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Federal judges block Trump's 10% tariff on most U.S. imports, citing legal issues.

Market News
07 May 2026
NYTimes
View Source
Neutral
pluang ai news

A federal court panel has blocked President Trump from imposing a 10 percent tariff on most U.S. imports, ruling that he wrongly used an old trade law to apply these duties. This decision follows a recent Supreme Court rejection of similar tariffs, marking another legal defeat for the administration's trade policies. The ruling limits the President's ability to unilaterally impose tariffs without Congressional approval, impacting ongoing trade tensions and policy strategies. The situation is still developing, with further updates expected.

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Eikon Therapeutics reports promising Phase 2 NSCLC and Phase 1/2 solid tumor trial data at ASCO 2026

Eikon Therapeutics reports promising Phase 2 NSCLC and Phase 1/2 solid tumor trial data at ASCO 2026

Eikon Therapeutics presented updated clinical data at the 2026 ASCO meeting showing encouraging results for its EIK1001 drug in first-line treatment of stage 4 non-small cell lung cancer (NSCLC), with a 63.1% response rate and good tolerability. The ...

Company Fundamentals
Bullish
2 hours ago
Bitcoin mining difficulty rises 1.72% as hashrate surpasses 1 ZH/s, signaling industry shift beyond mining.

Bitcoin mining difficulty rises 1.72% as hashrate surpasses 1 ZH/s, signaling industry shift beyond mining.

Bitcoin's mining difficulty increased by 1.72% to nearly 139 trillion at block height 951552, while the network's hashrate surpassed 1 zettahash per second (ZH/s), reaching 1.02 ZH/s. Despite a 13.56% drop in hashprice squeezing miner profits, miners...

Market News
Neutral
4 hours ago
Solana holds $82 amid $1B ETF inflows but faces downside risks toward $75 from volatility and macro factors.

Solana holds $82 amid $1B ETF inflows but faces downside risks toward $75 from volatility and macro factors.

Solana (SOL) trades near $82 despite over $1 billion in cumulative inflows into spot ETFs, signaling strong institutional demand. However, technical resistance around $83 and $88-$90, combined with elevated volatility and macroeconomic uncertainties,...

Market News
Neutral
4 hours ago
Bitcoin's current dip differs from 2022 bear market as long-term holders keep buying despite challenges.

Bitcoin's current dip differs from 2022 bear market as long-term holders keep buying despite challenges.

Bitcoin has dropped over 16% this quarter but remains up 7%, contrasting with a 56% drop in Q2 2022. Analysts note that many underwater holdings come from investors in U.S. Spot Bitcoin ETFs at high cost bases, and long-term holders are accumulating ...

Market News
Neutral
4 hours ago
XRP price lags despite ETF inflows and rising institutional interest, down 26% YTD.

XRP price lags despite ETF inflows and rising institutional interest, down 26% YTD.

XRP is struggling to recover its price despite positive catalysts like spot ETF inflows and easing U.S. regulatory issues. The token trades around $1.34, down 26% year-to-date and 63% below its peak last year. Institutional demand is growing, with fi...

Market News
Neutral
5 hours ago
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