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Bloomberg

Trump Says US Won't Renew USMCA, Must Be Treated Better by Canada and Mexico

President Donald Trump said he would not reauthorize the US's trade deal with Canada and Mexico. "I'm not looking to renew it," Trump told reporters Wednesday at the White House. "We don't need anything that Canada has, we don't need anything that Mexico has, but they need everything that we have, and they have to treat us better."

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Technology

Judge denies Meta and Google motions for new trial in landmark social media harm case

A California state court judge has denied post-trial motions by Meta Platforms (NASDAQ:META) and Google’s (NASDAQ:GOOGL) YouTube seeking a new trial, upholding a landmark jury verdict that found the tech giants liable for intentionally designing addictive features that harm the mental health of youth.

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Bloomberg

Wall Street Braces for SpaceX IPO Friday

Wall Street has spent months debating how much SpaceX is worth. Behind the scenes, a different challenge has occupied the institutions responsible for bringing it public: preparing the plumbing systems needed to support what could become the largest IPO in history. Bloomberg Technology Co-Host, Ed Ludlow, discusses the IPO and what to expect ahead of SpaceX's Friday trading debut.

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Bloomberg

Cracker Barrel Rises on Full Year Guidance; Chewy Up on Q1 Results | Stock Movers

On this episode of Stock Movers with Alexis Christoforous: - Cracker Barrel (CRBL) is rising after the restaurant chain boosted its revenue guidance for the full year, beating the average analyst estimate. Short interest is about 27% of float, according to S3 Partners data. - Chewy (CHWY) shares are up after the online retailer of pet food and pet-related products reported better-than-expected first quarter results. Management cut the full year net sales outlook, but maintained its adjusted Ebitda margin guidance. - FedEx Freight (FDXF) is sliding after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers and retail partners.

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