10 things to watch Wednesday, March 13 U.S. stocks are little changed early Wednesday, one day after a strong rally sent to the S & P 500 to a new record close. Investors get February's producer price index on Thursday following a slightly hotter-than-expected consumer price index on Tuesday. Eli Lilly teams up with Amazon's pharmacy unit to deliver patients drugs like Zepbound through its LillyDirect service.
TikTok ban legislation hits the House floor on Wednesday. The bill, which is expected to pass, would force the social media platform's Chinese owner ByteDance to sell its U.S. assets or get banned. The prospects in the Senate were still uncertain Tuesday. A ban of TikTok would certainly help Club name Meta Platforms' Reels short-term video feature.shares. The secondary offering was upsized to 14 million shares from the original offering size of 13 million. Frustratingly, GEHC is down 4%.
Morgan Stanley's Adam Jonas upgrades his view on the auto industry to attractive from in-line on the pivot to capital efficiency and return over aggressive spending on EVs and autonomous vehicles. "Auto demand trends strongly support our ICE elongation thesis," Jonas wrote, a thesis that plays into the hand of legacy internal combustion engine makers liketo underweight from equal weight and cuts price target slashed to $125 per share from $200.