Economic Policy and Market Sentiment - Kansas City Fed President Jeff Schmid emphasized the need for continued monetary policy measures to combat persistently high inflation, suggesting that current interest rates are only "slightly restrictive" [1] - Mark Hackett from Nationwide noted a "self-fulfilling rally" in the market, driven by strong earnings and investor confidence despite a lack of data and ongoing government shutdown [2] - Wall Street's main stock indexes ended mixed, with the S&P 500 and Nasdaq 100 reaching new record highs, indicating strong market momentum [2] Company Performance and Earnings - Advanced Micro Devices (AMD) surged over +23% after announcing a partnership with OpenAI, which could generate tens of billions in new revenue [2] - Tesla (TSLA) rose more than +5% following a teaser for an upcoming event, reflecting positive market sentiment [2] - Comerica (CMA) increased over +13% after Fifth Third Bancorp agreed to acquire the regional lender for approximately $10.9 billion in stock [2] - McCormick & Company (MKC) is set to report its quarterly results, highlighting ongoing interest in the spice and condiments sector [7] Market Trends and Economic Indicators - U.S. rate futures indicate a 92.5% probability of a 25 basis point rate cut at the Fed's October meeting, reflecting market expectations for monetary easing [4] - Japan's household spending rose +0.6% month-over-month and +2.3% year-over-year in August, exceeding expectations and suggesting consumer optimism [12] - Germany's factory orders unexpectedly fell -0.8% month-over-month in August, indicating challenges in international demand [9] International Developments - President Trump is scheduled to meet with Canadian Prime Minister Mark Carney to discuss tariff relief in key sectors, including autos and steel [5] - The Euro Stoxx 50 Index is down -0.04% amid political turmoil in France, with mining and healthcare stocks underperforming [8]

Market Overview - U.S. stock futures declined on Tuesday following mixed movements on Monday, with major benchmark indices showing lower futures [1] - The Advanced Micro Devices Inc. (NASDAQ:AMD) deal with OpenAI contributed to a rally in AI-linked stocks, which has been a driving force behind Wall Street's bull run this year [1] Economic Indicators - The U.S. government shutdown, now in its seventh day, has delayed the release of the U.S. trade deficit data [2] - The 10-year Treasury bond yield is at 4.17%, while the two-year bond yield stands at 3.59% [2] - Market expectations indicate a 92.5% likelihood of the Federal Reserve cutting interest rates in its upcoming October meeting [2] Futures Performance - Dow Jones futures decreased by 0.18%, S&P 500 by 0.08%, Nasdaq 100 by 0.04%, and Russell 2000 by 0.13% [3] - The SPDR S&P 500 ETF Trust (NYSE:SPY) fell by 0.037% to $671.36, while Invesco QQQ Trust ETF (NASDAQ:QQQ) rose by 0.0099% to $607.77 in premarket trading [3] Stocks in Focus - Trilogy Metals Inc. (NYSE:TMQ) surged by 180.38% in premarket trading after the White House announced a $35.6 million investment for a 10% stake to support mining exploration in Alaska's Ambler Mining District [8] - Advanced Micro Devices Inc. (NASDAQ:AMD) increased by 2.57% following a deal with OpenAI to supply Instinct GPU accelerators for AI infrastructure [9] - Applovin Corp. (NASDAQ:APP) fell by 2.56% amid an SEC investigation into its data-collection practices [10] - Telomir Pharmaceuticals Inc. (NASDAQ:TELO) jumped by 30.99% after releasing promising preclinical study results for its lead compound [11] Analyst Insights - Corporate America is expected to deliver a strong earnings season for Q3 2025, with a forecasted low-teens earnings growth rate for the S&P 500 [16] - Factors contributing to this outlook include a resilient economy, strong AI investment, and a weaker U.S. dollar [17] - Analysts predict a 5% earnings beat above current consensus estimates for the third quarter, despite potential tariff pressures [18]

