Stock Movers

On this episode of Stock Movers:-Apple (AAPL) shares fell after Jefferies downgraded the iPhone maker to underperform from hold.-Applied Materials (AMAT) shares dropped after the company said net revenue for FY 2026 is set to decrease by $600 million due to a new rule by the US Department of Commerce’s Bureau of Industry and Security.-Boeing (BA) shares slumped after the plane maker delayed their new 777X to fly for the first time in early 2027. The delay could result in potentially billions of dollars in accounting charges, with analysts estimating the non-cash accounting charge could run from $2.5 billion to as much as $4 billion.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Applied Materials (AMAT) shares are lower after warning an expansion of rules that restrict the export of its products to China will take another chunk out of its revenue. The US Commerce Department’s Bureau of Industry and Security has issued a new rule this week that widens the range of companies subject to export restrictions, Applied Materials said in a regulatory filing Thursday. The company expects that to cost it $600 million in lost revenue in fiscal 2026, which runs through next October.- TSMC (TSMC) is rallying on news Huawei's Ascend AI processors were found to contain advanced components from Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co., and SK Hynix Inc. Huawei's reliance on foreign hardware highlights China's struggle to boost domestic production of AI semiconductors, with the company's access to foreign goods being of crucial importance due to US export restrictions.- Rumble (RUM) is gaining after entering into a strategic partnership with Perplexity to develop a new subscription model combining the pro features of each platform. - Boeing (BA) is showing little movement but investors are following news that the company is slated to fly its 777X commercially for the first time in early 2027, a fresh setback to the US planemaker. The delay could result in potentially billions of dollars in accounting charges, with analysts estimating the non-cash accounting charge could run from $2.5 billion to as much as $4 billion.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Applied Materials (AMAT) shares are lower after warning an expansion of rules that restrict the export of its products to China will take another chunk out of its revenue. The US Commerce Department’s Bureau of Industry and Security has issued a new rule this week that widens the range of companies subject to export restrictions, Applied Materials said in a regulatory filing Thursday. The company expects that to cost it $600 million in lost revenue in fiscal 2026, which runs through next October.- TSMC (TSMC) is rallying on news Huawei's Ascend AI processors were found to contain advanced components from Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co., and SK Hynix Inc. Huawei's reliance on foreign hardware highlights China's struggle to boost domestic production of AI semiconductors, with the company's access to foreign goods being of crucial importance due to US export restrictions.- Rumble (RUM) is gaining after entering into a strategic partnership with Perplexity to develop a new subscription model combining the pro features of each platform. - Tesla (TSLA) is rebounding after seesawing yesterday. It reported strong sales numbers yesterday, then the stock dropped, and is back higher in the premarket. The automaker posted a record quarter of vehicle sales, but it will be difficult to replicate now that federal electric-car subsidies have expired.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Rheinmetall rose along with other European defense companies as drone sightings, such as those around Munich airport, suggested an expansion of tensions towards western Europe. - Legrand shares hit a record high, after the French electrical devices maker acquired Avtron Power Solutions for an enterprise value of $1.1 billion.- Raiffeisen was up on reports the EU would lift sanctions on assets linked to Russian oligarch Oleg Deripaska to compensate the bank for damages it had to pay in Russia.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Robinhood (HOOD) is exploring an expansion of its prediction markets product to countries outside of the US, a move that would broaden the reach of the already fast-growing and often controversial industry. The brokerage has been speaking to overseas regulators like the UK’s Financial Conduct Authority about how it might offer prediction markets locally, as demand for the space continues to grow. At issue is how such products might be structured and regulated — while prediction markets are considered futures products in the US, they’re often lumped in with gambling in other regions. Shares have rallied this week on the news.- Occidental (OXY) shares fell as much as 4% on Thursday, after the company agreed to sell its OxyChem petrochemical unit to Berkshire Hathaway Inc. for about $9.7 billion in cash. Analysts see the deal de-leveraging the company, but note that the sale is below the $10 billion that had been expected.- Stellantis (STLA) is mulling a potential sale of its car-sharing business Free2move as Chief Executive Officer Antonio Filosa looks to turn around the ailing automaker, according to people familiar with the situation. Shares of Stellantis rose as much as 7.6% in Milan on Thursday following the news. The company has a market value of about €24 billion ($28 billion).See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:  Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. - Fair Isaac (FICO), better known as FICO, will now sell credit scores directly to mortgage resellers, a move that sent shares of third-party credit bureaus plunging. Through a new program, mortgage resellers will be able to calculate and distribute credit scores directly to customers, reducing their reliance on credit bureaus. This will bring more price transparency and savings for mortgage lenders, mortgage brokers and other industry participants, FICO said in a statement. Shares of FICO rallied.  - Tesla (TSLA) shares fell after the automaker posted a record quarter of vehicle sales that will be difficult to replicate now that federal electric-car subsidies have expired. The company delivered 497,099 vehicles worldwide in the most recent quarter, 7.4% more than a year ago. Although the total far exceeds the roughly 439,600 average analyst estimate compiled by Bloomberg, Tesla’s shares slumped Thursday following a record monthly gain in market capitalization. - Occidental (OXY) is done with monster dealmaking after reaching its asset-sales target with the $9.7 billion chemical-unit sale to Berkshire Hathaway Inc. Following the Texas oil driller’s transformational purchase of CrownRock LP for $10.8 billion in August 2024, Hollub targeted as much as $6 billion in asset sales to whittle away debt. As of early August, the company already was roughly two-thirds of the way to that goal. Shares declined. See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Tesla (TSLA) reported a surprise record quarter of vehicle sales as US consumers accelerated electric-car purchases before federal tax credits expired.The company delivered 497,099 vehicles worldwide, 7.4% more than a year ago. While that total far exceeds the roughly 439,600 average analyst estimate compiled by Bloomberg, Tesla’s shares slumped Thursday following a record monthly gain in market capitalization. Investors recently looked past Tesla’s first-half sales weakness to Musk’s promises of growth in areas such as driverless vehicles, artificial intelligence and robotics. The carmaker’s shares soared 33% in September, recouping early-year losses and adding $401.9 billion of market value. The stock gave back some of those gains Thursday, falling as much as 3.2% as of noon New York time. - Credit-reporting bureaus like TransUnion (TRU) and Equixfax (EFX) each dropped at least 12% during trading Thursday on word that Fair Isaac, better known as FICO, will now sell credit scores directly to mortgage resellers. Through a new program, mortgage resellers will be able to calculate and distribute credit scores directly to customers, reducing their reliance on credit bureaus. This will bring more price transparency and savings for mortgage lenders, mortgage brokers and other industry participants, FICO said in a statement.  - Berkshire Hathaway shares dipped on word that Occidental Petroleum Corp. is done with monster dealmaking after reaching its asset-sales target with the $9.7 billion chemical-unit sale to Berkshire Hathaway Inc. “I believe we are done with the big deals,” Occidental Chief Executive Officer Vicki Hollub said in an interview Thursday. “This pretty much gets us where we need to be.” Following the Texas oil driller’s transformational purchase of CrownRock LP for $10.8 billion in August 2024, Hollub targeted as much as $6 billion in asset sales to whittle away debt. As of early August, the company already was roughly two-thirds of the way to that goal.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- TransUnion (TRU) shares fall after Fair Isaac Corp. announced a new program giving mortgage lenders the option to calculate and distribute FICO scores directly to customers. FICO shares rallied. - Occidental Petroleum (OXY) shares drop after Warren Buffett’s Berkshire Hathaway reached a deal to buy Occidental Petroleum's petrochemical business for about $9.7 billion in cash.-Tesla (TSLA) shares gain after reporting a surprise increase in quarterly vehicle sales as US consumers accelerated electric-car purchases before federal tax credits expired.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Tesla (TSLA) shares gain after reporting a surprise increase in quarterly vehicle sales as US consumers accelerated electric-car purchases before federal tax credits expired.- Fair Issac Corp (FICO) shares rise after it announced a new program giving mortgage lenders the option to calculate and distribute FICO scores directly to customers.- Occidental (OXY) shares drop after Warren Buffett’s Berkshire Hathaway reached a deal to buy Occidental Petroleum's petrochemical business for about $9.7 billion in cash.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- The shares of credit-reporting companies TransUnion (TRU) and Equifax (EFX) plunged in premarket trading after Fair Isaac Corp. (FICO) announced a new program giving mortgage lenders the option to calculate and distribute FICO scores directly to customers.- Samsung Electronics and SK Hynix shares rose to their highest in years after South Korea’s largest companies forged initial agreements to supply chips to OpenAI’s Stargate project, reinforcing their lead in artificial intelligence memory. OpenAI’s Sam Altman signed a letter of intent Wednesday to enlist the two firms in his data center construction effort, a global undertaking that involves the sector’s biggest players from Nvidia (NVDA) to Oracle (ORCL). The US startup could need as many as 900,000 wafers per month as Stargate expands, the companies said.- Stellantis (STLA) shares rally in premarket trading after the maker of Jeep SUVs reported a gain in third-quarter US deliveries, sparking optimism on the group’s turnaround prospects. Stellantis US deliveries were up 6% in the third quarter, powered by an 11% jump in Jeep deliveries, in the company’s first quarterly sales gain in more than two years.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Shares of Tesla (TSLA) led fellow Magnificent Seven stocks higher in premarket trading Thursday ahead of the electric-car maker’s delivery figures for three months that ended in September. The company likely delivered around 439,600 vehicles worldwide in the three months that ended in September, according to analysts’ estimates compiled by Bloomberg. Although that would amount to a roughly 5% drop from a year ago — and mark Tesla’s third straight quarterly decrease — it would be an improvement relative to the first half of 2025, when vehicle sales tumbled 13%.- ADRs of Dutch chip manufacturing supplier ASML (ASML) moved higher alongside European semiconductor stocks, following gains by US and Asian-listed peers. Samsung Electronics and SK Hynix shares rose to their highest in years after South Korea’s largest companies forged initial agreements to supply chips to OpenAI’s Stargate project, reinforcing their lead in artificial intelligence memory.- Shares of energy real estate investment trust Fermi (FRMI) soared in premarket trading after rallying 55% in their debut. The REIT - backed by former US Secretary of Energy Rick Perry - raised $682.5 million in its US listing, the latest sign of investors’ hunger for exposure to a boom in artificial intelligence.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Brunello Cucinelli rose after confirming its full-year growth target and pushing back against claims made by a short-seller. - Siemens shares were up on news the conglomerate is exploring the spinoff of a large part of its majority stake in Siemens Healthineers. - Novo Nordisk gained further after it was upgraded to buy from hold at HSBC.