The Rundown GameStop Earnings Disappoint, U.S & China Reach 'Framework' for Trade Deal
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Jun 11, 2025 Recent trade developments between the U.S. and China could pave the way for a new agreement on export restrictions. The competitive landscape in the weight loss drug market is heating up, with Eli Lilly taking a tough stance against generics, while Novo Nordisk opts for a more cooperative approach. Meanwhile, GameStop faces disappointing Q1 earnings, struggling with declining hardware sales and store closures, prompting a shift towards cryptocurrency. Starbucks is also making waves with a strategy to promote protein-infused drinks to boost its sales.
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US-China Trade Framework Optimism
- The US and China have agreed on a trade framework while keeping tariff rates steady but easing restrictions.
- This move is causing optimism in markets despite high tariffs remaining in place.
Tariffs Not Driving Inflation Up
- May inflation rose 2.4% year over year, lower than expected, showing tariffs haven't driven inflation up yet.
- This may ease fears that tariffs lead directly to significant price increases.
Quantum Computing Nears Breakthrough
- NVIDIA CEO Jensen Huang now says quantum computing is nearing practical breakthroughs, reversing earlier skepticism.
- Quantum stocks have rebounded strongly on this renewed optimism and new technology.