Stock Movers

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

- Tesla (TSLA) shares rose on word it's aiming to bring its driverless taxis to California and Arizona as the carmaker plots an expansion on the heels of last month’s limited rollout in Austin. CEO Elon Musk predicted on his social media service X that Tesla robotaxis could launch in the San Francisco Bay area “probably in a month or two,” pending regulatory approvals. The carmaker plans to broaden its service area in Austin this weekend, he said. Tesla has also contacted the Arizona Department of Transportation to begin the certification process for autonomous vehicle ride-sharing, the state agency told Bloomberg in an emailed statement. Tesla has expressed interest in operating within the Phoenix metropolitan area, the transportation department said. A decision on the company’s applications — including for operations with and without a driver — is expected by the end of this month.

- MP Materials (MP) shares spikes as much as 60%, the most intraday since the company’s IPO in 2020, after the firm struck a multibillion dollar public-private deal with the US Department of Defense to build a new magnet plant and expand rare earth capabilities, backed by $400m in equity and a $1b loan commitment.

- Autodesk (ADSK) shares dropped as investors digested news that it's weighing an acquisition of rival engineering-software provider PTC Inc., according to people familiar with the matter. Autodesk has been working with advisers to evaluate a cash-and-stock deal for Boston-based PTC, said the people, who asked to not be identified because the matter isn’t public. PTC, with a market value of about $23 billion, is also drawing interest from other industry players, the people said.No final decision has been made and Autodesk could opt against pursuing a deal for PTC, the people added. A representative for PTC declined to comment. A representative for Autodesk couldn’t be reached for comment.

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On this episode of Stock Movers:
- Delta (DAL) shares rise after the carrier announced that it is restoring its full-year earnings guidance. The company expects full-year adjusted EPS of $5.25 to $6.25 in 2025.
- Estee Lauder (EL) shares gain after BofA reinstated coverage with Buy rating and $110 price target.
- Conagra (CAG) shares drop after the company forecasted profit for this fiscal year below Wall Street’s expectations, citing rising costs from US tariffs.

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On this episode of Stock Movers:

- WK Kellogg (KLG) shares are higher on news that Ferrero Group to buy WK Kellogg for $23 per share, representing a total enterprise value of $3.1b. The W.K. Kellogg Foundation Trust and Gund Family agreed to vote 21.7% of WK Kellogg Co’s shares in favor of deal
- Delta (DAL) shares rise after the carrier announced that it is restoring its full-year earnings guidance. The company expects full-year adjusted EPS of $5.25 to $6.25 in 2025. 
- MP Materials (MP) shares are higher after they struck a multi-billion dollar public-private deal with the US Department of Defense to build a new magnet plant and expand rare earth capabilities, backed by $400m in equity and a $1b loan commitment.

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On this episode of Stock Movers:
- WK Kellogg Co (KLG) shares are moving on news that Ferrero Group to buy WK Kellogg for $23 per share, representing a total enterprise value of $3.1b. The W.K. Kellogg Foundation Trust and Gund Family agreed to vote 21.7% of WK Kellogg Co’s shares in favor of deal
- Delta (DAL) shares are higher after it reported it expects an adjusted profit of $5.25 to $6.25 a share this year, according to a statement. Chief Executive Officer Ed Bastian said travel in the US is climbing back after approval of Trump's tax-cut and spending package and progress in tariff discussions. Other airlines are following Delta higher. Travel in the US is climbing back after approval of President Trump’s tax-cut and spending package and progress in tariff discussions, Chief Executive Officer Ed Bastian said in an interview.
- Embraer SA (ERJ) is lower this morning as it's a Brazilian airline listed on the American stock exchange, and it's lower due to President Trump threatening to impose a 50% tariff on Brazil over its domestic political affairs, citing the treatment of former President Jair Bolsonaro. Brazil's leader Luiz Inacio Lula da Silva responded that his nation will not be "tutored" by anyone and that any unilateral rate hikes will be responded to using Brazil's economic reciprocity law.

