Starbucks Falls, Intel Rises, Lithium Americas Soars After News of Trump Stake

On this episode of Stock Movers:
- Starbucks (SBUX) shares fall after the company said it plans to close stores and eliminate 900 jobs in a $1 billion restructuring effort under Chief Executive Officer Brian Niccol.
- Intel (INTC) / Apple (AAPL) shares rise after news that Intel has approached Apple about securing an investment in the ailing chipmaker, according to people familiar with the matter, as part of efforts to bolster a business that’s now partially owned by the US government.
- Lithium Americas (LAC) shares soared to the highest price since April 2024 after reports the Trump administration is pursuing a stake in the company.

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