Netflix Falls, Tyson Foods Drops, Peabody Energy Lower After Mine Fire Threatens Anglo Deal
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Show Notes
On this episode of Stock Movers:
- Netflix (NFLX) Shares fall along with other media and entertainment companies after President Donald Trump announced that he is planning a 100% tariff on films produced overseas. Analysts see risks associated with the news, though they added that there are few details.
- Tyson Foods (TSN) shares drop after the company said earnings jumped more than expected as increased profits from chicken sales outweighed another quarter of losses at the company’s beef business.
- Peabody Energy (BTU) shares drop after the company said it's considering terminating a $3.78 billion deal to acquire Anglo American Plc's steelmaking coal assets due to a fire at an Anglo mine in Australia.
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