Core Viewpoint - The SEC is reportedly investigating AppLovin's data collection practices, leading to a significant drop in the company's stock price by 14% on the news, with a further decline of 1.53% in pre-market trading [1] Group 1: SEC Investigation - The investigation focuses on allegations that AppLovin violated service agreements with platform partners by improperly targeting consumers with ads [1] - AppLovin has stated that it regularly communicates with regulatory bodies and will respond appropriately to any inquiries [1] - As of now, the SEC has not formally charged AppLovin with any violations [1] Group 2: Stock Performance and Analyst Ratings - AppLovin's stock has seen an increase of over 80% year-to-date, receiving positive ratings from multiple financial institutions [1] - Oppenheimer raised AppLovin's target price significantly by $240 to $740, reaffirming its "outperform" rating, reflecting confidence in the company's non-gaming advertising business and long-term growth potential [2] - AppLovin has revised its non-gaming revenue forecast from $250 million to $312 million [2] Group 3: Short Selling Pressure - AppLovin faces pressure from several short-selling reports, with notable firms like FuzzyPanda and MuddyWaters questioning its business practices [2]

Core Viewpoint - AppLovin's stock has experienced a significant decline, dropping over 14% recently, with a further pre-market decrease of more than 2.5% to $571.99, amid an investigation by the SEC regarding potential violations related to targeted advertising practices [1] Company Summary - The SEC is investigating AppLovin in response to a whistleblower complaint submitted earlier this year, as well as multiple reports from short-sellers [1] - Currently, there are no allegations of wrongdoing against the company or its executives [1]

Core Insights - Figma Inc. shares experienced a significant increase, rising 2.02% in after-hours trading to $58.11, following a 7.39% intraday rally due to OpenAI CEO Sam Altman's demonstration of Figma's ChatGPT integration [1][5]. ChatGPT Integration - The integration allows ChatGPT's 800 million monthly users to connect with Figma via OpenAI's Apps SDK, enabling users to convert sketches into workable diagrams [2]. - Figma's app can generate various diagrams, including flow charts and Gantt charts, directly from ChatGPT conversations, and users can upload files to assist in the output [3]. Developer Access and Future Plans - OpenAI plans to start accepting app submissions for Apps SDK review in 2025 and aims to provide multiple revenue-generation opportunities through third-party integrations [4]. Stock Performance - The 7.39% increase marked Figma's largest single-day gain since its NYSE debut in July, with shares gaining 8.56% over the past month and trading within a range of $18.41 to $142.92 [5]. - Figma has a market capitalization of $27.90 billion and an average daily trading volume of 9.25 million shares [5].

Core Points - AppLovin Corp shares are experiencing a significant decline, with a drop of 14.03% on Monday and a further decrease of 2.29% in after-hours trading [1][2] - The Securities and Exchange Commission (SEC) is investigating AppLovin's data-collection practices, particularly regarding potential violations of service agreements related to ad targeting [2][3] - The investigation is prompted by a whistleblower complaint and reports from short-sellers alleging unauthorized user tracking practices [3][4] Market Performance - Over the past year, AppLovin's stock has increased by 319.44%, reaching a peak of $718.54 on September 30, which is 18.31% higher than the recent closing price of $587.00 [5] - Current stock rankings indicate that AppLovin has a Value in the 4th percentile according to Benzinga's Edge Stock Rankings [5]

Geopolitical Developments and European Diplomacy - Russia's RIA news agency reported the interception of 184 Ukrainian drones, highlighting ongoing geopolitical tensions [2] - The European Union plans to restrict travel for Russian diplomats amid rising suspicions of espionage activities, indicating a tougher stance against perceived Russian aggression [2] Energy Markets and Strategic Alliances - Kazakhstan's national oil and gas company, KazMunayGas, aims to increase oil exports to Germany to 130,000 tons per month by 2026, building on 1.5 million tons supplied from January to September 2025 [3] - This agreement reflects Germany's strategy to diversify energy sources and Kazakhstan's emerging role as a key supplier [3] Tech Industry Under Scrutiny and AI Investment Boom - AppLovin (APP) is under investigation by the U.S. SEC regarding its data-collection practices, which may have significant implications for data privacy regulations [4] - The artificial intelligence sector is experiencing a massive investment surge, with OpenAI's computing deals projected to exceed $1 trillion, indicating a competitive race in AI development [4] - An IBM executive suggested that consultancies need to evolve into software groups to stay competitive in the rapidly changing tech landscape [4] Economic Outlook and Corporate News - The Irish government is preparing to unveil its most stringent budget in years to protect the economy from declining investment [5] - HMRC in the UK reported a £4.6 billion increase in tax revenue, attributed to effective use of 'Big Data' analytics [5] Corporate Restructuring - French retailer Casino Guichard-Perrachon (CO) is facing a second restructuring within two years, as creditors prepare for the process [6] - Restructuring firm AlixPartners has decided to shelve plans to sell a stake in its business [6] - In the defense sector, a rival has raised concerns over a 'direct award' to German arms group Rheinmetall (RHM), questioning procurement processes [6] Bond Market Movements - Japanese bond markets saw the 10-year bond yield rise by 0.5 basis points to 1.675% following an auction, while the 20-year bond yield also increased by 0.5 basis points to 2.695% [7]

