Ford and GM reach 52-week highs as EPA seeks to repeal emissions rules

Shares of Ford and GM are each trading at 52-week highs on Friday, as investors pile into gas-powered US automakers with the looming end of the EV tax credit and the Trump administration’s potential repeal of vehicle emissions standards.

A lobby representing Ford, GM, and nearly all other major automakers has expressed support for the EPA’s proposal to repeal the long-standing endangerment finding that declared greenhouse gases a threat to human life. The finding provides the legal foundation for the EPA to regulate vehicle emissions.

Yesterday, EV giant Tesla urged the Trump administration to keep the standards in place.

Friday afternoon saw Ford shares reach their highest level since July 2024, while GM’s stock hit highs not seen since January 2022.

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Luke Kawa14m

Hims & Hers sees surge turn sour in its biggest reversal since the 2025 stock market bottom

Hims & Hers erased gains of more than 5% in early trading to close down more than 7% on Thursday.

It’s the first time the telehealth company saw an intraday gain of 5% or more turn into a loss of 5% or more since April 8, 2025, which marked that year’s bottom for the S&P 500 amid the tariff-induced tumult.

Hims has been on an absolute tear this week after reaching a renewed partnership with Novo Nordisk to sell its weight-loss drugs, a pact which resolves the massive legal overhang that had been plaguing the stock. The momentum continued as Wall Street scrambled to boost their outlook on the shares following this arrangement.

There’s not much in the way of company-specific news to point to: Hims, like many other firms, tanked after the market opened as oil climbed.

Ahead of the open, Eli Lilly warned that mixing the active ingredient in its weight-loss treatments with vitamin B12 caused a chemical reaction that produced “significant levels of an impurity.” One of Hims’ compounded offerings is tirzepatide with B12. However, the stock didn’t move much on that news.

Perhaps this is just a consolidation period — the so-called pause that refreshes — or a potential sign that the stock had squeezed all the juice it could out of one catalyst as the overall market wobbles under the weight of high oil prices brought about by the ongoing war in the Middle East.

Tasha Matsumoto

15m

Stocks tumble as Brent crude closes above $100

Investors were plagued by inflation fears amid rising oil prices and ongoing private credit concerns.

Matt Phillips48m

Firefly Aerospace rockets higher, as traders snap up calls

Firefly Aerospace shares soared after Wednesday’s successful liftoff of its Alpha rocket for the first time in almost a year was followed by a flurry of call buying in the options market.

Shortly before 3 p.m. ET Thursday, roughly 36,000 call options on Firefly had changed hands, more than twice the average over the previous 20 days.

The Cedar Park, Texas designer and manufacturer of space launch vehicles has lost some serious altitude since its August 2025 IPO. It’s down about 60% since then, even after Thursday’s surge.

Vandenberg rocket launch visible across West Coast. Here's a recap

The Cedar Park, Texas designer and manufacturer of space launch vehicles has lost some serious altitude since its August 2025 IPO. It’s down about 60% since then, even after Thursday’s surge.

Luke Kawa

Woe de toilette

Spiking oil prices have investors turning up their noses at fragrance stocks

Estée Lauder and International Flavors & Fragrances are among the worst-performing stocks since the kinetic conflict in the Middle East started.

Saleah Blancaflor2h

Gas jumps 60 cents in under two weeks, hitting $3.60 as the market braces for possible $4 a gallon

Spring is just around the corner and gas prices just keep getting higher.

The national average for a gallon of regular gas is currently at $3.598, according to the American Automobile Association, jumping nearly 35 cents since last week.

The most recent prices are similar to spring of 2024, while this is the first time it has gone above the $3.50 threshold since July 29, 2024.

While gas tends to increase during the warmer months, crude oil prices have played a major part in what consumers have been paying, at times exceeding $100 per barrel in the past few days.

To offset the rising energy costs due to the conflict in the Middle East, the US Department of Energy announced it would release 172 million barrels of oil from strategic reserves over the next four months as part of the larger effort to release 400 million oil barrels.

Prediction markets are pricing in an implied 62% chance that the price of gas exceeds $4.00 at the end of the month. Things may get even more expensive though; markets are pricing in roughly even chances that gas finishes above $4.10, and even a 22% chance gasoline is averaging $4.50 per gallon on March 31.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

US gas prices jump to nearly $3.60 per gallon

While gas tends to increase during the warmer months, crude oil prices have played a major part in what consumers have been paying, at times exceeding $100 per barrel in the past few days.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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