO INFLATION
Globe Newswire
- Moleculin Receives European Medicines Agency Approval to Expand Phase 3 MIRACLE Clinical Trial
- First Pacific to Present at the dbVIC - Deutsche Bank ADR Virtual Investor Conference May 15th
- Belite Bio, Inc to Present at the dbVIC - Deutsche Bank ADR Virtual Investor Conference May 15th
Guidance
- Lincoln Educational Services (LINC) Tops Q1 EPS by 8c ; Offers Guidance
- Centuri Holdings, Inc. (CTRI) Misses Q1 EPS by 2c, provides guidance
- SelectQuote, Inc. (SLQT) Misses Q3 EPS by 1c ; Offers Guidance
Hedge Funds
- Engine Capital Concludes Campaign at Lyft (LYFT)
- DOMA Perpetual Sends Letter Urging Board of Directors of InMode (INMD) to Resume Share Buyback
- H Partners Exposes the Harley-Davidson (HOG) Board’s Apparent Attempt to Secure Votes by Making Secret, Undisclosed Commitments Ahead of Annual Meeting
Insiders' Blog
- 7 Things to Know About Allbirds' (BIRD) Upcoming $2 Billion IPO
- HireRight (HRT) IPO: 9 Things to Know About the Upcoming Offering
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IPOs
- CapsoVision (CV) Files for Proposed IPO
- Platinum Analytics Cayman Limited (PLTS) Files for 2M Share IPO at $4-$5/sh
- Exclusive-Travel tech firm Navan hires banks for U.S. IPO, sources say
Market Check
- US stock futures rise on China trade de-escalation hopes; Fed on watch
- S&P 500 snaps 9-session win streak after latest Trump tariff
- Wall Street stocks buoyed by strong economic data, possible US-China trade talks
Mergers and Acquisitions
- SL Bio to Go Public via Merger with Horizon Space Acquisition II Corp (HSPT)
- MarketAxess Holdings (MKTX) Acquires Majority Control of RFQ-hub Holdings
- CASI Pharma (CASI) to Divest Assets in China
New Coverage
- D. Boral Capital Starts NeuroSense Therapeutics Ltd. (NRSN) at Buy
- ThinkEquity Starts Radiopharm Theranostics (RADX) at Buy
- Hovde Group Starts Orange County Bancorp (OBT) at Outperform
Newsfile
- BioHarvest Announces Completion of Stage 1 Development for CDMO Contract with Nasdaq-Listed Pharmaceutical Company
- The Land of Legends Opens 2025 Season for a Legendary Family Summer in Antalya
- TNR Gold NSR Royalty Update - McEwen's Los Azules Copper Definitive Feasibility Study Expected in July 2025
Press Releases
- Omeros Corporation Announces Agreements to Acquire $80.5 Million of its Convertible Senior Notes Due 2026
- Upscale AI Launches With $5.5M in Funding and Unveils ‘Upscale Studio’ — the First AI-Native Platform to Create and Run Performance TV Ads on Streaming Channels
- Aqua Positive Announces SCS Global Services As Preferred Verifier for Water Positive Projects
Private Company News
- USPS reports $3.3B quarterly loss
- Bytedance International Ops. Revenue $39B In '24: Information
- CMX Cinemas Weighs Closing Movie Theaters and Selling Assets - Bloomberg
PRNewswire
- Top 8 Secret Toe Problem Fixes Podiatrists Recommend Most to Relieve Pain
- The Founders Arena WealthTech Accelerator Announces Spring 2025 Cohort Focused on AI, Automation, and Advisor Enablement
- Angels on Call Homecare Named 2025 Leader in Experience: Revolutionizing Dementia & Parkinson's Care with Unmatched Excellence
Reuters
- China's official media welcome US tariff deal, others sceptical
- Insurance broker Hub International secures $29 billion valuation in $1.6 billion investment deal
- Analysis-Investors cheer US-China tariff truce, but cautious over a final deal
SEC Filings
- Form 6-K WPP plc For: May 12
- Form 8-K Moleculin Biotech, Inc. For: May 12
- Form 13F-NT Citigroup Global Markets For: Mar 31
SPAC
- SL Bio to Go Public via Merger with Horizon Space Acquisition II Corp (HSPT)
- Kodiak Appoints Two New Board Members in Preparation for Public Listing via Business Combination with Ares Acquisition Corporation II (AACT)
- Tether, SoftBank Group, and Jack Mallers Launch Twenty One, a Bitcoin-native Company, Through a Business Combination With Cantor Equity Partners (CEP)
