Amy Morris

Mayor Zoran Mamdani.

Bloomberg meteorologist Rob Carolin says this is a classic nor'easter.

Bloomberg meteorologist Rob Carolin.

The Supreme Court's decision to toss President Trump's reciprocal tariffs is creating more confusion with global trade deals.

Chairman of the House Ways and Means Committee Jason Smith tells Bloomberg Americans should not expect any tariff refunds.

And now the European Union is poised to freeze the ratification process of its agreement with Washington.

Bloomberg Intelligence Senior Analyst Nathan Dean.

But lingering tariff uncertainty is affecting risk appetites.

We do check markets for you all day long here at Bloomberg.

The S&P 500 is down 1.25%.

NASDAQ down 1.4%.

The Dow down 1.7%.

The 10-year Treasury yield at 4.05%.

The 2-year yield at 3.43%.

Bitcoin now down just about 5%, hovering around $64,000.

IBM shares down as much as 12%, the most since 2020.

And Novo Nordisk shares fell 16% when a head-to-head trial showed that rival Eli Lilly's Terzepatide helped people lose more weight than Novo's Kagrosima shot.

Bloomberg Intelligence Senior Pharmaceutical Analyst Sam Fazelli.

The results could weaken Novo Nordisk's competitive stance in the obesity market.

PayPal attracting takeover interest now from potential buyers after a stock slide wiped out almost half its value.