WSJ What’s News What’s News in Markets: Defense Stocks Rise, Beer Beats, Pharma Deal
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Jan 10, 2026 Discover how American oil companies are adapting to recent U.S. actions in Venezuela. Find out why Constellation Brands' investors are pleased despite a dip in beer sales. Explore Eli Lilly's $1 billion acquisition of Ventix and its potential to enhance its autoimmune treatment offerings. Plus, get insights on the rally in defense stocks driven by budget discussions and production deals.
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Venezuela Moves Boost U.S. Oil Majors
- U.S. actions in Venezuela drove meaningful market moves for American oil majors this week.
- Chevron jumped after reports the White House plans to revive and dominate Venezuela's oil industry.
Defense Rally Follows Budget Push
- A call for a much larger defense budget lifted U.S. weapons-makers across the board.
- Lockheed Martin rose after President Trump pushed for a $1.5 trillion defense budget and the company expanded Patriot missile production.
Beer Sales Down Yet Stocks Rise
- Constellation Brands reported weaker beer sales but beat expectations, sending shares higher.
- The company cited lower purchases from Hispanic customers and fewer physically demanding jobs that typically boost beer demand.