Good afternoon! A 9-month-old baby named KJ just became the first human to receive a customized CRISPR-based gene-editing treatment and it worked. Born with a rare genetic condition called CPS1 deficiency, KJ had spent most of his life in the hospital until scientists at Penn Medicine and CHOP tailored a gene-editing therapy specifically to correct his disorder.

Researchers edited liver cells to fix the genetic glitch, and after one dose in February, KJ is now "growing well and thriving." While he’s just one patient, doctors say this could be a turning point for rare disease treatment paving the way for personalized therapies where none previously existed.

MARKETS

• Stocks opened lower Monday after Moody’s downgraded the U.S. credit rating, but a pullback in bond yields helped indexes bounce back. By the close, Wall Street had extended its winning streak to six days.

• The House advanced Trump’s tax-and-spending bill despite concerns it could swell the deficit. Still, investors held steady: the Dow rose 0.3%, the S&P 500 added 0.1%, and the Nasdaq edged up 0.02%.

STOCKS
Winners & Losers

What’s up 📈

• Novavax jumped 15.01% after the FDA approved its new Covid-19 vaccine. ($NVAX)

• UnitedHealth Group rebounded 8.21% as bargain hunters scooped up shares after last week’s steep drop. ($UNH)

• TXNM Energy rose 6.98% to an all-time high after Blackstone agreed to acquire the company for $11.5 billion. ($TXNM)

• Regeneron Pharmaceuticals ticked up 0.37% after agreeing to acquire most of 23andMe’s assets for $256 million. ($REGN)

• Nvidia inched up 0.13% after unveiling that its platforms will now support non-Nvidia chips. ($NVDA)

What’s down 📉

• First Solar slid 7.59% as solar stocks dropped on news that clean energy tax credits may end earlier than expected. ($FSLR)

• SunRun dropped 7.84% on the same clean energy tax news. ($RUN)
  AES declined 4.10% alongside broader weakness in the solar sector. ($AES)

• Reddit fell 4.63% after Wells Fargo downgraded the stock, citing expected declines in search traffic due to Google AI. ($RDDT)

• Tesla lost 2.25% after Xiaomi unveiled a new EV SUV, escalating competition in China. ($TSLA)

• Alibaba dipped 0.40% after reports surfaced that the Trump administration is concerned about Apple using Alibaba AI. ($BABA)

• Bath & Body Works slipped 0.56% after announcing CEO Gina Boswell is stepping down, with Daniel Heaf taking the reins. ($BBWI)

• JPMorgan eased 1.00% as uncertainty grows around Jamie Dimon’s exit from the investment division. ($JPM)

AUTONOMY
Tesla’s robotaxi will be invite-only and have drivers who are not in the car

Tesla’s long-promised robotaxi rollout is officially on track… sort of. According to Morgan Stanley’s Adam Jonas, the launch will be small, private, and despite Elon Musk’s earlier hype it’s not really “driverless.”

The pilot program will launch in Austin with just 10–20 vehicles operating on public roads in a geo-fenced area. Access will be invite-only, and here’s the kicker—there will be “plenty of tele-ops” monitoring the rides remotely. In other words, there might not be someone in the car, but there will be someone behind the wheel… just a few miles away in a control room.

From ‘Autonomous’ to ‘Assisted’

Elon Musk had pitched a grand vision: millions of unsupervised Teslas driving themselves across the globe. The actual rollout looks more like a toe dip than a cannonball. Remote operators will be on standby for safety, intervening when the cars get stuck or confused. That’s a far cry from the unsupervised dream Musk teased during earnings calls.

And about that timeline? June was the promise, then July was floated, and now even that’s fuzzy. No official launch date has been set, and there are still regulatory questions lingering—including how Tesla plans to handle reduced visibility conditions on the road.

The Expectations Gap: This isn’t Tesla’s first overpromise-then-pivot move. Remember the Optimus robot, which turned out to be mimicking a human operator instead of moving autonomously? The robotaxi demo seems to be taking a similar route. Analysts note that Waymo and Cruise took years to get from safety drivers to truly driverless rides and they still hit bumps.

Musk claims these Teslas only require human intervention every 10,000 miles, but real-world testers have reported far more frequent takeovers. Still, Tesla stock is bouncing back as investors bet on the buzz of a new product launch.

Bottom line: If you're hoping for a fully self-driving future, you're still in waitlist mode. For now, Tesla's robotaxi is more “remote pilot” than RoboCop.

