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Trump Administration Plans 90-Day Ban on Diesel Exports

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.DIESEL EXPORTS BAN:The Trump administration is preparing a plan to ban exports of diesel for 90 days in a bid to bring down energy prices, five people familiar with the discussions told's Ben Lefebvre, Meredith Lee Hill and Scott Waldman. Publicly traded refiners include Delek US, HF Sinclair, Marathon Petroleum, Phillips 66, PBF Energyand Valero.BEEF IMPORT PLAN:A small group of Trump administration officials are weighing whether to cut back President Trump's decision to boost foreign beef imports, as Republican panic mounts ahead of the midterm elections, Politico's Meredith Lee Hill. The proposal to lower the amount of imports is being talked about within the Domestic Policy Council led by Vince Haley, a longtime Trump speechwriter and former campaign official, and a few other White House officials, the author says, citing two people with direct knowledge of the conversations. Publicly traded companies in the space include Hormel Foods, JBS, Pilgrim's Prideand Tyson Foods.IRAN CONFLICT:Treasury's Bessent said the U.S. is getting up to 17M boe/d out of Hormuz, according to Bloomberg. He also said the Iran conflict has produced a "supply shock," but energy price increase has not passed to core inflation, and noted that President Trump is the "AI Czar."

Major Averages Close Lower as 10-Year Treasury Yield Hits 5.13%

The major averages closed broadly lower as U.S. bond yields jumped to their highest levels in nearly two decades. The 10-year Treasury yield jumped 0.17 percentage point to 5.13%, its highest level since July 2007, as oil prices jumped back above $100 and a monthly S&P survey showed rising private-sector business activity and price pressures. Later in the morning, yields continued their move higher when Fed governor Michael Barr said he expects the central bank will need to raise interest rates further to tamp down inflation.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Royal Caribbeanagreed to acquire a 50% stake in Sandals for $3BMcDonald'slaunched its new NEXT strategy, introducing new financial targets including aiming for a 1.5 percentage point market share gain in chicken and drinksCracker Barrelreported better-than-expected Q4 earnings and revenue and provided FY27 revenue guidanceGeneral Millsreported upbeat Q1 results and reaffirmed its FY27 guidancePolitico reported that the Trump administration is preparing a 90-day diesel exports ban, though a White House official told Reuters that the report was "fake news"2. WALL STREET CALLS:Microsoftupgraded to Buy at Stifel on revenue growth, efficienciesUBS downgraded PG&Eon risk of inaction on wildfire reformGraphic Packagingupgraded to Overweight at JPMorganCompass Therapeuticsdowngraded at Wedbush and LifeSci Capital as FDA throws wrench in tovecimig plansUBS initiated coverage on five data center stocks with Buy ratings3. AROUND THE WEB:Paramount Skydanceis considering asking Teslafounder Elon Musk for an equity investment as it absorbs Warner Bros. Discovery, Semafor reportsJana Partners is urging Six Flagsto explore a sale, WSJ reportsBayerhas agreed to sell the rights to its cancer drug Stivarga to Gruenenthal Group for up to EUR 375M, or $431M, WSJ reportsMetais testing a "human concierge" for Muse, its new personal AI assistant, which involves having human contractors handle some calls placed via the agent, Reuters saysSpaceXAI'sGrok Bot AI agent has reached over 400,000 weekly users within a month of launching, Bloomberg says4. MOVERS:TriSalus Life Sciencesgains after receiving FDA clearance for TriNav AdvanceNNincreases after raising its outlook for FY26IonQhigher after the company said it successfully tested the first real-time quantum error decoderVoyager Technologiesfalls after offering to sell $350M in senior notesInnovAgedeclines after announcing a 10M share offering5. EARNINGS/GUIDANCE:Espeyreported Q4 results, with EPS and revenue lower year-over-yearPaychexreported Q1 results and provided guidance for FY27Alkamireaffirmed its outlook for FY26Guardforce AIreported results for 1H of FY26Cintasreported Q1 results and raised its outlook for FY27INDEXES:The Dow fell 352.10, or 0.68%, to 51,511.59, the Nasdaq lost 308.24, or 1.13%, to 26,936.04, and the S&P 500 declined 58.61, or 0.75%, to 7,706.03.