Stock Movers

On this episode of Stock Movers:- Ulta Beauty (ULTA) shares leap as much as 16% on Friday, the most intraday since November 2020, after the cosmetics retailer boosted its earnings per share forecast for the full year. Analysts flag strong execution at the company, with Citi noting that competitive pressures from new points of distribution, like Sephora, is abating. - Cooper Cos (COO) shares slump after the contact lens maker cut its outlook for organic growth for the year even as the company reported better-than-expected results for the second quarter. The disappointing guidance spurred a downgrade at JPMorgan.- Regeneron Pharmaceuticals (REGN) shares slump after Wells Fargo Securities cut the recommendation on Regeneron Pharmaceuticals Inc. to equal-weight from overweight. The company's Sanofi-partnered COPD treatment also unexpectedly failed in a Phase 3 study.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Dell Technologies (DELL) is higher this morning after reporting a profit outlook for the year that beat analysts' estimates. The company reported a significant increase in orders for servers to run AI networks, with $12.1 billion in AI orders in the quarter ended May 2, surpassing the entirety of shipments in all of FY25. Dell expects profitability to improve in its computer and servers-and-storage businesses, and has accelerated share repurchases, which will boost profit on a per-share basis.- Gap (GPS) is sinking on a tariff warning. The company predicted a tariff impact of up to $300 million and revealed weakness at Banana Republic and Athleta. Gap warned of a $250 million to $300 million hit from tariffs, but kept its guidance stable and said it has strategies to mitigate more than half of that cost.- Costco (COST) shares nudged higher after the bell Thursday after the big-box retailer posted third quarter earnings per share that beat the average analyst estimate. The company is working well to soften tariff exposure and can gain further market share moving forward, according to some analysts. - Red Robin (RRGB) shares are soaring this morning after the burger chain reported adjusted earnings per share of 19c for the first quarter, whereas analysts were expecting a loss of 51c per share. The company also reaffirmed its adjusted Ebitda guidance for the full year.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:  - Dell Technologies (DELL) is higher this morning after reporting a profit outlook for the year that beat analysts' estimates. The company reported a significant increase in orders for servers to run AI networks, with $12.1 billion in AI orders in the quarter ended May 2, surpassing the entirety of shipments in all of FY25. Dell expects profitability to improve in its computer and servers-and-storage businesses, and has accelerated share repurchases, which will boost profit on a per-share basis.  - Gap (GPS) is sinking on a tariff warning. The company predicted a tariff impact of up to $300 million and revealed weakness at Banana Republic and Athleta. Gap warned of a $250 million to $300 million hit from tariffs, but kept its guidance stable and said it has strategies to mitigate more than half of that cost.  - Ulta (ULTA) share are higher this morning after the cosmetics retailer boosted its earnings per share forecast for the full year. Analysts flag strong execution at the company, with Citi noting that competitive pressures from new points of distribution, like Sephora, is abating.  - Costco (COST) shares nudged higher after the bell Thursday after the big-box retailer posted third quarter earnings per share that beat the average analyst estimate. The company is working well to soften tariff exposure and can gain further market share moving forward, according to some analysts. See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:   - Sanofi shares fall following mixed results of its experimental drug for a deadly lung condition.   - M&G's shares gain as much as 8.6% to reach the highest since June 2021, after Dai-ichi Life Holdings said it will acquire a 15% stake in the UK life insurer.  - Asian clothing-related stocks slip, amid broad market weakness, after Gap reported a tariff impact of as much as $300 million.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Costco Wholesale Corp. (COST) posted better-than-expected earnings in the third quarter, a sign that the nation’s largest club chain is flexing its scale and devoted following to navigate tariffs and other forces of economic turbulence. The retailer said it generated earnings per share of $4.28 for the quarter ended May 11, above what Wall Street analysts were expecting. The metric suggests that Costco is growing its business even as consumers prioritize necessities to save money.- Dell Technologies Inc. (DELL) gave a profit outlook for the year that exceeded estimates and said it had seen a significant increase in orders for servers to run AI networks. Earnings, excluding some items, will be about $9.40 a share in the fiscal year ending in January 2026, an increase from a February forecast, Texas-based Dell said Thursday in a statement. The company reiterated its sales forecast of roughly $103 billion. Analysts, on average, projected profit of $9.21 a share on revenue of $103 billion.- Red Robin (RRGB), reported adjusted earnings per share for the first quarter that beat the average analyst estimate. The burger franchise operator expects Adjusted EBITDA will be in a range of $13 million to $16 million in the second quarter of fiscal 2025. It's also forecasting comparable restaurant revenue results to include a headwind of approximately 240 basis points due to a 2024 benefit from the change in the Company's loyalty program not recurring in 2025, leading to a total decline in comparable restaurant sales of approximately 3%.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Best Buy (BBY) reduced its sales and profit outlook in response to US tariffs, sending shares lower. But in a sign of the trade war’s volatility, that forecast might soon be outdated after a US court on Wednesday struck down many of President Donald Trump’s levies. For what it’s worth, the company said comparable sales for the year will gain as much as 1%, down from a previous forecast of as much as 2%, assuming tariffs remain at current levels before any court-ordered changes. The retailer also cut its view on adjusted earnings.- Salesforce (CRM) reported signs of traction in its new AI products, but that wasn’t enough to ease investor anxieties over a long trend of slowing revenue growth. Annual recurring revenue for Salesforce’s division that includes AI-focused tools such as data organization and agents crossed $1 billion in the period ended April 30, the company said. That’s up from $900 million in the previous quarter and “points to consistent AI demand,” Anurag Rana, an analyst at Bloomberg Intelligence, wrote in a note after the results.- Uber (UBER) shares tumbled on the word that Tesla CEO Elon Musk has been testing self-driving Model Y cars on public streets in Austin. Tesla is poised to begin its long-awaited robotaxi service in Austin on June 12, according to a person familiar with the matter, a milestone in Elon Musk’s plan to reshape the company around driverless vehicles and artificial intelligence.