Core Insights - Major Northern European investors are increasingly cautious about the risks associated with holding U.S. assets due to rising geopolitical tensions, indicating a significant shift away from the U.S. financial market [1] Group 1 - The sentiment among pension chiefs reflects a growing wariness towards U.S. investments [1] - This trend suggests a broader movement among investors to reassess their exposure to the world's largest financial market [1]

Core Insights - BitGo shares opened 24.6% above their offer price during their debut on the New York Stock Exchange, indicating strong market interest and demand for the company's stock [1] - The valuation of BitGo at the time of its debut was $2.59 billion, reflecting the company's position in the crypto custody sector [1] Company Summary - BitGo is a crypto custody firm that has successfully launched its shares on the New York Stock Exchange, marking a significant milestone for the company [1] - The initial trading performance suggests a positive reception from investors, which may indicate confidence in BitGo's business model and growth potential in the cryptocurrency market [1]

U.S. President Donald Trump is suing JPMorgan Chase and its CEO, Jamie Dimon, in a $5 billion lawsuit, Fox Business reported on Thursday. ...

Core Viewpoint - Bank of America and Citigroup are exploring options to introduce new credit cards with a 10% interest rate cap to meet President Donald Trump's requirements [1] Group 1 - Bank of America is considering the introduction of new credit cards [1] - Citigroup is also evaluating options for new credit card offerings [1] - The interest rate cap of 10% is a direct response to demands from President Donald Trump [1]

U.S. banking giant JPMorgan Chase has closed a deal to buy UK-based pensions technology platform WealthOS, according to an internal memo seen by Reuters on Thursday. ...

Group 1 - SpaceX is preparing for a potential initial public offering (IPO) and has engaged four Wall Street investment banks for leading roles in this process [1] - The information regarding SpaceX's IPO plans was reported by the Financial Times, citing sources familiar with the matter [1] - This move indicates SpaceX's strategic direction towards public market engagement, potentially opening up new avenues for capital [1]

Elon Musk said on Thursday he expects Tesla to receive European approval for its Full Self-Driving (FSD) advanced driver assistance system by next month. ...

Core Viewpoint - Moderna will not invest in new late-stage vaccine trials due to increasing opposition to immunizations from U.S. officials, as stated by CEO Stephane Bancel in an interview with Bloomberg TV [1] Company Summary - Moderna's decision reflects a strategic shift in response to the current political and public sentiment regarding vaccinations in the U.S. [1]

Core Viewpoint - A proposed reform of Venezuela's hydrocarbons law aims to allow both foreign and local companies to independently operate oilfields through a new contract model, enabling them to commercialize output and receive sales revenue [1] Group 1 - The reform is designed to attract investment by providing more operational autonomy to companies in the oil sector [1] - The new contract model is expected to enhance the efficiency and productivity of oilfield operations [1] - This change reflects a significant shift in Venezuela's approach to managing its oil resources, potentially leading to increased foreign participation [1]

European stocks expected to benefit from an end to Russia's war in Ukraine rallied on Thursday, and defence stocks dropped after Ukrainian president Volodymyr Zelenskiy said Ukrainian and Russian teams will have their first trilateral meeting with U.S. officials. ...