Stock Movers Defensive Stocks Higher; Oil Stocks Climb; Eli Lilly Deal
Jun 17, 2025
Defense stocks, led by Lockheed Martin, are surging due to escalating tensions in the Middle East, with fears of broader conflict affecting global markets. Oil stocks like ConocoPhillips are following suit, as volatility looms in oil-producing regions. Meanwhile, Eli Lilly's plans to acquire Verve Therapeutics for around $1.3 billion raise eyebrows, despite a dip in its stock. T-Mobile faces a downward trend after SoftBank's significant share sale adds to market uncertainty. The interplay of these factors hints at cautious investor sentiment.
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Geopolitical Tensions Boost Defense Stocks
- Geopolitical tensions between Israel and Iran are driving defense and oil stocks higher today.
- Investors view defense and energy sectors as safe havens amid broad market risk-off sentiment.
Oil Stocks Climb on Conflict Risk
- Oil stocks like ConocoPhillips, ExxonMobil, and Chevron show strong gains due to Middle East risks.
- The escalating conflict raises fears of oil price pressures affecting global markets and central bank policy.
Eli Lilly's Strategic Acquisition
- Eli Lilly plans to acquire gene-editing startup Verve Therapeutics for up to $1.3 billion.
- The deal includes a $1 billion upfront payment plus milestone-based payments linked to clinical progress.