Group 1 - The U.S. government has imposed anti-dumping duties of up to 160% on graphite products imported from China, significantly escalating trade tensions ahead of a planned visit to China by President Trump [1][3] - The duties include both anti-dumping and countervailing duties, raising the effective tariff on graphite from around 3% to over 160%, which could severely impact U.S. companies reliant on these materials [3][5] - The U.S. imports approximately 180,000 tons of graphite annually, with two-thirds sourced from China, particularly in high-end synthetic graphite where the dependency is even higher at 68% [7] Group 2 - Tesla faces two options: absorb the increased costs, which would reduce profits, or pass the costs onto consumers, potentially affecting already weak electric vehicle sales [8] - The U.S. is attempting to build a supply chain independent of China, but this effort is complicated by the significant time required to establish domestic production capabilities, which could take several years [9][12] - The geopolitical context suggests that the high tariffs may serve as leverage in upcoming negotiations, with the potential for trade-offs in other areas such as agricultural products or aerospace [11][14] Group 3 - The imposition of high tariffs may inadvertently harm U.S. industries, particularly electric vehicle manufacturers, by creating a supply chain crisis before domestic production can ramp up [12] - Chinese companies may seek to adapt by relocating production to other countries, thereby transforming from Chinese manufacturing to global technology [14]

Core Insights - PainReform Ltd. announced a name change and is expanding into diversified healthcare and AI-driven energy platforms, resulting in a 27.4% increase in share price to $1.02 in pre-market trading [1] Gainers - Acco Group Holdings Limited saw a significant gain of 219.4%, reaching $9.40 in pre-market trading [4] - Venus Concept Inc. increased by 72.2% to $2.48 [4] - Jaguar Health, Inc. rose 41.3% to $1.08 following a licensing agreement with Woodward Specialty [4] - ImmunityBio, Inc. gained 22.8% to $4.85, with preliminary net product revenue for Anktiva projected at approximately $113 million for fiscal 2025, marking a 700% year-over-year increase [4] - OneMedNet Corporation rose 14.2% to $0.9711 after a previous decline [4] - Brand Engagement Network, Inc. increased by 13.8% to $6.50 [4] - Springview Holdings Ltd rose 13.4% to $19.75 after a substantial 657% increase on Thursday [4] - Creative Global Technology Holdings Limited gained 10.7% to $4.22 after a 52% jump on Thursday [4] - Kopin Corporation increased by 8.1% to $3.20 [4] Losers - Callan JMB Inc. fell 20.7% to $3.33 after a 275% increase on Thursday due to a strategic agreement with Biostax Corp [4] - Erayak Power Solution Group Inc. decreased by 18.3% to $3.21 after an 18% rise on Thursday [4] - TryHard Holdings Limited dropped 16.4% to $6.35 following a 76% decline on Thursday due to a joint venture announcement [4] - iOThree Limited shares dipped 15% to $2.56 [4] - NOVONIX Limited fell 14% to $1.17 [4] - Moolec Science SA tumbled 13.1% to $6.69 after an 118% increase on Thursday [4] - High Roller Technologies, Inc. declined 12.9% to $20.64 after a 25% rise on Thursday [4] - Bonk, Inc. fell 10.4% to $3.55 after a 42% increase on Thursday due to acquisition news [4] - J B Hunt Transport Services Inc fell 4.2% to $197.86, reporting mixed financial results for the fourth quarter [4] - QXO Inc dipped 3.5% to $24.14 after announcing a $750 million stock offering and preliminary fourth-quarter net sales of $2.19 billion [4]

