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, Matt Miller, Carol Massar and Tim Stenovec.
- Kenvue (KVUE) shares bounced around as investors reacted to President Donald Trump's warning against the use of Tylenol for pregnant women. The doctors at the Peachtree Women’s Specialists OB-GYN practice in Atlanta began their Tuesday morning fielding a barrage of questions from patients asking if Tylenol was safe for them to take. The night before President Donald Trump had launched into a tirade about the medication long recommended during pregnancy to treat fevers and aches and pains. He and Health and Human Services Secretary Robert F. Kennedy Jr. amplified unproven links between Tylenol and autism, with Trump urging pregnant people to instead “tough it out,” rather than take the drug.
- SoundHound (SOUN) shares rose after it announced a new partnership with Red Lobster.
- Micron (MU) shares rose after the closing bell after it announced an upbeat forecast for the current quarter. The largest US maker of computer memory chips, gave an upbeat forecast for the current quarter, helped by demand for artificial intelligence equipment. Fiscal first-quarter revenue will be roughly $12.5 billion, the company said in a statement Tuesday. Analysts had estimated $11.9 billion on average. Excluding some items, profit will be about $3.75 a share, compared with a projection of $3.05.
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