Rami Tabello

[Evan @StockMKTNewz]

There are a lot of major CEOs in this video 👀

[*Walter Bloomberg @DeItaone]

TRUMP: I WILL DEPLOY ICE AGENTS TO AIRPORTS ON MONDAY IF DEMOCRATS DON'T AGREE TO FUND DHS

[*Walter Bloomberg @DeItaone]

AI SELLOFF GAINING MOMENTUM, BARCLAYS WARNS

Barclays says the AI-driven market selloff could continue, with investors in a “sell first, think later” mode.

Analyst Emmanuel Cau notes markets are still broadly resilient, but fears of AI disruption are driving sharp sector dispersion. Traditional labels like cyclicals vs. defensives matter less; stocks are now grouped by perceived “AI immunity” or vulnerability.

Commodities, industrials, healthcare, and consumer goods are seen as relatively AI-safe. Media, software, financial services, logistics, commercial real estate, and parts of tech are viewed as exposed — with selling increasingly indiscriminate despite steady earnings momentum.

Barclays warns the pressure is spilling into credit markets and weighing on banks. Near term, momentum may be hard to stop, though the bank sees longer-term opportunities emerging.

[BioPharmCatalyst @BPharmCatalyst]

$OTLK shares closed down following news that the company received a complete response letter from the FDA rejecting its resubmitted BLA for ONS-5010 (bevacizumab-vikg) for wet AMD, citing insufficient confirmatory efficacy evidence despite one adequate pivotal trial; the FDA did not specify what additional data would be acceptable, delaying potential approval of the first on-label intravitreal bevacizumab in the U.S.

$OTLK $RLMD $TOVX $INBS $SLS $OMER $BFRI $GOVX $KZIA $VOR

See More Biotech Updates👇

https://t.co/eQO8Hd84Gr

[The Kobeissi Letter @KobeissiLetter]

Non-AI corporate distress is rising in the US:

There have now been 9 Chapter 7 bankruptcy filings for companies with $100+ million in liabilities this year, the 4th-highest reading in history.

This follows 13 and 11 large bankruptcies in 2023 and 2024.

By comparison, the 2009–2010 period saw 18 such filings over the 2 years combined.

Chapter 7 bankruptcies represent immediate liquidation with no reorganization, a far worse outcome than the typical Chapter 11 restructuring.

Companies turn to Chapter 7 only when they cannot secure financing to survive a reorganization, a situation seen in just ~5% of large bankruptcies.

Recent cases include subprime auto lender Tricolor and tech-enabled hotel chain Sonder.

US bankruptcy pressures are picking up.

[FinancialJuice @financialjuice]

New York Fed President John Williams convened meeting with banks regarding key lending facility - FT