Wall St Engine
TRUMP: “I can’t predict if we’ll get along with China,” but confirms there’s a big meeting set for Saturday in Switzerland.
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Wall St Engine
Trump’s teased “very big announcement” looks to be a Medicare drug pricing overhaul. Per Politico, he's planning to revive the "most favored nation" model—tying U.S. drug costs to lower international prices. Could be a major swing at Big Pharma ahead of Monday’s reveal. https://t.co/rwXwV8uVTA
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Dimitry Nakhla | Babylon Capital®
MercadoLibre $MELI Reports a Strong Q1 🎯

Rev: $5.93B vs $5.52B (est) | +37% YoY

EPS: $9.74 vs $8.27 (est) | +44% YoY
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🏷️ GMV: $13.3B | +17% YoY
🧾 Items Sold: 492.2M | +28% YoY
💸 Total TPV: $58.3B | +43% YoY
📲 Fintech MAU: 64.3M | +31% YoY https://t.co/kNTMzECQOj
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Wall St Engine
RT @wallstengine: Happy FOMC Day to those who celebrate!

The Fed’s widely expected to stay put at 2PM ET, and they'll probably do their best not to stir up any headlines during the 2:30PM press conference. https://t.co/Bmkq4DUJoK
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BRAZIL RAISES BENCHMARK LENDING RATE 50 BASIS POINTS TO 14.75%
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Trump announces Dr. Casey Means will be nominated as the next U.S. Surgeon General.
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$UBER CEO says Waymo is “definitely the leader” in the autonomous race—sharing that 100 Waymo vehicles in Austin are completing more trips per day than 99% of human drivers. Plans are in motion to scale to hundreds of cars in Austin before launching in Atlanta later this year. https://t.co/21ToCPblXL
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Wall St Engine
U.S. March consumer credit rose $10.2B, a bit above the $9.4B expected—the biggest monthly gain in 3 months. Still, with Jan and Feb, Q1 was the weakest quarter for borrowing in a year. Revolving credit (mainly credit cards) was up just $1.9B, while non-revolving rose $8.3B. https://t.co/1CnnwJBwmE
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Wall St Engine
BofA says companies are still guiding capex above expectations more than twice as often as they’re guiding below—2.3x over the last 3 months vs a 1.4x historical avg. April is tracking near normal. Mentions of project delays are rising, but still far from COVID levels. https://t.co/Ymmd6kr2aH
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Wall St Engine
S&P 500 companies pulled in $1.2 trillion in revenue from China last year—4x more than the U.S. goods trade deficit of $295B. https://t.co/7X7ODxPCGJ
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