Stock markets, China tariffs, Novavax and Sanofi: 3 Things

Stock markets in the U.S. and Europe are poised to end the first full trading week of May on a strong note. President Biden is expected to announce adjustments to Trump-era trade tariffs on China, potentially affecting sectors like electric vehicles and semiconductors. Novavax shares surged over 110% following news of a significant licensing deal with Sanofi to co-commercialize its COVID-19 vaccine.