Stock Movers Stock Movers: Verizon, Spotify, Pfizer (Podcast)
Sep 30, 2025
Verizon's shares soar as it explores selling wireless spectrum, signaling potential shifts in the telecommunications landscape. Meanwhile, Spotify sees a decline in stocks with CEO Daniel Ek stepping down, exacerbated by market pressures and AI competition. In the pharmaceutical sector, Pfizer's shares climb following news of an agreement to cut drug prices through Medicaid under a Trump initiative. Tune in for insights on these dynamic market movements!
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Spectrum Talks Drive EchoStar Rally
- EchoStar shares surged after talks to sell wireless spectrum to Verizon, reflecting heavy investor interest in spectrum deals this year.
- The move follows big transactions like AT&T's $23B EchoStar purchase and highlights EchoStar's strategic partnerships.
Leadership Change Amid Slowing Growth
- Spotify shares fell about 5.6% after CEO Daniel Ek stepped aside and two co-presidents took over jointly.
- The transition comes as growth slows and streaming faces disruption from AI and maturing markets.
Pfizer Stock Rises On Price-Cut Deal
- Pfizer shares rose roughly 2.7% on reports it would cut U.S. drug prices under a Trump administration deal.
- The plan includes direct sales at discounts through "TrumpRx" and favored pricing for Medicare enrollees.