Markets set for a mixed open as OpenAI trial looms and GM benefits from tariff relief
TL;DR Summary
Futures point to a mixed open as AI names slide after OpenAI missed targets ahead of the Musk–Altman trial; investors also weigh Iran’s Strait of Hormuz talks, GM’s tariff refund boosting 2026 guidance, and growing interest in crypto perpetual futures, plus a Spotify–Peloton partnership (Spotify shares fell after earnings). Billionaire Ray Dalio warns the U.S. economy faces stagflation and cautions against rate cuts.
- Musk and Altman go to trial, GM earnings, Spotify's fitness push and more in Morning Squawk CNBC
- Et Tu, Brute? What Elon Musk’s Clash With Sam Altman Is Really About. The New York Times
- 'People don't like him': Jury selection reveals strong opinions in Musk–Altman AI case NBC News
- Elon Musk trial against Sam Altman to reveal OpenAI power struggle, jury is seated Reuters
- The unflattering secrets revealed so far in Elon Musk’s latest legal feud The Washington Post
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