1. Lucid Group (LCID) appointed a new CEO and expanded its partnership with Uber to 35,000 vehicles, backed by over $1 billion in new investments from Uber and PIF, causing its shares to surge.
2. JPMorgan (JPM) reported Q1 revenue and EPS that beat expectations, but its CEO warned of increasing geopolitical risks and global economic uncertainty.
3. Geopolitical tensions are escalating as the UK's 10-year bond yield hits its highest since 2008 and a potential Hormuz Strait blockade threatens to significantly spike commodity prices.
Lucid's Major Overhaul, JPMorgan Beats & Warns, Geopolitical Tensions Rise
