Significant Setback in US Markets – Weak Labor Market – Tariffs Remain – Pharmaceutical Sector Under Pressure – Switzerland Faces 39% Tariff Shock – OPEC Increases Production – Berkshire's Profit Plunges by 60% – Meta Banks on AI Glasses – Tesla Found Liable – Boeing Employees Strike – Massive IPO of Figma

On Friday, August 1, 2025, US stock markets experienced the sharpest setback since May. The Dow Jones fell by 1.2% to 43,589 points, the S&P   500 lost 1.6% to 6,238 points, and the Nasdaq Composite dropped 2.2% to 20,650 points – marking the most significant daily loss for the tech index since April. Internet and semiconductor stocks were under particular pressure. Amazon slid by 8% following disappointing cloud business results. Coinbase plummeted by 16%, dragging down the fintech segment. Nvidia lost 2.3%, Apple 2.5%, and the PHLX...