Stocks making the biggest moves midday: Warner Bros. Discovery, TopGolf Callaway, EchoStar, Apple & more
Check out the companies making the biggest moves midday: Warner Bros. Discovery – Shares jumped 7% after Warner said it will split into two publicly traded companies by next year. One company will host WBD's streaming services and movie properties, while the other will include its cable networks such as CNN and TNT Sports. Universal Health Services — The hospital operator fell more than 6% after CFO Steve Filton said at a conference that procedural volumes "have been slower to recover back to historical levels than we might have imagined." He also raised concerns over how President Donald Trump's spending bill could evolve as it goes through the Senate, and what that would mean for the hospital industry, according to a FactSet transcript. Topgolf Callaway Brands — The golf equipment stock rallied 8% following director Adebayo Ogunlesi's disclosure on Friday that he had bought 383,700 shares. Following the transaction, Ogunlesi owns 512,600 shares. Quaker Chemical – The metal processing fluid company, which does business as Quaker Houghton, jumped 10%. On Monday, Jefferies upgraded the stock to buy from hold, seeing more than 33% upside on the back of improving steel demand conditions and increasing infrastructure spending. EchoStar – Shares tumbled 6% after the Wall Street Journal, citing people familiar, reported the telecommunications company is considering filing for bankruptcy under chapter 11 . The company is trying to protect its wireless spectrum licenses that are under review by the Federal Communications Commission, the report said. Apple — Shares of the iPhone maker are up slightly ahead of the company's closely watched Worldwide Developers Conference in Cupertino, California . Investors are eager to hear more about Apple's progress on Apple Intelligence, its response to generative AI models, at the meeting, which kicks off at 1 p.m. ET. Apple shares have lagged the market, with an 18% decline year to date. Robinhood , Applovin – Shares of Robinhood and Applovin fell 5% and 4%, respectively, after neither name was added to the S & P 500 on Friday. Both companies were considered possible candidates for inclusion in the index . Robinhood soared more than 13% last week leading up to the rebalance announcement, while Applovin advanced more than 6%. Intuitive Surgical — The surgical product maker slid 7% on the heels of Deutsche Bank's downgrade to sell from hold. Deutsche said the company's competitive moat is at risk. IonQ – The quantum computing stock climbed 2% after the company announced that it's agreed to acquire Oxford Ionics in a deal valued at $1.075 billion in cash and stock. The deal is expected to close in 2025. Circle — Shares of the stablecoin issuer jumped 10%, continuing its post IPO surge . Circle's stock is now nearly 300% above its $31 per share IPO price. McDonald's – The fast-food chain's stock slipped nearly 2% on the heels of a Morgan Stanley downgrade to equal weight from overweight. Morgan Stanley said the company hasn't been insulated from pressures on the fast food sector. Moelis & Co. — Shares were more than 1% lower. On Monday, The Wall Street Journal reported that CEO Ken Moelis is planning to step down from the role at the investment bank. He said in an interview that he's expected to become executive chairman, effective Oct. 1. Co-president Navid Mahmoodzadegan is slated to become CEO, the report said. Aon — Shares of the professional services company slipped 4% after Aon reaffirmed its full-year guidance during its investor day Monday. — CNBC's Sean Conlon, Lisa Han, Alex Harring, Michelle Fox, Christina Cheddar Berk and Jesse Pound contributed reporting.
