Julie Morgan

One caveat, half of the EVs allowed under the new quota must be priced under $35,000 Canadian dollars and Tesla's models are priced above that.

That lower price could benefit companies like China's BYD, though it barely sells any cars in Canada right now.

A look at a few other articles that are trending.

The Fed's Jerome Powell will reportedly attend the Supreme Court hearing on Lisa Cook's case.

President Trump floats 200% tariffs on French wines over Macron's refusal to join the Board of Peace.

And OpenAI's CFO says ARR hits above $20 billion in 2025.

A couple of items on our Catalyst watch.

Walmart will be officially added to the Nasdaq 100 at the beginning of the trading day.

And AYTU will hold an Investor Day event in New York City.

On Wall Street, Dow, S&P and Nasdaq futures are in the red.

Crude oil is up 0.2% at $59 a barrel.

Bitcoin is down 1.5% at $91,000.

Gold is up 1% at $47.26.

The FTSE 100 is down 1.2% and the DAX is down 1.3%.

Another big mover in pre-market action is RAP Therapeutics.

RAPT is up 64% after GSK agreed to acquire the biotech in a $2.2 billion deal, paying $58 per share in cash through a tender offer expected to launch within 10 business days.

And it's a quiet day on the economic calendar.

That's it for today's Wall Street Breakfast.

Thanks for listening.

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