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Bloomberg News Now: Markets Rally as Oil Tops $101; Spirit Airlines Collapse, Apple Surges
Posted
May 1, 2026
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1,538
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May 1, 2026
1,538
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5:55Now PlayingSpirit Airlines shares plunge 60% after reports the carrier is shutting down and failing to secure a $500 million government lifeline. President Trump announces a 25% tariff on autos from the European Union, escalating trade tensions. The Iran conflict reaches the 60‑day War Powers threshold as the U.S. maintains its naval blockade.
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