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Trump's Auto Tariff Relief Plan
- The Trump administration plans to ease auto tariffs by not stacking levies on foreign-made cars beyond the 25% tariff.
- Automakers may be reimbursed for additional tariffs already paid, aiding domestic manufacturing incentives.
Auto Stocks Rise on Tariff News
- Auto stocks responded positively in pre-market on tariff relief buzz, with significant gains seen in GM, Ford, and Stellantis.
- This market response reflects investors' optimism about easing tariff pressures on automakers.
Okta Joins S&P MidCap 400
- Okta will join the S&P MidCap 400, replacing Berry Global Group, which is being acquired by Amcor.
- This index change reflects ongoing corporate acquisitions affecting market composition.