Table of Contents

• Omada Health

• Tesla

• U.S. Jobs Report

Top Stories Today

Omada Health

Omada Health shares climbed 21% in their first day of trading on Nasdaq, after the digital chronic care firm priced its initial public offering at $19 per share. The stock opened at $23 and closed at the same level, with a midday peak of $28.40. The offering raised about $150 million through the sale of 7.9 million shares, valuing the company at just over $1 billion. Founded in 2012, Omada provides virtual care programs for chronic conditions such as prediabetes, diabetes, and hypertension. The debut follows Hinge Health’s recent IPO, as digital health listings gradually return to the market. Omada reported strong revenue growth in its latest quarter and counts U.S. Venture Partners, Andreessen Horowitz, and Fidelity among its top investors.

Tesla

Tesla stock rebounded slightly on Friday following a steep decline earlier in the week, triggered by a heated dispute between Elon Musk and President Donald Trump. The company’s value dropped by $152 billion on Thursday amid a public exchange of accusations over federal policy and subsidies. Although some analysts suggested a reconciliation might ease market concerns, a senior White House source indicated Trump was not planning to speak with Musk. Musk intensified his criticism, suggesting Trump should be removed from office, while Trump retaliated by threatening to end federal contracts with Musk’s firms. Despite the turmoil, Tesla’s shares regained some ground Friday, though the stock remains significantly down for the year.

U.S. Jobs Report

U.S. employers added 139,000 jobs in May, surpassing forecasts despite ongoing economic pressures like tariffs and slowing business activity. The unemployment rate held at 4.2%, while wages rose more than expected, signaling continued labor market strength. Healthcare led job creation, adding 62,000 positions, with leisure and social services also contributing. However, government jobs fell by 22,000 as workforce reduction efforts began taking effect. Although the headline numbers were solid, revised figures for March and April showed fewer jobs than initially reported. The household survey indicated a steep drop in full-time employment. Despite these mixed signals, the Federal Reserve is expected to maintain current interest rates at its upcoming meeting.

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