U.S. Stock Futures Decline Amid Tariff Uncertainty: Here are the top headlines making waves

U.S. stock futures are trending lower as investors brace for potential tariff announcements from President Donald Trump. The Dow Jones Industrial Average futures have dipped by 0.6%, while Nasdaq and S&P 500 futures are experiencing similar declines. Concurrently, Bitcoin has risen by approximately 2%, trading above $84,000, and gold futures have reached new all-time highs. Oil futures are also seeing a slight uptick, whereas yields on the 10-year Treasury note are decreasing. ​

President Trump to Announce New Tariffs

President Donald Trump has indicated that he will unveil new tariff plans tomorrow, dubbed “Liberation Day.” Reports suggest that the administration is considering a 20% tariff on all U.S. imports or implementing reciprocal tariffs that match those imposed on U.S. exports. The European Union has signaled its readiness to impose retaliatory tariffs if negotiations fail to prevent the increased import taxes. ​

OpenAI Secures $40 Billion in Funding

OpenAI has completed a $40 billion funding round led by Japan’s SoftBank, elevating the company’s valuation to $300 billion. The investment aims to advance AI research, expand computing infrastructure, and deliver more powerful tools. SoftBank’s contribution could reach up to $30 billion, contingent upon OpenAI’s transition to a for-profit entity by year’s end. ​

Commerce Secretary Warns Chipmakers on U.S. Investments

Commerce Secretary Howard Lutnick has reportedly cautioned semiconductor manufacturers that their CHIPS Act funding may be reduced if they do not increase their investments in U.S. production facilities. This follows Taiwan Semiconductor Manufacturing Company’s announcement of a $100 billion investment in U.S.-based chip manufacturing. ​

Moderna Shares in Focus After FDA Official’s Resignation

Moderna’s stock has drawn attention after a nearly 9% decline, reaching a five-year low. The drop follows the resignation of FDA vaccine chief Peter Marks, who cited conflicts with Health and Human Services Secretary Robert F. Kennedy Jr. Moderna’s shares have plummeted 95% from their August 2021 peak, which was driven by demand for their COVID-19 vaccine. ​

Mass Firings at U.S. Health Agencies

The Trump administration has initiated mass firings at key health agencies, including the FDA, CDC, and NIH. Thousands of employees, including top leaders, have been terminated as part of efforts to reduce bureaucratic sprawl. The layoffs have raised concerns about the future effectiveness of these agencies.

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Myanmar Earthquake: Aid Groups Warn of Overwhelming Needs

Following a devastating earthquake in Myanmar, aid organizations report an urgent need for food, water, and healthcare. The disaster has resulted in significant casualties and displacement, with relief efforts hampered by ongoing civil unrest.

Haiti’s Rice Industry Struggles Amid Foreign Aid

Efforts to provide affordable rice to Haiti have inadvertently hindered the nation’s ability to produce its own, leading to long-term economic challenges for local farmers. The influx of cheap imported rice has undercut local production, raising concerns about food security and economic independence.

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