Wall Street Breakfast Regional bank worries drag futures lower
Oct 17, 2025
Regional bank fears are sending stock index futures tumbling. Novo Nordisk and Eli Lilly experience sharp declines after Trump's comments about lowering Ozempic prices. Ford is recalling nearly 625,000 vehicles due to issues with seatbelts and rear-view cameras. In other headlines, BYD faces a record recall, Spirit Airlines plans pilot furloughs, and the U.S. Chamber of Commerce is suing over H-1B visa fees. Micron's shares drop as it reportedly halts sales of server chips to China.
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Regional Bank Stress Reverberates
- Futures fell sharply as traders grew concerned about the health of regional banks after loan charge-offs and alleged fraud surfaced.
- The headlines revived memories of the 2023 regional bank stress and dented market risk appetite.
Presidential Comments Hit Drug Stocks
- Novo Nordisk shares plunged after President Trump said Ozempic's price would fall dramatically to about $150 a month from roughly $1,000.
- The comments pushed similar drugmakers like Eli Lilly lower on concerns about pricing pressure.
Act On Ford Recall Notices
- Inspect your affected Ford vehicles if you own a recalled model and schedule dealer service for free software updates or part replacements.
- Take recall notices seriously because dealers will update image-processing software and replace faulty seatbelt components as needed.