Trump said to eye farm product exemptions after pausing auto tariffs
March 6, 2025
Breaking News
Image source: Adobe Stock
Trump said to eye farm product exemptions after pausing auto tariffs: 🏛️ US President Donald Trump's tariffs are reshaping US trade policy and overhauling decades of free-trade agreements with friend and foe alike. The trade posturing could have ramifications for inflation, with the potential to push prices higher. That, in turn, could influence where the Federal Reserve takes interest rates in the coming months — and years. Yahoo Finance reports.
EdgeUp
🍏 Apple unveils AI-powered MacBook Air and Mac Studio with M4 chips: Apple rolled out updated MacBook Air laptops and Mac Studio desktops, seeking to maintain a sales resurgence for the company’s computer line. The new MacBook Air gets the speedier, AI-focused M4 processor, an upgrade from the M3. Yahoo Finance reports.
💰 Microsoft’s $13 billion OpenAI investment clears UK antitrust review: Microsoft Corp.’s $13 billion investment into OpenAI Inc. was cleared by the UK’s antitrust watchdog, ending months of uncertainty over the tie-up. Yahoo Finance reports.
📉 CrowdStrike shares slide 6% on weak earnings outlook, lingering outage costs: The company shares dropped 6.3% after issuing weak earnings guidance as the company signaled ongoing pressure from its global IT outage that rattled businesses in July. CNBC reports.
⚡ Tesla to build massive battery facility in Texas for energy storage expansion: Tesla is going to build a new megafactory near Houston to operate a battery storage facility, Electrek reported on Wednesday, citing a tax abatement agreement with Waller County in Texas. Reuters reports.
🔍 Google experiments with AI-only search, removing traditional blue links: Alphabet's Google launched an experimental version of its search engine on Wednesday that completely eliminates its classic 10 blue links in favor of an AI-generated summary. Reuters reports.
📊 Logitech announces $2 billion share buyback, reaffirms 2025 outlook: The company will buy back $2 billion worth of shares over the next three years, and will increase its current buyback program by $600 million, the computer parts maker said on Wednesday as it confirmed its 2025 outlook. Reuters reports.
Top 5 Movers in Early Pre-Market
(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.
1) $$AGMH: AMG Gt Holdings
Total gain: +107.03%
2) $$ODYS: Odysight ai
Total gain: +48.99%
3) $$CUTR: Cutera
Total gain: +35.67%
4) $$DXF: Eason Technology
Total gain: +30.41%
5) $$KNW: Know Labs
Total gain: +26.14%
Yesterday's Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on March 5.
*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time
1) $GV: Visionary Holdings
Total gain: +178%
The company announced externally that it has secured a $1 billion financing consent letter with the Alfardan Group of Qatar. This funding will be used for product research and development, as well as the global market expansion of PEGASUS new energy vehicles under Visionary. Benzinga reports.
2) $CMRX: Chimerix
Total gain: +69.96%
Jazz Pharmaceuticals and Chimerix announced the companies have entered into a definitive agreement for Jazz to acquire Chimerix for $8.55 per share in cash, representing a total consideration of approximately $935 million. Benzinga reports.
3) $CDXC: ChromaDex
Total gain: +52.68%
The stock appeared to be moving on no notable news.
Today’s Notable Earnings
*Estimate and Actual numbers represent Earnings Per Share in US Dollars
COST: Costco Wholesale
2Q 2025
After Market Close
Estimate: 4.010
Actual: N/A
MLNK: MeridianLink
4Q 2024
After Market Close
Estimate: 0.080
Actual: N/A
BBAI: BigBear.ai Hldgs
4Q 2024
After Market Close
Estimate: -0.050
Actual: N/A
Today’s Key Economic Dates
Time (ET) / Report / Period
8:15 AM - ADP employment - Feb.
9:45 AM - S&P final U.S. services PMI - Feb.
10:00 AM - Factory orders - Jan.
Parting Thoughts
“The market is a great teacher, but it charges a hefty tuition.”
- Jack D. Schwager
Sourced in: "Market Wizards: Interviews with Top Traders.", by Jack D. Schwager, Published in 1989.