5 things to know before the stock market opens Wednesday

Key Points:

• Nvidia's earnings report, due after the bell, is highly anticipated as investors watch for signs of dependence on hyperscalers like Amazon, Google, and Microsoft, with CEO Jensen Huang scheduled for an interview on CNBC tonight.
• Canada has announced retaliatory tariffs matching the U.S. 50% duties "dollar for dollar," affecting over 700 U.S. goods and totaling around $20 billion, after trade talks between the two countries collapsed.
• Iran and Oman are discussing a temporary joint shipping route and mine-clearing mission through the Strait of Hormuz to restore safe navigation, contradicting U.S. claims that all mines have been removed.
• The U.S. Department of Health and Human Services plans to create two new deputy commissioner roles at the FDA focused on technology/AI and drugs, signaling increased influence by the Robert F. Kennedy Jr.-led department.
• Waymo announced plans to launch driverless rides in Munich by the end of 2027, marking its first European market, with phased testing to begin soon to adapt to local driving conditions.