Market Overview - The Australian share market finished up on Friday, with the ASX 200 increasing by 0.5%, or 42.90 points, to 8903.90, marking a weekly gain of 1.6% after five consecutive days of increases, the longest winning streak since May 2025 [1] Technology Sector - Technology stocks performed strongly, driven by Taiwan Semiconductor Manufacturing's forecast of nearly 30% revenue growth in 2026, which exceeded analyst expectations and alleviated concerns regarding AI-related demand. Local tech stocks such as NextDC rose by 3.5% to $13 and Life360 by 1.7% to $29.23 [2] Banking Sector - Major banks contributed to the market rally, with Commonwealth Bank shares rising 0.5% to $154.30 and ANZ shares also up 0.5% to $37.52. National Australia Bank shares increased by 0.7% to $42.67, Westpac shares rose 1.8% to $39.19, and Macquarie shares were up 2.6% to $211.86 [3][2] Mining Sector - Shares in major miners experienced profit-taking after strong gains, with BHP shares falling 0.8% to $48.99 after a weekly rise of over 6%. This decline was influenced by a drop in oil prices following comments from US President Donald Trump regarding Iran [4] Energy Sector - Energy stocks also saw declines, with Woodside shares down 1.4% to $23.68 and Santos shares falling 1.6% to $6.23, reflecting the broader market reaction to falling oil prices [5] Company-Specific News - Capstone Copper shares surged 7.1% to $15.63 after meeting its annual copper guidance of 224,764 tonnes, a company record. Catalyst Metals shares climbed 14.7% to $9 following record quarterly production at Plutonic and positive broker reviews [6] - Conversely, Novonix shares dropped 15.8% to 42.5¢ after delaying the start of mass production of anode material for Panasonic Energy to the second half of 2027 [7] Upcoming Economic Data - The December labour force survey is expected to show an increase of about 35,000 jobs, maintaining the unemployment rate at 4.3% despite a projected rise in the participation rate [8] - In the US, the core personal consumption expenditures (PCE) price index is anticipated to rise by 2.8% year-over-year [9] - China is set to release various economic indicators, with the fourth-quarter GDP growth expected to be around 4.9%, aligning with the government's target of approximately 5% growth [10] - Australia will also see quarterly updates from several mining and energy companies, including BHP and Santos, while Wall Street will report fourth-quarter earnings from major firms like Netflix and Johnson & Johnson [11]

AI Sector Developments - The AI sector is experiencing significant growth, highlighted by a $38 billion cloud computing deal between OpenAI and Amazon Web Services, which provides OpenAI access to extensive Nvidia GPUs and CPU capacity for AI infrastructure development [2][3] - Major tech companies, including Microsoft, Alphabet, and Meta, are projected to collectively spend over $380 billion on AI-related capital expenditures in 2025, indicating a strong commitment to AI infrastructure [3] Gold Market Changes - China has announced a change in its precious metals taxation framework, ending a VAT exemption on gold sales, reducing it from 13% to 6% for specific purchases, effective November 1, 2025 [4][5] - This policy change is expected to increase gold purchasing costs for consumers, potentially dampening retail demand, as spot gold prices fell below $4,000 an ounce following the announcement [5] Monetary Policy in Australia - The Reserve Bank of Australia has maintained its official cash rate at 4.35% amid economic complexities and persistent inflation, a decision anticipated by financial markets [6][7] - Recent economic indicators, including a trimmed mean inflation miss, influenced the RBA's decision to keep rates steady, with forecasts indicating inflation may remain elevated [7] Automotive Industry Updates - Stellantis has terminated its binding offtake agreement with Novonix for synthetic graphite material due to disagreements on product specifications, leading to a significant drop in Novonix shares [10][11] - The agreement was initially for a minimum of 86,250 tonnes and aimed at supporting Stellantis's North American cell manufacturing partners from 2026 to 2031 [10] Streaming Services Dispute - A contract dispute between YouTube TV and Disney has resulted in a blackout of Disney-owned channels for 9-10 million subscribers since late October 2025, stemming from disagreements over carriage fees [12][13] - Despite the ongoing blackout, Disney requested a temporary restoration of ABC for Election Day, which YouTube TV declined, emphasizing the complexities in content distribution and rising costs in the streaming industry [13]

Core Insights - U.S. stocks experienced an upward trend, with the Dow Jones index increasing by approximately 150 points on Friday [1] - Elastic N.V. shares rose significantly by 6.7% to $87.01 following three major announcements [1] Company Updates - Elastic N.V. finalized the acquisition of Jina AI, enhancing its capabilities in AI technology [1] - The company launched a new GPU-powered inference service, aimed at improving performance [1] - Elastic approved a $500 million stock buyback program, indicating confidence in its financial health [1] Stock Performance - NOVONIX Limited shares surged by 27% to $2.7400, reflecting strong market interest [3] - Applied Digital Corporation saw a 25.7% increase to $36.83 after reporting better-than-expected first-quarter results [3] - ASP Isotopes Inc. gained 21% to $10.70, while Eightco Holdings Inc. rose by 20.4% to $10.16 due to a new AI authentication pilot program [3] - Gyre Therapeutics, Inc. jumped 16.9% to $8.36 after Jefferies initiated coverage with a Buy rating [3] - Other notable gainers included SES AI Corporation (16.9% to $3.4889), BigBear.ai Holdings, Inc. (15.5% to $8.65), and Bitfarms Ltd. (15% to $4.8160) [3]

