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Markets on Edge as EU Readies $24.5 Billion Tariff Package Amid US Trade Escalation

Tensions between the European Union and the US are rising after Italy’s Foreign Minister revealed that Brussels has prepared a €21 billion ($24.5 billion) package of retaliatory tariffs on US goods. This move comes as a response to President Trump’s new wave of trade measures, including a 30% tariff on Mexican imports and looming duties on EU exports. The news added fuel to already anxious markets after a surge in S&P 500 $SPY ( ▼ 0.43% ) put options on Friday, signalling bearish sentiment. Despite that, the S&P 500 remains above critical support levels, with technical analysts citing a “buy-the-dip” zone around 608–610. Crypto markets, meanwhile, are flashing bullish signals with breakout patterns in both Bitcoin and Ethereum, suggesting broader risk appetite may persist. While macro risks are elevated, especially if EU-US negotiations falter, the equity market's resilience and strength in crypto hint at underlying optimism, at least for now.

Google Backs Nuclear Fusion with Power Deal to Accelerate Carbon-Free Goals

Google $GOOG ( ▲ 0.16% ) has made a strategic investment in nuclear fusion energy by signing a power purchase agreement for a Virginia-based fusion plant, though the financial terms remain undisclosed. According to Commonwealth Fusion Systems (CFS) CEO Bob Mumgaard, the funding is likely on par with their previous $1.8 billion Series B round in 2021. The move aligns with Alphabet’s broader pledge to power its operations with 24/7 carbon-free electricity by 2030. While fusion remains in the experimental phase, Google's early commitment underscores growing corporate interest in scalable clean energy alternatives. This partnership may also signal future alignment between Big Tech and next-gen energy infrastructure.

Tesla’s $800 Billion Robotaxi Vision Faces Crucial Test Amid Market Skepticism

Tesla’s $TSLA ( ▼ 1.93% ) long-touted robotaxi dream is inching closer to reality, with initial rollouts spotted navigating the streets of Austin. However, the $800 billion valuation premium riding on Tesla's autonomy ambitions now faces serious scrutiny. While some investors, like Gary Black of Future Fund LLC, argue that debates comparing Tesla’s full self-driving tech to Waymo’s are missing the point, others warn that scalability, not just efficacy, will determine success. Tesla’s rich forward P/E of 150x reflects lofty expectations that could crumble if its autonomous service fails to deliver. With 59% of Tesla’s valuation tied to robotaxi hopes, the stakes for credibility and market dominance have never been higher.

Most Anticipated Earning Releases - July

USBDisclaimer: The content of this newsletter is for informational purposes only and is not intended as financial advice.