Check out the companies making headlines in midday trading: Drugmakers — Pharmaceutical stocks bounced back from earlier losses after an executive order aimed at bringing down drug prices was deemed not as bad as feared for the industry. Merck jumped 5%, while Pfizer , Bristol-Myers Squibb and Eli Lilly all rose more than 2%. However, pharmacy chain CVS Health tumbled 5% as part of the order called for a platform that allowed Americans to buy products directly from manufacturers. Tech stocks — Shares of megacap technology companies saw a broad rally on Monday after the U.S. and China agreed to…
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Some stocks could see massive gains as a result of a trade agreement between the U.S. and China. On Monday, both countries agreed to temporarily slash tariffs on each other’s goods for 90 days. The deal brings China’s tariffs on U.S. imports down to 10% from 125%. Meanwhile, the U.S. tariff rate, which includes additional 20% levies on imports related to the U.S. fentanyl crisis , will now sit at 30%. Treasury Secretary Scott Bessent said on CNBC’s ” Squawk Box ” on Monday that the U.S. and China are likely to meet again ” in the next few weeks…
The 2026 Cadillac Vistiq EV.CadillacDETROIT – General Motors has hired Sterling Anderson, a former Tesla executive and cofounder of autonomous vehicle company Aurora Innovation, as its chief product officer.In the newly created position, Anderson will oversee the “end-to-end product lifecycle for both gas- and electric-powered vehicles, including hardware, software, services, and user experience,” GM said on Monday.Anderson, who worked at Tesla for two years before forming Aurora in 2017, will start with the Detroit automaker on June 2. He will report to GM President Mark Reuss, who’s been the automaker’s longtime product head, or resident “car guy.”Anderson is the latest…
U.S. Air Force One upon arrival at the at Fiumicino Airport on April 25, 2025 in Rome, Italy. Marco Mantovani | Getty Images News | Getty ImagesPresident Donald Trump on Monday said Qatar had made a “very nice gesture” in offering the U.S. a 747 jet to act as Air Force One, blaming the need for any such donation on delays at U.S. manufacturer Boeing.”I think what happened with the plane is that we’re very disappointed that it’s taken Boeing so long to build a new Air Force One, we have an Air Force One that’s 40 years old,” Trump…
Apple CEO Tim Cook, center, watches during the inauguration ceremonies for President Donald Trump, right, and Vice President JD Vance, left, in the rotunda of the U.S. Capitol in Washington, Jan. 20, 2025.Shawn Thew | Afp | Getty ImagesPresident Donald Trump said Monday that he talked to Apple CEO Tim Cook after the U.S. and China agreed to suspend most tariffs for 90 days.Wall Street and Apple investors cheered the pause on Chinese tariffs. Apple stock was up 6% in trading on Monday, versus 3% for the Nasdaq.”I spoke to Tim Cook this morning, and he’s going to, I think,…
European leaders stepped up pressure on Russia to accept an unconditional cease-fire in Ukraine, threatening to immediately impose a new round of punishing sanctions if the Kremlin did not change its stance by the end of Monday.“The clock is ticking — we still have 12 hours until the end of this day,” the German government spokesman, Stefan Kornelius, told a news conference.The ultimatum was the latest turn in an increasingly frenetic round of diplomatic brinkmanship as the Trump administration grows frustrated by a lack of progress in its efforts to end the bloodiest conflict in Europe in generations.On Monday, the…
Most investors, particularly when they first start investing, are primarily concerned with capital appreciation. Parents saving for a child’s college education will only withdraw from those savings once their child begins attending. Saving for a down payment on a house is similar — money is set aside, hopefully appreciates until a suitable home is identified, and the funds are withdrawn. Ultimately, many investors seek to construct a portfolio sufficient to sustain routine distributions to support themselves in retirement and, if they’re lucky, to create a legacy for subsequent generations. Managing assets for routine distributions emphasizes an area less critical for…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh here — big winners in the stock market often come from unexpected places. Not many know, for example, that the biggest winner in the stock market over the 25 years ending December 2023 was not Apple or Amazon. It was Monster Beverage Corporation (MNST), which annualized at 37.1% per year throughout the period — a cumulative gain of more than 268,000%, beating every other continually-traded stock in the index over this timeframe. Monster took an existing category…
In this February 15, 2025 a Boeing 747 sits on the tarmac of Palm Beach International airport after US President Donald Trump toured the aircraft on February 15, 2025.Roberto Schmidt | Afp | Getty ImagesU.S. President Donald Trump’s willingness to accept a lavish jumbo jet from the royal family of Qatar has sparked criticism over the legalities of what would mark the largest foreign gift ever received by U.S. government.Trump is preparing to accept a Boeing 747-8 which he will then use as Air Force One, four sources familiar with the plan told NBC News.The ownership of the gift is…
The bitcoin mining company backed by President Donald Trump’s sons, Eric Trump and Donald Trump Jr., is set to go public on the Nasdaq through an all-stock merger with Gryphon Digital Mining.Shares of Gryphon were up more than 300% Monday.The combined company, American Bitcoin, will trade under the ticker symbol “ABTC,” with the transaction expected to close as early as the third quarter of 2025.Existing stockholders of American Bitcoin, including the president’s two eldest sons, will own about 98% of the new entity.It is the latest high-profile move from the Trump family’s growing crypto empire, which already includes the controversial…
