Julie Morgan

And NetApp also to underweight with a price target of $89 as well.

The New York Stock Exchange, which is owned by Intercontinental Exchange, says it's working on a new platform that would let people trade U.S.

stocks and ETFs around the clock.

These assets would be tokenized, meaning they're represented digitally using blockchain tech.

The exchange still needs regulatory approval, but if it goes through, the platform would allow trades to settle instantly, let investors place orders based on dollar amounts instead of share counts,

and use stablecoins to fund trades.

NYSE has not said yet when this might actually launch.

The platform's design combines NYSE's existing matching engine, which matches buy and sell orders with blockchain-based post-trade systems, including the capability to support multiple chains for settlement and custody.

This project is just one part of ICE's bigger push into digital markets,

The company is also getting its clearing systems ready for 24-7 trading and looking at ways to use tokenized assets as collateral.

Tesla could be one of the biggest winners from Canada's decision to sharply cut tariffs on electric vehicles made in China.

Canada plans to allow about 49,000 Chinese-made EVs to be imported each year at a much lower tariff of 6.1%.

down from the 100% rate it imposed in 2024.

In return, China will ease tariffs on Canadian products like canola.

Over time, that EV export limit could rise to 70,000 vehicles a year.

Most Chinese EV brands don't really sell in Canada right now, but Tesla already has a solid footprint there with 39 stores across the country.

Its largest factory in Shanghai is already set up to build a version,

of the Model Y tailored for Canada.

Tesla actually started shipping those China-made Model Ys to Canada in 2023, but had to stop when the 100% tariffs kicked in.

Since then, it's been sending vehicles from its factory in Berlin instead.