Diamonds and Dogs

5/12/25

The markets jump on temporary trade tariff cuts and delays with China over the weekend. The biggest beneficiaries are the semiconductors, up 6% as a sector. Micron (MU) is jumping 7% while Nvidia is up 5%.

Cigna (CI) is down 5% as the White House confirms actions to put American patients first by lowering drug prices and stopping foreign free-riding on American pharmaceutical innovation. Wall Street is assuming the middlemen like Cigna will have to bear the price cuts to consumers if it goes through.

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