Stock Movers Constellation Energy Plummets, GE Vernova Rises, Fannie & Freddie Fall
Jan 16, 2026
Carmen Reinecke, a Bloomberg News equities reporter, brings her expertise to the discussion on the volatile energy market. She highlights Constellation Energy's significant stock drop due to a new plan aimed at addressing rising utility costs and supporting data centers. Meanwhile, GE Vernova sees gains as analysts predict it will benefit from the changes. The conversation also touches on the extended sell-offs of Fannie Mae and Freddie Mac shares, linking them to policy uncertainties and draws an interesting parallel to the gambling and prediction markets.
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Energy Winners And Losers From Tech Power Plan
- Traders are pricing winners and losers from a proposed plan forcing tech firms to fund new power plants, hitting independent power producers hard.
- GE Vernova is seen as a likely beneficiary because reduced distribution pressure could boost demand for its turbines and services.
Don't Rush To Conclusions On Policy Moves
- Be cautious interpreting early market moves because policy proposals and auctions haven't completed yet.
- Wait for implementation details and timelines before assuming permanent winners or losers.
Prediction Markets Eating Into Sports Betting
- DraftKings and Flutter slid over 5% after New York data suggested they may be losing market share to prediction markets.
- The rise of alternatives like Kalshi and Robinhood's prediction features is fragmenting sports-betting demand.