Apple Stock Surges, Eli Lilly Rallies, NRG Energy Jumps
May 12, 2025
Apple's stock is on the rise, fueled by news of potential price increases and a conversation between President Trump and CEO Tim Cook. Meanwhile, Eli Lilly reacts positively to drug pricing reforms aimed at lowering costs for Americans while avoiding tariffs. NRG Energy also makes headlines with a significant acquisition of natural gas plants, positioning itself to meet growing energy demands. Exciting developments all around in the market!
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insights INSIGHT
Apple's Pricing Strategy Shift
Apple plans to raise iPhone prices this fall, coupled with new features and designs to offset tariff perceptions.
Despite a 15% YTD drop, the stock rebounded over 6% on tariff optimism and pricing rumors.
insights INSIGHT
Eli Lilly Benefits From Policy Nuance
Trump's drug pricing plan aims to lower U.S. costs by aligning with the lowest global prices via negotiation.
Eli Lilly stock gained 3% as it is exempt from tariffs due to domestic manufacturing.
insights INSIGHT
NRG Energy's Strategic Acquisition
NRG Energy surged 26% after announcing a $12 billion acquisition of 18 natural gas plants.
The deal aligns with growing power demand from AI and data center expansion.
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- Apple (APPL) shares are up. This comes after President Donald Trump said he spoke with Apple Inc. Chief Executive Officer Tim Cook earlier on Monday, just as the iPhone maker was reported to be considering price increases later this year. Apple is weighing whether to raise prices for an iPhone lineup coming in the fall, the Wall Street Journal reported, citing people familiar with the matter whom it didn’t identify. The company is exploring whether to “couple” price increases with new features and designs, while trying to avoid the perception that any hikes are tied to US tariffs, the Journal reported. Apple didn’t respond to Bloomberg’s request for comment.
- Eli Lilly (LLY) are up in after hours trading. Earlier today, President Donald Trump said he plans to slash drug prices for Americans by more closely aligning their costs to lower prices paid abroad, renewing and expanding upon a failed push from his first term. Trump aims to do so by bringing drugmakers to the negotiating table. He signed an executive order Monday asking them to lower prices voluntarily or else face regulatory measures. The President, however, said Eli Lilly is not going to be tariffed because the pharmaceutical company is building in the US.
- NRG Energy (NRG) shares are up after the company agreed to acquire a fleet of natural gas-fired power plants from LS Power Equity Advisors LLC for about $12 billion including debt, betting the fuel will be crucial to meet electricity demand from data centers. The cash-and-stock deal calls for NRG to buy 18 gas-fired facilities from LS with a combined capacity of about 13 gigawatts, the companies said Monday in a statement. That’s enough to power about 10.4 million homes.
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