AppLovin Corp (NASDAQ: APP) tumbled rather significantly late on Monday following reports the SEC is probing its advertising practices – particularly around its AI-enabled AXON platform. ...

Core Viewpoint - The United States Securities and Exchange Commission (SEC) is investigating AppLovin over allegations of violating service agreements with platform partners to enhance targeted advertising practices [1][5]. Group 1: SEC Investigation Details - The SEC's investigation is being conducted by enforcement officials focused on cyber and emerging technologies [2]. - The investigation was prompted by a whistleblower complaint and multiple short-seller reports alleging AppLovin's misuse of proprietary identifiers from other platforms [5]. - The SEC has not yet accused AppLovin or its officials of any wrongdoing, and the extent of the investigation remains unclear [5]. Group 2: AppLovin's Response - AppLovin has declined to comment on the investigation, stating that it typically does not discuss potential regulatory matters [3]. - The company has engaged Alex Spiro, a prominent litigator, to conduct an independent review of recent short report activities and investigate the origins of these reports [4]. - AppLovin's CEO previously described short reports as "littered with inaccuracies" and denied the creation of unauthorized device fingerprints [3][4]. Group 3: Company Background and Market Position - AppLovin assists mobile app developers in user acquisition and advertising sales, with a market valuation exceeding $226 billion as of 2025 [5]. - The company was added to the S&P 500 Index in September 2025, indicating significant growth and market presence [5]. - Allegations against AppLovin include unauthorized tracking of users across different platforms, which is prohibited by Apple's App Store and was restricted by Google until a recent policy change [5].

Market Overview - U.S. stocks closed mixed, with the Nasdaq up 0.7% to 22,941.67 and the S&P 500 gaining 0.36% to 6,740.28, while the Dow Jones Industrial Average slipped 0.14% to 46,694.97 [1] Company Highlights - **Advanced Micro Devices, Inc. (AMD)**: - AMD shares surged by 23.71%, closing at $203.71, with an intraday high of $226.71 and a low of $203.01. The stock's 52-week range is $76.48 to $226.71. In after-hours trading, the stock gained an additional 1.5% to $206.84 [1][2] - The surge was attributed to a significant agreement with OpenAI to utilize up to 6 gigawatts of AMD Instinct GPU power for AI infrastructure, starting with a 1-gigawatt rollout in 2026 [2] - **AppLovin Corp (APP)**: - AppLovin's stock dropped 14.03%, ending at $587, with a high of $687 and a low of $545. The 52-week range is $137.20 to $745.61. In after-hours trading, the stock fell nearly 2.3% to $573.57 [3] - The decline followed reports of an SEC investigation into the company's data-collection practices, which may breach partners' service agreements [3] - **Trilogy Metals Inc (TMQ)**: - Trilogy Metals saw a modest increase of 0.48%, closing at $2.09, with an intraday high of $2.21 and a low of $2.08. The stock's 52-week range is $0.47 to $2.48 [4] - The rise was due to news that the U.S. government plans to acquire a 10% stake in the company to access critical minerals in Alaska [4] - **Nike Inc (NKE)**: - Nike's stock fell by 1.06%, closing at $71.17, with an intraday high of $72.39 and a low of $71.01. The 52-week range is $52.28 to $84.76 [5] - The company demonstrated resilience by overcoming a $1.5 billion tariff impact, showcasing its turnaround strategy [5] - **Verizon Communications Inc. (VZ)**: - Verizon shares decreased by 5.11%, closing at $41.44, with a high of $43.38 and a low of $41.35. The stock's 52-week range is $37.58 to $47.36 [6] - The decline followed the announcement of a CEO transition, with Dan Schulman, former PayPal CEO, taking over the leadership role [6]