Tariffs Selloff Hit Defense Stocks, Novo Nordisk, Shell
On this episode of Stock Movers:- European defense stocks, one of this year’s best-performing groups, slump amid a broad market rout. Meanwhile, Reuters reports that US firm Howmet Aerospace told customers it has declared a force majeure event in the wake of the tariffs announced by President Donald Trump. - The Trump administration decided against allowing Medicare to pay for obesity drugs, a move that would have given millions of older Americans access to the medications and cost the government billions.- Shell shares drop as much as 8.4% to trade at the lowest in two years, after the…
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