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:-Tesla (TSLA) shares rise as the company begins its long-awaited robotaxi service in Austin on June 12th, sources tell Bloomberg. The date was discussed internally and could still change. The company this week operated a test vehicle on public roads in Austin with no one in the driver’s seat for the first time, according to the person.United Airlines (UAL) shares gain after the airline and JetBlue agreed to a partnership called the Blue Sky alliance that will allow travelers to use loyalty points and book flights across the two carriers.They'll also integrate operations in the New York City area, which would pave the way for United's return to JFK and grant JetBlue access to Newark. Best Buy (BBY) shares drop after the company reduced its sales and profit outlook for the year, and projections now reflect an assumption that tariffs stay at current levels for the rest of the year. JPMorgan analysts did say the guidance is "way better than feared"; Piper Sandler analysts note that guidance implies a rebound in margin trends in the back half of the year.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- JetBlue (JBLU) shares rise after the airline agreed to a partnership with United Airlines that will allow travelers to use loyalty points and book flights across both carriers. The partnership, called the Blue Sky alliance, will give United access to JetBlue's JFK flight slots for up to seven daily round trips starting in 2027.- Elf Beauty (ELF) shares surge after the cosmetic company agreed to acquire Hailey Bieber’s beauty brand, Rhode, for $1 billion. The company also reported fourth-quarter results, but declined to issue fiscal 2026 financial guidance. - Kohl's (KSS) shares rise after the company reported comparable sales that fell 3.9% in the three months ended May 3, slightly better than analysts' expectations. The company affirmed its full-year outlook and reported revenue of $3 billion for the quarter, roughly in line with analysts' expectations.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Nvidia (NVDA) shares are higher this morning after a positive earnings report showing it expects revenue of about $45 billion in the second fiscal quarter, despite new export restrictions costing about $8 billion in Chinese revenue. Nvidia is ramping up production of its latest semiconductor design, Blackwell, and is offering its chips as part of whole computer systems to speed up AI deployment.- Salesforce (CRM) is lower this morning despite raising its annual forecast. It's acquiring Informatica for about $8 billion to help customers implement AI tools sooner, and its fiscal first-quarter revenue increased 8% to $9.8 billion, exceeding Wall Street estimates. However, it's uncertain how it will integrate the company into - HP (HPQ) is down this morning after its profit outlook fell short of estimates and it cut its annual earnings forecast due to a weaker economy and continuing costs from US tariffs on goods from China.- Kohl's Corp. (KSS) shares are higher in the premarket as it reaffirmed its full-year outlook and reported revenue of $3 billion for the quarter, roughly in line with analysts' expectations. Kohl's is looking for a new leader after the ousting of its former CEO, Ashley Buchanan, and is currently being led by interim CEO Michael Bender.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:  - Nvidia (NVDA) shares are higher this morning after a positive earnings report showing it expects revenue of about $45 billion in the second fiscal quarter, despite new export restrictions costing about $8 billion in Chinese revenue. Nvidia is ramping up production of its latest semiconductor design, Blackwell, and is offering its chips as part of whole computer systems to speed up AI deployment.  - Salesforce (CRM) is lower this morning despite raising its annual forecast. It's acquiring Informatica for about $8 billion to help customers implement AI tools sooner, and its fiscal first-quarter revenue increased 8% to $9.8 billion, exceeding Wall Street estimates. However, it's uncertain how it will integrate the company into    - HP (HPQ) is down this morning after its profit outlook fell short of estimates and it cut its annual earnings forecast due to a weaker economy and continuing costs from US tariffs on goods from China.  - Synopsys (SNPS) share are down after its adjusted EPS missed estimates and on a report the US Commerce Department told Electronic Design Automation groups including Cadence, Synopsys and Siemens EDA to stop supplying their technology to China. That's according to the Financial Times.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:   -  Adidas and Puma shares rallied as a US court blocked many of President Trump's tariffs on imports from dozens of countries. The stocks had slumped in April on concern over tariffs on clothing items imported from Asia. - Luxury stocks including LVMH gained on hopes that the court ruling on tariffs would benefit demand for high-end goods. That was even as LVMH’s deputy chief executive officer indicated that a slump in demand for luxury items may still have some way to run.  - Auto Trader reported revenue for the full year that missed the average analyst estimate.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, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec. Air taxi maker Joby (JOBY) shares were up today on the news that Toyota invested $250 million in the company. The investment, originally expected to close in 2024, is part of Toyota’s pledge to boost its total funding in the Santa Cruz, California-based company to $894 million. The latest tranche raises Toyota’s stake to 15.3%, surpassing that of Joby Chief Executive Officer JoeBen Bevirt. A US spokesman for Toyota confirmed the payment. Joby has said it expects the second tranche from Toyota to close later this year. Vail Resorts (MTN) shares rose the most since November 2020 after the ski resort operator said Executive Chairperson Rob Katz will return to the role of chief executive officer, replacing Kirsten Lynch, who stepped down. Lynch, who is also leaving the company’s board, will remain in an advisory role, the company said Tuesday. Katz, 58, served as CEO of the ski resort operator from 2006 to 2021. Stellantis (STLA) shares moved lower after the Detroit automaker appointed its Americas head Antonio Filosa as chief executive officer, relying on an experienced company insider to turn around the automaker after former boss Carlos Tavares was forced out over slumping sales and profit. Filosa, 51, will take the helm at the maker of Jeep sport utility vehicles and Fiat cars on June 23, Stellantis said Wednesday. He was promoted to head the company’s North American operations in October as part of a broader shake-up in the waning days of Tavares’ tenure, and has been with the group for more than two decades. See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Abercrombie & Fitch (ANF) shares jumped after the retailer upped its full-year outlook, suggesting confidence in its ability to navigate the changing tariff landscape. The fashion retailer now sees full year net sales growth of 3% to 6% up from its estimate of 3% to 5% in March. This included approximately $50 million of tariff expenses. - GameStop (GME) shares fell after the company announced it bought 4,710 Bitcoin tokens. This is the video-game seller’s first Bitcoin purchase after it announced in March that it plans to add the cryptocurrency as a treasury reserve asset, following the model set out by Michael Saylor’s Strategy. At current prices, GameStop’s Bitcoin holdings are worth over $507 million.