Stock Movers: Qualcomm, Mosaic, and Levi Face Challenges Amid Trade Tensions and Tariffs

Qualcomm Faces Chinese Antitrust Investigation

• 📉 Qualcomm (QCOM) shares are down approximately 1.5% following reports of a Chinese antitrust investigation.
• ⚖️ Chinese regulators are reportedly investigating the company for violating anti-monopoly laws related to its acquisition of Israeli company Auto Talks.
• 🤝 This investigation is seen by some as a potential bargaining chip in the ongoing trade dispute between Presidents Xi Jinping and Donald Trump, amidst broader discussions on chips and tariffs.

Mosaic's Production Shortfall and Analyst Downgrade

• 🚜 Mosaic (MOS), an agricultural chemicals company, saw its shares drop over 7%, marking its worst day since early August.
• 🏭 The decline is attributed to the company reporting lower-than-expected third-quarter phosphate production due to mechanical issues at one plant and utility interruptions at another.
• 📉 Scotia Bank analysts downgraded Mosaic to "sector perform" and raised credibility questions regarding management's disclosures.

Levi Strauss Warns of Tariff Impacts

• 👖 Levi Strauss (LEVI) shares are down over 10%, despite raising its full-year outlook.
• 📈 The company warned that tariffs are beginning to impact operations, doubling its expected tariff rate for the rest of the world to 20% from 10% previously.
• 🌍 While Levi still expects 30% tariffs in China, the increased global tariff expectation is a significant concern for supply chain and pricing strategies.
• 🛍️ The impact on future inventory, particularly for 2026, is a key question, as companies like Levi have already secured a significant portion of their holiday season products.