0819 | Treasury to at least Double Buybacks; Marvell +10%; Moderna/Merck Vaccine; Target Raises

This episode covers a turbulent trading day across markets. The Treasury Department said it will at least double the cap on its long-dated bond buybacks, pulling yields back from multi-year highs and lifting stocks. Marvell shares jumped 10% after issuing a warrant letting Google buy up to $12.2 billion in stock as part of an AI chip deal. Moderna and Merck reported a late-stage success for their personalized mRNA melanoma vaccine, sending both stocks soaring. Retailers diverged: Target raised i Timeline: 00:00:00 Opening 00:00:21 Treasury doubles bond buybacks, yields retreat and stocks climb 00:01:02 Marvell pops 10% on AI chip deal with Google 00:01:33 Moderna and Merck's melanoma vaccine succeeds; both stocks soar 00:02:12 Retail split: Target shines while Lowe's and TJX struggle 00:02:35 Trump pauses Canada tariffs for three days, claims a deal 00:03:26 Carvana under pressure as Mark Walter probe fuels jitters View episode details → https://bri.so/show/episode/01a01c09-d86f-71b0-b0a5-84a20d97e049 This episode is produced by Bri. Bri uses advanced AI technology to turn the feeds you care about into podcasts made for listening. https://bri.so Contact us at [email protected].