Bitcoin (BTC-USD) jumped on a Coindesk report the Securities and Exchange Commission has revived talks with Grayscale about its spot bitcoin ETF. Tesla (TSLA) shares fell more than 6% after HSBC initiated coverage with a “Reduce” rating, citing Elon Musk as a “single-man risk” and long timelines for bets like robots. Tapestry (TPR) reported mixed first quarter results, saying there was “a difficult consumer demand environment” in North America.
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