Wall Street Breakfast Podcast: Tariff Hit Sends Auto Stocks Sliding

2025-03-04 06:45:48 ET

Summary

• President Trump's 25% tariffs on Canada and Mexico sent auto stocks and suppliers lowers, with GM, Ford, Stellantis, and Tesla all experiencing declines.
• Walgreens Boots Alliance surged 5.8% premarket on news of a potential $10 billion acquisition by Sycamore Partners, expected to finalize soon.
• 23andMe's special committee rejected CEO Anne Wojcicki's proposal to take the company private, citing the offer's significant undervaluation compared to a previous bid.

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"No room left" rattles auto industry as tariff tantrum sends stocks spiraling lower. (00:24) Walgreens (WSB) gains on reports of Sycamore nearing $10B takeover . (02:40) 23andMe ( ME ) committee rejects new Wojcicki proposal to take company private. (03:25)...

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