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The Dow was the least worst of the majors with Nasdaq lagging just behind Small Caps (SPY -0.5%). Biden administration weighs rule to reduce nicotine levels in cigarettes.
The Market in Perspective
Here are the headlines moving the markets.
Lithium Mega-Merger Creates New $3 Billion Company
Australian lithium minersGalaxy Resources (ASX:GXY)andOrocobre (ASX:ORE)haveagreed to a merger that would create a $3.1 billion (A$4bn) company, set to be the worlds fifth largest producer of lithium chemicals, the refined form of the raw material used to make electric vehicle (EV) batteries. The business combination, the biggest mining sector deal of the year so far, will unlock significant synergies for the new company, the miners said. The logic of this merger is compelling, Orocobre ....

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