Tesla CEO Elon Musk announced that production of the Cybertruck in Texas will cease in mid-2027. The announcement follows Texas's shift toward the Democratic Party following the midterm elections and has prompted Democrats to pledge increased scrutiny of Musk and his companies.

World Liberty Financial, a company associated with President Donald Trump, announced it will launch a buyback of its WLFI tokens. The WLFI token has fallen to all-time lows, mirroring declines in a separate TRUMP token. In 2024, investors treated cryptocurrency tied to the president as a "sure bet" and bought at what turned out to be peak prices.

SEOUL — South Korea’s KOSPI plunged 8%, triggering a temporary halt to trading. Stocks tied to artificial intelligence were the primary contributors to the selloff.