The FCC said in a statement that the foreign-made routers introduce “a supply chain vulnerability that could disrupt the U.S. economy, critical infrastructure, and national defense” and pose “a severe cybersecurity risk that could be leveraged to immediately and severely disrupt US critical infrastructure.”
The move targets future devices while allowing existing inventory and installed routers to remain in use.
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The impact will extend beyond Chinese players such as TP-Link, affecting U.S.-headquartered firms as well.
Companies including Netgear (NTGR), Eero (AMZN), and Google (GOOG) Nest design their products domestically but depend heavily on manufacturing bases in Asia.
SK hynix (HXSCL) is acquiring advanced production equipment valued at 12 trillion won ($7.9 billion) from Dutch company ASML (ASML), aiming to meet rising demand for memory chips.
The South Korean chipmaker announced the decision through a regulatory filing. Reports say the extreme ultraviolet scanners will be delivered by December 2027 for its next-generation production processes.
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The move comes amid SK Hynix’s push to expand the production of memory chips, including high bandwidth memory, on the back of soaring demand from the artificial intelligence industry.
According to a separate report, SK Hynix (HXSCL) is seeking to raise 10 trillion won to 15 trillion won ($10 billion) from a potential listing in the US, the Korea Economic Daily reported.
The company is currently the main HBM supplier to Nvidia (NVDA), although Samsung Electronics (SSNLF) and Micron (MU) supply it with smaller volumes.
Puig (PUIGF), which is behind brands such as Rabanne and Charlotte Tilbury, has a market cap of EU8.8 billion ($10.3B). Estee Lauder has a market value of $31B.
Puig’s Spain-listed shares jumped as much as 15% on Tuesday, while Estée Lauder (EL) was up 0.6% in U.S. premarket trading.
Shareholders with Two Harbors Investment (TWO) will vote on the deal to be acquired by mortgage wholesaler UWM Holdings (UWMC).
JFB Construction (JFB) will begin trading on a split-adjusted basis following the two-for-one stock split.
The ShopTalk conference in Las Vegas will include a keynote from Reddit (RDDT) CEO Steve Huffman. Top execs from Wayfair (W), Stitch Fix (SFIX), Pinterest (PINS), Gap (GAP), Dutch Bros (BROS), and SharkNinja (SN) will also appear.
MercadoLibre (MELI) will appear at a Morgan Stanley conference.
Zillow Group (ZG) will host an investor event focused on the company’s AI innovation in real estate.
CrowdStrike (CRWD) CEO George Kurtz will give a keynote address at the RSA security conference.
Asure Software’s (ASUR) CEO will participate in a panel discussion on AI and Implications for Business Services and Software at the Roth Conference.
Dow, S&P and Nasdaq futures are in the green. Crude oil is up 2.5% at $90. Bitcoin is up 0.5% at $71,000. Gold is up 0.4% at $4,425.
The FTSE 100 is little changed and the DAX is down 0.2%.
The biggest movers for the day premarket: Outlook Therapeutics (OTLK) -25% – Shares plunged after the company announced a best-efforts public offering of common stock and accompanying warrants, with potential inclusion of pre-funded warrants.
Economic calendar:
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Editor’s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.
Oil prices staged a sharp rebound on Monday, rising more than 6% after plunging over 9% in the previous session, as tensions flared again around the Strait of Hormuz. The latest spike followed fresh accusations from both the U.S. and Iran, each blaming the other for violating the ceasefire by targeting ships over the weekend.
On the geopolitical front, U.S. President Donald Trump said on Sunday that American forces had seized an Iranian cargo ship attempting to breach its blockade. Iran, in response, said it would not take part in a second round of peace talks, despite Trump’s warning of renewed airstrikes.
Crude oil price on April 20
Brent crude futures climbed $6.11, or 6.76%, to $96.49 a barrel by 2327 GMT. U.S. West Texas Intermediate rose $6.53, or 7.79%, to $90.38 a barrel.Before the conflict, the strait accounted for roughly one-fifth of global oil supply. The war, now nearing two months, has severely disrupted these flows.
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Market movements remain highly reactive to developments, with oil prices swinging on shifting signals from both sides rather than any clear improvement in supply conditions. The intermittent movement of vessels through the strait highlights the deep uncertainty surrounding the world’s most critical energy chokepoint. Even if tensions ease, a full recovery in oil flows is expected to take several months, experts warn. On Saturday, Iran tightened its grip over the strait in response to the U.S. blockade, reportedly firing at several vessels and declaring the route closed. This came just hours after it had announced a temporary reopening during a 10-day ceasefire.
What are experts saying?
Brokerage firm Macquarie said that even if tensions cool, oil prices are likely to remain supported in the $85 to $90 range, with a gradual move towards $110 as supply through the Strait of Hormuz improves. It added that if disruptions persist through April, Brent crude could climb as high as $150 per barrel.
Analysts broadly believe crude may be entering a phase of structurally higher prices. With the ceasefire seen as temporary, a return to pre-war levels of $70 to $75 may take several months. In the near term, they expect prices to stay within a range of $80 to $85 on the downside and $95 to $100 on the upside.
Nuvama Institutional Equities cautioned that prolonged closure of the strait, which handles about 20 million barrels per day, could drive crude prices into the $110 to $150 range.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Concurrent Technologies Plc (COTGF) Discusses Full Year Results and Leadership Transition with Strategic Business Updates April 17, 2026 6:30 AM EDT
Company Participants
Miles Adcock – CEO & Executive Director Kim Maria Garrod – CFO & Executive Director
Presentation
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Operator
Good morning, and welcome to the Concurrent Technologies Plc Final Results Investor Presentation. [Operator Instructions]
Before we begin, I would like to submit the following poll. And I would now like to hand you over to CEO, Miles Adcock. Good morning to you.
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Miles Adcock CEO & Executive Director
Good morning, and welcome to our full year results for 2025.
Next slide, please. So my name is Miles. I’m the CEO. This is my fourth set of annual results, and I’m joined by Kim, our CFO. And I should note that at the same time as we issued our full year results, we also announced that Kim has decided to retire at the end of this year. My good friend and colleague, Kim, do you want to say a few words?
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Kim Maria Garrod CFO & Executive Director
Yes. So I achieved a milestone birthday this year, and that made me rethink what I was going to do. So I have decided to retire, but I’m in the business until the end of the year. I’m very excited about the business, and I will be watching it very closely after I’ve gone, and I’ll be regularly calling Miles for updates. But I’m fully committed to the business. And as I say, I’ll be taking out for most of this financial year.
Miles Adcock CEO & Executive Director
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Thank you, Kim. And just to note, Kim has generously given us until the end of the year to seek a replacement, and I’ve engaged Korn Ferry this week, and we’re working hard at finding a worthy successor.
Business groups have urged the government to cut a raft of regulations ahead of the federal budget, but the finance minister says changes have to make sense.
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