– U.S. President Trump announced a candidate for the vacant Federal Reserve Board seat, signaling potential monetary policy shifts amid pre-market stock index gains.
– Market reactions included Spotify (+3.68%) from price hikes, UBS (+2.62%) on strong earnings, and Replimune (-34.87%) after FDA rejected its melanoma therapy due to flawed trial design.
– Tesla granted 96M shares to Elon Musk at $23.34/share and reported 67,886 China wholesale sales, while Alphabet’s VC arm negotiated a $90B+ investment in AI firm Vast Data with Nvidia.
– Ezgo Technologies (-31.37%) and Stryker (-2.99%) declined despite revenue beats, reflecting investor skepticism over growth stability and earnings performance.
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