Closing Bell: US Steel Surges .. Again, PDD Tumbles, Vertical Aerospace Soars

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Carol Massar and Tim Stenovec.

On this episode of Stock Movers:

-- US Steel (X) is coming off its surge on Friday after President Trump said the US would have control over the company as part of its partnership with Nippon Steel. US Steel is backing the president's move and reaffirming its commitment to the Nippon Partnership

-- (PDD) Shares of Temu owner PDD Holdings Inc. plunged in US trading after its quarterly sales and profit missed estimates, underscoring how trade tensions between Beijing and Washington are taking a toll on its business. Revenue for the March quarter was 95.7 billion yuan ($13.3 billion), falling short of the average analyst estimate of 101.6 billion yuan. Net income totaled 14.7 billion yuan, while analysts had expected 25.7 billion yuan. PDD’s US depositary receipts tumbled in New York on Tuesday after markets opened.

--Vertical Aerospace (EVTL) shares rise as much as 6.9% after the aerospace and technology company says it has made “European aviation history with the first-ever” piloted flight of a winged electric vertical take-off and landing (eVTOL) aircraft in open airspace.

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