Core Insights - U.S. stocks experienced a decline, with the Dow Jones index dropping approximately 100 points on Thursday [1] - Tilray Brands, Inc. reported better-than-expected first-quarter financial results, with adjusted earnings of $0.00 per share, surpassing market expectations of a loss of $0.02 per share [1] - Tilray's sales reached $209.501 million, exceeding estimates of $204.549 million, leading to a 30% increase in its share price to $2.2397 [1] Company Performance Highlights - Diginex Limited surged 23% to $38.13 after a 28% increase on Wednesday [4] - NOVONIX Limited gained 22.3% to $2.3650 [4] - Critical Metals Corp. rose 19.2% to $14.07 [4] - Serve Robotics Inc. increased by 18.5% to $16.29 following a strategic partnership with DoorDash for autonomous robot deliveries [4] - POMDOCTOR LIMITED gained 17.1% to $4.7206 [4] - Akero Therapeutics, Inc. rose 16.6% to $54.23 after announcing its acquisition by Novo Nordisk for up to $5.2 billion [4] - Byrna Technologies Inc. increased by 15.8% to $26.42 after reporting better-than-expected quarterly EPS results [4] - Ramaco Resources, Inc. rose 11.3% to $46.19 [4] - UiPath Inc. gained 10.5% to $17.22, shifting focus from traditional RPA to "agentic" automation with AI integration [4] - Energy Fuels Inc. rose 9.9% to $19.76 [4] - Albemarle Corporation jumped 7.9% to $98.94 [4] - ABIVAX Société Anonyme gained 7.8% to $93.29 [4] - TeraWulf Inc. increased by 7.6% to $13.25 [4] - Delta Air Lines, Inc. rose 6.1% to $60.60 after reporting better-than-expected third-quarter results and raising FY25 EPS outlook [4]

Group 1: Penguin Solutions, Inc. - Penguin Solutions reported fourth-quarter earnings of 43 cents per share, exceeding the analyst consensus estimate of 38 cents per share [1] - The company reported quarterly sales of $337.922 million, which fell short of the analyst consensus estimate of $342.112 million [1] - For FY2026, Penguin Solutions projects adjusted earnings between $1.75 to $2.25 per share and sales ranging from $1.314 billion to $1.588 billion [2] - Following the earnings report, shares of Penguin Solutions dipped 17.6% to $22.24 in pre-market trading [2] Group 2: Other Companies - Esperion Therapeutics, Inc. saw a decline of 20.1% to $2.47 after announcing a public offering of common stock [4] - NOVONIX Limited experienced a drop of 12.7% to $1.79 after a previous increase of 14% [4] - NANO Nuclear Energy Inc. fell 9.1% to $51.50 following a $400 million oversubscribed private placement of common stock [4] - Joby Aviation, Inc. decreased by 8.5% to $17.30 after pricing a $513.9 million underwritten offering of common shares [4] - Archer Aviation Inc. declined 4.1% to $11.95 after a previous drop of more than 8% [4] - NextNRG Inc. fell 3.2% to $2.73 after a significant increase of 36% the previous day [4] - NuCana plc decreased by 3% to $6.81 in pre-market trading [4]

