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Benzinga Bulls And Bears: Stellantis, Papa John’s, Oklo — And Trade Tensions Shake Chip Stocks Benzinga Bulls And Bears: Stellantis, Papa John’s, Oklo — And Trade Tensions Shake Chip Stocks
Benzinga· 2025-10-18 11:41
Market Overview - Wall Street experienced a decline from record highs due to renewed tariff threats from President Trump against China, impacting investor sentiment and leading to a selloff in export-sensitive and financial stocks [2] - Concerns regarding regional bank credit, particularly bad loans reported by Zions Bancorp and Western Alliance Bancorp, contributed to the market downturn [2][10] - The Federal Reserve faced pressure as Trump's rhetoric towards Chair Jerome Powell raised concerns about political interference in monetary policy, while uncertainty over the U.S. government shutdown affected economic outlooks [3] Bullish Stocks - Stellantis N.V. announced a $13 billion investment over four years to expand its U.S. manufacturing footprint by 50%, which resulted in a surge in its stock price [5] - Papa John's International shares rose following a new takeover offer from Apollo Global Management at $64 per share, although the deal's completion remains uncertain [6] - Oklo Inc. saw its stock soar nearly 700% year-to-date as it aims to deploy micro-nuclear reactors for U.S. military bases under the Pentagon's Project Janus initiative, despite facing regulatory challenges and having no commercial revenue [7] Bearish Stocks - U.S. semiconductor stocks, including NVIDIA, Micron, and Intel, fell sharply due to escalating trade tensions with China, exacerbated by Micron's exit from China's data center market following a ban on its products [8] - Shares of Eli Lilly, Novo Nordisk, and Hims & Hers Health declined after President Trump indicated that prices for "fat-loss drugs" would decrease significantly, leading to a selloff in GLP-1 therapy manufacturers [9] - Regional bank stocks, particularly Zions Bancorp and Western Alliance Bancorp, experienced their worst drop since April, with Zions disclosing a $60 million provision for troubled loans and Western Alliance facing a lawsuit for alleged fraud [10][11]
DOJ employees 'are absolutely traumatized' as Trump demands AG prosecute his enemies
MSNBC· 2025-09-22 15:55
Let's bring in MSNBC's Justice and Intelligence correspondent Kendallian, MSNBC political contributor and Atlantic staff writer Mark Lieovich, and MSNBC legal analyst and former Manhattan assistant DA Katherine Christian. Ken, are you hearing any push back or concerns from inside the DOJ. Well, yes, of course, Anna.And it's consistent with what I've been hearing from sources inside the building almost since the beginning of the Trump administration because again, I keep saying this, we've never been here be ...
BREAKING: Federal lawsuit alleges FBI Director Kash Patel knowingly broke the law with FBI firings
MSNBC· 2025-09-10 17:46
A new and explosive lawsuit against FBI director Cash Patel filed by former FBI executive executives he fsuit alleges Patel knowingly broke the law when he carried out the firings at the behest of the White House. and it quotes him as saying he knew he could get sued for firing agents without cause, but that his job depended on removing people who had worked on cases against President Trump because quote, "The FBI tried to put the president in jail and he hasn't forgotten it." Joining me now, the MSNBC corr ...
X @The Economist
The Economist· 2025-08-04 11:20
After a weak jobs report on Friday, Donald Trump said he would fire the Bureau of Labour Statistics commissioner responsible—a remarkable act of political interference. Our ten charts show what can still be gleaned from the data https://t.co/WQtYqqcm9A ...