Sam Fazeli, Director of Research for Global Industries and Senior Pharmaceuticals Analyst for Bloomberg Intelligence, joined Bloomberg's Scarlett Fu and Paul Sweeney to discuss the gains and losses in the GLP1 market. (Source: Bloomberg)

The prospect of billions of dollars of oncoming demand for SpaceX stock from index-tracking funds risks creating a feedback loop that drives the shares of Elon Musk ’s company even higher, academics and market observers have warned. Nasdaq Inc., FTSE Russell and MSCI Inc. are all set to fast-track the company into their gauges, after the first two index providers changed rules to allow its early addition. About 30% of SpaceX’s free float is now set to be owned by passive investors after just 15 days of trading, according to Intropic, a provider of index-rebalancing forecasts. That figure would be roughly 4% under previous slower-inclusion rules. Anticipation of that mechanical demand alone is set to put upward pressure on SpaceX stock, even before the race between funds to secure shares. Combined with the frenzies already surrounding Musk, SpaceX and artificial intelligence, the risk is that index products themselves help drive up the price they end up having to pay. It makes the rocket maker’s public debut not only the largest in history, but also a significant test of passive investing’s influence on the market. “One reason every index provider is trying to add SpaceX to their index so fast is because of the implicit competition between benchmarks,” said Marco Sammon, an assistant professor at Harvard Business School, who has studied the impact of passive investing. “This seems like a case where index methodology, rather than fundamentals, could have a huge effect on prices.” ‘Shadow Tax’ With passive vehicles now accounting for about 60% of US equity funds and controlling about a fifth of the S&P 500’s value, according to Bloomberg Intelligence estimates , concerns have long been growing that indexing has the potential to warp trading and prices. Sammon at Harvard has previously shown that widespread anticipation of index additions has actually helped contain any upward pressure they exert on price, thanks to specialized traders at hedge funds and market makers a...

格隆汇6月10日｜阿布扎比国家石油公司首席执行官：阿布扎比国家石油公司的子公司XRG对加拿大上游和液化天然气领域的机会非常感兴趣。

US equity indexes dived following a sharp sell-off in technology, led by semiconductors, in midday t

Tom Homan, White House border czar, speaks to members of the media outside the White House in Washington, DC, US, on Tuesday, June 9, 2026. Daniel Heuer | Bloomberg | Getty Images White House border czar Tom Homan on Tuesday blamed New York Gov. Kathy Hochul for a promised surge of Immigration and Customs Enforcement officers to New York City. But Homan would not say when he expected that surge of ICE agents to happen, when questioned by reporters at the White House. "You can expect more ICE agents to go to New York because Gov. [Kathy] Hochul signed legislation that ended our ... agreements" that allowed the agency to delegate state and local law enforcement officers to perform immigration enforcement functions under ICE oversight, he said. The agreements under ICE's 287(g) program were used to identify and process removable immigrants who were in jail after being arrested by local authorities on unrelated charges. "We're going to surge resources in New York," he said. We have to." But Homan separately said on Chris Cuomo's SiriusXM show that a surge of ICE agents to New York will not use the same tactics as in a prior surge of thousands of immigration agents in Minnesota, where two U.S. citizens were killed by federal agents in separate incidents in January amid weeks of tense clashes between residents and federal agents. "You will not see a Minnesota. I will not let Minnesota happen," Homan said Tuesday on that show. Hochul, in late May, signed a law that bars local governments, state and local police, and state and local correctional facilities "from entering into 287(g) Agreements or similar agreements with the federal government that allow for state and local law enforcement personnel and facilities to be used for civil immigration enforcement purposes," the governor's office said in a press release. Homan on Tuesday at the White House said a surge of ICE agents to New York is necessary because "she took the efficiencies of the jails away in the 287(g) agreeme...

Bruce Bennett/Getty Images News Trading revenue at Bank of America ( BAC ) is trending better than the 15% expected, said Co-President Jim DeMare at the Morgan Stanley U.S. Financials Conference . "With interest rates on an upward trend, while credit spreads and the like have remained firm, a lot more of the activity and revenue has been coming from the equities business, and that's what we've been seeing, I think, in general for the industry, probably for the last 12 months," said DeMare. The investment banking side is in pretty good shape this quarter, said the co-president. "It's going to be a good quarter." "I would say it was constructive, showing the growth where we indicated we were going to have the growth," he noted. "Starting off with operating margin, we had guided 2% to 3% is kind of a target for operating margin. We got close to 3% for Q1. I think we're talking north of 4% for Q2," said DeMare. The bank is sticking to its $1.8B on investment banking and net interest income guidance. At Investor Day, Bank of America laid out a medium-term target of 50 to 100 basis points of investment banking market share gains. DeMare sees 300 basis points higher market share with some clients, which puts them in the second position. More on Bank of America Bank of America Corporation (BAC) Presents at Morgan Stanley US Financials Conference 2026 Transcript My Bullish Call On Bank of America Aligns With Its Seeking Alpha Quant Rating (Technical Analysis) Bank of America: Let The Capital Flow To Your Portfolio With This Banking Powerhouse Congresswoman calls on banks to justify preparedness over Anthropic's Mythos-related vulnerabilities Banks rethink hiring as AI shrinks entry-level roles, reshapes recruiting