- Nvidia (NVDA), the maker of chips vital to a massive build-out of AI infrastructure, will give an earnings report after the close of US trading Wednesday that provides investors with a sense of whether that flood of spending is sustainable. While demand remains strong from Nvidia’s large US customers, the company is facing growing restrictions on shipping its technology to China. The curbs have already forced Nvidia to take a $5.5 billion write-down, and they’re clouding the chipmaker’s prospects in a critical market.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Fair Isaac Corp. (FICO) shares snap five days of losses, after Baird raised the recommendation on the credit analytics firm to outperform from neutral, saying the recent regulatory risk driven pullback returns shares to valuation that can “enable good multi-year upside.”- Abercrombie & Fitch (ANF) shares surge after the retailer raised its full-year outlook, showing confidence in navigating the changing tariff landscape. The retailer now expects full-year net sales growth of 3% to 6%, including $50 million of tariff expenses, and does not plan broad-based ticket increases.- Fannie Mae (FNMA) shares rise after President Donald Trump said that the US government would retain guarantees and an oversight role over Fannie Mae and Freddie Mac even as he pursues a public offering for the mortgage giants.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Macy's (M) shares rise after the company posted better-than-expected quarterly results, with comparable-store sales falling less than analysts had anticipated and revenue of $4.6 billion surpassing the average estimate. The company maintained its sales outlook for the current year, despite new tariffs and moderation in consumer discretionary spending, and anticipates "modest" price increases.- Abercrombie & Fitch (ANF) shares surge after the retailer raised its full-year outlook, showing confidence in navigating the changing tariff landscape. The retailer now expects full-year net sales growth of 3% to 6%, including $50 million of tariff expenses, and does not plan broad-based ticket increases.- Vail Resorts (MTN) shares gain after the company said Executive Chairperson Rob Katz will return to the role of chief executive officer, replacing Kirsten Lynch, who stepped down. The company, based in Broomfield, Colorado, also reaffirmed financial guidance shared in April.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: Macy’s (M) posted better-than-expected quarterly results — a sign the department-store operator’s strategy of focusing on its best-performing locations is starting to pay off despite weakening consumer sentiment and tariff volatility.Comparable-store sales in the fiscal quarter ended May 3 fell less than analysts had anticipated, the company reported on Wednesday, while revenue of $4.6 billion in the period also surpassed the average estimate. - Abercrombie & Fitch (ANF) shares rose sharply in premarket trading Wednesday after the retailer upped its full-year outlook, suggesting the retailer is confident in its ability to navigate the changing tariff landscape.The fashion retailer now sees full year net sales growth of 3% to 6% up from its estimate of 3% to 5% in March. This included approximately $50 million of tariff expenses.Comparable sales for the Abercrombie namesake brand fell 10% in the quarter ending May 3, a bigger drop than analysts were anticipating, the New Albany, Ohio-based company said. Hollister brand comparable sales were up 23%, far surpassing expectations. - Okta (OKTA)shares are down 12% in premarket trading, after the cybersecurity company gave a weaker-than-expected outlook for second-quarter current remaining performance obligation. Analysts see the forecast as conservative. - Vail Resorts (MTN) shares jump 11% in US premarket trading after the operator of ski resorts reappointed Rob Katz as CEO, succeeding Kirsten Lynch, and reaffirmed its fiscal 2025 guidance. Analysts see the leadership change as positive, with JPMorgan upgrading its rating on the stock.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:  - Macy's (M) posted better-than-expected quarterly results — a sign the department-store operator’s strategy of focusing on its best-performing locations is starting to pay off despite weakening consumer sentiment and tariff volatility. Comparable-store sales in the fiscal quarter ended May 3 fell less than analysts had anticipated, the company reported on Wednesday, while revenue of $4.6 billion in the period also surpassed the average estimate. - Stellantis NV (STLA) appointed its Americas head Antonio Filosa as chief executive officer, relying on an experienced company insider to turn around the automaker after former boss Carlos Tavares was forced out over slumping sales and profit. Filosa, 51, will take the helm at the maker of Jeep sport utility vehicles and Fiat cars on June 23, Stellantis said Wednesday. He was promoted to head the company’s North American operations in October as part of a broader shake-up in the waning days of Tavares’ tenure, and has been with the group for more than two decades. - Honeywell International Inc. (HON) agreed to cooperate with Elliott Investment Management and add a member of the activist shareholder to its board as the industrial firm prepares to split into three companies. Honeywell named Marc Steinberg, a partner at Elliott, as an independent director and audit committee member, the Charlotte, North Carolina-based manufacturer said in a statement on Wednesday. The appointment is effective May 31.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Stellantis appointed its Americas head Antonio Filosa as chief executive officer, relying on an experienced company insider to turn around the automaker after former boss Carlos Tavares was forced out over slumping sales and profit. - Soitec shares plunge as much as 26% after the company withdrew its guidance for 2026 and its medium-term revenue and Ebitda margin targets, citing reduced visibility and market uncertainties. -  Kingfisher shares drop as much as 5.4%, the most in two months, after the DIY retailer left investors disappointed by not upgrading its annual profit guidance, according to analysts, despite better weather in the UK helping like-for-like sales to come in ahead of expectations in the first quarter.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- OKTA: Okta shares fell in postmarket trading after the cybersecurity company’s second-quarter forecast for current remaining performance obligation fell short of the average analyst estimate. Okta's muted growth view of 10-11% for current remaining performance obligations in fiscal 2Q26 implies a sharp deceleration from its 1Q results and could be due to a longer sales cycle, even with the company's expanded product suite and exposure to demand for identity security in AI-agent deployments, according to Bloomberg Intelligence.- MTN: Vail Resorts shares jumped in extended trading after the operator of ski resorts said it reappointed Rob Katz as CEO, succeeding Kirsten Lynch, who has stepped down from the role. The company also reaffirmed its fiscal 2025 guidance. Katz will continue to serve as the chairperson of the board, which comprises 11 directors, according to a press release.- TSLA: Tesla Inc.’s inroads in self-driving, robots and home energy systems is keeping Baillie Gifford invested in Elon Musk’s company, even after trimming its stake substantially, a director at the Scottish asset manager said. “Our holding in Tesla has not vanished completely. It’s smaller than it has been, but it’s a company that we’ll continue to watch,” Hamish Maxwell, a director and analyst with Baillie Gifford’s Scottish Mortgage Investment Trust said Tuesday in an interview.