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Stocks Gain on Trade Optimism | Open Interest 05/08/2025

Markets

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May 8, 2025

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Bloomberg

Equities are risk-on after President Trump announced a trade deal with the UK while saying that if China talks go well, tariffs could be lowered. Meanwhile, pharma stocks take a hit on a report Trump will revive an effort to dramatically slash drug costs. Wall Street bonuses are set to drop as tariff turmoil causes economic uncertainty. And a Jeff Bezos-backed startup plans to shake up the EV market. Chris Barman, the CEO of Slate Auto joins Open Interest. (Source: Bloomberg)

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