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Tesla (TSLA)'s sales decline is expected to slow, offering investors a measure of relief amid a lengthy downturn at Elon Musk’s electric-car maker.The company likely delivered around 439,600 vehicles worldwide in the three months that ended in September, according to analysts’ estimates compiled by Bloomberg. Although that would amount to a roughly 5% drop from a year ago — and mark Tesla’s third straight quarterly decrease — it would be an improvement relative to the first half of 2025, when vehicle sales tumbled 13%. - Neptune Insurance (NP), a flood insurer, saw shares jump over 24% after it's shareholders raised $368.4 million in a US initial public offering.Shares of the St. Petersburg, Florida-based firm closed at $24.80 each on Wednesday, versus an IPO price of $20 apiece. The offering of 18.4 million shares by backers including co-founder Jim Albert, Bregal Sagemount and FTV Capital was marketed in a range of $18 to $20 each. - Fermi (FRMI) shares rose 55% in their debut after the energy real estate investment trust raised $682.5 million in its US listing, the latest sign of investors’ hunger for exposure to a boom in artificial intelligence. Shares of the company closed at $32.53 versus an IPO price of $21. Fermi sold 32.5 million shares after pricing them within a marketed range of $18 to $22. The trading gave the Amarillo, Texas-based REIT, which was co-founded by former US Secretary of Energy Rick Perry, a market value of about $19.3 billion based on the outstanding shares listed in its filings. The company’s shares debuted on the Nasdaq Global Select Market on Wednesday and are expected to begin trading on the London Stock Exchange on Thursday.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.- Nike (NKE)'s turnaround efforts are starting to pay off as the world’s largest sportswear company realigns the business around sports such as running and basketball. The company said efforts to roll out new products, boost marketing efforts and clear out old inventory helped blunt a longtime sales slump — results that boosted Nike’s shares as much as 7% on Wednesday. The stock had dropped about 8% this year through Tuesday’s close as investors waited for Nike to show signs that its comeback bid is actually working. On Wednesday, Nike’s better-than-expected results also boosted European sportswear shares, with both Adidas AG and Puma SE climbing. - AST SpaceMobile (ASTS) shares surged after the telecommunication company gave a positive production update on its BlueBird satellite, in a post on X. - Peloton (PTON) shares fell Wednesday after the company raised prices on both hardware and membership fees in a sweeping product overhaul, dampening the first major attempt under new leadership to overcome a multi-year slump. The new products, announced Wednesday, include new versions of the Bike and Bike+, Tread and Tread+ and the replacement of the Row with a Row+, confirming an August Bloomberg report. The hardware on each of the products gains a Swivel Screen so the display can move, letting users switch to activities like yoga or pilates off the device while still viewing classes. Throughout, the line is powered by a new artificial intelligence platform, Peloton IQ, offering personalized guidance, insights and coaching plans.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Intel (INTC) shares climbed as much as 6.8% after Semafor reported that the company is in talks to add Advanced Micro Devices Inc. as a customer for its manufacturing business.  The companies are in early-stage discussions about having AMD rely on Intel factories, Semafor said, citing unidentified people familiar with the matter. AMD currently depends on Taiwan Semiconductor Manufacturing Co. for much of its manufacturing needs. AMD and Intel declined to comment to Bloomberg News. - Peloton (PTON) shares fell Wednesday after the company raised prices on both hardware and membership fees in a sweeping product overhaul, dampening the first major attempt under new leadership to overcome a multi-year slump. The new products, announced Wednesday, include new versions of the Bike and Bike+, Tread and Tread+ and the replacement of the Row with a Row+, confirming an August Bloomberg report. The hardware on each of the products gains a Swivel Screen so the display can move, letting users switch to activities like yoga or pilates off the device while still viewing classes. Throughout, the line is powered by a new artificial intelligence platform, Peloton IQ, offering personalized guidance, insights and coaching plans.- Reddit (RDDT) shares dropped the most since April 30 after analysts noted a drop in OpenAI citations. According to our analysts at Bloomberg Intelligence, Reddit's drop in citations from OpenAI shows its exposure to search-engine traffic and any changes to algorithms from the large-language model companies. Reddit's direct traffic and daily active user growth hinges on its own chatbot use, which we believe is key to direct-response ads and average revenue per user growth.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Lithium Americas (LAC) shares rise after US Secretary of Energy Chris Wright told Bloomberg Television that the US government agreed to acquire a 5% stake in the company.- Carvana (CVNA) shares gain after Jefferies upgraded the online platform for buying used cars to buy from hold.- Nike (NKE) shares up as turnaround efforts are starting to pay off as the company realigns the business around sports such as running and basketball.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Shares of Nike (NKE) moved higher ahead of the open after signs that turnaround efforts at the world’s largest sportswear company are starting to pay off. Sales fell 1% on a currency-neutral basis in the company’s most-recent quarter, according to a statement, which was a smaller drop than investors anticipated. Gains at Nike’s wholesale and running shoe business, which had previously been weak spots, helped fuel sales of $11.7 billion, more than the $11 billion expected by Wall Street.- Cal-Maine Foods (CALM) decline in premarket trading after the egg producer posted first quarter profit and sales that disappointed.- Lithium Americas (LAC) shares surge to their highest level in nearly two years in the premarket session after US Energy Secretary Chris Wright told Bloomberg Television that the US government agreed to acquire a stake in the company. The US will take a 5% equity stake in the Vancouver-based company and a 5% stake in its Thacker Pass mining project, the largest lithium deposit in the country. The company also reached an accord with the Department of Energy to draw on a previously agreed upon $2.23 billion loan.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Shares of Nike (NKE) moved higher in premarket trading after signs turnaround efforts at the world’s largest sportswear company are starting to pay off. Sales fell 1% on a currency-neutral basis in the company’s most-recent quarter, according to a statement, which was a smaller drop than investors anticipated. Gains at Nike’s wholesale and running shoe business, which had previously been weak spots, helped fuel sales of $11.7 billion, more than the $11 billion expected by Wall Street.