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Meta Drops Amid Jury Ruling, Valero Sees Increase After Fire, Brown-Forman Gets Bump
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Meta Platforms (META) sees a drop of over 8% after a jury found the company (along with Google) liable for a 20-year-old woman's mental health struggles, which she said were caused by her addiction to social media, and ordered them to pay damages.
- Valero Energy (VLO) is up over 5.7% after the announcement that their refinery in Port Arthur, Texas will attempt to introduce steam tomorrow to some units after a fire in a unit on Monday.
- Brown-Forman (BF/B) sees a 2% jump after a report that French beverage company, Pernod Ricard SA, is exploring a potential acquisition of the Kentucky-based owner of Jack Daniel’s whiskey, as alcoholic drink companies look at ways to consolidate amid an industry downturn.
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