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Tesla leads losses in the stock market for the second day in a row
Tesla leads losses in the stock market for the second day in a row

Share link:In this post: Tesla stock dropped 6.9% on Monday, losing over $68 billion in market value. Elon Musk announced plans to form a new political party called the “America Party.” Trump imposed new tariffs on 14 countries, worsening investor anxiety across markets.

Cryptopolitan·2025/07/08 01:30
Flash
17:27
Scilex Holding Company (“Scilex”) announced that its board of directors has approved the distribution of Semnur Pharmaceuticals, Inc. common stock as dividends to holders of Scilex common stock and other eligible securities.
```htmlThe record date for the dividend has been set for June 1, 2026. This resolution marks a key advancement in the company’s capital allocation strategy. By distributing shares of Semnur Pharmaceuticals, Scilex aims to directly reward its shareholders, while potentially strengthening the strategic ties between the two entities. The range of holders eligible for this stock dividend includes holders of Scilex common shares and other designated equity securities.The company is expected to provide further detailed operational information closer to the distribution date. Shareholders should pay attention to upcoming announcements for important details regarding the ex-dividend date, distribution ratio, and specific procedures. This action reflects the Scilex board’s commitment to enhancing shareholder value and exploring innovative ways of delivering returns.```
17:20
The Federal Reserve accepted 965 million dollars in reverse repurchase operations
The Federal Reserve accepted 965 million US dollars from 5 counterparties in its fixed-rate reverse repurchase operations.
17:12
Takeaway empire showdown! Uber is considering a full acquisition of its European rival Delivery Hero
Uber had previously quietly increased its stake in Delivery Hero and is now working closely with its investment advisory team to explore ways of further expanding its holdings. At the same time, Uber has already reached out to other core institutional shareholders of Delivery Hero to gauge their attitudes towards this potential transaction. (Bloomberg)
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