Intel (INTC) slides as President Trump calls for its CEO’s resignation over China ties, raising questions about US chip policy and future government subsidies. New US tariffs take effect, lifting the average rate to 15.2%—the highest since WWII. Apple (AAPL) secures tariff exemptions after pledging $100B in new US investments. Despite trade headwinds, stocks edge higher as S&P 500 earnings beat the top 80%. Disney (DIS), Duolingo (DUOL), Fortinet (FTNT), and Celsius (CELH) are among today’s notable movers.

Takeaways:

Intel CEO under pressure as Trump targets China ties, chip policy

US tariffs hit their highest level since WWII, and global trade partners respond

Stocks climb on strong earnings; Apple wins tariff break, Disney beats, Duolingo soars

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