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.
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