TSMC ADRs Drop, PepsiCo Rises, Caterpillar Falls on Tariff Outlook
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Show Notes
On this episode of Stock Movers:
- TSMC (ADRs) drop after the US has revoked Taiwan Semiconductor Manufacturing Co.'s authorization to freely ship essential gear to its main Chinese chipmaking base, potentially curtailing its production capabilities at that older-generation facility.
- PepsiCo (PEP) shares rise after news that Activist investor Elliott Investment Management has built a stake of about $4 billion in PepsiCo Inc., with plans to call for changes at the struggling beverage maker.
- Caterpillar (CAT) shares fall as Wall Street analysts continue to weigh in on the construction and mining equipment manufacturer’s expectations for tariffs to have an even greater impact on its business.
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