Robinhood shares fall as S&P 500 inclusion hopes dashed



Investing Wealth Daily

In Today’s News

Merck’s cholesterol drug meets main goal in two studies
Merck’s new cholesterol drug is showing promising results in two major studies aimed at combating hyperlipidemia—a condition marked by elevated levels of LDL, or “bad” cholesterol. Patients involved in the trial experienced significant drops in LDL-C, offering hope to millions at risk for cardiovascular complications. With regulatory approvals on the horizon, Merck could see a pivotal shift in its long-term pharmaceutical portfolio.

Robinhood shares fall as S&P 500 inclusion hopes dashed
Robinhood stock dipped after S&P Dow Jones Indices announced no changes to the S&P 500 during its quarterly rebalance. Despite investor speculation, the trading app’s recent rally couldn’t push it into the index. This decision comes as a surprise to many given Robinhood’s recent momentum, sparking debate on its near-term growth potential.

Tariffs on canola seen supercharging Canadian farmers’ shift to spring wheat
Canadian farmers are responding to Chinese and U.S. tariffs on canola by shifting focus to spring wheat—a staple that’s losing favor in the U.S. With global agricultural markets in flux, this unexpected trend highlights how policy changes are reshaping global food supply chains.

Other Headlines

Musk’s father says Trump row triggered by intense stress, has to end
Errol Musk has weighed in on the escalating public dispute between Elon Musk and former President Donald Trump. He believes both parties have been under extraordinary pressure, and is urging for a de-escalation in rhetoric before further damage is done.

China’s EV makers turn on BYD as price war escalates
Long-running tensions among China’s top EV manufacturers have resurfaced, with BYD coming under renewed scrutiny. Regulatory pressure and emissions accusations have led to a fierce pricing war that may reshape market dynamics in the world’s biggest EV sector.

Chevron CEO warned staff of rising safety issues before fatal Angola platform fire
Chevron’s CEO issued internal warnings about deteriorating safety standards just weeks before a fatal platform fire in Angola. The tragic incident has raised serious questions about corporate oversight and worker protection in high-risk regions.

Boeing plane lands back in China for delivery as tariff war eases
A Boeing aircraft intended for Xiamen Airlines has finally landed back in China for delivery, signaling a possible thaw in U.S.-China trade tensions. The resumption of deliveries could reignite momentum for Boeing’s Asia-Pacific sales.

Oil prices stable ahead of US-China trade talks
Oil prices remained steady on Monday as investors await outcomes of new U.S.-China trade negotiations. Energy analysts suggest any breakthrough deal could trigger a bullish run in global crude markets.


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