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The Dow Jones Industrial Average lost nearly 900 points and the Nasdaq had its worst single-day decline since 2022. Plus: Tesla shares dropped, erasing post-election gains. And Novo Nordisk shares fell after disappointing weight-loss drug trials. Danny Lewis hosts.
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Plus, shares of Novo Nordisk fall after the company releases late-stage trial data of its experimental weight loss drug. Utah will become the first U.S. state to ban the use of fluoride in the public water supply. And an oil tanker and cargo ship have collided in the North Sea. Alex Ossola hosts.
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Plus: Former Bank of Canada and Bank of England governor Mark Carney is set to take over from Justin Trudeau as Canada’s prime minister. And, Foxconn builds its own AI model called FoxBrain. Kate Bullivant hosts.
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Following fresh jobs data for February, Federal Reserve Chair Jerome Powell signaled that the central bank is comfortable with its wait-and-see approach to interest rates. Plus: Broadcom shares jumped after the chipmaker beat expectations. And Walgreens stock rose after it announced a take-private deal with Sycamore Partners. Danny Lewis hosts.
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Plus, the U.S. added 151,000 jobs last month. And Canada’s decades-long litigation with Big-Tobacco ends. Zoe Kuhlkin hosts.
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Plus: President Trump signs an executive order to create a strategic bitcoin reserve. And another Starship spacecraft explodes during the latest SpaceX test flight. Luke Vargas hosts.
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Investors have been unnerved by frequent swings in President Trump’s tariff policies. Plus: shares of chipmaker Marvell Technology sank despite narrowly beating expectations. And Kroger shares rise as it tries to avoid tariffs. Danny Lewis hosts.
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Plus, U.S. trade deficit grew 34% in January. Macy’s expects sales to fall again this year. And the European Central Bank cuts its key interest rate. Alex Ossola hosts.
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Plus: The Trump administration drafts an executive order aimed at abolishing the Education Department. And European leaders discuss boosting their defense spending. Luke Vargas hosts.
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The White House says some automakers will get a 30-day break from the new tariffs imposed on Canada and Mexico this week. Plus: Novo Nordisk launches a direct-to-patient delivery option for cheaper weight-loss drugs. And stock in mining company Freeport-McMoRan rises after Trump announces new tariffs to come on some metal imports. Danny Lewis hosts.
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