PRODUCT OF THE YEAR Why Nvidia's Blackwell chip is leading the AI revolution Taiwan - Delayed Quote • TWD WPG Holdings Limited (3702.TW) Follow Compare 68.60 +0.10 (+0.15%) At close: 1:30:26 PM GMT+8 Related News Fed rate decision, Dow pressured, Nissan-Honda: 3 Things US stock futures (ES=F, NQ=F, YM=F) inch higher Wednesday morning in anticipation of the Federal Reserve's interest rate decision this afternoon. Wall Street currently anticipates the central bank to cut by 25 basis points. After closing lower for the ninth straight session on Tuesday, the Dow Jones Industrial Average (^DJI) is seeing its longest streak of losses since February 1978, weighed down by UnitedHealth Group (UNH), Nvidia (NVDA), and Sherwin-Williams (SHW). Japanese automakers Nissan (NSANY, 7201.T) and Honda (HMC, 7267.T) confirmed reports that they are currently in talks for a possible merger. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. Trump weighs eliminating EV tax credit. What it means for the auto industry. According to a new Reuters report, President-elect Donald Trump is expected to eliminate the electric vehicle (EV) tax credit. His administration is also considering rolling back investments in EV infrastructure, including charging stations and battery development. AutoGuide Editorial Director Greg Migliore joins Wealth! to analyze these potential changes. Migliore suggests that eliminating the EV tax credit could cause EV demand to "take a hit" as increased costs shift to consumers. He predicts this policy change might boost demand for hybrid and traditional gas-powered vehicles. When asked about automakers best positioned to weather these potential changes, Migliore identifies General Motors (GM), Ford (F), Hyundai (HYMTF), Toyota (TM), and Honda (HMC). He points to their diverse vehicle lineups spanning both EVs and conventional gas-powered options across various price points. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith Sam Altman Nuclear Startup Continues Hot 2024 With 12-Gigawatt Data Center Deal Nuclear startup Oklo announced a data center deal Wednesday, propelling nuclear-related stocks higher. Honda Explores Nissan Rescue With Foxconn Also in Hunt for Stake (Bloomberg) -- Honda Motor Co. is in talks to come to the aid of Nissan Motor Co. by potentially forming the world’s third-largest carmaker in order to better withstand escalating challenges for the global auto industry.Most Read from BloombergHow California Sees the World, and ItselfThe two Japanese manufacturers have engaged in merger discussions that appear to have accelerated after Hon Hai Precision Industry Co., the Taiwan-based producer of iPhones known as Foxconn, approached Nissan about ChargePoint Inks Pact With General Motors - Eyes Installing Ultra-fast Charging Ports At Key Locations ChargePoint Holdings, Inc. (NYSE:CHPT) shares are trading higher on Wednesday. ChargePoint and General Motors Company (NYSE:GM) have announced a strategic partnership to accelerate the growth of electric vehicle infrastructure across the U.S. The two companies will work together to install hundreds of ultra-fast charging ports at key locations, aiming to improve access to chargers and reduce charging times for drivers. The collaboration aims to have these locations open and available to the publ These Stocks Are Moving the Most Today: Tesla, Nvidia, Honda, Nissan, Micron, General Mills, Jabil, CommScope, and More Tesla stock falls after closing at another record high, Nvidia shares trade higher, and Honda and Nissan confirm they are exploring a merger or other future collaboration. Micron reports quarterly earnings Wednesday. Nissan-Honda merger would not bring quick fixes, S&P says While the potential deal would result in a $54 billion automotive company, the world's third largest, any benefits for its credit outlook would come with a delay, they wrote in a research note. "We ... believe it will be difficult for them to produce significant effects quickly through expanding the scope of their collaboration to include batteries, software, and autonomous driving," S&P analysts said, but added the eventual impact on their creditworthiness would be significant. A merger would likely have a negative impact Honda's standalone credit outlook, while it should positively affect that of Nissan, they added. Honda and Nissan Are in Merger Talks. Why Trump’s Tariffs Will Drive Auto Consolidation. Honda Motor and Nissan Motor are considering a merger or other partnership Wednesday, according to a report, in a sign the Japanese car makers could be fretting that Donald Trump’s imminent return to the White House might hit their bottom lines. The auto industry heavyweights said in a statement Wednesday that they were “considering various possibilities for future collaboration,” but added that a final decision hadn’t yet been made. The Wall Street Journal reported that the pair had confirmed they were exploring a merger. Corvus Pharma Says Data From Atopic Dermatitis Study Shows Favorable Safety Profile; Shares Fall Pre-Bell Corvus Pharmaceuticals (CRVS) said Wednesday that interim results