NEWS
Market Movements

• 📈 UnitedHealth surges after insiders step up with massive buys: Despite DOJ investigations and a CEO departure, UnitedHealth rallied after top execs, including the new CEO, bought millions in company stock. ($UNH)

• 🌤️ Clean energy stocks fall as GOP targets tax credits: First Solar, AES, Enphase, and Tesla slipped after House Republicans proposed accelerating the end of clean energy incentives. ($FSLR, $AES, $ENPH, $TSLA)

• 📉 Klarna doubles losses as IPO plans stall: Klarna reported a $99M Q1 loss tied to one-time costs, even as users hit 100 million and U.S. revenue rose 33%. ($PRIVATE)

• 🚀 Virgin Galactic hikes space ticket prices amid $2B in losses: The space tourism firm plans to raise prices above $600,000 per seat in 2026 as it ramps up its new Delta Class ships. ($SPCE)

• ⚖️ Strategy hit with class-action lawsuit over bitcoin statements: MicroStrategy disclosed a shareholder lawsuit accusing it of misleading investors about its bitcoin strategy but still bought 7,390 more BTC. ($MSTR)

• 🧬 23andMe sells DNA database to Regeneron for $256M: As part of its bankruptcy, 23andMe is selling genetic data from 15 million users to Regeneron, which will continue running the genomics business. ($REGN)

• 📉 Jamie Dimon says markets are too complacent on tariffs: JPMorgan CEO Jamie Dimon warned that investors are underestimating the risks of inflation and stagflation, predicting S&P 500 earnings growth will fall to 0%. ($JPM)

• 📺 Paramount ousts CBS News CEO Wendy McMahon: McMahon resigned amid clashes with Shari Redstone and controversy over CBS’s editorial independence during the ongoing Skydance merger talks. ($PARA)

• 🏠 Mortgage rates cross back over 7% after U.S. credit downgrade: The average 30-year fixed mortgage rate hit 7.04%, the highest since April, following Moody’s downgrade of the U.S. credit rating.

• 🔌 Qualcomm re-enters data center CPU market with Nvidia integrations: Qualcomm is developing custom CPUs for AI workloads that will pair with Nvidia GPUs, targeting surging demand from companies like Meta and Saudi-backed Humain. The move marks Qualcomm’s return to the data center space. ($QCOM)

• 📡 Verizon’s $20B Frontier acquisition gets FCC green light: Verizon won approval to acquire Frontier Communications after agreeing to drop certain DEI commitments. The deal will enable fiber rollout to 25 states and over 1 million homes annually. ($VZ)

AI
Microsoft goes all in on AI agents at annual Build conference

At its Build 2025 developer conference, Microsoft made one thing crystal clear: it’s betting big on agentic AI. CEO Satya Nadella headlined the two-hour keynote in Seattle, joined by guest appearances from OpenAI’s Sam Altman, Nvidia’s Jensen Huang, and Elon Musk.

Despite rumors of a frosty relationship between Nadella and Altman, the OpenAI CEO was front and center to show off Codex, a next-gen coding agent that’s apparently the future of software development. And that was just the start.

Copilots Everywhere (No, Seriously)

Microsoft’s Copilot lineup is starting to look like a Marvel multiverse. There’s Copilot 365 (your new office buddy), Github Copilot (now an “asynchronous coding agent”), Microsoft Copilot (the ChatGPT-style chatbot), Copilot Studio (to build agents), and Copilot Tuning (to customize them). If you're confused, you're not alone.

Meanwhile, Microsoft’s Azure AI platform is adding Grok3 from Elon’s xAI and now supports an AI model dream team from OpenAI to Meta’s llama herd. It’s also adopting Anthropic’s Model Context Protocol to help different AIs speak the same language.

For Science, Chatbots, and… Protestors

Beyond coding, Microsoft unveiled Discovery, an AI tool for researchers to generate hypotheses and speed up the R&D process. There’s also NLWeb, a plug-and-play tool for adding company-specific chatbots to websites.

The keynote wasn’t all smooth sailing: two protestors disrupted the event, one of whom was a Microsoft employee protesting the company’s contracts with the Israeli government. The employee still managed to email thousands of coworkers after being escorted out.

Calendar
On The Horizon

Tomorrow

Tuesday’s economic docket may be bare, but all eyes will be on a heavyweight earnings release that could set the tone for two key sectors. First up: The Home Depot, which finds itself at the intersection of trade tensions and housing trends.

