Wall Street opens lower as Trump's tariff deadline nears
NEW YORK — Wall Street is opening lower as the Trump administration steps up pressure on trading partners to make trade deals before a Wednesday deadline.
The S&P 500 was down 0.4% in early trading Monday. The Dow Jones Industrial Average fell 102 points, or 0.3%. The Nasdaq composite was down 0.6%. Tesla tumbled as the feud between CEO Elon Musk and President Donald Trump reignited over the weekend.
Musk, once a top donor and ally of Trump, said he would form a third political party in protest over the Republicans' spending bill that passed last week.
By Teresa Cerojano and Matt Ott
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PBBK Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of PB Bankshares, Inc. Is Fair to Shareholders
Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of PB Bankshares, Inc. (NASDAQ: PBBK) to Norwood Financial Corp is fair to PB Bankshares shareholders. Under the terms of the proposed transaction, PB Bankshares' shareholders will have the option to elect to receive either 0.7850 shares of Norwood common stock or $19.75 in cash for each common share of PB Bankshares they own. The election is subject to proration to ensure that, in the aggregate, 80% of the transaction consideration will be paid in the form of Norwood common stock. Halper Sadeh encourages PB Bankshares shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@ or zhalper@ The investigation concerns whether PB Bankshares and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for PB Bankshares shareholders; (2) determine whether Norwood is underpaying for PB Bankshares; and (3) disclose all material information necessary for PB Bankshares shareholders to adequately assess and value the merger consideration. On behalf of PB Bankshares shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome.