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On this episode of Stock Movers:
- Delta (DAL) shares are higher after it reported it expects an adjusted profit of $5.25 to $6.25 a share this year, according to a statement. Chief Executive Officer Ed Bastian said travel in the US is climbing back after approval of Trump's tax-cut and spending package and progress in tariff discussions. Other airlines are following Delta higher. Travel in the US is climbing back after approval of President Trump’s tax-cut and spending package and progress in tariff discussions, Chief Executive Officer Ed Bastian said in an interview.
- Embraer SA (ERJ) is lower this morning as it's a Brazilian airline listed on the American stock exchange, and it's lower due to President Trump threatening to impose a 50% tariff on Brazil over its domestic political affairs, citing the treatment of former President Jair Bolsonaro. Brazil's leader Luiz Inacio Lula da Silva responded that his nation will not be "tutored" by anyone and that any unilateral rate hikes will be responded to using Brazil's economic reciprocity law.
- Archer-Daniels-Midland Co (ADM) is also lower this morning due to its exposure to Brazil. President Trump’s latest threat, against a nation that sells fewer goods to the US than it buys, risks reinforcing concerns that formal trade agreements may offer limited protection against future tariff hikes. It also again shows that the rates Trump unveiled in April on “Liberation Day” carry little meaning.
- Freeport-McMoRan Inc (FCX) is higher this morning as the market prices in the copper trade. Copper traders are looking to shift deliveries into Hawaii and Puerto Rico to cut shipment times due to President Trump's plan for 50% tariffs on copper.

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On this episode of Stock Movers:
- European companies with significant exposure to Brazil are worried following U.S. President Donald Trump's announcement of a 50% tariff on Brazilian imports. Telefonica, Santander and Carrefour all generate more than 20% of their revenue in Brazil, according to data compiled by Bloomberg.
- European miners are the best-performing sub-sector in the Stoxx 600 index as iron ore and base metals rally after President Donald Trump said the US would begin levying a 50% tariff on copper imports at the start of next month. The Stoxx 600 basic resources index rallied as much as 3.1%. Rio Tinto is the biggest contributor to the gains by index points.
- Swiss cocoa grinder Barry Callebaut AG cut its sales volume guidance for a second time within three months due to persistent cocoa bean price volatility. Shares fell by as much as 10% in early Zurich trading, the most since April. The firm now sees a 7% decline in full-year sales volume, compared with a mid single-digit decrease forecast in April, according to a statement on Thursday.

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On this episode of Stock Movers:

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Caroline Hyde, Carol Massar and Tim Stenovec.

- Nvidia (NVDA) shares rose after it became the first company in history to achieve a $4 trillion market valuation, cementing its status as a kingpin in the global financial market. The stock has risen more than 20% in 2025, and is up more than 1,000% since the beginning of 2023. Nvidia now accounts for 7.5% of the S&P 500 Index, near its highest influence on record. The latest catalyst for the stock has been a commitment to AI spending from Nvidia’s biggest customers, showing that demand for its computing systems remains strong. This includes tech giants Microsoft, Meta Platforms, Amazon.com and Alphabet, who are projected to put about $350 billion into capital expenditures in their upcoming fiscal years, up from $310 billion in the current year, according to the average of analyst estimates compiled by Bloomberg. Those companies account for more than 40% of Nvidia’s revenue.

- Meta Platforms (META) bought a minority stake in the world’s largest eyewear manufacturer, EssilorLuxottica SA, deepening the US tech giant’s commitment to the fast-growing smart glasses industry, according to people familiar with the matter. Facebook parent Meta acquired just under 3% of the Ray-Ban maker, a stake worth around €3 billion ($3.5 billion) at market prices, said the people, who asked not to be identified because deliberations are private. Meta, based in Menlo Park, California, is considering further investment that could build the stake to around 5% over time, the people added, though those plans could change. Shares closed higher.