from a phase 1 trial of its experi Rezolve Ai Announces $49 Million Equity Conversion by Leading Investors Equity conversion strengthens financial position and accelerates global expansion in the $30 trillion retail market.NEW YORK, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Rezolve Ai (NASDAQ: RZLV), a global leader in AI-driven retail innovation, and its leading investors have entered into a series of transactions agreeing to the conversion of $49 million of the outstanding convertible loan note into equity. The debt subject to conversion was issued pursuant to the secured convertible loan note instrument d TCBP Announces General Meeting of Shareholders to Approve One-Time Shareholder Dividend TC BioPharm (Holdings) PLC ("TC BioPharm" or the "Company") (NASDAQ: TCBP) a clinical-stage biotechnology company developing platform allogeneic gamma-delta T cell therapies for cancer and other indications, today announced that its Board of Directors has approved a special dividend to its shareholders of 0.25 American Depositary Shares ("ADSs") for every 1 ADS held by shareholders, pending shareholder approval. The Company intends to hold a general meeting of shareholders ("GM") at 2:00 p.m. (U General Mills Beats On Q2 Earnings, Stock Slumps On Lackluster Outlook General Mills, Inc. (NYSE:GIS) shares are trading lower in the premarket session on Wednesday. The company reported second-quarter adjusted earnings per share of $1.40, beating the street view of $1.22. Quarterly sales of $5.24 billion beat the analyst consensus estimate of $5.14 billion. Quarterly sales were up 2%, driven by higher pound volume, while organic net sales increased 1%. Gross margin was up 250 basis points to 36.9%, driven primarily by Holistic Margin Management cost savings and fa Jabil tops first-quarter estimates on data center infrastructure demand Electronic components maker Jabil beat first-quarter profit and revenue estimates on Wednesday, driven by increased demand for data center infrastructure. Shares of the company were up 10% in premarket trading. Jabil, a key supplier to Apple, makes electronic components, including circuit board assemblies and systems for automotive, cloud services, commercial drones, trucks and buses. Nissan and Mitsubishi stock pop because a Honda mega-merger might be coming Nissan Motor (NSANY) stock is booming as the automaker reportedly prepares to explore a merger with Honda Motor (HMC), which would tie up Japan’s second and third-largest automakers. Jabil Stock Soars After Earnings. A Guidance Boost Powers the Shares Higher. FEATURE Shares of Jabil were trading sharply higher after the supplier of electronic parts easily beat quarterly earnings estimates and raised its financial guidance. For its first fiscal quarter ended Nov. General Mills Lowers Profit Outlook on Price Cuts (Bloomberg) -- Cheerios maker General Mills Inc. lowered its profit outlook for fiscal 2025 in order to invest in price reductions to drive sales.Most Read from BloombergHow California Sees the World, and ItselfThe company now expects adjusted earnings per share to range between a decline of 3% to 1%, compared with a previous range of down 1% to up 1%.The shares fell 6% before the start of regular trading on Wednesday in New York. The stock had risen 1.2% so far this year through Tuesday’s close Toyota Motors: Facing Challenges, but Strong EV Future Ahead Toyota's electrification progress is notable, but short-term challenges remain EXCLUSIVE: Penny Stock TC BioPharm Proposes Special Stock Dividend On Wednesday, TC BioPharm (Holdings) PLC (NASDAQ:TCBP) announced that its Board of Directors approved a special dividend of 0.25 American Depositary Shares for every 1 ADS held by shareholders, pending shareholder approval. The company intends to hold a general meeting of shareholders on Monday, December 30. The dividend is expected to be declared on December 30, 2024, and payable to shareholders who own the company's stock at the close of trading on January 02, 2025. "We are extremely pleased t ChargePoint and General Motors Collaborate to Install Many Hundreds of Electric Vehicle Fast Charging Ports CAMPBELL, Calif., December 18, 2024--Today, ChargePoint (NYSE: CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), and General Motors (GM) today announced plans to further accelerate EV infrastructure growth in the U.S. The companies are joining efforts to install hundreds of ultra-fast charging ports at strategic locations across the U.S., featuring the latest innovations in EV charging to improve access to chargers and help drivers get back on the road faster Jabil: Fiscal Q1 Earnings Snapshot The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.87 per share. The electronics manufacturer posted revenue of $6.99 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $6.6 billion. Performance Overview Trailing total returns as of 12/18/2024, which may include dividends or other distributions. Benchmark is TSEC CAPITALIZATION WEIGHTED ST Return 3702.TW TSEC CAPITALIZATION WEIGHTED ST YTD -12.64% +29.21% 1-Year -11.11% +31.09% 3-Year +61.22% +30.07%