🔴 The Metals is trading 4.17% down today after August PPI exceeded expectations

The Metals is trading at $4.10 (-4.17%) as August PPI exceeded expectations, lifting Treasury yields and pressuring rate-sensitive equities.

• U.S. stocks are lower: S&P 500, Nasdaq Composite, and Dow Jones are down 0.74%, 0.94%, and 0.69%, respectively.
• Bitcoin and Ethereum are down 1.30% and 1.38% since the prior close; The Metals is a deep-sea minerals company, not crypto-related.
• No new company-specific catalyst was identified; coverage highlights regulatory uncertainty and September warrant expirations.