Tesla Wins Denmark Green Light For FSD Expansion — But TSLA Stock Slips Stocktwits

Key PointsVanEck Uranium and Nuclear ETF offers a higher trailing-12-month dividend yield than iShares Global Clean Energy ETF

Amazon (AMZN) Moomoo

当地时间6月9日，联合国秘书长副发言人法尔汉·哈克在例行记者会上透露，以色列当日已重新开放加沙地带的凯雷姆沙洛姆过境点，但联合国及人道主义伙伴需要开放更多过境点，以满足日益增加的人道主义需求。联合国秘书长古特雷斯也呼吁以色列开放所有过境点。（央视新闻）

格隆汇6月10日｜据以色列媒体：两枚来自黎巴嫩的可疑目标在进入以色列领空之前被拦截。

With referee Omar Artan denied entry to the United States and worries over staff and supporters being turned back, what does this tell us about the World Cup?

Memory and storage stocks are taking it on the chin at midday Tuesday, but the sell-off isn’t hitting every name equally. Micron Technology (NASDAQ:MU) shares are down 6%, and Western Digital (NASDAQ:WDC) stock is off 5%. Yet, SanDisk (NASDAQ:SNDK) shares are holding firm (comparatively speaking) as they trade flat on the session. The backdrop is ... Micron Sinks 6%, Western Digital Falls 5% but SanDisk Holds Steady

Micron Sinks 6%, Western Digital Falls 5% but SanDisk Holds Steady Yahoo Finance

Micron Sinks 6%, Western Digital Falls 5% but SanDisk Holds Steady 24/7 Wall St.

Exit vs. voice The simple model is that, if you don’t like SpaceX, you don’t have to buy it. For whatever reason. If you think that SpaceX is worth $1 trillion, or $780 billion , or zero, and it sells shares in its initial public offering at a $1.78 trillion valuation, you can just not buy any shares. (If the price later drops, you can revisit that decision.) Or if you think that SpaceX’s governance — in which Elon Musk has total control of the company and can’t be sued or second-guessed by shareholders — is oppressive for shareholders, then just don’t buy any shares. Nobody is forcing you to become an oppressed SpaceX shareholder. “No, I’m an index investor, and the index is forcing me to become an oppressed SpaceX shareholder,” you might say, but I have limited sympathy. First of all, the biggest index, the S&P 500, isn’t forcing you to buy SpaceX: After consulting with users, S&P decided to exclude SpaceX for at least a year and possibly much longer. Second, while other indexes have jumped to add SpaceX early , they also consulted with their users; the S&P experience suggests that if index investors really didn’t want SpaceX, they could have said no. And most crucially, if you are a passive investor, you are a passive investor. If you have strong feelings about valuation, or even governance, maybe you should be an active investor? Indexing is buying all the companies. Figuring out which companies are good and buying them is active investing. If you want to go around telling people that SpaceX is bad and that they shouldn’t buy it either, that’s your prerogative. But your main defense against SpaceX’s governance and valuation is not to buy the stock. I feel like there is another model? I am not sure that anyone quite puts it in words, but I think it goes something like this: Public companies are owned by public shareholders. Big institutional public shareholders — and particularly widely diversified indexed or quasi-indexed public shareholders — have a sort of ste...

格隆汇6月10日｜市场消息：据紧急情况部报告，俄罗斯达吉斯坦的一条主输气管道发生了三次爆炸。

Tesla Wins Denmark Green Light For FSD Expansion — But TSLA Stock Slips Yahoo Finance

The Danish Road Traffic Authority (Færdselsstyrelsen) has cleared the advanced driver-assistance system for use on public roads.

