Gold prices, BioNTech to acquire CureVac, Tapestry upgrade
Yahoo Finance host Josh Lipton tracks today's top moving stocks and biggest market stories in this Market Minute, including gold prices (GC=F) moving up on President Trump's latest trade tariff plans, BioNTech's (BNTX) acquisition of German rival CureVac (CVAC), and TD Cowen's upgrade on Tapestry (TPR).
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Yahoo
19 minutes ago
- Yahoo
Fabrizio Romano Confirms Florian Wirtz to Liverpool is ‘100% Done'
Liverpool Beat Rivals to Sign Florian Wirtz in Stunning Transfer Coup Liverpool have pulled off a sensational coup in the transfer market, with the signing of Florian Wirtz now '100% done,' according to transfer expert Fabrizio Romano. The Bayer Leverkusen star, widely regarded as one of the brightest attacking midfielders in Europe, has chosen Anfield as his next destination, turning down strong interest from Bayern Munich, Real Madrid and Manchester City. Advertisement Romano confirmed on Tuesday that 'Liverpool verbally agree deal in principle with Bayer Leverkusen for package reaching €150m add-ons included,' adding that the 'player side already agreed two weeks ago with move now imminent' and that 'Wirtz set for medical and contract signing.' The 22-year-old German international, currently on holiday, is expected to complete his move following a medical once the transfer window reopens on 16 June. This delay is due to FIFA Club World Cup regulations. Behind the Deal: Slot's Role and Player Decision This wasn't a transfer engineered overnight. Initial speculation linked Wirtz with Manchester City, especially after he was spotted in England with his parents, who also serve as his representatives. However, those assumptions were quickly flipped on their head. German reports suggested that the Wirtz entourage travelled not to Manchester, but to Merseyside. Advertisement Arne Slot, fresh off a Premier League-winning debut campaign, is believed to have played a pivotal role in securing the player's decision. During his UK visit, Wirtz reportedly held a direct conversation with the Liverpool manager. That meeting appears to have been decisive. The report explains that 'a conversation with the Liverpool boss convinced him to choose a move to Anfield over going to Bayern Munich.' Slot's project, vision and playing style are said to have swayed the attacking midfielder, who has long been touted as the spiritual successor to Mesut Özil in the German national team setup. Photo: IMAGO Mixed Reports but Deal Remains on Track Despite Romano's strong declarations, some sources remain slightly more cautious. A contradictory update came from another senior journalist, who stated there was 'no agreement yet' between the clubs. However, even that statement confirmed that Liverpool and Leverkusen were in the 'final stages' of negotiations. Advertisement Romano doubled down on his position, clarifying that 'I told you two days ago (Tuesday) that the agreement is done. I can confirm that the agreement is done. You can consider Wirtz as a Liverpool player.' The delay in any official confirmation is, according to Romano, entirely due to Wirtz being on holiday. Once he returns, the medical and contract signing are set to follow swiftly. Photo: IMAGO Strategic Timing Ahead of Window Opening With the summer transfer window closed until 16 June, Liverpool and Bayer Leverkusen have time to finalise the structure of the deal, which is said to be complex due to the size of the package involved. Advertisement This breathing room could prove beneficial, as clubs look to iron out technicalities and payment schedules before the move is rubber-stamped. The final valuation, reportedly reaching €150 million including add-ons, represents a record-breaking commitment from Liverpool. But if Wirtz can translate his Bundesliga brilliance to the Premier League, it may well be a bargain in the long run. Our View – Anfield Index Analysis This is seismic. The sort of signing Liverpool fans used to dream about but rarely saw happen unless a star was being sold. To beat Bayern, Real Madrid and Man City to Florian Wirtz speaks volumes not just about Liverpool's pulling power, but also about the Slot effect. Arne Slot hasn't just won the league, he's clearly winning hearts and minds off the pitch too. Advertisement Wirtz is a generational talent. His ability to glide past players, his intelligence between the lines and his fearless creativity are exactly what this team needs to evolve again. While fans are rightly still emotional after the Klopp era, Slot seems to be building something both sustainable and exciting. There's a buzz growing. The thought of Wirtz linking up with Salah, Szoboszlai and Diaz in a fluid front four will have fans counting down the days until pre-season. The fee might be huge, but so was the statement. This is not a rebuild, it's a reload. Credit to Fabrizio Romano for staying consistent on this story. His updates have been the most confident throughout and, once again, he appears to have been proven right.
