Apple AI, Wolfspeed bankruptcy, medical device stocks
July 1, 2025
Yahoo Finance anchor Brad Smith examines some of the top headlines on Wall Street as part of today’s Market Minute.
Apple (AAPL) is reportedly considering using an external artificial intelligence (AI) language learning model (LLM) for Siri from Anthropic (ANTH.PVT) or OpenAI (OPAI.PVT), Bloomberg reported.
Wolfspeed (WOLF) stock skyrockets after the company filed for Chapter 11 bankruptcy.
Medical device makers like Tandem Diabetes (TNDM), Dexcom (DXCM), and Insulet (PODD), are trading lower as the US proposes changes to Medicare rules.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance’s Market Minute
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It’s time for Yahoo! Finance’s Market Minute. Stocks are mixed. The S&P 500 and the Nasdaq pulling back from record highs as investors look for progress on trade talks. Apple shares higher on reports that it plans to use AI from Anthropic or OpenAI to power its new version of Siri. That’s according to Bloomberg. And Wolfspeed shares rocketing over 100%. The stock is still trading under a dollar a share. The chip supplier restructuring its debt through a Chapter 11 bankruptcy filing. Wolfspeed expects to cut its overall debt by about 70%, or $4.6 billion and emerge from Chapter 11 by the end of the third quarter. And medical device stocks falling as the Centers for Medicare and Medicaid Services proposes a rule change that would cut Medicare payments to home health agencies and give patients access to newer diabetes care technology more quickly. Analysts expect this to have a negative impact on the device makers. That’s your Yahoo! Finance Market Minute. Scan the QR code for more.
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