Trump issues revised tariff orders. Reddit's results topper, robust forecast drive shares higher. Palantir lands enterprise deal worth up to $10B from U.S. Army.

MANILA, Philippines (AP) — Asian shares were mixed on Thursday after most U.S. stocks slipped, as doubts rose on Wall Street about whether the Federal Reserve will deliver economy-juicing cuts to interest rates by September.

CoreWeave shareholders have become accustomed to volatility. After floating at a price of $40, the AI-cloud computing almost quintupled to $187 before a severe correction began in June. The stock almost halved to $100 as investors fretted over a questionable acquisition, its debt overload and the concentration risk of one big customer: Microsoft.

Health care stocks sank after the White House released letters asking big pharmaceutical companies to cut prices and make other changes in the next 60 days. Eli Lilly & Co. fell 2.6%, UnitedHealth Group slid 6.2% and Bristol-Myers Squibb dropped 5.8%.