- Occidental Petroleum (OXY) shares edge higher in early trading on news that Berkshire Hathaway is nearing a deal to acquire Occidental’s petrochemical business for about $10 billion. The transaction could be announced in coming days, and would be Berkshire’s largest deal since its acquisition of Alleghany Corp. in 2022 for $13.7 billion, according to data compiled by Bloomberg.- Pfizer (PFE) shares increase in the premarket session after the company secured a reprieve from President Trump’s long-threatened tariffs on the pharmaceutical industry Tuesday by agreeing to slash some of its drug prices by up to 85% and selling directly to the American public, a move other major drugmakers are expected to follow.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- AstraZeneca rose along with other pharmaceutical companies after Pfizer secured a reprieve from President Donald Trump’s long-threatened tariffs by agreeing to slash some of its drug prices.- Puma shares climbed after Nike reported better than expected sales, signalling an upbeat in demand for sportswear. - Greggs marked the biggest jump in shares since 2021 after it said trading improved in August and September. See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:  Nike (NKE)'s wholesale business and strength in North America powered the company’s latest quarterly sales above Wall Street’s expectations, showing that turnaround efforts at the world’s largest sportswear company are starting to deliver results. Sales fell 1% on a currency-neutral basis in the company’s most-recent quarter, a smaller drop than investors anticipated, according to a statement. Revenue in the period was $11.7 billion, higher than the $11 billion projected by analysts. Nike shares rose 0.9% 4:35 p.m. in extended New York trading. The stock has dropped 7.8% so far this year through Tuesday’s close. CoreWeave (CRWV) shares rallied today after it signed a deal to supply Meta Platforms Inc. with as much as $14.2 billion worth of computing power, underscoring the massive costs of developing and running advanced AI models. “They loved our infrastructure in earlier contracts and came back for more,” Chief Executive Officer Michael Intrator said in an interview. As part of the agreement, CoreWeave will provide the social media giant access to Nvidia Corp.’s latest GB300 systems, he said. Meta didn’t provide comment. CoreWeave shares jumped as much as 15.9% after markets opened in New York. Meta shares declined as much as 1.9%. The US government agreed to acquire a stake in Lithium Americas (LAC) according to US Secretary of Energy Chris Wright. The deal is the Trump administration’s latest effort to speed development of a domestic supply chain to counter China’s dominance over metals critical to defense, automaking and consumer electronics. In July, the US Defense Department announced a $400 million equity investment in MP Materials Corp. to fund a major new plant making rare-earth magnets. See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:  -  CoreWeave (CRWV) shares closed higher today, after the cloud-computing provider signed a deal to supply Meta Platforms with as much as $14.2 billion worth of computing power. The deal runs through December 2031 with an option to extend through 2032 with additional capacity, and helps diversify CoreWeave’s business away from Microsoft. - Pfizer (PFE) was the second biggest gainer in the S&P today. Shares rise after the Washington Post reported that President Donald Trump will announce an agreement with the drugmaker to voluntarily sell its medications through Medicaid at lower prices. - Spotify (SPOT) shares dropped after news that Chief Executive Officer Daniel Ek is stepping aside, leaving the leadership in the hands of Gustav Söderström and Alex Norström.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:  - Pfizer (PFE) is the second biggest gainer in the S&P today. Shares rise after the Washington Post reported that President Donald Trump will announce an agreement with the drugmaker to voluntarily sell its medications through Medicaid at lower prices. -  CoreWeave (CRWV) shares are up as much as 16% today, after the cloud-computing provider signed a deal to supply Meta Platforms with as much as $14.2 billion worth of computing power. The deal runs through December 2031 with an option to extend through 2032 with additional capacity, and helps diversify CoreWeave’s business away from Microsoft. - Firefly Aerospace (FLY) plunged as much as 25% after a core segment of one of the company’s rockets exploded on a test stand. The event resulted in a complete loss of Firefly’s Alpha Flight 7 first stage, making the company's plans to launch two of its Alpha rockets before the end of the year unlikely.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Verizon (VZ) shares jump after news the company is engaged in talks to sell some of its wireless spectrum to Verizon Communications Inc.- Spotify (SPOT) shares drop after news that Chief Executive Officer Daniel Ek is stepping aside, leaving the leadership in the hands of Gustav Söderström and Alex Norström.- Pfizer (PFE) shares rise after the Washington Post reported that President Donald Trump will announce an agreement with the drugmaker to voluntarily sell its medications through Medicaid at lower prices.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- EchoStar (SATS) shares jump after the company engaged in talks to sell some of its wireless spectrum to Verizon Communications Inc..- CRH London-listed shares rise to a record high as the building materials supplier sets out mid-term targets for revenue growth and Ebitda margins to 2030.- Spotify (SPOT) shares drop after news that Spotify Technology Chief Executive Officer Daniel Ek is stepping aside, leaving the leadership in the hands of Gustav Söderström and Alex Norström.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- EchoStar (SATS) is higher as the company engaged in talks to sell some of its wireless spectrum to Verizon Communications Inc. The talks involve EchoStar’s AWS-3 licenses, which the company put a carrying value of $9.8 billion on, according to a regulatory filing.- Spotify (SPOT) shares are moving on news Chief Executive Officer Daniel Ek is stepping aside, leaving the leadership in the hands of Gustav Söderström and Alex Norström. Ek will continue to provide support and guidance, and said he is "not leaving" but will remain involved in big decisions about the company's future.- Coty (COTY) is moving on news it has begun a strategic review of its consumer beauty brands to rework its portfolio of mass-market cosmetics labels while refocusing on fragrances.See omnystudio.com/listener for privacy information.

