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Tractors Take Paris: French Farmers Escalate Fight Against Mercosur Deal

Tractors line up in front of the National Assembly as French farmers protest against the government's handling of the EU-Mercosur free trade agreement. French farmers brought a new wave of tractor protests to Paris, intensifying their campaign against the EU–Mercosur trade agreement. The convoy, made up of hundreds of tractors, rolled through major avenues and gathered near key government buildings, creating significant traffic disruption but maintaining a peaceful tone. Farmers argue that the proposed deal between the European Union and South American nations would expose them to unfair competition from cheaper imports produced under looser environmental and animal‑welfare standards. Many say the agreement threatens the future of French agriculture, already strained by rising costs and tightening regulations. Unions behind the protest insist that the French government must take a firmer stance to block the deal at the EU level. With negotiations nearing a potential conclusion, ...
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Market Surge After Trump Rally Incident

 

Following the recent incident at a Pennsylvania rally where former President Donald Trump was shot in the ear, financial markets experienced notable movements. Here are the key highlights:

  1. Trump Media & Technology Group (TMTG) Shares Surge:

    • Shares of Trump Media & Technology Group (TMTG), the parent company of social media platform Truth Social, soared by 67% in premarket trading. Trump owns a majority stake in TMTG, which was worth about $3.8 billion as of June 25, 2024.
    • The surge in TMTG stock reflects investors’ anticipation that Trump’s odds of winning the election have risen following the assassination attempt.
    • Retail traders have been betting on a Trump victory, and this recent incident further fueled their confidence.

  2. Crypto Stocks React:

    • The intersection between political events and crypto price movements became evident. The Solana memecoin TRUMP (MAGA) surged by 42% within minutes of the news breaking, while Bitcoin climbed past the $59,000 mark.
    • Trump’s crypto-friendly stance has contributed to the positive sentiment in the crypto market.
    • Crypto exchange Coinbase Global, bitcoin miners Riot Platforms Inc, and Marathon Digital also saw gains of 6% to 7%.

  3. Other Market Reactions:

    • The broader US market remained subdued, with futures tied to the S&P 500 edging up by 0.4%.
    • Gun maker Smith & Wesson Brands gained 2.7%, as gun stocks tend to rise after mass shootings.
    • Prison stocks Geo Group and CoreCivic rose about 7%, potentially benefiting from Trump’s promised crackdown on illegal immigration.
    • Software developer Phunware and video-sharing platform Rumble also saw significant increases in their stock prices.

While these market movements reflect the immediate impact of the incident, it’s essential to keep an eye on further developments as the US election campaign continues. 





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