Stocks making the biggest moves midday: PCG, EIX, AAPL, HWM & more Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out some of the companies making the biggest moves midday: PG & E , Edison International The old Pacific Gas & Electric tumbled 19% and Edison slumped 24% after California lawmakers blocked a proposal that would have limited the amount of money individuals could seek from utility companies whose equipment ignited wildfires. After the vote, several Wall Street analysts downgraded the stocks, with Mizuho analysts writing that investors are better-positioned in utilities that have few wildfire liability issues. Apple The consumer tech giant slid nearly 2% after Bloomberg reported, citing people familiar, that the leader of Apple's App Store and product events would be stepping down. The executive, Phil Schiller, will remain at the company and work on unnamed initiatives, Bloomberg reported. The change in roles comes a day before John Ternus takes the helm at Apple, succeeding Tim Cook. Science Applications International - Shares rose 4% after the defense contractor increased its forecast for the year on the back of strong sales in the latest quarter. SAIC expects to earn between $10.65 and $10.75 per share after adjustments this year. Previously, it anticipated adjusted earnings of $9.90 to $10.10 per share. Revenue is expected to range from $7.2 billion to $7.3 billion, above a prior forecast of $7.0 billion to $7.2 billion. Howmet Aerospace The manufacturer of engines for gas turbines tumbled more than 8%. SpaceX CEO Elon Musk said in a social media post that the space company would cast blades and vanes for turbines in-house to "accelerate nat gas turbines coming online by up to 18 months, which is a profound game-changer," he said. Herbalife The retailer of nutritional supplements dropped 13%. Herbalife said CEO Stephan Gratziani will leave effective Oct. 31, with finance chief John DeSimone serving as interim CEO. Herbalife reaffirmed full-year financial guidance, calling for revenue growth in a range of 2.5% to 5.5%, versus the FactSet consensus of a 4.4% increase. Aon The insurance broker dropped more than 7% after agreeing to buy rival USI Insurance Services from KKR for $17 billion. Aon said the merger will create "the premier U.S. middle-market platform." Energy stocks U.S. oil prices rose more than 2% after the U.S. and Iran exchanged strikes in the Middle East for the first time since July. Energy companies gained, with Halliburton , Chevron , Exxon Mobil , Valero Energy and Occidental Petroleum all rising roughly 1%. Eli Lilly - Shares fell more than 1% after the Zepbound-maker continued an acquisition spree. Lilly plans to buy privately-held biotech company Merida Biosciences for $2.9 billion in cash. Merida's experimental biologic drugs target autoimmune diseases such as Graves' disease and thyroid eye disease and should bolster Lilly's efforts in immunology. Pinterest Shares were off 6% after the company on Friday said CFO Julia Brau Donnelly will leave at the end of October. Vice president...
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