Stock Movers: Starbucks Restructures, Intel Seeks Apple Investment, Lithium Americas Soars

Starbucks Restructuring and Job Cuts

• 📉 Starbucks (SBUX) shares are down as the company announced plans to close 1% of its US and Canada stores, impacting approximately 900 jobs.
• 💡 This move is part of a $1 billion restructuring effort led by CEO Brian Niccol, aimed at making stores more inviting and right-sizing the company.

Intel's Comeback Bid with Apple Investment

• 🚀 Intel (INTC) shares rose over 5.5%, becoming the S&P 500's best performer, following news that it approached Apple (AAPL) about securing an investment.
• 🇺🇸 This comes after the US government took a 10% stake in Intel, signaling a push to bolster US homegrown semiconductor manufacturing.
• 📈 Seaport Research upgraded Intel to neutral from sell, anticipating near-term upside, especially if further direct investments materialize.

Lithium Americas' Soaring Stock

• ⚡ Lithium Americas (LAC) shares soared, continuing significant gains after reports that the Trump administration is pursuing a stake in the company.
• 💰 The US government is reportedly looking to take equity in Lithium Americas as part of ongoing renegotiations for a $2.3 billion loan from the energy department, underscoring a bet on US production.