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, Alix Steel, Carol Massar and Tim Stenovec.On this episode of Stock Movers: -- US Steel (X) is coming off its surge on Friday after President Trump said the US would have control over the company as part of its partnership with Nippon Steel. US Steel is backing the president's move and reaffirming its commitment to the Nippon Partnership-- (PDD) Shares of Temu owner PDD Holdings Inc. plunged in US trading after its quarterly sales and profit missed estimates, underscoring how trade tensions between Beijing and Washington are taking a toll on its business. Revenue for the March quarter was 95.7 billion yuan ($13.3 billion), falling short of the average analyst estimate of 101.6 billion yuan. Net income totaled 14.7 billion yuan, while analysts had expected 25.7 billion yuan. PDD’s US depositary receipts tumbled in New York on Tuesday after markets opened.--Vertical Aerospace (EVTL) shares rise as much as 6.9% after the aerospace and technology company says it has made “European aviation history with the first-ever” piloted flight of a winged electric vertical take-off and landing (eVTOL) aircraft in open airspace.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:PDD: Shares of Temu owner PDD Holdings Inc. plunged in US trading after its quarterly sales and profit missed estimates, underscoring how trade tensions between Beijing and Washington are taking a toll on its business. Revenue for the March quarter was 95.7 billion yuan ($13.3 billion), falling short of the average analyst estimate of 101.6 billion yuan. Net income totaled 14.7 billion yuan, while analysts had expected 25.7 billion yuan. PDD’s US depositary receipts tumbled in New York on Tuesday after markets opened. DJT: Trump Media & Technology Group Corp., the company behind Truth Social, agreed to sell around $1.5 billion in stock and $1 billion in convertible bonds to buy Bitcoin for its treasury. The company’s shares fell Tuesday after rallying premarket following a Financial Times report on its plans to raise capital to spend on cryptocurrencies. AAPL: Shares of Apple Inc. rose following their longest selloff in more than three years, as escalating attacks from the White House threaten to further erode the company’s profit outlook, suggesting the stock’s struggles this year are far from over.President Donald Trump on Friday threatened to levy a 25% tariff on the company’s products if it doesn’t shift iPhone production to the US. Shares fell 3% to end the week, their eighth straight negative session, the longest such selloff since January 2022. The stock rose 1.7% on Tuesday.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- AMD shares rise after HSBC upgraded the chipmaker to hold from reduce. Analyst Frank Lee cites “the recent re-rating on the back of the Saudi AI deal, as well as tariff de-escalation.” Earlier this month, it struck a deal with Sanmina, which will buy AMD's AI server assembly plants that deal is worth as much as $3 billion.- Apple rebounds after a lengthy selloff as analysts continued to digest the impact of the Trump administration’s tariff policies. On Friday, President Donald Trump threatened a 25% tariff on Apple if it doesn’t shift iPhone production to the US.- GM shares gain as its financing arm is out with a multi-tranche bond deal today after selling more than $2 billion of notes three months ago. Bloomberg Intelligence cites a recent study by CarEdge study that shows roughly 65% of potential new-car buyers would walk away from the market entirely if monthly payments rose just 5%.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Salesforce shares fall after the company agreed to acquire Informatica for about $8 billion. It’s one of Salesforce’s biggest acquisitions and adds to over $800 billion of North American deals so far in 2025, more than a 23% increase from a year ago. - Southwest Airlines shares rise after the airline said it will charge $35 for an initial checked bag and $45 for the second starting May 28. This ends one of the long-held policies that had set the carrier apart from rivals in the US industry for decades.- Broadcom shares rise ahead of its earnings report next week. Its revenue diversity and cash flow boosts its relative value appeal versus its peers in the sector, according to Bloomberg Intelligence’s Robert Schiffman.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Salesforce (CRM) shares are higher this morning despite moving to acquire daata-management software firm Informatica (INFA), which is also rallying on the WSJ report. Sources tell the Journal that Salesforce is expected to pay $25 per share for Informatica, and beat out multiple other strategic and private-equity suitors.- Trump Media & Technology Group (DJT) is moving higher this morning on a Financial Times report that the company's planning to raise $3 billion to buy cryptocurrencies. The report says the company of President Trump's family is looking to issue $2 million in stock and $1 billion through convertible bonds.- US Steel (X) is coming off its surge on Friday after President Trump said the US would have control over the company as part of its partnership with Nippon Steel. US Steel is backing the president's move and reaffirming its commitment to the Nippon Partnership.- PPD Inc. (PPD) is lower after the budget shopping site reported the lowest adjusted operating margin in three years.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Salesforce (CRM) shares are higher this morning despite moving to acquire data-management software firm Informatica (INFA), which is also rallying on the WSJ report. Sources tell the Journal that Salesforce is expected to pay $25 per share for Informatica, and beat out multiple other strategic and private-equity suitors.- Trump Media & Technology Group (DJT) is moving higher this morning on a Financial Times report that the company's planning to raise $3 billion to buy cryptocurrencies. The report says the company of President Trump's family is looking to issue $2 million in stock and $1 billion through convertible bonds.- Newmont (NEM) is one of the few early downside movers, echoing the macro gold trade lower. Despite gold's rally for much of the year, there's a broad risk on trade this morning that's leading stocks tied to gold and gold mining lower.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - NATO Secretary General Mark Rutte confirmed the alliance will seek to adopt a new defense spending target of 5% of GDP at a June summit, meeting a demand by US President Donald Trump that had originally seemed unrealistic.- LVMH’s hold rating is reiterated at HSBC, which trims its price target to €525 from €575. The bank advises its clients to “curb your enthusiasm, one more time” as key luxury-sector markets remain under pressure.-  HSBC has culled more than two dozen analysts in recent days as Europe’s largest lender deepens a restructuring of its investment banking businesses, according to people familiar with the matter.