Dan Ives, Global Head of Technology Research at Wedbush Securities, says that the SpaceX IPO expected later this week will be a "watershed" moment for markets. SpaceX, which is officially known as Space Exploration Technologies Corp., is preparing for an IPO that would value the company at about $1.8 trillion. Anthropic raised funds at a $965 billion valuation last month. (Source: Bloomberg)

Claude Fable 5 is a version of Anthropic's Claude Mythos, an AI program which caused a stir among technology, finance, and government leaders

Thomas Barwick/DigitalVision via Getty Images Thesis When I work on these types of research papers, sometimes there's a specific investment thesis that is simultaneously easy to get my head around and really hard to act on. Titan Machinery Inc. ( TITN ) is a good example right now. I switched to a downgrade on the stock nearly two years back, eventually landing on a Hold rating . Since then, TITN had traded sideways but eventually managed to pick up momentum and gained almost 48%, handily outpacing the broader market ( SP500 ). At first glance, that could be vindication, but it's rarely that simple. All in, Titan Machinery has done almost everything management can control. Is that enough, though, when farmer demand remains entirely out of their hands? Titan Machinery's Road to Recovery Seeking Alpha Titan operates a large network of agriculture and construction equipment dealers in North America. Its primary sales include the brands of CNH Industrial ( CNH ), such as Case IH and New Holland, in the regions of the United States, Europe, and Australia. So, essentially, Titan’s business is fairly connected to the well-being of farmers. Presently, farmers are in a downturn. The USDA forecasts net farm income to decline in 2026. Supplies of grain still remain heavy, prices of commodities are weak, and input costs are still high. It is for this reason that many farmers are deferring the purchase of big equipment. Titan did not create this problem. It is just taking the hit. Total revenue : $522.4M vs. $594.3M Agriculture revenue: $344.2M vs. $384.4M Agriculture same-store sales: -8.2% Europe revenue: $60.4M vs. $93.9M Australia revenue: $50.3M vs. $44.0M Australia local-currency revenue growth: +2.8% Europe FX benefit: $4.2M Australia FX benefit: $5.1M. I think that what makes the fiscal first quarter interesting is that the company's operating story and its financial results are telling slightly different things. Sales revenue was lower in nearly all segments. Agricultur...

The decision followed a safeguarding investigation opened by the the Football Association.

Key PointsFIGS targets a specialized niche within healthcare by selling premium, technically advanced medical apparel directly to professionals.

Wirestock/iStock Editorial via Getty Images By Khaveen Jey, CFA, FMVA, Portfolio Manager @ Khaveen Investments & Nicholas Tan, Investment Research Analyst @ Khaveen Investments. In our previous analysis of Cisco ( CSCO ), we believed that Cisco could achieve management’s targets and that single-digit growth targets could be reached. We also expected its growth outlook to be robust, with Security and Observability being the core revenue growth drivers. We also believe its focus on enterprise would support Networking growth and that Services could also continue growing. We cover Cisco again, as in February 2026, Cisco's stock price broke past its $82.00 peak set in March 2000, which stood for nearly 26 years. Due to the large time gap and the higher stock price set, we thus analyze whether Cisco's stock price is now more justified than in 2000. We first assess whether Cisco's current business model is stronger than before. We then analyze whether Cisco has more competitiveness now than before. We lastly evaluate whether its valuation is more justified currently. Current Business Model More Robust Business Segments Company Data, Khaveen Investments We first compile the 10-year revenue product breakdown for pre-2000 Cisco and current Cisco to analyze the change in revenue breakdown. Cisco’s routers and switches, as a proportion of revenue, are less concentrated than before. The current Cisco breakdown also now includes new segments such as Collaboration (8.8%), Security (7.5%), and Observability (1.3%). One reason could be Cisco’s focus on using acquisitions to grow these 3 segments. According to Cisco’s website , they have completed 186 acquisitions between 2000 and 2025, which are used to boost its Collaboration (45 acquisitions or 24.2% of acquisitions), Security (46 acquisitions or 24.7% of acquisitions), and Observability’s revenue (26 acquisitions, 14.0% of acquisitions). Services also now account for 25.8%, which is much larger than Others. For context, Service w...

Gargolas/iStock via Getty Images Sempra ( SRE ) up 1.9% in Tuesday's trading after its San Diego Gas & Electric subsidiary, Qualcomm Technologies ( QCOM ) and UC San Diego's Scripps Institution of Oceanography announced a collaboration that aims to bring artificial intelligence directly to the front lines of wildfire and extreme-weather response. While the initial deployment is in San Diego, California, the Edge Alert Sentinel collaboration is intended to demonstrate how edge-based AI can support grid reliability, emergency preparedness and climate resilience, the groups said. Edge Alert Sentinel is designed to integrate environmental sensors, edge AI computing and atmospheric science to generate near-instant insights where conditions are unfolding — not minutes later in distant data centers. The first system will be installed on Mount Palomar, where it will begin analyzing wind, weather and environmental data to provide earlier visibility into conditions that influence wildfire behavior and extreme weather impacts, the groups said. The technology is anticipated to be up and running in late August or September. More on Sempra Sempra: Oncor's 127 GW Pipeline Could Redefine Its Earnings Power Sempra: Solid Utility Growth Story At A Fair Price (Rating Downgrade) Sempra Q1 2026 Earnings Call Presentation