🤝 Two airlines combine forces

Good evening. It was a wild one. U.S. markets traded like crypto meme coins. First soaring on rumors of a 90-day tariff pause, then plunging after Trump shut it all down on Truth Social. He called the pause “fake news,” threatened to slap China with another 50% tariff on top of the current ones, and declared that all talks are officially off the table.

⬆︎⬇︎ 1-day change
Market data: today’s market close

WINNERS

⬆︎54.91% Mesa Air

Two regional airlines are joining forces. Mesa, which flies mostly in the West, is merging with Republic, which serves the Northeast and Mid-Atlantic. The new company will run over 1,200 daily flights and take on a new name, Republic Airways Holdings. Mesa’s debt will be wiped as part of the deal. (Financial Post)

⬆︎16.22% U.S. Steel

The Trump administration announced a new review of the steelmaker’s planned sale to Japan’s Nippon Steel. The $55-a-share deal, nearly a 50% premium as of yesterday, was blocked under Biden over national security concerns. Now, activist investor Ancora wants a new board in place to help push it through. (Barron’s)

⬆︎7.83% Dollar Tree

The discount retail chain just got upgraded from "Neutral" to "Buy" by Citi’s analysts. With tariffs raising costs on about half its products, analysts believe the company can bump prices from $1.25 to $1.75 without losing shoppers. (Yahoo)

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Market data: today’s market close

LOSERS

⬇︎2.82% Shell

The British oil and gas giant cut its expectations for natural gas and liquefied natural gas production this quarter, due to bad weather and unplanned maintenance in Australia. The company recently reaffirmed its focus on oil and gas, scaling back on green energy spending to boost profitability. A move welcomed by investors but criticized by climate advocates. (euronews)

⬇︎13.22% Hang Seng Index

The worst single-day crash for Hong Kong shares since the 1997 Asian financial crisis. The Hang Seng Index, which tracks major Chinese stocks, plunged after markets opened Monday, reacting to China’s 34% retaliatory tariffs announced after Friday’s Hong Kong market close. (CNN)

⬆︎⬇︎ 1-day change
Market data: today’s market close

EXTRA

STOCKTWITS

You can track these stocks on Stocktwits using the following symbols: $MESA ( ▼ 1.82% ), $X ( ▲ 1.17% ), $DLTR ( ▼ 2.59% ), $SHEL ( ▲ 0.38% ) & $HSCEI ( 0.0% ).

THE END

That’s it for today’s recap. We hope you found it valuable.

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