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Moderna (MRNA), along with shares of other vaccine developers like Novavax (NVAX) rose this week after hearing the FDA's approach for the path forward on Covid shots. Moderna jumped as much as 15% on Tuesday after the FDA outlined guidance that was received as "better than expected", and may contain a silver lining, according to Bloomberg Intelligence analyst Sam Fazeli. “The guidance, coming from two critics of the booster program, may actually increase the uptake of shots in the general US population given many have co-morbidities,” Fazeli writes in a note. The FDA's new policy doesn’t require the companies to do costly new trials to keep selling Covid vaccines for older adults who are more likely to get vaccinated. It also doesn’t require additional studies to sell the shots to those with underlying health risks — a group that represents between 100 million and 200 million Americans, including those who are obese and have mental health conditions like depression.  - Dollar General (DLTR) shares rose after Walmart said it will raise prices to combat tariff-related headwinds. Investors think this move could send Walmart shoppers to dollar stores to seek cheaper prices. “If you’ve not already seen it, it will happen in May and then it will become more pronounced,” Walmart CFO John David Rainey said of potential price hikes in an interview. The range of outcomes is “pretty extreme,” Rainey said, adding that the company is bracing for a bigger hit from the trade war and overall economic malaise in the coming months.  - Deckers Outdoors (DECK) shares tumbled as much as 24% during trading on Friday, the most intraday since March 2020 after the owner of Hoka running shoes and Ugg boots provided a disappointing fiscal first-quarter forecast. The company also declined to provide full-year guidance due to the current macro uncertainty. The results from Deckers, along with President Trump’s EU tariff threat, drives the S&P 1500 Footwear Index (S15FOOT) down as much as 6.1%, the worst intraday drop since April 10.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, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec.- US Steel (X) surged after President Donald Trump backed a partnership between the company and Japan’s Nippon Steel, crediting his tariff policies for an investment that would keep the iconic American firm in the US. While Trump appeared to stop short of endorsing Nippon Steel’s proposed $14.1 billion takeover of US Steel, shares of the American steelmaker surged as much as 26%, on apparent optimism over the deal’s prospects. “I am proud to announce that, after much consideration and negotiation, US Steel will REMAIN in America, and keep its Headquarters in the Great City of Pittsburgh,” Trump said on Truth Social on Friday. “My Tariff Policies will ensure that Steel will once again be, forever, MADE IN AMERICA.” Trump said the partnership would create at least 70,000 jobs and add $14 billion to the US economy, with the bulk of the investment occurring in the next 14 months. He also said he would appear at an event on May 30 in Pittsburgh.- Informatica (INFA) rose on the word that Salesforce (CRM) is in talks to acquire the software company, rebooting a pursuit that fell through last year, people familiar with the matter said. If a deal is reached, it could be announced as soon as next week, according to the people, who asked to not be identified because the discussions are private. No final decision has been made and talks may still falter or another buyer could emerge, they said. Cloud Software Group has been interested in the asset too, the people said. Shares in Informatica rose as much as 28% on Friday for their biggest intraday gain. Salesforce shares closed lower.- Booz Allen Hamilton (BAH) shares slumped as much as 19%, the most intraday since 2017, after the defense contractor's forecast fiscal 2026 profit that missed estimates. Management also sees much smaller revenue growth compared to fiscal 2025.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:  - Apple (AAPL) shares are lower as the iPhone maker faces escalating pressure from President Donald Trump to do what many analysts insist would be nearly impossible: move production of its iconic iPhone to the US from overseas. Trump on Friday threatened Apple with a tariff of at least 25% if it doesn’t manufacture its flagship product line in the US, his starkest demand yet for the tech giant to commit to more domestic assembly. The warning came days after a Tuesday meeting between the president and Apple Chief Executive Officer Tim Cook at the White House, a US official said. “I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,” Trump said in a post on Truth Social on Friday. “If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S.” - Intuit (INTU) ripped higher on after the company posted strong revenue growth following the end of the US tax season, suggesting the financial software company is finding success offering users more expensive services. Fiscal third-quarter revenue increased 15% to $7.8 billion, the company said Thursday in a statement. Analysts, on average, estimated $7.6 billion, according to data compiled by Bloomberg. The period that ended April 30 — including tax season — is the most critical for the maker of TurboTax and other finance software. Profit, excluding some items, was $11.65 a share, compared with analysts’ average projection of $10.96. - Deckers Outdoor (DECK) shares tumbled as much as 24%, the most intraday since March 2020, after the owner of Hoka running shoes and Ugg boots provided a disappointing fiscal first-quarter forecast. The company also declined to provide full-year guidance due to the current macro uncertainty.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Ross shares drop after second-quarter earnings per share forecast missed the average analyst estimate. The company also withdrew its full-year sales and earnings guidance, citing heightened macroeconomic and geopolitical uncertainty.- Nike shares drop. Bloomberg Intelligence's tariff tracker shows Nike among the most affected companies. Just yesterday, shares were up after the company returned to Amazon.com’s online store following an absence since 2019. 50% of all Nike shoes and 28% of its apparel production in 2024 came from factories in Vietnam. China accounted for 16% the company’s apparel and Cambodia was responsible for making 15%- Seagate shares rise after the computer hardware and storage company hosted an upbeat investor day event. It set targets for period through fiscal 2028, including 40% adjusted gross margin with further expansion opportunity. The company also plans to buy back up to $5 billion of shares.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:-Apple shares drop after President Trump threatened a 25% levy on Apple if the tech giant failed to move iPhone manufacturing to the US. Analysts at Wedbush estimate that such tariffs translate into iPhone prices of ~$3,500/-Deckers shares drop as Owns Ugg boots and Hoka running shoes provided a disappointing fiscal first-quarter forecast. Management also declined to provide full-year guidance due to macro uncertainty related to evolving global trade policies.-Intuit shares rise after the tax-preparation software company reported third-quarter results that beat expectations and raised its full-year forecast. BMO analysts say they remain supportive given more AI-fueled innovation launching in the coming weeks.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Apple (APPL) shares are taking a hit in the premarket - Deckers (DECK) shares are declining after the maker of Hoka running shoes and UGG boots provided a disappointing fiscal 1Q forecast. Management also declined to provide full-year guidance due to macro uncertainty related to evolving global trade policies.