?? Goldman Sachs cuts its S&P 500 year-end target to 6,200, Tesla warns of possible retaliatory tariffs and more.
Hello, dear readers! ??We hope you had a great week.? Here's your weekly update on the latest news from finance and markets.
Walgreens Boots Alliance will go private in a $10 billion deal with Sycamore Partners, ending nearly 100 years of public trading. A New York federal jury awarded Nike $355,450, finding that Lululemon’s Chargefeel, Strongfeel, and Blissfeel shoes infringe a Nike patent on sneaker design. Goldman Sachs has cut its 2025 S&P 500 target from 6,500 to 6,200, citing rising policy uncertainty over tariffs and slowing economic growth. The FTC announced on Wednesday that it will proceed with the September trial against Amazon without delay, reversing an earlier claim by attorney Jonathan Cohen that staffing cuts required an extension. Tesla cautions that it and other U.S. exporters risk retaliatory tariffs in response to President Trump’s trade actions.
Stay tuned for more updates in the dynamic world of finance and markets! ??
Sycamore to take Walgreens private in $10 billion deal
Walgreens Boots Alliance will go private in a $10 billion deal with Sycamore Partners, ending nearly 100 years of public trading. The offer values shares at $11.45 each—an 8% premium—with potential extra cash from its stake in VillageMD. Once near $100 billion in value, Walgreens has seen its market cap drop 90% since 2015 amid falling drug margins, fierce competition, heavy debt, and costly acquisitions. Analysts believe that going private could help the company focus on a turnaround away from the pressures of public markets.
US jury rules Lululemon violated Nike patent
A New York federal jury awarded Nike $355,450, finding that Lululemon’s Chargefeel, Strongfeel, and Blissfeel shoes infringe a Nike patent on sneaker design. The jury rejected claims related to a second patent. Nike had sought damages of at least 5% of Lululemon's shoe revenues. Lululemon called the damages "nominal", praised the verdict on the second patent, and plans to appeal the infringement ruling. Nike sued Lululemon over the patents in 2023, and a separate 2022 lawsuit alleged that Lululemon’s Mirror Home Gym also infringed Nike patents.
Goldman Sachs cuts its S&P 500 year-end target to 6,200
Goldman Sachs has cut its 2025 S&P 500 target from 6,500 to 6,200, citing rising policy uncertainty over tariffs and slowing economic growth. This new target is still 10.6% above the last close of 5,572.07. The S&P 500 had its largest one-day drop since December 18 on Monday, losing $4 trillion in market value. The index nearly hit correction territory on Tuesday after President Trump announced—and later reversed—new tariffs on Canada. Goldman Sachs analysts pointed to increased tariff-related uncertainty, economic growth concerns, and hedge funds unwinding their positions as key drivers, along with a 14% drop in the "Magnificent 7" stocks, whose price-to-earnings ratios fell from 30 times to 26 times.
FTC drops request to delay Amazon trial, reaffirms commitment
The FTC announced on Wednesday that it will proceed with the September trial against Amazon without delay, reversing an earlier claim by attorney Jonathan Cohen that staffing cuts required an extension. Speaking to Judge John Chun in Seattle, Cohen admitted the agency has sufficient resources. FTC Chairman Andrew Ferguson reaffirmed the agency’s commitment to the case, which alleges Amazon used deceptive "dark patterns" to trick consumers into renewing Prime subscriptions—a lawsuit involving claims of at least $1 billion and naming three senior executives. Despite citing issues like transcript delays and potential office moves, Cohen’s earlier warnings have been retracted, while Amazon’s attorney argued that trial teams change regardless of these challenges.
Tesla warns of possible retaliatory tariffs
Tesla cautions that it and other U.S. exporters risk retaliatory tariffs in response to President Trump’s trade actions. In a letter to the U.S. Trade Representative, Tesla stressed the need to avoid unintended harm to American companies, citing past tariff hikes on EVs. The automaker warns that sourcing certain parts domestically is challenging and urges a phased approach to trade measures. Meanwhile, major foreign automakers also warn that broad tariffs could disrupt U.S. production, raise prices, and impact jobs.
We would be happy to hear your thoughts on this edition and what we can improve on. For any feedback or collaboration opportunities, please e-mail us on [email protected].
All market index and stock data are as of the most recent close time.?For sources of information click here.
The content on this page is for information purposes only, it does not expressly or implicitly provide financial, legal, tax, or investment advice or recommendations, the opinions are those of the author. Individual investors should make their own decision when investing as investing in securities carries risk and it’s the individual investor’s responsibility to assess the risk before making any decision. It’s the investor’s sole responsibility to make their own decisions and determine the appropriateness of an investment or strategy based on their own personal investment objectives, financial circumstances, and risk tolerance. Past performance is no guarantee of future results. Historical returns, expected returns, and probability projections are provided for informational and illustrative purposes and may not reflect actual future performance. Any articles, daily news, analysis, and/or other information contained in the blog should not be relied upon for investment purposes. The content provided is neither an offer to sell nor purchase any security. Opinions, news, research, analysis, prices, or other information contained on our Blog, or emailed to you, are provided as general market commentary. InvestSky does not warrant that the information is accurate, reliable, or complete. Any third-party information provided does not reflect the views of InvestSky. InvestSky shall not be liable for any losses arising directly or indirectly from misuse of information. Each decision as to whether a self-directed investment is appropriate or proper is an independent decision by the reader. All investing is subject to risk, including the possible loss of the money invested.
InvestSky Financial Limited is regulated by the Dubai Financial Services Authority (“DFSA”) in the Dubai International Financial Center (“DIFC”) and holds a Category 4 license in Arranging Deals in Investments with retail endorsement and is not authorized to hold client assets or client money. Please visit our disclosure page on investsky.com.