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- Biotech Firm Secures FDA Exclusivity, Stock Soars 90%
Biotech Firm Secures FDA Exclusivity, Stock Soars 90%
Adam Garcia
June 06, 2025
Good Afternoon!
Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today.
Midyear Market Map (Sponsored)
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Markets
U.S. benchmark indices rose over 1% on Friday, ending the week on a positive note amid a stronger-than-expected jobs report and hopes of a trade deal with China.
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Market-Moving News
Electric Vehicles
Tesla’s $380B Wipeout Marks Largest Market Loss of 2025
Tesla (NASDAQ: TSLA) has lost nearly 30% of its market value this year, marking the steepest drop among the world’s largest public companies. The slide comes amid waning demand for electric vehicles, growing competition, and rising political distractions surrounding CEO Elon Musk.
Recent tensions escalated after former President Donald Trump threatened to block federal contracts for Musk’s companies. The feud, triggered by Musk’s criticism of the Biden-era tax package on X, added fresh pressure to a stock already underperforming its peers.
Despite a modest uptick in Friday trading, Tesla has dropped from eighth to tenth in global market cap rankings, now valued at around $917 billion. For investors, the concern isn’t just political noise. Musk’s increasing visibility in controversial spaces is starting to overlap with Tesla’s brand, raising questions about risk.
Meanwhile, the company’s core EV business is facing slower demand growth, particularly in the U.S. and China, as newer rivals enter the field and price wars weigh on margins.
Apple and Microsoft have also seen market shifts, but Tesla’s decline is far sharper. Even if the White House attempts to calm tensions with Musk behind closed doors, the broader investor worry remains: can Tesla stay focused on execution while its CEO pulls headlines elsewhere?
Smart Money Moves (Sponsored)
Trump’s recent crypto announcement just triggered a major market shift—right as Bitcoin and ETFs hit fresh highs.
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Retail
Walmart Taps 150,000 Drone Deliveries to Scale Faster Fulfillment
Walmart (NYSE: WMT) is expanding its drone delivery network to more cities, adding 100 stores across Atlanta, Charlotte, Houston, Orlando, and Tampa over the next year. This marks the company’s latest move to speed up last-mile fulfillment and compete more directly with Amazon’s same-day delivery ambitions.
The new rollout will bring Walmart’s drone coverage to five U.S. states, operated through partners like Wing and Zipline. The drones can deliver within a six-mile radius and complete orders in under 30 minutes. Popular items include eggs, pet food, cold medicine, and even ice cream products that customers often want fast.
For investors, this signals a serious push into scalable, tech-enabled logistics. While Amazon’s drone ambitions have stalled due to technical delays, Walmart appears to be learning from early setbacks.
Instead of going nationwide overnight, it is testing regional pilots, refining operations, and integrating drone options directly into the Walmart app. This approach could give the company a long-term edge in urban and suburban delivery.
More importantly, over half of Walmart’s in-store inventory is compatible with drones. That means the upside for automation remains wide open, especially as delivery costs continue to rise across the industry. Investors watching Walmart’s long-term e-commerce strategy should view this expansion as more than hype. It’s a foundational step toward future-proofing delivery infrastructure while tapping into new revenue streams.
Walmart has completed more than 150,000 drone deliveries since 2021. Although still a small share of total orders, this indicates that customer interest is growing, and Walmart is responding accordingly.
Altcoin Predictions (Sponsored)
Bitcoin is booming. ETFs are breaking records.
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Apparel
Lululemon Hit by Tariffs and Shaky Demand as Core Customers Slip Away
Lululemon (NASDAQ: LULU) warned that new U.S. tariffs and uneven demand in key regions will weigh on profits this year. The company said higher costs from sourcing hubs in Vietnam, Cambodia, and Sri Lanka are now threatening its 2025 margin outlook, forcing a mix of small price hikes and heavier discounting through year-end.
Executives said demand has become softer in both North America and China, despite efforts to refresh its lineup of sports bras and jackets. To offset the strain, Lululemon will increase prices on select products but expects to rely more on promotional pricing to maintain volume.
The real concern for investors goes beyond tariffs. Lululemon is facing a misalignment between its product strategy and consumer sentiment. U.S. shoppers are spending more cautiously, and lower-cost competitors are pulling attention away from its premium offerings.
Instead of doubling down on retention or value, management is leaning further into international expansion and new style moves that may not resolve the near-term slowdown in core markets.
Several brokerages downgraded the stock following the warning, citing weak traffic trends and strategic drift. The company’s North American base, once a strength, now appears fragile in the face of economic uncertainty and brand fatigue.
Tariffs may be the short-term headline, but Lululemon’s broader challenge is regaining customer loyalty in a changing retail climate. Long-term investors will be watching to see whether the company recalibrates or risks further erosion of its market share.
Top Winners and Losers
Phathom Pharmaceuticals Inc [PHAT] $8.93 (+90.41%)
Phathom Pharmaceuticals soared after the FDA extended exclusivity for its drug Voquezna to 10 years, protecting it from generic competition.
Diginex Limited [DGNX] $63.00 (+48.24%)
Diginex jumped after announcing a $2 billion acquisition of Resulticks, boosting its AI and data management capabilities.
Circle Internet Group Inc [CRCL] $107.53 (+29.80%)
Circle made a strong IPO debut. The USDC issuer is up over 200% since its initial price of $31, driven by crypto momentum and stablecoin demand.
Vera Therapeutics Inc [VERA] $22.70 (-25.89%)
Vera plunged after rival Otsuka released stronger Phase 3 results for its IgAN drug, overshadowing Vera’s own treatment data.
Lululemon Athletica [LULU] $265.27 (-19.80%)
Lululemon lost a fifth of its value after lowering its full-year earnings forecast and warning of macroeconomic headwinds and tariff pressures.
DocuSign Inc [DOCU] $75.28 (-18.97%)
DocuSign's stock sank after the company cut its full-year billings guidance, despite beating revenue and earnings estimates for the first quarter.
Crypto Insider Intel (Sponsored)
Trump’s recent crypto announcement just triggered a major market shift—right as Bitcoin and ETFs hit fresh highs.
Institutional money is pouring in, but some of the smartest minds in crypto are looking beyond Bitcoin.
Now, 27 top insiders—co-creators of Tether, Solana, and THORChain—are revealing what comes next.
From hidden altcoin plays to major predictions, this is rare access to crypto’s elite.
Everything Else
China grants rare earth licenses to suppliers of top U.S. automakers, easing pressure on electric vehicle (EV) supply chains.
Gemini confidentially files for U.S. IPO, signaling crypto's push into public markets.
McDonald’s stumbles out of the gate as its first permanent menu addition in four years underwhelms early customers.
The multi-billion-dollar AI campus deal between the U.S. and UAE remains far from finalized, as national security concerns stall progress.
Procter & Gamble plans to cut 7,000 jobs as part of a broader restructuring tied to tariffs and changing consumer demand.
Amazon to test AI-powered humanoid robots for package deliveries, aiming to automate last-mile logistics with Rivian electric vans.
That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback!
Thanks for reading. I'll see you at the next open!
Best Regards,
— Adam G.
Elite Trade Club
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