Galleri is a cancer detection test by Grail. The test is not yet approved by the FDA (Grail)

Grail tanks after cancer detection test fails in key study

Hims & Hers announced a partnership with the company earlier this month.

A blood test for detecting cancer early that was indirectly advertised at the Super Bowl failed in a major study.

Grail, the diagnostics company developing the test, Galleri, announced top-line results of a major trial with England's National Health Service, which did not show a statistically significant reduction in later-stage cancers among people who took the test, though there was “a favorable trend over time.” Grail sold 185,000 Galleri tests in 2025, generating $136.8 million, up from $109 million in 2024.

The company is down more than 50% in premarket trading.

The test, which has a list price of $949, has been available through consumer health platforms like Function Health, a lab analysis startup, which announced in December that it would offer Galleri tests.

Hims & Hers announced earlier this month that it would offer Galleri tests on its lab analysis product.

The company teased the new partnership in its Super Bowl ad, touting “early cancer detection through a simple blood test.” The ad showed a man breathing a sigh of relief after seeing his phone screen confirm, “No cancer signal detected.”

Max Knoblauch1h

Lucid cuts 12% of its US workforce in a profitability push

EV maker Lucid announced on Friday it is laying off 12% of its US workforce as part of its efforts to improve profitability.

This is Lucid’s third round of layoffs since March 2023. At the end of 2024, the company said it had 6,800 employees globally.

“This difficult but necessary decision was made to improve operational effectiveness and optimize our resources as we continue on our path toward profitability,” interim CEO Marc Winterhoff told employees in an email published by Business Insider. The company has been without a permanent CEO since February 2025.

Lucid has worked to boost its cash reserves in recent months. Late last year it announced plans to raise $875 million through a private offering of convertible senior notes due in 2031.

Lucid Motors slashes 12% of its workforce as it seeks profitability | TechCrunch

Lucid has worked to boost its cash reserves in recent months. Late last year it announced plans to raise $875 million through a private offering of convertible senior notes due in 2031.

Max Knoblauch4h

The Supreme Court’s tariff ruling isn’t sweeping relief for automakers, but it isn’t nothing either

The Supreme Court on Friday struck down a significant chunk of President Trump’s tariffs, but the decision isn’t a cause for automakers to fully exhale.

Friday’s ruling relates to tariffs imposed under the International Emergency Economic Powers Act and not Section 232. The 25% tariffs on automobiles and auto parts were imposed under Section 232, so those tariffs remain in place.

Still, it’s worth noting that automakers including Ford, GM, and Stellantis aren’t completely on the outside looking in. IEEPA tariffs did cover certain machinery, lower-cost raw materials, and components, which account for a small chunk of automaker production costs.

According to the Center for Automotive Research, IEEPA tariffs account for about $250 per vehicle for the big three Detroit automakers, or $902 million in costs. That’s a far cry from the Section 232 tariff impact of $4,240 per vehicle, per the think tank, but it’s not nothing.

The modest bump in auto stocks compared to retailers on Friday reflects the light relief.

Stocks jump after Supreme Court strikes down Trump’s reciprocal tariffs

The modest bump in auto stocks compared to retailers on Friday reflects the light relief.

Luke Kawa

Supreme Court strikes down Trump’s reciprocal tariffs; Trump responds with 10% global tariff

The president said he has “great alternatives” and can charge even more than he was charging.

President Trump Holds "Make America Wealthy Again Event" In White House Rose Garden

Luke Kawa5h

Nvidia nears $30 billion investment in OpenAI’s funding round, the FT reports

Nvidia is close to investing $30 billion in OpenAI as part of its long-discussed funding round, per the Financial Times.

Bloomberg had previously reported that Nvidia would be investing $20 billion in this round.

The FT says that this investment will effectively be replacing a bigger planned pact between the two companies. The Wall Street Journal had originally reported in late January that Nvidia’s investment of up to $100 billion in OpenAI, which was announced in September, had “stalled” amid private criticisms of the ChatGPT maker by CEO Jensen Huang.

As Microsoft, SoftBank, or Oracle could tell you, being viewed as overly exposed to OpenAI has not been a boon for stocks in recent months.

Luke Kawa

Opendoor rises as JPMorgan boosts earnings estimates following Q4 results

New CEO Kaz Nejatian said the cohort of homes purchased in October, his first full month running the company, is poised to be Opendoor’s most profitable October ever.