Good morning and welcome to Markets Desk, your midday read on the stories moving markets and the broader business landscape.
Nvidia CEO Jensen Huang is facing bipartisan pressure on Capitol Hill after lawmakers requested his testimony following reports linking him to an alleged Chinese intelligence asset. For a company already navigating export restrictions on advanced chips, this adds a layer of political and reputational risk that investors cannot easily price away.
Shifting to the crypto space, Web3Auth says it moved five point six million dollars out of vulnerable Keplr wallets before hackers could fully exploit the exposure, though the company's own language hinted that some funds were already taken. It's a reminder that custodial security in decentralized finance remains as much a crisis management exercise as a technical one.
And in a bright spot for entertainment, Godzilla Minus Zero opened with thirty one point six million dollars at the domestic box office, with roughly seventy four percent of that coming from premium large format screens including IMAX. It's another strong data point for the premium theater thesis, reinforcing that audiences will pay up for the right experience when studios deliver the spectacle to match.
That's the tape. Markets Desk, signing off the floor.
