To The Moon

Donald Trump’s sweeping tariff regime threatens upheaval for the likes of Apple, Amazon and other US companies that rely heavily on manufacturing in China and other countries now targeted for extra levies.The US president’s extra tariffs, due to come into effect within days, impose a universal 10 per cent levy on all countries. But they are much steeper for many of the Asian countries whose factories are deeply embedded in supply chains relied on by US multinationals.The extent of new tariffs was “worse than the worst case” scenario that markets feared, wrote Wedbush analyst Daniel Ives.The tech sector “will clearly be under major pressure on this announcement worries about demand destruction, supply chains and especially the China and Taiwan piece of the tariffs”, Ives noted.Technology co

Shares of Moderna Inc. surged 5.03% in Friday's trading session amidst positive news for the biotech company.In a vote of confidence, Moderna CEO Stephane Bancel and board member Paul Sagan purchased over $6 million worth of the company's shares this week according to SEC filings. Additionally, Moderna secured a favorable legal outcome in a patent dispute with Pfizer and BioNTech over its Covid-19 vaccine technology. A German court ruled that the two pharma giants infringed on Moderna's patente

Nvidia is retreating 3% after it was reported yesterday that a number of companies had developed methods of circumventing U.S. prohibitions on NVDA's chips being sold to Chinese companies.Additionally, the imposition of President Donald Trump's tariffs today is pulling down most semiconductor stocks, including NVDA.Chinese entities have found methods of obtaining advanced NVDA chips that Washington has decreed must not be sold to the Asian country, The Wall Street Journal reported yesterday. Specifically, Chinese resellers have been obtaining NVDA's top AI chips from firms in nearby nations. Singapore said that it would investigate the matter.The report may have led investors to fear that the loophole which Chinese entities have been using to obtain NVDA's chips will be closed, causing the company's top and bottom lines to drop significantly.The shares of most chip makers, including NVDA, are trading lower today following the news.READ ALSO8 Best Wide Moat Stocks to Buy Nowand30 Most