Markets

Headlines and Quotations
CNBC
Trump unveils United Kingdom trade deal, first since ‘reciprocal’ tariff pause
- 10% baseline tariff is a low number, some will be much higher
- first 100,000 vehicles imported from U.K. car manufacturers each year are subject to a 10% rate, and any additional vehicles face 25% rates.
Robert Prevost is first American pope: Leo XIV
- Prevost, 69, chose the papal name Leo XIV.
Palantir now among 10 most valuable U.S. tech companies — its earnings multiple is astronomical
- Palantir joined the top 10 largest U.S. technology companies by market cap on Thursday.
- Palantir currently trades for 520 times trailing earnings, almost 200 times forward earnings, and 90 times revenue.
Bitcoin jumps above $100,000 for first time since February
- Other cryptocurrencies, which have struggled to keep pace with bitcoin this year, rallied. Ether jumped about 18%, while the token tied to Solana gained 10% and dogecoin rose 12%.
Standard Chartered analyst apologizes for $120,000 bitcoin price call, says target ‘may be too low’
- > Of course
WSJ
EU Targets American Aircraft, Car Parts for Possible Tariffs if Talks Fail
- The European Commission, the bloc’s executive body, on Thursday released a fresh list of about 95 billion euros worth of American products that it says could face tariffs, equivalent to about $107 billion
- > Playing Trump
India Says It Intercepted Missiles and Drones Launched by Pakistan
Reuters
Equities rise with dollar, bond yields on trade optimism after US-UK deal
CNN
Xi and Putin agree to ‘deepen’ China-Russia ties during Moscow talks
- the billionaire Microsoft founder says he doesn’t want to wait that long to give away most of his wealth.
- Gates wants to accelerate the foundation’s work on global health and equity initiatives and hopes the move will set a model for other billionaires, he said in a blog post published Thursday morning.
- uncovered unique genetic differences the Haenyeo have evolved to cope with the physiological stress of free diving
- “Your blood pressure increases as you dive. Their (Jeju residents’) blood pressure increases less,” Ilardo explained.
Gates Notes
My new deadline: 20 years to give away virtually all my wealth
- When I first began thinking about how to give away my wealth, I did what I always do when I start a new project: I read a lot of books. I read books about great philanthropists and their foundations to inform my decisions about how exactly to give back. And I read books about global health to help me better understand the problems I wanted to solve.