On this episode of Stock Movers:
- Shares of Nike (NKE) moved higher in premarket trading after signs turnaround efforts at the world’s largest sportswear company are starting to pay off. Sales fell 1% on a currency-neutral basis in the company’s most-recent quarter, according to a statement, which was a smaller drop than investors anticipated. Gains at Nike’s wholesale and running shoe business, which had previously been weak spots, helped fuel sales of $11.7 billion, more than the $11 billion expected by Wall Street.
- Occidental Petroleum (OXY) shares edge higher in early trading on news that Berkshire Hathaway is nearing a deal to acquire Occidental’s petrochemical business for about $10 billion. The transaction could be announced in coming days, and would be Berkshire’s largest deal since its acquisition of Alleghany Corp. in 2022 for $13.7 billion, according to data compiled by Bloomberg.
- Pfizer (PFE) shares increase in the premarket session after the company secured a reprieve from President Trump’s long-threatened tariffs on the pharmaceutical industry Tuesday by agreeing to slash some of its drug prices by up to 85% and selling directly to the American public, a move other major drugmakers are expected to follow.

On this episode of Stock Movers: - Shares of Nike (NKE) moved higher in premarket trading after signs turnaround efforts at the world&rsquo;s largest sportswear company are starting to pay off. Sales fell 1% on a currency-neutral basis in the company&rsquo;s most-recent quarter, according to a statement, which was a smaller drop than investors anticipated. Gains at Nike&rsquo;s wholesale and running shoe business, which had previously been weak spots, helped fuel sales of $11.7 billion, more than the $11 billion expected by Wall Street. - Occidental Petroleum (OXY) shares edge higher in early trading on news that Berkshire Hathaway is nearing a deal to acquire Occidental&rsquo;s petrochemical business for about $10 billion. The transaction could be announced in coming days, and would be Berkshire&rsquo;s largest deal since its acquisition of Alleghany Corp. in 2022 for $13.7 billion, according to data compiled by Bloomberg. - Pfizer (PFE) shares increase in the premarket session after the company secured a reprieve from President Trump&rsquo;s long-threatened tariffs on the pharmaceutical industry Tuesday by agreeing to slash some of its drug prices by up to 85% and selling directly to the American public, a move other major drugmakers are expected to follow.

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Stock Movers

Nike Gains; Occidental Petrochemical Talks; Pfizer Price Cuts

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