Stock Movers: Pfizer Rises, Best Buy Surges, Nike Up After US China Trade Talks
May 12, 2025
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2:24Now PlayingStock Movers: Pfizer Rises, Best Buy Surges, Nike Up After US China Trade Talks
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as posted by the channelPfizer shares rise after President Donald Trump said he plans to order cuts to prescription drug costs to bring them in line with other countries.
White House officials speaking this morning did say weight loss drugs and medicare will be an area of focus for action.
Best Buy shares rise after being a key beneficiary of weekend US-China talks
Bloomberg Intelligence analysts estimates that retailers entered the year holding 1% less inventory than they had over the past three years, so the drop off in Chinese shipments would have had significant impact.
Nike shares rise. The company is another key beneficiary of the US-China talks -- half of all Nike brand shoes are made in Vietnam, but overall trade optimism is helping.
Last week, the company announced changes to its senior leadership team and divided its Consumer, Product, and Brand leadership will now be divided into three distinct areas.
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