- Hershey (HSY) shares tumbled as chocolate makers struggle due to a shortage in cocoa. Chocolate makers were already grappling with record prices for cocoa butter, which provides that melt-in-your-mouth feel. Now they are also paying up for the powder that lends their product its color and taste.Cocoa powder, used in everything from baking mixes to protein shakes, is now in short supply too. Prices for the key ingredient, produced when cocoa beans are ground, surged about 16% in the US over the past year, and are now trading near a record. 

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On the episode of Stock Movers:
- Power firm AES (AES), which provides renewable power to tech giants such as Microsoft Corp., is exploring options including a potential sale amid takeover interest, people with knowledge of the matter said. Infrastructure investors including Brookfield Asset Management Ltd. and BlackRock Inc.’s Global Infrastructure Partners unit have been studying AES after the company’s shares lost about half their value over the past two years, the people said. With an enterprise value of about $40 billion, a leveraged buyout of Arlington, Virginia-based AES would still rank among the biggest of all time. Shares of AES jumped as much as 18% on Wednesday for their biggest intraday gain since 2009.
- Starbucks (SBUX) has received proposals from prospective investors in its China business, most of whom are eyeing a controlling stake in the operation, said people familiar with the matter. The Seattle-based company is now in the process of sifting through proposals and shortlisting a group of potential investors for a next round of bidding, the people said, asking not to be identified because the matter is private. The company may share financial and operating details with those bidders to help them assess the valuation of its Chinese assets, the people said. Shares in the coffee chain rose.
- Nvidia (NVDA) shares rose after it became the first company in history to achieve a $4 trillion market valuation, cementing its status as a kingpin in the global financial market. The stock has risen more than 20% in 2025, and is up more than 1,000% since the beginning of 2023. Nvidia now accounts for 7.5% of the S&P 500 Index, near its highest influence on record. The latest catalyst for the stock has been a commitment to AI spending from Nvidia’s biggest customers, showing that demand for its computing systems remains strong. This includes tech giants Microsoft, Meta Platforms, Amazon.com and Alphabet, who are projected to put about $350 billion into capital expenditures in their upcoming fiscal years, up from $310 billion in the current year, according to the average of analyst estimates compiled by Bloomberg. Those companies account for more than 40% of Nvidia’s revenue.

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On this episode of Stock Movers:
- AES (AES) shares jumps after the power company said to be exploring options including a potential sale amid takeover interest.
- Starbucks (SBUX) shares are up. Starbucks has received proposals from prospective investors in its China business, with most eyeing a controlling stake in the operation, said people familiar with the matter.
- Nvidia (NVDA) shares rise after their market capitalization topped $4 trillion, with the chipmaker becoming the first company in history to achieve this milestone.

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On this episode of Stock Movers:
- Apple (APPL) shares are moving on news that Chief Operating Officer Jeff Williams is retiring with the company's longtime No. 2, with Sabih Khan replacing him as COO. Williams will step down as COO this month and retire from the company later in the year, continuing to oversee the design team and manage health initiatives until his departure. Khan, a 30-year veteran of Apple, will report to Chief Executive Officer Tim Cook and likely add divisions like AppleCare to his existing operations, contending with challenges such as tariff costs and slowing iPhone growth.
- UnitedHealth Group (UNH) is lower this morning after the DOJ's criminal healthcare fraud unit intensified its investigation into the company's Medicare billing practices, focusing on how it leveraged doctors and nurses to boost government payments. The probe began at least a year ago and is now drawing fresh scrutiny as former employees speak with federal investigators. The Wall Street Journal reported that former UnitedHealth employees told investigators that the company encouraged the capture of certain lucrative diagnoses during patient assessments.
- Meta (META) shares are moving after it bought a minority stake in EssilorLuxottica SA, deepening the US tech giant's commitment to the smart glasses industry, according to people familiar with the matter. The deal aligns with Meta CEO Mark Zuckerberg's commitment to AI and gives Meta the advantage of having more detailed manufacturing knowledge and global distribution networks, fundamental to turning its smart glasses into mass-market products.

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