The SEC just floated a proposal that would let public companies swap their quarterly 10-Qs for semiannual 10-S filings. The pitch, long backed by President Trump, says less reporting equals more long-term thinking. Critics worry retail investors will be left flying blind. Either way, earnings season may officially go semi-pro.

— Brooks & Cas

Tesla's (TSLA) Semi just landed one of its biggest fleet wins yet: 60 trucks headed to two California port operators via Forum Mobility, the charging provider backed by Amazon (AMZN) and CBRE (CBRE). Short-haul drayage is where electric trucks actually pencil out, which makes this a rare EV order driven by math instead of vibes.

📉 | Coinbase (COIN) cut 14% of its staff with CEO Brian Armstrong pinning the call on AI.

📉 | Shopify (SHOP) slid after guiding Q2 revenue growth to slow sharply from the first quarter.

📈 | Cytokinetics (CYTK) surged on positive Phase 3 results for hypertrophic cardiomyopathy drug aficamten.

📈 | Rockwell Automation (ROK) rallied on a fiscal Q2 beat and a raised full-year profit outlook.

📉 | Fiserv (FI) tumbled after Q1 EPS dropped 29% year over year.

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Wolfe Research analyst Spencer Hanus is sticking with his Outperform call on Five Below. The catalyst is small, squishy, and bizarrely viral.

Dumpling-shaped fidget toys are blowing up on TikTok and pulling shoppers through the door, the analyst said. Last week, the chain capped purchases at three mystery dumplings per customer per day.

The squish trend, which also includes NeeDoh and Taba, is driving repeat visits and new shopping occasions. Scarcity is doing the rest.

Hanus sees Q1 same-store sales printing in the high teens to low 20s, well above consensus at 16%, with Q2 estimates still too low. He expects management to leave room to beat and raise throughout the year.

Both new and existing customer sales are accelerating, fading concerns about comping the comp. Hanus says Five Below consistently ranks in Wolfe's top bucket of monthly in-store checks on assortment, cleanliness, and customer energy.

Shares are in the green year-to-date. The trend will eventually cool. Until then, the dumplings keep delivering.

🎮 | Microsoft (MSFT) Xbox chief Asha Sharma is reorganizing leadership and pulling four new hires from the company's CoreAI engineering group.

🐛 | Anthropic CEO Dario Amodei warned that its new Mythos model has surfaced tens of thousands of unpatched software vulnerabilities.

🤖 | OpenAI launched GPT-5.5 Instant as ChatGPT's new default model, claiming reduced hallucinations in law, medicine, and finance.

👶 | Meta (META) will use AI to scan photos and videos for cues like height and bone structure to flag and remove users under 13 from Facebook and Instagram.

🏛️ | Airbnb (ABNB) co-founder Joe Gebbia hired branding veteran Peter Arnell as the US National Design Studio's first chief brand architect to redesign 27,000 government websites.

Do you own any shares of Palantir (PLTR)?

▇▇▇▇▇▇ 🐂 Yup, I’m holding

▇▇▇▇▇▇ 🐻 Nope, not interested

▇▇▇▇▇▇ 👀 No, but I’m interested

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