Moller-Maersk Leads Tariffs Gains, Novo Nordisk Slumps, Unicredit Up
On this episode of Stock Movers:
- The US and China will temporarily lower tariffs on each other’s products, according to a joint statement, in a move which sent the whole equity market up. Maersk are on track for their biggest one-day gain in a decade with trading volume was quadruple the average for this time of day.
- Drugmakers like Novo Nordisk are falling after President Donald Trump said he plans to order a cut in US prescription drug costs by mandating that Americans pay no more than people in countries that have the lowest price.
- UniCredit posted its highest quarterly profit ever, strengthening Chief Executive Officer Andrea Orcel’s hand as he pursues potential acquisitions.
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