On this episode of Stock Movers:
- Eli Lilly (LLY) shares slump while large US and European drugmakers slide, underperforming amid a broad market slump, after President Donald Trump said the US was planning to announce “a major tariff on pharmaceuticals” soon.
- Walmart (WMT) shares fall as tariff-spooked shoppers begin pulling back on spending, Walmart Inc. is prepping for a worsening economy by using its massive footprint to keep prices low and hunt for ways to take market share.
- Ford Motor's (F) shares drop after top executive extended a show of support for Elon Musk after the Tesla Inc. leader went on a social media tirade targeting a key backer of President Donald Trump’s tariffs.In a post on X, Ford Chief Executive Officer Jim Farley said the carmaker’s top-selling F-150 pickup truck is designed, engineered, tested and manufactured “all within one square mile” in Dearborn, Michigan, the automaker’s longtime home.