- Ross Stores (ROST) is down this morning after the retailer’s second-quarter earnings per share forecast missed the average analyst estimate. The company also withdrew its full-year sales and earnings guidance, citing heightened macroeconomic and geopolitical uncertainty.- Intuit (INTU) shares are higher in extended trading, after the tax-preparation software company reported third-quarter results that beat expectations and raised its full-year forecast.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Oklo (OKLO) is higher along with other nuclear power stocks after Reuters reported that President Donald Trump will sign executive orders that aim to jumpstart the industry by easing the regulatory process on approvals for new reactors and strengthening fuel supply chains.   - Intuit (INTU) shares are higher in extended trading, after the tax-preparation software company reported third-quarter results that beat expectations and raised its full-year forecast. - Deckers (DECK) shares are declining after the maker of Hoka running shoes and UGG boots provided a disappointing fiscal 1Q forecast. Management also declined to provide full-year guidance due to macro uncertainty related to evolving global trade policies. - Ross Stores (ROST) is down this morning after the retailer’s second-quarter earnings per share forecast missed the average analyst estimate. The company also withdrew its full-year sales and earnings guidance, citing heightened macroeconomic and geopolitical uncertainty.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- AJ Bell shares jump as much as 10%, the most in a year, after the investment platform beat expectations in the first half and said annual results should come in above guidance. Shares are now trading at their highest level since December.- Games Workshop shares fall as much as 4.1%, slipping further from a recent record high, after the maker of the Warhammer tabletop game gave a trading update, with analysts pointing to a sparser games release slate for next year and several headwinds, including tariffs.-  Hexagon AB is considering a multibillion-dollar sale of its computer-aided engineering simulation software business, people familiar with the matter said, as part of the Swedish firm’s efforts to streamline its operations.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Hinge Health (HNGE) shares rose 17% after the digital physical therapy provider and a group of investors raised $437 million in an initial public offering priced at the top of a marketed range. Shares in the San Francisco-based company closed at $37.56 each on Thursday in New York, versus the IPO price of $32 apiece. The level at the close gives Hinge Health a market value of about $2.9 billion based on the outstanding shares listed in its filings, not including preferred stock that could convert to common shares. It has a fully diluted value of about $3.4 billion when taking employee options and restricted share units into account.- MNTN Inc. (MNTN) shares climbed 65% after the company and some of its shareholders raised $187 million in an initial public offering. Shares in the Austin-based company closed at $26.36 each on Thursday in New York, above the IPO price of $16 per share, the top of the marketed range. Trading was briefly halted for volatility after the open. The trading gives MNTN a market value of $2 billion based on the outstanding shares listed in its filings. Accounting for employee stock options and restricted stock units, the company has a fully diluted value of about $2.7 billion.- United Airlines (UAL) shares are up after Chief Executive Officer Scott Kirby told shareholders that the carrier is seeing “at least a stable revenue and booking environment” heading into the Memorial Day weekend and start of the summer travel season. Kirby’s comments at the airline’s annual shareholder meeting excluded the impact of flight disruptions and air traffic control problems at the airline’s hub in Newark.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, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec. Palantir (PLTR) shares were higher on reports it got a boost to an existing defense contract the AI firm already has with the US government. Advance Auto Parts (AAP) shares soared as high as 44%, a record intraday gain after the auto-parts retailer reported comparable sales that fell less than expected in the first quarter.  Urban Outfitters (URBN) saw shares rise over 20% in trading, marking its biggest intraday rise since November of 2020 after the apparel retailer reported net sales for the first quarter that beat the average analyst estimate. See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Sunrun (RUN) shares drop. Investors of clean-power stocks are running for the exits after a massive tax and spending bill that would gut former President Joe Biden’s landmark climate law narrowly passed the House of Representatives.- Hims & Hers (HIMS) slump after Cigna said its drug benefit unit will cap out-of-pocket costs for weight-loss drugs at $200 a month for patients — posing a cheaper cash-pay alternative to the telehealth’s offerings.- Williams-Sonoma (WSM) shares slump as Wall Street questioned the home furnishing retailer’s reaffirmed full-year net revenue guidance given its significant first-quarter beat. Bloomberg Intelligence considers the outlook to be conservative, while Evercore says it suggests the quarter benefitted from pre-buys ahead of tariffs.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- TD Bank (TD US) shares rise after the firm announced plans to cut its workforce by about 2% as part of a new restructuring plan it initiated in 2Q. It's designed to reduce its cost base and achieve greater efficiency.- Snowflake (SNOW) shares gain after the software developer forecasted product revenue for the second quarter above the average analyst estimate. That bump, comes despite an uncertain economic environment.- Galaxy Digital (GLXY) shares rise gained after Bitcoin hit an all-time high. The world’s largest cryptocurrency reached a record price of $111,878 on Thursday amid growing optimism around the US stablecoin bill.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Snowflake (SNOW) shares are higher after giving a strong outlook for quarterly sales, with product revenue expected to increase about 25% to as much as $1.04 billion in the quarter ending in July. The company raised its full-year forecast for product revenue to about $4.33 billion, despite an uncertain economic environment, and its shares gained 9.9% in premarket trading.- Urban Outfitters (URBN) jumped after the apparel retailer reported net sales for the first quarter that beat the average analyst estimate. Analysts note strength in its namesake UO brand and are positive about the retailer’s margin expansion. Analysts note strength in its namesake UO brand and are positive about the retailer’s margin expansion. - AT&T (T) shares are on the move this morning on news it agreed to buy the consumer fiber operations of Lumen Technologies Inc. for $5.75 billion, expanding its fast broadband service in major cities. The deal is subject to regulatory approval and is expected to close in the first half of next year, helping AT&T reach its goal of putting its fiber-optic lines within reach of 60 million locations by 2030.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- EasyJet said efforts to renew its fleet are being held back by a slow delivery pace of new aircraft as manufacturers continue to face challenges with their supply chain.