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-0.000460829493087466 0 -0.00413824884792612 0.0101290322580646 0.0156682027649771 0.0255483870967742 0.034562211981567 0.0336405529953917
Stock impact report

Navitas (NVTS) Loses 9.6% as Tariffs Rattle Global Markets [Yahoo! Finance]

Navitas Semiconductor Corporation (NVTS) 
Company Research Source: Yahoo! Finance
Navitas Semiconductor Corporation (NASDAQ:NVTS) dropped its share prices by 9.62 percent on Tuesday to close at $9.86 apiece, mirroring a broader market decline amid ongoing geopolitical tensions between the US and the European Union. This followed President Donald Trump's threats over the weekend that he would slap eight European countries with 10 percent tariffs if they continue to oppose his planned takeover of Greenland. The tariffs will take effect on February 1 and could rise to 25 percent if a deal is not made on June 1. Meanwhile, the EU said that it would retaliate with $108 billion in levies on American goods in its bid to protect the European country. The uncertainties rattled global markets during the day, with investors embarking on a wait-and-see mode for further developments. Meanwhile, Wall Street's major indices ended in a bloodbath, led by the Nasdaq, down 2.39 percent. Navitas Semiconductor Corp. (NASDAQ:NVTS) develops ultra-efficient gallium nitride (GaN Show less Read more
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