Starboard Reportedly Targets Pfizer, Markets Fluctuate Amid Uncertainty: Yahoo Finance

Pfizer (PFE) shares are rising this morning after the Wall Street Journal reported that activist investment firm Starboard Value has taken a $1 billion stake in the pharmaceutical company. Starboard has reportedly asked two former executives to assist in its efforts. U.S. stocks (^DJI,^GSPC, ^IXIC) are under pressure despite Friday's rally fueled by the better-than-expected September jobs report. Oil prices (CL=F, BZ=F) continue to rise on concerns about escalating geopolitical tensions in the Middle East, with Monday marking a year since the Oct. 7 attack on Israel. Yahoo Finance's trending tickers include Arcadium Lithium (ALTM), GE Vernova (GEV), and Advanced Micro Devices (AMD).

The most important guests include:
9:00 a.m. ET – Stephen Biggar, Argus Research Director of Financial Services Research
9:30 a.m. ET – Kathryn Rooney Vera, StoneX Chief Market Strategist
9:50 a.m. ET – Ronald Jewsikow, Guggenheim Securities Director – Automotive Equity
10:15 a.m. ET – Michael Froman, president of the Council on Foreign Relations and former U.S. Trade Representative in the Obama administration
10:45 a.m. ET – Steve Kron, Goldman Sachs Director Americas Equity Research