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12 minutes ago
- Yahoo
Bombing Iran's Nuclear Sites Complicates Hunt for What's Left
(Bloomberg) -- President Donald Trump's decision to order US forces to attack three key Iranian nuclear installations may have sabotaged the Islamic Republic's known atomic capabilities, but it's also created a monumental new challenge to work out what's left and where. Bezos Wedding Draws Protests, Soul-Searching Over Tourism in Venice One Architect's Quest to Save Mumbai's Heritage From Disappearing JFK AirTrain Cuts Fares 50% This Summer to Lure Riders Off Roads NYC Congestion Toll Cuts Manhattan Gridlock by 25%, RPA Reports Trump said heavily fortified sites were 'totally obliterated' late Saturday, but independent analysis has yet to verify that claim. Rather than yielding a quick win, the strikes have complicated the task of tracking uranium and ensuring Iran doesn't build a weapon, according to three people who follow the country's nuclear program. International Atomic Energy Agency monitors remain in Iran and were inspecting more than one site a day before Israel started the bombing campaign on June 13. They are still trying to assess the extent of damage, and while military action might be able to destroy Iran's declared facilities, it also provides an incentive for Iran to take its program underground. Indeed, there's just a slim possibility that the US entering the war will convince Iran to increase IAEA cooperation, said Darya Dolzikova, a senior research fellow at the Royal United Services Institute, a London-based think tank. 'The more likely scenario is that they convince Iran that cooperation and transparency don't work and that building deeper facilities and ones not declared openly is more sensible to avoid similar targeting in future,' she said. IAEA inspectors haven't been able to verify the location of the Persian Gulf country's stockpile of near-bomb-grade uranium for more than a week. Iranian officials acknowledged breaking IAEA seals and moving it to an undisclosed location. The IAEA called on a cessation of hostilities in order to address the situation. Its 35-nation board will convene on Monday in Vienna, Director General Rafael Mariano Grossi said. Trump dispatched B-2 stealth jets laden with Massive Ordnance Penetrators, known as GBU-57 bombs, to attempt to destroy Iran's underground uranium-enrichment sites in Natanz and Fordow. Satellite images taken on Sunday of Fordow and distributed by Maxar Technologies show new craters, possible collapsed tunnel entrances and holes on top of a mountain ridge. No evidence of damage to the underground enrichment halls can be seen, and IAEA inspectors reported there were no radiation releases from the site. US Air Force General Dan Caine told a news conference on Sunday that an assessment of 'final battle damage will take some time.' Before the US intervention, images showed Israeli forces alone had met with limited success four days after the bombing began. Damage to the central facility in Natanz, located 300 kilometers (186 miles) south of Tehran, was primarily limited to electricity switch yards and transformers. The US also joined in attacking the Isfahan Nuclear Technology and Research Center, located 450 kilometers south of Tehran. That was after the IAEA re-assessed the level of damage Israel had dealt to facility. Based on satellite images and communications with Iranian counterparts Isfahan appeared 'extensively damaged,' the agency wrote late on Saturday. The IAEA's central mission is to account for gram-levels of uranium around the world and to ensure it isn't used for nuclear weapons. The latest bombing now complicates tracking Iranian uranium even further, said Tariq Rauf, the former head of the IAEA's nuclear-verification policy. 'It will now be very difficult for the IAEA to establish a material balance for the nearly 9,000 kilograms of enriched uranium, especially the nearly 410 kilograms of 60% enriched uranium,' he said. Last week, inspectors had already acknowledged they'd lost track of the location of Iran's highly enriched uranium stockpile because Israel's ongoing military assaults are preventing its inspectors from doing their work. That uranium inventory — enough to make 10 nuclear warheads at a clandestine location — was seen at Isfahan by IAEA inspectors. But the material, which could fit in as few as 16 small containers, may have already been spirited off site. 'Questions remain as to where Iran may be storing its already enriched stocks,' Dozikova said. 'These will have almost certainly been moved to hardened and undisclosed locations, out of the way of potential Israeli or US strikes.' Far from being just static points on a map, Iran's ambitions to make the fuel needed for nuclear power plants and weapons are embedded in a heavily fortified infrastructure nationwide. Thousands of scientists and engineers work at dozens of sites. Even as military analysts await new satellite images before determining the success of Trump's mission, nuclear safeguards analysts have reached the conclusion that their work is about to become significantly harder. By bombing Iran's sites, Israel and the US haven't just disrupted the IAEA's accountancy of Iran's nuclear stockpile, they've also degraded the tools that monitors will be able to use, said Robert Kelley, who led inspections of Iraq and Libya as an IAEA director. That includes the forensic method used to detect the potential diversion of uranium. 'Now that sites have been bombed and all classes of materials have been scattered everywhere the IAEA will never again be able to use environmental sampling,' he said. 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Miami Herald
25 minutes ago
- Miami Herald
Donald Trump's SNAP Benefit Cut Plans Suffer Blow
