Market update for Tuesday May 12, 2026
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In today’s episode, Zaid covers:
April CPI coming in hot at 3.8%, the highest inflation reading since May 2023
eBay rejecting GameStop’s $55B+ takeover offer
Cerebras raising its IPO price range as AI chip demand heats up
Wendy’s stock surging on reports Nelson Peltz may pursue a take-private bid
Hims & Hers shares falling after its GLP-1 pivot comes with higher costs
Netflix revealing it spent $135B on films and TV shows over the past decade