This Week's

• Markets 📈

• Geopolitics 🌍

• Business 👔

Markets 📈

• Fed Chair Jerome Powell acknowledged the tariffs are “larger than expected,” adding there’s “a lot of uncertainty” around their impact. He offered no timeline for potential Fed action.

• Klarna, StubHub, Medline, Chime, and Hinge Health have paused IPO plans as Trump’s tariff proposals fuel market volatility. Valuation concerns and weak investor sentiment are driving the delays.

• Investors rushed into Treasuries as markets reeled from Trump’s new tariffs: the 10-year yield dropped to 3.9%, near its lowest since October, and stocks logged their worst stretch since the pandemic.

Geopolitics 🌍

• DOGE has canceled or modified $1.16B in Deloitte contracts since Trump’s second term began. Musk’s advisory group says they saved $371.8M in taxpayer funds; the largest canceled deal was $51M for IT work at HHS.

• GPT-4.5 passed the Turing test, fooling humans 73% of the time—more often than humans fooled each other—per a study from UC San Diego.

• China rejected a proposed TikTok sale to U.S. buyers following the announcement of new U.S. tariffs. Talks are reportedly on hold.

Business 👔

• Wisconsin’s Supreme Court race saw $100M in spending—double the 2023 record—driven by billionaire donations from Elon Musk, George Soros, and others.

• Cory Booker spoke for 25 hours in Senate protest, breaking the record for longest speech—previously held by Democrat Strom Thurmond, who in 1957 spoke against the Civil Rights Act.

• California Governor Gavin Newsom is urging trade partners to exclude California-made goods from retaliatory tariffs. California, the world’s 5th largest economy, does over $675B in trade.

Roadmap includes:

• Mystery Chart of the week

• Stocktwits integration

• Author bio/welcome/story

• Quote of the week

• Deepresearch report

• Read last weeks issue

• Polls

• Subscriber only sections

• Discord server (lol)

• Something else? Reply and let me know.