Alphabet Drops, Adobe Gains, Compass Pathways Rises on Trump's Order Ease FDA Restrictions on Psychedelics
Update: 2026-04-20
Description
On this episode of Stock Movers:
- Alphabet (GOOG) shares drop after the company announced talks with Marvell Technology to develop two new chips to run AI models more efficiently.
- Adobe (ADBE) shares gain as the Wall Street Journal reports that the creative software maker is releasing AI agents that will help enterprise customers automate functions such as digital marketing.
- Compass Pathways (CMPS) shares higher after CBS reports that President Trump is set to sign an order as soon as this week that would signal willingness to further research the psychedelic drug ibogaine.
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