Turns out all it takes to calm Wall Street is a better-than-expected jobs report and a Tesla rebound. After Elon’s 14% nosedive on Thursday, the stock $TSLA ( ▼ 5.13% ) jumped today, helping lift the broader market. Meanwhile, May payrolls beat forecasts, easing fears that the economy is sliding too fast for the Fed to ignore. And just to keep things spicy, Trump says trade talks with China are back on — this time in London.

— Brooks & Cas

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$AVGO ( ▼ 3.4% ) Broadcom’s stock is dropping — but here’s the big thing investors are missing (MarketWatch)

$MRNA ( ▼ 0.18% ) How Is Moderna’s Stock Performance Compared to Other Biotechnology Stocks? (Barchart)

$SBUX ( ▲ 3.75% ) Can Starbucks Brew Up a Turnaround? (Investing.com)

$SHOP ( ▼ 2.65% ) Why Shopify Stock is Climbing Today (GuruFocus)

$DAL ( ▼ 0.85% ) Delta Air Lines Inc. stock outperforms competitors on strong trading day (MarketWatch)

CNBC: United is partnering with Spotify to stream playlists, podcasts, and audiobooks on seatback screens—Spotify’s first in-flight rollout.

YF: Omada Health debuted with a $1.1B IPO, joining Hinge Health as the year’s second major digital health listing.

TechCrunch: Walmart and Alphabet’s Wing are expanding drone delivery to 100+ stores across five new U.S. cities, boosting retail convenience.

CNBC: Apple’s AI strategy faces scrutiny ahead of WWDC, as rivals like OpenAI and Google outpace its progress in AI hardware and innovation.

Reuters: EU regulators say Novo Nordisk’s Ozempic and Wegovy may rarely cause a serious eye disorder linked to vision loss.

Planet Labs’ $PL ( ▲ 5.08% ) stock price shot up over 50% after the company posted its first quarter of positive free cash flow. It also delivered breakeven adjusted earnings and record revenue of $66.3 million, beating analyst expectations for both metrics.

CEO Will Marshall credited the performance to strong execution and strategic alignment, with the company projecting Q2 sales between $65 and $67 million. As a result, the stock has gained 52% YTD and 232% over the past 12 months.

Planet recently inked a $230 million contract with a long-time Asia-Pacific partner to support the launch of its next-gen Pelican satellites. The deal, which involves several years of construction and five years of satellite operation, marks Planet’s bold entrance into the satellite services market. Customers will receive dedicated regional access, while Planet retains global data licensing rights.

The contract is expected to significantly boost its balance sheet in FY 2026, accelerating its Pelican constellation buildout and expanding AI-driven space capabilities.

Planet was rocked by revenue misses and layoffs after its IPO in 2021, but it is now going through a massive rebound. It launched its Pelican-2 satellite this month, equipped with Nvidia’s $NVDA ( ▼ 3.44% ) Jetson AI platform, and announced a multiyear deal with the European Space Agency.

The CEO emphasized that long-standing client relationships and vertical integration are driving momentum in both data and satellite services. Its stock has more than doubled in the last year, proving that its strategy shift may be paying off.

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Reuters: India’s central bank cut rates by 50 bps—its steepest in 5 years—to spur growth, while shifting to a neutral stance amid global volatility.

QZ: Japan’s Envision AESC halted construction on its $1B EV battery plant in South Carolina, citing tariff and policy uncertainty.

CNN: Despite new tariffs, U.S. new car prices dipped 0.2% in May to $48,334, even as automaker sticker prices edged higher.

WSJ: German and French industrial output each fell 1.4% in April as Trump’s tariffs began to drag down European exports.

Axios: U.S. Steel’s Nippon takeover remains in limbo as Trump delays a decision, with key issues unresolved ahead of the June 18 close date.

Are you bullish or bearish on the S&P 500 over the next 12 months?

▇▇▇▇▇▇ 🐂 Bullish

▇▇▇▇▇▇ 🐻 Bearish

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