Stock Movers

On this episode of Stock Movers:
- Citigroup [C] shares gained as much as 3.3% after the bank reported FICC sales and trading revenue for the first quarter that beat the average analyst estimate. Equities sales and trading revenue also beat expectations. Piper Sandler said it was a much better quarter than it had forecast.

- Anthropic is preparing its next flagship model, Claude Opus 4.7, along with a new AI-powered tool for designing websites and presentations, The Information reports, citing an unidentified person with knowledge of the products. As a result, Adobe (ADBE) and Figma (FIG) slide 1.8% and 3.3% respectively.

- Travere Therapeutics (TVTX) shares jump as much as 47% in premarket trading after the drugmaker said the US FDA approved Filspari (sparsentan) to help treat a rare kidney disease called focal segmental glomerulosclerosis (FSGS).
See omnystudio.com/listener for privacy information.

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 Isabelle Lee, Katie Greifeld, Carol Massar and Tim Stenovec.

- United Airlines (UAL) shares rose as much as 3.9% and American Airlines (AAL) shares gained as much as 9.6% after United Chief Executive Officer Scott Kirby floated a possible combination between the two airlines

- Globalstar (GSAT) shares rise 9.2% in premarket trading after Amazon (AMZN) agreed to acquire the company for $90 a share in cash and stock to extend satellite coverage and enable direct-to-device services. That represents a nearly 117% premium over Globalstar’s price from late October, before Bloomberg reported that the company was exploring a potential sale. The deal is expected to close in 2027

- Wells Fargo (WFC) fell short across its primary income streams in the first quarter, with net interest income and noninterest income lower than analysts' estimates. Wells Fargo's shares slumped 4.8% after the earnings report, with the company's results and unchanged 2026 guidance likely to cause modest disappointment and weigh on the bank's shares.
See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Wells Fargo (WFC) shares slide as much as 6.8% on Tuesday, the biggest intraday drop since July, after the US bank reported net interest income for the first quarter that missed the average analyst estimate. JPMorgan (JPM) shares fell over 3% premarket Tuesday after the largest US bank cut its net interest income forecast for the full year.

- United Airlines (UAL) shares rose as much as 3.9% and American Airlines (AAL) shares gained as much as 9.6% after United Chief Executive Officer Scott Kirby floated a possible combination between the two airlines. JetBlue (JBLU) Advances 14%, most in a year beating gains in S&P 500

- Globalstar (GSAT) shares rise 9.2% in premarket trading after Amazon (AMZN) agreed to acquire the company for $90 a share in cash and stock to extend satellite coverage and enable direct-to-device services. That represents a nearly 117% premium over Globalstar’s price from late October, before Bloomberg reported that the company was exploring a potential sale. The deal is expected to close in 2027.
See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- JPMorgan Chase (JPM) shares fall. The largest US bank cut its net interest income forecast for the full year. This comes despite traders posting their highest-ever quarterly revenue in the first three months of the year, with record stock-trading results.
- Johnson & Johnson (JNJ) shares rise. Johnson & Johnson reported first-quarter sales above Wall Street’s expectations and bumped up its outlook for the year, led by strong growth of new cancer medicines and a drug for treatment-resistant depression.
- Globalstar (GSAT) shares gain. Amazon agreed to acquire the company for $90 a share in cash and stock to extend satellite coverage and enable direct-to-device services. Amazon’s proposed acquisition of Globalstar and agreement with Apple positions the company to become a third major player in the direct-to-device market alongside SpaceX and AST SpaceMobile, according to analyst Louie DiPalma.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Amazon.com (AMZN) agreed to acquire satellite operator Globalstar Inc. in a roughly $11.6 billion deal that would boost the tech giant’s efforts to build its own satellite operation.
- Bloom Energy (BE) shares gain after the fuel cell company expanded its partnership with Oracle to support rapid buildout of AI and cloud computing infrastructure.
- American Airlines Group (AAL) shares gain after United Chief Executive Officer Scott Kirby floated a possible combination between the two airlines.
See omnystudio.com/listener for privacy information.