- Shares in Manchester United slipped 6.1% in extended trading following the high-stakes game in Bilbao, Spain last night. Tottenham won the game 1-0, meaning Manchester United will not qualify for any European competition next season — which is likely to affect income streams negatively-  BT said earnings this year will be little changed, in line with analysts’ estimates, as the UK telecommunications company faces increasing competition in its home market.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Lowes (LOW) shares slipped even though comparable sales beat expectations during the latest quarter, as shoppers maintained home spending despite weakening consumer sentiment and economic turbulence. The home-improvement retailer said its comparable sales dipped 1.7% in the quarter that ended May 2, but it still expects the key sales metric to be flat to up to 1% in the current year. The comparable sales decrease came amid poor weather in February, along with continued pressure on the retailer’s higher-cost discretionary sales and do-it-yourself business, Chief Executive Officer Marvin Ellison said on the company’s earnings call. The decrease was offset in part by growth in online sales and the firm’s Pro business, which caters to home-improvement contractors. - Moderna (MRNA) slumped after the biotechnology company said it has “voluntarily” withdrawn its application for regulatory approval for its combination Covid and flu shot for people 50 and over, a setback for the company. Moderna said it made the decision after consulting with the Food and Drug Administration. It plans to resubmit the application later this year after getting more data from a late-stage trial of its standalone flu vaccine, it said in a statement Wednesday. The move is a disruption to Moderna’s broader strategy to boost vaccine demand. It developed the combination shot because it believes that packaging two immunizations together will lead to higher uptake of Covid shots, which are far less popular than flu shots.- VF Corp. (VFC) shares fell after forecasting a bigger-than-expected loss and warning investors it’s been rushing products to the US to beat the 90-day window of tariff pauses from the Trump administration. The owner of brands such as Timberland and Vans sees an operating loss of as much as $125 million for this quarter. Analysts on average expected a loss of $73.1 million. The company said it’s been accelerating production and shipments to the US during the pause on tariffs, which ends in July. That could increase costs even more for VF and the retailers that buy its products.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, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec. Alphabet (GOOGL) shares gained after the company said it will offer “AI mode” in search to all US users, showing its commitment to redesigning its core business to keep pace with new rivals in the artificial intelligence age. “We want to get our best models into your hands,” Chief Executive Officer Sundar Pichai said Tuesday at the company’s developer conference in Mountain View, California. “So we are shipping faster than ever.” Alphabet’s stock rose much as 5.6% on Wednesday after some analysts expressed confidence that the company can reorient its search product. Apple (AAPL) shares slumped on the news that OpenAI will acquire an AI device startup co-founded by former Apple veteran Jony Ive in a nearly $6.5 billion all-stock deal, joining forces with the legendary designer to make a push into hardware. The purchase — the largest in OpenAI’s history — will provide the company with a dedicated unit for developing AI-powered devices. Acquiring the secretive startup, named io, also will secure the services of Ive and other former Apple designers who were behind iconic products such as the iPhone. For the British-born designer, the move marks a high-profile return to a consumer technology industry he helped pioneer. Working for years alongside Steve Jobs, he crafted the look and feel of the modern smartphone, in addition to the iPod, iPad and Apple Watch. He left Apple in 2019. Target (TGT) shares fell today after it cut its sales forecast following a sharp pullback in consumer spending and a hit from tariffs and boycotts. The report raised questions over CEO Brian Cornell’s ability to recapture growth after two years of choppy results — especially as economic turbulence is growing. “It’s a great brand. It’s actually a great company. It just looks to us like it needs a new leadership,” said Bill Smead, chief investment officer of Smead Capital Management, which has owned the stock since 2017.Target’s current management has struggled to navigate through cultural and political landscapes, Smead said, referring to the backlash around its Pride collection in 2023 and boycott calls after the company decided to halt diversity initiatives this year. See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - UnitedHealth (UNH) shares plunged today after the Guardian reported that the health insurer secretly paid nursing homes to reduce hospital transfers for ailing residents. Nursing home residents who needed immediate hospital care under the program failed to receive it, after interventions from UnitedHealth staffers, the Guardian reported. In the report, UnitedHealth told the Guardian that the suggestion that its employees have prevented hospital transfers “is verifiably false” and that its bonus payments to nursing homes help prevent unnecessary hospitalizations. - Canada Goose (GOOS) shares are up after the outerwear maker reported fiscal fourth quarter revenue and adjusted earnings per share that beat analyst estimates. The company said it would not provide an outlook for fiscal 2026, citing “ongoing macroeconomic uncertainty and dynamic consumer spending patterns brought on by the unpredictable global trade environment.”- Target (TGT) shares fell as the company missed its first quarter revenue estimates. Now the pressure is growing on Target's chief executive officer after the retailer cut its sales forecast following a sharp pullback in consumer spending and a hit from tariffs and boycotts. The report sent shares falling and raised questions over Brian Cornell’s ability to recapture growth after two years of choppy results — especially as economic turbulence is growing. “It’s a great brand. It’s actually a great company. It just looks to us like it needs a new leadership,” said Bill Smead, chief investment officer of Smead Capital Management, which has owned the stock since 2017.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Target (TGT) shares fall after the company cut its sales forecast due to a sharp pullback in spending, tariffs, boycotts, and consumer confidence, with net sales expected to decline by a low single digit this year. - Palo Alto Networks (PANW) shares drop after the infrastructure software company reported its fiscal third-quarter results and gave an outlook that failed to fully ease growth concerns. However, analysts remain broadly positive on its long-term potential. - Take-Two Interactive (TTWO) shares are lower after the company announced plans to sell $1 billion of new stock to investors. The New York-based video-game maker plans to use the proceeds for general corporate purposes, including repayment of debt and future acquisitions, according to a statement Tuesday. The company declined to comment further on the sale.