Saturday☕️

Trending:

• Title 42
• Taiwan Arms Aid

Markets/Economies:

• Yesterday's US stock market:

• Yesterday's crypto market:

Title 42:

• Title 42, a Trump-era policy allowing for the expulsion of migrants at the U.S. border during the COVID-19 pandemic, is set to end on May 11th.
• The Biden administration initially tried to end the policy last year, but was blocked by legal efforts. The termination of Title 42 is expected to result in a significant influx of migrants at the southern border. Since its enactment in 2020, over 3 million individuals have been turned away using this policy.
• In response, the Pentagon will deploy 1,500 active-duty troops to assist Customs and Border Patrol for 90 days. El Paso, a border city, has declared a state of emergency in anticipation of the migrant surge, allowing the city to open temporary shelters and use federal funds to address the issue.

Taiwan Arms Aid:

• The Biden administration plans to send $500 million in weapons aid to Taiwan using the same emergency authority previously employed over 35 times for Ukraine.
• As part of the 2023 budget, Congress authorized up to $1 billion in weapons aid for Taiwan through Presidential Drawdown Authority (PDA), which allows for the transfer of articles and services from U.S. stockpiles without congressional approval during emergencies.
• This move would be the first from the $1 billion authorization. China sees Taiwan as its own territory and has increased military pressure on the island in recent years.
• The U.S. decision follows China's war games around Taiwan last month and Taiwan President Tsai Ing-wen's meeting with U.S. House Speaker Kevin McCarthy.

Statistic:

• Largest companies by market cap:

1. Apple: $2.764 T
2. Microsoft: $2.317 T
3. Saudi Aramco: $2.077 T
4. Alphabet (Google): $1.342 T
5. Amazon: $1.084 T
6. Berkshire Hathaway: $716.12 B
7. NVIDIA: $708.39 B
8. Meta: $602.11 B
9. Tesla: $539.00 B
10. Visa: $487.58 B

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