Intel Lower on Trump Post; Peloton Soars; Eli Lilly Drops on Drug News
On this episode of Stock Movers:- Intel (ITNC) shares are lower after President Trump called on the chief executive officer of Intel Corp. to resign because of what he called conflicts of interest, adding to the challenges for a company that is supposed to anchor restoration of the US semiconductor industry. A spokesperson for Intel didn’t immediately respond to a request for comment on Trump’s post. This week, Republican Senator Tom Cotton asked the chairman of Intel’s board to answer questions about Chief Executive Officer Lip-Bu Tan’s ties to China, including…
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