Morning Stock Movers: Apple, Snowflake, Chewy

The video discusses various business updates, starting with Apple's potential move into the electric vehicle market, highlighted by the hiring of a former BMW executive. It then covers Snowflake's conservative guidance during its Investor Day, leading to a drop in shares. Chewy's sales growth is noted, but labor shortages in fulfillment centers pose challenges. The biotech sector is also discussed, with Biogen's strong performance and Vertex's decision to halt a liver treatment trial due to poor results.

What recent hire by Apple suggests its commitment to developing an electric vehicle?

• A former Google executive

• A former BMW executive

• A former Tesla engineer

• A former Ford engineer

Why did Snowflake's stock price drop recently?

• Due to a data breach

• Because of a leadership change

• Due to conservative guidance

• Because of a lawsuit

What challenge is Chewy facing despite its sales growth?

• Product recalls

• Increased competition

• Labor shortages

• Supply chain disruptions

Which company's stock rose significantly in the biotech sector?

• Vertex Pharmaceuticals

• CureVac

• Pfizer

• Biogen

What decision did Vertex Pharmaceuticals make regarding its liver treatment development?

• To accelerate the trials

• To expand the research team

• To abandon the development

• To partner with another company