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, Scarlet Fu, Tim Stenovec and Isabelle Lee.
- Johnson & Johnson (JNJ) shares jumped the most since March 2020 after the pharma giant boosted its sales forecast for the full year. J&J’s strong second quarter comes as President Donald Trump floats the idea of levies on the sector. On Tuesday night, he said tariffs on drugs could “probably” come at the end of the month, starting low and working their way up. A week earlier, Trump told reporters he would impose tariffs as high as 200% on drug companies if they don’t shift more of their manufacturing to the US over the next year to 18 months.
- Ford (F) shares slid on word it's recalling almost 700,000 vehicles to address a long-running issue over cracking in an auto part that can leak fuel into the engine and cause fires. The action applies to certain Bronco Sport and Escape models from 2020 to 2024, according to documents posted on the National Highway Traffic Safety Administration website. Ford has identified eight instances where cracking in a fuel injector led to a fire under the car’s hood. None of these resulted in injuries.
- United Airlines (UAL) refined its profit outlook for this year after travel rebounded from flight disruptions, trade tensions and fighting in the Middle East conflict.The carrier now expects full-year adjusted earnings of $9 to $11 a share, United said in a statement on Wednesday that included second-quarter results that exceeded analysts’ expectations. The Chicago-based carrier joined Delta Air Lines Inc. in offering an improving view for the year, citing a double-digit acceleration in business demand so far this month compared with the second quarter.
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