Goldman Sachs Drops, Southwest Airlines Falls, Revolution Medicines Surges After Reporting Major Advance in Pancreatic Cancer
Description
On this episode of Stock Movers:
Goldman Sachs (GS) shares drop. Goldman Sachs Group Inc. shares fell after the bank reported a surprise drop in bond-trading revenue, despite a record quarter from the firm's equities team.
Southwest Airlines (LUV) shares fall. Airline and gold stocks fell after the US threatened to blockade the Strait of Hormuz. The US military will implement a blockade of all maritime traffic entering and exiting Iranian ports, but will allow other vessels to transit the Strait of Hormuz if they're not stopping in Iran.
Revolution Medicines (RVMD) shares rise. Revolution Medicines Inc. soared the most in six years after its treatment for an aggressive form of pancreatic cancer boosted patients’ survival in a late-stage trial, marking a significant breakthrough in the especially deadly condition.
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