Check out the companies making headlines in daytime trading: Drug Makers – Drug stocks have bounced back from previous losses after an executive order aimed at lowering drug prices was deemed unafraidly bad for the industry. Merck jumped 5%, while Pfizer, Bristol-Myers Squibb and Elily all rose more than 2%. However, the health of pharmacy chain CVS fell by 5% as part of orders requesting a platform that allows Americans to purchase products directly from manufacturers. High-tech Stocks – The Megacup Technology Company’s stock saw a wide rally on Monday after the US and China agreed to suspend tariffs on most of each other’s goods. Shares in Tesla and Amazon, both with China’s declining sales, each rose around 7%. Apple, the majority of the iPhones in China, has won over 5%. Meta Platform jumped 7%. Semiconductor stocks Nvidia, Broadcom and Semiconductor have also risen. Chegg – Shares rose 2% after education technology companies said they would fire 22% of the workforce. Cut will come to argue that the company is fighting for a decline in web traffic because students prefer artificial intelligence tools when using educational technology services. Chinese Stocks – The US-listed stocks of Chinese companies moved high immediately after the tariff contract between the US and China. Shares of eCommerce Giants PDD Holdings and Alibaba rose more than 6% each. Tech Giant Baidu also rose 5%. KindlyMD – Healthcare companies have surged about 300% over the news that they are merging with Nakamoto, a Bitcoin investment company founded by President Donald Trump’s key cryptocurrency advisor, David Bailey. Retail Stocks – Retailers sensitive to tariffs on Chinese imports jumped after the US and China reached a temporary agreement to cut taxes. The bottom five and RH both rose by about 17%, while Nike, Lululemon and Estee Lauder added about 7%. Elf Beauty and Williams-Sonoma earned nearly 8%, while Best Buy rose 5%. NRG Energy – The energy company’s shares won around 23% after it announced on Monday it would acquire its power portfolio for $12 billion from LS Power. The portfolio contracts, including several natural gas production facilities in nine states, are expected to close in the first quarter of next year. Las Vegas Sands at Wynn Resorts – casino stocks surged on Monday, surpassing the broader market after the US and China announced a 90-day suspension for most of the tariffs between the two countries. Shares in Las Vegas Sands rose 5.9%, while Wynn Resorts rose 7.8%. The companies are making major exposure to the Chinese economy through their Macau property. – CNBC’s Alex Hurling, Sean Conlon, Jesse Pound and Michelle Fox reported.
