DraftKings Stock Surges After ESPN Partnership
DraftKings stock experienced a significant rise following the announcement of a new partnership with ESPN, replacing Penn Entertainment in a major deal.
Market Overview
- The S&P 500 declined amid concerns over job cuts and economic uncertainty.
- Technology stocks showed weakness, contributing to the overall market downturn.
- Bitcoin edged down slightly to around $102,000 due to cautious investor sentiment.
Tesla Shareholders Approve Musk’s $1 Trillion Pay Package
Elon Musk’s compensation plan, valued at $1 trillion, received shareholder approval, marking a significant moment for the company.
Supreme Court Arguments Impact on Trump Levies
Supreme Court oral arguments are viewed as "negative" for Trump levies, according to Wolfe Research.
Author’s summary: DraftKings stock jumped on ESPN partnership news while broader markets struggled with economic fears and tech weakness; Musk’s Tesla pay plan won approval, and Trump's levies faced headwinds from the Supreme Court.