Pfizer (PFE) stock is rising this morning after the Wall Street Journal reports that activist investment firm Starboard Value has acquired a $1 billion stake in the drug company. Starboard has reportedly approached two former executives to help with the effort. US stocks (^DJI, ^GSPC, ^IXIC) are under pressure despite Friday’s gains on better-than-expected September jobs data. Oil prices (CL=F, BZ=F) continue to rise on concerns about escalating geopolitical tensions in the Middle East, with Monday marking one year since the October 7 attack on Israel. Yahoo Finance’s trend tickers include Arcadium Lithium (ALTM), GE Vernova (GEV), and Advanced Micro Devices (AMD).
The main guests are:
9am ET – Stephen Biggar, Argus Financial Services Research Director
9:30 a.m. ET – StoneX Chief Market Strategist Kathryn Rooney Vera
9:50 a.m. ET – Ronald Jusikow, Guggenheim Securities Director – Auto Equity
10:15 a.m. ET – Michael Froman, Chairman of the Council on Foreign Relations and former U.S. Trade Representative in the Obama administration.
10:45 a.m. ET – Steve Kron, director of Americas equity research at Goldman Sachs