Group 1: Penguin Solutions, Inc. - Penguin Solutions reported fourth-quarter earnings of 43 cents per share, exceeding the analyst consensus estimate of 38 cents per share [1] - The company reported quarterly sales of $337.922 million, which fell short of the analyst consensus estimate of $342.112 million [1] - For FY2026, Penguin Solutions projects adjusted earnings between $1.75 to $2.25 per share and sales ranging from $1.314 billion to $1.588 billion [2] - Following the earnings report, shares of Penguin Solutions dipped 17.6% to $22.24 in pre-market trading [2] Group 2: Other Companies - Esperion Therapeutics, Inc. saw a decline of 20.1% to $2.47 in pre-market trading after announcing a public offering of common stock [4] - NOVONIX Limited experienced a drop of 12.7% to $1.79 in pre-market trading after a previous increase of 14% [4] - NANO Nuclear Energy Inc. fell 9.1% to $51.50 in pre-market trading due to a $400 million oversubscribed private placement of common stock [4] - Joby Aviation, Inc. decreased by 8.5% to $17.30 in pre-market trading after pricing a $513.9 million underwritten offering of common shares [4] - Archer Aviation Inc. declined 4.1% to $11.95 in pre-market trading after a previous drop of more than 8% [4] - NextNRG Inc. fell 3.2% to $2.73 in pre-market trading after a significant increase of 36% the previous day [4] - NuCana plc decreased by 3% to $6.81 in pre-market trading [4]

Group 1: Confluent Inc - Confluent Inc is exploring a sale after attracting acquisition interest from tech firms and private equity investors [1] - Shares of Confluent rose 19.5% to $24.77 in pre-market trading [1] Group 2: Other Gainers - Acurx Pharmaceuticals Inc gained 168.9% to $11.51 in pre-market trading [4] - X T L Biopharmaceuticals Ltd surged 165.7% to $3.72 in pre-market trading [4] - AlphaTON Capital Corp gained 100.7% to $11.20, focusing on secure communication on the Telegram blockchain [4] - Xenetic Biosciences Inc rose 35.5% to $5.81 after a 31% increase on Tuesday [4] - Nuburu Inc surged 35.2% to $0.64 after an 86% increase on Tuesday due to a strategic acquisition in the defense sector [4] - 374Water Inc gained 34.1% to $0.49 after a jump of over 10% on Tuesday [4] - Diginex Ltd rose 28.1% to $31.00 after a 22% increase on Tuesday [4] - Bio Green Med Solution Inc gained 25.2% to $5.91 in pre-market trading [4] - BTQ Technologies Corp jumped 20.6% to $16.63 after a 52% increase on Tuesday [4] Group 3: Notable Losers - Galecto, Inc. shares dipped 29.6% to $12.59 after a 383% increase on Tuesday [4] - Esperion Therapeutics, Inc. fell 20.1% to $2.47 after announcing a public offering of common stock [4] - Penguin Solutions, Inc. fell 18.5% to $22.01 despite better-than-expected earnings for Q4 [4] - Envoy Medical, Inc. fell 17% to $1.32 after a 97% increase on Tuesday following FDA approval for clinical trials [4] - Joby Aviation, Inc. fell 8.5% to $17.30 after pricing a $513.9 million offering to accelerate production [5]

Group 1: Aehr Test Systems - Aehr Test Systems reported first-quarter revenue of $10.97 million, exceeding analyst estimates of $10.78 million [2] - The company reported adjusted earnings of one cent per share, which was in line with analyst expectations [2] - Shares of Aehr Test Systems fell 15.1% to $26.89 in pre-market trading following the earnings report [2] Group 2: SANUWAVE Health Inc - SANUWAVE Health Inc experienced a decline of 14.4%, with shares dropping to $34.99 in pre-market trading after issuing preliminary third-quarter revenue results below estimates [4] - The company also revised its FY25 revenue guidance down from $48 million-$50 million to $44 million-$46 million [4] Group 3: Other Stocks - NOVONIX Ltd saw a decrease of 12.3%, with shares falling to $1.57 in pre-market trading after a previous gain of 11% [4] - Pioneer dropped 9.8% to $5.90 in pre-market trading after a significant increase of 37% on the previous day [4] - Epsium Enterprise Limited's shares fell 5.4% to $28.28 in pre-market trading after an 11% gain on Monday [4] - Senseonics Holdings, Inc. reported a 4.4% decline to $0.54 in pre-market trading due to preliminary unaudited revenue announcements for the third quarter [4] - Solaris Energy Infrastructure, Inc. shares decreased by 4.3% to $44.74 in pre-market trading after pricing a $650 million convertible senior notes offering [4] - Holley Inc. fell 3.4% to $2.88 in pre-market trading [4]