- EchoStar (SATS) shares rise in premarket trading on Tuesday as Verizon Communications (VZ) is said to be in discussions with the company about purchasing some of its wireless spectrum. Bloomberg has learned the talks involve EchoStar’s AWS-3 licenses, valuable for carrying 5G wireless signals.- Shares of Firefly Aerospace (FLY) extended losses in early trading after the company disclosed an incident during a test at its facility in Briggs, Texas, that resulted in the loss of a rocket stage. Firefly, which made history in March when it landed its Blue Ghost robotic spacecraft on the surface of the moon, said that it had followed proper safety protocols and all personnel were safe.- Exxon Mobil (XOM) shares were little changed despite news that the energy giant plans to cut about 2,000 jobs globally as it consolidates smaller offices into regional hubs as part of its long-term restructuring plan. The reductions represent about 3% to 4% of Exxon’s global workforce and are part of the company’s ongoing efficiency drive, Chief Executive Officer Darren Woods said in an memo to employees Tuesday.- Coty Inc. (COTY) shares edged higher ahead of the US open after the company began a strategic review of its consumer beauty brands as it looks to rework its portfolio of mass-market cosmetics labels while refocusing on fragrances. The company’s $1.2 billion consumer beauty division is made up of brands including CoverGirl, Max Factor, Rimmel and Sally Hansen. Management will consider partnerships, spin-offs, divestitures and more as part of its assessment, according to a statement released on Tuesday.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- UBS reiterated its scathing critique of Switzerland’s planned changes to banking regulation, saying they may put the firm’s role in the country at risk.- Asos warned its full-year earnings would be at the lower end of expectations as the online fast fashion chain works on a complex turnaround plan. Shares of Asos fell as much as 13% in early London trading, the most on an intraday basis since May 2023.- Close Brothers is offloading its loss-making vehicle hire business, at a cost of £30 million, in its latest bit of reorganisation to become a “simpler” bank. The lender is trying to boost profits following a long-running legal saga tied to its motor finance unit. Shares slid in early trading.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Carnival (CCL) shares fall after the company raised its full-year earnings forecast for the third straight quarter. Shares slumped as much as 5.9%, the most intraday since June 13, on net yields guidance for the fourth quarter that trailed some expectations, and comments on cost headwinds in 2026. - Electronic Arts (EA) shares rise after news that a group of investors including the Saudi sovereign wealth fund will acquire Electronic Arts in a leveraged buyout that values the company at $55 billion. - Jefferies Financial Group (JEF) posted its best fiscal third-quarter revenue ever, with total revenue jumping almost 22% to $2.05 billion. The firm said the last quarter was its best period ever for advisory revenue, as deal activity picked up and market conditions improved, with trading activity also coming in higher than a year ago. The stock moved modestly lower in afterhours trading.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.- Video-game maker Electronic Arts (EA) has agreed to sell itself in the largest leveraged buyout on record to a group of investors that includes a firm managed by President Donald Trump’s son-in-law Jared Kushner and Saudi Arabia’s sovereign wealth fund. The massive deal, valuing the video-game company at about $55 billion, is the latest effort by Saudi Arabia to diversify beyond oil into sports and gaming, a financially tumultuous industry that is increasingly at the heart of youth culture around the planet. Saudi Arabia’s Public Investment Fund, along with Silver Lake Management and Kushner’s Affinity Partners, agreed to pay $210 per share in cash, a 25% premium to where EA traded before the talks leaked on Friday. JPMorgan Chase & Co. is providing $20 billion of debt, the largest debt commitment for a buyout ever.- Carnival (CCL) raised its full-year earnings forecast for the third straight quarter, citing a record pace for forward bookings and improving net yields.The cruise operator now expects adjusted net income of about $2.93 billion, up $235 million from its projection in June and higher than analysts’ expectations of about $2.76 billion. Net yields are now seen growing 5.3% on a constant-currency basis, up from 5% previously. Cruise operators appear to be faring better than airlines and other holiday operators in the face of cooling consumer sentiment, with some travelers viewing bundled vacations at sea as higher-value alternatives to more complex itineraries. - Peloton (PTON)  is preparing to kick off its second comeback attempt in three years, following a previous effort that fell short of expectations and lacked any major consumer-facing upgrades. The New York-based fitness company is set to introduce refreshed hardware and a software overhaul that bakes in artificial intelligence for personalization, Bloomberg News has reported. The launch, taking place this week, is Peloton’s first major product unveiling in years and comes at a time when Chief Executive Officer Peter Stern, a former Apple Inc. executive, is working to reshape the pioneering brand into an AI-focused health and wellness company. See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Carnival (CCL) shares fall after the company raised its full-year earnings forecast for the third straight quarter, citing a record pace for forward bookings and improving net yields.-CSX Corp. (CSX) shares rise after naming Steve Angel as its new chief executive officer following the abrupt departure of Joe Hinrichs, overhauling the railroad’s leadership as it faces pressure from an activist investor and rising competitive challenges.- DoorDash (DASH) shares rise after the delivery service expanded its relationship with grocery store chain Kroger. Kroger to launch almost 2,700 of its stores on the DoorDash platform starting Oct. 1.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Electronic Arts (EA) shares rise after news that a group of investors including the Saudi sovereign wealth fund will acquire Electronic Arts in a leveraged buyout that values the company at $55 billion.- Lockheed Martin (LMT)/ and other Defense stocks rose after the Wall Street Journal reported that the US Department of Defense is pushing missile suppliers.- Occidental Petroleum (OXY) shares are up after the Financial Times reported that the company is in talks to sell its OxyChem petrochemical unit in a deal worth at least $10 billion.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Shares of Electronic Arts (EA) soar on news the company agreed to sell to a group of private investors in a deal that values the company at about $55 billion, marking the largest leveraged buyout on record. - Weed stocks including Tilray (TLRY), Cronos (CRON), and Canopy Growth (WEED) are trading higher in the US premarket session after President Trump posted a video on social media Sunday that touts medical benefits of “hemp-derived CBD” for seniors.