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - UnitedHealth (UNH) shares sink after the Guardian reported that the health insurer secretly paid nursing homes to reduce hospital transfers for ailing residents. Nursing home residents who needed immediate hospital care under the program failed to receive it, after interventions from UnitedHealth staffers, the Guardian reported. - Canada Goose (GOOS) shares jump after the outerwear maker reported fiscal fourth quarter revenue and adjusted earnings per share that beat analyst estimates. The company said it would not provide an outlook for fiscal 2026, citing “ongoing macroeconomic uncertainty and dynamic consumer spending patterns brought on by the unpredictable global trade environment.” - Lowe's (LOW) shares rise after comparable sales beat expectations in the latest quarter, despite a 1.7% dip. The results suggest that US consumers have maintained home spending despite economic turbulence, with many deferring big projects due to high interest rates but pursuing smaller ones.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Target (TGT) shares are lower this morning after the company cut its sales forecast due to a weaker-than-expected quarter, with comparable sales dropping 3.8% and net sales expected to decline by a low single digit this year. he company is taking steps to drive traffic back into its stores and website, including management reshuffles, a new "multiyear acceleration office", and a focus on offering new items and key products at a good value.- Lowe's (LOW) moved upwards this morning after comparable sales beat expectations in the latest quarter, despite a 1.7% dip, and the company expects the key sales metric to be flat to up 1% this year. The results suggest that US consumers have maintained home spending despite economic turbulence, with many deferring big projects due to high interest rates but pursuing smaller ones.- TJX (TJX), the parent of T.J. Maxx and other retailers, saw shares fa;; after the company's guidance missed average analyst estimates for the second quarter. It posted a profit of $1.04 billion for fiscal first quarter, which is down slightly from $1.07 billion in the same quarter last year.- UnitedHealth Group (UNH) is on the downswing today amid another bad press report. The Guardian reported that the health insurer secretly paid nursing homes to reduce hospital transfers for ailing residents.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Target (TGT) shares are lower this morning after the company cut its sales forecast due to a weaker-than-expected quarter, with comparable sales dropping 3.8% and net sales expected to decline by a low single digit this year. he company is taking steps to drive traffic back into its stores and website, including management reshuffles, a new "multiyear acceleration office", and a focus on offering new items and key products at a good value.- Lowe's (LOW) moved upwards this morning after comparable sales beat expectations in the latest quarter, despite a 1.7% dip, and the company expects the key sales metric to be flat to up 1% this year. The results suggest that US consumers have maintained home spending despite economic turbulence, with many deferring big projects due to high interest rates but pursuing smaller ones.- Home Depot (HD) is following Lowe's higher as earnings from the rival DIY retailer drive the sector higher. President Trump's tariffs are expected to create challenges for the sector, with prices of goods expected to rise, and the home category is especially vulnerable to tariffs due to overseas sourcing and discretionary demand.- UnitedHealth Group (UNH) is on the downswing today amid another bad press report. The Guardian reported that the health insurer secretly paid nursing homes to reduce hospital transfers for ailing residents.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- JD Sports shares slide as much as 13%, the most since January, after the British sports retailer said like-for-like sales fell 2% in its fiscal 1Q, driven by a decline in North America- Marks & Spencer is facing a £300 million ($403 million) hit to operating profit this fiscal year from a cyberattack that’s still disrupting the company’s sales and operations.- UK stocks including housebuilders: Persimmon, Taylor Wimpey, Barratt Redrow, Berkeley Group, Bellway and Crest Nicholson are in focus today after inflation rose to its highest rate in more than a year, pushing FTSE 100 futures lower.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Airbnb (ABNB) shares fell after a New York Times article said that the Spanish government ordered the company to remove almost 66,000 listings from its platform. The move widens a “crackdown on tourist rentals as it seeks to alleviate a housing crisis that has become among the worst in Europe,” the New York Times said. Airbnb said in a statement that it would continue to appeal all decisions linked to the case, according to the article; a company spokesperson said the listings would be kept up until the appeal made its way through the courts- Moderna (MRNA) stock rose on news that US regulators will no longer approve Covid booster shots for healthy adults and children without new studies. The new rule adds a costly requirement for drugmakers, though boosters will still be available for millions of high-risk Americans. Food and Drug Administration Commissioner Marty Makary and Vinay Prasad, who leads the agency’s vaccine division, outlined the approach they intend to take with updated versions of the immunizations in an article published Tuesday in the New England Journal of Medicine. The agency’s willingness to continue making the shots available for high-risk people with a wide range of health conditions was a relief to the industry, which feared a wave of restrictions from President Donald Trump’s political appointees who questioned the vaccines. Investors were buoyed as the new policy doesn’t require the costly trials for older adults who are more likely to get vaccinated. - Amer Sports (AS) shares hit a record high as the maker of Wilson tennis rackets and Salomon ski boots boosted its adjusted profit forecast for the full year and reported first-quarter results that topped expectations.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- D-Wave Quantum (QBTS) shares are soaring as the company released its latest quantum computing system. The quantum computer is known as Advantage 2. The company said that this new type of computer can solve complex problems beyond the reach of classical computers. - Victoria's Secret (VSCO) shares are up as the company announced a shareholder rights plan after an investor began acquiring a substantial amount of stock in the lingerie retailer. BBRC International Pte Limited, an entity controlled by Brett Blundy, has increased its position to about 13% of outstanding shares and has a history of acquiring controlling interests in retailers, Victoria’s Secret said in a statement. The plan, which is often called a poison pill, will issue one right for each share at the close of business on May 29 and be triggered if an investor acquires 15% of outstanding common stock. It wasn’t adopted in response to a proposal to acquire control of the company, Victoria’s Secret said.- Amer Sports (AS) shares climbed as much as 21%, the most ever, and to a record high, after the maker of Wilson tennis rackets and Salomon ski boots boosted its adjusted profit forecast for the full year and reported first-quarter results that topped expectations.See omnystudio.com/listener for privacy information.