Ed Kalecki

NVIDIA shares soared Friday as investors snapped up shares of companies positioned to benefit from the vast sum of money that big technology firms have said they'll spend on artificial intelligence infrastructure this year.

Shares of the chipmaker closed 7.8% higher for its best day since April 9th.

adding roughly $325 billion in value in the fourth largest one-day market cap gain for a stock ever.

That snapped a five-day losing streak for NVIDIA, which erased about $500 billion amid a broader sell-off as software and technology shares tumbled.

The FDA says it will crack down on copycat weight loss drugs like those marketed by HIMSS and HERS Health just a day after the telehealth firm started offering a deeply discounted knockoff pill.

HIMSS said Thursday it would sell a cheaper version of Novo Nordisk's new Wagovi weight loss pill.

Novo quickly called the move illegal and promised to take legal and regulatory action to protect patents.

President Trump signed a directive Friday further increasing the amount of beef imported into the U.S.

from Argentina, his latest move to address Americans' concerns about affordability.

The proclamation finalizes the terms of a deal the U.S.

and Argentina signed on Thursday, scrapping hundreds of tariffs and trade barriers in each other's goods.

The quota of beef allowed into the U.S.

with preferential tariff treatment in 2026 will increase by 80,000 metric tons.

The Friday numbers on Wall Street, the Dow gained 1206, nearly 2.5%, finishing over the 50,000 mark.

NASDAQ was up 490, that's 2.1%.

The S&P added 133, nearly 2%.

The 10-year Treasury yield is at 4.2%.

The two-year, it's at 3.49%.

That's news when you want it with Bloomberg News Now.

I'm Ed Kalecki.