Yahoo
22 minutes ago
- Yahoo
Foxconn Ships 97% of India-Made iPhones to U.S.
Apple's (NASDAQ:AAPL) efforts to sidestep steep U.S. tariffs on China-made handsets are crystalizing in India, where Foxconn shipped roughly 97% of its $3.2 billion in iPhone exports to the U.S. between March and Mayup from a 50.3% U.S. share in 2024. May alone saw about $1 billion of India-made iPhones land stateside, the second-largest monthly tally after March's $1.3 billion, according to customs data. In the first five months of 2025, Foxconn has sent $4.4 billion worth of devices from India to Americaalready surpassing the full-year 2024 total of $3.7 billion. Apple CEO Tim Cook told investors that most iPhones sold in the June quarter in the U.S. would be built in India, part of a broader push to diversify manufacturing beyond China. Foxconn's plants and Tata Electronics' three South India facilitieswhere 86% of their March-April output also went to the central to that strategy. Apple has even lobbied Chennai airport officials to cut customs clearance times from 30 hours to six, smoothing the export pipeline. While India faces its own tariff negotiationsa baseline 10% import duty and a paused 26% surcharge proposed by the Trump administrationApple's shift underscores how global supply chains are realigning around tariff arbitrage. In parallel, former President Trump has threatened 25% levies on iPhones not made in the U.S. and floated 55% duties on Chinese goods, highlighting the political stakes. Why It Matters: With India becoming a primary export hub for U.S. iPhone sales, Apple could trim tariff drag and fortify its supply resiliencebut must navigate evolving duties and geopolitical headwinds. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24 minutes ago
- Yahoo
Defense stocks trade higher after Israel airstrikes in Iran raise Middle East tensions
Defense stocks climbed early Friday after Israel launched a series of airstrikes on Iran, raising tensions in the Middle East and heightening fears of a broader regional conflict. Lockheed Martin (LMT) stock gained as much as 3% early Friday, while shares of Northrop Grumman (NOC) and RTX (RTX) rose closer to 2%. The three companies supply weapons to Israel through their contracts with the US government. US stocks were lower at the open, with the S&P 500 and Nasdaq off about 0.7% while the Dow fell 1.1%. Overnight futures fell nearly 2% in immediate reaction to Israel's airstrikes, which were first reported near 8:00 p.m. ET on Thursday. Oil prices were the biggest mover on Friday, rising as much as 8%. Defense stocks have been on the rise over the past year, with Friday's gains bringing RTX stock's gain to north of 35% over the past year, while Northrop Grumman is up 19.5%. Lockheed Martin has risen a more modest 3.9% over that time frame. Palantir (PLTR), a defense contractor that has benefited both from the bid in defense names and its role in the AI boom, traded flat Friday morning. Its stock has soared more than 480% over the last year and is the best performer in the S&P 500 year-to-date. RTX has outperformed Wall Street's expectations since the fourth quarter of 2022. Lockheed Martin and Northrop Grumman have beat analysts' projections in seven and six of those nine quarters, respectively. The Trump administration has promised a $1 trillion budget for US defense but its fiscal 2026 budget looks set to fall short of that goal. On Thursday night, Israel launched what it called a "preemptive strike" against Iran targeting its nuclear facilities. The attacks continued into Friday, killing 78 people in Tehran including Iran's top military leadership. Iran's foreign minister described the attacks as a 'declaration of war' and its supreme leader Ayatollah Ali Khamenei said Israel 'should expect severe punishment.' US President Trump urged Iran to 'make a deal' in a post on Truth Social Friday. 'There has already been great death and destruction, but there is still time to make this slaughter, with the next already planned attacks being even more brutal, come to an end,' he wrote. 'Iran must make a deal, before there is nothing left, and save what was once known as the Iranian Empire. No more death, no more destruction, JUST DO IT, BEFORE IT IS TOO LATE.' Laura Bratton is a reporter for Yahoo Finance. Follow her on Bluesky @ Email her at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
