Markets dip on US-China tensions, while Applied Digital and BioNTech stocks surge on major deals.
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Overall, our AI indicates a BEARISH stance on general market news, but stock news articles show a slightly bullish sentiment.
Here’s a breakdown of key stock events by our AI Event signal for today, 6/2.
The Must-Know News Stories for Today, 6/2.
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New York Post
BearishShortTermS&P 500Industry News
Stocks drop as trade tensions between US, China flare up again
- US-China trade tensions escalated, impacting market confidence.
- S&P 500 dropped 0.3% amid worsening trade negotiations.
- Treasury yields increased, influencing interest rates for consumers.
- US curbs on exports to China fuel fears of retaliation.
- Anticipated discussions between Trump and Xi could stabilize markets.
CNBC
VeryBullishLongTermAPLDCorporate Developments
Applied Digital shares rip 40% higher on CoreWeave AI lease agreement
- Applied Digital's shares rose over 40% following lease agreements with CoreWeave.
- CoreWeave's stock increased by more than 7% after the announcement.
- APLD expects $7 billion in revenue from leases over 15 years.
- The data center in North Dakota will feature 400 MW capacity.
- CEO claims the deal is a strategic step into advanced compute infrastructure.
Market Watch
BullishLongTermBNTXCorporate Developments
Bristol Myers makes $11 billion deal with BioNTech to join the cancer-drug race - MarketWatch
- BioNTech shares surged 11.5% after Bristol Myers' $11.1 billion deal.
- Bristol Myers will co-develop BNT327, targeting multiple cancer types.
- BNT327 is in Phase 3 trials for lung cancer and breast cancer.
- Bristol Myers may pay an additional $7.6 billion based on milestone achievements.
- This deal comes amid increasing competition in cancer treatment development.
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