A plan by Republicans to shift a portion of federal food stamp costs to state governments suffered a major setback after the Senate parliamentarian found it would violate chamber rules. The blocked provision was an attempt to reduce federal spending on the Supplemental Nutrition Assistance Program (SNAP), affecting more than 40 million low-income Americans who rely on food aid. The shift would have transferred major SNAP costs to the states, requiring them to pay at least 5 percent—and potentially more—of benefit costs, which analysts warned could result in significant cuts to nutrition support. The parliamentarian's decision places additional pressure on the bill's champions to find alternative means to fund tax cuts without imperiling food assistance, Medicaid, or other federal support programs. The provision, a cornerstone of Republican efforts to offset the costs of President Donald Trump's multitrillion-dollar tax and spending legislation, has been ruled inadmissible under Senate rules, sending GOP leaders scrambling to revise the mega bill. The ruling, issued by Senate parliamentarian Elizabeth MacDonough, came as the package prepared for a vote. While her opinions are advisory, they are rarely ignored in lawmaking practice. Republican lawmakers are now searching for new savings as they continue to advance Trump's legislative priorities despite the setback. MacDonough declared the SNAP cost-sharing plan noncompliant with the chamber's budget reconciliation rules, specifically the Byrd Rule, which bars certain policy measures from being attached to budget bills. The proposal would have shifted billions of dollars in SNAP costs from the federal government to the states, creating a new fiscal obligation for state governments and threatening coverage for millions. House Passes Bill with GOP SNAP Cuts The House passed the broader tax and spending package along party lines in May 2025, including a provision to require states to fund at least 5 percent of SNAP benefits and more for high error rates. The House-passed measure's SNAP provision was projected to save about $128 billion. Republican leaders had hoped these savings would help offset the bill's $4.5 trillion in tax cuts and new spending. Other Key Provisions Beyond SNAP, the package includes an extension and expansion of individual and business tax cuts, new work requirements for Medicaid recipients, cuts to federal health and nutrition programs, increased military and border security funding, and the elimination of taxes on tips for service workers. GOP Paths Forward Republican leaders, including Senate Agriculture Committee Chair John Boozman of Arkansas, said they were exploring options to keep the legislation on track while still delivering savings elsewhere. Options range from modifying the disputed SNAP provision to removing it entirely or risking a procedural vote requiring 60 votes—an unlikely scenario in the current Senate. Impact on SNAP Recipients The plan would have expanded work requirements to older adults (up to age 65), a component that remains in the bill for now. Democrats and anti-hunger advocates warned of significant harm to those in need, with more than 3 million individuals projected to lose food stamp access based on Congressional Budget Office estimates. Additional Rulings Expected The Senate parliamentarian is also expected to rule on other elements in the bill, including limits on immigrant eligibility for nutrition aid and changes to federal agencies, with further decisions likely to shape the final legislation. Minnesota Senator Amy Klobuchar, the top Democrat on the Senate Agriculture, Nutrition and Forestry Committee, said: "We will keep fighting to protect families in need," opposing shifts in SNAP costs to states, which she said would result in significant benefit cuts. Arkansas Senator John Boozman, chair of the Senate Agriculture Committee, said Republicans are "exploring options" to comply with Senate rules, while supporting those reliant on SNAP. Senate Republicans are expected to revise the bill to comply with the parliamentarian's rulings or drop the contested SNAP provisions. Further decisions from the adviser on other elements of the megabill are anticipated before any final Senate vote. This article contains reporting from The Associated Press. Related Articles When Are July 2025 SNAP Payments Coming?Republicans Out Of Step With Voters On Medicaid FundingNew York State Facing Lawsuit Over SNAP BenefitsSNAP Recipients Get Extra Money This Month in California 2025 NEWSWEEK DIGITAL LLC.
Yahoo
42 minutes ago
- Yahoo
British Airways flights to Doha and Dubai cancelled after US strikes Iran
British Airways has cancelled flights to Dubai and Doha after Donald Trump ordered a US attack on Iran's nuclear sites. It comes after a British Airways (BA) flight from London Heathrow to Dubai was diverted to Zurich on Saturday night (June 21). The BA109 flight departed from the UK at 9.53pm on Saturday and reached Saudi Arabia before the Boeing 787 Dreamliner changed its course, landing in Switzerland, according to flight-tracking website Flightradar24. All of the airline's flights to Dubai and Doha that were scheduled to depart from Heathrow on Sunday have been cancelled, including return flights, the company said. Dubai: 1,000-plus British Airways passengers waiting in the UAE to be flown home after BA cancelled 4 flights from Heathrow to DXB. 1 BA plane on Saturday reached Saudi Arabia before turning around, but had to divert to Zurich. Emirates operating — Simon Calder (@SimonCalder) June 22, 2025 Israel announced on Sunday (June 22) that it had closed its airspace to both inbound and outbound flights in the wake of the US attacks. The US struck three nuclear test sites in Iran overnight, prompting Tehran to launch a retaliatory ballistic missile barrage against Israel. Recommended reading: How does parking work at Heathrow Airport - All to know Can you still use a red passport for travelling in 2025? Furious Ryanair customer abandons holiday over 'ridiculous' £55 charge In a statement, British Airways said: 'As a result of recent events, we have adjusted our flight schedule to ensure the safety of our customers and crew, which is always our top priority. 'We are contacting our customers to advise them of their options while we work through this developing situation.' BA is offering a flexible booking policy for customers already booked onto flights to Dubai and Doha between Sunday and Tuesday who wish to change their dates of travel.
