News

Nippon Steel and U.S. Steel are reportedly in talks with the Trump administration to revive their $14 billion merger by significantly boosting investments in U.S. Steel's Rust Belt facilities. The revised terms would preserve the $55-per-share acquisition price and Nippon would begin making sizable capital investments into U.S. Steel as soon as possible.

H.B. Fuller Company's first-quarter results showed a 2.7% year-over-year decline in net revenue, driven by underperformance in the Health, Hygiene, and Consumable segment. Despite this, the company's Engineering and Building Adhesive Solutions segments showed positive results, and the analyst expects adjusted EBITDA to grow by 1% in FY2025.

J.P. Morgan analyst Jeremy Tonet remains bullish on the power sector despite current bearish sentiment, citing strong demand growth and regulatory uncertainty as key factors influencing market dynamics. He reiterates Overweight ratings on Talen Energy Corporation (TLN) and Constellation Energy Corporation (CEG), lowering price forecasts, and maintains an Overweight rating on Vistra Corp. (VST), lowering the price forecast.

Economist Peter Schiff criticized Bitcoin's year-to-date decline, highlighting gold's 18% rally as evidence of misplaced market focus. He challenged the bullish narrative surrounding Bitcoin's strategic reserve, arguing that investors are ignoring market fundamentals and overlooking gold's role as a traditional hedge.

President Donald Trump has pardoned the three co-founders of cryptocurrency exchange BitMEX, who previously pled guilty to federal charges related to money laundering and regulatory violations. The pardons come as Hayes has maintained an extremely bullish outlook on Bitcoin despite market volatility.