- Shares of cancer drugmaker Merus (MRUS) rise in early trading as Genmab (GMAB) agrees to acquire all of the company's shares in an all-cash transaction representing a transaction value of approximately $8 billion.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Shares of Alibaba Group Holding Ltd. (BABA), the top performer among Chinese tech names in Hong Kong this month, rallied as analysts touted improving growth prospects for the company’s cloud and artificial intelligence businesses. Morningstar Inc. boosted by 49% the fair value for Alibaba’s American Depositary Receipts and its Hong Kong-listed stock to $267 and HK$260, respectively. Morgan Stanley raised its price target for the ADRs by 21% to $200. - Huawei Technologies Co. is preparing to sharply ramp up production of its most advanced artificial intelligence chips over the next year, aiming to win customers in the world’s biggest semiconductor market while Nvidia (NVDA) Corp. struggles with geopolitical headwinds. The Chinese company plans to make about 600,000 of its marquee 910C Ascend chips next year, roughly double this year’s level, people familiar with the matter said, asking for anonymity to discuss private information. Huawei had struggled to get those products out the door for much of 2025 because of US sanctions. Overall, the Shenzhen-based company will raise output for its Ascend product line in 2026 to as many as 1.6 million dies, the people said, describing the basic silicon components that house chip circuitry. - Occidental Petroleum (OXY) is in talks to sell its OxyChem petrochemical unit in a deal worth at least $10 billion, the Financial Times reported Sunday. The divestment would be the US company’s biggest yet and would create one of the world’s largest standalone petrochemical companies, according to the FT, which cited two people familiar with the matter that it didn’t identify. The potential buyer couldn’t immediately be determined, the report said.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Novo Nordisk fell as Morgan Stanley downgraded its rating to underweight on weaker prescription momentum for the firm’s weight-loss drugs. - GSK CEO Emma Walmsley is stepping down after almost nine years with chief commercial officer Luke Miels taking over on January 1st. - Lufthansa gained after the airline outlined new financial goals, including plans to cut 4,000 administrative jobs by 2030.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Intel (INTC) has approached Apple Inc. about securing an investment in the ailing chipmaker, according to people familiar with the matter, part of efforts to bolster a business that’s now partially owned by the US government. Apple and Intel also have discussed how to work more closely together, said the people, who asked not to be identified because the deliberations are private. The talks have been early-stage and may not lead to an agreement, the people said. - CarMax (KMX) shares tumbled the most in three years after the company’s weaker-than-expected results showed deepening strain in the used-car market. The auto retailer pointed to fallout from President Donald Trump’s tariffs and rising distress among consumers as it reported falling sales and profit. Earnings of 64 cents a share in the fiscal second quarter fell well short of the $1.03 average of analysts’ estimates compiled by Bloomberg. - Electronic Arts (EA) is in talks to be taken private by a consortium led by Silver Lake Management, Saudi Arabia’s Public Investment Fund and Jared Kushner’s Affinity Partners. A takeover of Electronic Arts could announce a deal as soon as next week, and JPMorgan Chase & Co. is working on a financing package for the buyers. The company's shares closed about 15% higher at $193.35, giving Electronic Arts a market value of roughly $48 billion.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Vonnie Quinn, Carol Massar and Tim Stenovec.- Video-game maker Electronic Arts (EA) is in talks to be taken private by a consortium led by Silver Lake Management, Saudi Arabia’s Public Investment Fund and Jared Kushner’s Affinity Partners, according to people familiar with the matter. The company, known for popular titles such as Madden NFL, The Sims and Battlefield, could announce a deal as soon as next week, said the people, who asked not to be identified discussing confidential information. JPMorgan Chase & Co. is working on a financing package for the buyers, the people added. Shares of Redwood City, California-based Electronic Arts closed about 15% higher at $193.35 at in New York, giving the company a market value of roughly $48 billion.- Intel (INTC) shares continued to rally on word that it approached Apple about securing an investment. Apple and Intel also have discussed how to work more closely together, said the people, who asked not to be identified because the deliberations are private. The talks have been early-stage and may not lead to an agreement, the people said. Shares of Intel gained as much as 7.9% in New York trading on Thursday. They had jumped 6.4% the previous day after Bloomberg News first reported on the discussions. Apple rose less than 1% to $253.71 on Thursday. Shares closed higher on Friday. - Just weeks after a buzzy trading debut, Klarna (KLAR) shares fell below the initial public offering price for the first time in the face of increased competition from rivals and worries about the path of interest rates. The digital-payments firm’s stock fell 3.8% to $39.94 Friday, closing below the $40 listing price. Klarna started trading on Sept. 10 after the company and some of its backers raised about $1.58 billion in an offering that was double-digit oversubscribed and priced above the marketed range.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Apple (AAPL) has developed a ChatGPT-like iPhone app to help test and prepare for a long-anticipated overhaul of Siri coming next year, according to people familiar with the matter. The company’s AI division is using the app to quickly evaluate new features for Siri, Apple’s voice-powered assistant. That includes testing the ability to search through personal data, such as songs and emails, and perform in-app actions like editing photos, said the people, who asked not to be identified because the initiative is private. Shares of the iPhone-maker bounced around during trading on Friday.