Before Market Open:

• Home Depot is navigating a tricky landscape, tariffs are eating into margins, and consumer spending is starting to look less resilient. Still, Home Depot often benefits when buyers skip new homes and opt to fix up what they’ve got. Investors will be listening closely for signals on demand, pricing pressure, and how much wiggle room remains in the company’s cost structure. ($HD)

NEWS
The Daily Rundown

• 🚢 Mexican Navy tall ship crashes into Brooklyn Bridge, killing two: The Cuauhtémoc lost power shortly after leaving a Manhattan pier and struck the bridge’s underside, killing two crew members and injuring 19. The iconic bridge sustained no damage, and over 270 people had been aboard the vessel. Officials are still investigating the cause.

• 📉 The US loses its final AAA credit rating: Moody’s downgraded the US from AAA to Aa1 after more than a century, citing unsustainable deficits and ballooning interest payments. The US now joins peers S&P and Fitch, which downgraded in 2011 and 2023. Treasury Secretary Scott Bessent dismissed the move, though Moody’s warned the US may soon borrow just to pay interest.

• ⚕️ Former President Biden diagnosed with aggressive prostate cancer: Biden revealed he has a serious, metastatic form of prostate cancer, discovered last week during treatment for urinary symptoms. His team says the cancer is hormone-sensitive and can be managed effectively. He is currently reviewing treatment options.

• 🏛️ Federal Reserve to shrink workforce by 10%: Chair Jerome Powell announced the cut will occur gradually through attrition and early retirement. The goal is to modernize operations and streamline expenses. No layoffs are planned.

• 🏙️ US cities are growing again after pandemic slump: Nearly all of America’s biggest cities saw population growth last year, reversing the Covid-era decline. Immigration and overall population growth contributed, with Texas cities leading the surge. Princeton, a Dallas suburb, topped the list with a 30% increase in one year.

• 🍽️ Trump to dine with top $TRUMP token holders: The top 220 wallets holding Trump’s memecoin scored invites to a private dinner this Thursday. Many of the wallets are tied to anonymous crypto exchanges, so it’s unclear who will show up. The event signals how crypto and politics continue to blur.

• 💼 G7 finance ministers to meet in Canada this week: Treasury Secretary Scott Bessent joins global peers to discuss trade, tariffs, and inflation. The meeting comes amid financial strain and debate over economic decoupling. It’s a key opportunity for alignment before upcoming elections.

• 🥡 Takeout now makes up 75% of US restaurant orders: To-go, delivery, and drive-thru orders dominate restaurant traffic, per the National Restaurant Association. Mobile ordering is especially popular with younger customers. Dining rooms may never fully bounce back to pre-pandemic norms.

• 🚆 NJ Transit strike ends with pay raise agreement: A three-day strike ended after engineers secured wage hikes aligned with regional peers. Service will resume Tuesday after safety checks. Officials say the deal addresses long-standing pay disparities.

• 💥 Palm Springs fertility clinic bombing linked to anti-natalist ideology: A 25-year-old man detonated a car bomb at the clinic, killing himself and injuring four others. Authorities say he opposed procreation and left writings espousing nihilistic views. The act has been labeled terrorism.

• ✈️ Lufthansa flight flew pilotless for 10 minutes: A co-pilot fainted mid-flight from Frankfurt to Seville while alone in the cockpit, leaving the plane unmanned for nearly 10 minutes. Aviation officials are investigating the breach in protocol. The Airbus A321 had 199 passengers aboard.

• 🎤 Austria wins Eurovision 2025 with ‘Wasted Love’: JJ’s operatic ballad earned 436 points, beating out dozens of competitors. It’s Austria’s third Eurovision victory. The classically trained countertenor was a fan favorite throughout the contest.

REFERRAL
Share Investinq 🤝 Acquire Swag

If you love reading our newsletter, don’t be selfish — share it. Odds are your favorite finance bro, trader, investor, or stock market fanatic will too.

Don’t keep all the market news to yourself — share the love using the unique link below.

We deliver you all the news for free every single day (go on… help us out ;)

And here’s the kicker: every referral you make gets you entered into a raffle to win some awesome prizes listed below. Just share the link below and you’ll be entered once they sign up.

RESOURCES
The Federal Reserve Resource

Join our small yet growing subreddit 🚀: https://www.reddit.com/r/investinq/

Wall Street Reads 💎 (Best Books):

• Stock Market Books📚
  https://drive.google.com/file/d/1NQ-vdLE1afXFcc5PwDRp1d5VSHzDly88/view?usp=sharing

• Options Trading Books📗 https://drive.google.com/file/d/1xeYL3IpjT623CJpO_Ole1Z-GuzHQQJzg/view?usp=sharing

• Business Books 📖https://drive.google.com/file/d/1VfuTqhPVB2YjDOd0N56UhF6kmZU-kLci/view?usp=sharing

Check out our latest issues 🎯: https://investinq.beehiiv.com