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Bloomberg

Trump Unveils New Tariff Plan for Trade Partners

The US is proposing new tariffs of at least 10% on imports from most major trading partners, citing forced-labor practices.  The 10% rate would apply to partners who prohibit forced labor imports, such as Canada, Mexico, the EU, Taiwan, and the UK. Ryan Majerus, Partner: International Trade Team at King & Spalding, discusses the path ahead for tariffs, Section 301 investigations, and where refunds stand.

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Bloomberg

Petco Drops on Adjusted Ebitda; Five Below Slides on Growth Concerns | Stock Movers

On this episode of Stock Movers with Alexis Christoforous: - Petco (WOOF) shares tumble after the pet health and wellness company's adjusted Ebitda forecast for the second quarter came in below the average analyst estimate. - Five Below (FIVE) shares are down after the retailer reported results, and while the quarter was a "standout," the growth rate might be peaking, according to Jefferies. Citi said the unchanged 2H26 guidance feeds into the bear case that comps will slow over next year. - PVH (PVH) shares tumble after reaffirmed adjusted earnings-per-share guidance from the owner of the Calvin Klein and Tommy Hilfiger brands missed consensus estimates. Analysts note sustained pressures from the Middle East conflict.

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