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Here are some of the stories Wall Street is watching on Tuesday, May 27.
Shares of Tesla (TSLA) are rising after CEO Elon Musk pledged to spend more time at the EV maker and his other businesses.
PDD (PDD) shares are sinking after issuing disappointing first quarter results.
Palantir (PLTR) announced a new AI partnership with Bain & Company.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo! Finance's market minute. Tesla shares getting a bump after CEO Elon Musk said he has returned to the Tesla office, as well as his other companies, such as X and XAI. This comes as Tesla shares are under pressure, declining in Europe for the fourth straight month here, and Chinese rival BYD beating Tesla in sales in the region for the first time ever. Shares of Team Mobile's parent company, PDD, sinking as the Chinese e-commerce giant was hit by waning demand domestically and abroad. PDD's net profits falling 47% from a year earlier as trade tensions caused prices to increase in the US. Palantir shares higher on a series of partnerships in its AI and defense businesses. Global management firm Bain & Company announcing a partnership with Palantir to offer AI solutions for the firm's clients. This, after Palantir won a billion dollar contract with the US Army for its Maven Smart system. And that's your Yahoo! Finance market minute. For more on what's trending on Yahoo! Finance, scan the QR code below.
