Welcome to Markets Desk, your midday read on the stories moving markets and policy.
Nissan is pulling back from its commitment to manufacture electric vehicle drive units in the United Kingdom, according to the Nikkei. The decision reflects weaker-than-expected demand for the company's EV lineup across Europe, and it raises fresh questions about whether automakers can sustain their electrification timelines in markets where consumer uptake has simply not kept pace with investment.
Shifting to healthcare technology, Doximity shares took a sharp hit as investors weighed whether artificial intelligence tools could eventually displace the platform's core offerings for medical professionals. The selloff reflects a broader anxiety in the market right now — that AI doesn't just compete with legacy software, it potentially makes it obsolete, and high-multiple growth names are the first to reprice when that narrative takes hold.
And on the geopolitical front, President Trump signaled the United States will not be rushed into any agreement with Iran, even as diplomatic talks remain ongoing. The comments suggest a deal is not imminent, which keeps a floor of uncertainty under energy markets and leaves traders watching the strait of Hormuz with the same caution they've held for months.
That's the tape. Markets Desk, signing off the floor.