- Furniture retailers like Wayfair (W) and RH (RH) saw shares broadly decline after President Donald Trump announced that the US will enact new tariffs on imported kitchen cabinets, bathroom vanities and other home products next week. RH, whose chief executive officer has been a critic of Trump’s trade policy, saw its stock fall about 4% on Friday. The shares of the company, which operates the Restoration Hardware chain, had already declined 46% this year through Thursday. Wayfair, another furniture retailer, dropped as much as 1.9%. - Oracle (ORCL), along with Silver Lake Management and the Abu Dhabi-based investment company MGX are in talks to invest in a US version of TikTok and receive board seats in the new venture, according to people familiar with the discussions. The Trump administration recently encouraged MGX to join the coalition of non-Chinese owners, said one of the people, who asked not to be identified discussing nonpublic information.  Oracle, Silver Lake and MGX would each take a roughly 15% stake in the new TikTok US, and the investors may get a board seat each, said the people, who added that talks are ongoing and the size of the stakes may change. Spokespeople for Oracle, Silver Lake and MGX didn’t respond to requests for comment. The White House, TikTok and ByteDance also had no immediate comment. CNBC reported on the discussions earlier Thursday. Shares of Oracle are lower as investor express disappointment with the Trump administration's estimates for TikTok's value.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Costco (COST) shares slip after the retailer reported mixed 4Q results, including adj. EPS and comparable sales (excl. gas and FX) ahead of expectations, but comps decelerated from the prior quarter and global membership renewal rates declined slightly. - Eli Lilly (LLY) rises after President Donald Trump's plan to impose a 100% tariff on branded drug imports.- RH (W) shares tumbled after President Donald Trump announced that the US will enact new tariffs on imported kitchen cabinets, bathroom vanities and other home products next week.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Oracle (ORCL) share rose after the Trump administration's estimated $14 billion valuation for TikTok's US business is lower than previous estimates of around $40 billion.- Wayfair (W) shares fall after President Trump announced new industry-specific tariffs targeting heavy trucks, kitchen cabinets, bathroom vanities, and upholstered furniture.- Boeing (BA) shares jumped after the company is poised to get more leeway from the Federal Aviation Administration to perform some final safety checks on its 737 MAX aircraft prior to delivery, the Wall Street Journal reported.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Shares of Boeing (BA) soar ahead of Friday's open following a Wall Street Journal report that the planemaker is poised to get more leeway from the Federal Aviation Administration to perform some final safety checks on its 737 MAX aircraft prior to delivery, easing the company's burden to get more of its most profitable aircraft to customers.- Intel (INTC) shares rally in premarket trading after the Wall Street Journal reported that the Trump administration is weighing a new plan to reduce US reliance on chips made overseas. The Journal says the policy’s goal is to have chip companies manufacture the same number of semiconductors in the US as their customers import from overseas producers. Meantime, a separate Journal report says Intel has approached Apple and TSMC to secure investments or manufacturing partnerships to fuel the chipmaker's comeback.- Shares of Daimler (DTG GY) slip in early trading as Europe’s truckmakers try to decode what to make of President Trump’s latest tariff salvo. The US plans to impose a 25% duty on imported heavy trucks starting on Wednesday, Trump announced in a post on Truth Social, without providing more details.- Eli Lilly (LLY) shares edge higher in premarket trading after President Trump announced a fresh round of tariffs on pharmaceuticals, heavy trucks and furniture, including a 100% duty on patented drugs unless the producer is building a manufacturing plant in the US.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Intel (INTC) shares rally in premarket trading after the Wall Street Journal reported that the Trump administration is weighing a new plan to reduce US reliance on chips made overseas. The Journal says the policy’s goal is to have chip companies manufacture the same number of semiconductors in the US as their customers import from overseas producers. Meantime, a separate Journal report says Intel has approached Apple and TSMC to secure investments or manufacturing partnerships to fuel the chipmaker's comeback.- Eli Lilly (LLY) shares jumps in premarket trading after President Trump announced a fresh round of tariffs on pharmaceuticals, heavy trucks and furniture, including a 100% duty on patented drugs unless the producer is building a manufacturing plant in the US.- Shares of truck manufacturer Paccar (PCAR) soared in the premarket session following the announcement of a 25% tariff rate on heavy trucks made outside of the US, while Wayfair (W) shares tank with President Trump also announcing a 30% tariff on upholstered furniture and a 50% levy on kitchen cabinets and bathroom vanities.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Novo Nordisk (NOVOB DC) declined while its European Big Pharma peers largely traded flat after President Donald Trump announced new pharma tariffs. - Daimler Truck (DTG GY) fell on news Donald Trump’s plans include a duty on heavy truck imports. - InterContinental Hotels (IHG LN) shares climbed after receiving a double upgrade to overweight at JPMorgan.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Jabil (JBL) shares fall after the manufacturer reported results, which Vital Knowledge says show pressure on margins in the AI-exposed Intelligent Infrastructure segment. - Tesla (TSLA) shares fell as European sales of the electric vehicle giant dropped 22% in August, giving it a market share of just 1.9%. Even as consumers in Europe eschew Tesla, EV sales rose in the region in August, with hybrids as a particular bright spot. Still, Tesla was the worst performer among Bloomberg Magnificent Seven stocks. - Costco (COST) reported quarterly profit that was better than expectations, a sign that spending remains healthy as shoppers prioritize essentials and seek value. The retailer's comparable sales, excluding gas and currency fluctuations, also beat expectations, and its shares were little changed Thursday afternoon. Costco has posted strong sales growth in recent years, attracting consumers with its deals, ever-changing assortment and popular Kirkland brand, and tends to be more resilient to macroeconomic swings than other companies.See omnystudio.com/listener for privacy information.

