Wall Street Breakfast Quantum names pop
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Oct 23, 2025 Excitement buzzes as the Trump administration explores equity stakes in key quantum tech firms, causing a surge in their stock prices. Meanwhile, Trump stirs controversy by claiming tariffs benefit ranchers and suggesting imports of Argentine beef. The market reacts to new U.S. sanctions on top Russian oil companies, driving crude oil prices higher. In addition, Tesla and IBM grab attention with significant market movements, as analysts predict strong future growth amid a shifting economic landscape.
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Government Moves Into Quantum Tech
- The Trump administration is negotiating equity stakes in key quantum computing firms, signaling direct government involvement in the sector.
- Quantum stocks like IonQ, Rigetti, and D-Wave jumped double digits on the report, reflecting investor enthusiasm for state-backed support.
Tariffs, Trump, And Ranchers Clash
- President Trump claimed tariffs he imposed boosted U.S. cattle ranchers' profits and urged them to lower prices.
- Ranchers and industry groups pushed back, warning the proposal to import more beef from Argentina would create chaos and not reduce grocery prices.
Sanctions Drive Oil Higher
- New U.S. sanctions target Russia's two biggest oil producers and could cut them off from the international financial system.
- The measures lifted crude nearly 5%, showing how geopolitical sanctions can quickly affect global oil prices.