A daily market update from FS Insight — what you need to know ahead of opening bell

“You can bet against the U.S. political system. Don’t bet against the U.S. economy.” World Bank chief economist Indermit Gill


The FTC bans noncompete contracts for most workers that restrict them from joining rivals (Axios)

Tesla shares jumped ~12% despite missing Q1 earnings and revenue estimates and reiterating a pessimistic FY outlook, as Musk announced plans to pull forward production of a new affordable EV (CNBC

Visa beat Q2 analyst estimates as consumers shrugged off worries of a slowing economy to swipe cards on everything from travel to dining (RT)

Spotify shares jumped 11% after beating Q1 estimates, swinging to a profit as it implements its ‘efficiency’ strategy (YF

PepsiCo beat Q1 earnings and revenue estimates as growth in international markets offset weaker demand in its North America market (CNBC)

The drink-and-snack company's Quaker Foods unit suffered a sharp drop in revenue and earnings after a recall due to possible salmonella contamination (-2.9%) (PepsiCo)

GE Aerospace shares rose ~8% on a beat-and-raise thanks to strong sales from commercial aircraft en...

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