🔴 BIDU is trading 4.5% down today as China freezes new robotaxi permits following Apollo Go malfunction

BIDU is trading at $120.10 (-4.50%) following a nationwide freeze on new Level 4 autonomous vehicle licenses in China.

• The suspension follows a Baidu Apollo Go malfunction, effectively halting robotaxi expansions and new city launches.
• This major regulatory action directly impacts Baidu's core autonomous driving business and long-term growth prospects.
• While broader markets are slightly lower (S&P 500 -0.24%, Nasdaq -0.32%), the significant drop is driven by these company-specific headwinds.