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Matt Miller, Carol Massar and Tim Stenovec.- Intel (INTC) shares continue to rally. Investors are piling into bullish bets on Intel Corp., betting that a weeks-long rally following a string of investments from the US government, Nvidia Corp. and others will continue as the chipmaker seeks further tie-ups. Implied volatility in three-month Intel options jumped this week to the highest level since the tariff-driven selloff in US stocks in early April. But rather than protecting against a decline, investors are buying call options that will profit from further gains. - Tesla (TSLA) shares slumped. Tesla urged US environmental regulators to maintain ambitious tailpipe emissions standards that were put in place to push the industry to sell electric vehicles in larger numbers. Regulations finalized under President Joe Biden that assumed more than 50 percent of the US auto market would be composed of fully electric models by 2032 “are a lawful exercise of authority Congress provided to EPA to regulate greenhouse gases from new motor vehicles,” Tesla said in a regulatory filing posted online by the US Environmental Protection Agency on Wednesday.- Freeport-McMoRan (FCX) shares slipped on word that a halt in production at the giant Grasberg copper mine in Indonesia looks set to strain the fractious relationship between miner Freeport-McMoRan Inc. and its host nation, at a time when the Jakarta government was already looking to take greater control.Freeport declared force majeure on contracted supplies on Wednesday, two weeks after about 800,000 tons of mud flooded underground tunnels. Two workers were killed, while five more remain missing. The US-listed company slashed its production guidance, dragging its shares down 17% and pushing copper futures to the highest level in more than a year.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Tesla (TSLA) shares fell as European sales of the electric vehicle giant dropped 22% in August, giving it a market share of just 1.9%. Even as consumers in Europe eschew Tesla, EV sales rose in the region in August, with hybrids as a particular bright spot. Still, Tesla was the worst performer among Bloomberg Magnificent Seven stocks. - Intel (INTC) / Apple (AAPL) shares rise after news that Intel has approached Apple about securing an investment in the ailing chipmaker, according to people familiar with the matter, as part of efforts to bolster a business that’s now partially owned by the US government. - CarMax (KMX) shares fall after the used car retailer reported significant earnings per share and sales shortfalls for the second quarter, which Truist Financial Services analysts described as a “miss across the board” with “really nothing good to see.” Wedbush downgraded the stock to neutral.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Starbucks (SBUX) shares fall after the company said it plans to close stores and eliminate 900 jobs in a $1 billion restructuring effort under Chief Executive Officer Brian Niccol.- Intel (INTC) / Apple (AAPL) shares rise after news that Intel has approached Apple about securing an investment in the ailing chipmaker, according to people familiar with the matter, as part of efforts to bolster a business that’s now partially owned by the US government.- Lithium Americas (LAC) shares soared to the highest price since April 2024 after reports the Trump administration is pursuing a stake in the company.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Eli Lilly (LLY) shares drop after the company halted a study of an experimental drug designed to prevent obesity patients from losing too much muscle, citing strategic business reasons.- CarMax (KMX) shares fall after the used car retailer reported significant earnings per share and sales shortfalls for the second quarter, which Truist Financial Services analysts described as a “miss across the board” with “really nothing good to see.” Wedbush downgraded the stock to neutral.- Jabil (JBL) shares fall after the manufacturer reported results, which Vital Knowledge says show pressure on margins in the AI-exposed Intelligent Infrastructure segment.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Intel (INTC) shares are higher as it approached Apple about securing an investment in the ailing chipmaker, according to people familiar with the matter, as part of efforts to bolster a business that’s now partially owned by the US government. A deal with Apple would represent further validation of the chipmaker’s turnaround bid, although it’s unlikely that Apple would switch back to Intel processors in its devices.- Oracle (ORCL) is falling as Rothschild & Co Redburn initiates coverage of the software giant with a sell rating, saying the market is materially overestimating the value of the firm’s cloud revenues.- Carmax (KMX) slides after the used car retailer reported significant earnings per share and sales shortfalls for the second quarter. CarMax Auto Finance (CAF) income decreased 11.2% as an increase in the provision for loan losses outweighed growth in CAF’s net interest margin percentage. - Cipher Mining (CIFR) is higher on news Google's taking a stake int he company as part of an AI hosting deal. Google will receive warrants to buy about 24 million shares of Cipher Mining’s stock, equating to an about 5.4% pro forma equity ownership stake, as part of Cipher’s 10-year AI hosting agreement with Fluidstack.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Cipher Mining (CIFR) is higher on news Google's taking a stake in the company as part of an AI hosting deal. Google will receive warrants to buy about 24 million shares of Cipher Mining’s stock, equating to an about 5.4% pro forma equity ownership stake, as part of Cipher’s 10-year AI hosting agreement with Fluidstack. - Intel (INTC) shares are higher as it approached Apple about securing an investment in the ailing chipmaker, according to people familiar with the matter, as part of efforts to bolster a business that’s now partially owned by the US government. A deal with Apple would represent further validation of the chipmaker’s turnaround bid, although it’s unlikely that Apple would switch back to Intel processors in its devices. - Oracle (ORCL) is falling as Rothschild & Co Redburn initiates coverage of the software giant with a sell rating, saying the market is materially overestimating the value of the firm’s cloud revenues.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- H&M shares soared after the fashion retailer’s profit topped expectations, suggesting tight cost controls are helping its turnaround take hold.- Koninklijke Philips dropped on news of the Trump administration’s latest probe into imports of robotics, industrial machinery and medical devices, setting the stage for fresh duties. - Volkswagen and other German carmakers' shares gained on news the US lowered tariffs on auto imports from the EU to 15%, retroactive to August 1.See omnystudio.com/listener for privacy information.