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. The news sent the tech titan's shares down 3.5% in pre-market trading, wiping $50 billion off its market capitalization.. Renaissance Technologies had a 2.1% stake in Elon Musk's startup worth $1.6 billion at the end of December.. The South Korean electronics giant, which makes half of its smartphones in Vietnam, feels"relieved," a source told Reuters.. Chinese officials said they would exempt US imports such as pork, soybeans, and crude oil from tariffs..
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