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Tesla boasts its position as the most American-made car manufacturer, potentially shielding the company from new auto tariffs, although the company acknowledges the significant impact. However, Tesla faces challenges in both domestic and international markets, including declining sales in Europe and China and a struggling used car market.

President Donald Trump's foray into the world of meme coins has sparked controversy and raised concerns within the crypto industry. Despite his earlier promises to usher in an era of legitimacy for the industry, Trump's promotion of a meme coin, a functionally worthless asset known for its volatility and association with scams, has left many questioning his judgment and commitment to responsible regulation.

US stocks rebounded on Friday after a volatile week, but concerns remain about the impact of President Donald Trump's trade war on the economy and the overall market outlook. The Dow Jones Industrial Average ended the day higher by 675 points, or 1.65%, while the S&P 500 and Nasdaq Composite gained 2.13% and 2.61%, respectively.

European nations are accelerating their military spending in response to a perceived decline in US commitment to defend the continent in future conflicts. This shift is reflected in soaring defense company stocks and growing calls from both European leaders and strategists for a more autonomous, united European security strategy.

23andMe has filed for Chapter 11 bankruptcy protection as the company looks to optimize its sale process amid ongoing challenges in finding a sustainable business model. The announcement also comes with the immediate resignation of CEO Anne Wojcicki and follows significant organizational changes including workforce cuts and shifts in strategic direction.